Amount of capital. Election of be necessary for conducting the business of the company in a proper manner; and that the said company may at any time use such portion of the steam or water power aforesaid for manufacturing purposes or for other mechanical operations, and may transact such business as may be necessarily connected therewith; and that the said Edmund Morris, Richard B. Jones, George Gaskill, Thomas Milnor, Ira B. Underhill, Amor W. Archer, Charles Vansciver, Joshua W. Collett, Jacob Laumaster, John Larzelere, Elwood Conner, and Samuel W. Earl, or a majority of them, are hereby authorized to receive subscriptions to the capital stock of the said company. 2. And be it enacted, That the capital stock of the said company shall not exceed twenty thousand dollars, to be subscribed for in shares of twenty dollars each; and as soon as three hundred shares have been subscribed for, the persons above named may, by public notice in a newspaper published in the city of Burlington, for a period of not less than thirty days, call a meeting of the stockholders of the said company for an elec tion of five directors. 3. And be it enacted, That the stock, property, and concerns of directors. the said company shall be managed and conducted by five direct ors, being stockholders, one of whom shall be president, who shall hold their offices for one year and until others are elected in their places; and the stockholders may vote either in person or by proxy, and shall be entitled to one vote for each share of the capital stock they may severally hold in said company; and in every election of directors, the stockholders having the greatest number of votes shall be directors; and the persons above named, or any three of them, shall be inspectors and judges of the first election; and the said directors, when elected, shall choose out of their own number a president; and the said president and directors shall annually thereafter, by public notice as aforesaid, call meetings of the stockholders for elect ing directors of the said company, and shall appoint three of the stockholders, not being directors, as inspectors and judges of the election; and the said president and directors, or a majority of them, may make by-laws, and may appoint such offi cers, superintendents, agents, and workmen, with such compensation as they may think proper, and may remove the same at their pleasure. When to business. 4. And be it enacted, That, as soon as four thousand dollars commence of the capital stock of said company shall have been paid, and an affidavit thereof shall be made by a majority of the associ ates named in this act, and filed in the clerk's office of the county of Burlington, it shall and may be lawful for the said company to commence their business; and the said president and directors, or a majority of them, shall have power to call in said stock, from time to time, in such instalments as they shall see fit, giving at least thirty days' notice as aforesaid, not exceeding five dollars on each share for every one instalment; and if any stockholder or stockholders shall neglect or refuse, for the space of three months after the expiration of the thirty days' notice as aforesaid, to pay his or their respective instalment or instalments on his or their respective share or shares so called as aforesaid, then the stock of said stockholder or stockholders so neglecting or refusing, and all previous payments thereon, may be forfeited to the said company, for the use and benefit of said company. 5. And be it enacted, That the stock of the said company Stock transshall be deemed personal property, and shall be transferable ferable. on the books of said company, or in such manner as shall be prescribed by the by-laws of said corporation. 6. And be it enacted, That a dividend of the profits of said Transfers company (except so much as may be set apart for a surplus registered. fund) shall be made semi-annually, by the said president and directors, among the stockholders; and no transfer of stock shall be valid or effectual until such transfer shall be entered or registered in a book or books to be kept by the president and directors for that purpose. lection of 7. And be it enacted, That all elections for directors of said Notice to be company shall be by ballot; and if the president and directors given of eof said company for the time being shall at any time neglect directors. or refuse to call annual meetings for the election of directors, as herein before prescribed, the stockholders, or a majority of them, may, within the time in such case prescribed, give notice and call meetings, and elect directors, in like manner as if said directors had given notice as prescribed by this act; and if, at any election of directors, two or more stockholders shall receive an equal number of votes, then the directors for the time being shall determine by ballot which of such stockholders shall be directors; and on the death or resignation of any of the directors, the remaining directors shall choose, from among the stockholders, some fit person or persons to fill the vacancy, who shall hold his or their office or offices until the next annual election. ed for fail 8. And be it enacted, That in case it should happen that an Company election for directors should not be held or made on the day not dissolvon which, pursuant to this act, it ought to have been held and ure to elect made, the corporation shall not for that cause be deemed to be on day predissolved; but it shall be lawful to hold such election at such other time as may be prescribed by the by-laws of said corporation, after thirty days' notice. scribed. Limitation. 9. And be it enacted, That the corporation hereby created shall continue twenty years, and shall possess the general pow ers, and be subject to the general restrictions and liabilities, set forth in "An act concerning corporations," approved on the fourteenth day of February, eighteen hundred and forty-six. Approved February 25, 1847. Supplement to an act entitled, "An act to erect a part of the township of Nottingham, in the county of Mercer, into a bo rough, to be called the Borough of South Trenton," passed February twenty-eighth, eighteen hundred and forty. Preamble. WHEREAS it has been represented to this legislature, by the pe tition of the burgesses and inhabitants of the borough of South Trenton, in said state, that the present act of incorporation of said borough has, by experience, been found insufficient to answer the good purposes thereby intendedtherefore, Burgesses to act as justices. Burgesses, ized to pass 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That, for the better governing of the said borough, and the inhabitants thereof, the burgesses shall be entitled to use and exercise the like power, authority, and jurisdiction, in all criminal matters, as the justices appointed in and for the several counties of this state are or may be by law entitled to use and exercise. 2. And be it enacted, That the burgesses and inhabitants of &c. author- the said borough shall have full power, from time to time, to ordinances. pass ordinances for the more effectual suppression of vice and immorality, or preserving peace and good order, preventing or restraining riots, routs, disturbances, or disorderly assemblages, in any street, house, or place in said borough, and to pass such other by-laws and ordinances for the better regulation of said borough as they may deem expedient, not repugnant to the constitution of this state or of the United States, and to enforce the observance of all such laws or ordinances, by enacting penalties for the violation thereof, either by imprisonment not exceeding seven days in the county jail, or by a fine no excceding fifty dollars, recoverable, with costs, in an action of debt, by any person, in the name of the collector of said bo rough; and the fine to be applied to and for the use of said 1 borough; provided always, that each and every ordinance so passed as aforesaid, shall be published for the space of twenty days in, at least, one newspaper published or circulated in Trenton or South Trenton, before said ordinance shall go into effect. L ment of con 3. And be it enacted, That, in addition to the high consta- Appoint ble now elected at the annual borough election, it may be law-stables. ful for the burgesses, or a majority of them, to appoint one or more constables, not exceeding five, for the better preservation of the peace in said borough; to have the same powers, receive the same fees and compensation for their services, as the township constables now have; to be under the same rules and regulations, with sufficient sureties. watch. 4. And be it enacted, That the burgesses, or a majority of Night them, shall have power to appoint a night watch or watchmen, whenever they shall consider it expedient, the services of the said watchmen to be paid by the borough. be levied. 5. And be it enacted, That the burgesses are hereby em- Tax may powered to cause to be raised by tax, from year to year, such sum or sums of money as they shall deem expedient for borough purposes; but such sum shall not exceed one thousand dollars in any one year, including what shall have been ordered by the inhabitants at their annual borough meeting. sioners of appeal. 6. And be it enacted, That, in addition to the several officers Commisnow elected by the present act, there shall be elected, at the borough annual election, three commissioners of appeal, each and every year respectively, to hear and determine all appeals. in cases of taxation, who shall meet at such time and place as the burgesses shall appoint, of which meeting ten days' notice shall be given by the clerk, by advertisement set up in five of the most public places in the borough. case of non 7. And be it enacted, That in case of the nonpayment of Returns to taxes at the time appointed, the collector of the borough shall be made in make out a list of the names of the delinquents, with the sums payment of due from them, respectively, thereto annexed, and deliver the taxes. same to some justice of the peace of the county, between the first day of July and the twentieth day of September in every year, on such day between those dates as the burgeses shall direct. 8. And be it enacted, That any person who may think him- Appeals self or herself aggrieved by any fine under any of the ordi- from fine. nances of said borough, may appeal to the court of common pleas of the county of Mercer from the decision of the bur gesses; the party demanding such appeal shall enter into a bond, with at least one good and sufficient surety, being a free Inhabitants may be wit jurors. holder in said borough, and in double the sum for which such judgment was given, conditioned that the appellant shall appear and prosecute the said appeal in the said court of common pleas of the county of Mercer, shall stand to and abide the judg ment of the said court, and pay such further costs as shall be taxed, if the judgment be affirmed. 9. And be it enacted, That upon the trial of any issue, or nesses and upon the judicial investigations of any fact, to which issue or investigations the burgesses and inhabitants of South Trenton are a party, or in which they are interested, no person shall be deemed an incompetent witness or juror by reason of his being an inhabitant or freeholder of said borough; and if any person shall be sued or impleaded, by reason of any thing done by virtue of this act, it shall be lawful for such person to plead the general issue, and to give this act and the special matter in evidence at the trial. Borough to be divided into two road districts. Act, when 10. And be it enacted, That in raising money for borough purposes, either by the inhabitants, at their annual meetings, or by the burgesses, by virtue of this act, the amount to be raised for roads shall be particularly specified; and that said borough shall be divided into two road districts, the middle of the Lamberton road to be the dividing line between them; and that the road money derived from each district, shall be expended in the district from which it is derived. 11. And be it enacted, That this act shall take effect immeto take ef- diately. fect. Approved February 25, 1847. AN ACT to authorize Charles G. Allen to build, maintain, and keep in repair a dock or wharf in front of his lands, in the township of Shrewsbury, in the county of Monmouth. Preamble. WHEREAS Charles G. Allen, of the township of Shrewsbury, in the county of Monmouth, and state of New Jersey, hath, in his petition, represented that he is the owner of certain lands, situate in the township of Shrewsbury, in the county of Monmouth, adjoining waters of the Navesink, or North river, and hath prayed that a law may be passed authoriz ing him to build, maintain, and keep in repair a dock or |