pp. 67, 127, 133, 141; 1908, pp. 538, 555, 720; 1909, pp. 84, 303, 469, 477, 480. Labor Unions-G. S. 154. Land Improvement Companies G. S. 1905. p. 199. Libraries, Lyceums, etc.-P. L. 1897, p. 189; 1904, p. 244; 1910, Life Insurance-P. L. 1895, p. 334; 1897, p. 257; 1900, p. 33; 1902, p. 407; 1906, p. 418; 1907, pp. 67, 131, 153; 1908, p. 555; 1909, p. 285. Limited Partnership Associations-G. S. 2440. Live Stock Insurance-G. S. 1763. Navigation Companies-G. S. 2316. Patriotic Societies-P. L. 1897, p. 149. Plank Road Companies-G. S. 2473; P. L. 1901, pp. 290, 292; 1902, p. 566; 1904, p. 271; 1905, p. 340. Presbyterian Churches, Trustees of-P. L. 1905, p. 250. 1906. p. 23; 1910, p. 361. Provident Loan Associations-P. L. 1904, p. 218. Railroads-P. L. 1898, p. 23; Revision, 1903, p. 645; 1905, p. 130; 1906, pp. 266, 663; 1907, pp. 187, 648; 1908, pp. 61, 119, 208. Religious Societies-G. S. 2735; P. L. 1898, p. 397; 1900, p. 407; 1901, p. 104; 1903, p. 384; 1905, pp. 82, 250, 287, 384; 1907, pp. 400, 462; 1908, pp. 201, 272, 570; 1909, p. 42; 1910, p. 464. Safe Deposit Companies-P. L. 1899, p. 468; 1907, p. 68. Savings Banks-G. S. 3000; P. L. 1896, p. 197; 1898, p. 21; 1899, p. 530; 1901, pp. 200, 221, 306; 1902, pp. 242, 361, 677; 1905, p. 232; 1906, p. 348; 1907, p. 68; 1908, pp. 57, 407, 589; 1909, p. 37. Seaside Associations-G. S. 337. Sewerage Companies-P. L. 1898, p. 484; 1908, p. 88. Steam Heat and Power Companies-P. L. 1896, p. 317. Street Railway Companies-G. S. 3216; P. L. 1891; pp. 46. 465; 1896, pp. 97, 329, 357; 1903, p. 705; 1904, p. 426; 1906, p. 683; 1909, p. 156. Surety Companies-P. L. 1895, p. 350; 1897, p. 192. Telegraph Companies G. S. 3457; P. L. 1898, p. 392; 1900, p. 74; 1903, pp. 123, 363; 1905, p. 180. Traction Companies-G. S. 3235; P. L. 1893, p. 302; 1896, p. 155; 1900, pp. 328, 479; 1901, p. 298; 1904, p. 426; 1908, p. 205; 1909, p. 156. Trust Companies-Revision, P. L. 1899, p. 450; 1902, p. 235; 1903, pp. 446, 451; 1906, pp. 295, 341; 1907, p. 68; 1909, p. 180; 1910, p. 64. Turnpike Companies-G. S. 3690; P. L. 1880, p. 181. Water Companies-G. S. 2109; P. L. 1897, p. 384; 1898, p. 192; 1903, p. 237; 1905, p. 452; 1906, pp. 98, 238, 703; 1908, pp. 42, 43; 1909, p. 91. Women's Work Exchanges-P. L. 1897, p. 208. "G. S." refers to the General Statutes of New Jersey, edition 1896. CONSTITUTION OF STATE OF NEW JERSEY AS AMENDED IN 1875. PROVISIONS RESPECTING CORPORATIONS. ARTICLE I. 19. No county, city, borough, town, township or village shall hereafter give any money or property, or loan its money or credit to or in aid of any individual, association or corporation, or become security for or be directly or indirectly the owner of any stock or bonds of any association or corporation. 20. No donation of land or appropriation of money shall be made by the state or any municipal corporation to or for the use of any society, association or corporation whatever. ARTICLE IV. SECTION VII. 3. The legislature shall not pass any law impairing the obligation of contracts or depriving a party of any remedy for enforcing a contract which existed when the contract was made. 8. Individuals or private corporations shall not be authorized to take private property for public use, without just compensation first made to the owners. lxviii CONSTITUTION OF THE STATE OF NEW JERSEY. 11. The legislature shall not pass private, local or special laws in any of the following enumerated cases, that is to say: Granting to any corporation, association or individual, any exclusive privilege, immunity or franchise whatever. Granting to any corporation, association or individual the right to lay down railroad tracks. The legislature shall pass general laws providing for the cases enumerated in this paragraph, and for all other cases which, in its judgment, may be provided for by general laws. The legislature shall pass no special act conferring corporate powers, but they shall pass general laws under which corporations may be organized and corporate powers of every nature obtained, subject, nevertheless, to repeal or alteration at the will of the legislature. An act, general in form, but the particularity of the descriptive language in which showed that its framer was providing for a particular corporation, was held to be unconstitutional, as being a special act, as having a misleading title, and as being inimical to the provision of the constitution that "the legislature shall pass no special act conferring corporate powers." Grey v. Newark Plank Road Co., 65 N. J. Law, 603. 1. All ARTICLE X. claims and rights of individuals and bodies corporate, and of the state, and all charters of incorporation shall continue. THE GENERAL CORPORATION LAW OF NEW JERSEY. LAWS OF 1896, CHAPTER 185. Being "An Act Concerning Corporations (Revision of 1896)," including the amendments and supplements to the end of the legislative session of 1911. I.-Powers. 1. Every corporation shall have power: I. To have succession, by its corporate name, for the period limited in its charter or certificate of incorporation, and when no period is limited, perpetually; II. To sue and be sued in any court of law or equity; III. To make and use a common seal, and alter the same at pleasure; IV. To hold, purchase and convey such real and personal estate as the purposes of the corporation shall require, and all other real estate which shall have been bona fide conveyed or mortgaged to the said corporation by way of security, or in satisfaction of debts, or purchased at sales upon judgment or decree obtained for such debts, and to mortgage any such real or personal estate with its franchises; the power to hold real, and personal estate shall include the power to take the same by devise or bequest; V. To appoint such officers and agents as the business of the corporation shall require, and to allow them suitable compensation; VI. To make by-laws fixing and altering the number of its directors, and providing for the management of its property, the regulation and government of its affairs, and the transfer of its stock, with penalties for the breach thereof not exceeding twenty dollars; VII. To wind up and dissolve itself, or be wound up and dissolved in manner hereafter mentioned. P. L. 1846, p. 16; P. L. 1846, p. 65; P. L. 1849, p. 301; P. L. 1872, p. 77; Act. of 1875, § 1. I. To have succession. The Corporation Act of 1875 limited corporate existence to fifty years. Companies formed under the Act of 1875 may now have the period of their corporate existence extended or made perpetual by complying with the provisions of Section 27. As to corporate name, see notes, Section 8. II. To sue, etc. The power to sue and be sued implies also the power to compromise suits. Ellerman v. Chicago Junc. Rys. &c. Co., 49 N. J. Eq., 217. Corporations, like natural persons, are entitled to all the remedies against their trustees for breach of trust. Bigelow v. Old Dominion Copper Co., 71 Atl. Rep., 153. In a suit where a corporation is the party, the officers and members are not parties to the action and are competent witnesses, both at common law and under statute. Assurance Association v. Cole, 26 N. J. Law, 362. It is not necessary for a corporation plaintiff to allege its incorporation. German R. Church v. Von Puechelstein, 27 N. J. Eq., 30. If the defendant fails to interpose the plea of nul tiel corpora |