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at the times prescribed and required by said corporation, shall forfeit to the said company every share upon which there shall be a deficiency.
Sec. 4. And be it enacted, That the capital stock of said corporation shall be seventy-five thousand dollars, to be di.
vided as aforesaid, in shares of one hundred dollars each; and Amount of capi
upon the closing of said books of subscription or within five days after the directors are chosen, the stock having been subscribed as aforesaid, the said commissioners herein before named, shall deliver over into the hands of the said directors, the said subscription books, and all other books and papers whatsoever, which shall be in their hands, and belonging and appertaining to the said corporation; and shall also pay over to the said directors all moneys which they shall have received on account of said subscription; and the said directors shall have power to call in and demand from the stockholders, payment of the sums remaining due upon the shares subscribed, at such times and in such instalments or proportions, as they or a majority of them, shall deem proper and requisite, under the penalty of forfeiture as aforesaid.
Sec. 5. And be it enacted, That all the affairs, property,
and concerns of the said corporation, shall be managed and Time and mode conducted by seven directors, all of whom shall be stockhold. of electing di
ers of said company, one of whom shall be president of said rectors.
company, all of whom shall hold their offices for one year, and shall be elected on the second Monday of April in every year, at the house of the company, at such time of day as the board of directors, for the time being, shall appoint, notice of which shall be given by the secretary of said company, not less than fourteen days previous to the time of holding the said election, by an advertisement to be inserted in one of the newspapers printed in the town of Newark; for the well ordering of which election, the directors shall, previously there. to, appoint three stockholders, not being directors, to be judges of election, who shall conduct and regulate the same, none of whom shall be elected as a director, they shall determine whether the persons voted for, are qualified for direc. tors, and after the conclusion of the ballot, shall decide and declare who are elected; each stockholder shall be entitled to one vote for each share of stock held by him; and said election shall be made by such of the stockholders as shall attend for that purpose, either in person or by proxy; those persons having a majority of the votes taken, shall be the directors for the ensuing year, and until others are elected; and the directors so elected, shall, immediately thereafter, proceed to elect by ballot, one of their number as president; and in case of a vacancy by death or resignation among the directors, such vacancy shall be filled for the remainder of the year, by such person or persons as the remainder of the directors, for the time being, shall appoint; the first directors
Quorum of directors,
shall be elected on the tenth day of May, in the year of our Lord eighteen hundred and thirty-five, two weeks notice having been first given by advertisement in one of the newspapers printed in the town of Newark, signed by the commissioners, who are to act at such election as judges thereof, which is to be conducted as the elections hercin before mentioned ; five directors shall constitute a board for the transaction of business of said company.
Sec. 6. And be it enacted, That the books of said company Books to be shall be kept by the clerk of said company, who shall reside open to the inin the town of Newark, and shall, at all times, between the stockholders. hours of ten A. M. and three P. M., be subject to the inspec. tion of any stockholder of said company; and in case of refusal on the part of said clerk to exhibit said books on demand made by any such stockholder, he shall forfeit and pay such person so refused, the sum of one hundred dollars, to be sued for in an action of debt ; and no transfer of stock shall be deemed lawful, unless it be made on the book of said com
pany kept for that purpose, in which shall be entered the · names of all stockholders of said company. Sec. 7. And be it enacted, That the president of said com
his movies on the Compensation pany shall receive such compensation for his services, as the
to President. board of directors shall deem reasonable ; but no other director shall be entitled to any emolument for his services, unless allowed by a majority of stockholders at their annual ineeting.
Sec. 8. And be it enacted, That the funds of this corpo- How funds of ration shall only be laid out and expended in purchasing a corporation to be suitable site in the town of Newark, for a public house, and a erecting a suitable building or buildings thereon, ļo be used for such purposes, and furniture for the same; and that the said company shall not employ any of their funds in any banking or insurance operations, or for any purposes not plainly indicated by this act.
Sec. 9. And be it enacted, That this charter shall con- Capital not to be tinue in force until the expiration of twenty years; and that ration of charter.
t divided till expino part of the capital stock shall be divided among the stockholders until a final dissolution of said company.
Sec. 10. And be it enacted, That the capital stock of said company shall be deemed personal estate, and that the Le- Act may be al., gislature may, at any time hereafter amend, modify or repeal this act, as they may think proper.
Passed February 26, 1835.
A SUPPLEMENT to an act, entitled “ An act to authorize
the chosen freeholders of the county of Cumberland, to build a draw.bridge over Cohansey creek, at the town of Bridgeton”, passed the twenty-sixth of January, eighteen hundred and thirty-three.
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 it shall not be lawful, for any person or perPanalev for fast sons, to drive any wagon or cart, sled or sleigh, or any other driving,
kind of carriage, or vehicle, or ride, lead or drive any horse or horses, mule or mules, or any description of cattle, over or upon the draw of said bridge, at a faster gate than a walk; and any person or persons, driving any wagon or cart, sled or sleigh, or any other kind of carriage, or vehicle, whether
of burden or pleasure, over said bridge, shall keep to the Keep to the
right, while driving or going over said bridge; and every right.
person so offending against the provisions of this act, shall forfeit and pay five dollars, lo be recovered by action of debt, with costs of suit, in any court of competent jurisdiction, by
any person who shall sue for the same, for the use of the Proviso
county of Cumberland ; provided always, that this act shall not be construed, so as to prevent any physician, or person or persons going for such physician, or returning from said errand ; any person or persons riding express, by order of any public officer of this state, or of the United States, or pursuing a fugitive from justice, runaway servant or appren
tice, from riding or driving over said draw, at a faster gate Proviso. than a walk : provided always, that the board of chosen free
holders, of said county, shall cause to be fixed, and always kept up, at each end of the bridge, in some conspicuous place, in plain letters, Five Dollars fine, for travelling over the draw of this bridge, at a faster gate than a walk; and on neglect of such notice, the aforesaid fine shall not be incurred.
Passed February 26, 1835.
A FURTHER SUPPLEMENT to an act, entitled “ An
act to incorporate the Paterson and Hudson River Rail Road Company," passed January twenty-first, one thousand eight hundred and thirty-one.
Sec. 1. BE IT ENACTED by the Council and General As. sembly of this state, and it is hereby enacted by the authority of the same, That so much of the fifteenth section of the act
to which this is a supplement, as requires that the said rail road shall be completed at the expiration of five years, from Time of compla
tion of road exthe fourth day of July, one thousand eight hundred and tended. thirty-one, be, and the same is hereby repealed; and when the permanent rail road of The New-Jersey Rail Road and Transportation Company, shall be constructed through Bergen Hill, and thence to the Hudson River, and put in use, it shall be lawful for the president and directors of the Paterson, and Hudson River Rail Road Company, their successors and assigns, to charge for the transportation of goods, wares and merchandise thereon, from the junction to the river, or on any branch thereof, twelve and a half cents per ton per mile; Toll inci
on part of the and that it shall not be lawful for said company, directly or road. indirectly, lo charge for the transportation of property on their road, and on the said permanent road, from the junction, and on its branches, more than the tolls prescribed by the tenth section of their act of incorporation, and by this supplement; and if the owners and occupants of the property on Main and Congress streets in Paterson, or of a majority thereof in value, shall require the same, and the Paterson and Hamburg Turnpike Company, without compensation, shall consent thereto in writing, (if their consent be necessary,) that then the president and directors of the Paterson and . Hudson River Rail Road Company, their successors and assigns, shall be authorized and required, within six months after such requisition and consent, shall be obtained with reference to said street, to extend a track down Main street, to, or within one hundred feet of its intersection with Broadway; and that within one year from the fourth day of July next, they shall lay a track down Congress street, to the point designated in their act of incorporation.
Sec. 2. And be it enacted, That so much of the seventeenth section of the said original act, as authorizes the legislature of the state, to cause an appraisement of said road to Time of apbe made, at any time after the expiration of fifty years from praisement and
making returns the completion of said road; and that so much of the eigh- altered. teenth section as requires the treasurer of said company to make annual returns to the treasurer of this state, from and after the completion of the said rail road, be, and the same are hereby repealed; and that the legislature may cause such appraisement to be made at any time after the expiration of fifty years from the fourth day of July, one thousand eight hundred and thirty-six; and that it shall be the duty of the treasurer of the said company, from and after the said fourth day of July, one thousand eight hundred and thirty-six, to make the annual returns required by the said eighteenth section.
Ser.. 3. And be it enacted, That this supplement shall be Public acl. taken and considered as a public act.
Passed February 27, 1835.
are to be
A SUPPLEMENT to an act entitled “ An act for supprcsgo
ing vice and immorality,” passed the sixteenth of March, seventeen hundred and ninety-eight.
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 nothing contained in the twelfth section of the
'. act to which this is a supplement, shall be construed to affect Exhibition of the exhibition of any invention or improvements in the Meimprovements in cha
in chanic Arts, but such exhibitions shall be placed upon the not prohibited. same footing as the exhibitions of natural curiosities are pro
vided for in and by said act.
Sec. 2. And be it enacted, That from and after the passage of this act, it shall not be lawful for any person or per
sons to exhibit or show within this state, for any price, gain, Menageries to or reward, any menagerie, or collection of beasts or animals, be licensed without having first obtained license for that purpose, as here
Sec. 3. And be it enacted, That any three Justices of the How and by Peace, shall have authority to grant a license, in their discrewhom licenses on
oted tion, to any person or persons, to exhibit and show any me
nagerie, or collection of beasts, or animals, within the county of which they are Justices; and all licenses granted under this act, shall set forth the township or townships in which such exhibition or show is authorized to be made; the time or number of days it may be continued; and the price or prices which may be demanded for admission to the same.
Sec. 4. And be it enacted, That before any such license Sum to be paid shall be granted, the person or persons applying for the same, for license,
shall be required to pay into the hands of the Justices of the Peace, to whom the application is made, such sum of money as the said Justices shall deem proper, not less than ten dollars, nor more than one hundred dollars, for each day said exhibition or show shall be licensed to continue.
Sec. 5. And be it enacted, That any person or persons
offending against the provisions of this act, shall forfeit and Penalty for vio- pay for every offence, the sum of one hundred dollars; to lation of the act. be recovered in an action of debt, in any court having cog
nizance of the same, in the name of the County Collector of the county where the offence is committed, and it shall be a duty hereby imposed for the Collector of the county, or the Collector of the township wherein such exhibition is made, to prosecute and recover the same.
Sec. 6. And be it enacted, That all moneys received and recovered under this act, shall be paid over to the County
Collector of the county where the same shall be received, or Money to be paid to the coun- the offence committed, within thirty days after the receipt iy collector.
thereof, for the use of the county.
Passed February 27, 1835.