Members may be sued 1 case of neglect or re fusal to pay. Members may be as settle and determine the sums to be paid by the several members thereof, as their respective proportion of such loss, and publish the same in such manner as they shall see fit, or as the by-laws shall have prescribed; and the sum to be paid by each member shall always be in proportion to the original amount of his deposite note or notes, and shall be paid to the treasurer within thirty days next after the publication of said notice; and if any member shall, for the space of thirty days after the publication of said notice, neglect or refuse to pay the sum assessed upon him, as his proportion of any loss as aforesaid, in such case the directors may sue for and recover the whole amount of his deposite note or notes, with costs of suit; and the amount thus collected shall remain in the treasury of said company, subject to the payment of such losses and expenses as have accrued or may thereafter accrue; and the balance, if any remain, shall be returned to the party from whom it was collected, on demand, after thirty days from the expiration or cancellation of his or her policy. Sec. 10. And be it enacted, That whenever and as often as it shall happen that the whole amount of the funds of the said company, and of the sums due on the deposite notes held sessed in case by it, shall be insufficient to pay the whole loss occasioned by of detency, any fire, the directors shall assess upon and demand from each member a further sum, in proportion to the original amount of his or her deposite note, and shall divide the whole amount of the said funds, deposite note and assessment, among the sufferers by such fire who have been ensured by said company, in proportion to their losses and the amounts by them respectively ensured; but no such assessment of a greater amount than one dollar on every hundred dollars, by the members respectively ensured, shall at any time be made for the loss or damage occasioned by any one fire; and any member who shall pay the whole amount of his or her deposite note, and of any assessment then made, and surrender his or her policy of ensurance, shall be discharged from all liability for any loss or damage that may occur after such payment and surrender. Transfers, how made. Sec. 11. And be it enacted, That no transfer of any policy of assurance of the said corporation shall be valid until entered into the book of the company, and certified on such policy by the secretary... Sec. 12. And be it enacted, That it shall be duty of the secretary to give notice of all meetings of the corporation, to Duty of Sec- attend the same, to keep a faithful record of their proceedings, retary. also an account of profit and loss, fill up all policies of assurance, countersign and seal the same with the seal of said corporation, certify all drafts or orders of the president for the payment of money, and such other duties as the company or board, from time to time, by their by-laws, may direct. corporation, Sec. 13. And be it enacted. That all the operations and busi-Business of ness of the corporation shall be carried on and conducted at where consuch place in Pennington, as shall be designated by a majority ducted. of the directors present at any regular meeting. Sec. 14. And be it enacted, That at every meeting of the Statements to said company, the directors for the time being shall make and be exhibited. exhibit a full and true statement of the affairs and business of the said company for the preceding year, for the general satisfaction of the members of the said company. Sec. 15. And be it enacted, That the said company shall Restrictions. not, by virtue of any of the provisions of this act, exercise. banking privileges directly or indirectly. be at Sec. 16. And be it enacted, That this act shall continue in force thirty years, and no longer, and that the same may any time hereafter, altered, amended, or repealed by the Legislature. Passed March 5, 1844. Limitation. AN ACT to incorporate parts of the townships Pequanack, and Hanover, in the county of Morris, into a separate township to be called the township of Rockaway. Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the au thority of the same, That all that part of the townships of Pequanack and Hanover in the county of Morris, lying with Boundaries in the following boundaries, to wit: Beginning at the bridge of township. over the Pequanack river, at Charlottenburgh Iron Works, and thence running a straight line to the north end of county bridge, first above Elijah D. Scott's Forge, at Powerville, and to include all that part of Hanover that may lay to the north and west of said line; thence a straight line to the centre of the natural pond in Parsippany woods, called Green's pond; thence a straight line to the corners of the townships of Morris, Hanover and Randolph, on the top of Trowbridge moun Juhabitants incorporated. Township committees to divide pro perty, &c. tain; thence on the lines of the townships of Hanover and Randolph to the mouth of Dell's brook where it empties into Rockaway river; thence on the lines of Randolph and Pequanack to the mouth of Stephen's brook, where it empties into Rockaway river at the corner of the townships of Jefferson and Pequanack to the place of beginning, shall be and the same is hereby set off from the townships of Pequanack and Hanover, and the same is hereby established a separate township to be called by the name of the township of Rock away. Sec. 2. And be it enacted, That the inhabitants of the said township of Rockaway shall be and they are hereby constituted a body politic and corporate, and shall be styled and known by the name of "The inhabitants of the township of Rockaway, in the county of Morris," and shall be entitled to all the rights, powers, authority, privileges, and advantages, and subject to the same regulations, governments and liabilities as the inhabitants of the other townships in the said county of Morris are or may be entitled or subject to by the existing laws of this state. Sec. 3. And be it enacted, That the township committees of the townships of Pequanack and Rockaway, shall meet on the third Monday of April next, at ten o'clock in the forenoon, at the house of David Menaugh at Rockaway, innkeeper in the said township of Rockaway, and shall then and there proceed by writing to be signed by a majority of those present, to allot and divide between the said townships all the property and money on hand or due, or to become due, in proportion to the taxable property and rateables, as valued and assessed by the assessors within the respective limits of the said townships at the last assessment; and again in like manner the township committees of the townships of Rockaway and Hanover, shall meet on the third Tuesday in April next at the inn now kept by David Menaugh in the township of Pequanack, at one o'clock in the afternoon, and when so met, shall proceed to make division in like manner as in the case of Pequanack; and may adjourn the said meeting from time to time, and to such time and place as a majority of those present may think proper, and the township of Rockaway shall be liable to pay their just proportion of the debts, if any there be; and if any of the members of the said township committees shall neglect to meet as aforesaid, those present may proceed to make such division, and their division or the division of a majority of them, shall be final and conclusive. Sec. 4. And be it enacted, That John Gray, Benjamin Crane, and Freeman Wood, or any two of them be, and they Commission ers to run and are hereby appointed commissioners to run, survey, mark, and ascertain the several lines herein before mentioned, which said commissioners shall before the second Monday in April next, execute and discharge the duties of their said appoint- survey lines. ment, in the same manner and in all respects as if they had been appointed commissioners for the purpose aforesaid, by the Inferior Court of Common Pleas, of the county of Morris upon the application of Chosen Freeholders of the said county, except only that it shall not be necessary for the said commissioners to give notice of the time and place to perform the duties of their said appointment, and that the charges and expenses of said commissioners shall be taxed and paid as is by law directed in case of commissioners appointed by the Court of Common Pleas, upon the application of the board of Chosen Freeholders. annual town Sec. 5. And be it enacted, That the inhabitants of the said township of Rockaway shall hold their first annual town Time and meeting at the house now kept by David Manaugh at the place of first village of Rockaway in the said township of Rockaway, on meeting. the day appointed by law for holding the annual town meetings in the other townships in the said county of Morris. Sec. 6. And be it enacted, That the fourth seetion of this act shall go into effect immediately after the passage thereof. Act when to and the remaining sections on the second Monday in April next. Passed March 5, 1844... take effect. Preamble. Administra AN ACT authorizing the Administrators of Harman Dilts, deceased, to convey certain real estate. WHEREAS, it is represented that Harman Dilts, late of the township of Lebanon in the county of Hunterdon, deceased, in his lifetime, entered into an agreement in writing, attested by only one witness, with Elisha Hummer, for the sale and conveyance of a certain tract of land situate in the said township of Lebanon, for which he was to pay the said Harman Dilts the sum of three hundred dollars. that in pursuance of said agreement, a part of the said sum has been paid, but that the said Harman Dilts hath since departed this life, intestate, leaving a widow and letters of administration on the estate of said Harman Dilts, deceased, hath been granted to Jacob Anthony and William Cregar, and whereas the said administrators together with the said widow have prayed the legislature to pass an act authorizing the said administrators, to make and deliver to the said Elisha Hummer, or to their assigns a good and sufficient deed of conveyance for the said tract of land, therefore, Sec. 1. BE IT ENACTED by the Council and General As sembly of this State, and it is hereby enacted by the authority of the same, That the said Jacob Anthony and William Cretors author. gar, administrators of the said Harman Dilts, late of the ized to make county of Hunterdon, deceased, be, and they are hereby auconveyance. thorized, in fulfilment of the aforesaid agreement, to make, execute, and deliver to the said Elisha Hummer, a good and sufficient deed of conveyance for said tract of land, which said deed, duly executed, shall convey to and vest in the grantee therein named, all the estate, right, title and interest of which the said Harman Dilts, died siezed, in and to the same, as fully and effectually as if the said deed had been duly executed by the said Harman Dilts in his lifetime. Passed March 5, 1844. |