township. A supplement to "An act to set off from the township of South Amboy, in the county of Middlesex, a new township, to be called the township of Monroe," passed February twentythird, eighteen hundred and thirty-eight. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the river Matchaponix shall Boundaries of remain the north and north-easterly boundary line of the township of Monroe, in the county of Middlesex, to the point at which the stream of water, or brook, known by the name of the Reedy bog run empties into said Matchaponix river, at the beginning corner of the lands of Charles Abraham; thence the northerly boundary line of said township shall follow the course of the said Reedy bog run till it reaches the road leading from Englishtown to Old bridge; thence, up said road, to the division line between the counties of Middlesex and Monmouth, the residue of said township line remaining as heretofore by said act provided. Part of former act repealed. Act, when to take effect. 2. And be it enacted, That that part of said act to which this is a supplement, which is inconsistent with this act, is hereby repealed. 3. And be it enacted, That this act shall take effect imme-diately. Approved, February 14, 1846. per annum to A. Hart. AN ACT for the relief of Asher Hart, of the county of Mer- cer. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the treasurer of this state is Pension of $60 authorized and required to pay unto Asher Hart, of the county of Mercer, a soldier of the Revolutionary war, or his order, the sum of sixty dollars per annum, during his natural life, in semi-annual payments, of thirty dollars each, the first payment to be made the first day of March next; and the receipt of the said Asher Hart, or his order, shall be a sufficient voucher to the treasurer, in the settlement of his accounts. Approved, February 14, 1846. A supplement to an act entitled, "An act to release to Betsey Cook the right and title of the state of New Jersey to certain land and premises in the township of Saddle River, in the county of Bergen," approved April second, eighteen hundred and forty-five. WHEREAS it is stated in the title, preamble to, and first section Preamble of the act to which this act is a supplement, that the land and premises therein mentioned are situate in the township of Saddle River, in the county of Bergen; and whereas said land and premises, to which the right and title of the state. of New Jersey were by said act intended to be released, are situate in the township of Lodi, in said county, and not in the township of Saddle River-therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the aforesaid act be construed Part of former as if the word Lodi were substituted for the words "Saddle act modified. River," in the title, preamble to, and first section of said act; and said title, preamble, and first section are modified accordingly, anything therein contained to the contrary in any wise notwithstanding. 2. And be it enacted, That the legal title in fee-simple to Title vested in. said land and premises shall vest in the said Betsey Cook, her Betsey Cook. heirs and assigns, as soon as the administrator, named in the act to which this is a supplement, shall execute and deliver to her a deed for the same. Approved, February 16, 1846.. AN ACT for the relief of Elizabeth Weatherby, of the county of Burlington. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the treasurer of this state is Pension of $50 hereby authorized and directed to pay to Elizabeth Weatherby, granted to E. Weatherby.. widow of William Weatherby, a soldier of the Revolutionary war, or her order, thirty dollars per annum during her natural life, in semi-annual payments of fifteen dollars each, the first payment to be made on the tenth day of March, eighteen hundred and forty-six. Approved, February 16, 1846, Preamble. AN ACT to incorporate the Gloucester Land Company. WHEREAS it is represented to the legislature, that John Rodman Paul, Callender Price, Thomas S. Newlin, Benjamin Marshall, John Siter, Richard Price, Joseph Price, junior, Richard Ashhurst, Lewis R. Ashhurst, John Ashhurst, John R. Worrell, James C. Worrell, Gideon Scull, David S. Brown, Robert F. Walsh, Benjamin T. Tredick, William Woodnutt, Charles W. Churchman, Mordecai D. Lewis, Robert Wharton Sykes, Thomas Sparks, and Samuel R. Simmons are the owners of a tract of land, containing about one hundred and fifty acres, situated on the river Delaware, at Gloucester Point, in the township of Union, in the county of Camden, New Jersey, and have laid out the same into building lots, streets, and sites for manufacturing purposes, with the view of erecting a town, to be called "Gloucester;" and already there have been established two large steam cotton manufactories, and other manufactories, and lots have been sold, upon which about one hundred substantial stores and dwelling-houses are now built, and they intend to sell building lots to all who are disposed to purchase in said town; and whereas it is indispensable that no obstacle should exist to the making of good and sufficient titles for said lots, by reason of death or other causes affecting the individuals now owning said land—therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John Rodman Paul, Callender Names of cor- Price, Thomas S. Newlin, Benjamin Marshall, John Siter, porators. Style of incorporation and Richard Price, Joseph Price, junior, Richard Ashhurst, Lewis R. Ashhurst, John Ashhurst, John R. Worrell, James C. Worrell, Gideon Scull, David S. Brown, Robert F. Walsh, Benjamin T. Tredick, William Woodnutt, Charles W. Churchman, Mordecai D. Lewis, Robert Wharton Sykes, Thomas Sparks, Samuel R. Simmons, and their successors, shall be, and they are hereby incorporated and made a body politic and corporate, in fact and in name, by the name of "the Gloucester Land Company;" and, by that name, shall have perpetual general powers. succession, and be capable in law of purchasing, for the use of said company, and of holding and conveying such real and personal property as may be necessary for the objects of this incorporation; may sue and be sued, plead and be impleaded, answer and be answered unto, defend and be defended, in all courts of law and equity; and may receive and make all deeds, conveyances, grants, transfers, covenants, contracts, agreements, and bargains, whatsoever, necessary for the said purposes; and may have and use a common seal, which they shall have power to renew and alter at pleasure; and, generally, do any act or thing necessary to carry into effect the provisions of this act, and promote the objects and designs of said company, as authorized by this act. tion for direct ors. 2. And be it enacted, That the stockholders of said com- Time and mode pany shall meet annually, on the second Monday of May, at of annual elecGloucester, two weeks' previous notice of the time and place of meeting having been given in a newspaper published in the county of Camden, and shall then and there proceed to elect, by ballot, such number of directors as their by-laws shall direct, to serve for the term of one year and until others are chosen in their places; and said election shall be made by such of the stockholders of said company as shall attend for that purpose, either in person or by proxy, each share of stock to entitle the holder thereof to one vote; the directors so chosen shall elect one of their number to be president of the board of directors of said company, and, in case of vacancy or absence, the office shall be filled by such person or persons as the remainder of the directors, or a majority of them, may appoint; if an election shall not be held at the time so appointed, it may take place at any future time, on the like notice. directors. 3. And be it enacted, That the stockholders may meet at Meeting for any time after the passage of this act (due notice in writing election of first having been previously given to each stockholder), for the purpose of organizing said company, and of electing directors, to hold their office until the annual meeting on the second Monday of May next, or until others shall be chosen in their places. &c., to compa ny. 4. And be it enacted, That, so soon as the said company Trustees to shall be organized, the said John Siter and Samuel R. Sim- convey lands, mons, who now hold the same in trust for the owners, shall convey to the said company, by their corporate name, the residue of said lands unsold, and shall assign and transfer to the said company all bonds, mortgages, or other securities held by them, and pay over all moneys received by them for lands sold, first deducting therefrom all costs and expenses attending such sales; and the said company are hereby authorized to purchase and hold such lands adjoining the above described premises, which, by forming angles and projections into their plot, mar the regularity and beauty of the whole, and such lands as may be necessary to reclaim portions of their property now flooded by the tide; provided the lands to be purchased shall not exceed thirty acres in the whole. 5. And be it enacted, That the said company are authorized Company auto improve the above described premises, and any other lands thorized to lax out lots, &c., Powers of directors. Amount of capital stock. Deeds to con hereby authorized to be purchased, by laying out the same in lots, streets, squares, blocks, lanes, alleys, or other divisions, and levelling, raising, and grading streets; and they shall have liberty to fill up, occupy, possess, and enjoy all lands covered with water fronting and adjoining the premises, that may now be owned, or may hereafter be purchased by them, and may construct thereon wharves, harbours, piers, slips, or other structures necessary for commercial and shipping purposes. 6. And be it enacted, That the directors shall have full power to make by-laws, and to appoint such officers and agents as they shall deem expedient for the well conducting and transacting the business of the company, to declare and provide for the payment of dividends to the stockholders, and in general to superintend the business and concerns of the company; provided such by-laws shall not be repugnant to the constitution and laws of this state or of the United States. 7. And be it enacted, That the capital stock of the said company shall be fifty thousand dollars, to be divided into shares of one thousand dollars each, and shall be deemed personal property, transferable only on the books of the company, in such manner as the by-laws shall direct; and nothing herein contained shall be construed to restrict the legislature from imposing any tax upon the property of the company; and no part of the capital stock shall be used for banking purposes, or for any other purposes not clearly indicated by this act. 8. And be it enacted, That the deeds to be made by the company, for property hereafter to be sold, shall each contain tain restrictions a clause prohibiting the making, selling, or vending malt or spirituous liquor, similar to the clause contained in the deeds for lots heretofore sold by the said John Siter and Samuel R. Simmons. Proceeds of sales to be invested. Limitation. 9. And be it enacted, That the proceeds of all sales of lands shall be invested in bonds and mortgages, or other securities, until they shall amount to fifty thousand dollars, after which, the interest arising from said investment, together with the further proceeds of the sales of lots, may be divided among the stockholders, until the said land is all disposed of, after which the capital stock shall be divided among the stockholders, and this charter shall cease and determine; provided no division of the capital stock shall be made until all the debts of said company shall be paid. 10. And be it enacted, That this act shall not continue in force longer than twenty years, and the legislature may alter, modify, or repeal the same, whenever in their opinion the public good requires it. Approved, February 16, 1846. |