fifty thousand dollars paid in as herein before provided, the said commissioners shall call a meeting of the stockholders, by public advertisement or otherwise, stating the time and place at which such meeting of the stockholders will be held, and the stockholders there present shall, by ballot, elect a board of directors, consisting of not less than seven nor more than twenty-cne directors, as shall be first determined by the stockholders present in person or by proxy, a majority of whom shall be citizens of and residents in this state, who shall be the first directors of said corporation, and said commissioners shall act as the inspectors of said election; the board of directors so elected shall hold their offices for one year, or until their successors shall be elected, and an election shall be held annually for directors of said corporation, of which elections notice shall be given in some daily newspaper printed and circulating in Hudson county, at least ten days previous thereto, which elections shall be held under the direction of three stockholders, to be appointed by the directors, and such elections shall be by ballot, and the persons, being stockholders, who shall receive the greatest number of the votes cast at such elections shall be directors of said company for the ensuing year, or until others are elected in their places.

7. And be it enacted, That the said directors of the said May make corporation may, from time to time, make, alter and repeal by-laws. by laws for the government of said corporation, its officers and agents, and the conduct and management of its business, and may by such by-laws determine the time, mode and manner of elections of its board of directors; provided, that Proviso. such by-laws shall not conflict with any laws of this state.

8. And be it enacted, That the said " Hudson Insurance Liabilities. Company," the corporation created by this act, by accepting the provisions of this act and organizing under it, shall be deemed to have assumed and are hereby made liable for all the legal liabilities and contracts of the Hudson County Mutual Insurance Company, and to have undertaken to reinsure all the outstanding risks of the said "Hudson County Mutual Insurance Company," and shall be entitled to receive, possess and hold as its own property all the assets of said last named company, except that the said Hudson Insurance Company" shall be required to cancel all the premium notes held by the "Hudson County Mutual Insurance Company" as fast as the outstanding risks of the said original company, for which said notes may be liable, shall expire

filled.

or be cancelled; it being expressly provided that their liabilities as re-insurers shall be secondary to said premium notes, and that their title to said premium notes and their right to enforce payment of the same at law shall be as complete as if such notes had been originally made to said "Hudson Insurance Company" instead of the said "Hudson County Insurance Company."

Vacancies how 9. And be it enacted, That if any of said commissioners named in this act shall, before he shall have fully performed the duties imposed upon such commissioners by this act, depart this life, resign or refuse to act as such commissioner, the remaining commissioners shall fill the vacancy occasioned and thereupon the appointee or appointees shall have all the powers conferred upon, and perform all the duties imposed upon the commissioners so dying, resigning or refusing so to act.

Repealer.

10. And be it enacted, That the act entitled "An act to incorporate the Hudson County Mutual Insurance Company,' approved February eleventh, eighteen hundred and fortytwo, and the supplements thereto shall be, and the same are hereby declared to be repealed upon the election of the first board of directors of the said Hudson Insurance Company under this act, except so far as may be necessary and requisite to uphold any of the provisions of this act, but nothing herein contained shall be construed to impair or affect any contract or obligation of said Hudson County Mutual Insurance Company, and said Hudson County Mutual Insurance Company shall discontinue making contracts of insurance as soon as said Hudson Insurance Company shall commence business by virtue of this act, and the present board of directors of the Hudson County Mutual Insurance Company, shall thereupon duly transfer to the Hudson Insurance Company the property and assets of said Hudson County Mutual Insurance Company.

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

Approved March 16, 1870.

CHAPTER CCLXII.

A Further Supplement to "An Act for the preservation of Clams and Oysters," approved April fourteenth, eighteen hundred and forty-six.

fike nets pro

1. BE IT ENACTED by the Senate and General Assembly of Fishing with the State of New Jersey, That it shall not be lawful for any hibited. person to erect stakes or any other artificial means for the purpose of using wares or fike nets for the taking of fish upon the bottom of North Shrewsbury river, where oysters are planted by any person or persons, without first obtaining permission in writing of the person or persons so occupying

the same.

2. And be it enacted, That if any person or persons shall Penalty. so do, he or they shall for every offence forfeit and pay fifty dollars, to be recovered with costs by action of debt, by any person who shall prosecute for the same, in any court of record in this state having cognizance of that sum, one moiety thereof to the use of the prosecutor, and the other moiety to the overseer of the poor of the township in which the offence was committed, for the use of said township.

3. And be it enacted, That this act shall take effect immedately.

Approved March 16, 1870.

CHAPTER CCLXIII.

An Act to authorize the Rector, Wardens and Vestrymen of Saint Peter's Church, in the town of Freehold, to mortgage or sell and convey certain lands and real estate belonging to said church.

Preamble. WHEREAS, James Robinson, of Freehold, in the county of Monmouth, and state of New Jersey, did, on the twentyeighth day of March, in the year one thousand seven hundred and thirty-eight, by a certain deed under his hand and seal, remise, release and forever quit claim unto the corporation of Saint Peter's church, in the town of Freehola, by the name of the minister, church wardens and vestrymen of Saint Peter's Church, in Freehold, a certain lot of land situate on the corner of Main and Throckmorton streets, in the town of Freehold, and county of Monmouth aforesaid, to have and to hold the same with the appurtenances unto the said minister, church wardens and vestrymen and their successors forever, to the use, intent and purposes therein expressed and declared, that is to say, for the service and worship of Almighty God according to the way and manner of the church of England, as it was then by law established; and whereas, some doubts have been suggested whether under the grant thus made, the rector, wardens and vestrymen of said church, who are the successors of the original grantees, can mortgage or sell the said property and make a perfect title therefor, by reason whereof the value of said property is greatly impaired, and the said corporation subjected to inconvenience and loss; now, therefore,

May sell and

1. BE IT ENACTED by the Senate and General Assembly of convey land. the State of New Jersey, That it shall and may be lawful for the rector, wardens and vestrymen of Saint Peter's Church, in Freehold, and their successors to mortgage or make sale and conveyance of the said property so granted as aforesaid, or of any portion of said property, and to make and execute such mortgages, deeds or other instruments

therefor as they shall deem necessary or advisable for the benefit of said church.

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

Approved March 16, 1870.

CHAPTER CCLXV.

A Further Supplement to the act entitled "An Act to revise and amend the charter of the City of New Brunswick," approved March eighteenth, eighteen hundred and sixty-three.

exempt from

1. BE IT ENACTED by the Senate and General Assembly of Firemen to be the State of New Jersey, That exempt firemen, who have jury duty. received or shall hereafter receive certificates, under the common seal that they have served as firemen in the city of New Brunswick for the term of seven years, shall be exempt from further duty as firemen, and shall be and remain thereafter exempt from serving as jurors, or in the militia in time of peace.

Approved March 16, 1870.

CHAPTER CCLXVI.

An Act to incorporate the Vineland Cranberry Company.

porators.

1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That Marcius Willson, Lewis W. Brown, Henry E. Thayer, Edwin M. Turner, Willis T. Virgil, C. Chester Gifford, J. B. Allender, D. H. Haines and William A. House, and such other persons as may be hereafter asso