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bond, or mortgage, or otherwise, on the said road, lands, privileges, franchises, and appurtenances of, or belonging to said corporation, at a rate of interest not exceeding seven per centum per annum; provided, that it shall not be lawful Proviso. for the said company to plead any statute or statutes of this state, against usury, in any suit in law or equity, insti. tuted to enforce the payment of any bond or mortgage executed under this section.
18. And be it enacted, That at any time after the expiration of thirty years from the completion of the said road, appraine
of the legislature of this state may cause an appraisement of Ment. the said roads, and the appendages thereof, to be made six persons, three of whom shall be appointed by the chief justice of this state, for the time being, the remaining three by the company, who, or a majority of them, shall report the value thereof to the legislature, within one year from the time of their appointment, or, if they cannot agree, they shall choose a seventh, who, with the aforesaid six, or a majority of them, shall report as aforesaid, or in case the said company shall neglect or refuse to appoint the said three persons on their part, for two months after notice of the said appointment, by the said chief justice, then the three persons so appointed by him shall proceed to make such appraisement, which shall be binding on the said company, or in case the six commissioners shall be appointed, and they cannot agree upon the seventh man, then upon two weeks' notice to the said company, the said chief justice shall appoint such seventh man as aforesaid, to make such appraisement as aforesaid, and thereupon the state shall have the privilege, for three years, of taking the said road, with its appendages, upon the payment to the company of the amount of said report, within one year after electing to take the said road, which report shall be filed in the office of the secretary of this state, and the whole property and interest of said road, and the appendages thereof, shall be vested in the state of New Jersey, upon the payment of the amount so reported to the said company, and it shall be the duty of the president of the company to lay before
the legislature, under oath or affirmation, when they shall so request, a full and fair statement of the costs of said
road, and of the receipts and disbursements of the comProviso. pany; provided always, that the aforesaid valuation shall be
made without any reference to the receipts or disbursements of the company, or advance of stock, and the said valuation shall in no case exceed the first cost, or valuation of
said road, with the appendages thereof. Commence
19. And be it enacted, That if the said railroad shall not completion be commenced within five years, and be completed at the
expiration of ten years from the fourth day of July next,
ensuing, that then and in that case this act shall be void. Certain offi 20. And be it enacted, That the governor, the chancellor,
the justices of the supreme court, and the judges of the court of errors of this state, whilst travelling for the purpose of discharging the duties of their offices, and the members and officers of both houses of the legislature of this state, during their annual or other sessions, shall pass and re-pass on the railroad of said company, in their cars, free of charge.
Approved March 9, 1859.
cers to pass
SUPPLEMENT to an act entitled “ An act to incorporate the Salem Railroad
Company," approved March fourteenth, eighteen hundred and fifty-six.
1. BE IT ENACTED by the Senate and General Assembly of Commisthe State of New Jersey, That the commissioners to open call meeting the books to receive subscriptions to the capital stock of holders. the Salem Railroad Company, shall be and are hereby authorized to call a meeting of the stockholders therein, to organize said company so soon as seventy-five thousand dollars shall have been subscribed thereto. 2. And be it enacted, That so much of the act to which Part of
former act this is a supplement as shall conflict herewith, shall be and repealed. is hereby repealed.
Approved March 9, 1859.
A FURTHER SUPPLEMENT to an act entitled "An act to authorize the in
habitants of the townships of Bedminster and Warren in the county of Somerset, and of the townships of Randolph, Chester and Rockaway in the county of Morris, and of the township of West Windsor in the county of Mercer, and of the township of Washington in the county of Bergen, and of the townships of Hope, Hardwick and Knowlton in the county of Warren, and of the townships of Dover and Millstone, in the county of Monmouth, to vote by ballot at their town meetings."
Election of overseer of the highway.
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the overseer of the highway of road district number nine, in the township of Warren in the county of Somerset, shall be elected by the legal voters of said district as the same may be arranged from time to time by the township committee in said township, and for the purpose of carrying this provision into effect, it shall be the duty of the township committee of said township to give notice of the time and place of holding the first district road meeting under this act, and which meeting shall be held on Saturday next, previous to the annual town meeting in said township at the school-house near Ephraim P. Chandler's, and shall cause notice thereof to be posted up in some conspicuous place in said district, at least five days before the time of holding such meeting, when and where the legal voters residing in said road district shall assemble for the purpose of such election, and when so assembled, the said voters having been called to order by any one of their number, shall proceed by the holding up of hands, to elect a moderator of such meeting by a plurality of votes; and being thus organized the meeting shall proceed in the same manner by the holding up of hands, to elect an overseer of the highway.for such road district, and the moderator at such first meeting shall at the first annual town meeting next after such election, notify the township committee of said township of the said
election, and the name of the person so elected overseer, and in the case of the failure of said district to elect an overseer, or of the person so elected to accept of his appointment, the said township committee shall fill such vacancy and shall furnish the name of the overseer of the said highways so elected or appointed, to the clerk of the township, and he shall publish the same with the names of the officers and the proceedings of the said first town meeting held after such election.
2. And be it enacted, That all subsequent district road Notice to be meetings in said district, shall be called by the overseer irice road of said road district upon notice to be posted up in some conspicuous place in said road district, at least ten days before the time of holding such meeting, and all such subsequent district road meetings shall be held on Saturday next preceding the annual town meeting in said township, and should the overseer of said district fail to call such meeting, or should the person elected refuse to accept said appointment, or in case of a vacancy arising from any other cause, the township committee of said township shall fill such vacancy, and cause the name of the person so elected or appointed to be published as aforesaid by the clerk of said township, upon their receiving from the moderators of such subsequent meetings respectively, the name of the person so elected thereat and which said moderators are hereby required to notify said township committees of the name of the person so elected, at the said annual town meeting, next after such election.
3. And be it enacted, That this act shall take effect immediately.
Approved March 9, 1859.