1 Engines, &c., May contract Penalty for injuring works. Statement to Proviso. shall declare and make such dividends as they may deem prudent and proper, from time to time, out of the net profits of the said railroad. 14. And be it enacted, That the directors of said company shall have power to have constructed, or to purchase with the funds of the company, all machines, engines, wagons, carriages, or other vehicles, for the transportation of persons or any species of property on the railroads, as they may think fit, reasonable, expedient or right. 15. And be it enacted, That it shall be lawful for the said company, at any time during the continuance of its charter, to make contracts and engagements with any other corporation, or with individuals, for transporting or conveying any kinds of goods, produce, merchandise, freight or passengers, and to enforce the fulfillment of such contracts. 16. Aud be it enacted, That if any person shall wilfully impair, injure, destroy or obstruct the use of any railroads enjoyed under the provisions of this act, or of any of their necessary works, wharves, bridges, carriages or machines, such person or persons so offending shall forfeit and pay to the said company the sum of fifty dollars, to be by them recovered in any court having competent jurisdiction, in an action of debt; and further, shall be liable for all damages. 17. And be it euacted, That when five miles or more of said road shall be completed, the said company may commence running cars, for the transportation of passengers and freight, enjoying all the privileges and subject to the restrictions created by this act. 18. And be it enacted, That as soon as the railroad, with its appendages, shall be finished so as to be used, the president and treasurer of said company shall file, under oath or affirmation, a statement of the amount of the costs of said road, including all expenses, and the amount of all purchases made by virtue of this act, in the office of the secretary of this state, and annually thereafter the president and treasurer of the said company shall, under oath or affirmation, make a statement to the legislature of this state of the proceeds of said road, and as soon as the said company shall declare among their stockholders dividends, the said corporation shall pay to the treasurer of this state a tax of one-half of one per centum on the cost of said road, to be paid annually thereafter on the first Monday in January in each year; provided, that no other tax or impost shall be levied or assessed upon the said company. money. 19. And be it enacted, That the said corporation shall have May borrow power to borrow such sum or sums of money, from time to time, as shall be necessary to build, construct or repair said road, and furnish the said corporation with all the necessary engines and machinery for the uses and objects of said company, and to secure the payment thereof by bond or mortgage or otherwise, on the said road, lands, privileges, franchises and appurtenances of or belonging to said corporation, at a rate of interest not exceeding seven per centum per annum; provided, that it shall not be lawful for the said Proviso. company to plead any statute or statutes of this state against usury, in any suit in law or equity, instituted to enforce the payment of any bond or mortgage executed under this section. commenced 20. And be it enacted, That if the said railroad shall not when to be be commenced within five years, and be completed at the and finished. expiration of ten years from the fourth of July next ensuing, that then and in that case this act shall be void. tree. 21. And be it enacted, That the governor, the chancellor, Who to pass the justices of the supreme court, and the judges of the court of errors of this state, the state superintendent of public schools, and the principal of the normal school, while travelling for the purpose of discharging the duties of their offices, and the members and officers of both houses of the legislature of this state, during their annual or other sessions, shall pass and repass on the railroad of said company in their cars free of charge. effect. 22. And be it enacted, That this act shall take effect as When to take soon as the board of directors of the Millville and Glassboro Railroad Company shall signify their acceptance of this act, under the hands of the president and secretary, and the corporate seal of the said company, and file the same in the office of the secretary of state of this state. Approved March 9, 1863. Pay of certain officers. Repealer. CHAPTER CXXIII. A supplement to the act entitled "An act to fix the salaries of the officers of the Senate and General Assembly of the State of New Jersey," approved February twenty-fifth, eighteen hundred and sixty-one. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That there shall be paid to the assistant secretary of the senate and to the assistant clerk of the house of assembly, an annual salary of six hundred dollars each, and to the engrossing clerk of the senate eight hundred dollars, and the engrossing clerk of the house of assembly nine hundred dollars, and no other compensation whatever 2. And be it enacted, That the second section of the act to which this is a supplement, be and the same is hereby repealed, and that this act shall take effect immediately. Approved March 11, 1863. May increase CHAPTER CXXIV. A further supplement to an act entitled "An act to incorporate the Somerville and Easton Railroad Company," passed February the twenty-sixth, eighteen hundred and forty seven. 1. BE IT ENACTED by the Senate and General Assembly of capital stock. the State of New Jersey, That the Central Railroad Company of New Jersey may, from time to time, with the assent of a majority in interest of the stockholders of said company, increase their capital stock to any sum not exceeding three millions of dollars, in addition to the present authorized amount of capital. 2. And be it enacted, That this act shall take effect immediately. Approved March 11, 1863. CHAPTER CXXV. A supplement to the act entitled "An act to recognize and authorize the organization of and to incorporate the Central American Transit Company," approved March twentyeighth, eighteen hundred and sixty-two. rectors in 1. BE IT ENACTED by the Senate and General Assembly of Number of dithe State of New Jersey, That there shall be nine directors creased. of the Central American Transit Company; and a majority of the present six directors shall choose the three additional directors, whose term of office shall continue until the next election held by the stockholders, when, and at subsequent elections, nine directors shall be elected, and any vacancy that may occur among the directors may be filled by the remaining directors; and that part of the fifth section of the act to which this is a supplement, which limits the number of directors to six, is hereby altered and amended so that the number of directors shall be nine, and this act shall take effect immediately. Approved March 11, 1863. CHAPTER CXXVI. A supplement to the act entitled "An act relative to taxes due from incorporated companies in this state," approved March thirteenth, eighteen hundred and sixty-two. apply. 1. BE IT ENACTED by the Senate and General Assembly of Provisions of the State of New Jersey, That the provisions of the act to act, where to which this is a supplement shall apply to all incorporated companies, whether in this state or not. 2. And be it enacted, That this act shall take effect immediately. Approved March 11, 1863. CHAPTER CXXVII. A further supplement to an act entitled "An act for the punishment of crimes." 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That if any servant, employee or agent of any individual or incorporated company shall take or receive any money, bank bill or note, of or above the price or value of twenty dollars, belonging to his master, employer, or to the said incorporated company, with intent to defraud such master, employer or incorporated company thereof, and shall wilfully retain and appropriate to his own use the said money, bank bill or note, knowing the same to belong to his master, employer, or to the said incorporated company, every person so offending shall be deemed guilty of a misdemeanor, and on conviction shall be punished by fine not exceeding five hundred dollars, or imprisonment at hard labor not exceeding three years, or both. Approved March 11, 1863. Township may raise money by tax. CHAPTER CXXVIII. AN ACT to authorize the inhabitants of the township of Wall, in the county of Monmouth, to raise money to pay volun teers. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That it shall be lawful for the inhabitants of the township of Wall, in the county of Monmouth, to vote at their next annual town meeting, in the same manner as other taxes are raised, a sum of money not to exceed twenty-five hundred dollars for bounties paid to volunteers for the war, and the said taxes shall be assessed and collected at the same time and in the same manner as other taxes for state and county purposes shall be assessed and collected in said township. |