CHAPTER CCCLXXXVII. An Act to incorporate the Telford Pavement Company of 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John Beaumont, Harmon Hock- Corporators. enbery, Joseph R. Baldwin, Albert A. Van Voorhies and Charles Hemingway, and such other persons as may become associated with them, and their successors, are hereby created a body politic and corporate, in fact and in law, under and by the name of "The Telford Pavement Company of Pater. Name. son," and by that name shall be capable of purchasing, acquiring, holding, using, conveying and disposing of all such real and personal estate as may be necessary for carrying out the objects of the incorporation, or which may be tranferred to them for the payment of any debt; and that their principal office shall be located at the city of Paterson, in the county of Passaic. company. 2. And be it enacted, That said company shall be autho Business o rized to carry on the business of grading and draining lands, and of sewering, curbing and flagging streets and roads, and of paving or macadamizing streets and roads with stone, concrete and other materials; to enter into and make contracts for such grading, draining, sewering, curbing, flagging, paving and macadamizing; to manufacture, purchase and lay patent and other pavements; to buy, use or sell patents or patent rights for any process or processes connected therewith; and to transact all business in relation thereto. capital stock. 3. And be it enacted, That the capital stock of said com- Amount of pany shall be one hundred thousand dollars, with the privilege" of increasing the same to two hundred thousand dollars, divided into shares of one hundred dollars each, which stock shall be personal property, and shall be transferable only upon the books of the company, in accordance with its bylaws; and that said company may organize for the transaction of business as soon as ten thousand dollars of said stock shall have been subscribed and paid in. 4. And be it enacted, That the affairs of said company Directors to manage affairs. Vacancies, how filled. May receive property in lien of cash shall be conducted by not less than three nor more than five directors, who shall be stockholders, and of whom a majority shall constitute a quorum; that the first board of directors shall be elected by the stockholders, and by a plurality of votes, as soon as may be after the said sum of ten thousand dollars of capital stock shall have been paid in, and afterwards, on the second Monday in January in each year, in accordance with the by-laws; but that said corporation shall not abate because of any failure to elect such directors as aforesaid; and that any vacancy may be filled by the remainder of the board for the unexpired term. 5. And be it enacted, That the said directors shall have power to take in behalf of the company, any property suitable subscriptions. for the purposes of said company, at a valuation to be agreed upon, and in lieu of cash subscriptions; and also to open books of subscription, from time to time, until the whole capital stock shall be taken, and to require payment of all subscriptions to said capital stock, by installments, and under such forfeiture or forfeitures as they may deem expedient. May make by- 6. And be it enacted, That the said directors may pass, alter and repeal ali such by-laws, and may appoint and remove all such officers or agents as they may think proper or necessary for carrying out the objects of the incorporation; provided, that such by laws shall not conflict with any law or laws of this state. laws Proviso Dividends. Lim'tation: 7. And be it enacted, That the said directors shall likewise have power to declare and pay dividends out of and from the earnings or profits of said business. 8. And be it enacted, That this law shall continue in force for thirty years from the time of its passage, and shall take effect immediately. Approved March 26, 1872. CHAPTER CCCLXXXIX. A Further Supplement to an act entitled "An Act to charter the Passaic Valley and Peapack Railroad Company,' approved March twenty-ninth, eighteen hundred and sixty five. struct, hold of telegraph, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the New Jersey West Line Power to conRailroad Company are hereby authorized and empowered to and use a line construct, or purchase and hold, use and maintain and oper- &c. ate a line of electric telegraph, with the appurtenances over and along the line of their railroad or railroads, and thence to where they can make a connection or connections with a telegraph line now built or hereafter to be built, and to take and receive compensation for the transmission of messages; and that any person who shall unlawfully and intentionally injure, molest or destroy any of the lines, posts, conductors, Penalty for buildings or other property belonging to the said company works. within this state, shall on conviction thereof be deemed guilty of a misdemeanor, and be punished by a fine not exceeding five hundred dollars, or imprisoned within the county jail not exceeding one year, or both, at the discretion of the court before which the conviction shall be had. 2. And be it enacted, That so much of the fourth section Repealer. of an act entitled "A Supplement to an act entitled 'An Act to charter the Passaic Valley and Peapack Railroad Company,' approved March twenty-ninth, eighteen hundred and sixty five, which act was approved February twentyninth, eighteen hundred and seventy-two, as requires the bridges in said fourth section mentioned, to be constructed on suitable stone piers, not less than one hundred and fifty feet from centre to centre, and said piers to be not less than ten feet above high water mark; and also the proviso at the end of said fourth section, relating to the crossing of streets or avenues in Newark or Jersey City be, and the same are hereby repealed; except so far as said proviso relates to crossing the streets known as Broad street, Frelinghuysen avenue and Pennsylvania avenue, in the city of Newark, with Where road crosses any street the same to be done under direction of council.. Proviso.. the main line of said company; and where said road shall cross any street or avenue in the city of Newark on level or grade of said street or avenue, the same shall be done under the supervision or direction of the common council of said city; but nothing herein or in said proviso contained shall prevent said company from connecting their line with the line of the New Jersey Railroad and Transportation Company at grade; provided however, that if the said railroad shall cross the Passaic river, the bridge across said river shall be constructed with iron or stone piers for the draw, and for two permanent spans each one hundred feet wide in the clear, one on each side of the draw, the abutments of the draw to be ten feet above high water mark, and the piers parallel with the current; and if said railroad shall cross Newark bay then a like draw and openings shall be constructed at the west channel in said bay; and if the said road shall cross the Hackensack river, the bridge across said river shall be made with draw and openings of no less width than the draw and openings of all or either of the other railroad bridges across said river; and if the said road shall cross Newark bay, the bridge across said bay shall contain for the east channel the same width of draw and openings as used and required to be used by the Newark and New York Railroad across said Newark bay, and shall in all cases be so constructed and placed that it will in nowise interfere with or obstruct the channel; and if the said railroad company shall make an open cut through Bergen Hill, the said company shall be and hereby are required to construct and maintain suitable bridges across said open cut for all streets now made or that may hereafter be made; and if the said road shall cross Montgomery street in Jersey City, it shall cross said street at such heighth above said street as shall not interfere with the free and unobstructed use of said street. 3. And be it enacted, That this act shall take effect immediately. Approved March 27, 1872. CHAPTER CCCXCIII. A Further Supplement to "An Act to incorporate the city of Bridgeton," approved March twenty-ninth, eighteen hundred and sixty-four. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the fifth section of the act to Terms of office which this is a supplement be so amended that the terms of office of the city treasurer and the school superintendent, respectively, hereafter to be elected, shall be three years instead of one year. 2. And be it enacted, That all acts or parts of acts in con- Repealer. flict with the provisions of this act, be and the same are here by repealed. 3. And be it enacted, That this act shall be deemed a public act, and shall take effect immediately. Approved March 27, 1872. CHAPTER CCCXCIV. An Act to confirm the proofs and acknowledgments of deeds and other writings taken by M. L. Keefe, late a commissioner of deeds, in and for the county of Morris. WHEREAS, it is represented that Michael L. Keefe was ap Preamble. pointed a commissioner for the township of Boonton, in the county of Morris, of this state, to take the acknowledgment and proof of deeds for the said county; and whereas, at the time of his appointment or thereafter, Michael L. Keefe did not reside in the township of Boonton; and whereas, he, while not a resident of said township, and under a misapprehension of the law, did perform official |