Map filed. Township Committee plication, lay plank walks. second, eighteen hundred and sixty-six, shall upon demand be delivered over to the commissioners appointed by this act, and the commissioners so appointed under and by virtue of said supplement shall thereupon cease to act as such. 4. And be it enacted, That said map so corrected shall be filed, one copy in the county clerk's office and one copy in the town clerk's office on or before the first day of May, eighteen hundred and sixty-nine. 5. And be it enacted, That upon the application in writing may, upon ap- for that purpose by a majority of the resident property owners on the line of any street in said township, it shall be lawful for the township committee and they shall have the power to direct the laying of plank walks, and the costs and expenses of such improvement, shall be assessed by the township committee in a just and equal manner on the owner or owners of land in front of which such improvements are made: provided, that the owners of such land may make such improvements at their own expense, under the direction and approval of said township committee within such time as may be limited by said committee. Proviso. Swing gates. Provisions of act extended. 6. And be it enacted, That it shall not be lawful after the passage of this act for any owner or occupant of property in said township to erect or maintain any swing gate opening outwardly across or upon any sidewalk, under a penalty of ten dollars for each and every week the same shall continue, after notice in writing shall have been served on said owner or occupant, by the township committee for the removal or alteration of the same, to be sued for and recovered in an action for debt, in the name of and for the use of said township, in any court having jurisdiction of that amount. 7. And be it enacted, That the provisions of the act entitled "An Act to prevent horses, cattle, sheep and swine from running at large in the township of Hackensack and Harrington in the county of Bergen," approved February twelfth, eighteen hundred and fifty-two, be and the same are hereby extended to the township of Greenville. 8. And be it enacted, That the act entitled "A supplement to an act to create from the town of Bergen, in the county of Hudson, a new township to be called the township of Greenville," which supplement was approved April second, eighteen hundred and sixty-six, is hereby continued in force and declared to be applicable to this act, except so far as the same conflicts herewith. 9. And be it enacted, That all acts and parts of acts incon- Repealer. sistent with this act, be and the same are hereby repealed, and this act shall take effect immediately. Approved March 27, 1868. CHAPTER CCXXXV. An Act to incorporate the Jersey City Warehousing, Loan and Insurance Company. 1. BE IT ENACTED by the Senate and General Assembly of Corporators. the State of New Jersey, That Hosea F. Clark, John Taylor, Charles H. Winfield, James Cassidy and their associates and successors, are hereby constituted a body politic and corporate by the name of "The Jersey City Warehousing, Loan and In- Name. surance Company," and by that name shall have existence as a corporate body, for the term of fifty years from the passage of this act, with the right to sue and be sued in any court whatsoever, 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 any real or leasehold estate or personal property necessary to be used in and about the prosecution of their business, and to sell and convey the same at pleasure, and particularly to contract for and build one or more warehouses, in Hudson county, New Jersey. ers. 2. And be it enacted, That the corporation hereby created General pow. shall have power to build or erect one or more steam elevators and to take upon deposit as bailees for safe keeping and storage, cotton and other merchandise and personal property generally, and to make insurance against loss by fire on such property, and to do all necessary acts and things, to make policies of insurance, legal, equitable and binding, and to advance money, securities and credits upon any property so deposited, at a rate of interest not exceeding seven per centum per annum; the terms and conditions upon which said property is First directors Powers of directors. Directors, and how elected. lied on pro stored, deposited or insured, and upon which advances are made, shall be provided for in the by-laws of said corporation. 3. And be it enacted, That the business and corporate powers of said corporation is hereby vested in a board of directors, to consist of four persons three of whom shall constitute a quorum for the transaction of business, and those named in the first section of this act as corporators, shall constitute the first board of the said corporation, and shall hold their offices for one year from the organization thereof and until others are elected in their place; and the said corporation shall be deemed to be organized when the directors aforesaid shall have elected a president, vice president and treasurer from their own number, and also a secretary. 4. And be it enacted, That the board of directors shall have power to make all such by laws, rules and regulations not inconsistent with the constitution and laws of the state of New Jersey, as may be deemed necessary for the government and conduct of its affairs, and the appointment and employment of all necessary servants and agents; and the said corporation are hereby authorized to make, execute and issue in the transaction of their business, all necessary receipts, certificates, contracts and policies, which shall be executed and signed in such manner and form as their by-laws may direct. 5. And be it enacted, That all elections for directors shall be by ballot, and every stockholder shall be entitled to one vote for each share of stock held by him; such directors must be stockholders, and upon any director ceasing to be a stockholder, he shall cease to be a director; the board of directors shall have power by ballot to fill all vacancies occurring in their body. All charges a· 6. And be it enacted, That all charges, expenses, advances perty stored. interest, commissions and premium of insurance due, shall be a lien on the merchandise or property so stored with the said corporation; and in case the same or any part thereof shall be in arrears and unpaid, or in case any merchandise or property deposited with the said corporation, upon which advances shall have been made by them, shall before the maturity of the contract, from any cause decrease in value from the price originally fixed, or be unclaimed for one year, said company shall give notice to the owner of such property or to his agent, to perform the conditions of the contract, or make good the deficiency caused by such decrease in value, and within ten days after such notice, and in default thereof, may perty. sell and dispose of such property, or so much thereof as may May sell probe sufficient to satisfy the amount due thereon, at public sale after three weeks' publication of notice of time and place of sale, in not less than two newspapers published in the county, or upon the discovery of any fraud, misrepresentation or concealment in regard to the ownership, character, or value of the property mentioned in or affected by said contract, and out of the proceeds thereof may reimburse themselves for the moneys due them, with the interest, reasonable costs and charges, and may idemnify themselves for any loss they may have sustained through the non-fulfilment of the said contract, decrease in value of property or misrepresentation; provided, however, that Proviso. nothing in this section contained shall be construed to prevent the said company from making any such sale at such time and in such manner as may be provided for in any contract or agreement made by any person or persons with the said company. 7. And be it enacted, That the capital stock of said corpo- Capital stock. ration shall consist of one hundred thousand dollars, divided into one thousand shares of one hundred dollars each, which shall be deemed personal property, and transferable in such manner as the by-laws may prescribe, and the same may be increased in case a majority of the stockholders so determine, to an amount not exceeding five hundred thousand dollars; said corporation may commence business and shall be deemed fully organized when the sum of twenty-five thousand dollars of the capital stock shall have been subscribed for and paid in cash. 8. And be it enacted, That the directors shall from time to time require the stockholders respectively to pay the amount of their subscription for stock at such times and in such proportions as shall be agreed upon in contract of subscription, under the penalty for non-compliance with such contract of forfeiture to the company of said shares, and of all previous payments thereon, or said directors may collect the same by action of law. stockholders. 9. And be it enacted, That the stockholders of said corpo- Liability of ration shall be severally liable for all debts and liabilities of the said corporation to an amount equal to the amount of the stock held and owned by them respectively until they shall have paid the amount of their stock in full. 10. And be it enacted, That this act shall take effect immediately. Approved March 27, 1868. Corporators. Name. Capital stock. Commissioners to open scription. CHAPTER CCXXXVI. An Act to incorporate the Farmers', Manufacturers' and 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Ebenezer Dunn, Thomas T. Hilliard, Jacob M. Mitchell, William Holtz, Joseph B. Heishon, Thomas Brown and William Plummer, and their associates, and all persons who may hereafter be holders of the stock hereinafter named, and their successors, are hereby declared and constituted a body politic and corporate, in fact and in law, by the name and style of "The Farmers', Manufacturers' and Merchants' Steamboat Company of Salem, New Jersey," and by that name the said corporation shall have succession, with power to sue and be sued, defend and complain in any court of law and equity, and to make and use a common seal, and alter the same at pleasure; to acquire by purchase or otherwise, and hold, lease, mortgage and convey such real and personal estate, and in general have such rights, privileges and powers appertaining to corporate bodies, as may be necessary and useful for the purpose and objects of this corporation. 2. And be it enacted, That the capital stock of the said corporation shall be ten thousand dollars, with power to increase the same to twenty-five thousand dollars, to be divided into shares of one hundred dollars each, which said capital stock shall be deemed and considered personal property, and shall be transferable in such way as the by-laws of said company may direct; that each and every share of stock shall be entitled to one vote by the holder or holders thereof, which may be given in person or by proxy. 3. And be it enacted, That the said Ebenezer Dunn, Thomas books of sub- T. Hilliard, Jacob M. Mitchell, William Holtz, Joseph B. Heishon, Thomas Brown and William Plummer, or a majority of them, are hereby appointed commissioners to receive subscriptions for said stock, at such time and places in Salem (where their principal office shall be) as they or a majority of them may direct, giving at least ten days' notice thereof by publishing the same in the newspapers published in Salem, in this State; and the said commissioners shall open a book of |