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such sum as they may deem expedient, to be applied solely to the liquidation of said bonds and indebtedness, until the same shall be redeemed and paid off.

2. And be it enacted, That of the amount ordered by said Pou tax. board to be raised in any one year for the purpose herein specified, the sum of fifty cents shall be assessed upon each taxable inhabitantof said county as a poll tax, and the balance shall be assessed upon the real and personal property in said.

county.

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

Approved March 13, 1863.

CHAPTER CXXXIII.

A further supplement to an act entitled "An act constituting courts for the trial of small causes," approved April sixteenth, eighteen hundred and forty-six.

be delivered to

1. BE IT ENACTED by the Senate and General Assembly of Summons to the State of New Jersey, That in all cases in which the first defendant. process issued against any defendant shall be a summons, a copy thereof, whether required or not, shall at the time of service be delivered to the defendant or left at his or her house or place of abode, in the manner now prescribed by law, and no return shall be adjudged sufficient, unless the service be stated to have been made in accordance with the requirements of this act.

made by jus

2. And be it enacted, That said copy shall be made by the Copy to be justice and delivered to the officer on issuing the summons, and tice. for each copy the justice shall receive an additional fee of five cents.

Approved March 13, 1863.

Names of cor

porators.

Amount of capital stock.

CHAPTER CXXXIV.

AN ACT to incorporate "The Fibre Disintegrating Company."

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Howard Potter, Edward Jones, John Van Nest, Robert W. Russell, Horatio Allen, Azel S. Lyman, Edward M. Archibald, George F. Allen, Francis W. G. Bellows and Charles Lamson, and such other persons as may hereafter be or become stockholders in the manner hereinafter provided for, shall be and are hereby ordained, constituted and declared to be a corporation and body corporate and politic, in fact and in name, by the name of " The Fibre Disintegrating Company," and shall possess the general powers, and be subject to the general restrictions and liabilities. set forth in "An act concerning corporations," approved on the fourteenth day of February, eighteen hundred and fortysix, and any amendments thereof, so far as the same are or may be applicable.

2. And be it enacted, That the capital stock of said company shall be five hundred thousand dollars, with liberty to increase the same, from time to time, which capital stock shall be divided into shares of one hundred dollars each, which shall be deemed personal property, and be transferable in such manner as the said corporation shall by their by-laws direct; four thousand eight hundred and forty-five shares of the said capital stock of five hundred thousand dollars shall represent the following property, that is to say, the machinery, apparatus, patent rights and other property owned by the company called "The Fibre Disintegrating Company," incorporated under the laws of the state of New York; four thousand eight hundred and forty-five shares of the said capital stock, amounting to four hundred and eighty-four thousand five hundred dollars, shall be issued to the persons named in the first section of this act and the other stockholders in the last mentioned company, upon the surrender by them of their certifi cates of paid up shares of stock of the said company to the like amount, and they shall thereupon be and become stockholders in the company incorporated by this act, and their said stock so to be issued as aforesaid under this act shall be

deemed and considered to be paid up stock; but this act shall not take effect unless the whole of the stock now owned by the said stockholders shall be exchanged as aforesaid for the stock to be issued under this charter; and the balance of the said capital stock of five hundred thousand dollars remaining unissued, that is to say, one hundred and fifty-five shares thereof, shall be open to subscription at par, for cash, payable by installments, as and when the board of directors shall by their by-laws direct, which may also provide for the forfeiture of shares for the non-payment of the arrears due thereon.

3. And be it enacted, That the said company shall have objects. power to carry on their business of disintegrating fibrous materials of vegetable growth, and preparing the same for textile fabrics and paper stock, and manufacturing card-board, binders-board, paper and papier-mache, in this state and elsewhere.

rectors.

4. And be it enacted, That the persons named in the first Eleation of di section of this act shall be the directors of the said company until others are elected, and that they may hold their first meeting upon the call of any three or more of them; the directors shall hereafter be chosen by the stockholders, at such times as the by-laws may prescribe; at all meetings of the stockholders each stockholder shall be entitled to one vote on each share of stock belonging to him, which vote may be given. in person or by proxy, in writing; the directors may choose out of their own number a president, vice president, and an executive committee, in such manner as may be prescribed by the by-laws; the company may by their said by-laws, to be enacted and prescribed from time to time by the board of directors, make rules and regulations for the management of the affairs and business of the company, the issue and transfer of stock, the evidences of ownership thereof, the payments of dividends, the number of directors and the increase of the capital stock, and may by such by-laws define the powers and duties of the board of directors, the president, vice president, executive committee, treasurer, secretary and other officers of the company, and provide for their removal at the pleasure of the board, and also for the filling of any vacancy or vacancies caused by such removal, or by the death, resignation or inability to act of any or either of the said officers, or by the death or resignation of any or either of the directors, and may prescribe the mode of convening meetings of the stockholders and directors, and make rules for the conduct and management of the proceedings at such meetings, the regula

Corporation

not to be dis

ure to elect.

tion of the elections, the verification of proxies, the inspection of the votes and the recording of all the proceedings.

5. And be it enacted, That in case it shall at any time solved for tall-happen that an election of directors shall not be made at the time when, pursuant to this act, it ought to be made, the said corporation shall not for that cause be deemed to be dissolved, but such election may be held at any other time, and the directors for the time being shall continue to hold their offices until new ones shall have been chosen in their places.

Quorum.

Proviso.

Proviso.

6. And be it enacted, That a majority of the directors of the said company shall constitute a quorum for transacting business; the meetings of the stockholders and board of directors may be held as well out of as within this state, at such times and places as may be provided by the said by-laws from time to time; and the principal office and the books of the company shall be kept at such place within or without this state as the directors may from time to time select; provided always, that the said company shall always have and maintan in this state an office where process may be served on the said company; and provided, that they shall have their principal factory at Elizabethport, in Union county.

7. And be it enacted, That this act shall take effect immediately, and that the legislature may at any time alter, amend or repeal the same.

Approved March 13, 1863.

Commission

ers.

CHAPTER CXXXV.

AN ACT to incorporate the Englishtown and Millstone Turnpike Company.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the subscription books of the capital stock of the Englishtown and Millstone Turnpike Company shall be opened by Nathaniel W. Morris, Elias Clayton, Anthony Wilson, John Vandorn, Josiah Woodward, William Herbert, Harvey S. Cope, Jacob Keeler, Samuel C. Browne, or a majority of them, who are hereby appointed commissioners to receive subscriptions to the said stock, at such times and places as they, or a majority of them, may direct,

giving notice at least twenty days prior to the opening of said books, by publishing the same in at least one of the newspapers published in this state.

2. And be it enacted, That the capital stock of said com- Capital stock. pany shall be ten thousand dollars, with liberty for the said company to increase the same to fifteen thousand dollars, and shall be divided into shares of twenty-five dollars each; and that when one hundred or more shares shall be subscribed for, the persons holding the same shall be and they are hereby incorporated into a company, by the name of the "Englishtown and Millstone Turnpike Company," and by that name shall have, enjoy and exercise all the rights, powers and privileges appertaining to corporate bodies and necessary to carry the objects of this act into effect.

ments called

3. And be it enacted, That at the time of subscribing for How installsaid stock, two dollars shall be paid upon each share sub- and paid. scribed, to the said commissioners, or any of them, which money shall be paid over to the treasurer of the company, as soon as one shall be appointed, and the residue of the subscription shall be paid in installments, at such times and places and to such persons as the president and directors of the company shall, from time to time, direct, and give public notice thereof in the manner aforesaid; and upon failure of the payment thereof, as so directed, the said president and directors shall have power to forfeit the shares of each and every person so failing to pay the said installments, or any of them, to and for the use of said company; provided, that if the number of Proviso. shares subscribed for shall exceed the number of shares authorized by this act, that the said commissioners shall apportion the said stock among such subscribers in proportion to the amount or number of shares by them subscribed for as aforesaid; provided also, that no subscription for less than Proviso. four shares of said stock shall be reduced by such apportionment; provided also, that the stockholders shall, upon request, Proviso. have the right to pay the stock subscribed, except the first installment, by work upon said road, they doing the work as cheaply as it otherwise can be done, under such regulations, at such time, and upon such notice by either party, as the directors may determine.

rectors.

4. And be it enacted, That if the number of shares herein- Election of dibefore made necessary for the incorporation of the said company be not subscribed for within three years from the time of opening said books, this act and all the subscriptions under it shall be null and void; and the said commissioners, after

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