perty as they may see fit, and such lands and property as they may hereafter acquire by purchase in the counties of Bergen and Passaic, which they are hereby authorized to do, and may divide the proceeds of lands and property so sold among their stockholders, or may make such other disposition thereof as may seem to the best advantage of the company.

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

Approved February 14, 1872.

CHAPTER L.

An Act to enable the Trustees of School District Number Three, in the county of Essex, to mortgage school property.

WHEREAS, the trustees of school district number three, in the Preamble. county of Essex, were directed by the voters thereof at the last annual district meeting to make alterations and repairs to the school house, to the amount of fifteen hundred dollars, and also were authorized to borrow the amount, securing payment of it by bond and mortgage upon the school property of the district; therefore,

thorized to execute bond and mortgage.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the trustees of school district Trustees aunumber three, in the county of Essex, are hereby authorized to execute a bond and mortgage in their corporate name for any sum not exceeding fifteen hundred dollars, the said mortgage to be given upon the property owned by the said district, and which shall be a valid lien upon said property. 2. And be it enacted, That this act shall take effect immedia ely.

Approved February 15, 1872.

sell township

property.

CHAPTER LI.

An Act to authorize the township committees of the townships of Englewood, Ridgefield and Palisades, in the county of Bergen, to sell their real estate.

1. BE IT ENACTED by the Senate and General Assembly of Election to the State of New Jersey, That the persons qualified to vote at town meetings in the townships of Englewood, Ridgefield, and Palisades, in the county of Bergen, may, at any regular town meeting, or one specially called by the town committee, vote upon the question whether the poor house farm and premises and the other real estate belonging to the late township of Hackensack, in said county, at the time of its division into said three townships, shall be sold or not; that the voting shall be ballot, the ballots in favor of selling to be marked "yes," and those opposed to it to be marked "no," and if at any such election a majority of the ballots cast in the said three townships taken together shall be in favor of selling, then the said township committees shall have the right and power to sell said farm and other real estate at public or private sale, and to convey the same by deed or deeds in the name of The Inhabitants of the Townships of Englewood, Ridgefield and Palisades, in the county of Bergen," to any purchaser or purchasers, on such terms as they shall deem best; the signatures of a majority of each of the said township committees to said deed or deeds to be sufficient; provided, that at least thirty days' previous notice that the question of selling said farm and other real estate is to be voted upon at said meeting, shall be given by advertisements set up by the town clerks in five of the most public places in each of said townships, and by advertisements in the newspapers printed and published in the county of Bergen ; and provided, that such question shall only be voted upon once in any

Committee may sell farm, &c.

Proviso.

Proviso.

Repealer.

year.

2. And be it enacted, That all parts of acts inconsistent with this act be, and the same are hereby repealed, and that this act shall take effect immediately.

Approved February 15, 1872.

CHAPTER LII.

An Act to incorporate St. Mary's Total Abstinence Society of Morristown.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John McGuier, Patrick Han- Corporators. nan, James Timmins, Luke Kilkeney, James Pendergras, and such other persons as are now, or hereafter shall become members of "The St. Mary's Total Abstinence Society, of Morristown," are hereby constituted a body incorporate, by the name aforesaid, to have perpetual succession, and to have a common seal.

2. And be it enacted, That the object of this corporation Object. shall be purely moral and charitable, being to provide for the temporal welfare of the members thereof, by affording relief in case of accident or sickness, assisting to bury deceased members, protecting the widow and orphan of deceased members, encouraging all persons to abstain from the use of intoxicating liquors, and for any other benevolent or charitable purpose appertaining to said society.

3. And be it enacted, That said corporation shall have omcers. power to appoint such officers as to them shall appear necessary for conducting the business of the corporation, which officers so chosen and appointed, shall give bonds for the faithful performance of the duties of their office, respectively, if required, in such sum or sums, and with such securities as may be directed by the corporation.

4. And be it enacted, That the said corporation shall, from Powers. time to time, have power to make, ordain, and establish such by-laws and regulations as they shall judge proper for the election of their officers, for prescribing their respective duties, for regulating the times and places of their meetings, and for the transacting, managing, and directing the affairs of the corporation; provided, that such by-laws and regulations Proviso. shall not be repugnant to the constitution and laws of this state, or of the United States.

estate.

5. And be it enacted, That the corporation may hold real May hold real or personal estate, either purchased or devised, not to exceed the amount of twenty thousand dollars.

General pow

ers.

6. 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," passed and approved February fourteenth, one thousand eight hundred and fortysix, and the various supplements thereto.

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

Approved February 15, 1872.

ed.

CHAPTER LIII.

A Further Supplement to the act entitled "An Act to incorporate the People's Mutual Fire and Marine Insurance Company of Newark, New Jersey," approved March fifth, eighteen hundred and sixty-six.

1. BE IT ENACTED by the Senate and General Assembly of Name chang the State of New Jersey, That the title of the act entitled "An Act to incorporate the People's Mutual Fire and Marine Insurance Company of Newark, New Jersey," approved March fifth eighteen hundred and sixty-six, be and the same is hereby amended so as to read, "An Act to incorporate the People's Insurance Company of Newark, New Jersey."

Amendment.

Repealer.

2. And be it enacted, That the fourth section of said act be and the same is hereby amended by striking out the words "a plurality of," so as to read "and by the stockholders in person or by proxy."

3. And be it enacted, That so much of the act to which this is a further supplement, and so much of the supplement thereto, approved March twentieth, eighteen hundred and sixty-seven, as are inconsistent with this act, be and the same are hereby repealed.

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

Approved February 15, 1872.

CHAPTER LIV.

An Act to incorporate the Ironia Car and Transportation
Company.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Daniel Budd, Edmund Can- Corporators. field, George Richards, Frederick A. Demott, Jacob Vanatta, Dorastus L. Bryant and Alonzo Bryant, or the survivor or survivors of them, and all such persons as may hereafter be associated with them, or the said survivors, their successors or assigns, shall be, and they are hereby constituted and declared a body corporate and politic, in fact and in law, by the name of "The Ironia Car and Transportation Company," Name. to be located at such point or points in this state as said company shall deem most advantageous for carrying on the manufacture of engines and cars; and that the persons above named, and their successors, by the same name, shall be able and capable in law, to acquire, purchase, receive, have, hold and enjoy, any lands, real estate, tenements, hereditaments, and any goods and chattels of whatsoever kind and quality, necessary or expedient for the purposes of this act; and the said lands, real estate, tenements, hereditaments, goods and chattels, or any part thereof, to sell, grant, demise, mortgage and dispose of.

2. And be it enacted, That the capital stock of said com- Capital stock. pany shall be five hundred thousand dollars, with power to increase the same to one million of dollars, and shall be divided into shares of one hundred dollars each, and after fifty thousand dollars shall have been paid in, said company may purchase real estate, purchase or build manufactories and other property necessary for their business, and issue stock to the amount of the value thereof, in payment therefor; and the stock so issued shall be declared to be, and taken to be, full stock, and not liable to any further calls; and that it shall be lawful for said company to issue bonds to the amount of its capital stock, payable at such times as the said company shall designate; and to execute mortgages upon their property to secure the payment of the said bonds, with the

interest.