and may adjourn from time to time as they shall judge proper. CHAPTER CCLXIX. An Act to incorporate the Union and Essex Land Company. rators. name. 1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That John A. Wilson, Aaron D. Mulford, Charles E. Hunter, David McCandless and James H. Clark, and all such persons as may be hereafter associated with them, their successors and assigns, shall be and they are hereby constituted a body corporate and politic, in fact and in name, by the name of "The Union and Essex Land Com- Corporate pany," and by that name shall be capable in law of purchasing, using, holding, letting, improving and disposing of such real and personal estate in the counties of Union and Essex as may be necessary or expedient to the objects of this incorporation, and may receive and make all deeds, transfers, covenants, conveyances, grants, contracts, agreements and bargains whatsoever necessary or useful for said purposes. 2. And be it enacted, That the stock, property and con- Directors. cerns of the said corporation shall be managed and conducted by five directors (with privilege of increasing the number to eight), a majority of whom shall be residents of this state, all of whom shall be stockholders, and one of whom shall be president, who shall hold their offices respectively for one year and until others are elected, and that the said directors shall be chosen on the first Monday in May in every year, and at such time and place as shall be provided for by the by laws of said corporation by such of the stockholders as shall attend for that purpose, either in person or by proxy; and notice of the time and place of such election shall be published not less than two weeks previous thereto in a newspaper published in each of the counties of Union and Essex; and each stockholder shall be entitled to one vote for each share he or she may hold in said corporation; and the persons having the greatest number of votes shall be directors, and the said directors may appoint such agents, officers and superintendents, and make such compensation and assign such duties to the said agents, officers and superintendents as they shall think fit; and if at any time it shall happen that any vacancy or vacancies occur from any cause whatever among the directors of said company, such vacancy or vacancies shall be filled by such person or persons as the remainder of the directors for the time being, or a majority of them, shall appoint; and until other directors are chosen by the stockholders, the first First directors directors shall be John A. Wilson, Aaron D. Mulford, Charles E. Hunter, David McCandless and James H. Clark, who shall hold their offices until the first Monday of May next, or until others are legally chosen. Amount of 3. And be it enacted, That the capital stock of said corcapital stock. poration shall be one hundred thousand dollars, with the privilege of increasing it to three hundred thousand dollars, which shall be divided into shares of one hundred dollars each, and as soon as five hundred shares of the capital stock shall have been subscribed and the sum of fifty dollars on each share so subscribed paid, or secured to be paid, it shall and may be lawful for said corporation to proceed to carry into effect the object of said corporation; and it shall be lawful for the directors of said corporation to call and demand from the stockholders thereof respectively such installments, and at such times and in such proportion as they shall deem proper, not exceeding ten dollars on each share at any one time, notice of which shall be published for at least three weeks in a newspaper in each of the counties of Union and Essex, or be given in writing to the stockholders for the like space of time before such instaliments are required to be paid; Power to de- and in case of the failure of any stockholder to pay his or her mand capital installment at the time and place appointed for the payment of forfeiture. thereof, or within thirty days thereafter, such stockholder shall incur a forfeiture of his or her share or shares, and all previous payments thereon, for the use of the company, and the books of subscription for the stock of the said corporation shall be opened at such time and place and remain open such time in the said county of Union or Essex as the directors shall appoint, notice being given previous thereto for two stock on pain weeks in a newspaper printed in each of said counties, and the shares of the said capital stock shall be deemed personal property, and be transferable in such manner as the corporation by their by-laws shall direct; and the principal office of Principal ofsaid company shall be located in the county of Union. fice. ments 4. And be it enacted, That the said company are hereby Improveauthorized to let, rent, lease, mortgage and sell, all such land and real estate as they may hold, and to improve the same by building thereon, or by laying off the same in lots, to open, lay out, grade or vacate streets and alleys, and to use the same for agricultural purposes, or in any other lawful way that the said corporation may deem necessary and ad visable. rectors. 5. And be it enacted, That a majority of the directors for Powers of dithe time being shall form a board for the transaction of the business of the said corporation, and shall have full power to make such by laws, ordinances and regulations as shall seem necessary and convenient for the management or disposition of the stock, effects and concerns of the said corporation; provided, that the same are not contrary to the laws or constitution of the United States or of this state. elect not to 6. And be it enacted, That in case it shall at any time Failure to happen that an election of directors shall not be made on the dissolve. day when, pursuant to this act, it ought to have been made, the said corporation shall not for that cause be deemed to be dissolved, but it shall and may be lawful to hold such election on such other day as the directors of the said corporation shall direct. repealed. 7. And be it enacted, That the legislature may at any time Act may be amend, alter or repeal this act. ers. 8. And be it enacted, That this act shall continue in force General pow thirty years, and that the said corporation shall possess the general powers and be subject to the restrictions and liabilities contained in the act entitled "An Act concerning corporations," approved February fourteenth, eighteen hundred and forty-six, so far as applicable, and that this act shall take effect immediately. Approved March 16, 1870. Repealer. CHAPTER CCLXX. Supplement to an act entitled "An Act to enable the owners of the swamps and marshy lands lying on the Upper Passaic and its tributaries in the counties of Morris and Somerset, to drain the same," approved April twenty-first, eighteen hundred and sixty-eight. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the said act be and the same is hereby repealed, excepting and reserving, however, all property, rights, privileges, matters and things, liabilities, agreements or responsibilities, legally acquired, incurred, assumed, performed or made under or by virtue of the said act hereby repealed. 2. And be it enacted, That this act shall take effect immediately. Approved March 16, 1870. Boundaries. CHAPTER CCLXXI. An Act to incorporate the city of Woodbury. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That all that part of the township of Deptford, known as the borough of Woodbury, lying and being in the county of Gloucester, beginning in the middle of Woodbury creek, at a station twenty five feet westerly (at right angles) of the course produced of the westerly line of Sydney Dyer's lot, on the Red Bank turnpike road, and from thence northeasterly, the same course of and parallel with said line, running twenty five feet westerly thereof, through lands of William R. Tatum, until it strikes land late Anna Howell's; thence easterly along the southerly line of said Howell's land and E. Mann's lot to the line of Samuel H. Ladd's land; thence southerly along the line between the lands of said Ladd and late E. Burson's to a corner between said Ladd, Burson and John W. Cloud; thence southwesterly along the line between said Burson, John W. Cloud and Samuel P. Watkins, to the line of other land of Samuel P. Watkins; thence southerly along the line between said Watkins and L. Cloud, to a corner between them at the head of a branch; thence down the main water course of said branch to the middle of Woodbury creek aforesaid; thence up the middle of said creek, crossing the Good Intent turnpike to the corner of Lewis Lardner's and late Joseph Iszard's land; thence southwesterly along the line between said Lardner and others, and continuing on the same course thereof, through lands of William Griscom and late William Dickerson, crossing the Egg Harbor road, Kester's branch and the Glassboro' road to the line between said Dickerson and lands of Joseph W. Reeves; thence westerly along said line to the corner between Susan W. Garrigues and late D. B. Cooper; thence southerly along the line between said Garrigues and Cooper, and continuing the same through said Cooper's land to a point in the old northerly line of formerly Paul Cooper's land; thence westerly along on said old line to a corner of William Knight's land, standing a little westerly or southwesterly of William Atkinson's house; thence northerly and westerly along the easterly and northerly lines of said Knight's land, and along the old line between said Knight and late A. Woodward's lands till it comes in range of a certain line between the lands of Joseph Tatum, Jeptha Abbott, John H. Bradway, and lands now or late J. M. White's on the one side, and the said Joseph Tatum, Thomas Glover and Robert K. Neff on the other side; thence on the course of and along said line northeasterly to Delaware street, and continuing on the same course, crossing said street and through lands of John S. Twells to the middle of Woodbury creek aforesaid; thence up the middle of said creek to the place of beginning; shall be and is hereby erected into a city, which shall be called and known by the name of "The City of Woodbury," and the inhabi- Corporate tants thereof shall be and are hereby incorporated by the name. name of "The Mayor and Council of the City of Woodbury," and by that name they and their successors forever course |