Equitable Gas Light Company;" and by the said name the said corporation shall have power and authority to manufacture, make and sell gas, to be made of bituminous coal or other materials, for the purpose of lighting the streets, buildings, manufactories, and other places situated in Jersey City, City of Hudson, Town of Bergen, and vicinity. pipes. 2. And be it enacted, That the said corporation shall be Where to lay empowered to lay down their gas pipes, and to erect gas posts, burners and reflectors in the streets, alleys, lanes, avenues and public grounds of Jersey City, city of Hudson, town of Bergen and vicinity, and to do all things necessary to light the said cities and vicinity, and the dwellings, stores, and other places situated therein, with gas; provided, that Proviso. the public travel shall at no time be affected or impeded by the laying of the said pipes or the erection of the said posts; and the streets, side and cross walks, public grounds, lanes and avenues shall not be injured, but shall be left in as good and perfect condition as before the laying of the said pipes or the erection of the said posts. ers and stock. 3. And be it enacted, That Henry F. Cox, John H. Lyon commissionand William R. Janeway are hereby appointed commissioners capital for receiving subscriptions for the sum of sixty thousand dollars, as part of the capital stock of said corporation, in shares of twenty dollars each, and the said commissioners, or a majority of them, shall open books for that purpose, at such time and in such place or places, within this state, as they shall designate by a public advertisement, to be previously inserted, for at least three weeks, in a newspaper printed in Jersey City, and shall continue the same open until the said capital stock of sixty thousand dollars shall be subscribed, or at their discretion close the same after they shall have remained open two days, and again open the same at some other time or times, place or places, giving public notice thereof as aforesaid; and the sum of five per centum upon each share so subscribed shall be paid by each subscriber, at the time of the subscription, to the said commissioners, or a majority of them; and each subscriber shall be entitled to receive a certificate for such stock from said commissioners; and the amount so received by the said commissioners at the time of subscription, shall by them, or a majority of them, be paid over to the directors of the said company, to be appointed as hereinafter directed; and all the powers of the said commissioners shall cease and determine on the appointment of such board of directors; and the said board, when Election of directors. Corporation not to be dis ure to elect. so appointed, shall have power, and they are hereby authorized, from time to time, under the foregoing regulations, to open the books for the further subscription of stock, until the whole stock subscribed amounts to the sum of five hundred thousand dollars, and are also authorized to call upon the said subscribers for the payment of further installments in such sum or sums, at such time or times, and under such forfeiture or forfeitures as they may deem expedient, until the whole amount of said shares so subscribed shall have been fully paid. 4. And be it enacted, That the management of the concerns of the said company shall be vested in nine directors, to be selected from the stockholders, three of whom shall be residents of Hudson county, and the said directors shall choose, by plurality of votes, a president from among themselves; and, as soon as conveniently may be, after thirty thousand dollars shall have been subscribed, the before named commissioners, or a majority of them, shall convene the said stockholders by public notice, to be given as aforesaid, and at such time and place as they shall designate in said notice, to choose the first board of directors, who shall hold their offices until the third Monday in May, eighteen hundred and sixty-four; and the said directors and president shall hold their offices from the third Monday of May in every year, for one year, and shall be elected on the third Monday in May in each year, at such time and place as a majority of the directors shall appoint; and public notice shall be given of the time and place of holding such election, for ten days, in a newspaper published in Jersey City, and any vacancy in the said board of directors may be supplied by appointments, to be made by the board of directors, until the next election; and all elections shall be by ballot of the stockholders or their proxies, allowing one vote for each share which they shall hold, or shall have held in his or their name or names, at least fourteen days before the time of voting. 5. And be it enacted, That if at any time an election is not solved for fail- held on the day herein appointed, the corporation shall not be dissolved for that cause, but an election shall be held in such manner as is directed by the by-laws at any time within one year. Quorum. 6. And be it enacted, That the directors for the time being shall form a board, and they or a majority of them shall be a quorum for transacting business. ferable. 7. And be it enacted, That the stock of the corporation Stock transshall be transferable according to the by-laws and regulations. of the corporation, and shall be considered personal property, and the stock and transfer books shall be opened at all times to the inspection of the stockholders. juring works. 8. And be it enacted, That if any person or persons shall Penalty for inwilfully do, or cause to be done, any act or acts whatsoever, with intent thereby to injure any conduit, pipe, cock, machine or structure whatever, or anything appertaining to the works of the said corporation, or whereby the same may be stopped, obstructed or injured, the person or persons so offending shall be considered guilty of a misdemeanor, and being thereof convicted shall be punished by fine, not exceeding three hundred dollars, or imprisonment at hard labor, not exceeding two years, or both; provided, such criminal Proviso. prosecution shall not in any way impair the right of action for damages by a civil suit, hereby authorized to be brought for any such injury as aforesaid by and in the name of the said corporation, in any court of the state having cognizance of the same. 9. And be it enacted, That the said company shall provide and furnish to any person, corporation or companies, body politic, the gas by them manufactured, who are willing to comply with the by-laws of the said company, and that said company shall not refuse to furnish such gas to any person, corporation or company as aforesaid desirous of consuming the same, on account of the non-payment of any sum or sums of money due to them for gas from any person or persons, corporation or company, body or bodies politic, who shall have formerly occupied the premises, or any part thereof, upon which such gas shall be required. kept. 10. And be it enacted, That the said company shall cause Books to be to be kept at their office proper books of accounts, in which shall be fairly and truly entered all the transactions of the company, which books shall at all times be open to the inspection of the stockholders. 11. And be it enacted, That the said corporation shall Limitation. possess the general powers and be subject to the restrictions and liabilities contained in the act entitled "An act concerning corporations," approved the fourteenth day of February, eighteen hundred and forty-six, so far as the same are applicable, and shall continue in force thirty years. Approved March 6, 1863. Preamble. May charge $2.35 per week for indigent patients. Repealer. CHAPTER XCIV. A further supplement to the act entitled "An act to provide for the organization of the State Lunatic Asylum, and for the care and maintenance of the insane." WHEREAS, it appears by the report of the Managers of the 2. And be it enacted, That the first section of the act entitled "A further supplement to the act approved February twenty-third, eighteen hundred and forty-seven, and entitled 'an act to provide for the organization of the State Lunatic Asylum, and for the care and maintenance of the same,' approved March first, eighteen hundred and forty-nine, be and the same is hereby repealed. 3. And be it enacted, That this act shall take effect immediately. Approved March 6, 1863. CHAPTER XCV. A further supplement to the act entitled "An act to incorporate the city of Trenton," passed the seventh day of March, eighteen hundred and thirty-seven. money. 1. BE IT ENACTED by the Senate and General Assembly of May borrow the State of New Jersey, That it shall be lawful for the common council of the city of Trenton to borrow, on the credit of the said city, the sum of twelve thousand dollars, for the purpose of paying off the present floating debt of said city. bonds and by taxation. 2. And be it enacted, That to secure the payment of said May issue loans the common council are hereby authorized to issue the raise money bonds of the city for the amount of said loans, bearing interest at the rate of six per cent. per annum, payable semiannually, and which shall be exempt from any tax hereafter levied or assessed by order of said common council, and the principal of which said bonds shall be paid in twelve years from the date thereof; and to provide for such payment the common council are hereby authorized and directed to levy and collect annually by taxation the sum of seventeen hundred and twenty dollars, in addition to the sum which may now be lawfully levied and collected within said city, out of which sum the aforesaid interest shall first be paid, and the surplus shall be paid over to "the commissioners of the sinking fund," to be applied as a sinking fund for the purchase of said bonds at par, or for the payment thereof at maturity. 3. And be it enacted, That it may and shall be lawful for Additional the common council of said city to order and cause to be assessed and raised by tax, from year to year, over and above the rate of seventy cents to the hundred dollars, on the real and personal estate in said city, the additional amount of State tax apportioned to the said city of Trenton, to be levied and raised in said city and paid over to the county collector, for the State of New Jersey; and which said State tax shall be assessed and collected in the same manner as the other taxes raised in said city. taxation. sessors. 4. And be it enacted, That it may and shall be lawful for Duty of asthe assessors of the several wards of the said city to adopt the valuation of the real estate in said city, as made pursuant |