pounds, and to restrain and regulate the running at large or grazing in the streets or public places of horses, cattle, swine, or other animals, and to authorize the impounding and sale of the same for the penalty incurred, and the costs of impounding, keeping and selling the same.

14. And be it enacted, That this act shall be deemed a public act, and that it shall take effect immediately. Approved March 4, 1863.

Names of corporators.

Directors chosen.

CHAPTER LXXXI.

AN ACT to incorporate the Union Works Manufacturing Company, in the county of Passaic.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Samuel Smith, Robert Hays, Nathaniel Lane, Robert McCullough, Philip Raferty, and the survivors of them, and all such persons as may be associated with them or the said survivors, their successors and assigns, be and they are hereby appointed a body corporate and politic in name, by the name and style of "The Union Works Manufacturing Company," for the purpose of manufacturing brass, copper and iron tubing for locomotives, and for the purpose of manufacturing woollen, cotton, silk or flax machinery, or of woollen, cotton or silk goods, and the business.

incident thereto.

2. And be it enacted, That the stock, property and concerns of said corporation shall be managed and conducted by five directors, a majority of whom shall be residents of the state of New Jersey, and being stockholders, one of whom shall be president, who shall hold their office for one year, or until other directors shall be chosen; and the directors shall be chosen on the first Monday in May in each year, at such place and time as shall be directed by the by-laws of said corporation, and public notice thereof shall be given not less than ten days previously, in some newspaper published in the county of Passaic, and each stockholder shall be entitled, at such election, either in person or by proxy, to as many votes as he or she shall hold shares of the capital stock of said

corporation; and the persons having or receiving in such elections the greatest number of votes, being stockholders, shall be directors, and the persons chosen at one election. shall be capable of serving by virtue thereof until another election shall have been held; and the directors so chosen may appoint such officers and superintendents, and assign such compensation as they shall think fit, not less than a majority of the whole number of directors being present when the same shall be done, and all vacancies occurring by death, resignation or otherwise, among the directors named in this act, or those hereafter to be chosen, shall be filled by such person or persons as the remainder of the directors for the time being, or a majority of them, shall appoint for that purpose; and that the said persons named in the first section of this act, and the survivors of them, shall be the first directors of the said corporation, and shall hold their offices until the first Monday in May, Anno Domini eighteen hundred and sixty-four, or until others are chosen.

$100,000.

3. And be it enacted, That the capital stock of said corpo- Capital stock ration shall not exceed the sum of one hundred thousand dollars, which shall be divided into shares of one hundred dollars each; but as soon as fifteen thousand dollars shall have been subscribed and paid, or satisfactorily secured to be paid, it shall be lawful for said corporation to commence their said business, or any part of it, and with that capital to conduct. and carry it on until they shall deem it expedient to extend the same; and it shall be lawful for the directors of said corporation, or a majority of them, from time to time, to call for and demand from the stockholders all such sums of money by them subscribed, at such times and for such sums as they shall deem proper, under pain of forfeiting the shares of said stockholders and all previous payments thereon, if such payments shall not be made within thirty days after the day fixed for that purpose, by notice previously published for thirty days in one or more newspapers published in said county of Passaic, designating the amount of such payment per share at the time and place when and where, and the person to whom the same shall be required to be made.

books to be opened.

4. And be it enacted, That the subscription books to the Subscription said stock shall be opened until a sum required by law in this incorporation to commence its business shall have been subscribed, under the direction of the board of directors, or some one or more of them, as may be designated by said board for that purpose, and at such time and place as said board may designate.

Property personal estate.

Quorum.

Books of account to be kept.

How corpora

5. And be it enacted, That the stock property of said corporation, of whatsoever kind, shall be deemed personal estate, and transferable in such manner as shall be prescribed by the by-laws of said corporation; provided, that no dividend shall be made to and among the stockholders of said corporation, except from out of the net actual profits of said corporation. 6. And be it enacted, That a majority of the directors, for the time being, shall form a board for the transacting of the business of said corporation, and shall have power to make such laws and regulations as they shall deem expedient for the government, management and disposition of the stocks, effects, profits and concerns of said corporation; provided, that the same are not contrary to the constitution and laws of the United States or of this state.

7. And be it enacted, That the directors shall at all times keep, or cause to be kept, proper books of account, in which shall be regularly entered all the transactions and business of said corporation; and further, that no transfer of stock shall be valid and effectual until such transfer be entered in the book or books kept by the president and directors of said corporation for that purpose.

8. And be it enacted, That the said corporation may be tion dissolved. dissolved at any time, by any general meeting of the stockholders specially summoned for that purpose by the president of said corporation, by the direction of the board of directors, or a majority of them; provided, at least three-fourths in value of the stockholders shall be present or represented therein, and upon such dissolution the directors for the time being, or the survivors or survivor of them, shall be the trustees for settling all the affairs of said corporation, and dividing the surplus among the stockholders in proportion to their respective interest therein, unless the stockholders at such meeting shall appoint one or more persons for such purpose, in which case the person so appointed shall be trustee for the purpose aforesaid.

Act continue

years.

9. And be it enacted, That this act, unless the corporation in force thirty shall be dissolved as above provided for, shall continue in force for the space of thirty years; provided, that the legislature reserves the right to alter or amend this act whenever the public good may require it.

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

Approved March 4, 1863.

CHAPTER LXXXII.

AN ACT to revise and amend the charter of the City of Eliza

beth.

TITLE FIRST.

OF THE BOUNDARIES AND CIVIL DIVISIONS OF THE CITY.

Elizabeth."

1. BE IT ENACTED by the Senate and General Assembly of Name. the State of New Jersey, That all that district of country in the county of Union contained within the boundary lines of the city of Elizabeth, as now established by law, shall continue to be a city by the name of the city of Elizabeth, and all the inhabitants of this state within the limits aforesaid shall continue forever hereafter to be a body corporate and politic, in fact and in name, by the name of "The City of The city of Elizabeth," and by that name they and their successors forever shall and may have perpetual succession, and shall 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 and places whatsoever, in all manner of actions, suits, complaints, matters and causes whatsoever, and that they and their successors may have a common seal, and alter the same at their pleasure; and also by their corporate name aforesaid, shall be in law capable of purchasing, holding and conveying any estate, real or personal, for the public use of the said corporation, and that the said "The City of Elizabeth" and their successors shall, by virtue of this act, become and be absolutely and completely vested with, possess and enjoy all the lands, tenements, hereditaments, property, rights, causes of action and estate whatsoever, both in law and equity, in possession, reversion or remainder, which at the time of the passage of the charter of the city of Elizabeth, were vested in or belonging to the inhabitants of the township of Elizabeth in their corporate capacity as then incorporated by the name of "The inhabitants of the township of Elizabeth in the county of Essex,' cording to such estate and interest as the said "The inhabitants of the township of Elizabeth, in the county of Essex,' at the time of the passage of the charter of the city of

Three wards.

Mayor, duties and compensation.

City Council.

Board of school com

Elizabeth had, or of right ought to have had, in the same, or which since that time have become vested in and belong to the said "The City of Elizabeth," in its corporate capacity. 2. And be it enacted, That the said city of Elizabeth shall continue to be divided into three wards, as heretofore constituted by law, until the city council shall increase the number of the same; and the city council in office after this act shall take effect, and thereafter once in four years, and not oftener, shall revise, and if it shall be needful, alter said wards in such manner as may be most convenient to the inhabitants, and shall re-apportion the members among the several wards according to the principles herein prescribed, and call and make provision for the first election of officers in any new ward.

3. And be it enacted, That if any division line between. any of the said wards shall intersect any dwelling house, such dwelling house shall be considered as included in and belonging to the ward in which the largest portion thereof shall happen to lie.

TITLE SECOND.

ELECTION AND APPOINTMENT OF CITY AND WARD OFFICERS.

4. And be it enacted, That the mayor shall be the chief executive officer of the said city of Elizabeth, and shall possess the powers and privileges, and perform the duties which are hereinafter specified; he shall be elected for the term of one year, at the annual charter election in the year eighteen hundred and sixty-three, and in every year thereafter, and shall receive such annual compensation for his services, not exceeding three hundred dollars per annum, as the city council shall by ordinance appoint.

5. And be it enacted, That the city council of the city of Elizabeth shall consist of four members in and for each of the wards of said city, who shall be divided into two classes, as heretofore; and each of the wards of the said city shall, at the annual charter election, elect two persons as councilmen of said ward, who shall hold such office for the term of two years.

6. And be it enacted, That the board of commissioners of missioners. public schools of the city of Elizabeth shall consist of two commissioners of public schools in and for each of the wards of said city, who shall be divided into two classes, as hereto