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road had not been located; but the superstructures of the
said railroad, and the material of which the same are com-
posed, shall in such case be deemed and taken to be personal
property of the company, and shall be by them removed and
disposed of within a reasonable time, to and for the use of the
said company.
14. And be it enacted, That the president and directors Dividends.
may, within one year after the said railroad shall have been
completed, declare and make such dividends of the net profits
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.
15. And be it enacted, That the said company may pur-company
chase, have, hold and occupy such real estate at or near the old real
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 thereon depots, ware-
houses, 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.
16. And be it enacted, That if any person shall wilfullyoa.
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 cost of suit, in any court having cognizance of the same.
17. And be it enacted, That as soon as the said railroad is state as to
completed, the president of the said company shall file, under.”
oath or affirmation, a statement of the amount of the cost of the
said railroad, including all expenses, in the office of the secretary
of state, and annually thereafter he shall, under oath or affirma-
tion, make a statement to the legislature of this state of the
proceeds and expenses of said road; and as soon as the said


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company shall declare to their stockholders dividends equal
to seven per centum per annum, from and after the com-
mencement 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.
18. And be it enacted, That the said corporation shall have
power to borrow, after fifty per cent. of the capital subscribed
shall have been paid in, in cash, such sum or sums of money,
from time to time, as shall be necessary to build, construct
or repair said road, and furnish the said company with all
necessary rails, buildings, cars, vehicles and animals for the
use and object of said corporation, and to secure the repay-
ment 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 however, that the said com-
pany shall not plead the statute of usury in consequence
19. And be it enacted, That it shall be lawful for the said

jo corporation, at any time during the continuance of its charter, es.

Time for com-
pletion of

to make contracts and engagements with any other company
or corporation, or with individuals, for operating such rail-
road, for transporting or conveying any kind of goods, pro-
duce, merchandize, 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.
20. And be it enacted, That if the said railroad is not com-
pleted and in use within three years from the fourth day of
July next, then and in that case this act shall become void.

21. And be it enacted, That the said company shall have ço power to connect with any other railroad now or hereafter other roads. built and established by any company incorporated by the legislature of the state of New Jersey, upon such terms and conditions as shall be agreed between them, and not inconsistent with their respective charters; provided, that no railroad” company shall charge more than two cents for each passenger passing over the line of the said the Newark and Clinton Horse Car Railroad Company for passage over any railroad in the city of Newark, from said boundary line between the township of Clinton and city of Newark to any depot in said city of any railroad company now or hereafter established on any point on said railroad in said city between said boundary line and said depot, nor more than two-fifths of the price charged by any such railroad company for freight for each ton of merchandize or property carried over the line of the railroad of the said the Clinton and Newark Horse Car Railroad Company.

22. And be it enacted, That this act shall take effect immediately.

Approved March 22, 1860.

AN ACT making an appropriation to enlarge the state prison.

to 1. BE IT ENACTED by the Senate and General Assembly of

; Fiate the State of New Jersey, That Silas H. Kitchel, William W. Ward, William P. McMichael, Jonathan Pickel, and Joseph Cunningham, state prison inspectors, or a majority of them, are hereby authorized to erect and construct, by contract with some competent person or persons to erect and construct a wing, with additional cells, to the state prison, of the size, plan and specifications submitted by the joint committee on state prison accounts last year, to the inspectors of the state prison; the said plans, specifications and contracts to be first submitted to the governor and chancellor, and by them approved, before having force or effect.

§: - 2. And te it enacted, That before making any contract,

jo. said commissioners shall advertise in four daily newspapers, one in the city of Trenton, one in the city of Camden, one in the city of Newark, and one in the city of Paterson, at least four weeks, for proposals, and the contract for building said wing shall be given to the lowest bidder or bidders who will

Proviso... give satisfactory security for the completion of the contract; provided, that neither of the commissioners herein named shall be in any wise interested in the contract to be given out or in furnishing materials or doing the work.

ol. 3. And be it enacted, That it shall be lawful for the trea

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*::::::::::" surer of this state, upon the warrant of the governor, to pay

ers. out on the order of the persons named in the first section of this act, or a majority of them, at such times and in such sums, as they or a majority of them may order, and in proportion as the work shall advance, the amount of the contract, which in the aggregate shall not exceed seventeen thousand dollars, and the accounts to be audited according to law. 4. And be it enacted, That said commissioners shall re-compensa. ceive for their services the same pay per diem as now allowed *...* them by law as inspectors for each day they shall be actually engaged in superintending the work; provided, that no pay proviso. as state prison inspectors shall be allowed said commissioners for any day they shall act as such commissioner.

5. And be it enacted, That this act shall take effect immediately.

Approved March 22, 1860.

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A further supplement to an act concerning roads, approved April sixteenth, eighteen hundred and forty-six, and the several supplements thereto.

WHEREAs, excessive damages have in many instances been Preamble. assessed on land or real estate taken for roads, under the provisions of the acts to which this is a supplement, 1. BE IT ENACTED by the Senate and General Assembly of surveyors to

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the State of New Jersey, That hereafter whenever any road . of dauor highway shall be laid out or altered by the six surveyors, or a majority of them, mentioned in the acts to which this is a further supplement, the said surveyors shall immediately thereafter make an assessment of the damage, if any, the

owner of any land or real estate other than the applicant or

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