Page images
PDF
EPUB

and appurtenances of, or belonging to said corporation, on the best possible terms, to be sanctioned by the board of directors, or a majority of them; provided, that the sum or Proviso. sums so borrowed, shall not exceed a sum equal to twothirds of the amount of the capital stock paid in, or value of the property of said company.

18. And be it enacted, That the said canal shall be menced within three years and completed within six from the passage of this act.

com. Canal when years menced

to be com

19. And be it enacted, That this act shall take effect immediately.

Approved March 26, 1874.

and completed.

CHAPTER CCCCI.

An act to incorporate "The Union Publishing Association."

corporators

name.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That F. F. Patterson, Hamilton Jay, Names of Burk C. Stout, and their associates, successors and assigns, be and they are hereby created a body politic and corporate by the name of "The Union Publishing Association," and Corporate by that name shall have power to acquire by gift, grant, devise, purchase or lease, and hold real and personal property, not exceeding in value one hundred thousand dollars, and to convey, mortgage and lease the same, and by their said name shall have power to sue and be sued, plead and be impleaded, in all courts and places; to make and use a common seal, and alter the same at pleasure, and to make bylaws not inconsistent with the constitution and laws of the United States and this state, for the management of the property, the regulation of the affairs, and the transfer of the stock of the said corporation.

2. And be it enacted, That the general object of said cor- object of poration is declared to be the publishing of one or more corporation newspapers, and the conducting of a general printing and publishing business in the county of Essex.

3. And be it enacted, That the capital stock of said corpo- Capital

stock.

Capital stock deemed personal property.

May purchase and

hold certain prop

erty.

Manage

fairs of as

whom vested.

ration shall be twenty thousand dollars, and may be increased from time to time by the board of directors, to any sum, not exceeding in all, one hundred thousand dollars; that said stock shall be divided into shares of twenty-five dollars each, which shall be subscribed for in such manner, and paid at such time or times, in such manner, in such installments, and upon such notice as the board of directors by their by-laws may direct and appoint, and in case of failure by any stockholder to pay his or her installment or installments, at the time and place appointed by said by-laws for the payment thereof, such stockholder shall, at the option of the board of directors, incur a forfeiture of his or her share or shares, and of all previous payments thereon, for the benefit and use of said association.

4. And be it enacted, That the capital stock of said associ ation shall be deemed personal property, and said shares shall be transferable only on the books of said association, in such manner as said by-laws may direct; and that certifi cates of stock be issued to the stockholders, and that each share of said stock shall entitle the holder thereof to one vote either in person or by proxy.

5. And be it enacted, That it shall be lawful for said corporation, if they shall see fit to purchase, hire or lease, all or any part of the property, assets, rights and effects of any paper, printing company or publishing association, and to give stock in part or full payment thereof.

6. And be it enacted, That the management and disposi ment of af- tion of the affairs and property of said association, shall be sociation in vested in a board of directors, one of whom shall be president; that the number of said board shall not be less than three nor more than five; that the persons named in the first section of this act shall be the directors of said corporation until the first day of September next, and thereafter until others are elected in their stead; that on the first day of September next, and annually thereafter, the directors shall be chosen at such place and on such notice, and at such time as the by-laws of said association shall determine; that the directors so chosen shall hold their office for one year and thereafter, until others are chosen in their stead; that all elections shall be by ballot, and if at any time for any cause it shall happen that no election shall be had at the time herein appointed, the directors for the time being shall continue in office until an election be regularly held, according

to the requirements of the by-laws in that behalf, or by this act; and any vacancy in the board of directors may be filled Vacancy for the unexpired term, by a majority of the same.

how filled.

7. And be it enacted, That the board of directors may ap- Directors point such officers, editors and agents as they may deem may ap necessary, and may, by their by-laws fix their duties and the icers. compensation therefor.

point of

tion how

8. And be it enacted, That said corporation may be dis- Corporasolved at a general meeting of the stockholders, specially dissolved. called for that purpose, thirty days' notice having been given by publishing the call therefor, at least once in each week during said period, in a newspaper published in Essex county; provided, that at least three-fourths in value of all the Proviso. stockholders shall concur therein, and upon such dissolution, the directors for the time being, or such persons as the said stockholders shall, by a majority vote appoint, shall be trus tees for settling all the affairs of the corporation, collecting and disposing of its property and assets, paying its debts and dividing any surplus among the stockholders, in proportion to their respective interest in the capital stock.

9. And be it enacted, That this act shall take effect immediately.

Approved March 26, 1874.

CHAPTER CCCCII.

An act to incorporate the Oneida Boat Club of Jersey City.

corporators

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That James Clarke, H. S. Speers, F. Names of Stevens, George H. Ockershausen, F. D. Schanck, George W. Wheeler, W. T. Walsh, T. B. De Vinne and W. C. Culver, and such other persons as now are or hereafter may be associated with them and their successors, shall be and are hereby constituted a body incorporate by the name of "The Oneida Corporate Boat Club," of Jersey City, in the county of Hudson, for the purpose of engaging in and promoting rowing and other athletic exercises; the principal office of said cor

name.

May pur

hold real

poration to be located in the city of Jersey City, in said county.

2. And be it enacted, That the said corporation is hereby chase and authorized to receive by donation, purchase, or otherwise, and person- and to hold and possess such real and personal estate as it al property. shall deem necessary for the purposes of said corporation, and the same, or any part thereof, to sell, mortgage, lease, or otherwise dispose of at pleasure.

stock.

Capital 3. And be it enacted, That the capital stock of the said corporation shall not exceed the sum of ten thousand dollars, and shall be divided into shares of such amounts, and transferable in such manner, and upon such conditions as the said corporation shall prescribe.

May make 4. And be it enacted, That the said corporation shall have by-laws,&c. power to make and adopt such constitutions, by-laws and

May build wharves, &c.

regulations for the admission, suspension and expulsion of its members, the election of its officers, and to define their duties, and for the general management of its affairs, and from time to time may alter or repeal the same; to adopt a corporate seal, and to change the same at pleasure; and in its corporate name may be sued and may institute suits, both in law and equity, for the recovery of all fines, debts, dues, and arrearages due the said corporation, and for all other causes of action.

5. And be it enacted, That the said corporation shall not be authorized to build any wharves wherein the riparian rights may be affected, without the consent of the riparian commissioners of the state, and shall pay such compensation as shall be fixed by the riparian commissioners for the lands occupied by the said company.

6. And be it enacted, That this act shall take effect immediately.

Approved March 26, 1874.

CHAPTER CCCCXVIII.

An act to incorporate Saint Vincent's Industrial School, in the city of Newark.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the Right Rev. Michael A. Cor- Names of rigan, D. D., Bishop of the Roman Catholic Diocese of New. corporators ark; Very Rev. George H. Doane, Rev. James F. Dalton, Michael Rowe, James Moran, John Ward, Patrick Regan, James Malone, and William Carrolton, and their associates, are hereby constituted a body politic and corporate, in fact and in name, by the name of "Saint Vincent's Industrial Corporate School in the City of Newark," and as such shall have power to purchase, take, hold, receive and enjoy any lands, tenements or hereditaments in fee simple or otherwise, or any goods, chattels, legacies, donations, annuities, or other personal property of what kind or quality soever, by gift, grant, devise, bequest or otherwise, and the same to grant, convey, assign, sell or otherwise dispose of for the purposes of said corporation.

name.

directors

held.

2. And be it enacted, That on the second Monday of Jan- Election of uary next, and annually thereafter there shall be an election when to be of five trustees, who shall hold their offices for one year, and until others are elected in their stead, and who with the Roman Catholic Bishop for the time being, and the Vicar General for the time being, of said diocese, and the Pastor for the time being of St. Joseph's Roman Catholic Church in the city of Newark, shall constitute a board of directors of said corporation hereby created; and said Bishop for the time being, and said Vicar General for the time being, and said Pastor for the time being of said church, shall always be ex-officio directors of the corporation; and said Bishop for the time being, or, in his stead, said Vicar General for the time being, shall be always president, and said Pastor for the time being shall be always vice president of said board of directors; and a majority of the members of said

« PreviousContinue »