ACTS OF THE NINETY-SECOND LEGISLATURE OF THE STATE OF NEW JERSEY, AND TWENTY-FOURTH UNDER THE NEW CONSTITUTION. NEW BRUNSWICK, N. J.: 1868. ACTS OF THE NINETY-SECOND LEGISLATURE. CHAPTER I. A Supplement to an act entitled "An Act to incorporate the Sussex Valley Railroad Company, approved March fourteenth, eighteen hundred and sixty-seven. WHEREAS, the Sussex Valley Railroad Company, by an act Preamble. of the legislature of this state, entitled "An Act to incorporate the Sussex Valley Railroad Company," Arproved March fourteenth, eighteen hundred and sixty-seven, was ordained, constituted and declared to be a body corporate in law and in name, with certain rights, privileges and franchises, and subject to certain duties and restrictions; and whereas, through inadvertence the said "The Sussex Valley Railroad Company" have omitted to pay the tax and assessment imposed upon their said act of incorporation by the act entitled "An Act to increase the revenues of the state of New Jersey," approved March sixth, eighteen hundred and fifty-eight-therefore, ginal act on 1. BE IT ENACTED by the Senate and General Assembly of Reviving orithe State of New Jersey, That the act entitled "An Act to paying state incorporate the Sussex Valley Railroad Company," approved assessment. March fourteenth, eighteen hundred and sixty-seven, shall stand revived, and shall have the same force and effect as if the said tax and assessment had been duly paid on or before the first day of July next after the passage of the said mentioned act; provided, that the said tax and assessment im- Proviso. posed by the act, entitled "An Act to increase the revenues of the state of New Jersey," shall be duly paid on or before the first day of July next after the passage of this act. 2. And be it enacted, That this act shall take effect immediately. HENRY S. LITTLE, President of the Senate. AUGUSTUS 0. EVANS, Speaker of House of Assembly. Approved February 5, 1868. MARCUS L. WARD. Corporators. Name. May hold real estate. CHAPTER. IT. An Act to incorporate the Drew Theological Seminary of the 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Daniel Drew, Edmund S. Janes, George T. Cobb, Matthew Simpson, Enoch L. Fancher, James M. Tuttle, Theodore Runyon, Daniel Curry, Benjamin F. Manierre, Charles B. Sing, Cornelius Walsh, John S. Porter, Francis H. Root, John P. Durbin, James Bishop, R. L. Dashiell, Daniel L. Ross, Morris D'C. Crawford, Daniel D. Chamberlain, Archibald C. Foss, John H. Ockershausen, Leonard M. Vincent, William Wells, George F. Brown, William W. Drew, William H. Ferris, John A. Wright, John Lanahan, Charles C. North, Thompson Mitchell, and their successors in office as herein provided for, are hereby constituted a body corporate by the name of "Drew Theological Seminary of the Methodist Episcopal Church," and by that name the corporation shall have perpetual succession, the right to sue and be sued, the right to contract and be contracted with, and to make and use a common seal, and to alter the same at pleasure, and may acquire, have, hold, possess, use and enjoy upon the trusts, and for the uses and purposes of said corporation, by purchase, gift, grant, devise or bequest, any real estate or personal property, and may let, lease, sell, grant, alien and convey any of said real es tate or personal property, subject, however, to the limitations. herein contained, and shall possess, enjoy and exercise all the rights, powers and privileges of corporations conferred by law, or by the statutes of this state. purposes. 2. And be it enacted, That the objects and purposes of the objects and said corporation are the establishment, maintenance and support within the state of New Jersey of a theological faculty and seminary, and of theological instruction and education therein, under the direction and supervision of the general conference of the Methodist Episcopal Church in the United States, and, in consonance with the doctrines and discipline of the said church, with power to confer on graduates of said seminary proper degrees in theology, and to exercise the prerogative of a university in conferring honorary degrees in theology upon clergymen, with power also to organize faculties of arts, law, literature and medicine, at such time as the said corporation may see fit, and to that end to appoint professors in said faculties, and through them to provide instruction in the arts, law, literature and medicine, and to confer degrees in the same, and to use and exercise all the powers and functions of a university; and said corporation is hereby authorized and empowered, whenever it shall desire so to do, May change to change its corporate name to that of the Drew University, said change to be effected by filing in the office of the secretary of state, of this state, a certificate signed by the president of the board of trustees for the time being, by order of said board, of their intention so to change said name, and upon the filing of said certificate said corporation shall thenceforward be known by the said name of the Drew University; provided, that said change of name shall not in any wise Proviso. affect the title to any of the property of the corporation; but said corporation shall have and enjoy all its franchises, property, rights and privileges, and have succession in all respects as if its name had not been changed. its name. vested in a tees. 3. And be it enacted, That the government of the said cor- Government poration and the management of its property, business and board or trusaffairs, are hereby vested in a board of trustees, consisting of thirty-one persons, constituted as follows, viz.: fifteen ministers and fifteen laymen, and the president of the faculty herein provided for ex-officio, all of whom shall be in good standing as ministers or members of the Methodist Episcopal Church, and nine of such trustees shall constitute a quorum of said board, competent to act at any regular or adjourned |