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Restrictions.

Stocktransferable.

Transfers

to be registered.

Former contracts

obligatory

jority of the number of shares owned by the whole of the sai board of directors, shall form a board or quorum for the transaction of the business of the said corporation, and shall have power to make and prescribe such by-laws, rules, and regulations, not repugnant to the constitution and laws of the United States and of this state, as to them shall appear needful and proper touching the concerns of the said corporation; and shall also have power to appoint and employ so many officers, clerks, and workmen for carrying on said business, and with such salaries and allowances as to them shall seem meet; and shall, furthermore, have power to hold such special meetings of their board at Boston, in the state of Massachusetts, as a majority of their number may elect.

6. And be it enacted, That nothing in this act contained shall authorize said corporation to use its funds for banking operations, or the loan of moneys, or for any other purposes than are herein before expressed.

7. And be it enacted, That the stock of the said company shall be deemed and considered personal estate, and be transferred in such manner as shall be prescribed by the by-laws of the said company; and that for all debts which shall be due and owing by the said company, the persons then composing such company shall be individually responsible, to the extent of their respective shares of stock in said company, and no further; but this shall not be construed to exempt the said corpo ration, or any estate, real or personal, which they may hold as a body corporate from being liable.

8. And be it enacted, That no transfer of stock of said company shall be valid or effectual until such transfer shall be endorsed or registered in the book or books, to be kept by the president and directors for that purpose, which book shall at all times be open to the inspection of the stockholders.

9. And be it enacted, That the contracts entered into by the said William K. Tucker touching and concerning leases of on compa. any part of the said tracts of land, shall be, and the same are hereby made obligatory on the president and directors hereafter elected, and their successors, to fulfil the same, as if made by themselves.

ny.

Limitation.

10. And be it enacted, That this act shall be and continue in force for and during the term of thirty years from the pass ing thereof, and no longer; and that the legislature may alter, modify, or repeal this act, whenever in their opinion the public good may require it.

Approved February 26, 1847.

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AN ACT to change the names of Richard H. Smith, Mary D.
Smith, and Francis M. Smith, of the county of Camden.

Smith

1. BE IT ENACTED by the Senate and General Assembly of Name of the State of New Jersey, That the name of Richard H. Smith, Richard of the city and county of Camden, be, and the same is hereby changed. changed to Richard Smith Trowbridge; and by that name the said Richard H. Smith shall hereafter be known and distinguished, and be authorized to acquire, hold, and transmit property, and do all other lawful acts and things.

Mary D.

2. And be it enacted, That the name of Mary D. Smith, the Name of wife of the said Richard Smith Trowbridge, late Richard H. Smith and Smith, be changed to Mary D. Trowbridge, and the name of Francis M. Francis M. Smith, the son of the said Richard and Mary, be changed. changed to Francis M. Trowbridge.

Smith

3. And be it enacted, That this act shall be so construed as Legalrights in no wise to enlarge, restrain, or alter the legal rights and li- not altered. abilitics of the parties hereby authorized to change their names as aforesaid.

Approved February 26, 1847.

AN ACT to authorize Andrew Brown to build, maintain, and keep
in repair a dock or wharf in front of his lands, in the township
of Middletown, in the county of Monmouth.

WHEREAS Andrew Brown, of the township of Middletown, in Preamble.
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 Middletown, in the county of Mon-
mouth, adjoining waters of the Navesink, or North river,
and hath prayed that a law may be passed authorizing him
to build, maintain, and keep in repair a dock or wharf, ex-
tending a sufficient distance into said river for the accom-
modation of vessels navigating the same-therefore,

to build

1. BE IT ENACTED by the Senate and General Assembly of A. Brown
the State of New Jersey, That it shall and may be lawful for authorized
Andrew Brown, his heirs and assigns, to build, maintain, and dock.
keep in repair a dock or wharf upon and in front of his own
lands, in the township of Middletown, in the county of Mon-

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Penalty for injuring dock.

mouth, and from time to time to rebuild and repair the same, and to lay vessels at said dock or wharf, and receive dockage or wharfage therefor, from all persons using the same; provided, that this act shall not affect the legal rights of any per son whatever.

2. And be it enacted, That if any person or persons shallin any way injure the said dock or wharf, such person or persons shall be responsible, and shall make good all damage which the owners may sustain, recoverable by action of trespass, in any court having jurisdiction of the same.

Approved February 26, 1847.

Names of

Time and

nual elec.

rectors.

AN ACT to incorporate the Alleghany Mining Company.

"

1. BE IT ENACTED by the Senate and General Assembly of corporators the State of New Jersey, That Doct. William P. Clark, Charles Bartles, James Hunt, Alexander V. Bonnell, and Peter I. Clark. and such others as are or may hereafter be associated with them, shall be, and hereby are ordained, constituted, and declared to be a body corporate and politic, in fact and in name, by the name of the Alleghany Mining Company," to be located in the county of Warren, in the state of New Jersey. 2. And be it enacted, That the stock, property, concerns. node of an- and affairs of the said corporation shall be managed and con tion of di- ducted by seven directors, who shall be annually elected on the second Tuesday of January, at such time of the day, and at such place in the county of Warren, state of New Jersey, as the by-laws of the said corporation shall direct; and public notice shall be given of the time and place of holding such election, not less than thirty days previous thereto, in one of the newspapers printed at Belvidere and in one of the newspapers printed in the city of Trenton; and the election shall then and there be made, by such of the stockholders as shall attend for that purpose, in person or by proxy; and all elections shall be by ballot, each share having one vote; and the persons who shall have the greatest number of votes shall be the directors; and the said directors, so soon as may be after their election, shall proceed, in like manner, to elect by ballot one of their number to be their president; and if any vacancy or vacancies shall at any time happen among the directors elected by the stockholders, by death, removal, resignation, or otherwise, such

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is vacancy or vacancies shall be filled for the remainder of the in year in which they may happen by such person or persons as the remainder of the directors for the time being, or a majority of them, shall appoint; provided, that the first election shall be held within ninety days after the passage of this act, twenty days' notice, in the papers aforesaid, to be given of said election by the persons named in the first section of this act; and the directors so elected shall serve until the second Tuesday of January, A. D. eighteen hundred and forty-eight.

not dissolv

on day pre

3. And be it enacted, That in case it should at any time hap- Corporapen that an election of directors should not be made on the day ed for failthat pursuant to this act it ought to be made, the said corpora- ure to elect tion shall not for that cause be deemed to be dissolved; but it scribed. shall and may be lawful to hold such election on such other day, in the manner aforesaid, as shall be prescribed by the bylaws and ordinances of the said corporation.

stock.

4. And be it enacted, That the capital stock of the said cor- Amount of poration shall consist of the tracts of lands, mines, mining pri- capital vileges, minerals and ores, engines, smelting furnaces, and all the improvements thereon, situated and being in the said county of Warren, belonging to the above named corporators, or which they or the said company may hereafter acquire, not exceeding in value the sum of two hundred thousand dollars, which shall be divided into ten thousand shares, of twenty dollars each; and it shall be lawful for the directors of said corporation to assess, from time to time, upon each share of the stock of said corporation a sum not exceeding the gross amount of five dollars, in sums not exceeding one dollar at any one time, and at intervals of not less than thirty days; and it shall be lawful for the directors to assess a still further sum of five dollars on each share of the capital stock; provided, that twothirds in interest of the stockholders of said corporation shall advise and consent thereto, at a meeting of the stockholders called for this purpose, and notice given of the same, as provided for in the second section relating to election of directors; any stockholder refusing to pay an assessment regularly laid, and of which notice shall have been given, as heretofore provided for, shall forfeit to said corporation each and every share of stock upon which such assessments remain unpaid for the period of thirty days after notice shall have been given, in such form as the directors may ordain in the by-laws, to the stockholder that such assessment was due and unpaid.

5. And be it enacted, That a majority of the directors for Majority of the time being shall form a board or quorum for the transact-directors to ing of the business of the said corporation.

6. And be it enacted, That the stock of the said corpora

form board.

Stock trans-tion shall be deemed personal estate, and be transferable in ferable. such manner as shall be prescribed by the by-laws of the said corporation.

Tranfers to

be register

ed.

Limitation.

Individual

to be affect

ed.

7. And be it enacted, That no transfer of stock of said corporation shall be valid or effectual until such transfer shall be entered or registered in the book or books to be kept by the president and directors for that purpose; which book shall at all times be open to the inspection of the stockholders.

8. And be it enacted, That this act shall continue in force for the term of twenty years, and the said corporation shall possess the general powers, and be subject to the restrictions and liabilities, contained in the act entitled, "An act concerning corporations," approved the fourteenth day of February, one thousand eight hundred and forty-six, so far as the same are applicable.

9. And be it enacted, That nothing herein contained shall rights not be so construed, or shall so operate, as to deprive any person of any right or interest he, she, or they may have in the mining lands which may be purchased, or have or may be contracted for or contemplated to be conveyed to this company, except by a legal grant of the same.

Approved February 26, 1847.

Names of

AN ACT to incorporate the Somerville and Easton Railroad

Company.

1. BE IT ENACTED by the Senate and General Assembly of corporators the State of New Jersey, That Garret D. Wall, Thomas A. Hartwell, William Thompson, John O. Sterns, John Kean, George H. Pegram, and William P. Robeson, and such other persons as may hereafter be associated with them, shall be and are hereby ordained, constituted, and declared to be a body corporate and politic, in fact and in name, by the name of "the Somerville and Easton Railroad Company," and shall be capable of purchasing, holding, and conveying any lands, tene ments, goods and chattels, whatsoever, necessary or expedient for the objects of this incorporation.

Style.

Amount of capital stock.

2. And be it enacted, That the amount of the capital stock of said company shall be twelve hundred thousand dollars, with liberty to increase the same to two millions of dollars, and shall

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