CHAPTER CCXLIII. A supplement to the act entitled, "An act to incorporate the Bergen Land and Improvement Company, approved February nineteenth, A. D. eighteen hundred and fifty-five." may be in 1. BE IT ENACTED by the Senate and General Assembly of Capital stock the State of New Jersey, That the Bergen Land and Improve- creased. ment Company be authorized to increase their capital stock to the amount of five hundred thousand dollars, now one hundred and fifty thousand dollars, and that said company be authorized to build wharves, piers and docks, and to purchase all lands and water rights and easements necessary or proper for that purpose, or for any object specified in their charter, and to hold, improve, sell and dispose of all lands so purchased. 2. And be it enacted, That this act shall take effect immediately. Approved March 22, 1860. Preamble. Seventeenth section amended. Public act. CHAPTER CCXLIV. A supplement to an act entitled, "An act to incorporate the Hoboken and Weehawken Horse Railroad Company and to confirm the grants therein mentioned," approved February fourteen, eighteen hundred and sixty. WHEREAS, in the seventeenth section of said act the first time the word "not" occurs, the said word was inserted by mistake-therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the said section shall be so amended as to read "may exercise" instead of may "not" exercise, and the said word "not" where it first occurs in said section is hereby repealed. 2. And be it enacted, That this act shall take effect immediately and be deemed a public act. Approved March 22, 1860. Preamble. CHAPTER CCXLV. AN ACT to authorize Amelia Brandriff and Ellen Brandriff to convey a certain tract of land. WHEREAS, John Brandriff (late of Atlantic county, in this state,) did in his lifetime hold the title to a certain tract of land, situate in said county, containing about one hundred and seventy acres, more or less, near to and adjoining lands of David Gifford and others, which said lands had been conveyed to him by Stephen Colwell and wife, by deed dated the sixteenth day of January, A. D. one thousand eight hundred and fifty-seven; and whereas, Hosea Joslin, of said county, was the owner and in possession of the one undivided half part of said lands, and the said John Brandriff had agreed to divide the same; and whereas, the said lands had already been run out by a surveyor, and the deed thereof made under the order and direction of the said Brandriff to the said Hosea Joslin, his heirs and assigns, for the one undivided half thereof; but that the said Brandriff departed this life intestate before the execution thereof, leaving a widow and two children (one of whom is a minor) him surviving; and whereas, the said Hosea Joslin is now and has been since the division of said premises in the peaceable possession of the said half part thereof, all which satisfactorily appears-therefore, thorized. 1. BE IT ENACTED by the Senate and General Assembly of Conveyance the State of New Jersey, That Amelia Brandriff, widow, and of land au Ellen Brandriff, of full age and one of the heirs-at-law of the late John Brandriff, deceased, be authorized to convey unto the said Hosea Joslin, his heirs and assigns, the piece of land set off to him in the division above specified and approved of by the said John Brandriff in his lifetime, as fully to all intents and purposes as if said deed had been executed by said John Brandriff in his lifetime. 2. And be it enacted, That this act shall take effect immediately. Approved March 22, 1860. Names of corporators. Proviso. Amount of capital stock. CHAPTER CCXLVI. AN ACT to incorporate the Merchants' Bank of the city of Trenton. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That George S. Green, Charles Scott, Robert C. Hutchinson, Ralph H. Shreve, Harper Crozer, Henry D. Phillips, Joseph Whitaker, Charles Brearley, Isaac Stephens, Theodore W. Hill, Albert J. Whitaker, Charles Moore, Samuel R. Smith, Daniel R. Bowers, and their associates, shall be and they are hereby created a body politic and corporate, by the name of the Merchants' Bank, and by that name they shall have and exercise banking powers, and the incidental corporate powers enumerated in the first section of the act concerning corporations; provided, that the said corporation shall not trade or deal in anything except money, bills of exchange, promissory notes, and gold or silver bullion; and shall in no case hold any real estate, goods, wares, merchandize or chattels, except such as may be necessary for the convenient transaction of its business, or shall be mortgaged or pledged to it as security for debts, loans or contracts, or shall be conveyed or sold in full or in part rates, fraction of debts previously contracted in the course of dealings, or shall be purchased upon judgment or execution, for the purpose of bona fide making or securing a debt or debts due or owing said corporation. 2. And be it enacted, That the capital stock of the said corporation shall be three hundred thousand dollars, with liberty to increase it to five hundred thousand dollars, and shall be divided into shares of fifty dollars each; that George S. Green, Charles Scott, Ralph H. Shreve, Charles Moore, Harper Crozer, Robert C. Hutchinson, Henry D. Phillips, and Theodore W. Hill, or a majority of them, shall be and they are hereby appointed commissioners to open at Trenton books of subscription for, and to receive subscriptions to said capital stock, giving at least twenty days notice in one or more of the newspapers printed in the county of Mercer, of the time and place of receiving said subscriptions; that the said books, after having been opened shall be kept open for three successive days, unless the amount of said capital stock shall be sooner subscribed for; that upon the first day of the opening of said books no persons but citizens of the state of New Jersey shall be allowed to subscribe for said stock, and at the time of subscribing for said stock the respective subscribers shall pay to said commissioners five dollars for each share subscribed for. rectors. 3. And be it enacted, That the affairs of said corporation Election of di shall be managed by a board of thirteen directors, seven of whom shall be a quorum for the transaction of business, except in cases of discount, which may be regulated by the bylaws; that the said directors shall be stockholders, and shall, before entering upon the duties of the said office, severally take and subscribe an oath or affirmation, faithfully to execute the trust reposed in them as directors; that the directors shall hold their offices for one year, and until their successors shall be chosen; that the annual election of directors shall be on the first Tuesday in May in every year, at the banking house of said corporation, at such time as the board of directors shall appoint, of which election at least fourteen days notice shall be given by the directors, by an advertisement in one or more of the newspapers printed in the county of Mercer; that the said election shall be by ballot, those having the greatest number of votes to be deemed elected, and shall be by such of the stockholders as may attend in person or by proxy, they being respectively entitled to one vote for each share of stock held in his, her, or their own name or names, for at least three calendar months next before the election; that for the well ordering of said election the board of directors shall previously thereto appoint three stockholders, not being directors, to be judges thereof, who shall conduct the |