CHAPTER CCLXXXIX.

An Act to incorporate the State Fruit Growers' Company.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Samuel J. Parker, William A. Corporators. Newell, Charles G. Imlay, E. W. Earl, William L. Imlay, Charles C. Lathrop, A. Rankin, A. Hart, Thomas L. Vanderbeek, M. D., and Newell Imlay, or any five of them, are hereby appointed commissioners for receiving subscriptions to the capital stock of a company to be denominated "The State Fruit Growers' Company," and for that purpose they Name, shall procure a suitable book and enter in as follows: "We whose names are hereunto subscribed, promise to pay to the State Fruit Growers' Company the sum of ten dollars for each and every share of stock set opposite to our respective names, in such manner and in such proportions, and at such times as shall be determined by the president and directors of said company."

capital stock.

2. And be it enacted, That the capital stock of the said Amount of company shall consist of ten thousand shares at ten dollars each, with privilege to increase the same to twenty-five thousand shares.

3. And be it enacted, That the real estate which it shall Real estate. be lawful for the said company to purchase, hold, rent or convey, shall be such as shall be requisite for the convenient. transaction of its business.

lands, &c.

4. And be it enacted, That the State Fruit Growers' Com- May purchase pany is hereby authorized to purchase lands and engage in the cultivation of fruits, grains, vegetables, and such other products as will promote the interests of the corporation, and convert the same into such marketable conditions as may be deemed advisable; provided, none thereof shall be converted Proviso. into spirituous or malt liquors; and to manufacture glass and other wares, whether solids or fluids; and to make what are commonly known as fruit jars or cans, and to buy and sell the same, with or without contents.

elect directors

5. And be it enacted, That a general meeting of stock- Fallure to holders shall be annually held on the first Monday of Janu- not to dissolve

rectors.

rectors.

ary, for the election of five directors and the transaction of other business; but if such meeting or election shall not take place, the corporation for that cause shall not be dissolved, but such meeting or election shall take place thereafter as soon as may be, public notice thereof being first addressed to the stockholders.

Election of di- 6. And be it enacted, That the election of directors shall be by ballot, from among the stockholders; and that in the enactment of the by-laws for the government of the corporation and its officers, and in the decision of all questions, the stockholders present, either in person or by proxy, shall severally have one vote for each share of stock held by them. Powers of di- 7. And be it enacted, That the directors shall continue in office until their successors be elected; shall elect a president and vice president from among themselves; shall supply vacancies in their number, whether occasioned by death, resignation or other cause, and shall have general and entire control of the affairs of the corporation, unless otherwise provided by the stockholders; and at their meetings, three members shall constitute a quorum. Approved March 20, 1872.

Preamble.

CHAPTER CCXC.

An Act for the purpose of raising money to construct and complete a public school building in District Number Fourteen, at Scudder's Falls, in the county of Mercer.

WHEREAS, the trustees of school district number fourteen, of the townships of Ewing and Hopewell, in the county of Mercer, have partially erected a public school building, which building when finished, and furniture necessary in said building, will cost about the sum of fifteen hundred dollars,

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the board of trustees of said district number fourteen are hereby authorized to finish

thorized to

building.

the erection and construction of said public school building, Trustees au
and to provide the necessary furniture and apparatus in said finish school
school building, and to construct fences in and around the
same, and to make such other improvements as to said trus-
tees or their successors may seem desirable, and to expend
therefor any sum or sums of money that may be necessary,
not exceeding fifteen hundred dollars.

money.

2. And be it enacted, That said trustees are hereby au- May borrow thorized to borrow money on bond and mortgage for the purpose aforesaid, and cause the cost of said building to be assessed upon the taxable property of the district in the same manner as other taxes are now assessed and collected; pro- Proviso. vided, not more than one-half of said expense shall be levied and assessed in any one year.

3. And be it enacted, That this act shall be deemed a public act, and shall take effect immediately. Approved March 20, 1872.

CHAPTER CCXCI.

A Supplement to the act entitled "An Act to incorporate the city of Woodbury," approved March sixteenth, eighteen hundred and seventy.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the words "for paying state Amendment. and county taxes," in the twenty-sixth section of the act to which this 18 a supplement be stricken out, and that the amount limited in said section to be raised by the council shall be in addition to and exclusive of the state and county tax ordered to be raised in any year.

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

Approved March 21, 1872.

Preamble.

money and issue bonds.

CHAPTER CCXCII

A Supplement to an act entitled "An Act to incorporate the town of Union, in the township of Union, in the county of Hudson," approved March twenty-ninth, eighteen hundred and sixty-four.

WHEREAS, the council of the town of Union having issued improvement certificates to Gardner and Heck for the improvement of Gardner and Durham streets, which said certificates the town of Union guaranteed to redeem in one year from the date of the same; and whereas, said improvement not being completed, and no said assessment having been made, nor money raised to pay said certificates, which are now due; and the holders of said certificates having sued the town of Union to recover the amount due thereon, and the said town of Union desiring to redeem said certificates; therefore,

1. BE IT ENACTED by the Senate and General Assembly of May borrow the State of New Jersey, That the town council of the town of Union shall have power to borrow a sum of money not exceeding thirty thousand dollars, and may issue their bonds therefor, under the corporate seal of said town, and the signature of the chairman of the council, in such sums and payable at such times as said council shall deem proper, bearing interest not exceeding seven per cent. per annum, payable semi-annually, with coupons attached, and to pledge the property and credit of said town for the payment of the same, which bonds it shall be lawful for said council and their successors to sell and assign, provided, the bonds so issued shall not be sold for less than ninety-five per cent. of their par value, and the money raised by the sale of said bonds shall be used by said council to redeem said certificates issued to said Gardner and Heck for said improvement, and for no other purpose whatsoever, and said bonds, when due, shall be redeemed out of the moneys assessed and collected for said improvement of Gardner and Durham streets.

Previso.

Repealer.

2. And be it enacted, That all acts or parts of acts inconsistent herewith, be and the same are hereby repealed,

and this act shall be a public act, and take effect immedi

A Supplement to "An Act to incorporate the Jersey City Omnibus Company," approved March thirty-first, one thousand eight hundred and seventy-one.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That section one of the act to Amendment. which this is a supplement be and the same is hereby amended and extended so as to permit said company to use such other streets, roads and avenues in said city, and in the county of Hudson, as they may require for the purposes of the business authorized by the act to which this is a supplement.

commissioner.

2. And be it enacted, That James F. Fielder be an addi- Additional tional commissioner to those named in section two of the act to which this is a supplement.

3. And be it enacted, That all acts and parts of acts in- Repealer. consistent herewith be and the same are hereby repealed, and that this act shall take effect immediately.

Approved March 21, 1872.