virtue of a deed made to them by Thomas McDonald of said place, bearing date June twenty-third, eighteen hundred and fifty-four, and for that purpose to make, execute and deliver a good and sufficient deed of conveyance therefor to the purchaser or purchasers of the same, and that such deed of conveyance shall be good and effectual in law. 2. And be it enacted, That this act shall take effect immediately. Approved March 11, 1868. Corporators. Name. Objects CHAPTER CLV. An Act to incorporate the Vineland Safe Deposit Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Edwin M. Turner, William A. House, Willis T. Virgil, and such other persons as may be associated hereafter with them, their successors and assigns, shall be and they are hereby constituted and declared to be a body politic and corporate, in fact and in law, by the name, style and title of the "Vineland Safe Deposit Company," and by that name, style and title shall be capable of purchasing, holding, leasing and conveying any lands, tenements, goods or chattels necessary or proper for the objects of the corporation hereby created, with power to have, use and adopt a common seal, and to alter and change the same at any time, to sue and be sued, to defend and be defended, in all courts of law and equity, with the power and privilege to receive and hold on deposit and in trust moneys, including the notes, bonds, obligations, bills of exchange, drafts, and accounts of estates and individuals, and of companies and corporations, and the same to purchase, collect, adjust and settle, and also to sell and dispose thereof in any market in the United States or elsewhere, and to receive on deposit for safe keeping stocks, United States bonds and money, upon terms to be prescribed by the by-laws of said company, and to pay or deliver the same upon orders or checks drawn by the person or persons in whose name they are deposited or left, and to collect coupons of United States bonds, or interest due upon obligations when authorized so to do by parties depositing the same, to draw drafts, and to do a general exchange, commission and collecting business. 2. And be it enacted, That the capital stock of said corporation shall be ten thousand dollars, with power to increase the same by a vote of the board of directors to one hundred thousand dollars, to be divided into shares of one hundred dollars each, which shall be deemed personal property; and the said company may organize and commence business whenever ten thousand dollars shall have been subscribed and fifty per cent. thereof paid in in cash; all stock subscribed shall be paid in at such times and upon such notice as the board of directors of said company may direct. [stock 3. And be it enacted, That the business of said corporation powers of dlshall be managed and conducted by a board of directors of not lectors. less than three nor more than five in rumber, who shall be stockholders in said company, and at the first meeting after every election they shall elect one of their number president, and shall have power to appoint such other officers and agents as they may deem necessary; said board of directors shall hold their office for one year and until others are chosen in their places. 4. And be it enacted, That the directors shall be elected at Directors, and the annual meeting of the stockholders, which shall be held how elected. on the fourth Tuesday in December in each and every year, at such hour and place as the by-laws of said company may direct; and until such annual election shall take place the persons named in this act shall be the directors of said corporation, a majority of whom shall be competent to transact business. elect directors 5. And be it enacted, That in case an election for directors Failure to shall not take place upon the day herein designated for that not to dissolve purpose, the corporation shall not be deemed dissolved, but the stockholders may proceed to hold an election on any other day, ten days' previous notice of the time and place of said election having been first given, at which election and at all meetings of the company each stockholder shall be entitled to one vote in person or by proxy for each share of stock held, and that the principal office of said company shall be at Vineland, Cumberland county, New Jersey. 6. And be it enacted, That the officers of said company shall be required to file in the office of the state treasurer bonds of Annual statement. the United States or of the state of New Jersey or other good bonds to the full amount of stock to be issued before issuing said stock. 7. And be it enacted, That the directors shall, at the annual meeting of the stockholders for the election of officers, exhibit a full and complete statement of the affairs of the company during the preceding year. 8. And be it enacted, That this act shall take effect immediately. Approved March 11, 1868. Preamble. Appropriation CHAPTER CLVI. A Supplement to an act entitled "An Act to establish a system of Public Instruction," approved March twenty-first, eighteen hundred and sixty-seven. WHEREAS, the annual appropriation from the income of the school fund, for the use of the public schools, exceeds the amount that may be derived from the school fund securities; and whereas there was a large deficiency at the close of the fiscal year ending November thirtieth, eighteen hundred and sixty-seven; therefore, 1. BE IT ENACTED by the Senate and General Assembly of to school fund the State of New Jersey, That the sum of fourteen thousand eight hundred and seventy-four dollars and forty-seven cents, be and the same is hereby appropriated to the school fund to pay said deficiency, out of any moneys in the treasury belonging to the state and not otherwise appropriated. Annual appropriation from school schools. 2. And be it enacted, That it shall be the duty of the trustees of the school fund of this state, on or before the first fund to public Monday of April in every year, to appropriate out of the annual income for the support of the public schools the sum of thirty-five thousand dollars; and if the annual income of said fund shall not have been received in full, or shall be insufficient for that purpose, then the said trustees are hereby authorized and empowered to draw for any sum necessary to make up the deficiency, by warrant signed by the comptroller upon the treasurer of the state, who is directed to pay the same; which sum so drawn from the treasury aforesaid, shall be replaced by the annual income of said school fund so soon as the same shall be received. appropriation 3. And be it enacted, That from the revenue of the state Annual state the sum of sixty-five thousand dollars per annum shall be ap- to schools. propriated, in addition to the sum of thirty-five thousand dollars from the annual income of the school fund, as mentioned in the preceding section of this act. 4. And be it enacted, That the seventieth and seventy-first Repealer. sections of the act to which this is a supplement, be and the same are hereby repealed, and that this act shall take effect immediately. Approved March 11, 1868. CHAPTER CLVII. An Act to incorporate Morning Star Lodge, Number Seventy, of the Independent Order of Odd Fellows, of the village of Haddonfield, county of Camden, and state of New Jersey. 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That Richard Snowden, John Stoy, William McKnight, Clayton Hollinshead, Charles F. Redman, trustees, and their associates, officers and members of "Morning Star Lodge, Number Seventy, of the Independent Order of Odd Fellows, of the state of New Jersey," and their successors, be and they are hereby constituted and declared to be a body corporate and politic in law, by the name, style and title of "Morning Star Lodge, Number Seventy, of the Name. Independent Order of Odd Fellows, of the state of New Jersey," and by that name they and their successors shall and may at all times hereafter, be capable in law of having, pur- May hold real chasing, holding and possessing any lands, tenements, hereditaments and personal estate, purchased, devised or bequeathed by any person or persons, body corporate or politic, capable of making the same, and also to have a common seal, and use the same at pleasure; provided always, that Proviso. the said corporation or body politic shall not at any time hold estate. or possess property, real, personal or mixed, exceeding in value the sum of ten thousand dollars. 2. And be it enacted, That this act shall take effect immediately. Approved March 11, 1868. Corporators. Name. Capital stock. CHAPTER CLVIII. An Act to incorporate the Joseph Dixon Crucible Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Joseph Dixon, Orestes Cleveland, Daniel T. Hoag, Michael S. Allison, Joseph McCoy, Jeremiah B. Cleveland, Job Falkenburgh, David Smith, and William L. Dickinson, and such other persons as they may associate with them and their successors, shall be and they are hereby created a body politic and corporate, in fact and in law, by the name of "The Joseph Dixon Crucible Company," that the capital stock of the said corporation shall be five hundred thousand dollars, divided into shares of one hundred dollars each, which shall be subscribed and paid in at such times, upon such notice and in such manner and installments as the directors of said corporation by their by-laws or otherwise may direct; that such payments shall be made either in money or in real or personal property, necessary for the business of said corporation; and in case of payment in real or personal property, the directors of said corporation may issue in payment therefor the stock of the said corporation, upon such terms as they may deem best for its interest; and that in case of the failure of any stockholder to pay any installment on his or her stock, at the place, and within thirty days Forfeiture for of the time appointed for the payment thereof, such stockof install- holder shall incur a forfeiture of his or her share and shares of stock, and of all previous payments thereon, for the use of the said corporation. non-payment ments. Capital stock. 2. And be it enacted, That the capital stock of the said corporation shall be deemed personal property, and the shares of stock shall be transferable in such manner as the board of directors by their by-laws may direct; and every share of |