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Sec. 3. Jlnd be it enacted, That the act entitled " An act to confirm the division of certain real estate, between the heirs of Isaac Berdan, deceased," passed November the Former seventh, in the year of our Lord one thousand eight hundred pealed, and thirty-four, be, and the same is hereby repealed.
Passed January 20, 1835.
AN ACT for the relief of the heirs of Lctitia Burroughs,
Whereas, it is represented to us, by the petition of Jacob Ege, and Pamela his wife, late Pamela Baldwin, and Zeruah Waters, heirs and devisees of Letitia Burroughs, deceased, that in the month of June, eighteen hundred and twenty-eight, the said Letitia Burroughs died, leaving a last preamb|e. will and testament, devising all her real estate to Pamela Baldwin and Zeruah Waters, to be equally divided between them, share and share alike, the survivor, in case of the death of either of them, without heirs, to take the whole; and if both died without heirs, the said real estate is bequeathed to the school fund of the state, for educating the poor in Pennington: And Whereas, Pamela Ege, one of the heirs aforesaid, is married, and the other still living; and the probability of both the devisees dying without heirs, is very remote; and the property being in much need of repairs, and of inconsiderable value, (being a small house and lot in the township of Trenton;) And Whereas, the said devisees are unable to keep the said * premises in repair, while this contingency of the state's right remains; and it would greatly benefit the said heirs • and the said property, to have the same removed and extinguished; 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 real estate devised by the will of Letitia Right of the deBurroughs, deceased, to Pamela Baldwin and Zeruah Waters, JJJJ? ic!*"*1" upon certain conditions therein specified, be, and the same is hereby vested in the said devisees, in fee simple, and all right and title of the state, to the said bequest, is hereby released, and declared to be forever extinguished, in the same manner, as if the same had been devised by said will, in fee simple.
Passed January 22, 1835.
AN ACT to amend an act, entitled "An act to incorporate the Farmers' and Mechanics' Bank at New-Brunswick."
Whereas, it appears that in the passage of the original act incorporating "The Farmers' and Mechanics' Bank at New-Brunswick," a mistake occurred, in the omission of certain parts of the act, of material consequence, and which mistake, it is supposed took place in copying the bill on re-engrossing; And Whereas, it is proper the error should be corrected, and the stockholders holding a majority of the stock of said Bank, having petitioned the Legislature to that effect; 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 following section and words omitted in the act entitled "An act to incorporate the Farmers' and Mechanics' Bank at New-Brunswick," viz. " And be it enac
Limitation of *e<^' l^at t'1's act sna" con,'nue 'n force, until the first day of charter. January, one thousand eight hundred and fifty-five, and no longer; and further, that it shall and may be lawful for the Legislature may Legislature of this state, at any time hereafter, to alter, modiact?f'fncorpc- fy or repeal this act, whenever, in their opinion, the public ration. good requires it," shall be deemed and taken to be a part of
the said original act, and are hereby enacted and made part .of the said act, the same as though said section and words had been passed with the said original act.
Sec. 2. And be it enacted, That the words " books of the certain terms in corporation" in the seventeenth section of said act, shall be the charier ex- construed and taken to mean, the transfer books of the said plained. corporation; and that the word transfer be, and the same is hereby added, so as to read the " transfer" books of said corporation, shall at all times during banking hours, be open for the inspection of the stockholders.
Passed January 22, 1835.
AN ACT to enable the President and Directors of the Paterson Bank, to settle the outstanding debts and credits of said Bank, and for other purposes.
Sec. 1. Be It Enacted by the Council and General Assembly of ihis state, and it is hereby enacted by the authority of the same, That the President and Directors of the Paterson Bank, and their successors, be, and they are hereby am ho- nirWeod to be rized and required, to declare a dividend of the property made or pro. * which belongs to the said Bank, at the time of its suspending f^rpayment.
Sec. 2. And be it enacted, That in order to enable the President and Directors aforesaid, to settle and close the old concerns of said Bank, and ascertain the true amount to be divided among the stockholders thereof, it shall be lawful for them, four weeks previous notice being given, in a newspaper printed in Paterson, and one in the city of New-York, to sell J0rii'r,y 10 ta and dispose of, at public aution, all the goods and chattels, lands and tenements, which still remain undisposed of, and to assign, set over, transfer and convey the same, to the purchasers thereof, and to dispose of the rights and credits of the said Bank to the best advantage, and to transfer the same.
Sec. 3. And be it enacted, That upon payment or tender of payment of said dividends, to the stockholders of said Bank, the several shares of said stock, upon which payment UHSJJ^j!'ur of said dividend shall be made or tendered as aforesaid, shall stockholder on be surrendered, and the holders thereof shall have no further JJjjjjTM!*"claim by reason thereof, upon the present President, Directors and company of the Paterson Bank, nor upon their successors or assigns; Provided however, that this section shall not apply to those stockholders who have paid the additional capital, in order to enable the said Bank to resume its operations; and provided further, that nothing in this act shall be so construed as to interfere with, or in any wise impair the rights of the stockholders of the original stock, as against the original President, Directors and Company of the Paterson Bank.
Sec. 4. And be it enacted, That the act entitled "An Act supplementary to an act passed the twenty-sixth day of January, in the year of our Lord, one thousand eight hun- Limiiaiion or dred and fifteen," passed the second day of February, one f,rn"'r thousand eight hundred and sixteen, be, and the same is hereby continued, until the sixteenth day of February, one thousand eight hundred and forty-two, and from thence, to the end of the next session of the Legislature, and no longer.
Passed January 22, 1835.
AN ACT to authorize Priscilla Sheppard, widow and administratrix, and Nathan Sheppard, administrator of Robert R. Sheppard, deceased, to execute a certain contract, made by said deceased, with Josiah M. Reeve, William F. Reeve and Emmor Reeve, of the county of Salem, for the sale of Real Estate.
Whereas, it appearing to the Legislature, that Robert R. Sheppard, deceased, late of the township of Mannington, in the county of Salem, in this state, who died intestate, Preamble, did in his life time, make an agreement with Josiah M.
Reeve, William F. Reeve and Emmor Reeve, to sell a certain tract of land, to the said Josiah M. Reeve, William F. Reeve and Emmor Reeve, of one acre, situated in the township of Upper Alloways Creek, which land Kobert R. Sheppard, deceased, in his life time, purchased of one Mason S. Gibbons and wife, as by their deed will appear; and gave the said Reeves possession of said tract of land, who has since possessed the same, but no conveyance has ever been executed for the same; and the said Kobert R. Sheppard, having since departed this life, leaving issue under age of twenty-one years, no deed can now be executed without Legislative aid; And Whereas, the administrators of the said Robert R. Sheppard, deceased, have, by their petition, requested that they be empowered to make a deed to the said Josiah M. Reeve, William F. Reeve and Emmor Reeve, for the tract of land aforesaid; Therefore,
Sec. 1. Be It Enacted by the Council and General AssentAdminiiir»tori bly of this state, and it is hereby enacted by the authority of °frd ^thoriwd ^e same< That Priscilla Sheppard, administratrix, and Nafoareiecuie°a" than Sheppard, administrator of the said Robert R. ShepMiTonandt 'h* Parc'> deceased, be, and they are hereby authorized and empowered, to execute and deliver to the said Josiah M. Reeve, William F. Reeve and Emmor Reeve, a deed for the said tract of land and premises, pursuant to said agreement between them and said deceased; which deed, shall have the same force and effect, as a deed from the said Robert R. Sheppard, in his life time, would have had; and also, to receive the purchase money which remains unpaid, and distribute it among the several heirs of the said Robert R. Sheppard, deceased, as by law they are required to distribute other money belonging to said estate.
Passed January 27, 1835.
A SUPPLEMENT to an act entitled '* An act to incoporate the New-Jersey Insurance Company in the County of Essex."
Sec. 1. Be rr Enacted by the Council and General Assembly of this state, and it is hereby enacted by the authority Compnny may of the same, That it shall and may be lawful for the said ^"aao' Company (in addition to the privileges granted in the act to which this is a supplement,) to purchase annuities.
Sec. 2. And be it enacted, That the stock, property, affairs, and concerns of the said company, shall be managed Number of diand conducted by twenty-five directors, who may respective- recU,r*' ly hold their offices for one year, and until others may be chosen, and no longer; which directors shall, at all times during their continuance in office, be stockholders in their own right, and shall be citizens of New-Jersey; and the said directors Is' «'"'»"» shall be hereafter elected on the last Tuesday of January, in each and every year, at such hour of the day, and at such place in the town of Newark, as the board of directors, for the time being,shall appoint; of which election public notice shall be given in the newspapers, printed in the town of ^deof'.l^So^ Newark, at least two weeks previous to such election; and of directors every 3uch election shall be made by ballot, and by a plurality of the votes of the stockholders then present, or represen. ted by their proxies; but no share shall entitle the holder to vote, unless the same has been held by him at least twenty days next immediately preceding such election, nor unless such stockholder be a citizen of the United States; and it shall be lawful for the commissioners named in the eighth section of the act to which this is a supplement, or a majority of them, after the capital stock of the said company shall be subscribed for, to give public notice in the manner herein before prescribed, of an election by the stockholders, of the first directors of the said company, to be made on such day and at such hour of the day, and at such place in the town of Newark, as the said commissioners shall appoint; and the said election shall be made by ballot, and by a plurality of the votes of the stockholders then present or represented by their proxies, the number of votes of each stockholder at the said election, shall be estimated in the manner provided in the eleventh section of the act to which this is a supplement; and the said commissioners shall be judges of the said election, and shall conduct and regulate the same; and the directors chosen at the said election, shall respectively hold their offices until the last Tuesday in January, in the year of our Lord, one thousand eight hundred and thirty-six, and until others are chosen in their stead; and shall, as soon as convenient after their election, proceed to choose out of their President to bo own body, one person to be President, who shall be an in- cboWB"