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A FURTHER suppleMENT to an act entitled “An act to incorporate the Weehawken Ferry Company,” approved March twenty-fifth, eighteen hundred and fifty-two.
1. BE IT ENACTED by the Senate and General Assembly of ol the State of New Jersey, That the said company are hereby or authorized to increase their capital stock to twenty thou. ..." sand shares, and to issue their bonds, bearing interest not exceeding seven per cent. per annum, and to secure the payment of such bonds the said company shall have the power to convey or pledge, by way of mortgage, trust, or otherwise, the whole or any part of the property and franchises of said company.
2. And be it enacted, That it shall and may be lawful for §o. the said company to purchase and hold such lands adjoin. ..." ing or near the said ferry as they may deem necessary, * and to pay for the same in the shares of the capital stock,
or in the bonds of said company, and may receive, hold
and execute all instruments and conveyances necessary for the purchase, sale, allotment, division, lease, mortgage, or other disposition of such property by subscription or otherwise, as said company shall deem most advantageous, anything to the contrary notwithstanding; and shall have the right to improve any lands held by them, by laying out into lots, streets, roads, squares, cemeteries, or other divisions, and to level, grade, or tunnel the same; and may build any structures which they may deem necessary for the said ferry, commercial, shipping or other purposes, and shall have the right to collect, receive, demand and sue for all wharfage, dockage, and cranage, which they may levy upon any wharf, dock, pier, slip, or bulkhead erected or owned by the said company.
3. And be it enacted, That all things in said act, and in the supplement thereto, approved March twentieth, eighteen hundred and fifty-seven, inconsistent with this supplement, are hereby repealed, and this act shall continue in force thirty years; provided, said company shall only hold lands and carry on their operations in the counties of Hudson and Bergen, and shall not hold more than one
thousand acres at any one time.
THos. H. HERRING,