out and shown for the general satisfaction of the stockhold ers. Sec. 18. And be it enacted, That each Director and Secretary shall, before he enters on the duties of his office, take and subscribe to the following oath or affirmation, (as the Oath of officers. case may be) "I, do swear, (or affirm) that I will faithfully execute the duties of Sec. 19. And be it enacted, That the said company shall cause to be kept at their office, proper books of account; in Books of acc'nt. which shall be fairly and truly entered, all the transactions always open to inspection. of the company; which books shall be at all times open for the inspection of the stockholders. Sec. 20. And be it enacted, That this act shall continue in force for the space of thirty-one years; but it shall and may be lawful for the Legislature, at any time hereafter, to alter, amend, or repeal the same. Sec. 21. And be it enacted, That the said company shall pay into the treasury of this state, one-quarter of one per Per centum to be centum per annum, on the capital stock paid in, to commence paid to the state. three years after the said company shall go into operation; which amount shall be paid in under the oath or affirmation of the President and Secretary thereof. Passed February 28, 1835. AN ACT authorizing trustees to sell and convey certain real estate late of William Biles, deceased. WHEREAS, it is represented to the legislature, by the administrators, and by the widow and guardian of the children of William Biles, late of the county of Hunterdon, deceased, that the said William Biles, died seized, of an individed moiety of a lot of land, with improvements thereon, situate in Lambertville, in said county, adjoining and bounded on the west by the Delaware river; on the north by Bridge street, and on the east by William Walters' lot; and also of one other lot, with the improvements thereon, bounded on the north by the last mentioned lot; on the west by the river Delaware; on the south by Dr. Wilson's Preamble Trustees appointed to se!l lands of W. Biles, deceased. land; and on the east by the feeder of the Delaware and Raritan Canal; leaving a widow and six minor children; that the said premises are incumbered by mortgages to a large amount, and other debts, which after exhausting the personal estate of said decedent, yet remain unpaid, which with the perishable nature of the property, renders it desirable for the interest of all parties concerned, that the property be disposed of immediately; Therefore, 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 Elias Ely and Lewis S. Coryell, be, and they are appointed trustees, with full power and authority to sell all the share, right, title and interest, of, and in the said two lots of land, with the appurtenances whereof the said William Biles, died seized, for the highest and best price that can be reasonably obtained for the same, and upon receipt of the purchase money therefor, to make, execute and deliver to the purchaser or purchasers thereof, good and sufficient deeds of conveyance for the same, which deeds shall convey to, and vest in, the said purchaser or purchasers, all the estate, right, title, and interest, which the said William Biles, at the time of his decease, had of, in, and to the said premises so sold. Sec. 2. And be it enacted, That the said trustees, within six months after making such sale or sales, shall make, subscribe and exhibit, under oath or affirmation, to the surrogate of the county of Hunterdon, a fair and correct statement of such sale or sales, which shall be filed of record in Account of sales the said surrogates' office, and within one year after making to be rendered to Surrogate. such sale or sales, shall account to the Orphans' Court of the county of Hunterdon, for the proceeds thereof, and after allowance for the expense of making such sales or sales, and such reasonable compensation as the said court shall see fit to allow said trustees for executing said trust, shall apply the net proceeds of such sale or sales, first, to pay the mortgages and liens on said property, in their order of priority, and the residue to the payment of the debts and expenses of said deceased, in a due course of adproceeds of sale ministration, and the surplus, if any there be, shall be distributed to the widow and children of said deceased, in the following proportions; one fifth part thereof to the said widow, and the remainder in equal portions between the six minor children of said decedent. Distribution of Sec. 3. And be it enacted, That the said trustees, before they shall enter on the duties prescribed by this act, shall Bond to be given enter into bond to the goveror of this state, with one sufficient to Governor. surety to be approved of by the surrogate of the county of Hunterdon, in such sum as he shall direct, conditioned for the faithful performance of the trust herein expressed. Passed February 28, 1835. AN ACT to authorize Eliza Meeker, widow and Administratrix of Stephen J. Meeker, deceased, to execute and deliver a Deed of Conveyance unto William B. Woodruff, for a Lot of Land, in the Township of Newark, in the County of Essex. WHEREAS, it appears that William B. Woodruff, of the township of Newark, in the county of Essex, did, on or about the first day of April, A. D. eighteen hundred and thirtytwo, execute and deliver a deed of conveyance, in fee simple, for a lot of land and premises, situate in the township of Newark aforesaid, which deed of conveyance, although in absolute terms, was given, and intended to be, in the nature of a mortgage, to secure endorsements of the said Stephen J. Meeker, for the said William B. Woodruff; and that it was agreed, by the said Stephen J. Meeker, to convey to the said William B. Woodruff, the said lot of land and premises, whenever he, the said Stephen J. Meeker, should be relieved from all liability on account of said endorsements; AND WHEREAS, the said Stephen J. Meeker, died intestate, on the seventeenth day of October, A. D. eighteen hundred and thirty-two, with the title of the aforesaid lot of land standing in his name; and it appearing, that there are no claims against the estate of the said Stephen J. Meeker, on account of the aforesaid endorsements; and that, therefore, the said lot of land and premises, should in justice and equity, be re-conveyed to the said William B. Woodruff; and that the same cannot now be done, by reason of the death of the said Stephen J. Meeker; Therefore, Preamble. dec'd, empower 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 Eliza Meeker, widow and administratrix Administratrix of Stephen J. Meeker, late of the township of Union, in the of S. J. Meeker, county of Essex, be, and she is hereby authorized and em- ed to convey powered to make a deed of conveyance unto the said Wil- lands. liam B. Woodruff, and to his heirs and assigns, for the lot of land and the appurtenances, situated on the north corner of Broad and Fair-streets, in the town of Newark, in the county of Essex, which was conveyed by the said William B. Woodruff and wife, to the said Stephen J. Meeker, by deed bearing date the first day of April, A. D. eighteen hundred and thirty-two, and recorded in the Clerk's office of the county of Essex, in book K. 3. of deeds, in pages two hundred and ninety-eight and two hundred and ninety-nine, which deed, when duly executed and delivered, shall be as good and effectual for the conveyance of the said lot of land and the appurtenances, and the vesting the title thereof in the said ་་ 1 William B. Woodruff, as if the same had been executed and delivered by the said Stephen J. Meeker and wife, in his lifetime; Provided nevertheless, that before this act shall take effect, the said William B. Woodruff shall give bond to the Governor of this state, in such sum and such security, as shall be approved of by the Surrogate of the county of Essex, with condition to indemnify and save harmless the estate of the said Stephen J. Meeker, of, and from all endorsements made by the said Stephen J. Meeker, for the said William B. Woodruff. Passed February 28, 1835. Preamble. AN ACT to authorize Samuel Van Saun, Mary-Ann Van Saun, and Richard Doremus, Executors of John Van Saun, deceased, to fulfil a contract with Edward Graham, for the conveyance of a certain tract of land at Preakness, in the Township of Saddle River, in the County of Ber gen. WHRREAS, it appears that Edward Graham, of the county of Bergen, verbally purchased of Garrabrant Van Houten, a certain tract of land, situate on the west side of the public road leading from Preakness to Samuel Crowell's, containing one acre, strict measure; AND WHEREAS, it appears that the said tract of land was, by the heirs of Garrabrant Van Houten, on the twenty-first day of No. vember, A. D. eighteen hundred and thirty-one, conveyed to John Van Saun, to secure to him, the said John Van Saun, the consideration money agreed to be paid to the heirs of the said Van Houten, by the said Edward Graham, and advanced by the said Van Saun for the said Graham; AND WHEREAS, it appears, that it was agreed between the said John Van Saun and the said Edward Graham, that the said John Van Saun should convey the said lot of land, to the said Edward Graham, as soon as he, the said Graham, should pay to the said Van Saun, the amount by him so paid, with interest for the same; AND WHEREAS, it appears, that the said John Van Saun hath since that time departed this life, without conveying the said lot; and that the executors of the said Van Šaun, have joined in petition with the said Graham, for the passage of an act, authorizing them the said executors, to convey the said lot unto the said Edward Graham; and the prayer of the petitioners appearing to be reasonable and just; Therefore, Van Saun em 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 Samuel Van Saun, Mary-Ann Van Saun, and Richard Doremus, executors of John Van Saun, deceased, Executors of J. be, and they are hereby empowered to convey to Edward powered to con Graham, a certain lot of land, situate at Preakness, in the vey lands. county of Bergen; which said lot was conveyed to their testator, by the heirs of Garrabrant Van Houten, deceased, by deed, bearing date the twenty-first day of November, A. D, eighteen hundred and thirty-one; upon payment to them, by the said Edward Graham, of the consideration money paid to the said executors of Van Houten, by the said John Van Saun, and all interest due upon the same; and that said deed or conveyance, so made and executed by the said executors, as aforesaid, shall be valid and effectual, to convey and vest in the said Edward Graham, his heirs and assigns, all the estate, right and title in the said land which the said John Van Saun, had in the same, at the time of his decease; Provided Proviso. always, that such deed or conveyance, shall in no ways affect the right, title or interest in the said land, of any person other than the heirs of the said John Van Saun, deceased. Sec. 2. And be it enacted, That the said executors shall account to the Orphans' Court for the county of Bergen, for the consideration money aforesaid, in the same manner, as for the other property of their testator. Passed February 28, 1835. AN ACT to incorporate the Morris and Sussex Manufacturing Company, WHEREAS a number of citizens of Morris and Sussex counties, have, by their petition to this legislature, represented, that they are desirous of establishing a Manufacturing Company, at or within one and a half miles of Stanhope, Preamble. in said counties, for manufacturing of cotton, wool, iron, and window sash, in their several and various branches, |