CHAPTER CCCI. A Supplement to "An Act concerning Roads." ditional mo 1. BE IT ENACTED by the Senate and General Assembly of May raise adthe State of New Jersey, That the legal voters of road dis ney by tax for trict number two, in the township of Warren, county of Som-road purposes. erset, at their annual meeting for the election of overseers, are hereby authorized to raise any such additional money over and above the township appropriation for the repairs of roads in said district number two as they may deem necessary, not exceeding the sum of five hundred dollars, for the ensuing year; said tax to be assessed and collected in the same manner as other taxes are assessed and collected. repaired by 2. And be it enacted, That overseer or overseers of roads Roads may be in said road district number two are authorized to pay any hired labor. hired laborer or teams for repairing roads in said district the regular wages paid for similar kinds of labor at the time. and pay for work. 3. And be it enacted, That the amount any inhabitant Inhabitant shall forfeit and pay by the thirty ninth section of "An Act shall forfeit concerning roads," to the overseer of the district to which refusal to he is annexed, shall be two dollars for every day he shall neglect or refuse to appear and work at least eight hours, and three dollars for each day's absence of a cart and one horse, and four dollars for each day's absence of a wagon or cart with two or more horses or oxen. 4. And be it enacted, That this act shall take effect immediately. Approved March 17, 1870. Names of corporators. Corporate name. Amount of capital stock. Commission subscriptions CHAPTER CCCII. An Act to incorporate the Jersey City Steamboat Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John A. Post, Michael S. Allison, John Van Horn, junior, Jacob Van Horn, William H. Bumsted and their associates, and all persons who may hereafter be holders of the stock hereinafter named, and their successors are hereby declared and constituted a body politic and corporate, in fact and in law, by the name of "The Jersey City Steamboat Company," and by that name the said corporation shall have succession, with power to sue and be sued, defend and complain in any court of law or equity, and to make and use a common seal, and alter the same at pleasure, may acquire by purchase or otherwise, and hold, lease and convey such real and personal estate, and in general have such rights, privileges and powers appertaining to corporate bodies as may be necessary and useful for the purposes and objects of this corporation. 2. And be it enacted, That the capital stock of the said corporation shall be two hundred thousand dollars, with power to increase the same to double that amount, to be divided into shares of one hundred dollars each. 3. And be it enacted, That the said John A. Post, Michael ers to receive S. Allison, John Van Horn, junior, Jacob Van Horn and William Bumsted, or a majority of them are hereby appointed commissioners to receive subscriptions for said stock, at such times and places in Jersey City, (where their principal office shall be,) as they or a majority of them may direct, giving at least twenty days notice thereof, by publishing the same in at least one newspaper published in Jersey City, in this state; and the said commissioners shall open a book of subscription for said stock, at such times and places, and shall cause the same to be kept open, at the places so appointed at : least three days. Payment of 4. And be it enacted, That at the time of subscribing for installments. the said stock, twenty dollars shall be paid upon each share, or satisfactorily secured, and the residue of the subscriptions shall be paid or secured in such installments, and at such 5. And be it enacted, That when three hundred shares of Election of directors, &c. the said stock shall be subscribed for, the said commissioners' shall call a meeting of the stockholders, giving at least ten days notice of the time and place of said meeting, as is hereinbefore directed with regard to the opening of the books, at which meeting the subscription books shall be laid before the stockholders, who shall thereupon proceed to elect by ballot five directors to manage the affairs of the said company for one year, of which election, the said commissioners, or a majority of them, shall be the judges, and at the expiration of that term, and annually thereafter upon like notice, to be given by the directors, for the time being, the said stockholders shall elect the same number of directors; and at every such election, and in all other cases in which stock. holders shall be entitled to vote, a vote may be given for each share by the holder thereof, in person or by proxy. directors. 6. And be it enacted, That as soon as may be after their Powers of election, the said directors shall elect one of their number' to be president of the said company, and all the affairs, concerns and business of the said corporation shall be managed by the said directors, who or a majority of whom, may supply any vacancy occurring in the interval between the annual.elections, by the death, resignation or refusal to act of any president or director, and shall have power to make all such by-laws, rules and regulations, not inconsistent with. the constitution or laws of this state, or of the United States, for the management of the property, the regulation of the affairs, and the transfer of the stock of this corporation, and to appoint all such officers, clerks, agents and servants, as may be necessary and useful for the ordering, regulating and conducting the affairs of said corporation, and for the safe keeping and protection of its funds and property, and allow them a suitable compensation. 7. And be it enacted, That the capital stock of this com ferable. employed. Stock trans- pany shall be considered as personal property, transferable on the books of the company, and shall be employed as the said board or a majority of them may deem expedient in the Capital, how purchasing, repairing and altering any vessel or vessels propelled by steam, and in the navigation of the same between Jersey City or New York aforesaid, and Richmond, in the state of Virginia, and upon the James river, and the bays and sounds adjacent thereto, in said state of Virginia, or to any port on the Atlantic coast, or for towing at any place, a majority of the stockholders may elect; and in the purchase, repair and building suitable landing places, wharves, and storehouses at Jersey City, New York, or at Richmond, or upon the James river, bays and sounds adjacent thereto, or at any port on the Atlantic coast, which may be necessary for successfully conducting the affairs of the said company; and it shall be the duty of the said board, or a majority thereof, to make from time to time, such dividends of the net profits of the said company as they may deem advisable. 8. And be it enacted, That this act shall continue in force for thirty years unless sooner modified or repealed, and that the legislature may at any time hereafter alter, modify, or repeal the same. Limitation. 9. And be it enacted, That this act shall take effect immediately. Approved March 17, 1870. Increase of CHAPTER CCCIII. A Supplement to the act entitled "An Act to incorporate the 1. BE IT ENACTED by the Senate and General Assembly of capital stock. the State of New Jersey, That the capital stock of the said company may be increased ten thousand dollars, and also that the said company may issue their bonds to an amount not exceeding ten thousand dollars, upon such rate of inter est, not to exceed seven per centum, and negotiate the same upon such terms as the directors of said company may deem advisable. with the 2. And be it enacted, That it shall be lawful for the town May contract committee of the town of Newton, to contract with the said town comcompany for putting up lamps and lighting the same with gas mittee for in the said town of Newton, in such number, in such places, gas. and upon such terms and conditions as the said town committee and company may agree upon, that the said committee or the chairinan thereof may from time to time order or direct, the collector of said town to pay the said company therefor according to the terms that may be agreed on, and the town collector shall pay the same out of any moneys of the said town in his hands, and an amount sufficient to cover the expenses thereof shall be annually assessed and collected in said town, in the mode and manner other moneys are assessed and collected therein. 3. And be it enacted, That this act shall take effect immediately. Approved March 17, 1870. CHAPTER CCCIV. An Act to incorporate the James River Manufacturing Company. rators. 1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That William H. Rossell, Philemon Dickinson, Lewis R. Reading, Richard F. Stevens, S. M. Dickinson, C. B. Rossell and Henry C. Morris, and their associates, successors and assigns, be and they are hereby created a body politic and corporate by the name of "The James River Manufacturing Company," for the purpose of Corporate manufacturing, in the state of Virginia or elsewhere, tanning materials, from wood, bark or other substances, and of selling the same and other articles connected with said business; name. |