Preamble. pard authorized to execute a contract for the sale of lands. 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, 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 Robert 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 Robert 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 AssemAdministrators bly of this state, and it is hereby enacted by the authority of of R. R. Shep the same, That Priscilla Sheppard, administratrix, and Nathan Sheppard, administrator of the said Robert R. Sheppard, 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 be tween 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 Es sex." Sec. 1. BE IT ENACTED by the Council and General Assembly of this state, and it is hereby enacted by the authority Company may of the same, That it shall and may be lawful for the said purchase anCompany (in addition to the privileges granted in the act to which this is a supplement,) to purchase annuities. nuities. rectors. of N. Jersey. mode of election Sec. 2. And be it enacted, That the stock, property, af fairs, and concerns of the said company, shall be managed Number of di and conducted by twenty-five directors, who may respectively 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 Must be citizens 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 Time, place and Newark, at least two weeks previous to such election; and of directors. every such election shall be made by ballot, and by a plurality of the votes of the stockholders then present, or represented 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 élection, 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 be own body, one person to be President, who shall be an in- chosen. habitant of Newark, and who shall preside until the next election thereafter. Sec. 3. And be it enacted, That the Legislature shall have Legislature may power, at any time hereafter, to repeal, alter, or modify this modify or repeal act, or the act to which this is a supplement, or any of its provisions. this act. Sec. 4. And be it enacted, That the fifth and twenty-first Parts of former sections of the act to which this is a supplement, shall be, act repealed. and the same are hereby repealed. Passed January 28, 1835. Preamble. ed to sell share AN ACT to authorize a Trustee therein named, to sell a part of the Real Estate of Abram Creque, deceased. WHEREAS, it is represented to this Legislature, that Abram Creque, late of the county of Middlesex, and state of NewJersey, died seized of a farm or plantation, situate in the township of West-Windsor, in said county, containing one hundred and thirty acres, more or less, and leaving a widow and several heirs at law, some of whom, by reason of their minority, are unable to join in the execution of a deed for the premises, which can now be sold on advantageous terms, if a title could be made for the same: AND WHEREAS, application has been made on the part of Ellen Nelson, who is one of the grand children of the 'deceased, and under the age of twenty-one years, praying a law appointing a trustee, to sell her share in the real estate of the deceased; which appearing to be reasonable, and for the interest of the minor, as her share in the said real estate is unproductive in its present situation; Therefore, Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of Trustee appoint the same, That Abram M. Creque, be, and he is hereby apof E. Nelson in pointed, a trustee, with full power and authority to sell, for estate of A. Cre- the best price he can obtain, the right, title, and interest, which the said Ellen Nelson has in the real estate of her grandfather, Abram Creque, late of the county of Middlesex, deceased; and, after the sale thereof, to make and execute a good and sufficient deed of conveyance to the purchaser. que, deceased. Sec. 2. And be it enacted, That the said trustee, after making sale in manner aforesaid, shall account to the Or count to Or phans' Court of the county of Middlesex, at the term next succeeding such sale, for the proceeds of said sale; and after Trustee to aca fair and just allowance of all costs, charges and expenses phans' Court of attending the sale, made and allowed by the said court, shall Middlesex. invest the balance of said proceeds at interest, upon good and sufficient security, to remain so at interest, till the said Ellen. Nelson shall attain the age of twenty-one, then to be paid to How proceeds of sale to be dis her; and in case of her death, and before she attain the age posed of. bond. Sec. 3. And be it enacted, That the said trustee shall, before he enters upon the duties prescribed by this act, enter into Trustee to give bond to the Governor of this state, with one sufficient surety, to be approved by the Surrogate of the county of Middlesex, conditioned for the faithful performance of said trust. Passed January 29, 1835. AN ACT to Incorporate the Morris and Essex Rail Road 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 James Cook, William N. Wood, William Brittin, Jeptha B. Munn, Israel D. Condict, John I. Bryans, Isaac Baldwin, and such other persons as may hereafter be associated with them, shall be, and are hereby ordained, constituted and declared, to be a body corporate and politic, in Style of incor fact and in name, by the name of "The Morris and Essex poration. Rail Road Company," and by that name, they, and their successors and assigns, shall and may have continual succession, 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, and shall have power to make and use a common seal, and the same at pleasure to alter; and they and Powers. their successors, by the same name and style, shall be capable of purchasing, holding and conveying any lands, tenements, goods and chattels whatsoever, necessary or expedient to the objects of this incorporation. Sec. 2. And be it enacted, That the capital stock of said. company, shall be three hundred thousand dollars, with liber Amount of capi ty to the said company to increase the same to five hundred tal stock. D Books of subscription for stock to be opened. Notice of election of electors. thousand dollars, and shall be divided into shares of fifty dollars each, which shall be deemed personal property, and shall be transferable in such manner as the by-laws of the said corporation shall direct. Sec. 3. And be it enacted, That the above named persons may open books to receive subscriptions to the capital stock of said corporation, at such time or times, and place or places, as they, or a majority of them may think proper; and at the time of subscribing for said stock, five dollars on each share subscribed, shall be paid to said commissioners, in gold or silver coin, or legal and current bank notes; that whenever there shall be two thousand shares of the said stock subscribed, the said commissioners may give notice for a meeting of the stockholders to choose nine directors, and such election shall be made at the time and place appointed by such of the stockholders as shall attend for that purpose, either in person or by lawful proxy, each share of the capital stock entitling the holder thereof to one vote; and the said above named persons, or a majority of them, shall be inspectors of the first election of directors of the said corporation, and shall certify, under their hands, the names of those persons duly elected, and deliver over the subscription books to the ner of election of said directors; and the time and place of holding the first meeting of directors, shall be fixed by the said persons named in the first section of this act, or a majority of them; and the directors chosen at such meeting, or at the annual elections of said corporation, shall, as soon as may be after every President to be election, choose out of their own number a President; and in Time and man directors. chosen. How vacancies supplied. dissolved for case of the death, resignation, or removal of the President, or any director, such vacancy or vanancies, may be filled for the remainder of the year wherein they may happen, by the said board of directors, or a majority of them; and in case of the absence of the President, the said board of directors, or a majority of them, may appoint a President pro tempore, who shall have such power and functions, as the by-laws of the said corporation shall provide. Sec. 4. And be it enacted, That in case it should happen Corporation not that an election of directors should not be made during the failure to elect day, when, pursuant to this act it ought to be made, the said on day prescribe corporation shall not, for that cause, be deemed to be dissolved, but such election may be held at any other time, and the directors, for the time being, shall continue to hold their office, until new ones shall have been chosen in their places.. ed. Power and dy Sec. 5. And be it enacted, That five directors of said corporation shall be competent to transact all business of the ties of directors. said corporation, and they shall have power to call in the capital stock of said company, by such instalments, not to ex ceed five dollars on each share at any one time, and at such |