Guardians au timber. lunatic, is seized of a large tract of woodland, situate in the township of Shrewsbury, in said county: AND WHEREAS, Edmund Throckmorton and Edmund T. Williams, of said county, are the guardians of the person and estate of the said lunatic: AND WHEREAS, it is represented it would be to the interest of the estate of the said lunatic, if the wood and timber fit for market, standing and growing on said premises were sold; and that by the existing laws of the state, neither the said guardians, nor any other person, can sell or dispose of the same; for remedy whereof, 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 said Edmund Throckmorton and Edthorized to sell mund T. Williams, guardians of the said lunatic, be, and they are hereby authorized and empowered, to make sale at public vendue, to the highest bidder, of such and so much of the wood and timber, standing and being on the said land, belonging to the said lunatic, as in the opinion of the said guardians, will be ripe and fit for market, and be for the benefit of the said lunatic and his estate, giving at least one month's previous notice, by advertisements, in five of the most public places in the township of Shrewsbury, in said county; and cause the same to be published for the same period of time, in one of the newspapers printed in said county, and circulating in the vicinity of such lands; and to invest the net proceeds of such sale or sales, in some safe securities, drawing interest under the direction of the Orphans' Court, of the said county of Monmouth, for the use and benefit of the said lunatic and his estate: provided nevertheless, that before said guardians make sale as aforesaid, they give bond to the Governor of this state, in such sum and with such security, as the Orphans' Court of said county, may direct and approve. Proviso. Proceeds of sale to be ac counted for to of Monmouth. Sec. 2. And be it enacted, That in the event of the personal estate of the said lunatic, being insufficient for his maintenance and support, that the proceeds of the sale of the Orphans' court said wood and timber, may, under the direction of the said Orphans' Court, be applied to his maintenance and support, so far as may be necessary; and that the said guardians, account for the proceeds of said sale, to the said Orphans' Court, in the same manner, as though such proceeds were part of the personal estate of said lunatic. Passed February 26, 1835. AN ACT to incorporate the Mechanics' Hall Association in the town of Newark, New-Jersey. stock. 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 Prudden Alling, Caleb Carter, John S. Darcy, Jabez G. Goble, and Richard Sweasy, be appointed commis- Commissioners sioners to open books of subscription at Newark, to raise the to open subsum of seventy-five thousand dollars, in shares of one hundred scription for dollars each; the said commissioners to give notice of the time and place of opening books of subscription, by advertising the same in one of the newspapers printed in Newark, for at least four weeks next previous to such time; the books to continue open five days in succession, unless the stock should be sooner taken. Sec. 2. And be it enacted, That all such persons as shall and the same to grant, demise, pledge, alien, or dispose of; Powers of incor- Sec. 3. And be it enacted, That the sum subscribed shall be paid in manner following, that is to say: five dollars on each share at the time of subscribing, to the persons receiving subscriptions, and the remainder in instalments of five dollars on each share, when called for by the president and directors of said company, appointed and chosen in the manner hereinafter prescribed, upon thirty days previous notice being given by the secretary of said company, in one of the newspapers printed in Newark, and any person, corporation or body politic, failing to pay any instalment, or any part thereof, tal stock. at the times prescribed and required by said corporation, shall forfeit to the said company every share upon which there shall be a deficiency. Sec. 4. And be it enacted, That the capital stock of said corporation shall be seventy-five thousand dollars, to be divided as aforesaid, in shares of one hundred dollars each; and Amount of capi- upon the closing of said books of subscription or within five days after the directors are chosen, the stock having been subscribed as aforesaid, the said commissioners herein before named, shall deliver over into the hands of the said directors, the said subscription books, and all other books and papers whatsoever, which shall be in their hands, and belonging and appertaining to the said corporation; and shall also pay over to the said directors all moneys which they shall have received on account of said subscription; and the said directors shall have power to call in and demand from the stockholders, payment of the sums remaining due upon the shares subscribed, at such times and in such instalments or proportions, as they or a majority of them, shall deem proper and requisite, under the penalty of forfeiture as aforesaid. Sec. 5. And be it enacted, That all the affairs, property, and concerns of the said corporation, shall be managed and Time and mode conducted by seven directors, all of whom shall be stockholdof electing di rectors. ers of said company, one of whom shall be president of said company, all of whom shall hold their offices for one year, and shall be elected on the second Monday of April in every year, at the house of the company, at such time of day as the board of directors, for the time being, shall appoint, notice of which shall be given by the secretary of said company, not less than fourteen days previous to the time of holding the said election, by an advertisement to be inserted in one of the newspapers printed in the town of Newark; for the well ordering of which election, the directors shall, previously thereto, appoint three stockholders, not being directors, to be judges of election, who shall conduct and regulate the same, none of whom shall be elected as a director, they shall determine whether the persons voted for, are qualified for direc tors, and after the conclusion of the ballot, shall decide and declare who are elected; each stockholder shall be entitled to one vote for each share of stock held by him; and said election shall be made by such of the stockholders as shall attend for that purpose, either in person or by proxy; those persons having a majority of the votes taken, shall be the directors for the ensuing year, and until others are elected; and the directors so elected, shall, immediately thereafter, proceed to elect by ballot, one of their number as president; and in case of a vacancy by death or resignation among the directors, such vacancy shall be filled for the remainder of the year, by such person or persons as the remainder of the directors, for the time being, shall appoint; the first directors shall be elected on the tenth day of May, in the year of our Lord eighteen hundred and thirty-five, two weeks notice having been first given by advertisement in one of the newspapers printed in the town of Newark, signed by the commissioners, who are to act at such election as judges thereof, which is to be conducted as the elections herein before mentioned; five directors shall constitute a board for the transac- Quorum of dition of business of said company. rectors. spection of Sec. 6. And be it enacted, That the books of said company Books to be shall be kept by the clerk of said company, who shall reside open to the inin the town of Newark, and shall, at all times, between the stockholders. hours of ten A. M. and three P. M., be subject to the inspec tion of any stockholder of said company; and in case of refusal on the part of said clerk to exhibit said books on demand made by any such stockholder, he shall forfeit and pay such person so refused, the sum of one hundred dollars, to be sued for in an action of debt; and no transfer of stock shall be deemed lawful, unless it be made on the book of said company kept for that purpose, in which shall be entered the names of all stockholders of said company. to President. Sec. 7. And be it enacted, That the president of said company shall receive such compensation for his services, as the Compensation board of directors shall deem reasonable; but no other director shall be entitled to any emolument for his services, unless allowed by a majority of stockholders at their annual meeting. Sec. 8. And be it enacted, That the funds of this corpo- How funds of ration shall only be laid out and expended in purchasing a corporation to be suitable site in the town of Newark, for a public house, and applied. erecting a suitable building or buildings thereon, to be used for such purposes, and furniture for the same; and that the said company shall not employ any of their funds in any banking or insurance operations, or for any purposes not plainly indicated by this act. Sec. 9. And be it enacted, That this charter shall continue in force until the expiration of twenty years; and that no part of the capital stock shall be divided among the stockholders until a final dissolution of said company. Sec. 10. And be it enacted, That the capital stock of said company shall be deemed personal estate, and that the Legislature may, at any time hereafter amend, modify or repeal this act, as they may think proper. Passed February 26, 1835. Capital not to be divided till expi ration of charter. Act may be altered or repealed driving, Keep to the right. A SUPPLEMENT to an act, entitled "An act to authorize the chosen freeholders of the county of Cumberland, to build a draw-bridge over Cohansey creek, at the town of Bridgeton", passed the twenty-sixth of January, eighteen hundred and thirty-three. 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 it shall not be lawful, for any person or perPenalty for fast sons, to drive any wagon or cart, sled or sleigh, or any other kind of carriage, or vehicle, or ride, lead or drive any horse or horses, mule or mules, or any description of cattle, over or upon the draw of said bridge, at a faster gate than a walk; and any person or persons, driving any wagon or cart, sled or sleigh, or any other kind of carriage, or vehicle, whether of burden or pleasure, over said bridge, shall keep to the right, while driving or going over said bridge; and every person so offending against the provisions of this act, shall forfeit and pay five dollars, to be recovered by action of debt, with costs of suit, in any court of competent jurisdiction, by any person who shall sue for the same, for the use of the county of Cumberland; provided always, that this act shall not be construed, so as to prevent any physician, or person or persons going for such physician, or returning from said errand; any person or persons riding express, by order of any public officer of this state, or of the United States, or pursuing a fugitive from justice, runaway servant or apprentice, from riding or driving over said draw, at a faster gate than a walk: provided always, that the board of chosen freeholders, of said county, shall cause to be fixed, and always kept up, at each end of the bridge, in some conspicuous place, in plain letters, Five Dollars fine, for travelling over the draw of this bridge, at a faster gate than a walk; and on neglect of such notice, the aforesaid fine shall not be incurred. Proviso. Proviso. Passed February 26, 1835. A FURTHER SUPPLEMENT to an act, entitled "An act to incorporate the Paterson and Hudson River Rail Road Company," passed January twenty-first, one thousand eight hundred and thirty-one. 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 so much of the fifteenth section of the act |