Semi-annual dividends may be made.

Former company merged in present corporation.

Limitation.

said company to purchase and hold such and so much real estate as shall be necessary for their convenient accommodation in the transaction of their business; and also, to take and hold any real estate or securities upon mortgage, to secure the payment of any debt which may be contracted with them, and also to proceed, either at law or in equity, for the recovery of the moneys thereby secured, and to purchase at sales made under such proceedings, or otherwise to take and receive any real estate in payment or toward satisfaction of any debt previously contracted with or due to said company, and the said real estate to mortgage, sell, exchange or otherwise dispose of.

8. And be it enacted, That the capital stock of said company shall be deemed personal property, and may be assigned or transferred in accordance with the by-laws; and that it shall be lawful for the directors to make semi-annual dividends to the stockholders, or their legal representatives, of so much of the profits of the company as to the said directors may seem advisable.

9. And be it enacted, That the said "The Citizens' Fire Insurance Company," formed under the provisions of the said act entitled "An act to provide for the incorporation of insurance companies," and the supplements thereto, shall, on the passage of this act and the acceptance of the same by the said directors, signified by their certificate, to be sealed with their corporate seal and signed by their president and secretary, and filed in the office of the secretary of state, be deemed and taken as merged in the corporation created by this act; and that all the policies issued and contracts made for insurance, or otherwise, by the said company, shall be deemed to be as valid and binding upon the company created by this act as if the same had been issued or made by the

same.

10. And be it enacted, That this act shall take effect immediately, and continue in force for the term of thirty years. from the date thereof; and 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 the public good requires it.

Approved, February 16, 1860.

CHAPTER XLV.

AN ACT to change the name of the "Anti-Pedo Baptist Society meeting, in the town of Salem, in the state of New Jersey," incorporated by certificate dated July third, seventeen hundred and eighty-six, and recorded in Salem county clerk's office, July seventeenth.

name changed

1. BE IT ENACTED by the Senate and General Assembly of Corporate the State of New Jersey, That the name of the "AntiPedo Baptist Society, meeting in the town of Salem, in the state of New Jersey," is hereby changed to "the First Baptist Church, Salem, New Jersey."

confirmed.

2. And be it enacted, That the title of all lands here- Title of lands tofore conveyed by the said corporation, are hereby confirmed, and that all lands and real estate now held by the same, and all bequests heretofore made and now pending, shall be held by the said corporation, the same as if the name or title thereof had not been changed; and further, that all the legal rights and liabilities of said corporation shall remain the same as if this act had not been passed.

Approved February 16, 1860.

Preamble.

Purchase of books author

CHAPTER XLVI.
HAPTER

AN ACT to authorize the secretary of state to purchase a further supply of Gifford's index of the pamphlet laws of the state and the statutory constructions.

WHEREAS, by joint resolution approved February sixth, eighteen hundred and fifty-one, the secretary of state was authorized to subscribe for five hundred copies of "an alphabetical and chronological index of the pamphlet laws of New Jersey from the revolution to the present period, with the constructive decisions of the supreme court, together with a synopsis of the new constitution and constructive decisions thereon," and which five hundred copies were delivered to the said secretary of state; and whereas, the said number of copies have been distributed, and but one copy thereof now remains in the library, and the librarian. is unable to furnish copies to persons entitled to the same -therefore,

1. BE IT ENACTED by the Senate and General Assembly of ized. the State of New Jersey, That the secretary of state be, and hereby is authorized to procure from the executors of Archer Gifford, deceased, such number of copies of said book as they may have to dispose of, not exceeding three hundred copies, at two dollars and fifty cents per copy in sheets.

Treasurer au. thorized to pay amount of purchase money.

2. And be it enacted, That the treasurer of this state pay to the executors of said Archer Gifford the price of two dollars and fifty cents per copy for such numbers of said book as they may furnish, not exceeding three hundred copies, upon the certificate of the secretary of state, that the same have been duly delivered to him.

Approved February 16, 1860.

CHAPTER XLVII.

AN ACT to incorporate the Young Men's Literary Association of
Lumberton.

WHEREAS, the persons hereinafter named, and others have Preamble. formed themselves into an association under the name of the "Young Men's Literary Association of Lumberton,' the objects of which are the mutual improvement of its members, the establishment of a reading room and library for the benefit of the public, and with a view to advance the interest of learning generally; and whereas, the said association is desirous of an act of incorporation for the purpose aforesaid therefore,

corporators.

1. BE IT ENACTED by the Senate and General Assembly of Names of the State of New Jersey, That Parker C. Worth, George F. Burroughs, Anson S. Taylor, Samuel Phifer, George T. Cox, Joseph H. Voorhees, James C. Fairburn, James Kerr, and all

and

every other person or persons who are or may become their associates or their successors, shall be, and are hereby incorporated by the name of the "Young Men's Literary Association of Lumberton," and by that name shall be a body corporate and politic, and shall be capable in law to hold by donation, purchase or otherwise, and also to lease and convey real and personal estate, so far as the same may be needed for the purpose of carrying out the objects for which the said association is incorporated.

may make

2. And be it enacted, That the said association shall from Association time to time have power to make, ordain and establish such by-laws. constitution, by-laws and regulations as they shall judge proper for the designation of the officers of said association, the election of the same, for prescribing their respective functions and the mode of discharging the same, and for the transacting, managing and directing the affairs of said asso

Proviso.

Property not to be taxed.

General pow.

ers.

Public act.

ciation; provided, such constitution, by-laws and regulations shall not be repugnant to the constitution and laws of this state and the United States.

3. And be it enacted, That no state, county, city or other public assessments, taxes or charges whatsoever, shall at any time be levied or imposed upon the said association, or upon the estates, real or personal, which may become vested in them under this act.

4. And be it enacted, That this 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, eighteen hundred and forty-six, so far as the same is applicable.

5. And be it enacted, That this act shall be deemed and considered a public act, and shall go into effect immediately. Approved February 16, 1860.

Time for com

pletion of road extended.

CHAPTER XLVIII.

Supplement to an act entitled "An act to incorporate the Belvidere and Bridgeville Railroad Company," approved March the twentieth, Anno Domini, eighteen hundred and fifty-seven.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the time granted for the build