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receive of the said John H. Disborough, the sum of fifty dollars in payment of the said consideration, and did cause a deed of conveyance to be drawn to convey the said lot of land to the said John H. Disborough, but by his sudden death was prevented from executing the same; AND WHEREAS, Alice Vanderhoof, the wife of the said John H. Vanderhoof, hath, by her petition, prayed that a law may be passed to authorize Aaron Gulick, Esquire, of the township of South Amboy, and county aforesaid, to complete the said contract of her said husband, and after deducting his reasonable expenses, to pay over the residue of the said purchase to her, for her own and her children's use; AND WHEREAS, the said John H. Vanderhoof, departed this life without making any last will or testament, and without leaving sufficient estate to induce any administration to be taken thereon, or to defray the expenses thereof, leaving his said wife Alice Vanderhoof, and two minor children-Therefore,

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 Aaron Gulick, Esquire, of the township of South Amboy, in the county of Middlesex, be, and he is hereby authorized to execute and deliver to the said John H. Disborough, a deed for the above mentioned lot of land, according to the terms of the said agreement, and that the said deed of the said Aaron Gulick, shall have the same force and effect as if the same had been executed by the said John H. Vanderhoof, in his life time; and the moneys received by the said Aaron, on account of the said sale or conveyance of the said lot of land, be paid to the said Alice Vanderhoof, for the benefit of the said Alice and the children of the said John H. Vanderhoof.

Passed February 13, 1834.

Authorized to convey lot of land.

AN ACT to extend an act entitled “ An act to incorporate

a bank at Paterson,” passed the sixteenth day of February, eighteen hundred and fifteen.

Sec. 1. BE IT ENACTED by the Council and General Assem

bly of this state, and it is hereby enacted by the authority of the Charter of Pa. same, That the act entitled “ An act to incorporate a bank at torson bank ex. Paterson,” passed the sixteenth day of February, in the year lendet,

of our Lord one thousand eight hundred and fifteen, be, and the same is hereby extended and declared to be continued until the sixteenth day of February, in the year of our Lord one thousand eight hundred and forty-two, and from thence to the end of the next session of the legislature, and no longer; Provided, that the said bank shall not resume banking operations, unless the stockholders shall actually and bona fide pay in, in addition to the capital now on hand, at least seven

on thousand dollars ty-five thousand dollars, in specie or notes of the bank of the additional capiUnited States, or notes of the banks of this state, or of the

paid in. city of New York, which pay their notes in specie on demand; and said bank shall not issue any notes or bills, until an affidavit by the president and cashier, shall have been made and

hall have been made and Act may be alfiled in the office of the secretary of state, to that effect, and tered or repeal. that the legislature may at any time hereafter, for good cause, ed. alter, amend or repeal this act.

Passed February 14, 1834.

tal to be first

A FURTHER SUPPLEMENT to an act entitled “ An act

to incorporate a company, to extend the Paterson and Hamburgh Turnpike to the Hudson river,” passed February sixteenth, one thousand eight hundred and sixteen.

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 time for completing the road and bridges of the said company shall be, and the same is hereby extended to the eighteenth day of February, in the year of our Lord one thousand eight hundred and forty.

Passed February 15, 1834.

AN ACT to incorporate the Plainfield Mutual Assurance

Fire Company, of Plainfield, Essex county. WHEREAS, Jacob Manning, Nathan Vail, Randolph Dun

ham, Joseph D. Shotwell, James Leonard, and others, inha

ration.

bitants of the counties of Essex and Middlesex, have, by

their petition to the Legislature, set forth the great advanPreamble. tages that would result from an act of incorporation, ena

bling them and others, their associates, to insure their build ings and other property, against loss or damage by fire; and it appearing to the Legislature that the prayer of the petitioners is reasonable, and ought to be granted—Therefore,

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 Jacob Manning, Nathan Vail, Randolph Dunham, Joseph D. Shotwell, James Leonard, and others their associates, successors and assigns, shall be, and hereby are ordained, constituted, and declared to be a body corpo

rate and politic, in fact and in name, by the name of “ The Style and ob- Plainfield Mutual Assurance Fire Company;" the office thereof ject or incorpo- to be located in the village of Plainfield; and by that name

they and their successors, shall and may have succession, during the continuance of this act; and shall 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 and places whatsoever, in all 'manner of actions, suits, complaints, matters, and causes whatsoever; and that they and their successors may have a common seal, and may change and alter the same at pleasure; and also, that they and their successors, by the name of “ The Plainfield Mutual Assurance Fire Company," shall be, in law, capable of purchasing, hold

ing, and conveying, any estate, real or personal, for the Proviso,

use of the said corporation; Provided, that the lands, tenements, and hereditaments, which it shall be lawful for the said corporation to hold, be only such as shall be requisite for the purpose of erecting buildings thereon, in which to meet, and to transact the business of the said corporation, or such as shall have been bona fide mortgaged to it, by way of security, or conveyed to it in satisfaction of debts previously contracted in the course of its business, or purchased at sales on judgments which shall have been obtained for such debts; and with regard to all such lands, tenements, and hereditaments, so to be held by the said corporation, as aforesaid, except such as may be for its immediate accommodation as aforesaid, or such as it may hold by way of mortgage, and whereof the actual possession shall be, and remain in the mortgagors, their heirs or assigns, the said corporation shall be bound to sell and dispose of the same respectively, within five years after it shall acquire the same, and shall not be capable of holding the same after the expiration of the said five

years. Corporation not Sec. 2. And be it enacted, That the said corporation shall working not, directly, or indirectly, deal, or trade in buying or selling er selling slocks. any goods or commodities whatsoever, or in buying or selling

to be

offica.

any stock, created by any act of the Congress of the United States, or any individual state, unless by purchasing for the purpose of investing its capital stock, or any part thereof in the same, and in selling the goods and commodities and stock so purchased, or when such stock shall have been duly pledged to it by way of security of debts to the corporation, or for the payment of their deposites.

Sec. 3. And be it enacted, That it shall not be lawful for President or die the president, or a director of any other Insurance Company, rector of any engaged in insuring houses, stores, and personal property, company disagainst loss by fire, to be president or director of the compa- qualified from ny incorporated by this act.

Sec. 4. And be it enacted, That the property and concerns of the said corporation shall be managed and conducted by fifteen directors, all of whom shall be citizens of this

Time and mode state, to be chosen by ballot, by and from among the mem- of choosing dia bers, to hold their offices for one year, and until others are reclors. chosen to fill their places; and that the election for directors shall be held on the second Monday in March, in every year, between the hours of ten in the forenoon, and six in the after. noon, at such place as the majority of directors for the time, being shall appoint, and public notice shall be given by the secretary, by advertisements, set up in four of the most public places within the bounds of the said corporation, at least ten days previous to the time of holding said election; and if any of the said directors shall die, or refuse to serve, or neglect to act in their said office, for and during the space of six months successively, then, and in every such case, another director shall and may be chosen in the place of said director so dying, refusing, or neglecting to act as aforesaid, by a majority of the directors, or such of them as shall be present at their next meeting of the corporation, after such vacancy shall happen, which person so appointed, shall be a director until the next general election; and in case it should happen that an election of directors should not be held on any day, when pursuant to this act it ought to have been held, the said corporation shall not, for that cause, be deemed to be dissolved, but it shall and may be lawful on any other day, to hold an . election of directors in such manner as the by-laws of the said corporation shall have prescribed; and until an election of directors shall be had according to the provisions of this section, the following persons shall be directors, namely, Jacob Manning, Randolph Dunham, Nathan Vail, James First directors. Leonard, Robert Anderson, Zachariah Webster, Randolph M. Stelle, Joseph D. Shotwell, Alexander Wilson, David Dunn, Daniel C. Shotwell, Daniel Shotwell, Noah Drake, Laing Webster, and Elisha Runyon.

Sec. 5. And be it enacted, That it shall and may be law- What property ful for the said corporation to ensure houses, stores and other may be insured.

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buildings, together with all kinds of household furniture,

goods, wares and inerchandise. Mode of pay

Sec. 6. And be it enacted, That every person who shall ment of pre- be a member of this corporation, shall pay in advance from miums by m bers of the cor

the commencement, the annual premiums required by the poration. by-laws of said company for eight years, whereupon, he, or

she, shall be considered as insured for, and during the time ·
that the said corporation shall continue to exist, without any
further payments, unless the hazard should be increased or
the losses sustained by the said corporation, should exceed
the interest of the funds already paid in; and if such losses
should occur, it shall and may be lawful for the board of di-
rectors, for the time being, to require such further premiums
from the members of said corporation, to be paid to the secre-
tary thereof, as shall be equivalent to the sum taken from the
eight premiums aforesaid occasioned by such losses; Provided,
that any member may withdraw from said corporation, at
any time he or she may desire, and shall not be liable to pay
any otherosum or sums of money, or any other tax or assess-
ment than that or those already paid before he or she with-
drew from the said corporation; Provided further, that the
right of any member shall be transferable, and the person or
persons to whom the transfer may be made, shall be admitted
as a member of the said corporation, with the consent of the
directors, for the time being, but in case of failure of any
member, or his assignee, to pay such additional premium,
within sixty days after notice thereof, in writing, by the secre-

tary, the premiums already paid in shall be forfeited. Qualification of Sec. 7. And be it enacted, That from and after the passing membership. of this act, no person shall be admitted as a member, and

entitled to all the benefits and privileges of the said corporation, unless he or she shall first pay, or cause to be paid to the secretary thereof, the same amount of premium with the interest accrued thereon, as is already paid to the said corporation by the first insured members thereof, nor shall any person be admitted as a member after the expiration of two years from the passing of this act, but any person or persons applying may have their property insured, by paying or causing to be paid to the secretary, such preinium as may be required by the by-laws of the said corporation.

Sec. 8. And be it enacted, That the directors of the said No compensa

s, corporation shall not take or receive any compensation for their services as directors...

Sec. 9. And be it enacted, That the directors for the time Powers and du- being, or a majority of them, shall have power to make or

prescribe such by-laws, rules, and regulations, as to them shall apper needful and proper, touching the management and disposition of the stock, property, estate, and effects of the said corporation, and touching all such other matters as

tion to directors,

ties of directors,

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