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May purchase

estate.

sary to fully carry out and effect the objects and intent of this corporation, not inconsistent with the laws of this state or of the United States.

5. And be it enacted, That for carrying out the purposes and hold real and objects of this corporation they may purchase and hold such personal property as may be deemed necessary and expedient, and may lease, purchase, hold and convey such real estate as they shall require, to an amount not exceeding the sum of ten thousand dollars.

How dissolved

Proviso.

General pow

ors.

6. And be it enacted, That the said corporation may be dissolved at any general meeting of the stockholders specially convened for that purpose; provided, at least a majority in value of the stockholders shall be present or represented therein, who shall elect trustees at said meeting, not less than three in number, which trustees, their survivors or survivor, shall be empowered to dispose of all the assets, real and personal, and collect and pay the debts of the said corporation, and settle and compound all its affairs and divide its surplus among the stockholders in proportion to their respective interests in the capital stock.

7. And be it enacted, That the said corporation shall possess all the powers and privileges and be subject to all the restrictions and liabilities contained in the act entitled "An Act concerning corporations," approved February fourteenth, anno domini eighteen hundred and forty-six, and the various supplements thereto.

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

Approved March 1, 1870.

CHAPTER CXLIV.

A Further Supplement to "An Act to incorporate the City of Hoboken," approved March twenty-eighth, eighteen hundred and fifty-five.

est of certifi

1. BE IT ENACTED by the Senate and General Assembly of Rate of interthe State of New Jersey, That all improvement certificates cates. hereafter issued by the said city of Hoboken shall draw interest at the rate of seven per centum per annum from the date of their issue.

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

Approved March 1, 1870.

CHAPTER CXLV.

An Act to authorize the Board of Chosen Freeholders of the County of Passaic to raise money for the construction of bridges by the issuing of bonds; and to protect the bridges of said county from injury by fast driving.

vide for erect

1. BE IT ENACTED by the Senate and General Assembly of May issue the State of New Jersey, That it shall be lawful for the board bonds to proof chosen freeholders of the county of Passaic to provide for ing bridges. the expenses incurred or to be incurred in the building of bridges in and for said courty, by the issuing of seven per centum coupon bonds in the corporate name, and under the corporate seal of said county to be signed by the director of said board of chosen freeholders and attested by the county collector of said county for an amount not to exceed the sum of one hundred thousand dollars in the aggregate, and the said bonds to be for such sums, not less than five hundred

Bonds paid by taxation.

How proceeds

plied.

dollars each, and payable at such time or times as the said board shall deem proper, not exceeding twenty-five years from the date of the approval of this act, the interest to be payable semi-annually; and to pledge the property and credit of said county for the payment of the same; and the said board of chosen freeholders shall have power to sell said bonds for any sum not less than the par value thereof.

2. And be it enacted, That the said board are hereby authorized and required to provide for the payment of the said bonds and the interest thereon as the same shall from time to time become due and payable by taxes to be raised, levied, assessed and collected, at the times and in the manner that other county taxes in said county are levied, assessed and collected.

3. And be it enacted, That the proceeds of the bonds shall be ap- issued under and by virtue of this act shall be applied by said board to the payment and satisfaction, of such indebtedness. as heretofore has been, or shall hereafter be contracted in the construction of bridges in and for said county.

Penalty for driving over bridges faster than a walk.

4. And be it enacted, That it shall not be lawful for any person to ride or drive upon or over any bridge in the said county of Passaic which shall exceed one hundred feet in length faster than a walk, under a penalty of ten dollars for each offence to be sued for and recovered in any court of competent jurisdiction in this state, with costs of suit, by any person who shall sue for the same.

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

Approved March 1, 1870.

CHAPTER CXLVI.

An Act to increase the number of the Township Committee of the township of Bloomfield, in the county of Essex, and to provide for the making of cross-walks, sidewalks, the lighting of streets, and the care of the public grounds in said township.

township

1 BE IT ENACTED by the Senate and General Assembly of Increase of the State of New Jersey, That hereafter the township com- committee. mittee of said township of Bloomfield shall consist of seven persons instead of five, to be chosen in the manner provided by law.

in lighting

streets.

2. And be it enacted, That upon the application of two- Proceedings thirds of the number of land owners upon any street or part thereof in the township of Bloomfield, made in writing over the hands of said land owners, asking for the lighting of such street or part thereof under this act, the township committee of said township shall have power to cause lamp posts to be erected with lamps and the necessary fixtures, and to provide for the lighting of such street or part thereof in such manner and at such times as said committee shall by resolution direct.

assessed upon

street.

3. And be it enacted, That when such posts, lamps and Expense to be fixtures as may be necessary for the lighting of such street owners of or part thereof shall have been put up and provided, and lands upon the the entire expense thereof ascertained by said committee, they shall proceed to assess such expense upon the owners of lands upon such street or that part thereof provided with lights as aforesaid as nearly as may be in proportion to the benefits derived by them respectively therefrom, and shall reduce said assessment to writing and sign the same, and shall cause two copies thereof to be set up in two public places in said township, near to said street or part thereof, with a notice of the time and place of a meeting of said township committee to hear said land owners interested therein, and also cause notice to be served upon each of said land owners living in said township and mentioned in said assess

therein.

sum of

Notice to par- ment substantially, as follows: "You are hereby notified ties interested that the township committee have assessed against you the as your share of the expense of erecting posts, lamps and fixtures in the street on which you own land, and that said committee will meet at for the purpose of reviewing and revising said assessment, at which time and place you are invited to be present.

Annual expense assessed on owners of lands.

Proceedings in grading and

walks.

on

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A. B., Township Clerk."

which notices shall be given at least six days before the time mentioned therein for the meeting of the township committee, and shall be served either by leaving a copy at the resi dence of said land owner if living in said township or by delivery to him or her in person; at the meeting so fixed, or at any duly adjourned meeting after such notice, said committee shall hear the allegations of the land owners who may be present, and shall revise said assessment if they deem it advisable and just so to do; and their assessment so revised shall be final and conclusive upon the parties, and the sums so assessed shall be collected at the same time and in the same manner as other township taxes.

4. And be it enacted, That after said posts, lamps and fixtures shall have been erected, the annual expense of maintaining the same and lighting of said lamps shall be paid by said township committee in the first instance, and shall then be assessed upon the owners of lands in said street, or part thereof, in the manner provided in the preceding section of this act, in each year, and collected at the same time and in the same manner as other township taxes.

5. And be it enacted, That upon application, in writing, paving side signed by twelve or more of the freeholders of said township, petitioning said township committee to cause the sidewalks along any side of a street in said township, between the points named in said petition, to be graded and paved or laid with boards or composition, it shall be lawful for said town. ship committee, in their discretion by resolution of a majority of their number at any regular meeting, to direct such grading, paving or laying to be done, or such part thereof as they may deem best; but before any action shall be taken in pursuance of such resolution, notice shall be given of the same by setting up a copy of said resolution, containing a description of such work, and showing between what points the same is to be done, together with a list of the land owners between said points, in two public places in said township, near to said

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