of the Rockaway river with the said canal; provided, that proviso. pletion of ca 17. And be it enacted, That this act shall be null and void Time for com unless said company shall complete and open the said canal nal. for the passage of boats, within ten years from the passage of this act; and that the funds of the said company shall at no time be used in any banking operations. 18. And be it enacted, That nothing contained in this act Chartered shall be so construed as to affect the chartered rights or priv- companies not rights of other to be affected. Act may be amended. Public act. ileges of any company or incorporation heretofore authorized or created by the legislature of this state. 19. And be it enacted, That it shall be lawful for the legislature at any time hereafter to alter, modify or amend this act, as the public good may require. 20. And be it enacted, That this act shall be deemed and taken as a public act, and shall at all times be recognized as such in all courts and places whatsoever, and shall be in full force and effect from and after the time of its passage. Approved February 21, 1860. Names of corporators. "General pow ers. CHAPTER LVI. AN ACT to incorporate the Patent Package Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Henry E. Richards, Luther Spencer Goble, Daniel F. Tompkins, Adolphus W. Waldron, Oscar L. Baldwin, and such other persons as may hereafter be associated with them, and their successors, shall be and are hereby constituted and made a body politic.and corporate, in fact and in law, by the name and style of "the Patent Package Company," for the purpose of carrying on the business of manufacturing patent packages, cans or boxes, composed wholly of wood or of metal, or of a combination thereof, and by their said corporate name shall be able and capable in law to acquire, purchase, receive, have, hold, and enjoy any and all letters patent or any part thereof, issued or to be issued for any and all improvements in the mode of manufacturing said patent packages, cans or boxes, and any invention, or any part thereof, or any machine for the same purpose, for which a patent has been or shall be granted for or in the United States or elsewhere, and the said inventions and improvements and machines, or any part thereof, and the said letters patent issued or to be issued, or any part thereof, in any specific territory, or in the whole United States or elsewhere, to assign, sell, and dispose of, and to license any person or persons, body politic or corporate, to use and practice the said inventions in any place or places whatsoever, and to receive or not, as they shall choose, on all such sales or licenses, or any price or prices, rent or royalty, revenue or income, that they may choose; and to make any and all contracts, agreements and deeds for the purpose of acquiring or disposing by assignment or license, or in any other way, of all and any part of said inventions, improvements, machines and letters patent, and to manufacture any and all such machines as may or shall be made in pursuance of such letters patent issued or to be issued, and of carrying on and transacting business incident to or connected with the manufacture of said patent packages, cans or boxes; and by their said corporate name they and their successors shall have all the powers and privileges, and be subject to such limitations and restrictions, as are specified and contained in the act entitled, "An act concerning corporations," approved February fourteenth, one thousand eight hundred and forty-six, and the act supplementary thereto and amendatory thereof, so far as the same are applicable, except as otherwise granted in and by this act of incorporation; and this act shall continue in force thirty years. capital stock 2. And be it enacted, That the capital stock of said com- Amount of pany shall be fifty thousand dollars, with the privilege of increasing the same to one hundred thousand dollars, and shall be divided into shares of one hundred dollars each, which Commissioners to receive shall be deemed personal property, and be transferable on the books of the company only in such manner as the said corporation shall by its by-laws direct. 3. And be it enacted, That it shall be lawful for the aforesubscriptions. said corporators (hereinafter constituted the first directors of this company,) to receive subscriptions to the capital stock, by opening books or otherwise, and as soon as three hundred shares of the said capital stock shall have been subscribed and paid in cash, it shall and may be lawful for the said company to commence its said business; and it shall be lawful for the directors of said company, whenever any shares of said capital stock shall be subscribed for, to call in, collect and demand from the stockholders of said company respectively, all such installments due by them on such shares of stock so subscribed for, at such time and in such proportion as they, the directors, shall deem proper, under penalty of forfeiture of the shares and all previous payments made thereon; provided however, that such stockholders shall be notified personally, by written notice, or by advertisement in one of the daily papers published in the city of Newark, county of Essex, at least thirty days previous to the time of such installments becoming due. Proviso. Election of directors. 4. And be it enacted, That the stock, property and concerns of said company shall be managed by not less than five, nor more than nine directors, a majority of whom shall be residents of this state, and one of whom shall be appointed president; said directors shall always be stockholders in said company, and shall hold office until the next annual meeting of stockholders and election for directors, and until others shall have been duly elected in their places, the number of directors to be fixed from time to time by the stockholders, at their annual meetings; that the first annual meeting of stockholders and election for directors of said company shall be held on third Tuesday in January, one thousand eight hundred and sixty-one, and on the third Tuesday of January annually thereafter, at such place and hour as the by-laws may direct; and in case any vacancy occurs, by reason of death, resignation, or otherwise, the remaining directors shall have power to fill such vacancy; and the first directors of this company shall be Henry E. Richards, Luther Spencer Goble, Daniel F. Tompkins, Adolphus W. Waldron snd Oscar L. Baldwin, who shall hold their offices until the third Tuesday in January, one thousand eight hundred and sixty-one, and until others shall have been duly elected to their places. First directors. not dissolved elect on day prescribed. 5. And be it enacted, That in case at any time an election Corporation should not be made on the day specified in this act, the cor- for failure to poration for that cause shall not be deemed to be dissolved, but it may and it shall be lawful to hold such election at such other day, hour and place, and upon such notice to stockholders as shall be prescribed by the ordinances and by-laws of said corporation. amended. 6. And be it enacted, That the legislature may alter, amend, Act may be or repeal this act whenever in their judgment the public good requires it. ון Approved February 21, 1860. CHAPTER LVII. AN ACT to authorize the Trustees of the Mount Zion African Methodist Episcopal Church of Trenton to sell a certain lot of land. WHEREAS, the Mount Zion African Methodist Episcopal Preamble. Church of Trenton own a certain lot of land fronting about |