Proviso. Location. Act, when city of Trenton, declare the said bridge to be free for the passage of all foot passengers and vehicles of every description, without the exaction of any tolls whatever therefor; provided, the said city, by the common councils thereof, will agree to keep the same in repair; and so long as the same is thus kept in repair, it shall remain free, as aforesaid. 2. And be it enacted, That it shall be lawful for the presi dent and directors of said company to locate said bridge at such place as they may deem most suitable, being at and op posite the city of Trenton, on the river Delaware. 3. And be it enacted, That this act shall not go into effect to take ef- until a like supplement shall be passed by the legislature of Pennsylvania. fect. Approved February 25, 1847. $50 per an AN ACT for the relief of Hannah Taylor, of the county of Mon mouth. BE IT ENACTED by the Senate and General Assembly of the num to be State of New Jersey, That the treasurer of this state shall and paid to H. Taylor. is hereby authorized and required to pay to Hannah Taylor, the widow of Thomas Taylor, or her order, the sum of fifty dollars per annum, during her natural life, in semi-annual payments of twenty-five dollars each, the first payment to be made the first day of March next; and the receipt of the said Hannah Taylor, or her order, shall be a sufficient voucher to the treasurer, in the settlement of his accounts. Approved February 25, 1847. AN ACT for the relief of Henry Burdan, of the county of Bergen. BE IT ENACTED by the Senate and General Assembly of the $60 per annum to be State of New Jersey, That the treasurer of this state be authorpaid to H. ized and required to pay to Henry Burdan, of the county of Burdan. Bergen, a soldier of the Revolution, or his order, the sum of sixty dollars per annum, during his natural life, in semi-annual AN ACT to provide for the safe keeping of the prisoners of the county of Sussex. WHEREAS the jail of the county of Sussex has been destroyed Preamble. by fire, by reason whereof there is no place for the safe keeping of the prisoners committed to the custody of the sheriff of said county-therefore, thorized to convey pri Warren. 1. BE IT ENACTED by the Senate and General Assembly of Sheriff authe State of New Jersey, That, until a suitable jail shall be built for said county of Sussex, it shall be lawful for the sheriff of soners to said county to convey all prisoners committed, or who shall be committed to his custody, for any cause whatever, to the sheriff or jailer of the county of Warren, who shall thereupon, at the expense of the said county of Sussex, receive and keep such persons in the jail of said county of Warren, until discharged by due course of law, or until demanded by the sheriff or jailer of the county of Sussex, duly authorized by a resolution of the court of common pleas of said county of Sussex, under the seal of said court, and attested by the clerk thereof. 2. And be it enacted, That this act shall take effect imme- Act, when diately. Approved February 25, 1847. to take effect. AN ACT to incorporate the Newark Savings Institution. corporators 1. BE IT ENACTED by the Senate and General Assembly of Names of the State of New Jersey, That William Wright, John S. Darcy, Joel W. Condict, Samuel Meeker, Beach Vanderpool, Edwin Van Antwerp, Isaac Van Wagenen, William Stevens, Elihu and general powers. Day, Charles S. Macknet, Conrad Teese, James Hewson, James Wheeler, James Miller, Owen McFarland, Daniel Price, Peter S. Duryee, John C. Beardsley, James M. Quinby, and Silas H. Kitchell, of the city of Newark, John Wilde, of Bloomfield, Samuel H. Gardiner, of Clinton, John Kennedy, of Belleville, William Pierson, of Orange, and Abel S. Hetfield, of Elizabethtown, in the county of Essex, and their successors, shall be and are hereby constituted a body corporate Style of in- and politic, by the name of "the Newark Savings Institution:" corporation and, by that name, they shall have perpetual succession, and shall be persons capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts and places whatsoever; and may have a common seal, with power to change and alter the same from time to time; and, by that name, shall be capa ble of purchasing, taking, holding, and enjoying, to them and their successors, any real estate, in fee-simple or otherwise, and any goods, chattels, or personal estate which shall be necessary for the purposes above recited, and of selling, leasing, or otherwise disposing of the said real and personal estate, or any part thereof, at their will and pleasure; provided always, that the clear annual value of such real and personal estate. exclusive of the profits that may arise from the interest accru ing upon investments, or upon the sale of any investments in which the deposits may be made, shall not exceed the sum of ten thousand dollars. Proviso. Managers 2. And be it enacted, That the institution shall be conducted and officers. by twenty-five managers, twenty of whom shall be residents of the city of Newark; a majority of the managers shall be a quorum to do business, and the seat of any manager who shall have neglected to attend for four successive meetings, may be vacated by the board; the persons named in the first section of this act shall be the first managers of the institution; and the managers shall hereafter meet annually, on the second Monday in May, and choose one of their number as president; and they shall have power to appoint a secretary, treasurer, and such other officers as to them shall appear necessary; which officers, so chosen and appointed, shall continue in office one year and until others are chosen; and all officers so chosen shall be under oath for the faithful performance of the duties of their office respectively; and such officers shall have power to appoint a clerk or clerks, and such other agents or servants as they may deem necessary for conducting the affairs of the corporation, and to remove them at pleasure, and to appoint others in their stead, and to fix their salaries. Managers 3. And be it enacted, That the said board of managers shall to make by from time to time have power to make, ordain, and establish laws. 1 such by-laws and regulations as they shall judge proper for the election of their officers; for prescribing their respective functions, and the mode of discharging the same; for regulating the times and places of meeting of the officers and managers, and for the transacting, managing, and directing the affairs of the institution; provided, such by-laws and regulations shall not be repugnant to the constitution and laws of this state and of the United State; and such by-laws and regulations shall be put up in some public and conspicuous place in the room where the business of the said institution shall be transacted, but shall not be altered so as to affect any one who may have been a depositor previous to such alteration. receive de 4. And be it enacted, That the said corporation may receive, Corpora as deposits, all sums of money which may be offered for the tion may purpose of being invested, in such sums and at such times, and posits. on such terms, as the by-laws shall prescribe, which shall be invested accordingly, and shall be repaid to such depositor at such times and with such interest, and under such regulations, as the board of managers shall from time to time prescribe; and the said corporation may accept and execute all such trusts, of every description, as may be committed to said corporation by any person or persons whatsoever, by will or otherwise, or transferred to the same by order of any court. rates of in 5. And be it enacted, That it shall be the duty of the mana- Managers gers to regulate the rate of interest to be allowed to the depo- to regulate sitors, so that they shall receive a ratable proportion, as near terest. as may be, of the profits, after deducting therefrom all necessary expenses and a reasonable surplus or contingent fund; provided, that said rates of interest may, at the discretion of the managers, be so regulated that the interest allowed to depositors having one thousand dollars or more deposited, shall be at least one per cent. less than the interest allowed to other depositors, and so that no interest or dividend on account of said surplus fund shall be allowed for moneys which shall have been withdrawn from deposit. compensa 6. And be it enacted, That no emolument whatever shall Officers not directly or indirectly be received by the president or managers to receive for their services; nor shall they issue any notes or bills; nor tion. shall any manager, officer, or agent of the incorporation be allowed, directly or indirectly, to borrow any money or moneys from the said institution, or to use the same, except to pay necessary expenses; nor shall they have or hold any bonds, mortgages, or other securities for the payment of money drawn or endorsed by, or existing against any manager, officer, or agent of the institution; and no manager or officer shall have any interest in any of the deposits, or the profits arising from Invest ments. the same, except it may be due for deposits made by them as trustees, for the benefit of others. 7. And be it enacted, That the said corporation shall invest no money in any other public stocks than such as are created under the laws of the United States or of this state, nor on bonds and mortgages, except on unencumbered real estate worth at least double the amount of the sum invested, nor in the stock or loans of any incorporated company whatever. Certificates 8. And be it enacted, That all certificates or evidence of of deposit. deposit, made under the hand of the proper officer of the corporation, shall be as binding as if the same were under their common seal. minors. Deposits of 9. And be it enacted, That it shall be lawful for the said corporation, at their discretion, to pay to any depositor, being a minor, such sums as may be due to such depositor, not exceed ing five hundred dollars, notwithstanding that no guardian shall have been appointed for such depositor, and that the receipt or acquittance of such minor shall be as valid as if the same were executed by a guardian of such minor, duly ap pointed; provided, such deposit shall have been personally made by such depositor, and not by any other person, for his or her benefit. Payment of case of 10. And be it enacted, That a book shall be kept at the deposits in office of the corporation, in which every depositor shall be at death of de- liberty to appoint some person or persons to whom, in the positor. event of his or her death, the money shall be paid, if not otherwise disposed of by will; and all payments made to such persons so appointed shall be a full discharge to said corporation; and should no such appointment be made, such deposit, on the decease of the depositor, shall be paid to his or her legal representatives. Deposits of not received. 11. And be it enacted, That the corporation shall not be reless than $1 quired to receive on deposit a less sum than one dollar, nor to allow interest on any deposit until it amounts to the sum of five dollars, nor to pay interest on the fractional part of five dollars; and, to avoid the calculation of days on small sums, they shall not be required to allow interest for the fractional parts of a month. Deposits to 12. And be it enacted, That all deposits and payments shall be entered. be regularly entered in the books of the corporation; and every person depositing money shall be furnished with a duplicate of his or her account, in which every deposit or payment shall be regularly entered as soon as made. 13. And be it enacted, That the managers shall have power |