ACTS OF THE SEVENTY-THIRD LEGISLATURE OF THE STATE OF NEW AN ACT for the relief of Thomas Letson, of the county of Mon mouth. $60 per an paid T. Let BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the treasurer of this state is autho- num to be rized and empowered to pay to Thomas Letson, of the county son. of Monmouth, a soldier of the Revolutionary war, or his order, the sum of sixty dollars per annum, during his natural life, in semi-annual payments of thirty dollars each, the first payment to be made on the first day of March next; and the receipt of the said Thomas Letson, or his order, shall be a sufficient voucher to the treasurer, in the settlement of his accounts. Approved January 26, 1849. AN ACT to extend the charter of the State Bank at Camden. extended.. 1. BE IT ENACTED by the Senate and General Assembly of Former act the State of New Jersey, That the act entitled, "An act to extend the act incorporating the state banks in New Jersey," passed February nineteenth, in the year of our Lord one thousand eight hundred and twenty-nine, shall be, and hereby is continued and extended, so far as regards the president, directors, and company of the State Bank at Camden, for and dur Act, when to ing the term of twenty years from and after the time by the said act limited for its continuance. 2. And be it enacted, That this act shall take effect immetake effect. diately upon the expiration of the term in and by the said act, entitled, "An act to extend the act incorporating state banks in New Jersey," passed February nineteenth, A. D. eighteen hundred and twenty-nine, limited for the continuance of the State Bank at Camden. Approved January 26, 1849. Preamble. Name of changed. AN ACT to change the name of Edmund Shaw Jones, of the county of Burlington, to that of Edmund Bryant Jones. WHEREAS the parents of Edmund Shaw Jones, of the county of Burlington, a minor, have presented to the legislature their petition, praying that the name of their said son be changed to that of Edmund Bryant Jones, and it appearing to the legislature right that their petition should be granted -therefore, BE IT ENACTED by the Senate and General Assembly of the B. S. Jones State of New Jersey, That the name of the said Edmund Shaw Jones be, and the same is hereby changed to that of Edmund Bryant Jones. Approved January 30, 1849. Preamble. Superintend ents author. ized to pay pro rata share of mo aey. AN ACT for the relief of the Rahway school for coloured children WHEREAS it appears, by the memorial of the trustees of the Rahway school for coloured children, that owing to the peculiarity of their organization and their geographical position, they do not receive the portion of the public school money to which they are entitled-therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the township superintendent of Woodbridge, in the county of Middlesex, and the township superintendent of Rahway, in the county of Essex, are hereby authorized and required to pay to the order of the trustees of the Rahway school for coloured children the pro rata share of the public school money to which they would be entitled if organized as a public school, and the scholars taught in the district in which they reside. 2. And be it enacted, That this act shall take effect immediately. Approved January 30, 1849. A further supplement to the act entitled, "An act to establish the Sussex Bank, at Newton, in,the county of Sussex," passed the thirty-first day of January, eighteen hundred and eighteen. authorized. 1. BE IT ENACTED by the Senate and General Assembly of Increase of the State of New Jersey, That the president, directors, and capital stock company of the Sussex Bank are hereby authorized to increase the capital stock of said bank one thousand three hundred and fifty shares, of fifty dollars each; and the additional capital hereby authorized shall be part of the capital stock of said corporation, held and transferred in the same manner, and entitled to the same privileges with the capital stock authorized by the act incorporating said bank, and be subject to the same rules, regulations, and provisions, except as is herein otherwise provided. to be open. 2. And be it enacted, That whenever the directors of the Books of said bank shall determine to call in the said new stock, books subscriptions of subscription for one half thereof shall be opened in such ed. manner and at such time or times, between the hours of twelve o'clock in the forenoon and five o'clock in the afternoon, as the said directors shall order, of which Sixty days' notice shall be given in both of the newspapers printed at Newton aforesaid; and the said books of subscription shall be kept open at least five days. 3. And be it enacted, That prior to the time fixed for open-stock to be ing the books of subscription, the directors of aid bank shall allotted.allot one half of the said new stock ratably among the old stockholders, in proportion to the number of shares held by each, and shall appropriate so much of the undivided profits of the said bank as will be sufficient for that purpose, to paying for the stock so allotted, fifty dollars upon each share thereof.. Shares, Low 4. And be it enacted, That if the subscriptions of such new apportioned. stock shall exceed six hundred and seventy-five shares, the Shares of new stock to be equalized. said six hundred and seventy-five shares shall be apportioned by the said directors, at their next meeting thereafter, among the subscribers thereto, in proportion to the amount subscribed by each. 5. And be it enacted, That the directors of the said bank shall equalize the value of the new stock, so subscribed for, to the old, by requiring payment thereon of the ratable proportion of the expenses of organizing and establishing the said bank, and also of an amount equal to the surplus profits on hand, if any there be; and the notice of opening the books of subscription shall specify the amount to be paid upon each share, in order to equalize the value thereof to the value of the old stock; which amount shall be paid to the said bank in thirty days after the said stock shall have been subscribed and apportioned, under the penalty of forfeiting the stock upon which default is made in the payment, and added to the undivided profits of the bank. Payment of 6. And be it enacted, That the subscribers to the said new instalments. stock shall, in addition to the payment herein before mentioned, within thirty days after the said new stock shall have been subscribed and apportioned, pay to the said bank an instalment of five dollars upon each share so subscribed and apportioned; and the said directors shall have power to require the remaining instalments to be paid in the same manner, and under the like restrictions as is provided in the act to which this is a supplement, until the sum of fifty dollars upon each share is paid in, under the penalty of forfeiting the stock upon which.default is made in the payment; and until the whole amount of said instalments shall have been paid in, the holders of such new stock shall be entitled to dividends only upon the amount paid in. 7. And be it enacted, That this act shall take effect immedi ately. Approved January 31, 1840. |