CHAPTER CCXXXI. AN ACT in relation to unclaimed express freight in this state. freight way Proviso. 1. BE IT ENACTED by the Senate and General Assembly of Unclaimed the State of New Jersey, That it shall be lawful for any ex-be oid. press company chartered by this state, to sell at public auction any unclaimed freight, articles or goods not perishable, which may have been in their possession for six months or over, and when the owner or owners, consignee or consignees, are unknown, cannot be found, or refuse to receive such freight, articles or goods; and may in like manner sell all articles of a perishable nature in five days if such articles would depreciate in value by being longer kept; provided, that before such sale shall be made, public notice shall be given by six insertions in the newspapers, and by notices set up in at least three of the most public places of the neighborhood at which such freight, articles or goods were directed to be left, and where the sale is to take place, naming the articles to be sold, the name of the person to whom directed, if known, and the time and place of sale, at least five days before the time of sale; and in case of sale of perishable articles, such notice shall be sufficient, if so set up at least three full days, and also advertise one insertion in a newspaper printed in the immediate neighborhood. ducted. 2. And be it enacted, That every sale made as provided in sale, how com the foregoing section shall be made in some public place, between the hours of ten o'clock in the forenoon and four o'clock in the afternoon, and if the residence of the person to whom the article is directed be known, the company shall serve a copy of the notice of sale on such person before the sale; and it shall be the duty of every express company making a sale, as aforesaid, to keep a book in which shall be Disposition of proceeds of sale. recorded a list of all articles sold by them, the price for which, and the name of the person to whom each article is sold, and the expenses of advertisement and sale, the name of the person or firm to whom it was directed, and the name of the owner and person by whom it was delivered to said company if known, and shall once in each year file a true transcript from said books in the office of the clerk of the county where such property is sold. 3. And be it enacted, That the proceeds of said sale shall go first to defray the costs and expenses of said sale, and then to the account of freight and charges of the express company on said freight, articles or goods, and the balance, if there be any, shall be paid over to the legal owner or owners; and if no person or persons shall, within one year after the sale, claim the net proceeds thereof, then said company shall pay the same over to the overseer of the poor of the city, township or borough where such sale is made. 4. And be it enacted, That this act shall take effect immediately. Approved March 22, 1860. CHAPTER CCXXXII. AN ACT to authorize the trustees of "the Lumberton Council, num ber six, of the order of United American Mechanics," to sell and convey certain real estate situate in the village of Lumberton, in the county of Burlington. thorized to 1. BE IT ENACTED by the Senate and General Assembly of Trustees authe State of New Jersey, That Mahlon Tash, John Wright sell land. and Lorenzo D. Hammell, the present trustees of "the Lumberton Council, number six, of the order of United American Mechanics," or their successors in office, be and they are hereby authorized and empowered to sell and convey, either at public or private sale, all that lot of land situate in the village of Lumberton, in the county of Burlington, which was conveyed by William Brick and Rosamond, his wife, to the officers and members of the unchartered institution known by the title of "the Lumberton Council, number six, of the order of United American Mechanics," by deed bearing date the twenty-seventh day of September, in the year of our Lord one thousand eight hundred and forty-seven, together with the buildings and improvements thereon, with the appurtenances, for the best price they can obtain for the same, and to execute a good and sufficient deed for the same to the chaser thereof. pur 2. And be it enacted, That this act shall take effect immediately. Approved March 22, 1860. Names of cor porators. Amount of capital stock. Stock trans ferable. CHAPTER CCXXXIII. AN ACT to incorporate the United States Hotel Association. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That William Neligh, Benjamin H. Brown, George Woelper, and their associates, and all other persons who shall become subscribers and owners of the capital stock hereby created, shall be and they and their successors are hereby made and declared to be a corporation and body politic, in fact and in law, by the name of "the United States Hotel Association," and by that name shall have power to lease, purchase and hold real estate on Absecom beach, in Atlantic county, in this state, and also to purchase, have and hold a farm in said county, not exceeding in the whole one hundred acres, and to erect and maintain a hotel, and other buildings and improvements, on any part of said real estate, for the accommodation of strangers and visitors, and to transact all such business as may be incident or appertaining to the erecting, furnishing, conducting or leasing said premises, for the purposes aforesaid, or conveying the surplus of said real estate, not required for the aforesaid object, to any person or persons purchasing the same, in fee simple. 2. And be it enacted, That the said corporation shall have power to raise, by subscription, a capital stock of one hundred and fifty thousand dollars, with liberty to increase the same hereafter, whenever a majority of the directors of said corporation shall so determine, to any sum not exceeding two hundred thousand dollars. 3. And be it enacted, That the capital stock of said corporation shall be divided into shares of fifty dollars each, and shall be transferable in such manner as the by-laws of the said corporation shall direct; and each share of the said capital stock shall entitle the bona fide owner thereof to one vote at all meetings of the stockholders. ers to receive 4. And be it enacted, That the persons named in the first Commissionsection of this act are hereby appointed commissioners to subscriptions. receive subscriptions to said capital stock at such place in this state as a majority of them may appoint, and as soon as the whole of said stock is subscribed, the said commissioners shall call the first meeting of the stockholders for the purpose of organizing said company. rectors. 5. And be it enacted, That the directors shall be elected Election of difrom among the stockholders, in such manner as the by-laws of said corporation shall prescribe, and shall not be less than three in number, and shall with all other officers of said corporation hold their offices until others are elected and duly qualified in their stead. liabilities. 6. And be it enacted, That the whole amount of debt which Amount of the said corporation shall at any one time owe, shall not exceed the amount of the capital stock subscribed for. 7. And be it enacted, That this act shall go into effect immediately. Approved March 22, 1860. |