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AN ACT for the relief of John Colt and Eliza his wife.
WHEREAS Elisha Boudinot, late of Newark, in the county of Preamble.
Essex, deceased, in and by his last will and testament, bearing date the tenth day of June, one thousand eight hundred and nineteen, did give and devise unto Elias Boudinot, Richard Stockton, Stephen N. Bayard, and Elias E. Boudinot, Esquires, the executors and trustees in his said will named, two certain lots of land, situated in Newark aforesaid, and bounded north by a lot sold to Henry Holden, east by Mulberry street, south by Smith street, and west by Division street, to be held by the said trustees, and the survivor of them, in fee-simple, in trust, nevertheless, for the use of Eliza P. Colt, one of the devisees and legatees of the said will, as is in the said will particularly set forth.—AND WHEREAS an undivided share of certain other lots of land, about the town of Newark, was also devised to the said trustees, and the survivor of them, in trust, for the like use of the said Eliza P. Colt; which said lots of land have been divided pursuant to the directions of the will, and the share devised for the use of the said Eliza P. Colt is now held and enjoyed in severalty—AND WHEREAS the said Elias E. Boudinot is now the only surviving executor and trustee of the said will, and it is represented to the legislature, that it is expedient and beneficial for the purposes of the trust that the said lots of land so held, as aforesaid, in trust for the said Eliza P. Colt, should be sold and converted into money, which should be held upon the like trusts; but that the said surviving executor and trustee is not empowered, by the will, to make sale thereof, and John Colt and the said Eliza P. Colt, his wife, have prayed the aid of the legislature in the premises
Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That the said Elias E. Boudinot, surviving trustee, as aforesaid, be, and he is hereby authorized to sell and convey, Trustee an. in fee-simple, the said several lots of land herein before men- thorized to tioned and held in severalty, in trust for the said Eliza P. Colt, sell lands for under and by virtue of the will of the said Elisha Boudinot: Eliza P. Colt. Provided, that the consent of the said John Colt and Eliza P. Colt to the said sale shall be endorsed on the deed or deeds of Conveyance for the same, and shall be subscribed by them: And provided, the said deed or deeds of conveyance shall vest in the purchaser or purchasers, only, such right, title, and interest as the said Elisha Boudinot was seized of at the time of his death Sec. 2. And be it enacted, That the said Elias E. Boudinot
How proshall place the moneys arising from the said sales at interest, ceeds to be in such manner as shall render the same most secure and pro- disposed of.
ductive, and shall hold the same, and dispose of the proceeds thereof, or permit the same to be disposed of, upon the like trusts, terms, and conditions, and in the same manner as the other trust funds held for the use of the said Eliza P. Colt are, by the said will of the said Elisha Boudinot, directed to be held, used, and disposed of.
Passed February 1, 1833.
AN ACT to authorize a trustee, therein named, to sell real estate in the
city of Burlington.
WHEREAS Horace Binney, of the city of Philadelphia, by deed,
dated November sixth, eighteen hundred and twenty-six, did grant and convey to Mary Binney a certain dwelling house and four lots of ground in the city of Burlington, particularly described in the said deed, in trust for the sole and separate use of Susan Wallace, wife of John B. Wallace and sister of him the said Horace, during her natural life, and, after her death, to the use of her two daughters, Susan Bradford Wallace and Mary Binney Wallace, in case they survived her; and in case either of them died in the lifetime of their mother, leaving children, to the use of the survivor and such children; and in case of the death of both of them without children, living their said mother, to the use of John William Wallace and Horace Binney Wallace; which said property the said Mary Binney, by deed dated the same day and year endorsed on the other, reconveyed to the said Horace Binney on the same trusts, as by the said deeds of conveyance, recorded in the clerk's office for the county of Burlington, in the book T 2 of Deeds, page 422, &c., will more fully and particularly appear.—AND WHEREAS, from the present circumstances of the said property, and the cestui que trusts thereof, it would be for their benefit that the said property should be sold, and the proceeds thereof invested in other property, to be holden on the same trusts-And WHEREAS the above named Susan Wallace, Susan B. Wallace, and Mary B. Wallace, the persons immediately interested in the said property, and who, according to the ordinary calculations of human life, are to be benefited by the said trusts, have, by their petition to the legislature, set forth the above stated facts, and expressed their desire to have the said property sold accordingly; and the said Horace Binney, the grantor of the said property and founder of the said trusts, has expressed his assent thereto, but because
there may possibly arise contingent interests, by the death of the said Susan B. Wallace or of the said Mary B. Wallace, during the life of their said mother, leaving children, or by the death of them both in the life of their said mother, living their said brothers, or by the death of them both in the life of their said mother, living their said brothers, which contingent interests would not be barred by any conveyance that can now be made by the parties interested, without legislative aid; but which contingent interests, should they ever come into being, will be benefited by the sale of the said property, and the investing of the proceeds as aforesaid- In order, therefore, to effectuate the objects aforesaid,
Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That the said Horace Binney, the trustee of the property Trustee auaforesaid, be, and he hereby is authorized and empowered to
sell lands congrant, bargain, and sell the said messuage and lots in the city veved to Hoof Burlington, in the said deed of the sixth of November, eigh- race Binney teen hundred and twenty-six, described and set forth, or any in trust. part or parts thereof, and to convey the same to the purchaser and purchasers thereof in fee-simple, or for such other estate as he may grant therein, freed and discharged from, and divested of, any contingent interests or estates which may or might possibly come into being or operation under and by virtue of the deed aforesaid, and to give to the purchaser or purchasers full and sufficient receipts, acquittances, and discharges for the consideration money thereof; and the said purchaser and purchasers thereof shall hold the same, or the parts and parcels thereof purchased by them, in fee-simple, or for such other estate as they may purchase therein, freed, discharged, and divested of and from all and every such contingent interests or estates as aforesaid: and it shall be the duty of the said Horace Binney to invest the proceeds arising from the sale of To vest prothe said property in some productive fund, or in other real ceeds upon estate, upon the same trusts upon which the said property is same trusts. now holden.
Passed February 1, 1833.
AN ACT to incorporate the Resolution Fire Company of Princeton.
SEC. 1. BE IT ENACTED by the Council and General Assembly of this state, and it is hereby enacted by the authority of the same, That Charles M. Campbell, James Powell, John L. Thompson, David N. Bogart, William R. Murphy, Abraham Stryker, John Scudder, Charles G. Hollingshead, and William
Joline, and all such other persons as are, or hereafter shall be
come associates of the Resolution Fire Company of Princeton, Style of incor
be, and they are hereby constituted and declared to be a body poration.
politic and corporate, in fact and in law, by the name of the Resolution Fire Engine Company of Princeton."
Sec. 2. And be it enacted, That the said corporation, by such name, shall have perpetual succession, and be a body
politic and corporate in law, capable of suing and being sued, Powers.
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, respectively, may have and use a common seal, and have power to make, change, and alter the same at pleasure, and, by their common seal, may make, enter into, and execute any contracts or agreements touching and concerning the objects of said corporation, and shall have full power and authority to make, form, and adopt such by-laws and regulations for their government, not inconsistent with the constitution and laws of this state or of the United States, or the provisions of this act, as they shall think proper.
SEC. 3. And be it enacted, That the capital stock of said Amount of company shall not exceed the sum of one thousand dollars, capital stock. which shall be solely and exclusively applied to the procuring,
repairing, and maintaining the engine, hose, reservoirs of water, ladders, buckets, fire-hooks, and other implements and machines, and to such other incidental expenses as shall to the said company appear best calculated to secure the property of the citizens of Princeton from injury or destruction by fire.
SEC. 4. And be it enacted, That the said company shall
have power to elect, annually, a president, vice-president, Officers to be a secretary and a treasurer, from their own body, and such elected.
other officers and assistants as they shall find 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.
Sec. 5. And be it enacted, That it shall be lawful for the Act may be council and general assembly of this state, at any time hereamended or after, to amend, modify, or repeal this act, as they shall think repealed.
Passed February 1, 1833.
AN ACT to repeal the fifth section of an act entitled, “A further supple
ment to an act entitled, an act to enable the owners of tide swamps and marshes to improve the same, and the owners of meadows already banked in and held by different persons, to keep the same in repair,” passed the seventh day of March, one thousand eight hundred and thirty-two.
Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That the fifth section of an act, passed the seventh day of
Y of former act of March, one thousand eight hundred and thirty-two, entitled, repealed. “ A further supplement to an act entitled, an act to enable the owners of tide swamps and marshes to improve the same, and the owners of meadows already banked in and held by different persons, to keep the same in repair,” be, and the same is hereby repealed.
Passed February 2, 1833.
AN ACT to incorporate the Passaic Turnpike Company.
Sec. 1. BE IT EXACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That Caleb M. Godwin, John B. Roe, John Vail, Ezekiel Miller, and Evert H. Vanness, or a majority of them, be au- Commissionthorized, as commissioners, to receive subscriptions for erect- ers to receive
subscriptions ing a turnpike road, not exceeding four rods wide, in the coun- for stock. ty of Essex, from Paterson to the Little Falls, and, for that purpose, that they open books, at such times and places as they may think proper, giving notice thereof in one of the papers printed in the town of Paterson, at least four weeks before the time of opening the same.
SEC. 2. And be it enacted, That such subscription shall con- Amount of sist of six hundred shares, of twenty dollars each, and that two capital. dollars on each share shall be paid to the commissioners at the time of subscribing, and the residue shall be paid by the subscribers, their executors, administrators, or assigns to the said company, by such installments as the president and directors How installshall order and appoint: Provided, that no installment to be ments are to called shall exceed the sum of five dollars on each share, and be paid that four wecks' notice of the time of payment shall be given, by advertisement in one of the papers printed in the town of Paterson; and that as soon as two hundred shares of said stock shall be subscribed, it shall be lawful for said commissioners to call a meeting of said stockholders, to be holden at such time