paid by the county collector, and to be in lieu of all other 2. This act shall take effect immediately. Redistricting city into wards. Aldermen and freeholders. Continuance of officers. Election districts. CHAPTER 4. An Act concerning cities. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. Whenever in any city of this state, according to the last preceding state census, the population of any one ward now or hereafter existing exceeds or shall exceed the aggregate population of three other wards in such city, it shall be the duty of the board of aldermen or common council or other governing body of such city, forthwith by ordinance, to redistrict said city into wards without increasing the number thereof, making the population of each new ward as nearly equal to that of every other new ward as is practicable. 2. Each new ward so created shall be entitled to the same number of representatives in the board of aldermen, common council or other governing body of said city, and in the board of chosen freeholders of the county wherein said city is situate, to be chosen in the same manner from said new ward as such representatives were chosen in the old wards prior to such redistricting. 3. All officers elected or appointed for the then existing wards in any city which shall be so redistricted, shall continue in office representing the districts from which they were elected until their respective terms of office shall have expired, and until others are duly appointed or elected in and for such new wards to take their places, and vacancies in the representation from any ward shall be filled in the same manner as prior to such redistricting. 4. When new wards are created in any city as herein provided, it shall be the duty of the board of aldermen or common council or other governing body of such city to divide the new wards into election districts or precincts, which districts or precincts, so far as practicable, shall be so constituted as not to contain over six hundred voters. 5. All acts and parts of acts inconsistent with the provi- Repealer. sions of this act be and the same are hereby repealed, and that this act shall take effect immediately. Approved February 28, 1899. CHAPTER 5. A Supplement to an act entitled "An act for the incorporation of safe deposit and trust companies," approved April twentieth, one thousand eight hundred and eighty-five. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: capital stock. 1. Every company or association organized or incorpora- Increase of ted under the act to which this is a supplement, may increase its capital stock to any amount and in excess of the limit named in the act under which it was organized or incorporated, in the manner following: The board of directors shall pass a resolution declaring that such increase of capital stock is advisable, and calling a meeting of the stockholders to take action thereon; the meeting shall be held upon such notice as the by-laws provide, and in the absence of such provision, upon ten days' notice, given personally or by mail, if two-thirds in interest of all the stockholders having voting powers shall vote in favor of such increase of capital stock, a certificate thereof shall be signed by the president, under the corporate seal, attested by the secretary and acknowledged or proved as in case of deeds of real estate; and such certificate, together with the written assent in person or by proxy of at least two-thirds in interest of all such stockholders then having voting powers, shall be filed in the department of banking and insurance. 2. Any increase of capital stock heretofore made by any Increase company or association organized or incorporated under the validated. provisions of the act to which this is a supplement, is hereby Proviso. Evidence of increase certified. Repealer. validated and confirmed; provided, however, that a certificate of such increase of capital, signed by the president and secretary, under the corporate seal and duly acknowledged or proved as in case of deeds for real estate, together with the written assent of at least two-thirds in interest of all the stockholders having voting powers at the time of such increase of capital, shall have been filed in the department of banking and insurance. 3. The certificate of the commissioner of banking and insurance that a certificate of increase of capital stock, together with the assent of at least two-thirds in interest of all the stockholders then having voting powers, is on file in the department of banking and insurance shall be taken and accepted as evidence of such increase of capital stock in all courts and places. 4. All acts and parts of acts inconsistent with or repugnant to the provisions of this act are hereby repealed, and this act shall take effect immediately. Approved February 28, 1899. Boundaries of township. CHAPTER 6. An Act to set apart a portion of the territory of the township of Waterford, in the county of Camden, and to create a new township, to be called the township of Voorhees. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. All the portion of the territory of the township of Waterford, in the county of Camden, situate, lying and being north of a line described as follows: Beginning in the westerly side of the township of Waterford, where the first stream south of Lucaston station of the West Jersey and Sea Shore railroad flows into Gloucester township, and where the old Egg Harbor road intersects the same; thence easterly, to the north side of the property of the West Berlin Methodist Protestant Church, on the road running from Gibbsboro to Berlin; thence continuing the same course to a point in the road running from Berlin to Kresson, between the boundary lines of lands of Henry Millheizer on the north and Aaron Souders on the south; thence extending southeasterly, to the intersection of the road running from Berlin to Taunton with Burlington county, shall be and the same is set off and detached from the said township of Waterford, and shall be and the same is hereby created a separate township, to be called the township of Voorhees. 2. The inhabitants of the said township of Voorhees shall Corporate name. be and they are hereby constituted a body politic and corporate in law, and shall be styled and known by the name of "the Inhabitants of the Township of Voorhees, in the county of Camden," and they shall be entitled to all the rights, powers, authority, privileges and advantages, and be subject to the same regulations, government and liabilities, as other townships in the county of Camden are or may be entitled or subject to by the laws of this state. 3. This act shall take effect immediately. Approved March 1, 1899. CHAPTER 7. An Act to further amend an act entitled "An act to provide for the regulation and incorporation of insurance companies" [Revision], approved April ninth, one thousand eight hundred and seventy-five. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: amended. 1. Section thirty-six of an act entitled "An act to provide Section for the regulation and incorporation of insurance companies" [Revision], approved April ninth, one thousand eight hundred and seventy-five, which section was amended by chapter one hundred and ninety-eight of the laws of one thousand eight hundred and eighty-six, entitled "An act to amend an act entitled 'An act to provide for the regulation and incorporation of insurance companies' [Revision], Extension of charter. approved April ninth, one thousand eight hundred and seventy five," which amendatory act was amended by chapter two hundred and seventy-seven of the laws of one thousand eight hundred and eighty-eight, entitled "An act to amend an act entitled 'An act to amend an act entitled "An act to provide for the regulation and incorporation of insurance companies," passed April twenty-seventh, one thousand eight hundred and eight-six," be and the same is hereby amended so as to read as follows: 36. Any existing joint-stock company incorporated by this state for either of the purposes mentioned in this act may, at any time after notice being given once in each week for six weeks, in a newspaper of this state published in the county where such company is located, and if no newspaper be published in such county then in a newspaper published nearest to the same, of such intention, and with the written consent of three-fourths in amount of its stockholders, or, if a mutual company, or a mutual company whose charter has expired, with the unanimous consent of its trustees or directors, extend its original charter to the time specified by the provisions of this act, by altering or amending the same so as to accord with the provisions of this act, and filing a copy of the same so altered or amended, together with a declaration, under its corporate seal, signed by the president and directors, of their desire for such extension, and also the written consent of three-fourths in amount of its stockholders, or, if a mutual company, the unanimous consent of the trustees or directors as aforesaid, to such extension, in the office of the commissioner of banking and insurance; and upon the filing such consent, declaration and charter, the same proceedings shall be had as are required by the twenty second section of this act; and any of the mutual insurance companies chartered by the legislature of this state, or organized under the general laws of this state, may, after giving notice once in each week for six weeks, in a newspaper of this state published in the county where such company is located, change to joint-stock companies, by proceeding in accordance with and conforming their charter to the provisions of this act. 2. This act shall take effect immediately. |