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AN Act to incorporate the Union Fire Company of Crosswicks.
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Stacy Taylor, Simeon Hanold, Benjamin Davis, Josiah Buzby, Reuben Maps, Jr., Nathan F. Hendrickson, Barton Thorn, B. Rush. Duer, William DeCou, John Lucas, and all persons, not exceeding one hundred in number, as now are, or hereafter shall become associates of the Union Fire Company of Crosswicks, be, and they are hereby constituted and declared to be a body corporate and politic, in fact and in law, by the name of “the Union Fire Company of Crosswicks,” and that they and their successors may make, enter into, and execute any lawful contracts or agreements touching or concerning the objects of said incorporation.
2. And be it enacted, That the capital stock of the said company shall not exceed the sum of four thousand dollars, which shall be applied to the purchase and holding of real estate; to the procuring, maintaining and repairing such fire engines, hose carriages, hose, ladders, buckets, fire hooks, engine houses, or other property, and such implements and machines, and to such other incidental expenses as shall to the said company appear best calculated to secure the property of their fellow citizens from injury or destruction by fire.
8. And be it enacted, That the said company shall have power to elect annually, or oftener if necessary, a president out of their own body, and such other officers and assistants as they shall deem necessary for conducting their affairs according to their constitution and by-laws; and that he shall keep in his custody the common seal of the said company, and at the expiration of his term of office, shall deliver it over to his successor.
Names of corporators.
Amount of capital stock.
Annual election of offlcers.
.# 4. And be it enacted, That the first forty acting members jo" enrolled in this company, shall be exempt from serving as jurors in any of the courts of this state. 5. And be it enacted, That this act shall take effect immediately.
AN ACT to incorporate the Standard Mutual Life Insurance Company.
... 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That William Pennington, Thomas H. Herring, Joseph N. Tuttle, Daniel C. Whitman, Daniel Haines, Gabriel Grant, Richard Hall, James Tucker, Charles L. C. Gifford, Caleb S. Titsworth, Adolphus W. Waldron, Charles T. Gray, William Dunn, E. Newton Miller, David C. Dodd, Jr., Edgar G. Smith, and others, their associates, successors, and assigns, shall be and are hereby ordained, constituted, and declared to be a body politic and corporate, for the purpose of life insurance, and by the name of “The Standard Mutual Life Insurance Company,” to be located in Newark, in this state, and by that name to sue and be sued, to plead and be impleaded, in all courts of justice, and to have and to use a common seal, and the same to alter and change at pleasure; and also by that name shall be and hereby are empowered to purchase, hold, possess,
and enjoy to themselves and their successors, any estate,
Persons insuring to beconne ineralbers.
Election of directors.
Corporation may insure lives,
place as a majority of the directors may previously desig.
shall pay the same to the treasurer for the time being within sixty days after such notification; and in default thereof shall forfeit all right or claim to any policy or privilege that he may have obtained, and be no longer a member of the corporation, and shall be liable for the amount of such assessment, with interest, to be recovered by action of debt, with costs of suit, before any court of competent jurisdiction. 4. And be it enacted, That it shall be lawful for any married woman, in her own name, or in the name of any third person as trustee, to cause to be insured the life of her husband for any given period, or for the term , of his natural life, and in case of her surviving her husband, the sum or net amount of insurance shall be payable to her for her sole use and benefit, free from any claims of either or any of the creditors or representatives of her husband; and in case of the death of the wife before the decease of her husband, the amount of the insurance may be made payable, after her death, to her child or children, for his, her, or their benefit, or their guardian or guardians, if under age; provided, that this section shall not apply to insurance' where the annual premium shall exceed the sum of one hundred and fifty dollars, unless paid from the private property of the wife. 5. And be it enacted, That the directors for the time being, or a majority of them, shall have power to make and prescribe such by-laws, rules, and regulations as to them shall appear needful and proper for the management and disposition of the stock, property, estate, and effects of the corporation, and in all such matters as appertain to the government of said corporation and the transaction of its business; and shall have power to appoint an actuary and *such other additional clerks and servants for carrying on the business of said corporation as they may select, with such allowance as to them shall appear just and satisfac. tory; provided, that such by-laws, rules, and regulations shall not be repugnant to the constitution or laws of this state or of the United States.
Married women may insure life of husband.
Duties and powers of directors.