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CHAPTER XL.

A FURTHER SUPPLEMENT to an act entitled "An act to incorporate the

city of Trenton," passed the seventh day of March, eighteen hundred and thirty-seven.

1. BE IT ENACTED by the Senate and General Assembly of compensathe State of New Jersey, That it shall be lawful for the com- holders. mon council of the city of Trenton to allow and pay such compensation as may be deemed proper, to the three freeholders of the said city, who are required to value the lots on the atlas of the said city, and to perform certain other duties by virtue of the sixteenth section of an act approved April the tenth, A. D. eighteen hundred and fifty-five, entitled “a further supplement to an act entitled an act to incorporate the city of Trenton," passed the seventh day of March, eighteen hundred and thirty-seven; provided, Proviso. that said compensation shall in no case exceed the sum of two hundred dollars, to each of said freeholders.

2. And be it enacted, That any provision in the charter Part of of the said city, or in any of the supplements thereto, repealed. which is repugnant to any of the provisions of this act, be and the same is to that extent hereby repealed.

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

Approved March 1, 1859.

former acts

CHAPTER XLI.

A SUPPLEMENT to the act entitled "An act to incorporate the Newark

and Springfield Railroad Company," approved February twenty-fifth, eighteen hundred and fifty-three.

Time for commencement and completion extended.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the time for commencing and completing the railroad, authorized by the act to which this is a supplement, shall be computed from the fourth day of July next, and that the said act shall not be deemed void by reason of said road not having been commenced and completed within the time limited by said act, but that the same is hereby revived and in full force, and that the road authorized by said act, may be constructed to any point in the city of Newark, at or south of Market street.

Approved March 1, 1859.

CHAPTER XLII.

SUPPLEMENT to the act entitled “ An act for the limitation of actions," approved the sixteenth day of April, eighteen hundred and forty-six.

Prosecution to be commenced within certain time.

1. BE IT ENACTED by the Senate' and General Assembly of the State of New Jersey, That any prosecution to be had or commenced upon any bond heretofore given, or hereafter

to be given, by any insolvent debtor or person arrested upon final process in any civil action, to the sheriff of any county in this state, for the benefit of the prison limits, shall in nowise operate against or in any manner affect the securities named and bound in such bond, unless such prosecution shall be commenced within sixteen years next after the date of said bond.

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

Approved March 1, 1859.

CHAPTER XLIII.

As act relative to bills of exchange, promissory notes, and other

negotiable instruments.

recovery

1. BE IT ENACTED by the Senate and General Assembly of Loss of inthe State of New Jersey, That whenever an action shall be to prevent or has been brought upon, or a plea or a notice set off, shall set up any negotiable instrument which has been lost, that the fact of the loss of such instrument while negotia. ble, by delivery or otherwise, shall not prevent a recovery thereon, in a court of law; but that any court of law shall give judgment in the same manner as if şuch note was not lost, and may take the same order thereon as a court of equity would, to indemnify the party charged against the repayment thereof.

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

Approved March 1, 1859.

CHAPTER XLIV.

A SUPPLEMENT to the act entitled "An act respecting the Court of

Chancery."

Provisions 1. BE IT ENACTED by the Senate and General Assembly of of former act extend the State of New Jersey, That the forty-second section of the

act entitled " An act to simplify the pleadings and practice in courts of law," approved March seventeenth, eighteen hundred and fifty-five, be and the same is hereby extended to suits and decrees in the court of chancery.

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

Approved March 1, 1859.

CHAPTER XLV.

An Act to extend the charter of the Salem Banking Company.

1. BE IT ENACTED by the Senate and General Assembly of Charter the State of New Jersey, That the act entitled "An act to incorporate the Salem Steam Mill and Banking Company, in the county of Salem," passed the sixth day of November, one thousand eight hundred and twenty-two, and the supplement thereto, passed the eleventh day of November, one thousand eight hundred and twenty-five, together with an act entitled "An act to extend the charter of the Salem Banking Company," passed the fourth day of March, one thousand eight hundred and forty-one, be and the same are hereby continued and extended for and during the term of twenty years from and after the time by the said act limited for its continuance, at which time this act shall take effect.

2. And be it enacted, That if the said corporation shall at Assets to be any time hereafter become insolvent, the whole assets of payment of the said corporation at the time of its becoming insolvent, shall be first liable for its bills and notes then in circulation, and shall be first applied to the payment thereof, and in case of a distribution of the assets of said corporation among the creditors thereof, under the order or decree of the court of chancery, or other court, the holders of such bills or notes shall be equal in priority and shall have preference over all other creditors.

3. And be it enacted, That all the directors of said corpora- Liability of tion shall be residents of this state, and shall be jointly and severally liable for the payment of all the bills or notes of said corporation which may be in circulation at the time of its becoming insolvent, and may be jointly or severally prosecuted at law or in equity, by any receiver or receivers that shall or may be appointed, for the payment of any such bills or notes, as if the same were their joint and

notes.

directors.

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