created may be dissolved by a general meeting of the stock- ers. 8. And be it enacted, That the corporation hereby created General powsha) possess the general powers and be subject to the general' restrictions set forth in an act entitled "An act concerning corporations," approved on the fourteenth day of February, eighteen hundred and forty-six, so far as the same may be applicable. 9. And be it enacted, That this act shall take effect immediately. Approved February 8, 1870. CHAPTER XVI. A Supplement to the act entitled "An Act for the Preservation of Sheep." approved April fourteenth, eighteen hundred and forty-six. act. 1. BE IT ENACTED by the Senate and General Assembly of Extension of the State of New Jersey, That the first, second, third, fifth," seventh and eighth sections of the act entitled "An Act for the Preservation of Sheep," approved April fourteenth, eighteen hundred and forty-six, shall not extend to, or be in force in the township of Montague, in the county of Sussex. 2. And be it enacted, That all acts and parts of acts in Repealer. consistent with the provisions of this act be and the same are hereby repealed, that this act shall be declared to be a public act, and shall take effect immediately. Approved February 8, 1870. Preamble. Empowering trustees to take charge of fund, &c. CHAPTER XVII. An Act for the relief of poor widows in communion with the WHEREAS, Luther Goble, deceased, late of Newark, devised by his will, to the executors thereof, certain lands in Newark, in trust for the benefit of poor widows in communion with said church; and the said executors, by authority of an act of the legislature of this state, passed February twenty-fourth, eighteen hundred and fifty-nine, sold the said lands and invested the proceeds thereof, as directed. by said act, for the same uses and purposes; and since the said sale all the said executors have died, and there is no person authorized or disposed to take the charge and care of said fund; for remedy whereof, * 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the trustees of the Third Presbyterian Congregation, in Newark, and their successors, be, and they are hereby authorized and empowered to take the charge and care of the said fund, for the uses and purposes before mentioned, to invest the same either in bond and mortgage or in other good and safe securities, and to pay the net interest or income thereof to the minister and session of said church for the time being, to be used and applied for the benefit of the said poor widows, as directed by the said donor, and by the said act above mentioned. 2. And be it enacted, That this act shall take effect immediately. Approved February 8, 1870. CHAPTER XVIII. An Act to incorporate the Yantacaw Ice Company. porators. 1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That Joseph Kingsland, junior, Richard Kingsland, Abram W. Van Riper, Cornelius G. Vreeland, Arthur G. Hoffman, Joseph A. Dobbins, Thomas Wolfe, Isaiah C. Wolfe and William G. Schmitt, and such other persons as may associate with them, shall be, and they are hereby declared to be a body corporate and politic, in fact and in name, by the style and title of "The Yantacaw Corporate Ice Company," and shall be capable of suing and being sued me. at law and in equity, in all respects as natural persons; that they may gather and store ice, to be sold to the citizens of this state and of adjoining states, and to buy, hire, lease and hold all such property, real and personal, as the needs of the business of said company shall require, wherever their said business shall be carried on, and to dispose of the same at their pleasure. Ace. 2. And be it enacted, That the said company shall locate Principal oftheir principal office in the county of Passaic or in the county of Essex, as they shall deem best. 3. And be it enacted, That the capital stock of the said Amount of company shall be one hundred thousand dollars, and shall be capital stock. divided into shares of one hundred dollars each, which shall be deemed personal property, but the same may be increased to two hundred and fifty thousand dollars, by a vote of the board of directors. ers to receive 4. And be it enacted, That the persons above named, or a Commissionmajority of them, shall be commissioners to receive subscrip subscriptions. tions to said capital stock, at such times and places as they shall appoint, giving five days' notice of such time and place in one or more newspapers published in the city of Newark; and when one hundred shares of said stock shall have been subscribed for and ten dollars on each share so subscribed for paid to said commissioners, they shall call a meeting of the subscribers to such stock for the purpose of organizing the company by the election of directors; and when the rectors. Election of di- board of directors is organized by the appointment of a president and other proper officers, the commissioners shall deliver to such president all moneys, papers and property in their possession and relating to said company; and if the subscribers to said stock fail to elect directors as herein provided, the persons above named shall be directors for one year and until others are lawfully chosen. Business, how managed. Payment of installments. May issue stock in exchange for property. When company may com 5. And be it enacted, That the business of the said company shall be managed by a board of directors, not less than five nor more than seven in number, each of whom shall be a stockholder in said company; that said board may elect all such officers as they deem necessary, and may appoint such agents and subordinates as in their judgment are required in their said business; that the directors and president shall hold office for one year and until successors are legally chosen in their stead; that elections for directors shall be held at such time and place and upon such notice as the directors by their by-laws shall direct. 6. And be it enacted, That a majority of the board of directors shall have power to transact all the business of the company, to call in all installments on the stock subscribed for in such amounts and at such time as they may direct, giving to each subscriber twenty days' notice, either personally or by a general publication in one or more newspapers published in the city of Newark, and also to declare forfeited to said company all shares upon which default in paying installments shall arise, and all previous payments thereon. 7. And be it enacted, That the said company shall have power to issue stock to subscribers and others in payment, or in exchange for any property real or personal, or for any estate therein when the same shall be required, or proper to be used for and in the conducting of the business of the said company, and to receive the same in payment of subscriptions to the stock; that stock shall be transferable in such manner as said by-laws shall direct, and no transfer thereof shall be valid until the same is duly entered on the books of the company, and that no dividend shall be declared except out of the net profits of the company. 8. And be it enacted, That when stock to the amount of mence opera- ten thousand dollars shall have been subscribed for and paid in, it shall be lawful for said company to begin their operations under this act. tions. 9. And be it enacted, That said company may erect, build, horse railroad maintain and operate a horse railroad from any point in the May build a county of Passaic, or in the county of Essex, where they may have an ice depot to a point in the Passaic river in either of said counties for the transportation of ice exclusively; provided always, that they first obtain the consent of the Proviso. owners of the land over which they propose to lay said railroad, to the building, maintaining and operating such railroad. 10. And be it enacted, That this act shall take effect immediately, and shall continue in force for thirty years. Approved February 8, 1870. CHAPTER XIX. A Supplement to an act entitled "An Act to incorporate a company to improve and encourage the Agricultural, Horticultural, and the Mechanical, Manufacturing and Scientific Arts and Productions, and the improvement of Blooded Stock of all kinds, of this State and of other States, at their discretion," approved March twenty-ninth, eighteen hundred and sixty-five. WHEREAS, The persons named in the first section of the said Preamble. act to which this is a supplement, were thereby constituted a body corporate and politic, by the name of "The Long Branch and Sea Shore Improvement Association," with the rights, privileges and franchises in the said act mentioned and prescribed, and the said corporation through inadvertence, have omitted to pay the tax and assessment imposed upon their said act of incorporation, by the act entitled "An Act to increase the revenue of the state of New Jersey," approved March sixth, eighteen hundred and fifty-eight; and whereas, William D. Davis, one of the corporators named in the said first section of the said act, hath departed this life since the approval thereof; therefore, |