received therefrom in paying the debts and liabilities of the said association and improving the cemetery. 2. And be it enacted, That this act shall take effect immediately. Approved March 20, 1872. Preamble. Trustees allthorized to sell, convey real estate. CHAPTER CCLXXIX. An Act to enable the trustees of the St. George's Methodist Episcopal Church, of Passaic, New Jersey, to convey and mortgage property; also to legalize the sale of a part of said church property heretofore made. WHEREAS, the St George's Methodist Episcopal Church, of Passaic, New Jersey, are engaged in the erection of a new place of worship; and whereas, it is desirable to sell the old church edifice and the lot or curtilage on which it stands, and another lot, known as the parsonage lot, to aid in paying for the new building: and whereas, it may be desirable to mortgage or sell some part or all of said real estate. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the trustees of the St. George's Methodist Episcopal Church, of the village of Passaic, Pasand mortgage saic county, New Jersey, are hereby empowered and authorized to sell, either at public or private sale, such part or parts of the real estate now held by them, as they may deem expedient, and to make and deliver to the purchaser or purchasers a good and sufficient deed or deeds for the same, by which the whole title of said corporation shall pass to the purchaser or purchasers free and clear; and they are also empowered and authorized to mortgage any part or all of the real estate held by them, when in their opinion it is desirable so to do. Proceeds, how applied. 2. And be it enacted, That the proceeds of the said sale or sales, or mortgage or mortgages, shall be used by said. legalized. trustees to aid in paying for the new building now erecting, or for such other purpose as the said trustees shall determine. 3. And be it enacted, That a conveyance of a part of said Conveyance church property, made by said trustees on August fourth, eighteen hundred and sixty-eight, to Susan A. Jenkins, is hereby legalized. 4. And be it enacted, That this act shall be deemed a public act, and shall take effect immediately. Approved March 28, 1872. CHAPTER CCLXXX. An Act to incorporate the Perry, Packard Lumber Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That James A. Perry, Oren Pack- Corporators. ard, John P. Scholfield, Anson G. P. Dodge, and Samuel Scholfield, and such others as may be associated with them, and their successors, are hereby declared to be a body politic and corporate in law, by the name of "The Perry, Pack- Name. ard Lumber Company," and as such shall possess and exercise the ordinary powers of corporations for the purposes of this act. 2. And be it enacted. That the objects of said company Principal of shall be the dealing and working in lumber in all its branch. fice. es, and the purchasing and selling of all kinds of wood and lumber, and the manufacturing of the same, and of different articles from the same, for builders and others; the principal office of said company shall be in the city of Camden, in this state, where the meeting of the stockholders and directors shall be held, its books and papers kept, and its business transacted. hold and con 3. And be it enacted, That the said corporation may pur- May purchase chase, use, hold, possess and enjoy real estate, and shall have vey lands. power to build upon and improve, and also to lease, convey sell and mortgage the same, and to receive, take and assign any mortgage or mortgages, whether the game be taken in Proviso. Amount of capital stock. Affairs, how managed. Vacancies, how filled. payment or part payment of any real estate sold by them or not, and may also hold, assign, sell and convey any mortgage or mortgages, or any real estate that may have been taken by them, or which shall hereafter have been conveyed to them, and may sell, mortgage, lease, or otherwise dispose of the same, at their pleasure; and may sue and be sued, plead and be impleaded, and may have a common seal, and may change or alter the same at their pleasure, and may make such by-laws for their regulation and government as they shall think proper; provided, the same are not inconsistent with the constitution and laws of the United States or of this state. 4. And be it enacted, That the capital stock of this corporation shall be two hundred thousand dollars, divided into shares of one hundred dollars each, and the capital stock upon which they shall commence business shall be one hundred thousand dollars, of which the stock already subscribed and paid for shall be deemed and taken as part, which shares shall be deemed personal property, and shall be transferable in such manner as the said corporation shall direct, and it shall and may be lawful for the said corporation at any time, by a vote of a majority of the stockholders to increase the same to three hundred thousand dollars. 5. And be it enacted, That the stock, property, and affairs of the said corporation shall be managed by not less than three, nor more than seven directors, one of whom of said directors shall be elected president, and said directors shall be stockholders in said corporation, and shall hold their office for one year, and until others shall be chosen to fill their places; said election of said directors shall be held at the annual meeting of said stockholders to be elected on such day and hour of said day, and at such place as the by-laws of the said corporation shall direct, and until such annual election shall take place, the persons named in the first section of this act, with such others, being stockholders, as they shall appoint, shall be directors of said corporation; a majority of the directors, shall on all occasions when assembled, at such time and place as the by-laws shall prescribe, constitute a body to transact business; and all business matters before them shall be decided by a majority of votes, and in case any vacancy shall occur in the board of directors by death, resignation or failure of the stockholders to elect a full number authorized by this act, the remaining directors be made. for the time being, or a majority of them, shall have power to fill such vacancy by the appointment of any stockholder. 6. And be it enacted, That the said directors shall subunit Statement to to the stockholders, at their annual meeting, a written statement of the affairs of said corporation, setting forth the amount of the capital stock paid in, the amount of money due to and from the corporation, and the amount of all assets and property belonging to said corporation, as nearly as the same can be ascertained. 7. And be it enacted, That dividends of so much of the Dividends. profits of the said corporation as the directors may think advisable, may be declared in the months of January and July in every year, to be paid to the stockholders or their legal representatives at any time, on demand, after the expiration. of thirty days after the same shall have been so declared. elect not to dissolve. 8. And be it enacted, That in case it shall happen that an Failure to election of directors shall not be made upon the day desig. nated in this act 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. count to be 9. And be it enacted, That books of account shall be kept Books of acin the office of said corporation, to which any stockholder may kept. have free access at all reasonable times for the purpose of inspection, and that books of transfer of the stock shall be also 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. take effect. 10. And be it enacted, That this act shall take effect as soon Act when to as the said "The Perry, Packard Company," at a meeting of the stockholders called for that purpose, shall, by a resolution, signify their acceptance thereof as the charter of said corporation; and that this act shall continue in force for fifty years; provided, that nothing in this act contained shall be Proviso. construed to alter or impair the rights, liabilities and contracts of the said company under its present organization, and that the corporation hereby created shall possess the general powers, and be subject to the restrictions, provisions, duties, limitations and obligations set forth in an act entitled "An Act concerning corporations," approved February fourteenth, anno domini eighteen hundred and forty-six, and the supplements to said act, so far as the same are applicable. 11. And be it enacted, That this act shall take effect immediately. Approved March 20, 1872. Treamble. CHAPTER CCLXXXI. An Act to incorporate the Saint Patrick's Total Abstinence WHEREAS, a number of the inhabitants of the village of Passaic, county of Passaic, and state of New Jersey, have formed themselves into an association or society, to which they have given the name of "The Saint Patrick's Total Abstinence Benevolent Society, of Passaic, New Jersey,' the object of which is to create a fund to be applied towards the relief or support of such members thereof as shall, by sickness, accident or bodily infirmity, or other cause, be rendered incapable of attending to their usual occupation or calling, and also towards the decent interment of deceased members; and whereas, it is believed that an act of incorporation will promote the objects of the society, and add to the security of its property; therefore, 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That Thomas Meade, Thomas Giblin, Michael Beirne, Moses Mulchinock, Timothy Hegarty, Henry Frain, Michael King, Patrick Williams, Michael Driscoll, Michael Watters, John Syms, Thomas Momion, and all such other persons as now are or shall hereafter become members of said society, be and they are hereby constituted and declared to be a body politic and corporate, in fact and in law, by the name, style and title of "The Saint Patrick's Total Abstinence Benevolent Society, of Passaic, New Jersey;' and by that name they and their successors shall have continued succession, and be persons in law capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts of law and equity whatsoever, in all manner of actions, Name and powers. |