3. And be it enacted, That this act shall take effect imme An Act to incorporate the Passaic Mutual Protective Union. 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That Alfred Speer, John V. S. Van Winkle, Richard A. Terhune, Walling Kip, Nicholas S. Kip, William S. Anderson, Aaron Kenter, C. M. K. Paulison, John T. Van Iderstine, Wilhelmus Van Winkle, Aaron Van Iderstine, and their successors, are hereby constituted a body corporate by the name of "The Passaic Mutual Protective Name. Union," and to remain and continue for the space of twenty years next ensuing. managed by a tors. 2. And be it enacted, That the affairs of the said society Affairs to be shall be managed by a president, secretary, treasurer and five board of direc directors, to be chosen by the members of the said society annually, at such time and manner as the by-laws of the society may direct, who shall serve for one year and until others are chosen in their stead; notice of which election shall be given two weeks previous by sending or mailing a notice to each member, and that the persons heretofore named as corporators shall, as soon as convenient after the passage of this act, assemble and organize said society, and order an election of officers and directors. rests. 3. And be it enacted, That every member of said society be May make arempowered to make arrest of any person or persons who they may find stealing, or know have stolen property, or who have been setting fire to or in any way wilfully destroying property, or who have committed burglary, and bring them before a magistrate for examination. nittee. 4. And be it enacted, That the directors may from time to Special comtime elect one or more persons to act as special committee to go in search of thieves or of stolen property, and may also appoint such other officers as may be necessary. May issue policies of insurance. 5. And be it enacted, That when the funds of this society shall amount to one thousand dollars, the said directors, together with the president, secretary and treasurer, may issue policies of insurance against theft on any property belonging to any member of said society, on such terms as the society may make in their by-laws. Approved April 17, 1868. Corporators. Name. Capital stock. Business of CHAPTER DXVIII. An Act to incorporate the Randolph Manufacturing Com pany. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That William G. Lathrop, George Gage, James H. Neighbour, C. D. Schubarth, John Hance, Robert F. Oram, John C. Ryle, and such other persons as may be associated with them, be and they are hereby created a body corporate and politic in law, by the name of "The Randolph Manufacturing Company," and as such may sue and be sued, implead and be impleaded, in any court of law or equity in this state; may adopt a common seal, and alter the same at their pleasure; may purchase, lease, convey, mortgage, hold and sell any goods and chattels, personal property, lands and tenements, and rights thereon, that may be required for the purposes of this act, and possess generally all the powers, and be subject to all the liabilities of corporations under the laws of this state. 2. And be it enacted, That the capital stock of said company shall be the sum of fifty thousand dollars, with power to increase the same, by a vote of the board of directors, to any sum not exceeding two hundred thousand dollars. 3. And be it enacted, That the capital stock of said comthe company. pany shall be divided into five hundred shares, of one hundred dollars each, until the same be duly increased as hereinbefore provided; that all shares of said stock shall be deemed to be personal property, and shall be transferable in such manner as the corporation by its by-laws shall direct, and that the said capital may be employed in the business of manufacturing silk, cotton, flax or other fibrous material, and in buying, selling and disposing of the same, and of all articles connected therewith, and that the said company shall locate their works in the village of Port Oram, in the state of New Jersey. a beard of di 4. And be it enacted, That the property and affairs of said conducted by corporation shall be managed by a board of directors, not more than seven, nor less than five in number, who shall be stockholders in said company, and shall be chosen annually at such time and place in said village as the by-laws of the company shall appoint, giving ten days' notice of such time. and place in one or more newspapers published in the county of Morris; that said directors shall serve for one year and until others are chosen in the corporation in their stead; and that in case of the death, incapacity or refusal to serve of any of said persons before the said company shall be organized, or of any director after the same shall be organized, the survivors may appoint a person to fill each vacancy, who shall hold office for the balance of the term of the person whose place he is appointed to fill. ers to open 5. And be it enacted, That the persons above named shall commissionbe commissioners to open books of subscription to the stock books of subof said company, at such time and place in said village of scription. Port Oram, and for such period or periods as they may determine, giving ten days' notice of such time and place in one or more of the newspapers published in said county; and when ten per centum of the said stock has been subscribed for and paid up in full, or issued accordingly to this act, it shall be lawful for the said company to commence its business, and when the books of subscription are closed, the said commissioners shall deliver to the president of said board of directors, all books, papers and moneys in their hands belonging to the company, first deducting their fair and reasonable compensation and expenses, and thereupon the board may proceed with the business of the company. stock in par ment for land, goods, &c. 6. And be it enacted, That the said company may issue May Issue stock to any person or persons in payment for any lands, goods, chattels, lease and holds, and property required by said company for the prosecution of their business under this act. 7. And be it enacted, That the board of directors may omcers. choose from their number a president, and such other officers Dividends. Limitation. as they may deem proper, and may appoint and employ such agents and superintendents and subordinates as their business shall require, and may adopt by-laws and rules for the government of said company and of said board, and of their officers and employees; may fill all vacancies in the board until the next annual election of directors; that the said annual election shall be held on the first Monday in June in each year, at which election each stockholder shall be entitled to one vote for each share of stock held by him. 8. And be it enacted, That no dividends shall be declared except from the actual profits of the company; that a meeting of the board may be called at any time by the president, or by any two directors, and a meeting of the stockholders may be called by any two of the stockholders, and that all elections of directors shall be by ballot, and that their principal office shall be in the village of Port Oram. 9. And be it enacted, That this act shall continue in force for thirty years. 10. And be it enacted, That this act shall take effect immediately. Approved April 17, 1868. Preamble. CHAPTER DXIX. An Act to confirm certain acknowledgments taken by John WHEREAS, at the City of Mexico, in the republic of Mexico, on the twenty-ninth day of March, anno domini one thousand eight hundred and forty-four, Francis Preto and Neto, and Mary, his wife, did appear before John Black, consul for the United States of America for the said City of Mexico, and acknowledge a deed made by them and others to William B. Bend, which deed is recorded in book C six, of deeds, for the county of Essex, in the state of New Jersey, at pages four hundred and twenty-six, four hundred and twenty-seven, four hundred and twenty-eight, and four and confirmed hundred and twenty-nine; and whereas, in Adams county, in the state of Mississippi, on the fourth day of June, anno domini one thousand eight hundred and forty-four, John T. Griffith did appear before Robert W. Wood, a justice of the peace and ex-officio a notary public, in and for said county of Adams, and acknowledge said deed above referred to, he being one of the grantors therein; and whereas, neither said John Black, consul, or said Robert W. Wood, justice of the peace and ex-officio notary public, was authorized to take said acknowledgments, or either of them; and the one taken by said Robert W. Wood is imperfect, not being in the form prescribed by the laws of this state; and as innocent persons may suffer thereby, 1. BE IT ENACTED by the Senate and General Assembly of Acts legalized the State of New Jersey, That said acknowledgments, and each of them, shall be deemed and taken to be to all intents and purposes as good and valid and effectual in law, and the record admissable in evidence as fully and completely, as if such acknowledgments and each of them had been made and taken before a person or officer by the laws of this state authorized to take acknowledgments of deeds and conveyances, and as if these said acknowledgments had been in all other respects perfect and in conformity with the laws of this state; and the said acts of said John Black and the said acts of said Robert W. Wood, in taking said acknowledgments, are hereby confirmed and declared effectual in like manner as though the said John Black and Robert W. Wood had been lawfully authorized to take said acknowledgments, and said acknowledgments were perfect and in conformity with the laws of this state. 2. And be it enacted, That this act shall take effect immediately. Approved April 17, 1868. |