Proviso. Limitation. Proviso. Funds not to be used for banking. witness; provided, that if the directors agree to rebuild or replace the property lost or damaged, in such case a reasonable time shall be allowed them. 12. And be it enacted, That this act shall continue in force twenty years and no longer, unless the charter is renewed; and it shall be lawful for the legislature, at any time, to amend, alter, modify or repeal the same; provided, that no contract made by said corporation, before such repeal, shall be affected thereby; and the said corporation shall have a reasonable time to bring their accounts to a final settlement. 13. And be it enacted, That no part of the funds of said corporation shall be used for banking purposes. 14. And be it enacted, That this act shall take effect immediately. Approved February 18, 1858. CHAPTER XXXVIII. AN ACT to incorporate the South Amboy and Cheesequake Bridge Company. Names of 1. BE IT ENACTED by the Senate and General Assembly of corporators. the State of New Jersey, That James R. Morgan, Abraham Everitt, Charles Fish, William Ross, William W. Seward, Timothy Wood, and Charles S. Clark, and their associates and successors, are hereby constituted a body corporate, by the name of "The South Amboy and Cheesequake Bridge Company," for the purpose of building a draw or swing bridge over and across Cheesequake Creek, at or near its mouth. 2. And be it enacted, That the stock, property, and concerns of said corporation shall be managed by seven directors, being stockholders (one of whom shall be president), who shall hold their offices for one year, and until others are appointed; and a majority of the directors shall be a quorum for transacting the business of the company; and that the said James R. Morgan, Abraham Everitt, Charles Fish, William Ross, William W. Seward, Timothy Wood, and Charles S. Clark, shall be the first directors of the said corporation, and shall hold their offices for one year, and until others are legally chosen; and that the time and manner of electing future directors, and of filling vacancies, and all other matters appertaining to the concerns of the said corporations, shall be managed, governed, and regulated by the by-laws of the said corporation. First directors. capital 3. And be it enacted, That the capital stock of said corpo- Amount of ration shall be two thousand dollars, in shares of ten dollars stock. each, with the privilege of increasing the said capital stock to three thousand dollars. instalments. 4. And be it enacted, That the books of subscription to Payment of the said capital stock shall be opened under the direction of the board of directors, and subject to such rules and regulations as they may prescribe; and it shall be lawful for the directors, or a majority of them, from time to time to call for and demand from the stockholders, respectively, all such sums of money by them subscribed, at such times and in such proportions as they shall deem proper, under the penalty of forfeiting the shares and all previous payments thereon, if such payment shall not be made within thirty days after the day fixed for that purpose, by a notice in writing previously served on each stockholder or their representatives, or left at their usual place of abode, designating the proportion or amount of such payment, and the time when, and the place where, and to whom the same shall be made; and that the stock of the said corporation shall be deemed personal property, and transferable on the Description of bridge to be built. Bridge to be kept in repair. Rates of toll. 1 books of the company in such manner as the by-laws may provide. 5. And be it enacted, That it shall be lawful and the duty of the said company to build said bridge at least twelve feet in width, with good and sufficient side rails, for the safety of travellers, and construct a convenient draw or swing therein, of at least thirty feet opening, to be placed in the most convenient place for the navigation of said creek, and provide a suitable person to open the said draw at all times, for the passage of masted vessels, so that the full and free navigation of said creek shall not at any time. be obstructed or impeded; and on failure to attend said draw and open the same for the free passage of such vessels on their arrival at the said bridge, the said company shall be liable to an indictment in the county of Middlesex, and, if convicted, to be fined, at the discretion of the court, in any sum not exceeding twenty-five dollars, and also liable. to an action of damages at the suit of the party aggrieved. 6. And be it enacted, That the said company shall, at all times, after building the said bridge, support, uphold, and maintain the same, and at all times keep it in good repair and safe for those who may have occasion to pass over said bridge with their horses and carriages, or otherwise, and may, at their discretion, if the said bridge should be carried away by any cause, rebuild the same. 7. And be it enacted, That it shall be lawful for the said company at all times to take, demand, and receive of and from every person or persons who shall pass over the said bridge, when they shall enter upon the same, the following rates of toll, and no more, that is to say: For every person on foot, two cents. For every person on horse or mule, three cents. For all wagons, carts, sleighs or sleds drawn by one horse, mule or ox, five cents. For all one horse pleasure carriages, five cents. For all two horse pleasure carriages or stages, ten cents. For all two horse mule or ox wagons, carts, sleighs of sleds, ten cents. For all four horse, mule or ox carriages of every kind, twelve cents. For all cattle or horses, two cents. For all hogs, calves, and sheep, one cent. And all other articles and things not herein enumerated, to be in equitable proportion; provided always, that said directors Proviso. have power to reduce said rates. be stopped paid. 8. And be it enacted, That it shall be lawful for any toll- Persons may gatherer having charge of said bridge, to stop any person until toll is on foot, every person, horse, or mule, with or without wagons, carts, sleighs, or sleds, all pleasure wagons, and all cattle, horses, hogs, calves, and sheep, from passing over said bridge until the toll as above specified, shall have been paid. injuring 9. And be it enacted, That if any person or persons having Penalty for the command of any vessel shall do any damage to said works." bridge or draw, or keep it up more than fifteen minutes, when the same is not absolutely necessary for the passage of any masted vessel or boat, shall forfeit and pay the sum of twenty-five dollars, and also be liable for all damage that may be done to said bridge or draw, to be recovered in an action of debt, before any court having competent jurisdiction, with costs of suit. and liabili 10. And be it enacted, That the said corporation shall pos- Restrictions sess the general powers, and be subject to the restrictions tics. and liabilities, contained in the act entitled "An act concerning corporations," approved the fourteenth day of February, eighteen hundred and forty-six, and the acts supplementary thereto and amendatory thereof, so far as the same are applicable. may con 11. And be it enacted, That the said company may con- Company struct roads on the salt meadows on either side of said struct roads. creek, from the said bridge to the upland, and put and keep the said roads in good condition and repair, in order to maintain a good and safe way for the passage of public travel. 12. And be it enacted, That this act shall go into effect immediately. Approved February 18, 1858. Names of corporators. General powers. What pro perty may CHAPTER XXXIX. AN ACT to incorporate the Monmouth County Mutual Fire Insurance 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Joseph Combs, Horatio Ely, George Taylor, Daniel H. Ellis, Henry C. Patterson, Joseph H. Rossell, William V. Ward, John R. Haley, William D. Davis, Austin H. Patterson, James Cooper, Charles Butcher, Charles H. Conover, John Barriclow, William P. Forman, James M. Smith, Elisha Laird, John N. Conover, Jacob Herbert and Peter S. Conover, and others, their associates, successors, and assigns, shall be and hereby are ordained, constituted, and declared to be a body corporate and politic, in fact and in law, by the name of "The Monmouth County Mutual Fire Insurance Company," the office thereof to be located in the village of Freehold; and by that name they and their successors shall and may have succession during the continuance of this act, 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 they and their successors may have a common seal, and may change and alter the same at pleasure; and also that they and their successors, by the name of "The Monmouth County Mutual Fire Insurance Company," shall be in law capable of purchasing, possessing, and enjoying, to them and their successors, lands, tenements, hereditaments, goods, chattels, and effects, of what nature and kind soever, necessary for the purpose of this corporation, and the same may grant, demise, alien, and dispose of at pleasure for the benefit of said company. 2. And be it enacted, That it shall and may be lawful for be insured. the said corporation to insure dwelling-houses, stores, shops, and other buildings, household furniture, merchandise, and other property, against loss or damage by fire, and generally to insure against all losses pertaining to fire. |