give bonds. Surveyors to employed by said commissioners shall, before they enter upon the performance of their duties, give a good and sufficient bond to the inhabitants of the township of Greenville that they will well and truly and faithfully perform their duties as such surveyors, and which bond shall be approved by the street commissioners, and a copy thereof filed with the clerk of said township; and such surveyor or surveyors, at the time of furnishing any certificate or certificates of work done, shall Make amdavit attach thereto his affidavit, under oath, as to the truth and correctness of the statements contained in any such certificate or certificates, and the same shall be filed with the clerk of said commissioners, and a copy thereof shall be filed with the township clerk. to statement. Bids and contracts opened at public meetings. Salary of chairman. Award and contracts to 51. And be it enacted, That whenever any bids are received for the performance of any work or the furnishing of any materials, pursuant to this act, such bids shall be opened at a public meeting, to be held by said commissioners, at their regular meeting place, and all contracts, for any purpose whatever, that shall be given out or awarded by said commissioners, shall be given and awarded at their regular meeting place, at a public meeting; and this provision shall in like manner apply to the township committee of said township in the receiving of bids and the awarding of contracts for any work or materials that may be required by them as such township committee. 52. And be it enacted, That the chairman of the township committee shall receive a total salary of five hundred dollars per year for his services as a member of the said board of finance, and as a member of the township committee, to be provided for in the same manner as the salaries of the other members of the said board of finance. 53. And be it enacted, That in all cases where awards have be set aside. been heretofore made and confirmed for land taken or damages inflicted by the opening of any street or avenue in said township, and said awards have not been paid, that then the street commissioners to be elected under this act, or their successors in office, shall have power to vacate and set aside said awards and proceed in the mode pointed out in section twelve of this act, dispensing, however, with the petition for opening and deposit of money required by said section; said street commissioners shall in case they do not desire to proceed with the opening of any such street or avenue, or desire to change the location or width thereof, proceed to vacate and set aside ascertained. said awards, and the damages that may be sustained by Damages, how property owners by vacating and setting aside said awards (if any damages are sustained thereby), shall be ascertained in the way and manner pointed out in section twenty-nine of this act. 54. And be it enacted, That "A Supplement to 'An Act to Repealer. create from the town of Bergen, in the county of Hudson, a new township to be called the township of Greenville,'" approved March eighteenth, eighteen hundred and sixty-three, approved April second, eighteen hundred and sixty-six; "A Further Supplement to an act entitled 'An Act to create from the town of Bergen, in the county of Hudson, a new township to be called the township of Greenville,'” approved March eighteenth, eighteen hundred and sixty-three, approved March twenty-seventh, eighteen hundred and sixty-eight; “A Further Supplement to an act, approved March eighteenth, eighteen hundred and sixty-three, entitled 'An Act to create from the town of Bergen, in the county of Hudson, an new township to be called the township of Greenville,'" approved March ninth, eighteen hundred and sixty-nine; "A Further Supplement to an act entitled 'An Act to create the township of Greenville,'" approved March eighteenth, eighteen hundred and sixty-three, approved April second, eighteen hundred and sixty-nine; "An Act relating to the street commissioners of Greenville, Hudson county, New Jersey,' approved March second, eighteen hundred and seventy, be and they each of them are hereby repealed, except so far as relates to existing contracts and awards and assessments, and in reference to these matters said acts shall remain in full force, effect and virtue, except where different provision has been made therefor by this act, and all other acts and parts of acts inconsistent with this act, shall be and the same are hereby repealed, and this act shall be deemed a public act and shall take effect immediately. Approved March 13, 1872. 36 CHAPTER CCXX. An Act to incorporate the West Jersey Manufacturing Company of Wenonah. 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That George Wood, John F. Starr, George S. Harris, Samuel Hopkins, William J. Sewell, Samuel A. Whitney, Horatio J. Mulford, West Jessup, Thomas Jones Yorke, Allen S. Morgan, Isaac C. Stevenson, Edward A. Warne, John M. Moore, Benjamin F. 'Lee and William F. Allen, and their associates and successors, and all persons who shall become subscribers to the capital stock hereby created, shall be and are hereby created a body politic and corporate by the name of "The West Jersey Manufacturing Company of Wenonah." Name. Capital stock. 2. And be it enaeted, That the capital stock of said company shall be one hundred and fifty thousand dollars, divided into shares of fifty dollars each, with power to increase the same to three hundred thousand dollars, and which shall represent the lands, tenements and real and personal estate which the said company by this act is empowered to purchase, hold and acquire; and the persons above named, or a majority of them, are hereby constituted commissioners to receive subscriptions to the said stock, at such time or times, and at such place or places, as they or a majority of them may direct, by giving public notice thereof, at least two weeks previously, in one newspaper published in each of the counties of Gloucester and Camden; and as soon as fifty thousand dollars shall be subscribed, the said commissioners, or a majority of them may, by public notice as aforesaid, call a meeting of the stockholders of said company for an elecElection of di tion of seven directors, each of whom shall be a stockholder; the said commissioners, or any three of them, to be inspectors and judges of said first election; directors, when chosen, shall serve for one year, or until others are elected in their stead, and shall elect one of their number to be president, and shall appoint other officers and agents as they may deem expedient, and allow them suitable compensation, delegating rectors. such agents or officers such powers as they may deem expedient; and shall, annually, by public notice as aforesaid, call meetings of the stockholders for the election of directors of the said company; and the directors shall have power to call in said stock, at such times, in such manner, in such installments, and upon such notice as they may deem proper, and in case of failure by any stockholder to pay his or her installments, at the time and place of payment thereof, or within thirty days thereafter, such stockholder, at the option of the directors, shall incur a forfeiture of his or her share or shares, and of all previous payments thereon, for the use of the company. transferable. 3. And be it enacted, That the capital stock shall be con-stock, how sidered personal property, and be transferable only on the books of the company in such manner as the directors, by their by-laws, or otherwise, may direct; each share to entitle the holder thereof to one vote, either in person or by proxy. 4. And be it enacted, That George Wood, John F. Starr, First directors Samuel A. Whitney, Horatio J. Mulford, George S. Harris, William J. Sewell and William F. Allen, shall be the first directors of this company, who, or a majority of them, shall, as soon as convenient after the passage of this act, assemble and organize said company, and shall continue in office until others shall be elected, as provided in the second section of this act. and personal 5. And be it enacted, That the said company may for the May hold al purpose of manufacturing iron, cotton, wool, paper, wood, and estate. any other article the manufacture of which shall not be prohibited by the laws of this state, buy, rent and hold any lands, tenements and water powers in the county of Gloucester, whereof they may become seized or possessed, and hold and convey any real and personal estate, and erect such factories, mills or other buildings as may be necessary and useful for the purposes aforesaid; and may sell, mortgage, rent, lease or otherwise dispose of the same as they may deem proper; and make such regulations respecting the government of said works as they may deem advisable; and shall have, enjoy and exercise all the rights, powers and privileges pertaining to corporate bodies, and necessary for the purposes of this act. subscribed. 6. And be it enacted, That the Mantua Land and Im-stock may be provement Company and the West Jersey Railroad Com-' pany be and are hereby authorized to subscribe for and take Dividends May be altered any amount they may choose of the capital stock to be issued by said company, and be entitled to all the powers and privileges of stockholders of said company. 7. And be it enacted, That the directors may declare dividends from the profits only of the business of the said company, at such times and in such manner as they may deem expedient. 8. And be it enacted, That this act shall be deemed a puband repealed. lic act and shall go into effect immediately, and may be altered, amended or repealed, as the legislature may see fit. Approved March 13, 1872. Name and powers. CHAPTER CCXXI. An Act to incorporate the Long Branch Banking Company. 1. BE IT ENACTED by the Senate and General Assembly Corporators. of the State of New Jersey, That William R. Maps, James E. Lippencott, Aaron S. Bright, John A. Morford, Thomas G. Chattle, Bloomfield Drummond, William H. Bennet, Eden Woolley, Abner Allen, Francis Corlies, Samuel C. Morris and William Hathaway, and their associates shall, and they are hereby created a body politic and corporate, by the name of "The Long Branch Banking Company," and shall be located at Long Branch, in the county of Monmouth and state of New Jersey, and by that name shall have and exercise banking powers and the incidental corporate powers enumerated in the first section of the act concerning corporations; provided, that said corporation shall not trade or deal in anything except money, bills of exchange, promissory notes, gold or silver bullion, and the national legal notes of the United States, and shall in no case hold any real estate, goods, wares, merchandise or chattels, except such as may be necessary for the convenient transaction of its business, or shall be mortgaged or pledged to it as security for debts, loans or contracts, or shall be purchased upon judgment or Proviso, |