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Company may hoid real es

tate.

juring works.

thereof among the stockholders as they may deem prudent, and shall in like manner, semi-annually thereafter, declare such dividends, and pay the same to the stockholders or their legal representatives, in proportion to the amount of stock held by them respectively.

13. And be it enacted, That the said company may purchase, have, hold and occupy such real estate, at or near the commencement and termination of said road, and at such points along the line of said road as may be necessary for the convenient transaction of business, not exceeding five acres in each place, and may erect and build thereupon depots, warehouses, and such other buildings and improvements as they may deem expedient for the safety of their property and the necessary uses appertaining to their business.

Penalty for in- 14. And be it enacted, That if any person shall wilfully or maliciously injure the said road, or any buildings, cars, vehicles, animals, or works of said corporation, such person or persons shall forfeit and pay therefor to the corporation, three times the amount of damages sustained by means of such injury, to be recovered in the name of the corporation, with costs of suit, in any court having cognizance of the same.

State tax to be paid.

Proviso.

15. And be it enacted, That as soon as the said railroad is finished, the president of the said company shall file, under oath or affirmation, a statement of the amount of the costs of the said railroad, including all expenses, in the office of the secretary of state, and annually thereafter, he shall, under oath or affirmation, make a statement to the legislature of this state, of the proceeds and expenses of said road; and as soon as the said company shall declare to their stockholders dividends equal to seven per centum per annum, from and after the commencement of the building of said road, and so long as the said company pays dividends of seven per centum per annum, the said company shall pay to the treasurer of this state a tax of one-half of one per centum on the cost of the said road, to be paid annually on the first Monday in January; provided, that no other tax or impost shall be levied or raised from said corporation by virtue of any law of this state.

may borrow

16. And be it enacted, That the said corporation shall have Corporation power to borrow such sum or sums of money, from time to money. time, as shall be necessary to repair said road, and furnish, the said company with all necessary buildings, cars, vehicles and animals for the use and object of said corporation, and to secure the re-payment thereof by bond and mortgage, or otherwise, on the said road, land, franchises and appurtenances of, or belonging to the said corporation, at a rate of interest not exceeding seven per centum per annum; provided Proviso. however, that the said company shall not plead the statute of usury in consequence thereof.

may make

other compa

nies.

17. And be it enacted, That it shall be lawful for the said Corporation corporation, at any time during the continuance of its char-contracts with ter, to make contracts and engagements with any other company or corporation, or with individuals, for operating said railroad, for transporting or conveying any kind of goods, produce, merchandise, freight or passengers, and to enforce the fulfillment of such contracts, and also to demand and receive for the transportation of all passengers and freight by them carried and transported over the road of any other company, the same rates of fare and tolls as the said company are entitled to demand and receive, by virtue of this act, for transportation and passage over their own road; and it shall also be lawful for said company, at any time after said railroad shall be completed, to extend it to the city of Paterson, or any intervening point, under the regulations and restrictions hereinbefore laid down.

Time for commencement

18. And be it enacted, That if the said railroad is not completed and in use within three years from the fourth day of and comple July next, then and in that case this act shall become void.

tion of road.

connect with

19. And be it enacted, That the said company shall have Company may power to connect with any other railroad hereafter built and other roads. established by any company incorporated by the New Jersey legislature, upon such terms and conditions as shall be agreed on between them, and not inconsistent with their respective charters.

20. And be it enacted, That this act shall take effect imme

diately.

Approved March 15, 1860.

Preamble.

CHAPTER CXXVI.

AN ACT to authorize the trustees of the Millstone school house lot to sell and convey the same.

WHEREAS, Daniel H. Disborough and Matilda, his wife, by a deed dated the twenty-ninth day of July, eighteen hundred and fourteen, conveyed to Frederick Frelinghuysen and Edward Van Harlingen, and to their successors as trustees for the neighborhood of Middleburgh, near Millstone, in the county of Somerset and state of New Jersey, a lot of land in the village of Millstone, adjoining the church, for the purpose of erecting thereon a school house, and for no other purpose; and whereas, the said Frederick Frelinghuysen and Edward Van Harlingen have departed this life, and John Van Doren and Peter N. Beekman have been appointed their successors; and whereas, the said Daniel H. Disborough, and Matilda his wife, by their deed dated the seventh day of January, eighteen hundred and forty, have released to the said John Van Doren and Peter N. Beekman, as trustee as aforesaid, all their right in the said lot, so that the title is discharged of any condition; and where

as, the school district of the village of Millstone, by their trustees, have purchased another lot more suitable to the wants of the district, and erected a school house thereon; and whereas, it is desired by the neighborhood that the lot first mentioned should be sold, and the proceeds applied to the uses of the school district-now,

thorized to

1. BE IT ENACTED by the Senate and General Assembly of Trustees anthe State of New Jersey, That the said John Van Doren and sell land. Peter N. Beekman, the trustees above mentioned, are hereby authorized to make sale and conveyance of the aforesaid lot of land for the best price that can be obtained for the same, and to execute a good and sufficient deed for the same.

Proceeds of sale to be paid

2. And be it enacted, That the said John Van Doren and Peter N. Beekman shall pay over the proceeds of said sale to over to trus the trustees of the Millstone school district, for the use of the said district.

Approved March 17, 1860.

tees.

CHAPTER CXXVII.

AN ACT for the relief of Mary Hand, of the county of Cape May.

WHEREAS, Jeremiah Hand, a soldier and pensioner of the war Preamble. of the Revolution, died on the twenty-fifth day of April,

A. D. eighteen hundred and fifty-nine, leaving his widow,
Mary Hand-therefore,

Treasurer authorized to pay Mary

Hand fifty

dollars.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the treasurer of this state shall, and he is hereby authorized and required, to pay to Mary Hand the sum of fifty dollars per annum, to be paid half-yearly, on the first day of April and October, eighteen hundred and sixty, and the sum of fifty dollars per annum thereafter, during the term of her natural life, to be paid halfyearly, and the receipt of the said Mary Hand, or her order, shall be a sufficient voucher to the treasurer for such sum or sums of money as he may pay by virtue of this act, in the settlement of his accounts.

2. And be it enacted, That this act shall go into effect immediately.

Approved March 17, 1860.

Provisions of former act extended.

CHAPTER CXXVIII.

AN ACT to extend the provisions of the act entitled, "An act to prevent horses, cattle, sheep and swine from running at large in the townships of Hackensack and Harrington, in the county of Bergen," approved February twelfth, eighteen hundred and fiftytwo, to a part of the township of Newton, in the county of Sussex.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the act entitled, "An act to prevent horses, cattle, sheep and swine from running at large

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