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a body politic and corporate, by the name of the “ Hanover Style and object Paper Manufacturing Company," "for the purpose of manu- of incorporation. facturing Paper, Boards, and all other articles of which paper is the component part, in their several and various branches; by the same name, they and their successors and assigns shall have power and continue a body politic and corporate, and Powers. be capable in law of suing and being sued, implead and being impleaded, answering and being answered unto in all courts of justice, or any other place whatever, to make and use a common seal, and the same to alter and renew at pleasure; and they and their successors and assigns, in their corporate name, shall be able and capable to acquire, purchase, receive, have, hold and enjoy any lands, tenements, hereditaments, goods and chattels, of whatever kind or quality soever, neces. sary or useful for the said corporation to carry on their manufacturing operations above mentioned; and all other real and personal estate which shall have been bona fide mortgaged to said corporation, by way of security, or conveyed to them in satisfaction of debts previously contracted in the course of business, or purchased at sales upon judgments, which shall have been obtained for such debts : Provided, That of the real and personal estate to be purchased and holden by said corporation, shall be that which is now owned by said Donaldson, at and in the vicinity of Hanover, Morris Location of
on manufactory. county; and it shall not be lawful for the said corporation to carry on their manufacturing business in any other place : Provided always, That the funds of the said corporation shall not be applied, used or employed at any time, in banking operations; and the said Robert Donaldson, John S. Darcy, Abraham Reynolds, Elijah Ward and Robert Donaldson, jr. Commissioners or a majority of them, are hereby authorized to receive sub
Descriptions for scriptions to the capital stock of said company.
stock. Sec. 2. And be it enacted, That the stock, property and concerns of the said company, shall be managed and conducted by five directors, being stockholders, and one of whom shall be president and another of whom shall be agent of the company, who shall hold their offices for one year, and until others are elected; and the said directors shall be elected on the first Monday in June, in each and every year after the company goes into full operation; the election for directors, shall Election of die be held at such hour and place as a majority of the directors rectors. for the time being, shall appoint; and it shall be the duty of the president to give each stockholder notice of the elec. Notice to be give tion, through the post-office, at least fifteen days previous en to stockholdthereto, of the time and place of holding such election, who shall have previously informed him in writing, of his or her place of residence, at least twenty days previous to such election: and all elections shall be by ballot ; each stockholder shall be entitled, either in person or by proxy, to as many votes as he or she shall hold shares of the capital stock of said
..koniend in woning
to receive sub
corporation; and the said directors shall proceed to elect one President to be of their number to be president, and one of their number to chosen.
be agent; and if vacancy or vacancies shall at any time hap
pen by death, removal, resignation or otherwise, such vacancy Vacancies sup or vacancies shall be filled for the remainder of the year, in plied.
which they may happen, by such person or persons as the reremainder of the directors for the time being, or a majority of them shall appoint.
Sec. 3. And be it enacted, That no stockholder shall be Qualifications of eligible to the office of director, who is not a citizen of the
United States, and a stockholder in the said company, in his own right, to the amount of at least ten shares, two months previous to the day of election ; and the board.of directors
may employ as many work people, appoint superintendants Their duties, and officers as in their opinion the business may require, and
assign such compensation as they shall think fit : not less than a majority of the whole number of directors being present, when the same shall be done, and may remove the same and appoint others at their pleasure.
Sec. 4. And be it enacted, That the capital stock of said Amount of capi- company shall not exceed two hundred thousand dollars,
which shall be divided into shares of one hundred dollars each; but as soon as the sum of fifty thousand dollars of the said capital stock shall have been subscribed and paid, it shall and may be lawful to, and for the said company to commence their said business, and with that capital conduct and carry it on until they shall deem it expedient to extend their operations, and the capital necessary for that purpose, which they are hereby authorized to do from time to time, to the amount herein before mentioned; and it shall be lawful for the directors of said company, to call and demand from the said stockholders, respectively, all such sums of money by
them subscribed, at such times and in such portions or instalStock forfeited on failure to pay
ments, not exceeding ten dollars on each share, as they shall instalments. deem proper, under pain of forfeiting the shares of said stock
holders, and all previous payments thereon, if such payments shall not be made within thirty days after a notice shall have been published for the space of twenty days, in one or more public newspapers published in or near the place where such payment shall be required to be made; and also in one or more newspapers published in the city of New-York.
Sec. 5o And be it'enacted, At no time shall it be lawful to Capital not to be reduced. reduce the capital stock of said corporation, but by the per
mission of the Legislature : losses or misfortunes in business excepted.
Sec. 6. And be it enacted, That the first directors shall be First directors Robert Donaldson, John S. Darcy, Abraham Reynolds,
Elijah Ward and Robert Donaldson, jr. who shall hold their offices until others are legally chosen; and shall have power
perty personal estale.
to establish and put in execution, such by-laws, ordinances and regulations, as shall seem necessary and convenient for the government, management, and the disposition of the stock, effects, profits and concerns of the said corporation; Provided, the same are not contrary to the laws and constitution of the United States, or of this state.
Sec. 7. And be it enacted, That the stock and property of said corporation, of whatever nature or kind, shall be deemed Stock and propersonal estate, and be transferable in such manner as shall est be prescribed by the by-laws of said corporation : Provided, that no dividend shall be made to and among the stockholders, except from and out of the profits of said corporation.
Sec. 8. And be it enacted, That the directors at all times, keep or cause to be kept, proper books of accounts, in which shall be regularly entered all the transactions of the said corporation; which books shall at all times during business hours, Borben he be opened to the inspection of the stockholders of the said open to inspeccompany, or their legal attorney or attorneys: And further, tion. That no transfer of stock, shall be valid or effectual, until Mode of trans such transfer shall be entered or registered in the book or ferring stock. books to be kept by the president and directors for that purpose.
Sec. 9. And be it enacted, That in case it should at any time happen, that an election should not be made on the day that pursuant to this act it ought to have been made, the corporation shall not for that cause, be deemed to be dissolved; Corporation not
? dissolved on failbut it shall and may be lawful to hold such election on such ure to elect on other days, in the manner aforesaid, as shall be prescribed day prescribed. by the by-laws and ordinances of said corporation.
Sec. 10. And be it enacted, That it shall be the duty of the directors, for the time being, in each and every year, namely, on or about the first week in April, to take an account of all the stock, property and effects belonging to said Accounts to be corporation, including all debts due to and from the said rendered anducompany, and make and enter in a book for that purpose, a true inventory of the same, for the inspection of the stockholders, previous to and at the annual election.
Sec. ll. And be it enacted, That this act shall be deemed a public act, and continue in full force for and during the Limitation of act term of fifty years, from the passing thereof, and from thence to the next session of the Legislature: And further, That it shall and may be lawful for the Legislature of this state, at any time hereafter to alter, modify or repeal this act, whenever in their opinion the public good requires it.
Passed October 31, 1833.
AN ACT to compensate Josiah Harrison, in part, for services
rendered this state. 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 Treasurer of this state, be, and he is hereby authorized to pay to Josiah Harrison, such sum of money as the Governor of this state by his warrant shall direct, as part payment for compiling the Laws of this state, and printing and binding 250 copies of the same for the use of the state, pursuant to an act of the Legislature, passed February 12, 1833.
Passed October 31, 1833.
Payment of o
AN ACT for the support of the Government of this State. .
Sec. 1. BE IT ENACTED by the Council and General As
offi. sembly of this state, and it is hereby enacted by the authority of cers provided for. the same, That there shall be paid to the officers appointed
for the administration of the government of this state, the several sums following, to wit :
To the Governor of this state, for the time being, at the rate of two thousand dollars by the year.
To the Chief Justice of the Supreme Court of this state, for the time being, at the rate of twelve hundred dollars by the year.
To each of the Associate Justices of the Supreme Court of . this state, for the time being, at the rate of eleven hundred dollars by the year.
To the Treasurer of this state, for the time being, at the rate of one thousand dollars by the year. • To the Law Reporter and Chancery Reporter of this state, for the time being, at the rate of two hundred dollars each, by the year.
To the Attorney General of this state, for the time being, at the rate of eighty dollars by the year.
To the Quarter-master General of this state, for the time being, at the rate of one hundred dollars by the year.
To the Adjutant General of this state, for the time being, at the rate of one hundred dollars by the year.
All of which salaries shall be paid to the several officers before mentioned, their executors, administrators or assigns, on warrants produced to the Treasurer, signed by the Gover- How to be paid. nor or Vice President of Council : and in case any of the said officers shall be removed from office, by death or otherwise, the salary of such officer shall cease and determine on such removal ; and the salary of his successor shall commence from the time be shall be sworn or affirmed into office.
Sec. 2. And be it enacted, That there shall be paid to the Vice President of Council and Speaker of the House of Assembly, the sum of three dollars and fifty cents, and to every member of Council and Assembly, the sum of three dollars for each and every day they have respectively attended this, or shall attend any future sitting of the Legislature: and to every member of Council and Assembly, the additional sum of three dollars for every twenty miles of the estimated distance by the Members of
Council and Asmost usual route, between his place of residence and the seat sembly. of Government, in going and returning, on a certificate to be produced to the Treasurer, expressing the sum due and the number of days and miles, signed by the President or Vice President of Council, for the members of Council, or by the Speaker of the House of Assembly, for members of Assembly, or by Peter Young, Richard S. Field, Richard P. Thompson, Edward S. Mcllvaine, Esquires, or any two of them, for the members of Assembly.
Sec. 3. And be it enacted, That there shall be paid to the Secretary of Council and Clerk of Assembly, the sum of three Secretary of dollars and fifty cents for every day they have respectively Council and attended or may attend any future sitting of this Legislature; bly. and the sum of eight cents by the sheet, computing one hundred words to the sheet, for entering the minutes of Council and Assembly and the Joint-meeting, in the Journals; and eight cents by the sheet for a copy thereof for the printers, on a certificate produced to the Treasurer, signed by the Pre- How to be paid. sident or Vice President of Council, for the Secretary of Council, and by the Speaker of the House of Assembly, for the Clerk of Assembly.
Sec. 4. And be it enacted, That there shall be paid to the Sergeant-at-Arms, for the time being, who shall attend the Council and the House of Assembly, and to the door keepers Serjeant at arme of Council and the House of Assembly, for the time being, and door keepthe sum of two dollars, by the day, for each day, on a certifiers cate to be produced to the Treasurer, expressing the sum and the number of days they have respectively attended, signed by the President of Council or the Speaker of the House of Assembly.
Sec. 5. And be it enacted, That there shall be paid to the engrossing Clerk, who shall engross the bills of Council and Engrossing Assembly, this session of the Legislature, at the date of eight clerk.
Clerk of Assem