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ton Academy may sell at public sale their lot of land and academy building, and make title to the purchaser thereof; first giving one month's notice of said sale in the newspapers of said town, and that they may apply the proceeds therefrom to the cause of education in the said town of Newton. Approved March 14, 1870.

Increase of

CHAPTER CCXIII.

A Further Supplement to the act entitled "An Act to incorporate the Cedar Cliff Cemetery Company," approved March twentyeighth, eighteen hundred and sixty-five.

1. BE IT ENACTED by the Senate and General Assembly of capital stock the State of New Jersey, That The Cedar Lawn Cemetery Company," formerly named "The Cedar Cliff Cemetery Company," are hereby authorized to increase the capital stock of said company, at such time or times as the directors. thereof shall deem proper, to an amount not to exceed, in the whole, one hundred and fifty thousand dollars.

May purchase

tional land.

2. And be it enacted, That the said company are hereby and hold addi- authorized to purchase, hold and possess, for the purposes and objects mentioned in the act to which this is a supplement, and pursuant to the provisions thereof, such additional land in the county of Passaic, adjoining the cemetery of said company, as the directors thereof shall deem proper; provided, the lands of said company shall not exceed, in the whole, one hundred and fifty acres.

Proviso.

Repealer.

3. And be it enacted, That all acts and parts of acts, general, special or municipal, inconsistent with the provisions of this act, are hereby repealed.

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

Approved March 14, 1870.

CHAPTER CCXIV.

An Act to incorporate the Union Mercantile Association of
Mullica Hill, Gloucester county, New Jersey.

porators.

name.

1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That John Duell, Jonathan Colson, Israel Pancoast, John Gaunt, senior, William W. Dunn, Samuel Ashcraft and James Chattin, and such other persons as are now or shall hereafter become stockholders, be and are hereby created a body politic and corporate, in fact and in law, by the name and style of the "Union Mercantile As Corporate sociation of Mullica Hill, Gloucester County, New Jersey,' for the purpose of buying, selling and dealing in general merchandise and for such purpose the said company shall or may raise by subscription, by opening books therefor or otherwise, a capital stock of fifteen thousand dollars, to be divided Amount of into shares of fifty dollars each, with privilege of increasing the same from time to time, with the consent of a majority of the stockholders, to any amount not exceeding fifty thousand dollars, and it shall be lawful for said company to issue certificates of stock in whole or in part payment for any real or personal property purchased or leased by said company for the purpose of their business aforesaid.

capital stock.

and personal

2. And be it enacted, That the said company may pur- May hold real chase, use, hold, possess and enjoy, such real estate as may estate. be necessary or expedient for the purposes of said corporation, and may sell, mortgage, lease or otherwise dispose of the same at pleasure, and may sue and be sued in all courts of law or equity, and may have and use a common seal, and may change and alter the same at pleasure, and may make such by-laws for their regulation and government as they may see proper; provided, the same are not inconsistent with the proviso. constitution or laws of the United States or of this state.

tion of direc

3. And be it enacted, That the affairs and business of the Annual elecsaid corporation shall be managed by not less than three nor tors. more than five directors, and said directors shall be stockholders in said corporation, and shall be elected at the annual meeting of the stockholders, to be held on such day and

Not dissolved

on failure to elect directors

Annual statement.

Office, where located.

How dissolved

Proviso.

General pow

ers.

hour and place, as the by-laws of said corporation shall direct; a majority of directors shall on all occasions, when assembled as directed by the by-laws, constitute a body competent to transact business, and all business matters before them shall be decided by a majority of votes, and in case a vacancy may occur by death or otherwise, the remaining directors may appoint any stockholder to fill such vacancy.

4. And be it enacted, That in case it shall happen that an election of directors shall not be made upon the day designated for that purpose, the said corporation shall not be dissolved, but the stockholders may proceed to hold an election for directors on any other day, by giving ten days notice of such election.

5. And be it enacted, That the said directors shall submit to the stockholders at their annual meeting a written statement of the affairs of said corporation, setting forth a full and complete list of assets and liabilities, money due to, and owing by said corporation as near as the same can be ascertained.

6. And be it enacted, That the store and office of the said company shall be in Mullica Hill, Gloucester county, New Jersey; and that regular books of account shall be kept in said office, also books of evidence of ownership of stock and transfer of the same, and such stock books shall be evidence of ownership of said stock in all elections and other matters decided by the stockholders of said corporation.

7. And be it enacted, That the said corporation hereby created may be dissolved by a general meeting of the stockholders of the same specially called for that purpose; provided, that at least three-fourths in value of the stockholders shall concur therein, and upon such dissolution the directors or their survivors, or such persons as the stockholders may appoint, shall be trustees for the settling of all affairs of the company, disposing and collecting of all its property and assets, paying its debts and dividing its surplus among stockholders in proportion to their respective interests in said stock. 8. And be it enacted, That the corporation hereby created shall possess the general powers and be subject to the general restrictions set forth in an act entitled "An Act concerning corporations," approved on the fourteenth day of February, eighteen hundred and forty-six, so far as the same may be applicable.

9. And be it enacted, That this act shall take effect imme

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A further Supplement to an Act entitled "An Act to incorporate the Barnegat Railroad Company," approved March twentysecond, eighteen hundred and sixty-six.

money and

and mortgage.

1. BE IT ENACTED by the Senate and General Assembly of May borrow the State of New Jersey, That it may and shall be lawful secure the for the president and directors of the company authorized same by bond by the act entitled "An Act to incorporate the Barnegat Railroad Company," approved March twenty-second, anno domini eighteen hundred and sixty-six, to borrow from time to time such sum or sums of money as may be required and necessary, in addition to the amount of stock which may be subscribed, to be used for the purposes of building, constructing and repairing the railroad authorized to be constructed by the act aforesaid, and for furnishing the necessary engines, cars, machinery and buildings for the uses and objects of said corporation, and to secure the repayment thereof, with interest, by executing bonds and mortgages, or otherwise, on the said road and its appurtenances, and upon the lands, personal property, property privileges, franchises and other assets of or belonging to the said corporation at an interest not exceeding seven per centum per annum. 2. And be it enacted, That it shall be lawful for the said Route of railcompany, by its president and directors, to lay out, survey and construct the said railroad from some suitable point in Ocean county, on the line of the New Jersey Southern railroad (late known as the Raritan and Delaware Bay railroad) as they may select, passing through or near to the village of Barnegat and Manahawken, in Ocean county, to the village of Tuckerton, in Burlington county; and that they are

road.

hereby invested with, and may exercise the same rights, powers, privileges and franchises for and in the construction, use and enjoyment of the same, and shall be subject to the same conditions, provisions, limitations and restrictions as are contained in the act to which this is a supplement, and in all supplements hitherto made thereunto, except where such conditions, provisions or limitations shall conflict with this supplement.

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

Approved March 14, 1870.

Power to lay

public street.

CHAPTER CCXVI.

A Supplement to an act entitled "An Act to incorporate Washington, in the county of Warren, into a borough or town corporate.

1. BE IT ENACTED by the Senate and General Assembly of out and open the State of New Jersey, That it shall be lawful for the common council of said town to open and establish a public street running from the Morris turnpike to the Morris and Essex railroad, in said corporate limits, and for that purpose may take and appropriate any lands and real estate for the purpose of laying out said street upon making compensation to the owner or owners thereof.

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2. And be it enacted, That in case no agreement can be made for such lands, or where minors are interested or parties are incapacitated from loss of mind or otherwise, it shall be lawful for the common council to appoint three disinterested freeholders, one of whom shall be a resident of said town, and two shall be residents of the township of Washington, in the county of Warren, commissioners to make an estimate and assessment of damages that any such owner or owners may sustain by taking and appropriating in the manner aforesaid such lands and real estate.

3. And be it enacted, That said commissioners before en

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