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Abstract of Acts.

66

66

FREEHOLD & JAMESBURG AGRL. Co. 1853, p. 230 Authorizes extension of road, March 3. Camden and Amboy Co. may subscribe capital, Feb. 16.

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1953, p. 484

1353, p 484

1356, p. 24

1857,

Delaware and Raritan Co. may subscribe

capital, Feb. 16.

Time for completion of road extended, Feb. 18. P. 545 Authorized to construct a branch, March 20. 1949, p. 272 Aet of incorporation, March 1.

1554, p. 258 Time for completing road extended, March 3.
1556, p. 340 Act of incorporation, March 14.
Act of incorporation, March 18.
Authorizes extension of road, March 17.

1558, p. 417

1859, p 450

1859, p. 585

Act of incorporation, March 23.

1944, p. 7

Act of incorporation, Feb. 20.

1959, p. 411

Act of incorporation, March 15.

1859, p 550

Act of incorporation, March 23.

1556, P 256 Authorized to hold real estate in New Jersey,

1856, p. 43

1848, p. 230

1836, p.

*M=250&> {& TRANSPORTATION).

stess & NEW BRUNSWICK

837.

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March 18.

Act of incorporation, Feb. 25.

Act of incorporation, March 9. 84 Aet of incorporation, Feb. 12.

24 Act of incorporation, Feb. 27.

276 Revives act of incorporation, March 4..
386 Authorizes extension of road, March 16.

104 Supplement to act of incorporation, Feb. 19
Act of incorporation, March 9.

1957, p. 318
1839, p. 100

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MONTE & MOPLESEX AGRICUur.

Act of incorporation, March 9.
Act of incorporation, March 4.
Act of incorporation, March 4.
Authorizes extension of road, March 2.
1554. P 25 Revives act of incorporation, Jan. 31.
1858, p. 473 Authorizes extension of road, March 18.
1956, p. 158 Act of incorporation, Feb. 12.
1850. p. IS Act of incorporation, Feb. 4.
1989. p.
1834.
1565

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Mars CANAL TRANSPORTATION *Pass CAVAL, PATERSON & HUD's 1851,

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54 Supplement to act of incorporation, Feb. 19.
41 Act of incorporation, Feb. 8.

17 Authorizes increase of capital, Jan. 20.

331 Act of incorporation, Feb. 3.

37) Supplement to act of incorporation, Dec. 1.

388 Time for completion of road extended, Mch. 10. 421 Art of incorporation, March 9.

23 Act of incorporation, Jan. 29.

412

Supplement to act of incorporation, Meh. 2.
cacaorizes the Company to borrow

Feb. 2

Amends set of incorporation, Jan. 24.

money,

Other companies authorized to lend money,
March 1

98 Jalorizes Company to extend road, borrow

urey, etc. Feb. 19.

1933, p. 425. Jantoo with New Jersey RR. authorized,

Marea 10

2534, p. 260 - Adorizes width of road to be increased,

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March 3

177 Further supplement to act of incorporation,

March 6.

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Authorizes Camden & Amboy RR. Co. to subscribe for stock, Feb. 18.

Authorizes Camden & Amboy RR. Co. to subscribe for stock, Feb. 18.

Act of incorporation, Feb. 17.

Act of incorporation, March 7. Supplement to act of incorporation, Nov. 11. 64 Acceptance of act of 1837 filed, December 2. 65 Joint resolution as to decision of Supreme Court, Feb. 29.

1842, p. 66

Joint resolution as to duties and taxes, Mch. 4. As to tax and transit duties, April 18. 68 Acceptance of act filed, May 4.

66

1846, p. 1846, p. 1848, p. 69 1848, p.

1851, p. 322

1853, p. 88

1853, p. 481

*NEW JERSEY, HUDSON & DELAWARE 1832, p. 389

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Share capital may be increased. Feb. 4.
Acceptance of act of 1848 filed, April 20.
Authorizes branch road, March 18.
Authorizes increase of capital, Feb. 16.
Acceptance of act of 1853 filed, April 21.
Act of incorporation, March 8.

Extends time for completion of road, Feb. 22.
May construct bridge and issue bonds, Feb. 2.
Extends time for construction, Feb. 5.

Act of incorporation, Feb. 6.

Supplement to act of incorporation, March 23. Makes company liable for damages, etc.,

March 14.

Authorizes completion of Paterson & Hudson RR, Feb. 18.

Authorizes company to purchase land and complete Paterson & Ramapo RR., Feb. 27. Act of incorporation, Feb. 9.

Supplement to act of incorporation Feb. 12. Supplement to act of incorporation, Feb. 18. Supplement to act of incorporation, March 5 Act of incorporation, March 15.

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1857, p. 60

1854, p. 76

1855, p. 60

1856, p. 24

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1858, p. 212

NORTH & SOUTH CAMDEN PASSENGER

1859, p. 327

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Authorizes loans on mortgage for purchase of
iron, January 18.

Authorized to sell and purchase lands, Mch. 13
Authorized to straighten road, March 14.
Act of incorporation, March 10.

Extends time for commencing construction,
Feb. 21.

Commissioners authorized to call meeting,
Feb. 15.

Relating to construction of former act, Feb 28.
Authorizes New York & Erie RR. Co to com-

plete railroad, etc., Feb. 27.

Authorizes company to issue new bonds, Feb. 9.
Act of incorporation, March 20.

Act of incorporation, March 30.

Supplement to act of incorporation, Feb. 29.
Act of incorporation, Feb 9.

1857, p. 290 Supplement to act of incorporation, March 19.
1856, p. 275 Act of incorporation, March 11.
1855, p. 195 Act of incorporation, March 9.

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| Date. ¡

Abstract of Acts.

Jan'y 31 Further supplement to act of incorporation.
Jan'y 31 Supplement to act of incorporation.
Jan'y 31 Further supplement to act of incorporation.
March 7 Further supplement to act of incorporation.
March 7 Supplement to act of incorporation.
March 7 Supplement to act of incorporation.
March 7 Act of incorporation.

March 7 Further supplement to act of incorporation.
March 7 Act to facilitate foreclosure of mortgages.
Jan'y 31 Further supplement to act of incorporation.
March 7 Further supplement to act of incorporation.
March 7 Act to revive act of incorporation.
Jan'y 31 Supplement to act of incorporation.
Jan'y 31 Further supplement to act of incorporation.
March 7 Further supplement to act of incorporation.

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DELAWARE AND RARITAN CANAL.
(See Camden and Amboy Railroad, etc.)

MORRIS CANAL.

(Financial year ending 29th February, 1860.)

BOARD OF DIRECTORS AND OFFICERS, 1860-61.

Class No 1-Expires 1861.

Class No. 3-(Continued).

Wm. W. Marsh. Schooley's Mountain, N. J. Fred. T. Frelinghuysen....Newark, N. J

William Dickey.

...

Cornelius Stewart.....Changewater,

Class No. 2-Expires in 1862.

Henry R. Shotwell........Rahway, "
Class No. 4-Expires 1864

.Paterson,

66

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Mark Devine.

Wendham, N. J.

Levi Dickson.

•New York, N. Y. ..Philadelphia, Pa.

John H. Redfield.

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..Philadelphia, Pa.

.6

.New York, N. Y.

John Marsh..

J. B. Varnum.

Asa Whitney.

Coffin Colket..

Samuel Hart...

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Thomas N. McCarter......Newton, N. J.
James Keene...

.Philadelphia, Pa.
Class No. 5-Expires 1865.
Ebenezer B. Woodruff.. Morristown, N. J.
Isaac V. Williamson....Philadelphia, Pa.
John D. Ward. ..Jersey City, N. J.
Go. W. South...... ...Burlington, “

.....

.Schooley's Mountain, N. Y. ....Jersey City, N. Y. .JERSEY CITY, Hudson Co., N.J.

WILLIAM H. TALCOTT,Superintendent and Engineer.... PRINCIPAL OFFICE....

LENGTH OF CANAL-Jersey City to Phillipsburg.

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The Morris Canal and Banking Company was chartered on the 31st December, 1824, with authority to construct a canal from the Delaware river to Newark, N. J. By an act passed on the 26th January, 1828, it was authorized to extend the canal to Jersey City. The work of construction was commenced in July, 1825, and completed, between the Delaware and Newark, 90 miles, in August, 1831; and subsequently to Jersey City, 11 miles.

The original dimensions of the canal were, width at top, 31, and at bottom, 20 feet; depth, 4 feet; locks, 75 by 9 feet-competent to pass boats of 25 tons burden.

The centre of the summit level, near Stanhope, is 51 miles from tide-water at Newark, and 39 miles from the Delaware river, and is elevated above the former 914 feet, and above the latter 760 feet. To pass boats over this elevation, 23 inclined planes and 23 lift locks are employed, distributed as follows

Planes E of summit.. 12; lift...... 758 feet. Planes W of summit.. 11; lift........ 691 feet Locks Locks 156 7; 69

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During the years 1840 and 1841, the lift locks were enlarged to 98 by 12 feet. Immediately after the locks were enlarged, the company failed, and its effects were placed in the hands of receivers, by whom the canal was leased for a small annual rent until the close of the season of 1844. In October of that year, the canal, its appendages, and the franchises of the company were sold to foreclose a mortgage, under a decree of the Court of Chancery. The purchasers and their associates re-organized under the name of the "Morris

Canal and Banking Company of 1844," and issued stock to the full amount ($1,000,000) authorized by the charter. On the 17th of April, 1845, $500,000 in 6 per cent bonds were issued. The new company commenced the improvement of the canal early the same year, and enlarged it from 32 to 40 feet at top, and from 20 to 25 feet at bottom. With these improvements it was opened for business in April, 1845, with a capacity to pass boats of about 65 tons. The cost of these works involved the company again in embarassment. To pay off its debts and provide means for further improvements, the Legislature, on the 9th February, 1849, passed an act authorizing the company to issue Preferred Stock, bearing 10 per cent. interest. This class of stock, at the present time, amounts to $1,175,000. The law under which the Preferred Stock was issued was accepted by the stockholders on the 18th May, 1849. In 1850 the Canal was opened with five feet water on all the levels, and in 1851, the section between Newark and Jersey City having been re-constructed, the entire line was opened in its enlarged capacity.

SHARE CAPITAL-Authorized and paid in, $2,200,000, in 22,000 $100 shares, namely: Common, $4,000; Consolidation, $1,021,000; Preferred, $1,175,000. Upon the sale of the Canal in 1844, its cost to the purchasers was represented by 41,000 shares of stock, on which $25 per share was paid. In 1849 an act was passed authorising the consolidation of the stock into full paid shares of $100 each. At the date of the last annual report all the stock had been consolidated with the exception of 40 shares. By the same act the Company was authorized to issue 11,750 shares of 10 per cent. Preferred Stock-all of which has been issued. Dividends have been regularly paid on the Preferred Stock. In 1857 a dividend of 10 per cent. in mortgage bonds was paid on the Consolidated Stock: in 1858 14 per cent., and in 1859 4 per cent. in cash were paid.

FUNDED DEBT-$495,250: classified as follows1st Mortgage, 6 per cent., bonds_

$465,500 --dated 1st October, 1856, and payable, principal in 20 years, and interest semi-annually, 1st April and 1st October, at Company's office, Jersey City. Mortgage, 7 per cent., bonds..

INCOME ACCOUNT FOR THE YEAR ENDING 29TH FEBRUARY, 1860.

-$250

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GENERAL STATEMENT FOR THE YEAR ENDING 29TH FEBRUARY, 1860.

Cost of canal and appurtenances · ·

Bills receivable.

Individual accounts.

$2,752,774 Common stock..

Cr.

$4,000

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24,596 Six per cent. bonds.

495,000

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