consistent with the laws of this state, or the provisions of this charter. capital stoc 3. And be it enacted, That the capital stock of said as-Amount of sociation shall be fifteen thousand dollars, with the privilege of increasing the same, from time to time, to any sum not exceeding thirty thousand dollars, divided into shares of ten dollars each; said shares to be deemed personal property, transferable in such manner as the by-laws of said incorporation shall direct. managed by 4. And be it enacted, That the government of said in Affairs to be corporation, and the management and disposition of its directors. stock, property and concerns, shall be vested in five directors, chosen from among the stockholders, in the manner hereinafter directed, who shall hold their office for the term of one year, and until others are elected; and in all cases the directors chosen at one election shall be capable of serving. by virtue thereof, until another election shall have been held; and should any vacancy or vacancies occur during the interval between the elections, by reason of death, resignation or otherwise, in such case the remaining directors, or a majority of them, may proceed to choose persons to fill such vacancy or vacancies; the said directors shall appoint from among themselves a president, secretary, and treasurer. rectors. 5. And be it enacted, That the election for directors afore- Election of disaid shall be held annually, on the second Tuesday of April, at such place in the city of Camden as shall be directed by the by-laws of said incorporation, and public notice of said election shall be given, not less than five days' previous thereto; and each stockholder shall be entitled to as many votes, in person or by proxy, as he, she or they shall hold shares of the capital stock of the said incorporation. elect directors 6. And be it enacted, That in case it should at any time Failure to happen that an election should not be held, the said corpora- not to dissolve tion shall not, for that cause, be deemed to be dissolved, but it shall and it may be lawful to hold such election on such other day, in the manner aforesaid, as shall be prescribed by the laws of said corporation. kept. 7. And be it enacted, That the directors shall at all times Books to be keep or cause to be kept proper books of accounts, in which shall be regularly entered all transactions of the said corporation, which books shall at all times be open to the inspection of the stockholders, or their legal attorney or attorneys; and further, that no transfer of stock shall be Stock, how transferable. Taxation. Repealer. valid or effectual until such transfer shall be entered or registered in a book kept by the directors for that purpose. 8. And be it enacted, That the real and personal property of said corporation shall be subject to taxation. 9. And be it enacted, That all acts and parts of acts inconsistent with this act are hereby repealed. 10. And be it enacted, That this act shall take effect immediately. Approved March 19, 1872. construct road. CHAPTER CCXXX. A Further Supplement to an act entitled "An Act to incorporate the Farmingdale and Squan Village Railroad Company," approved April third, eighteen hundred and sixty seven. 1. BE IT ENACTED by the Senate and General Assembly of Anthorized to the State of New Jersey, That the said the Farmingdale and branch rall Squan Village Railroad Company be, and they are hereby authorized and empowered to survey, lay out and construct an extension or branch of their railroad from some point at or near the present terminus thereof, at Squan Village, in the county of Monmouth, to some point at or near Ocean Grove, in said county; and in order to enable said company to prosecute, complete and use the said extension or branch of their railroad, they are hereby invested with all the rights, powers and authority, and subject to all the liabilities, restrictions and limitations conferred by or imposed in the original act of incorporation, and the supplements thereto now in force. May borrow money. 2. And be it enacted, That the said company shall have power to borrow such sum or sums of money from time to time, as shall be necessary to build and construct said extension or branch of their said railroad, and to secure the payment thereof by bond and first mortgage, or otherwise, on the said road, lands, privileges, franchises, depots and appur tenances of or belonging to said extension or branch of said road, at a rate of interest not exceeding seven per cent. per annum, which mortgage shall have priority over any mortgages that have been or may hereafter be executed on main line of said road; and it shall not be lawful to plead usury on their bonds or other securities sold by them at such prices as at the time they thought best for the interest of the company, but if said securities shall be good at all times against said company for their face value. 3. And be it enacted, That this act shall take effect immediately. Approved March 19, 1872. CHAPTER CCXXXI. An Act to authorize the trustees of the Trinity Methodist Episcopal Church in Dennisville, in this State, to sell the parsonage and chapel. sell and con 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the trustees of the Trinity Trustees may Methodist Episcopal Church, a corporation located in Den- vey parsonnisville, in the county of Cape May, in this state, be and age and chapel they hereby are authorized and empowered to grant, bargain, sell and convey, by deed, in fee simple or otherwise, their parsonage and chapel. 2. And be it enacted, That this act shall take effect immediately. Approved March 19, 1872. Name. CHAPTER CCXXXII. An Act to incorporate the Workingmen's Beneficial Association, of Gloucester City, Camden county, New Jersey. 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That Thomas McCabe, David McKeown, Laurence Conroy, Herman Klosterman, John O. Brien, Peter Toole, and such other persons as now are or hereafter may be associated with them, and their successors, shall be and are hereby constituted a body corporate, by the name of "The Workingmen's Beneficial Association, of Gloucester City, Camden County, New Jersey," and by this name they and their successors shall have perpetual succession, and may have and use a common seal, and shall have power to change and alter the same at pleasure; and by their name aforesaid, and under their common seal, may make, enter into, form and execute any contracts or agreements relating to, touching or concerning the objects of said incorporation. Object laws, &c. 2. And be it enacted, That the object of this corporation shall be to assist its sick or disabled members, and also to aid in burial of its deceased members, or a member's wife. May make by. 3. And be it enacted, That the said corporation shall have power to adopt a code of by-laws and constitution for the better management of finances, general business and election of officers; provided, that such by-laws shall not be repugnant or inconsistent with the constitution of the United States or this state. Proviso. May hold real estate. May provide of fees and assessments. 4. And be it enacted, That the said corporation may hold real or personal property, either purchased or devised, not to exceed the sum of five thousand dollars. 5. And be it enacted, That said corporation may provide for collection for the collection of fees, dues, assessment and fines from its members to carry out the objects hereinbefore stated, and for the suspension or expulsion of its members for non-compliance with its lawful rules. Property ex 6. And be it enacted, That the property of said corporaempt from tax tion shall be exempt from any tax imposed by or under the laws of this state. 7. And be it enacted, That this act shall take effect im An Act to incorporate the New Jersey Conference Camp 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That William E. Perry, Elwood H. Corporators. Stokes, Jacob B. Graw, Henry M. Brown, Samuel E. Post, M. Hays Perry, Philip Kline, William Watson, James F. Morell, Garner R. Snyder, Isaiah D. King, Joseph B. Dobbins, James M. Cassidy, James M. Hoffman, William Fischer, Aaron E. Ballard, and their successors, be and they are hereby constituted a body politic and corporate, by the name of "The New Jersey Conference Camp Meeting Associa- Name and tion," for the purpose of providing and maintaining for the members and friends of the Methodist Episcopal Church, a proper, convenient, desirable and permanent camp meeting grounds in the townships of Mantua and Clayton, in the county of Gloucester. powers. hold and pos 2. And be it enacted, That it shall and may be lawful for May purchase, said corporation to purchase and hold real and personal es- sess lands. tate, and to acquire such lands in this state, in fee simple or otherwise, as they may deem necessary, proper, or desirable, for the purposes and objects of said corporation, and the same or any part thereof to dispose of in fee simple or otherwise, on such terms, conditions and restrictions, not repugnant to the laws of this state or the laws of the United States, as the officers of said corporation may see fit. 3. And be it enacted, That the capital stock of said cor- capital stock. poration shall be twenty-five thousand dollars, and may be increased to any sum not exceeding fifty thousand dollars, and shall be divided into shares of fifty dollars each, which |