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irectors to be
said capital stock be received by John M. Lindsley, Allen CommissionDodd, and Stephen Condit, or any two of them, who are here- ers to receive by appointed commissioners for that purpose, and whose duty
ot, subscriptions. it shall be, as soon as convenient after the passage of this act, having given one month's previous notice of the time and place or places, by advertisement, in three of the most public places in the township, to open books of subscription at such place in the village of Orange as they may think proper, and continue the same open until the whole amount of the stock of the said company shall have been subscribed; whereupon it shall be the duty of said commissioners to call a meeting of the stockholders, by the same previous notice, of the time when, and place where such meeting shall be held, who shall proceed, in person or by proxy, to elect seven directors, to President and manage the affairs of said company; and the said directors, di
' chosen. so chosen, shall elect, in the manner herein after prescribed, one of their number to act as president: and it shall be the duty of said commissioners to pay into the hands of the said directors, all moneys they or any of them may have received on account of subscriptions.
Sec. 5. And be it enacted, That the said directors shall hold their offices from the day of election until the first Monday in April following, or until others shall have been chosep; which choice of directors shall take place on the first Monday in Ti April, in each year, at such place and time of day as the di- mode of anrectors for the time being may or shall appoint; and notice nual election shall be given by the said directors, not less than ten days of directors. previous to the time of holding said election, by advertisements, put up in three of the most public places in the township of Orange; and for the well ordering which election, the directors shall, previously thereto, appoint three stockholders, not being directors or candidates for directors, to be judges of election, who shall conduct and regulate the same; who, having been previously swora faithfully to discharge the duties of their office, shall decide and declare who are elected directors: and the said election shall be made by such of the stockholders as shall attend for that purpose, in person or by proxy, and each stockholder shall be entitled to one vote for each share of stock he, she, or they shall have held in his, her, or their names, at least thirty days before the time of voting: all such elections shall be by ballot, and the persons who shall have the greatest number of votes shall be directors; and in case two or more have an equal number of votes, the directors in office at the time of such election shall determine, by plurality of votes, which of the said candidates so having an equal number of votes shall be director or directors, so as to complete the whole number; and the said directors shall forthwith thereafter proceed, by ballot, to elect one of their number to act as president; and whenever any vacancy Vacancies or vacancies shall happen among the directors, by death, how supplied. resignation, or otherwise, the same shall be filled, for the re
mainder of the year, by such person or persons, being stockholders, as the remainder of the directors for the time being, or a majority of them, may appoint.
Sec. 6. And be it enacted, That four directors, with the preQuorum. sident, shall constitute a quorum for the transaction of business.
Sec. 7. And be it enacted, That the directors for the time being, or a majority of them, shall have power to appoint a
secretary, treasurer, and agents, and to employ workmen and Directors to laborers, as to them shall seem needful and proper; to make appoint offi- and prescribe such by-laws, rules, and regulations, as to them cers and fix shall seem necessary, touching the government of said corportheir salaries.
ation, the management and disposition of its affairs, business, and effects; to have a common seal, and to alter the same, or change it at pleasure ; and all such other matters as may appertain to the concerns of the said corporation; and to fix or allow such salaries or compensation to the officers of said
corporation, workmen, and laborers, as to them shall seem Proviso. meet: Provided always, that such by-laws, rules, and regula
tions be not repugnant to the provisions and requirements of this charter or to the constitution and laws of this state or of the United States.
Sec. 8. And be it enacted, That one dollar shall be paid on each share, at the time of subscribing, to the persons herein before named as commissioners for the purpose, and the remainder to be paid in such installments, and at such times and place or places, and to such person or persons as the said president and directors may appoint, giving thirty days' previous notice in manner aforesaid; and if any stockholder shall neglect or re
fuse to pay up such instalment, all and every such share or Stock forfeit
ere shares, whereon there shall be such deficiency, and all money's of payment of previously paid thereon, may be forfeited to the use of the installments. company.
. Sec. 9. And be it enacted, That the stock of said company Mode of shall be assignable and transferable according to such rules transferring and subject to such restrictions and conditions as the board of stock
directors may, from time to time, establish, and that the said stock shall be considered personal properly.
Sec 10. And be it enacted, That it shall be lawful for the
directors of said company to make dividends of so much of Dividends. the profits of the company as shall appear advisable, from
time to time.
Sec. 11. And be it enacted, That as soon as the first install
ment of one dollar on each share, shall have been paid in, and When com the company duly organized, they may proceed to the accompany to or plishment of the objects of this incorporation. ganize. Sec. 12. And be it enacted, That it shall not be lawful for
the corporation hereby created, to use their funds, or any part Funds not in thereof, in banking operations, or in any other business, exbe employed cept what has been clearly indicated in the previous sections in banking of this act.
Passed February 7, 1833.
AN ACT to dissolve the marriage contract between Adam A. Pease and
Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That the marriage contract heretofore existing between
Sarah Pease Adam A. Pease and Sarah Pease, of the county of Gloucester, divorced. be, and the same is hereby dissolved and made void and of no effect, as fully as if they never had been joined in matrimony.
Passed February 8, 1833.
AN ACT to incorporate the Delaware and Jobstown Rail or McAdamized
Sec. 1. Be IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That James Newbold, Joseph Smith, Chalkley Atkinson, and their associates, shall be, and are hereby constituted a body Style of incorpolitic and corporate, by the name of the Delaware and Jobs. Po town Rail or McAdamized Road Company," and, by that name, they and their successors shall be known in law, and have po power to sue and be sued, and to defend and be defended, in all courts, whether in law or equity; and, by that name, shall be capable of purchasing, or of otherwise receiving and becoming possessed of and holding or conveying, any real or personal estate; shall have perpetual succession, and may also have a common seal, and alter or renew the same at pleasure; and shall have, enjoy, and exercise all the rights, powers, and privileges pertaining to corporate bodies, and necessary for the purposes of this act.
Sec. 2. And be it enacted, That the capital stock of the said corporation shall be sixty thousand dollars, with liberty for the A
capital. company to increase the same to two hundred thousand dollars, and shall be divided into shares of fifty dollars each, which shall be deemed personal property, and transferable in such manner as the said corporation shall, by their by-laws, direct.
SEL. 3. And be it enacted, That James Shreve, Thomas Black, and Jonathan Scattergood shall be commissioners to Commissionopen books for receiving subscriptions to the capital stock of ers to receive the said corporation; the said books shall be opened by the said commissioners, or a majority of them, at such times and places as they shall deem proper, and shall continue open not less than two days; and twenty days' notice shall be given, by
pened beeriberisi be raisome one in s
said commissioners, of such times and places, in one or more
of the newspapers printed in Mount Holly; and if more subStock to be apportioned.
scriptions be taken than the amount of the capital stock, it shall
be the duty of the commissioners by whom the said books are How install- opened to make a fair and just apportionment of the stock to ments are to the subscribers; and, at the time of subscribing for said stock, be paid.
five dollars shall be paid upon each share subscribed for, to the commissioners, or some one of them; and that the residue of the subscription shall be paid in such installments, and at such times and places, and to such person, as the president and
directors of the company shall from time to time direct, by givStock forfeit- ing thirty days' public notice thereof, as aforesaid, and upon ed on failure failure of payment thereof, as so directed, the said president
and directors shall have power to forfeit the shares of each ments.
and every person so failing to pay said installments, or any of them, to and for the use of the company.
Sec. 4. And be it enacted, That when the capital stock shall
be subscribed for, and the books closed, and the apportionment Time and made, if the same be necessary, it shall be the duty of the afore. mode of electing directors
CC said commissioners, or a majority of them, to give a like noand president, tice, as above, to choose nine directors; and such election shall
be made at the time and place appointed by such of the stockholders as shall attend for that purpose, either in person or by lawful proxy, each share entitling the holder thereof to one vote: and the said commissioners, or any two of them, shall be inspectors of the first election of directors of said corporation, and shall certify, under their hands, the names of those persons duly elected, and deliver over the subscription books to said directors, and the moneys paid to them for subscriptions to said capital stock, as shall remain in their hands after defraying the expenses of subscription and incidental expenses; and that annually thereafter, upon like notice being given by the directors for the time being, the stockholders shall, in the same manner, elect the same number of directors; and the time and place of holding the first meeting of directors shall be fixed by the said persons who act as inspectors aforesaid: and the first directors, and yearly the directors chosen at any election for that purpose, shall, as soon as may be after the election,
choose, out of their own number, a president; and in case of Vacancies, how supplied.
the death, resignation, or removal of the president or any director, such vacancy or vacancies may be filled, for the remainder of the year wherein they may happen, by the board of directors; and in case of the absence of the president, the said board, or a majority of them, may appoint a president pro tempore.
Sec. 5. And be it enacted, That five directors of said cor..
i poration shall form a board, and they, or a majority of them, rectors may shall be competent to transact the business of the said corpocall in install- ration, and may have power to call in the remainder of the
capital stock of the said corporation, by such installments, not
at any oneo instalother
exceeding five dollars on each share at any one time, and at such times as they may direct: Provided, that no installment be required at shorter periods than thirty days from each other; and to make and prescribe'such by-laws, rules, and regulations, as to them shall appear proper, touching the management and regulations of the stock, property, estate, and effects of the said corporation; and shall also have power to appoint Appoint offia secretary, treasurer, engineer, agents, superintendents, and cers. such servants as may be required to transact the business of the corporation, with such compensation to them and the president as to the board shall seem proper; and that they shall require from the treasurer such security as they may deem sufficient for the due performance of his trust, and generally to do all other acts which they may deem expedient for effecting the objects contemplated by this incorporation.
SEC. 6. And be it enacted, That the president and directors of the said corporation shall be, and they are hereby invested with all the rights and powers necessary to the survey, laying out, construction, and repair of a rail or McAdamized road, not exceeding sixty-six feet in width, with as many sets of
Route of the tracks as they may dcem necessary: beginning at low water hout mark on the Delaware river, at the mouth of Craft's creek; thence, on lands of Anthony Taylor, fifty-eight chains; thence, across Lewis Coxe's land, sixty-four chains and fifty links; thence, across Ann Carty's lands, twenty-one chains and fifty links; thence, across Ann Wright's, Mary Scattergood's, and Clayton G. Atkinson's respective lands, eighty-four chains ; thence, on lands of John Aaronson, thirty-seven chains and fisty links, to the road leading from the village of Columbus to Biddle's wharf; thence, along side of said road to the said village of Columbus; thence, continuing by the south-west side of the road, to the village of Jobstown; thence, continuing along side said road, to near the village of Juliustown; thence, across lands of John Atkinson and John Chambers, thirty-two chains, to the aforesaid public road; thence, along side the said road, to Lewistown, forty-three chains; thence, leaving the road, along Thomas Haines' line, eighty-four chains; thence, through the Pines, one hundred and sixty-nine chains; thence, along side the road, to the vicinity of New Lisbon, making altogether thirteen miles and thirty chains, as the said president and di- Company rectors may by ordinance direct; and they, their agents, and may enter up
moo on lands,comservants, or others in their employ, may enter upon, take pos
pensating the session of, use, and excavate or level any land which may be owners. wanted for the site of said road, or the erection of warehouses or other works necessary for the purpose of the said corporation; but all lands and real estate thus entered upon, which are not donations, shall be purchased, by the said corporation, of
On disagree the owner or owners thereof, at a price mutually agreed upon ment of combetween them; and in case of a disagreement, as to price, it pany with shall be the duty of either of the justices of the supreme court, owners, com