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All deeds to convey title.

the books of deeds in the register's office, of Essex county, and are seven in number, whereof the first was given by Samuel Oliver and others, and recorded in Book ninety-three of Deeds, pages forty and forty-one; the second by David S. Craig and others, and is recorded in Book I, three of Deeds, pages four hundred and ninety-four, four hundred and ninety-five; the third by John Y. Van Tuyl, and is recorded in Book I, three of Deeds, pages four hundred and seventyfive, four hundred and ninety-six; the fourth by Henry Ludlow and wife, and is recorded in Book W, four of Deeds, pages four hundred and forty-six, four hundred and fortyseven; the fifth by Samuel Oliver and wife, and is recorded in Book H, six of Deeds, pages twenty four, twenty-five, twenty six; the sixth by Randolph De Camp and wife, and is recorded in Book forty-eight of Deeds, pages four hundred and six, four hundred and seven, four hundred and eight; and the seventh by Moses T. Crane and wife, and is recorded in Book two hundred and thirteen of Deeds, pages four hundred and eighty one, four hundred and eighty-two, four hundred and eighty-three; and to execute and deliver to the purchaser or purchasers thereof, under their common seal, good and sufficient deeds therefor, which deed shall convey to, and vest in the said purchaser or purchasers a good and valid title in fee simple to said premises.

2. And be it enacted, That all deeds heretofore given by authority of the trustees of said church for the time being, purporting to convey any portions of the land above mentioned, shall vest in the purchasers thereof, as complete a title in fee as if the above mentioned deeds had been made to said church in its corporate name.

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

Approved February 14, 1872.

CHAPTER XLVII.

An Act to incorporate the Trenton Manufacturing Company.

powers.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Robert S. Manning, Charles Corporators. V. Mead, Willet Hicks, Charles W. Sloan, J. W. Elberson, and their associates be, and they are hereby created a body politic and corporate, in fact and in law, by the name and style of "The Trenton Manufacturing Company," for the Name and purpose of manufacturing and selling wringers, and carrying on the business incident thereto; and for such purpose the said company shall or may raise by subscription, by opening the books therefor, or otherwise, a capital stock of one hun- Capital stock. dred thousand dollars, to be divided into shares of five hundred dollars each, with the privilege of increasing the same to two hundred thousand dollars; and it shall be lawful for said company to issue certificates of stock, providing such stock shall be paid up in cash, 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.

money and

2. And be it enacted, That said corporation may purchase, May borrow use, hold, possess and enjoy such real estate as may be ne- Issue bonds. cessary or expedient for the purposes of said corporation; and may sell, mortgage, lease, or otherwise dispose of the same at pleasure; and may borrow money and issue bonds therefor, to an amount not exceeding at any one time, onehalf of their paid up capital stock; 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 deem proper; provided, the same are not Proviso. inconsistent with the constitution or laws of the United States or of this state.

directors.

3. And be it enacted, That the affairs and business of the Managed by said corporation shall be managed by not less than three nor more than five directors, who shall elect one of their number president; and said directors shall be stockholders in said corporation, and shall hold their offices for one year, and

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until others shall be chosen to fill their places; said directors shall be elected at the annual meeting of the stockholders; to be held on such day, at such hour of the day, and at such place, as the by-laws of the said corporation shall direct, and until such annual election shall take place, Robert S. Manning, Charles V. Mead, Willet Hicks, Charles W. Sloan and J. W. Elberson, being stockholders, shall be directors of said. corporation; a majority of the directors shall on all occasions, when assembled at such place as the by-laws of the said corporation shall direct, constitute a body competent to transact business; and all business matters before them shall Vacancy, how be decided by a majority of votes; and in case a vacancy shall occur in the board of directors by death, resignation, or a failure of the stockholders to elect the full number authorized by this act, the remaining directors for the time being, or a majority of them, shall have power to fill such vacancies by the appointment of any stockholder.

filled

Failure to

elect directors

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

Annual statement.

Principal of fice.

How dissolved

Proviso.

5. And be it enacted, That the said directors shall submit t, the stockholders, at their annual meeting, a written statement of the affairs of the said corporation, setting forth the amount of the capital stock paid in, the amount of money due to and from the said corporation, and the amount of all assets and property, belonging to said corporation, as nearly as the same can be ascertained.

6. And be it enacted, That the principal office of said company shall be in the county of Mercer, where regular books of account shall be kept, to which any stockholder shall have free access at all reasonable times, for the purpose of inspection, and that books of transfer of the stock shall also be kept, and shall be evidence of the ownership of said stock, in all elections and other matters submitted to the decision of 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 direc

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tors, for the time being, and the survivors of them, or such person as the said stockholders shall appoint, shall be trustees for settling all the affairs of the company, collecting and disposing of all its property and assets, paying its debts, and dividing its surplus among the stockholders, in proportion to their respective interests in the stock.

ers.

8. And be it enacted, That the corporation, hereby created, General powshall possess the 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, one thousand eight hundred and forty-six, so far as the same may be applicable.

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

Approved February 14, 1872.

CHAPTER XLVIII.

A Supplement to the act entitled "An Act to incorporate the Gesang Verein Eintract," approved March first, eighteen hundred and seventy.

shares, and se

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the corporation created by May issue the act to which this is a supplement may, for the purpose of cure the same purchasing or leasing land and buildings, or of erecting, alter by mortgage. ing, repairing, fitting and furnishing any buildings or lands. purchased or leased by them, or of making any improvements upon any premises in which they may have a fee simple or other interest; issue shares in amounts not less than twentyfive dollars each, redeemable in twenty years or sooner, and bearing interest not exceeding seven per centum per annum ; and that said shares may be secured by mortgage or other

wise.

2. And be it enacted, That this act, and the one to which it is a supplement, shall be deemed and taken to be public acts, and that this act shall take effect immediately.

Approved February 14, 1872.

Name.

Notices for meetings de

CHAPTER XLIX.

A Further Supplement to an act entitled "An Act to incorporate the Dundee Manufacturing Company," passed March fifteenth, eighteen hundred and thirty-two.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the said company shall hereafter be known as "The Dundee Water Power and Land Company."

2. And be it enacted, That public notices calling meetclared valid. ings of stockholders for election of directors of said company shall be published in one newspaper only, printed in the county of Passaic, that all elections of directors heretofore held, when notice by advertisement was not given in newspapers printed at Newark, and in the city of New York, are declared valid, just as if notice by such advertisement had been so given and printed.

May establish office.

May issue bonds, &c.

Proviso.

May sell lands.

3. And be it enacted, That it shall be lawful for said company to establish an office in the city of New York, if the same shall be to its advantage for the letting of its powers, or the disposal of its lands, or for any other purpose.

4. And be it enacted, That said company shall have power to issue bonds, and secure the same by mortgage upon its property, or any part thereof, to the amount of six hundred thousand dollars, and sell the said bonds and make them valid at any rate upon which they may agree with the purchasers; provided, that the rate of interest shall not exceed the rate of seven per centum per annum, and divide the proceeds thereof among its stockholders, or they may so divide the bonds themselves; and that the company shall have power to issue to its stockholders, or to other parties, preferred stock to the amount of two hundred and fifty thousand dollars, or make its common stock preferred to that amount, and to dispose of the same or its proceeds, or to divide the same among its stockholders in such way as the company may see fit.

5. And be it enacted, That the company may from time to time sell and convey such portions of their lands and pro

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