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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

fund to public 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 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.

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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 stockholder 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-pavment of installments.

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

stock shall entitle the holder thereof to one vote, either in person or by proxy.

brow elected.

3. And be it enacted, That the said corporation may be or- Directors, and ganized, and shall have all the rights and powers conferred by this act, when four hundred thousand dollars of its capital stock shall be subscribed; that the affairs of the said corporation shall after its organization, be managed by seven directors, to be chosen, except as hereinafter provided, by the stockholders of the corporation annually at such time and in such manner as the by-laws of the corporation may direct, and which directors shall serve for one year, and until others are chosen in their stead, notice of which election shall be previously given for two weeks in a newspaper published in the county of Hudson; the said directors shall from time to time elect a president from their own number, who shall hold his office until the next annual election for directors, and until another shall be elected in his place, and may also appoint such other officers as they may deem necessary; that a majority of the directors shall form a quorum capable of attending to any business; and any vacancy in the board of directors may be filled by the remaining directors until the next annual election; and if for any reason an election for direct- Not dissolved ors shall not be held at the time appointed, the corporation elect directors shall not for that cause be dissolved, but such election may be held at any time within one year thereafter, provided, two Proviso. weeks' notice shall be given of such election by the publication thereof in some newspaper published in the county of Hudson.

fallure to

Commission. ers to open

scription.

4. And be it enacted, That Orestes Cleveland, Michael S. Allison, Job Falkenburgh, Joseph McCoy, Jeremiah B. Cleve- books of subland, David T. Hoag, and David Smith, shall be the first directors of the said corporation, and shall be authorized to receive subscriptions to the capital stock of the said corporation, and a majority of them shall as soon as convenient after the sum of four hundred thousand dollars of said capital stock. shall be subscribed for, assemble and organize such corporation, and they shall continue in office until others, as hereinbefore directed, shall be chosen in their stead.

5. And be it enacted, That the said corporation be and the Bustness of same hereby is authorized and empowered to carry on the corporation. business of manufacturing, buying, selling and dealing in plumbago, crucibles, pencils, stove polish, foundry facings, laundry blue, and other articles, and to take, hold, use, possess, convey, mortgage and dispose of real and personal pro

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perty of every description, but shall at all times have an office in this state where legal process may be served on said corporation.

6. And be it enacted, That the amount of the capital stock of the said corporation may be increased from time to time, as the board of directors shall determine, to an amount not exceeding one million dollars.

7. And be it enacted, That the said directors may from time to time make, alter, and repeal by-laws for the government of the corporation, its officers and agents, the preservation and use of its property and the conduct and management of its business; provided, that no such by-law shall conflict with any law of this state.

8. And be it enacted, That the real and personal property of the said corporation shall be subject to taxation at the office of the company in Jersey City in like manner as the property of individuals, and that the said corporation shall not be subject to any other tax whatever, and its stockholders shall not be subject to any tax on any stock of said corporation held or owned by them, or any of them.

9. And be it enacted, That the said corporation shall possess all the rights and powers, and be subject to all the liabilities incident to a corporation, and particularly that it shall possess all the rights and powers, and be subject to the restrictions and liabilities provided for in an act entitled "An act concerning corporations," approved February fourteenth, eighteen hundred and forty-six, and the several supplements thereto, so far as the same are applicable.

10. And be it enacted, That this act shall take effect immediately.

Approved March 11, 1868.

Subscription

CHAPTER CLIX.

An Act to authorize a subscription on the part of this state to a new edition of Nixon's Digest of the Laws.

1. BE IT ENACTED by the Senate and General Assembly of Digest. the State of New Jersey, That the secretary of state be and

to Nixon's

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