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AT A SESSION BEGUN AT TRENTON ON THE TWENTY-SIXTH DAY OF OCTOBER,
EIGHTEEN HUNDRED AND FORTY-ONE.
Being the First Sitting.
PRINTED BY S. L. B. BALDWIN.
STATE OF NEW-JERSEY.
AN ACT to provide for the assessment and collection of taxes in the township of Newton, in the county of Sussex, for the year A. D. eighteen hundred and forty-one.
WHEREAS John Brodrick, the present assessor of the township of Newton, in the county of Sussex, by reason of iH-bealth, Preamble. has omitted to make an assessment and duplicate of the taxes of said township for the present year--Therefore,
Sec. 1. BE IT ENACTED by the Council and General Assembly of this State, and it is hereby enacted by the authority of the same, That the township clerk of the said township of Newton, immediately after the passage of this act, shall convene together the township committee at the place of holding their last township meeting, by giving five days notice to each, and that the said committee shall meet at the place and time appointed in such notice, and a majority of them when met, are Township hereby authorized and directed to appoint, under their hands, Committee to appoint some fit person of the said township assessor for the said town- Assessor. ship, in the stead of the present assessor; and the said committee shall cause the certificate of their appointment to be delivered immediately thereafter to the person so appointed, and shall transmit a copy of said certificate to the clerk of the court of common pleas of said county, to be by him filed in his office.
insure, in, or with the said company, shall be deemed and Affairs of in-taken as members of the said corporation, and that the property corporation to and concerns of the said corporation shall be conducted and be managed managed by nine directors, all of whom shall be citizens of by nine directhis State and shall not hold a like office or agency in any other insurance company, to be chosen by ballot, and from among the members, to hold their office for one year and until others are chosen, and that the election for directors shall be held, on Time & mode of the annual the first Monday in January in every year, at the office of the election of di-company, or such other place as a majority of the directors may previously designate, public notice of which shall be given by the Secretary, in one or more newspapers, printed in the county, at least two weeks previous to the time of holding said election, and if any of the said Directors shall die, refuse to serve, or neglect to act, in their said office, for the space of six months successively, then, and in every such case, the remaining Directors shall have power to fill such vacancy or vacancies until the time of the next annual election, and in case it should so happen that an election of Directors should not be held on the day, when pursuant to this act, it ought to have been held, the said corporation shall not for that cause be dissolved, but it shall and may be lawful on any other day to hold an election for directors, and until an election for directors shall be held according to the provisions of this section, the following persons shall be directors, namely: Isaac Dennis, Harvey Hallock, First directors Jacob Armstrong, Archibald Ayres, John Schmuck, Peter B. Shafer, Abraham Wildrick, Israel Swayze, and William Ļan
Sec. 3. And be it enacted, That it shall and may be lawful for the said corporation to insure their respective dwellinghouses, stores, shops, mills and other buildings, together with household furniture, merchandise and all other personal property against loss or damage by fire.
Sec. 4. And be it enacted, That the Directors, for the time being, or a majority of them, shall have power to make such by-laws, rules and regulations as to them shall appear needful Powers of di- and proper for the management and disposition of the stock,
property, estate and effects of the said corporation and for all
Sec. 5. And be it enacted, That at the first meeting of the
Officers to te
year, the directors shall choose from among themselves one person for President, who shall continue in office for one year, appointed by and until another shall be appointed in his place. They shall directors. also elect a Treasurer, and require him to give bond to the company, for the faithful performance of his duty, for such sum as to them shall appear sufficient and satisfactory.
Sec. 6. And be it enacted, That all policies of insurance which shall be made by the said corporation in pursuance of this act, shall be made on such terms and conditions, and for such periods of time, and confined to such places, as shall be from time to time ordered and prescribed by the by-laws, rules, When funds and regulations of said corporation; and if at any time it shall of company so happen that there shall be just claims on the corporation for are insuffi. cient to pay losses sustained to a greater amount than they have funds or losses, an asstock to discharge, in such cases the directors for the time being, sessment to shall with all convenient expedition, proceed to assess such de- be made on ficiency, in a ratable proportion on the members of the associ. members. ation, or their representatives, according to the amount of each member's insurance; which rates or assessment when approved of by a majority of the whole number of directors, and notice in writing be given to each member, or his or her lawful representative, and each member or his or her representative, so notified, shall pay the same to the Treasurer for the time being, within sixty days after such notification, and in default thereof shall forfeit all right and claim to any policy that may have been obtained and be no longer a member of the association; and shall also, be liable to a recovery of the amount of such assessment by action of debt with cost of suit before any court of competent jurisdiction.
Sec. 7. And be it enacted, That any one or more of the Directors to Directors, after the passage of this act shall have power to call call meetings. a meeting of all the directors named herein, by giving notice
in one or more of the newspapers printed in the county at least
ten days before said meeting.
Sec. 8. And be it enacted, That no part of the funds of the Not to engage company shall be used for banking or for any other purpose in Banking. not indicated by this act.
Sec. 9. And be it enacted, That this act shall be and con
tinue in force thirty years from the passage thereof, unless Limitation of sooner repealed, and it shall be lawful for the Legislature, atact.
any time hereafter, to amend, modify or repeal the same.
Passed November 9, 1841.