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books of the company in such manner as the by-laws may
provide.
5. And be it enacted, That it shall be lawful and the duty
of the said company to build said bridge at least twelve
feet in width, with good and sufficient side rails, for the
safety of travellers, and construct a convenient draw or
swing therein, of at least thirty feet opening, to be placed
in the most convenient place for the navigation of said
creek, and provide a suitable person to open the said draw
at all times, for the passage of masted vessels, so that the
full and free navigation of said creek shall not at any time
be obstructed or impeded; and on failure to attend said
draw and open the same for the free passage of such vessels
on their arrival at the said bridge, the said company shall
be liable to an indictment in the county of Middlesex, and,
if convicted, to be fined, at the discretion of the court, in
any sum not exceeding twenty-five dollars, and also liable
to an action of damages at the suit of the party aggrieved.
6. And be it enacted, That the said company shall, at all
times, after building the said bridge, support, uphold, and
maintain the same, and at all times keep it in good repair
and safe for those who may have ogcasion to pass over said
bridge with their horses and carriages, or otherwise, and
may, at their discretion, if the said bridge should be carried
away by any cause, rebuild the same.
7. And be it enacted, That it shall be lawful for the said
company at all times to take, demand, and receive of and
from every person or persons who shall pass over the said
bridge, when they shall enter upon the same, the following
rates of toll, and no more, that is to say:—
For every person on foot, two cents.
For every person on horse or mule, three cents.
For all wagons, carts, sleighs or sleds drawn by one horse,
mule or ox, five cents.
For all one horse pleasure carriages, five cents.
For all two horse pleasure carriages or stages, ten cents.
For all two horse mule or ox wagons, carts, sleighs of .
sleds, ten cents.

For all four horse, mule or ox carriages of every kind, twelve cents. For all cattle or horses, two cents. For all hogs, calves, and sheep, one cent. And all other articles and things notherein enumerated, to be in equitable proportion; provided always, that said directors Proviso. have power to reduce said rates. 8. And be it enacted, That it shall be lawful for any toll- Fo gatherer having charge of said bridge, to stop any person ou" on foot, every person, horse, or mule, with or without wagons, carts, sleighs, or sleds, all pleasure wagons, and all cattle, horses, hogs, calves, and sheep, from passing over said bridge until the toll as above specified, shall have been paid. 9. And be it enacled, That if any person or persons having or njuring the command of any vessel shall do any damage to said works. bridge or draw, or keep it up more than fifteen minutes, when the same is not absolutely necessary for the passage of any masted vessel or boat, shall forfeit and pay the sum of twenty-five dollars, and also be liable for all damage that may be done to said bridge or draw, to be recovered in an action of debt, before any court having competent jurisdiction, with costs of suit. 10. And be it enacted, That the said corporation shall pos. or sess the general powers, and be subject to the restrictions ties. and liabilities, contained in the act entitled “An act concerning corporations,” approved the fourteenth day of February, eighteen hundred and forty-six, and the acts supplementary thereto and amendatory thereof, so far as the same are applicable. 11. And be it enacted, That the said company may con- company struct roads on the salt meadows on either side of said tood. creek, from the said bridge to the upland, and put and keep the said roads in good condition and repair, in order to maintain a good and safe way for the passage of public travel. 12. And be it enacted, That this act shall go into effect immediately.

Approved February 18, 1858.

Names of corporators.

General powers.

What property may be insured.

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* AN ACT to incorporate the Monmouth County Mutual Fire Insurance Company.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Joseph Combs, Horatio Ely, George Taylor, Daniel H. Ellis, Henry C. Patterson, Joseph H. Rossell, William W. Ward, John R. Haley, William D. Davis, Austin H. Patterson, James Cooper, Charles Butcher, Charles H. Conover, John Barriclow, William P. Forman, James M. Smith, Elisha Laird, John N. Conover, Jacob Herbert and Peter S. Conover, and others, their associates, successors, and assigns, shall be and hereby are ordained, constituted, and declared to be a body corporate and politic, in fact and in law, by the name of “The Monmouth County Mutual Fire Insurance Company,” the office thereof to be located in the village of Freehold; and by that name

they and their successors shall and may have succession

during the continuance of this act, and shall be persons in
law capable of suing and being sued, pleading and being
impleaded, answering and being answered unto, defending
and being defended, in all courts and places whatsoever;
and they and their successors may have a common seal, and
may change and alter the same at pleasure; and also that
they and their successors, by the name of “The Monmouth
County Mutual Fire Insurance Company,” shall be in law
capable of purchasing, possessing, and enjoying, to them
and their successors, lands, tenements, hereditaments, goods,
chattels, and effects, of what nature and kind soever, neces-
sary for the purpose of this corporation, and the same may
grant, demise, alien, and dispose of at pleasure for the
benefit of said company.
2. And be it enacted, That it shall and may be lawful for
the said corporation to insure dwelling-houses, stores, shops,
and other buildings, household furniture, merchandise, and
other property, against loss or damage by fire, and gene-
rally to insure against all losses pertaining to fire.

3. And be it enacted, That the property and concerns of the corporation shall be managed and conducted by thirteen directors, all of whom shall be citizens of this state, to be chosen by ballot, by and from among the members, to hold their office for one year and until others are chosen to fill their places; and the election for directors shall be held on the third Monday of January in every year, between the hours of ten in the forenoon and three in the afternoon, in Freehold aforesaid, at the office of the cqmpany, or at such other place therein as the majority of the directors for the time being shall appoint; of which election the secretary shall give public notice in the newspapers printed in the village of Freehold, at least two weeks immediately preceding such election; and if any of the said directors shall die, or refuse to serve, or neglect to act in said office for the space of six months successively, then and in every such case the remaining directors shall have power to fill such vacancy or vacancies until the time of the next annual election; and in case it shall happen that an election of directors should not be held on the day when, pursuant to this act, it ought to have been, the said corporation for that cause shall not be deemed to be dissolved, but it shall and may be lawful, on any other day, to hold an election for directors; and until an election for directors shall be held, according to the provisions of this section, the following persons shall be directors, namely: Joseph Combs, Horatio Ely, Joseph H. Rossell, John R. Haley, William D. Davis, James Cooper, Charles Butcher, Charles H. Conover, William P. Forman, James M. Smith, John N. Conover, Jacob Herbert, and Peter S. Conover. 4. And be it enacted, That the directors hereinbefore mentioned shall, as soon as convenient after the passing of this act, and the directors annually chosen agreeably to the provisions of this act, shall, as soon as convenient after their election, proceed to choose out of their body one person to be a president, who shall be an inhabitant of Freehold aforesaid, and shall preside until the next annual election thereafter; and in case of the death, resignation, or inability to

Election of directors.

First directors.

Election of president.

Proviso.

Duties and powers of lirectors.

Proviso.

officers of other companies not to be officers of this.

Persons insured to deposit promissory note.

serve of the president, such vacancy may be filled for the remainder of the term by such person as the board of directors may appoint; and in case of the absence of the president, the board of directors shall have power to appoint a president pro tempore, who shall exercise all such powers and duties as the by-laws of said company may provide; provided, that the president of the company shall hold his office at the pleasure of the board of directors, and be subject to removal by them. 5. And be it enacted, That the board of directors for the time being, or a majority of them, shall have power to make or prescribe such by-laws, rules, and regulations as to them shall appear needful and proper, touching the management and disposition of the stock, property, estate, and effects of the said corporation, and touching all such other matters as appertain to the business, ends, and purposes which the corporation by this act is entitled to; and also shall have power to appoint a secretary, surveyor or surveyors, and such additional officers, clerks, and servants, for carrying on the business of the said corporation, with such allowances as to them shall seem meet; provided, that such bylaws, rules, and regulations be not repugnant to the constitution and laws of the United States and of this state. 6. And be it enacted, That it shall not be lawful for the president or a director of any other insurance company, engaged in insuring houses, stores, and personal property against loss or damage by fire, to be president or director of the company incorporated by this act. 7. And be it enacted, That every person who shall become a member of said company, by effecting insurance therein, shall, before he receives his policy, deposit his approved promissory note, guaranteed by some responsible person or persons, for such a sum of money as shall be determined by the directors to be the premium for said insurance, twenty per centum of which said note shall be immediately paid, and the remainder of said deposit note shall be payable in part or the whole, at any time when the directors shall deem the same requisite for the payment of loss or

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