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other securities for the recovery of the moneys thereby secured, either at law or in equity, or otherwise in the same manner as any other mortgagee is or shall be authorized to do; and also to purchase on sales made by virtue of any judgment at law or any order or decree of a court of equity, or any other legal proceedings, or otherwise to take and receive any real estate in payment, or towards satisfaction of any debt previously contracted, and due to the said company; and to hold the same until they can conveniently sell or convert the same into money, or other personal property; provided, that it shall not be lawful for the said company to use or employ any part of the stock, funds, or moneys Company not thereof, for or in any banking operations, or in the pur- to engage in chase and sale of any stock or funded debt created, or to Banking be created, under any law of the United States, or of any operations. particular state, or to emit any notes, or bills, or securities for the payment of money, except under the seal of the said company; but it shall nevertheless be lawful for the said company to purchase and hold any such or other stock or funded debt, for the purpose of investing therein any part of their capital stock, funds or moneys; and also to sell and transfer the same, and again to renew such investments, when and as often as the exigencies of the said company, or a due regard to its interests shall require; and also to make loans of its capital stock, funds and moneys on bonds and mortgages, and the same to call in and reloan, as occasion may render expedient.

nal estate and transferable.

Sec. 14. And be it enacted, That the stock of the said Stock, perso. company shall be assignable and transferable according to such rules, and subject to such regulations and conditions, as the board of directors may from time to time establish, and that the said stock shall be considered personal property. Sec. 15. And be it enacted, That it shall be lawful for the directors of the said company to make dividends of so much of the profits of the company as shall appear advisable, and the said dividends shall be paid out semi-annually to the stockholders, or to their legal representatives; but the dividends shall at no time exceed the amount of clear profits how & when made by the said company, and the capital stock shall be to be made. and remain unimpaired, and if the said directors shall at any time knowingly make dividend of the capital stock as aforesaid, they shall be individually liable for the proportion of stock so divided, and an action of debt may be brought against them, or any of them, their executors or administrators, in any court of record in this state, by any creditor of said company, and may be prosecuted thereon

M

Dividends

ment of affairs

to judgment and execution; and each director present when such dividend shall be declared, shall be adjudged to be consenting thereto, unless he forthwith enter his protest on the minutes of the board, and give notice to the stockholders of the declaring of such dividend.

Sec. 16. And be it enacted, That at the annual meeting Annual state- for choice of directors, a statement of the affairs and busito be made. ness of the company for the preceding year, shall be made out and shown for the general satisfaction of the stockholders.

Officers to

Sec. 17. And be it enacted, That each director, the secretary, and every other officer of said company shall, before he enters on the duties of his office, take and subscribe an take an oath oath or affirmation, (as the case may be) faithfully to exeror affirmation. cise the duties of his office according to the best of his skill and understanding, which oath or affirmation may be administered by any judge of the Inferior Court of Common Pleas, or justice of the peace of this state.

Books of ac

count to be

open for inspection of

stock holders.

Limitation

Sec. 18. And be it enacted, That the said company shall cause to be kept at their office, proper books of account, in which shall be fairly and truly entered all the transactions of the company, which books shall be at all times open for the inspection of the stockholders.

Sec. 19. And be it enacted, That this act shall continue in force for the space of twenty-five years; but it shall and may be lawful for the legislature at any time to alter or May be alter-repeal the same.

of act.

ed or repeal'd Passed March 2, 1842.

cox divorced

AN ACT to divorce Ezekiel Wilcox, from his wife, Mary

Wilcox.

Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of Ezekiel Wil the same, That Ezekiel Wilcox, of the township of Rahfrom his wife way, in the county of Essex, and State of New-Jersey, be Mary Wilcox. divorced from Mary Wilcox, his wife: and that the bond of matrimony between the said Ezekiel and Mary, be, and from the passage of this act the same shall be, absolutely dissolved and made void.

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Sec. 2. And be it enacted, That within thirty days from the passage of this act, the said Ezekiel Wilcox shall surrender and give up to the said Mary Wilcox, all the lands and goods, and chattels, which he, the said Ezekiel, has now in his possession, and which belonged to the said Mary at the time she married the said Ezekiel; and shall pay to her, the said Mary, the sum of five hundred dollars, also within the said thirty days.

Passed March 2, 1842.

AN ACT for the relief of Sebastian Boughner of the county
of Hunterdon.

per annum.

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 treasurer of this state, for the time being, shall and he is hereby authorized and required to pay Sebastian Pension to Boughner, of the aforesaid county, a soldier in the service Sebastian of the United States in the revolutionary war, or to his Boughner of sixty dolls. order, the sum of sixty dollars per annum, to be paid to the said Sebastian Boughner in half yearly payments, from the passing of this act, during the lifetime of the said Sebastian Boughner, the first payment to be made on the passage of this act; and the receipt of the said Sebastian Boughner, or his order, shall be a sufficient voucher to the treasurer for such sums so paid as aforesaid, in the settlement of his accounts.

Passed March 2, 1842.

Preamble.

Trustees of

AN ACT for the relief of The First Presbyterian Church o
Mount Holly.

WHEREAS, the trustees of The First Presbyterian Church
of Mount Holly, have, ever since their incorporation,
been, and now are, in the quiet and undisputed possession
of a lot of ground known as the Presbyterian meeting-
house lot and grave yard, situated in the town of Mount
Holly, in the county of Burlington, lying on the north
side of Brainard-street, adjoining the Friends' burial
ground on the north, the Methodist meeting-house lot on
the west, and the Free School-house on the east: AND
WHEREAS, the same has ever since, a considerable period
prior to the revolution, up to the time of said incorpora-
tion, been in the quiet and peaceable possession of the
members of the Presbyterian congregation of Mount
Holly, except whilst occupied by the British, during a
part of the war: AND WHEREAS, it is the intention of
the said trustees to remove the remains of the few inter-
ments there made, to a more suitable aud befitting place,
with becoming decency and respect: AND WHEREAS, a
sale of the said lot, by a regular resolution of the said
trustees, is deemed to be highly necessary for the wel-
fare of the said church to enable them thereby to procure
a more suitable lot of ground, and to erect thereon a
house of worship, for the use of the said congregation:
AND WHEREAS, the trustees of the said church believe
that the authority and sanction of this legislature would
facilitate the sale of the said lot of land-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 trustees of The First Presbyterian Church of Mount Holly be, and they hereby are invested with the same right, title, interest, and estate of, in, and to the let the 1st Pres. of ground described in the preamble to this act, as fully as Church in the same was ever vested in the members of the congregaMount Holly tion of the said Presbyterian Church, at any time since the period of their original formation; and that it shall and may be lawful for the said trustees of The First Presbyterian Church of Mount Holly, by their president and trustees, or a majority of them, to grant and convey, in fee simple or otherwise, all and singular the said lot of land, and to make, execute, and deliver to the purchaser or purchasers thereof, such a deed or deeds, conveyance or conveyances,

invested with right, title & interest in

certain real

estate.

as will convey all the right, title, and interest of the said
trustees of the said church to the same.

Sec. 2. And be it enacted, That the said deed or deeds, to

tees' deeds.

the purchaser or purchasers of said premises, executed by Interests vest-
the said president and trustees, or a majority of them, shall ed by presi-
vest in the purchaser or purchasers thereof as good and dent and trus
sufficient a title and estate in the said premises as the said
trustees may have therein at the time of such conveyance
or conveyances.

Passed March 3, 1842.

AN ACT to divorce William Scott, of the county of Passaic,
from his wife, Elizabeth Scott.

divorced from

BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, William Scott That William Scott, of the county of Passaic, be and he is hereby divorced from his wife, Elizabeth Scott; and that his wife Elizthe marriage contract now existing between them, be and abeth Scott. the same is hereby dissolved; provided, that nothing herein contained shall be construed or taken to render the issue of said marriage illegitimate.

Passed March 3, 1842.

AN ACT Constituting an Independent Battalion in the county
of Passaic.

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, Independent
That an independent uniform battalion be, and the same is Battalion how
hereby formed in the county of Passaic, to be composed of composed.
the company of Passaic Guards, the Union Cadets, the
Lancers, and the Washington Temperance Guards, and