turbance of said club or such visitors or spectators, or who shall disturb or wrongfully interfere with the peace and good order of said club at any of its public meetings, matches or assemblies; and the parties so arrested shall, as soon as conveniently may be, be taken before some justice of the peace of said county, and there to be dealt with according to law. 10. And be it enacted, That this act shall take effect immediately. Approved February 13, 1868. Corporators. Name. Capital stock. CHAPTER XVI. An Act to incorporate the Vineland Beet Sugar Manufacturing Company. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Iliram W. Bostwick, William D. Kelly, Charles K. Landis, James II. Nixon, and W. O. II. Gwynneth, and their associates, shall be and they are hereby declared to be a body corporate and politic, in fact and in law, by the name of the "Vineland Beet Sugar Manufacturing Company," for the purpose of manufacturing beet sugar in any and every way; and for that purpose may hold such real estate, water privileges, machinery and effects as may be needful to carry on the said business, or may accrue to them in the course thereof, and may sell, mortgage, lease, or otherwise dispose of the same. 2. And be it enacted, That the capital stock of the company shall be twenty thousand dollars, with the privilege of increasing it to five hundred thousand dollars, divided into shares of fifty dollars each; and the persons named in this act are hereby appointed commissioners to receive subscriptions to said capital stock, at such place in the town of Vineland as a majority of them may appoint, giving at least five days' notice in two newspapers published in said town; and as soon as five thousand dollars of said stock is subscribed, the said commissioners shall, by a like notice, call the first meeting of the stockholders, for the purpose of organizing said company. : how elected. 3. And be it enacted, That the business of the said corpo- Directors, and ration shall be managed by seven directors, all of whom shall be stockholders, and one of whom shall be president, who shall hold their offices for one year, and until others are elected in their stead, and every year thereafter, at such time and place, and upon such notice as the by-laws may appoint, an election shall be held, at which election every stockholder shall be entitled to one vote, either in person or by proxy, for every share of stock he may own. rectors. 4. And be it enacted, That the directors of said corpora- Powers of dition shall have power to make by-laws for its government not inconsistent with the laws of this state or the United States, and may appoint such subordinate officers as the business of the corporation may require. 5. And be it enacted, That the stock of said corporation stock personal shall be deemed personal estate, and shall be transferred in estate. such manner as the by-laws may prescribe; but no dividends shall at any time be made to the stockholders, except from the net profits of the corporation, and such dividends shall be declared semi-annually count to be 6. And be it enacted, That regular books of account shall Books of acbe kept in the office of said company, in or near the town of kept. Vineland, to which books every stockholder shall have free access, at all reasonable times, for the purpose of inspection. 7. And be it enacted, That the corporation hereby created shall possess the general powers and be subject to the general restrictions and liabilities set forth in "An Act concerning corporations," approved on the fourteenth day of February, eighteen hundred and forty-six, so far as the same are applicable; and the legislature may at any time hereafter, modify or repeal the same. 8. And be it enacted, That this act shall take effect imme. diately. Approved February 13, 1868. Name. Capital stock. CHAPTER XVII. An Act to incorporate the People's Mutual Fire and Marine 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That all such persons as shall become stockholders to the capital stock hereinafter mentioned, their successors and assigns, are hereby constituted and made a body politic and corporate, by the name of "The People's Mutual Fire and Marine Insurance Company of Hoboken, New Jersey," and by that name shall be known in law, and have power to sue and be sued, and to defend and be defended, in all courts of law or equity, and by that name may have, purchase, possess and enjoy, to them and their successors, lands, tenements and hereditaments, goods, chattels and effects, of what nature and kind soever necessary for the purpose of this corporation; and the same to grant, demise, alien and dispose of at pleasure for the benefit of the said company, and may also have a common seal, and alter and renew the same at their pleasure. 2. And be it enacted, That the capital stock of the said company shall be one hundred thousand dollars, to be divided into shares of one hundred dollars each, with the privilege of increasing the said capital stock to one million dollars at any time during the continuance of this charter; and when the said capital stock of one hundred thousand dollars shall be subscribed, and ten per centum of the said sum paid, or secured to be paid, that then the subscribers to said capital stock, upon ten days previous notice in a newspaper published in the city of Hoboken, given by the commissioners hereinafter named, shall proceed to the election of the board. of directors, which said board of directors shall then proceed. to the election of a president, a vice president, a treasurer, and secretary, and the appointment of such other officers as may be necessary to manage the business of the company, and the office of secretary and treasurer may be filled by the Commission Same person; and Lafayette Tompkins, John G. Trusdell, Morris K. Crane, Lorenzo W. Elder, J. Harvey Lyons, William C. Harp, and Hermann Lohmyer be and the same are hereby appointed commissioners to open the books for sub ers to open books of subscription. scriptions to the capital stock of said company, and that ten days previous notice of the time and place of the opening of said books shall be given by the said commissioners, or a majority of them, the said notice to be published in a newspaper in the city of Hoboken during said space of ten days; and that said books of subscription may be kept open as long as it shall seem best by the said commissioners or a majority of them so to do. may be in 3. And be it enacted, That the capital stock may be in- Capital stock creased at any time by the directors to such amount as they creased. may determine, not exceeding the amount provided for in the second section, and they shall open books of subscription for said increased capital stock after giving ten days previous notice in a newspaper published in the city of Hoboken; and the persons who shall then own the stock of said company shall have the privilege, for five days, of subscribing for said increased stock, and after that time, if not subscribed for by said stockholders, it may be subscribed for by others, and the terms of said subscription, as well as the balance of first subscription, shall be fixed and determined by the said di rectors. how elected. 4. And be it enacted, That the stock, property, affairs and Directors, and concerns of said company shall be managed and conducted by thirty-one directors, seven of whom shall constitute a quorum to transact business, who may respectively hold their office for one year and until others may be chosen; and shall at all times during their continuance in office be stockholders. in the said company in their own right, and the said directors shall hereafter be elected on the second Monday of January in each and every year, at such hour of the day, and at such place in the city of Hoboken as the board of directors for the time being shall appoint, of which election public notice shall be given in a newspaper published in the city of Hoboken at least ten days previous to such election; and every such. election shall be by ballot and by a plurality of the votes cast in person or by proxy; and at every such election each stockholder shall be entitled to one vote for every share of stock he may have standing in his own name on the books of the company; and the first directors shall be A. O. Evans, First directors Adolph Meckert, John Roemmelt, Herman Brunjes, John Gardner, Andrew Anderson, J. Harvey Lyons, Robert Hankins, Lorenzo W. Elder, Theophilus Butts, Peter Kerrigan, William C. Harp, W. W. Shippen, Herman Lohmyer, La Proviso. Business of company. Policies and contracts. fayette Tompkins, Hermann D. Busch, Charles F. Tag, William G. Shepherd, John G. Trusdell, William H. Child, Morris K. Crane, John H. Bonn, Joshua J. Benson, Frederick B. Ogden, George F. Oakley, Michael Coogan, Ralph Thomas, John Meighan, Graham M. Sinclair, Peter M. Reynolds and Thomas Mickens, who shall respectively hold their office until other directors are elected in their stead; and any vacancy in the office of president or director may be filled by a majority of the remaining directors, and in the absence of the president the directors may appoint a president pro tempore, who shall have authority to exercise the power of the president; and the board of directors shall have power to allow such compensation to the officers of, and others in the employ of the company for their services as they may in their judgment deem reasonable and right; and the said directors, or a majority of them, shall have authority to make all necessary rules, regulations and by-laws, as may be necessary and expedient for the management and conducting of the business of the company; provided, the same do not conflict with the laws of this state or of the United States. 5. And be it enacted, That it shall and may be 'awful for the said company to insure houses and other buildings, and personal property of all kinds against loss or damage by fire, upon such rates and conditions as shall be contained and stated in the policy of insurance, and may also insure ships or other vessels, rights, interests and property against every description of casualty incident to inland and marine transportation. 6. And be it enacted, That all policies or contracts founded thereon, which shall be made or entered into by the said company may be made either under or without the seal thereof, and shall be subscribed by the president or by such other officer as may be designated for that purpose by the by-laws of said company, and attested by the secretary, and when so subscribed and attested, the same shall be binding upon the company according to the tenor, intent and meaning of this act, and of such policies or contracts; and all such policies and contracts may be made, subscribed, attested and executed and the business of the said company may be otherwise conducted and carried on without the presence of a board of directors by committee or otherwise, and the same shall be binding and obligatory on the said company. 7. And be it enacted, That the stock of said company shall |