to which books of account any stockholder may have free access at all reasonable times, for the purpose of inspection; and that books of transfer of stock shall be kept, and shall be evidence of the ownership of said stock in all elections and other matters submitted to the decision of the stockholders of said corporation.

7. And be it enacted, That the said corporation hereby How dissolved created may be dissolved by a general meeting of the stockholders of the same, especially called for that purpose; pro- Proviso rided, that at least three-fourths in value of the stockholders shall concur therein; and upon such dissolution, the directors for the time being and the survivors of them, or such persons as the said stockholders shall appoint, shall be trustees for the settling all the affairs of the company, collecting and disposing of all its property and assets, paying its debts, and dividing its surplus among the stockholders in proportion to their respective interests in the stock.

ers.

8. And be it enacted, That the corporation hereby created General powshall possess the general powers and be subject to the general restrictions set forth in an act entitled "An act concerning corporations," approved on the fourteenth day of February, eighteen hundred and forty-six, so far as the same may be applicable.

9. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1870.

CHAPTER LXVIII.

A Supplement to an act entitled "An Act to incorporate the American Roofing, Paving and Manufacturing Company," passed March twenty-seventh, eighteen hundred and sixtyeight.

1. BE IT ENACTED by the Senate and General Assembly of Change of the State of New Jersey, That the corporate name of "The corporate American Roofing, Paving and Manufacturing Company" be

name.

No change of officers re

quired.

and the same is hereby changed to "The Bricksburg Manufacturing Company;" and the said corporation as "The Bricksburg Manufacturing Company" shall hold and possess all the property, rights, franchises, powers, privileges and immunities of the said "The American Roofing, Paving and Manufacturing Company," and be liable for all the obligations and duties of said company and subject to all the restrictions imposed on the same by the act to which this is a supplement.

2. And be it enacted, That this act shall not be construed to require a change in the officers of the said "The American Roofing, Paving and Manufacturing Company," but they shall by virtue of the election heretofore had be the officers of said "The Bricksburg Manufacturing Company."

3. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1870.

Amendment.

CHAPTER LXIX.

A Further Supplement to "An Act to incorporate the City of Hudson," approved April eleventh, eighteen hundred and fiftyfive.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the thirty-third section of the act to which this is a further supplement, be, and the same is hereby amended by striking out the words therein which read as follows: "and the city shall not owe more than twenty thousand dollars at any one time."

2. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1870.

CHAPTER LXX.

A Supplement to an act entitled "An Act to incorporate the Bor. dentown Reservoir and Water Company," approved February sixth, eighteen hundred and fifty-five.

lands, fran. chises, &c.

1. BE IT ENACTED by the Senate and General Assembly of Power to sell the State of New Jersey, That it shall and be lawful for may the said "The Bordentown Reservoir and Water Company,' to sell to the city of Bordentown their lands, personal property and franchises of said company, upon such terms as may be agreed upon, and upon such sale, to convey the same

to them.

stockholders

2. And be it enacted, That whenever the city of Borden- Meeting of town shall desire to become the purchaser of the real and to determine personal property of the said "The Bordentown Reservoir sale. and Water Company," it shall be the duty of the president and directors of the said company to call a meeting of the stockholders thereof to determine the same; provided, that Proviso. twenty days' notice of the time and place and object of said meeting shall be given in a newspaper circulating in said city, and by setting up the same in three of the most public places in said city for the like space of time.

stock to de

binding on all

3. And be it enacted, That at a meeting of the stock-Majority of holders held as aforesaid, it shall be lawful for those assembled termine, and and representing the majority of the shares of stock of said this to be company to determine the question of sale, and that their stock. action shall be binding upon the remaining and all of the stockholders of said company.

4. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1870.

Names of cor

porators.

Corporate

name.

Officers, how

terms of of

fice

CHAPTER LXXI.

An Act to incorporate the Railroad Office Clerk's Mutual Life
Insurance Association of the United States.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John G. Neil, Louis M. Babcock, Reynold D. Keen, Oliver A. Trowbridge, David McKnight, James P. Kerr, Lucius P. Blydenburgh, Charles C. Fisher and others, their associates, successors and assigns, shall be and they are hereby ordained, constituted and declared to be a body politic and corporate, for the purpose of mutual life insurance, and by the name of "The Railroad Office Clerk's Mutual Life Insurance Association of the United States," to be located in the city of Bordentown, in the county of Burlington, in this State, and by that name to sue and be sued, to plead and be impleaded in all courts of justice, and to have and use a common seal, and to alter and change the same at pleasure.

2. And be it enacted, That the officers of the said associachosen, and tion shall consist of a president, vice president, grand secretary and treasurer, and an executive committee of five members, to be chosen by ballet by and from the members of the said association, and shall hold their office for one year and until others are chosen in their place; and the election for such officers shall be held on such day in every year, and at such time and place as a majority of the board of officers may previously designate; public notice of which shall be given by the secretary, in a newspaper published in the said city of Bordentown, at least fifteen days previous to the time of holding such election, and if any of the said officers shall die, resign, refuse to serve, or neglect for the space of two months to act in their said office, then and in every such case the remaining officers shall have power to fill such vacancy or vacancies until the next annual election; and in case it shall happen that an election for officers shall not be held on the day when pursuant to this act it ought to be held, the said corporation shall not for that cause be dissolved, but it

shall and may be lawful to hold an election for officers pursuant to law.

3. And be it enacted, That John G. Neil shall be president, First officers. Louis M. Babcock vice president, Reynold D. Keen grand secretary and treasurer, Oliver A. Trowbridge, David McKnight, James P. Kerr, Lucius B. Blydenburgh and Charles C. Fisher the executive committee of the said association for the time being, until other officers are elected according to law.

lives.

4. And be it enacted, That it shall and may be lawful for May insure the said corporation to make insurances predicated upon the lives of their members, and also to insure them against nonfatal accidents, and other causes of disability, and on such terms and conditions as shall from time to time be ordered and provided for by the by-laws of said corporation.

laws, &c.

5. And be it enacted, That the board of officers for the May make bytime being, or a majority of them, shall have power to make and prescribe such by-laws, rules and regulations, as to them shall appear needful and proper for the management and disposition of the property, estate and effects of the said corporation, and for all such matters as appertain to the business thereof, and shall have power to appoint such additional officers, clerks and servants, for carrying on the business of said corporation, as they may select, with such compensation as to them shall appear just and satisfactory; provided, that Proviso. such by-laws, rules and regulations, shall not be repugnant to the constitution or laws of the United States, or of the state of New Jersey.

surance.

6. And be it enacted, That all certificates of membership Policies of inor policies of insurance which shall be made by the said com pany in pursuance of this act, shall be made on such terms and conditions, and for such periods of time, and confined to such persons as shall from time to time be ordered and prescribed by the by-laws, rules and regulations of said corporation.

7. And be it enacted, That no part of the funds of said Not to engage corporation shall be used for banking purposes.

in banking.

invested.

8. And be it enacted, That the funds received by said cor- Funds, how poration in their business may be invested in bonds and mort gages on unincumbered real estate, in the state of New Jersey, which real estate must be worth double the amount loaned thereon, or on bonds or stocks of the United States, of the State of New Jersey, or of the incorporated cities thereof.