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Names of corporators.

Amount of capital stock.

CHAPTER VI.

AN ACT to incorporate "the Essex and Hudson Agricultural and
Mechanical Association."

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Samuel J. Gustin, Ezra Nye, William Redmond, John C. Littell, J. H. Gautier, Henry K. Toler, James H. Halsey, B. F. Woolsey, Oliver S. Halsted, jr., Francis S. Lathrop, John Chadwick, and their associates and successors, shall be and they are hereby constituted a body politic and corporate, by the name of "The Essex and Hudson Agricultural and Mechanical Association," with the power to purchase, hold, and improve such real estate as may be necessary for the purposes of said society, and power to sell and convey the same, and with all the powers, rights, and incidents of a corporation under the laws of the state of New Jersey.

2. And be it enacted, That the capital stock of said company shall be two hundred thousand dollars, which shall be divided into shares of two hundred dollars each, and paid in by the stockholders at such time and in such manner, and in such instalments, as the directors of said company may direct, and in such penalties for neglecting the payment of such instalments as the said directors shall deem advisable; and such shares shall be deemed personal property, and be transferable in such manner as the company, by their by-laws may appoint; provided, that at least thirty days' notice, in writing, shall be given to each of the stockholders, of the time when the shares are required to be paid in. Commis- 3. And be it enacted, That the above named persons, or a majority of them shall be commissioners to open books, and receive subscriptions to the capital stock of said company, at such time or times, and place or places as they or a majority of them may think proper, giving notice thereof at least two weeks, by publishing the same for two weeks

Proviso.

sioners to receive subscriptions.

in some newspaper published in this state, and circulating in the counties of Essex and Hudson: and as soon as five hundred shares are subscribed, and the sum of fifty thousand dollars paid in, a like publication as aforesaid, for the space of two weeks, shall be given for the meeting of the stockholders to choose eleven directors, who shall hold their office for one year, and until others are elected.

books and

delivered to

4. And be it enacted, That the said election shall be certi- Subscription fied by the said commissioners, or a majority of them, who money to be shall thereupon deliver over to the directors elected as directors. aforesaid, the subscription books and moneys paid in, at such time and place as shall be appointed by the commissioners, or a majority of them, notice whereof shall be given to the said directors, and who shall be thereupon authorized, to hold their first meeting, and commence business.

sioners to

chase land.

5. And be it enacted, That Samuel J. Gustin, Ezra Nye, CommisWilliam Redmond, John C. Littell, J. H. Gautier, Henry lease or purK. Toler, James H. Halsey, B. F. Woolsey, Oliver S. Halsted, jr., Francis S. Lathrop, and John Chadwick, or a majority of them, are hereby appointed commissioners to lease or purchase, within six months from the date of this act, such tract or parcel of land for the uses and purposes of this association as they may deem suitable therefor, which tract, when so leased or purchased, shall be leased or conveyed to said association, and shall be the only land held and used by them for the purposes contemplated by the provisions of this act; provided, such tract of land shall Proviso. be located in either of the counties of Essex or Hudson.

powers of

6. And be it enacted, That after the land needed for the Duties and purposes of said association shall be leased or purchased directors. as aforesaid, all the affairs of the company shall be managed by eleven directors, to be chosen by the stockholders annually at such time and place, in such manner, and upon such notice as by the by-laws of said company may be directed, who shall serve for one year, and until others are chosen in their stead; and the said directors shall from time to time elect a president from their body, and shall

Objects of incorporation.

What property may be held.

Limitation.

also elect and employ such other officers as they may deem necessary, and make all such by-laws, rules, and regulations, as they may think proper, for the regulation and government of said association, for admission to their exhibitions, and for the purpose of maintaining order and preventing disturbance at the meetings thereof, shall have police jurisdiction within one mile of the boundaries of said grounds, and it shall be the duty of said directors to suppress the sale of ardent spirits, and to prohibit gambling, or any breach of the peace or laws of the state.

7. And be it enacted, That the objects of said association shall be to improve the condition and breed of horses and cattle, and also to improve the agricultural, horticultural, and manufacturing interests of the state; and for carrying out the objects of this act, said association may hold one or more meetings upon their grounds in each year, for the exhibition of such animals, and of such agricultural and other articles as the directors, or a majority of them, may deem proper, and may, at such meetings and exhibitions, test the speed, and other desirable qualities of horses, mules, and other stock, and may offer and give such premiums as a majority of the directors may agree upon, for superiority in the objects sought for, such premiums, however, not to exceed the surplus net revenue of the associa tion in any one fiscal year; and said association shall have power to let, rent, or lease unto any agricultural, or other society, organized for the purposes contemplated in this act, the grounds and improvements belonging to said association.

8. And be it enacted, That for the purpose of further carrying out the provisions of this act, said association shall be allowed to purchase in the manner aforesaid, and to hold such real estate, and shall be allowed to purchase and hold such personal estate as may be necessary for the purposes of said association.

9. And be it enacted, That this act shall take effect immediately, and shall continue in force for thirty years. Approved Feb. 16, 1859.

CHAPTER VII.

AN ACT to change the names of Thomas Jehu and Ann Jehu, his wife, of the city of Newark, county of Essex.

Name of
Thomas and

changed.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the name of Thomas Jehu, of Ann Jehu the city of Newark, in the county of Essex, be changed to Thomas Jehu Pritchard, and the name of Ann Jehu, his wife, be changed to Ann Pritchard; and that henceforth all business and other transactions had by or with the said Thomas and Ann, or by or with either of them, shall be in the name or names given them respectively by this act; and that by such names they shall respectively be known, in as full a manner as if the name of Pritchard had always been the surname of the said Thomas; provided, nevertheless, Proviso. that nothing in this act contained shall in any manner affect any matter, thing, or transaction heretofore had by or with, in favor of or adverse to, the said Thomas and Ann, or either of them.

Approved February 17, 1859.

Company authorized to increase capital stock.

Proviso.

Part of

former act repealed.

CHAPTER VIII.

AN ACT to amend the act entitled "An act to incorporate the Jersey City Insurance Company," approved February tenth, eighteen hundred and forty-seven.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the directors of the Jersey City Insurance Company are hereby empowered to increase the capital stock of said company, from time to time, to any amount not exceeding two hundred and fifty thousand dollars; provided, such increase of capital is paid in and invested in the manner provided for the payment and investment of said company's capital in the act to which this is a supplement.

2. And be it enacted, That so much of the act to which this is a supplement as limits the duration of the said company to twenty years, is hereby repealed, but the legislature may at any time alter, repeal, or amend this act, or the one to which this is a supplement.

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

Approved February 17, 1859.

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