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accounts they shall lay before and exhibit to a committee. to be appointed by the owners and possessors of said land whenever they shall be required so to do; and the said managers shall be liable for all moneys by them received, and not applied for the purpose of clearing the obstructions in the watercourses aforesaid, and shall pay the balance in their hands over to their successors in office; and in case of neglect or refusal shall be liable for the same in an action of debt, to be sued for and recovered by any owner or possessor in his own name, in any court where the same may be cognizable, to be applied to the removing of obstructions in the watercourses aforesaid.

how sup

6. And be it enacted, That any person chosen a manager Vacancies, in pursuance of this act who shall accept such appointment plied. and shall refuse or neglect to perform the duties enjoined on him, shall forfeit and pay the sum of twenty dollars, to be sued for in an action of debt, by any person that will prosecute for the same, to be applied to the clearing of the said watercourses; and in case a vacancy shall happen by the death, resignation or otherwise of any one or more of said managers, commissioners of appeal or committee, it shall be the duty of the managers by advertisements set up in five or more public places, in the vicinity of said flowed lands, to give at least two weeks' notice of the time and place of meeting of the said owners and possessors to choose a person or persons to supply such vacancy.

obstructing

watercourse.

7. And be it enacted, That if any person or persons shall Penalty for cause any obstruction whatever in the said watercourses, and shall not remove the same within five days after receiving notice to that effect from any of the said managers, he shall forfeit and pay twenty dollars with costs, together with the expenses of removing the same, to be sued for and recovered as aforesaid, and applied towards cleaning said.

watercourses.

continue in

others are

8. And be it enacted, That if the owners or possessors of said Managers to lands, shall in any year refuse or neglect to meet and elect office until managers and other officers, in such case the managers and chosen. other officers of the preceding year shall continue in office,

Commissioners and take oath.

and have the same powers and privileges and be subject to the same penalties as before, until new ones are chosen.

9. And be it enacted, That the commissioners of appeal managers to and managers aforesaid shall receive for their services, each one dollar per day, and shall severally before they shall enter upon the discharge of their duties under this act take and subscribe an oath or affirmation, before some person authorized by law to administer an oath, that they will severally well and truly discharge the duties of their respective offices under this act, without partiality and according to the best of their skill and understanding, which oaths and affirmations shall be filed by the said managers among the papers in their hands touching the matters provided for by this act and be by them handed over to their successors in office.

Public act.

10. And be it enacted, That this act shall be deemed a public act and shall take effect immediately. Approved March 23, 1859.

Description

of boundary

CHAPTER CCV.

AN ACT to alter the boundary line between the townships of Winslow,
Gloucester and Waterford, in the county of Camden.

1. BE IT ENACTED by the Senate and General Assembly of line. the State of New Jersey, That all that part of the townships of Winslow and Gloucester lying northerly and northwest

wardly of a line commencing in the present Waterford township line so as to intersect the most eastwardly line of Samuel Shreve's land; thence along said line between Samuel Shreve and James McLain's homestead until it intersects Tinker's branch; thence along said branch until it intersects the New Freedom and Clementon road; thence along the southwestwardly side of and including said road until it intersects the Long-a-Coming and Clementon road; thence in a direct course by the way of and including Joseph S. Read's brick-yard to the line between Waterford and Gloucester townships, and including parts of Winslow and Gloucester townships, be and the same is hereby set off from the said townships of Winslow and Gloucester, and attached to and made part of the said township of Waterford.

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

Approved March 23, 1859.

CHAPTER CCVI.

AN ACT to incorporate the Union County Bank.

1. BE IT ENACTED by the Senate and General Assembly of Names of the State of New Jersey, That Cornelius Boice, Zachariah corporators. Webster, Jacob Manning, Phineas M. French, Manning Stelle, David Coon, Levi Hatfield, Rudolph M. Titsworth,

Proviso.

Amount of capital stock.

Isaac S. Dunn, Manning Vermeule, Randolph Dunham, William Dunn and their associates, shall be and they are hereby created a body politic and corporate, by the name of Union County Bank, and by that name they shall have and exercise banking powers and the incidental corporate powers enumerated in the first section of the act concerning corporations; provided, that the said corporation shall not trade or deal in anything except money, bills of exchange, promissory notes, and gold or silver bullion, and shall in no case hold any real estate, goods, wares, merchandise, or chattels, except such as may be necessary for the convenient transaction of its business, or shall be mortgaged or pledged to it as security for debts, loans, or contracts, or shall be conveyed or sold in full or in part rates, fraction of debts previously contracted in the course of dealings, or shall be purchased upon judgment or execution, for the purpose of bona fide making or securing a debt or debts due or owing said corporation.

2. And be it enacted, That the capital stock of the said corporation shall be one hundred thousand dollars, with liberty to increase it to two hundred thousand dollars, and shall be divided into shares of fifty dollars each; that Alfred Berry, Enos W. Runyon, Zachariah Webster, William S. Dunham, Isaac D. Titsworth, or a majority of them, shall be and they are hereby appointed commissioners to open at Plainfield books of subscription for, and to receive subscriptions to, said capital stock, giving at least twenty days' notice in one or more of the newspapers printed in the county of Union of the time and place of receiving said subscriptions; that the said books, after having been opened, shall be kept open for three successive days, unless the amount of said capital stock shall be sooner subscribed for; that upon the first day of the opening of said books, no persons but oitizens of the state of New Jersey shall be allowed to subscribe for said stock, and at the time of subscribing for said stock, the respective subscribers shall pay to said commissioners five dollars for each share subscribed for.

tion of direc

3. And be it enacted, That the affairs of said corporation Annual elec shall be managed by a board of thirteen directors, seven of tors. whom shall be a quorum for the transaction of business, except in cases of discount, which may be regulated by the by-laws; that the said directors shall be stockholders, and shall, before entering upon the duties of the said office, severally take and subscribe an oath or affirmation faithfully to execute the trust reposed in them as directors; that the directors shall hold their offices for one year, and until their successors shall be. chosen; that the annual election of directors shall be on the first Tuesday in May in every year, at the banking-house of said corporation, at such time as the board of directors shall appoint, of which election at least fourteen days' notice shall be given by the directors, by an advertisement in one or more of the newspapers printed in the county of Union; that the said election shall be by ballot, those having the greatest number of votes to be deemed elected, and shall be by such of the stockholders as may attend in person or by proxy, they being respectively entitled to one vote for each share of stock held in his, her, or their own name or names, for at least three calendar months next before the election; that for the well ordering of said election, the board of directors shall previously thereto appoint three stockholders, not being directors, to be judges thereof, who shall conduct the election and determine upon the legality of votes, the eligibility of persons voted for, and who shall be elected, and in all cases of an equality of votes between two or more persons voted for, avoiding an election of a full board; the said judges, or a majority of them, shall thereupon select from those not elected, and having the highest number of votes, as many as may be required to make up the full number of thirteen directors; and the directors so elected shall, at the first meeting thereafter, when a quorum shall be present, elect one of said thirteen to be president, as well of their board as of said corporation; and whenever a vacancy shall occur in said board of directors by death, resignation or otherwise, such vacancy may be filled for

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