Proviso. board shall be a quorum for the transaction of business which election shall be held under the direction of the directors for the time being, at such place and on such notice as they shall think expedient; and in case any vacancy shall happen in said board by death, removal, resignation or otherwise, such vacancy may be filled by the said board until the next election; provided, no person shall vote at any such election other than the regular members of said corporation, who shall have paid at least one dollar during the year next preceding such election, for the use of said corporation, or shall have paid twenty-five dollars at one time, which shall constitute a life member; and a majority of such members voting at any such election shall be required for the election of such directors; and the persons named in the first section of this act shall constitute the first directors of said corporation. Object of 3. And be it enacted, That the object of said corporation corporation shall be the instruction of children, to be selected by said corporation, under such regulations as the said directors shall ordain, and to provide a suitable building for such children, to be located in the city of Newark; and for the purpose of better educating said children, they shall be trained to habits of industry, and have the benefit of moral and religious instruction. Board to urer. 4. And be it enacted, That the said board shall, as soon elect treas- as conveniently may be after the passage of this act, elect one person who shall act as treasurer, and may appoint such persons as to them shall seem meet, properly to conduct the business and affairs of the corporation; and the said officers shall hold their office during the pleasure of the directors; provided, that the treasurer shall give bond in such sum and with such security as such directors shall direct for the faithful performance of his duties. 5. And be it enacted, That this act shall be deemed and held to be a public act, and shall take effect immediately. Approved March 26, 1874. CHAPTER CCCCXIX. An act to incorporate the Hibernia Hose Company, Number corporator name. 1. Be it enacted by the Senate and General Assembly of the State of New Jersey, That Edward Fanning, Thomas Flynn, Names of Michael Sutley, John Bowes, Patrick Delaney, William Cavanagh, Patrick Fitzpatrick, James Ryan, and all persons who now are or hereafter shall become associates of the Hibernia Hose Company, Number Three, of the city of Paterson, be and they are hereby constituted and declared to be a body corporate and politic, in fact and in law, by the name of "The Hibernia Hose Company, Number Three, of the Corporate city of Paterson," and by such name they shall have succession and be persons in law, capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts of judicature whatsoever; and that they and their successors may have a common seal, make, enter into, and execute any contracts or agreements, touching or concerning the objects of said corporation; and shall have full power and authority to make, form and adopt, such form of constitution and such by-laws and regulation for their government, not inconsistent with the constitution and laws of this state, or of the United States, as they shall think proper; provided, Proviso.. that said company shall be subject to and controlled by the same laws, ordinances, rules and regulations, as the several companies of the fire department of the city of Paterson now are or may hereafter be subject to or controlled by. 2. And be it enacted, That the capital stock of the said Capital company shall not exceed the sum of fifteen thousand dol- stock. lars, which shall be applied to the purchase of real estate, stock in any insurance company, furniture for their house, equipments for their members, and such implements and machines, and to such incidental expenses as shall to the Capital stock how divided. Books of subscrip said company appear best calculated to secure the property of their fellow citizens from injury or destruction by fire. company 3. And be it enacted, That the said capital stock of the said shall be divided into shares of ten dollars each, and at the time of subscription there shall be paid an installment of ten per centum on each share subscribed; the directors are authorized to call upon the said subscribers for the payment of further installments in such sum or sum3, at such time or times, and under such forfeiture as they may deem expedient, until the whole amount of said shares so subscribed shall have been fully paid. 4. And be it enacted, That books of subscription to the caption where ital stock of said company shall be opened at the city of Paterson, at such time after the passage of this law as the members of the company shall deem proper. to be open ed. Company to elect of nually. 5. And be it enacted, That the said company shall elect ficers an- annually out of their own body, a president, and such other officers and assistants as they shall deem necessary for conducting their affairs according to their constitution and bylaws; and that the said president shall keep in his custody the common seal of the said company, and at the expiration of his term of office shall deliver it over to his successor; and in their corporate name may institute suits for the recovery of all fines, debts and arrearages, due to the said company. Property 6. And be it enacted, That the property of said company exempt held under this act shall be free and exempt from taxes and from taxa tion. Annual to be placed assessments. 7. And be it enacted, That an annual statement of the finan statement cial affairs of the said company, signed by the president thereon records. of, shall be placed on the records of the said company, not less than fifteen days and not more than thirty days before each annual election. 8. And be it enacted, That this act shall take effect immediately. Approved March 26, 1874. CHAPTER CCCCXXI. A supplement to the act entitled "An act to incorporate not exceed 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That for the purpose of erecting a May hold suitable hall, the corporation or body politic created by the property act to which this is a supplement, may hold property not ing thirty exceeding in value thirty-five thousand dollars instead of dollars." fifteen thousand dollars, as limited by the act to which this is a supplement. Approved March 26, 1874. thousand CHAPTER CCCCXXII. An act to incorporate the German Benevolent Society of corporators 1. BE IT ENACTED, by the Senate and General Assembly of the State of New Jersey, That Henry Tribert, Andrew Eais- Names of man, Gotlieb Bowers, Henry Stuber, Frederick Koler, John Slasemen, Frederick Elrich, and John Gates, and those associated with them and their successors shall be and they are hereby constituted a body corporate, under the name, style and title of "The German Benevolent Society of Norwood, Corporate Bergen county," with all the powers and privileges which now do or hereafter may belong to bodies corporate as such under the laws of this state. name. 2. And be it enacted, That the objects of the said society Objects of corporation 1 May pur hold real or estate. shall be to assist its sick, disabled or needy members or their families, and to aid in defraying the funeral expenses rendered necessary by the death of any member, or any person in the family of a member. 3. And be it enacted, That for the accomplishment of these chase and objects, or any of them, the said society shall have power to receive by gift, grant, devise, or bequest, and to hold any real or personal estate not exceeding five thousand dollars in value, and the same to loan, let, sell, exchange, or convey in such manner as a majority of said society may deem best not contrary to the constitution and laws of the United States or of this state. Meetings of held. Proviso. 4. And be it enacted, That the meetings of said society shall when to be be held in the county of Bergen at such time and places as the society shall direct; provided, that the first meeting thereof shall convene in the village of Norwood, in the township of Harrington, in said county, on notice of the time and place signed by a majority of the incorporators named in the first section, and set up in five of the most public places in the township of Harrington, in said county of Bergen, one week previous to the time of meeting. 5. And be it enacted, That this act shall take effect immediately. Approved March 26, 1874. Capital increased. CHAPTER CCCCXXIII. A supplement to an act entitled "An act to incorporate the Central Stock Yard and Transit Company," approved February eleventh, eighteen hundred and seventy-three. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That on application in writing of a mastock how jority of the stockholders of said company, the board of directors may increase the capital stock from time to time to an amount not to exceed three hundred thousand dollars; provided, the said company for the privileges herein contained and for the full use and enjoyment of all the powers and priv Proviso. |