« PreviousContinue »
remov e subor.
president, who shall hold their offices for one year; and that the said directors shall be chosen at such place and time as shall be directed by the by-laws of the said corporation; and public notice shall be given of the time and place of holding every such election, not less than ten days previous, in one or more newspapers printed nearest the place where said election shall be held, by such of the stockholders as shall attend for that purpose, either in person or by proxy; and each stockholder shall be entitled, either in person or by power of attorney, to as many votes as he or she shall hold shares of the capital stock of said company; and the candidates having the
greatest number of votes, being stockholders, shall be direcDirectors tors; and the directors chosen at one election shall be capable appoint and of serving, by virtue thereof, until another election shall have
pore been had; and the directors so chosen may appoint such offidinate officers.
cers and superintendants, and assign such compensation, as they shall think fit, not less than a majority of the whole number of directors being present when the same shall be done, and may remove the same, and appoint others, at their plea
sure; and if it shall at any time happen that any vacancy or Vacancies, how supplied.
ed. vacancies occur, by death, resignation, or otherwise, among
the directors, officers, or superintendants, 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.
· Sec. 3. And be it enacted, That the capital stock of said Amount of company shall not exceed fifty thousand dollars, which shall capital stock. be divided into shares of one hundred dollars each; but as soon
as the sum of fifteen thousand dollars of the said capital stock shall have been subscribed and paid, or satisfactorily secured to be paid, it shall and may be lawful to and for the said company to commence their said business, and with that capital conduct and carry it on until they shall deem it expedient to extend their operations, and the capital necessary for that purpose, which they are hereby authorized to do, from time to
time, to the amount herein before mentioned: and it shall be Stock forfeit- lawful for the directors of the said company to call and deed on failure mond from re mand from the stockholders, respectively, all such sums of
the stoobch to pay installments.
money by them subscribed, at such times and in such proportions as they shall deem proper, under pain of forfeiting the shares of the said stockholders, and all previous payments thereon, if such payments shall not be made within thirty days after a notice shall have been published for the space of twenty days, in one or more public newspapers published in or near the place where such payment shall be required to be made, and also in one or more newspapers published in the city of New York,
. Sec. 4. And be it enacted, That the stock and property of deemed per-, the said corporation, of whatever nature or kind, shall be - sonal estate. deemed personal estate, and be transferable in such manner as
shall be prescribed by the by-laws of the said corporation: Provided, that no dividends shall be made to and among the stockholders except from and out of the profits of the said corporation
SEC. 5. And be it enacted, That in case it should at any time happen that an election should not be made on the day that, Corporatiorr pursuant to this act, it ought to be made, the corporation shall not dissolved not for that cause be deemed to be dissolved, but it shall and on
elect on day may be lawful to hold such election on such other days, in the prescribed." manner aforesaid, as shall be prescribed by the by-laws and ordinances of said corporation.
SEC. 6. And be it enacted, That a majority of directors for Me the time being shall form a board for transacting the business directors to of said corporation, and shall have power to ordain, establish, transact busiand put in execution such by-laws, ordinances, and regulations ness. as shall seem necessary and convenient for the government, management, and the disposition of the stock, effects, profits, and concerns of the said corporation: Provided the same are not contrary to the laws and constitution of the United States or of this state.
Sec. 7. And be it enacted, That the directors shall at all times keep, or cause to be kept, proper books of accounts, in inspection of which shall be regularly entered all the transactions of the said stockholders. corporation; which books shall at all times be open to the inspection of the stockholders of the said company, or their legal attorney or attorneys; and further, that no transfer of stock shall be valid or effectual until such transfer shall be entered or registered in the book or books to be kept by the president and directors for the purpose. .
Sec 8. And be it enacted, That the said company may be How comp dissolved at a general meeting of the stockholders, especially ng may be summoned for that purpose: Provided at least three-fourths in dissolved. value of the stockholders shall be present or represented there. Proviso. in; and upon such dissolution, the directors for the time being, and the survivors and survivor of them, shall be ipso facto trustees for settling all the affairs of the said corporation, disposing of its effects, recovering and paying its debts, and dividing the surplus among the stockholders, in proportion to their respective interest in the stock, unless the stockholders, at such general meeting, shall appoint other persons, not less than three, nor more than five in number, for such purpose; in which case the persons so appointed, and the survivors and survivor of them shall be trustees and trustee for the purpose aforesaid; and that stockholders owning one-fourth of the stock holden may, by giving notice in' a newspaper published in Pa. terson for a fortnight, and one newspaper published in the city of New York a fortnight, call a public meeting of the stockholders, for the purpose of passing by-laws and ordinances for the election of directors; and that such by-laws and ordinances shall be binding until in like manner repealed or altered, in
case a majority of the stock is represented at such meeting, either in person or by proxy.
Sec. 9. And be it enacted, That this act shall be and conLimitation of tinue in full force for and during the term of thirty years from
the passing thereof, and from thence to the end of the next session of the legislature, and no longer.
Passed January 30, 1833.
AN ACT empowering James Hodge, guardian of John Hodge, a lunatic,
to sell real estate. .
WHEREAS James Hodge, guardian of John Hodge, a lunatic, Preamble. has, by his petition, set forth, that the said John Hodge is
the owner of about forty-one acres of land, situate in the township of Bridgewater, in the county of Somerset, and that the said John Hodge had, a short time previous to his lunacy, agreed to sell a part of the real estate of which he was the owner.-AND WHEREAS it is represented, that the said John Hodge has personal estate to the amount of about six hundred dollars; and that the interest of the personal estate, together with the profits of the lands, are not sufficient to support him ;—AND WHEREAS it is represented to the legislature, that it would be greatly to the advantage of the lunatic's estate that the real estate, of which he is the owner, to be sold, if power be given therefor—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 said James Hodge, guardian of the said John
Hodge, be, a... shereby authorized and empowered to James Hodge 8
grant, bargain, sell, and convey the lands, tenements, and real nthorized to estate aforesaid of the said John Hodge, his ward, in fee-simsell lands of ple, and execute a deed or deeds therefor to the purchaser; John Hodge. which said deed or deeds shall be as good and effectual to
grant, sell, convey, and assure the said lands, tenements, and real estate, and the hereditaments and appurtenances to the same, belonging to the purchaser or purchasers thereof, as if the said deed or deeds had been made by the said John Hodge
at any time before his lunacy, or which he, the said John Proviso. Hodge could, by any possibility, hereafter make, should he
ever return to his right mind: Provided, that the said James Hodge shall give such further or other security for the faithful performance of his guardianship as aforesaid, to the governor of the state of New Jersey, as the orphans' court of the county of Somerset shall deem proper.
Passed January 30, 1833.
AN ACT to incorporate the Delaware Fire Company of Bloomsbury,
SNACTED byeby enacted by Marturin Re
Sec. 1. BE IT ENACTED by the Council and General Assem. bly of this State, and it is hereby enacted by the authority of the same, That Benjamin Fish, John B. Abbott, Marturin Redway, Style of inJacob B. James, Charles Skelton, Thomas N. Hamilton, Wil- corporation. liam B. Howell, John Phares, John Sunderland, and all other persons, not exceeding fifty in number, who now are, or hereafter shall become members of the Delaware Fire Company of Bloomsbury, Burlington county, be, and they are hereby constituted and declared to be a body corporate and politic, in fact and in law, by the name of “the Delaware Fire Company of Bloomsbury," and, by such name, they shall have succession, and 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 of judicature whatsoever; and that they and their successors may have a Power common seal, and shall have power to make, change, and alter the same at their pleasure; and by their name as aforesaid, and under their common seal, may make, enter into, and execute any contracts or agreements touching and concerning the objects of said corporation; and shall have full power and authority to make, form, and adopt such a form of constitution, and such by-laws and regulations, for their government, not inconsistent with the constitution and laws of this state or of the United States, as they shall thirk proper. SEC. 2. And be it enacted, That the capital stock of the said
Amount of company shall not exceed the sum of fifteen hundred dollars, capital stock. which shall be solely and exclusively applied to procuring, and how apmaintaining, and repairing such engines, hose, reservoirs of plied. water, ladders, buckets, fire-hooks, engine houses, and other implements and machines, and to such other incidental expenses, as shall to the said company appear best calculated to secure the property of their fellow citizens from injury or destruction by fire.
Sec. 3. And be it enacted, That the said company shall have of power to elect, annually, a president, out of their own body, elected. and such other officers and assistants as they shall deem necessary for conducting their affairs, according to their constitution and by-laws; and that the said president shall keep in his custody the common seal of said company, and, at the expiration of his term of office, shall deliver it over to his successor.
Sec. 4. And be it enacted, That all the privileges and ex- Pris emptions contained in an act entitled, “ An act for the encour- and exempagement of fire companies,” passed December fourteenth, eigh- tion of memteen hundred and twenty-six, be, and the same are hereby bers.
extended to all persons who now are, or hereafter shall become and continue actual members of the said company.
Sec. 5. And be it enacted, That it shall and may be lawful Act may be for the council and general assembly of this state, at any time amended or hereafter, to amend, repeal, or modify this act, as they shall repealed.
Passed January 31, 1833.
AN ACT to authorize the enclosure of a certain tract of woodland in the
township of New Barbadoes, in the county of Bergen.
anad leading frotto erect and from and af
Sec. 1. BE IT ENACTED by the Council und General Assembly of this State, and it is hereby enacted by the authority of the
same, That it shall and may be lawful for the owners and pos
nds sessors of all that tract of woodland situate near New Milford, authorized to
in the township of New Barbadoes, in the county of Bergen, common. bounded on the east by the lands of John Cooper, Jacob Van
Wagoner, Isaac Voorhis, and Nicholas Voorhis; south by lands of Isaac Voorhis and the road leading from the Old Bridge to Paramus; on the west by the lands of Nicholas H. Voorhis and the road leading from Old Bridge to Paramus; and on the north by the lands of Nicholas H. Voorhis and the road leading from New Milford to Paramus, to fence the same in common, and to erect and maintain such swing-gates as they may deem proper; and that from and after the enclosing the same as aforesaid, no person or persons whatsoever shall drive
or let in any horses, cattle, or sheep, with intent to run at large Proviso. in said tract: Provided always that nothing in this act con
tained shall be construed so as to prevent any person or persons from turning his horses, cattle, or sheep on such part of the said tract as may belong to him, and as may be kept enclosed by a sufficient and lawful fence separate from the remainder of the tract. :
Sec. 2. And be it enacted, That if any person whatever
shall drive or let in any horses, cattle, or sheep into the said Penalty for tract, after the same shall have been enclosed as aforesaid, exinjury to fen
cept as is provided for in the preceding section of this act, or ed grounds. shall wilfully break down any part of the fence around the
same, or any of the swing-gates thereon, he shall be liable to a penalty of ten dollars: and if any person or persons shall leave open any bars or 'swing-gates thereon, either negligently or wilfully, he shall be liable to the penalty of two dollars for each offence; any of which penalties may be sued for and recovered by the trustees herein after mentioned, or either