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Corporate Titles.

Laws.

Abstract of Acts.

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NEWARK & BLOOMFIELD.

1852, p. 467 Act of incorporation, March 26.
1853, p. 176 Authorizes branch road and bridge, Feb. 24.
1854, p. 100 Time for completion of road extended, Fob. 10.
1855, p. 217 Supplement to act of incorporation, Meh. 15.

1859, p. 168 Time for completion of road extended, Mch. 8. *NEWARK SPRINGFIELD

1853, p. 189 Act of incorporation, Feb. 25.

1859, p. 80 Revives act of incorporation, March 1 *New EGYPT & HighTSTOWN.. 1853, p. 122 Act of incorporation, Feb. 18.

1853, p. 489 Authorizes Camden & Amboy RR. Co. to sub

scribe for stock, Feb. 18. 1853, p. 489 Authorizes Camden & Amboy RR. Co. to sub

scribe for stock, Feb. 18. *New EGYPT & NEWTOWN

1853, p. 93 Act of incorporation, Feb. 17. New JERSEY

1832, p. 50 Act of incorporation, March 7.
1837, p. 63 Supplement to act of incorporation, Nov. 11.
1837, p. 64 Acceptance of act of 1837 filed, Deceinber 2.
1810, p. 65 Joint resolution as to decision of Supremo

Court, Feb. 29.
1842, p. 66 Joint resolution as to duties and taxes, Mch. 4.
1846, p. 66 As to tax and transit duties, April 18.
1846, p. 68 Acceptance of act filed, May 4.
1818, p. 69 Share capital may be increased. Feb. 4.

Acceptance of act of 1848 filed, April 20. 1851, p. 322 Authorizes branch road, March 18. 1853, p. 88 Authorizes increase of capital, Feb. 16.

1853, p. 481 Acceptance of act of 1853 filed, April 21. *New JERSEY, Hudson & DELAWARE 1832, p. 389 Act of incorporation, March 8.

1842, p. 69 Extends timo for completion of road. Feb. 22. 1854, p. 45 May construct bridge and issue bon is, Feb. 2.

1856, p. 10 Extends time for construction, Feb. 5. *New York, ELIZABETHTOWN & MOR

1850, p. 34 Act of incorporation, Feb. 6.

1859, p. 534 Supplement to act of incorporation, March 23. NEW YORK & Erie.

1853, p. 480 Makes company liable for damages, etc.,

March 14. 1856, p. 42 Authorizes completion of Paterson & Iludson

RR, Feb. 18. 1857, p. 60 Authorizes company to purchase land and

complete Paterson & Ramapo RR., Feb. 27. NORTHERN

1854, p. 76 Act of incorporation, Feb. 9.
1855, p. 60 Supplement to act of incorporation Feb. 12.
1856, p. 24 Supplement to act of incorporation. Feb. 18.

1858, p. 212 Supplement to act of incorporation, March 5 North & South CAMDEN PASSENGER 1859, p. 327 Act of incorporation, March 15. *ORANGE & HANOVER:....

1837, p. 160 Act of incorporation, Feb. 21. ORANGE & NEWARK HORSE CAR. 1859, p. 297 Act of incorporation, March 15. *PATERSON & HACKENSACK

1850, p. 41 Act of incorporation, Feb. 6. PATERSON & HUDSON

Act of incorporation. 1814, p. 17 Authorizes loans on mortgage for purchase of

iron, January 18. 1856, p. 235 Authorized to sell and purchase lands, Mch. 13

1856, p. 285 Authorized to straighten road, March 14. PATERSON & RAMAPO.

1841, p. 97 Act of incorporation, March 10.
1843, p. 76 Extends time for commencing construction,

Feb. 21.
1844, p. 86 Commissioners authorized to call meeting,

Feb. 15. 1844, p. 136 Relating to construction of former act, Feb 28. 1857, p. 60 Authorizes New York & Erie RR. Co to com

plete railroad, etc., Feb. 27.

1858, p. 37 Authorizes company to issue new bonds, Feb.9. *PEAPACK...

1857, p. 445 Act of incorporation, March 20. *PEAPACK & PLAINFIELD.

1855, p. 531 Act of incorporation, March 30.

1856, p. 81 supplement to act of incorporation, Feb. 29. *Perth AMBOY

1854, p. 62 Act of incorporation, Feb 9.

1837, p. 290 supplement to act of incorporation, March 19. *PERTI AMBOY & BOUNDBROOK 1859, p. 275 Act of incorporation, March 11. *PERTH ANBOY & WOODBRIDGE: 1855, p. 195 Act of incorporution, March 9.

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Corporate Titles.

Laws.

Abstract of Acts.

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*PERTH AMBOY, W'DBRIDE & Ranway 1837, p. 358 Act of incorporation, March 7.

1848, p. 67 Act to revive act of incorporation, Feb. 23.

1859, p. 383 Supplement to act of incorporation. March 15. *Port COLDEN & Morris...

1637, p. 236 Act of incorporation, Feb. 28. *RAHWAY & ELIZABETHPORT:

1837, p. 140 Act of incorporation, Feb. 16. RARITAN & DELAWARE BAY

1854, p. 214 Act of incorporation, March 3.
1854, p 230 Authorizes Company to borrow money, Mch. 17.
1855, p. 753 Supplement to act of incorporation, April 6.

1858, p. 470 Supplement to act of incorporation, Mch. 18. *Ringw00) VALLEY

1854, p. 307 Act of incorporation, March 9. *Rocky HILL

1853, p. 104 Act of incorporation, Feb. 17. *SALEM

1836, p. 267 Act of incorporation, March 14.

1859, p. 221 Supplement to act of incorporation, March 9. *SALEM & DELAWARE.

1850, p. 117 Act of incorporation, Feb. 22. SOSUERVILLE & Easton.

18-17, p. 128 Act of incorporation, Feb. 26.
1849, p. 90 Supplement to act of incorporation, Feb. 22.
1854, p. 524 Authorizes construction of harves, Mch. 17.

1859, p 621 Relating to arrearages, March 23 *SOMERVILLE & New BRUNSWICK: 1850, p. 20 Act of incorporation, Feb. 20.

1852, p. 117 Time fixed for completing road, March. 4. *South CAMEN.

1853, p. 287 Act of incorporation, March 5. *SPATA MANUFACTURING COMPANY 1854, p. 153 Authorized to construct a railroad, Feb. 28. *SPRINGFIELD & ELIZABETH

1837, p. 341 Act of incorporation, March 6. *SPRUCE Run

1855, p. 251 Act of incorporation, March 15. SUSSEX

1953, p. 53 Act of incorporation, Feb. 5.
1851, p. 412 Authorizes construction of branch road, Mch 16.

1857, p. 558 Time for completing road extended, March 21. *Sussex Mixe.

1848, p. 203 Act of incorporation, March 9.
1851, p. 386 May extend road and issue bonds, March 13.

1853, p. 53 Name changed to Sussex RR. Co., Feb. 5. *Sussex & WARREN

1851, p. 73 Act of incorporation, Feb. 21.
1853, p. 20 Authorizes extension of road, Jan. 27.
1855, p. 30 Further supplement to charter, Feb. 9.
1836, p. 373 Relative to time for completing road, Mch. 15.
1859, p. 155 Further supplement to act of incorporation,

March 8.
Trenton Horse

1859, p. 266 Act of incorporation, March 9, WARREN

5 Act of incorporation, Feb. 12. 1855, p. 447 Supplement to charter, March 27.

1857, p. 184 Supplement to charter, March 11. WASHINGTON & RARITAN

1859, p. 516 Act of incorporation, March 18. WEST JERSEY.......

1853, p. 39 Act of incorporation, Feb. 5.

1857, p. 227 Supplement to act of 1853, March 16. *WEST JERSEY CENTRAL

1859, p. 442 Act to incorporate, March 16. * WOODSTOWN & BRIDGETON... 1836, p. 270 Act of incorporation, March 7. *WOODSTOWN & PENNSGROVE.... 1845, p. 238 Act of incorporation, March 9. *Zinc MINES

1853, p. 162 \Act of incorporation, Feb. 24.

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SUPPLEMENT-LAWS OF 1860.

Corporate Titles of Companies.

Date.

Abstract of Acts.

BELLEVILLE..
BELVIDERE & BRIDGEVILLE.
FREEHOLD & JAMESBURG
HACKENSACK & NEW YORK.
HOBOKEN & WEEHAWKEN.
JERSEY CITY & BERGEN...
MENDHAM & CHESTER.
MILLEVILLE & GLASSBORO'.
NEW YORK & ERIE:
NORTHERN

Jan'y 31 Further supplement to act of incorporation.
Jan'y 31 Supplement to act of incorporation.
Jan'y 31 Further supplement to act of incorporation.
March 7 Further supplement to act of incorporation.
March 7 Supplement to act of incorporation.

March 7 Suppl ont to act of incorporation.
March 7 Act of incorporation.
March 7 Further supplement to act of incorporation.
March 7 Act to facilitate foreclosure of mortgages.
Jan'y 31 Further supplement to act of incorporation.
March 7 Further supplement to act of incorporation.
March 7 Act to revive act of incorporation.
Jan'y 31 Supplement to act of incorporation.
Jan'y 31 Further supplement to act of incorporation.
March 71 Further supplement to act of incorporation.

Rocky Hill (& Transp.).
SOMERVILLE & Easton.
SUSSEX Mixe.
WEST JERSEY

DELAWARE AND RARITAN CANAL,

(See Camden and Amboy Railroad, etc.)

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MORRIS CANAL.
(Financial year ending 29th February, 1860.)

Board of DIRECTORS AND OFFICERS, 1860–61.
Class No 1-Expires 1861.

Class No. 3—(Continued).
Wm. W. Marsh.Schooley's Mountain, N. J. Fred. T. Frelinghuysen....Newark, N. J
William Dickey.

Paterson, Henry R. Shotwell........Rahway, Cornelius Stewart.....Changewater,

Class No. 4Expires 1864
Class No. 2Expires in 1862. Mark Devine. ..Philadelphia, Pa.
John Marsh..

Wendham, N. J. Levi Dickson...
J. B. Varnum.
.New York, N. Y. John H. Redfield....

.....Nero York, N. Y. Asa Whitney. ..Philadelphia, Pa. Thomas N. McCarter......Newton, N. J. Coffin Colket..

James Keene.... ... Philadelphia, Pa. Samuel Hart.

Class No. 5Expires 1865. Class No. 3Expires 1863. Ebenezer B. Woodruff. Morristown, N. J. William H. Talcott.....Jersey City, N. J. Isaac V. Williamson....Philadelphia, Pa. Isaac W. Scudder.

John D. Ward... ..Jersey City, N. J. William Wright...........Newark, “ Go. W. South..... Burlington, EPHRAIM Marsh, President.

.Scirooley's Mountain, N. Y. William H. Talcott,Superintendent and Engineer. .....Jersey City, N. Y. PRINCIPAL OFFICE....

.JERSEY City, Hudson Co., N.J. LENGTH OF CANAL-Jersey City to Phillipsburg..

101 miles. The Morris Canal and Banking Company was chartered on the 31st December, 1824, with authority to construct a canal from the Delaware river to Newark, N. J. By an act passed on the 26th January, 1828, it was authorized to extend the canal to Jersey City. The work of construction was commenced in July, 1825, and completed, between the Delaware and Newark, 90 miles, in August, 1831; and subsequently to Jersey City, 11 miles.

The original dimensions of the canal were, width at top, 31, and at bottom, 20 feet; depth, 4 feet; locks, 75 by 9 feet-competent to pass boats of 25 tons burden.

The centre of the summit level, near Stanhope, is 51 miles from tide-water at Newark, and 39 miles from the Delaware river, and is elevated above the former 914 feet, and above the latter 760 feet. To pass boats over this elevation, 23 inclined planes and 23 lift locks are employed, distributed as follows Planes E of summit.. 12; lift. 758 feet. | Planes W of summit.. 11; lift. 691 feet Locks

16;
156

7;

69 " making a total ascent and descent of 1,674 feet.

During the years 1840 and 1811, the lift locks were enlarged to 98 by 12 feet. Immediately after the locks were enlarged, the company failed, and its effects were placed in the hands of receivers, by whom the canal was leased for a small annual rent until the close of the season of 1844. In October of that year, the canal, its appendages, and the franchises of the company were sold to foreclose a mortgage, under a decree of the Court of Chancery. The purchasers and their associates l'e-organized under the name of the “Morris

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Canal and Banking Company of 1814,” and issued stock to the full amount ($1,000,000) authorized by the charter. On the 17th of April, 1845, $500,000 in 6 per cent bonds were issued. The new company commenced the improvernent of the canal early the same year, and enlarged it from 32 to 40 feet at top, and from 20 to 25 feet at bottom. With these improvements it was opened for business in April, 1845, with a capacity to pass boats of about 65 tons. The cost of these works involved the company again in embarassment. To pay off its debts and provide means for further improvements, the Legislature, on the 9th February, 1819, passed an act authorizing the company to issue Preferred Stock, bearing 10 per cent. interest. This class of stock, at the present time, amounts to $1,175,000. The law under which the Preferred Stock was issued was accepted by the stockholders on the 18th May, 1849. In 1850 the Canal was opened with five feet water on all the levels, and in 1851, the section between Newark and Jersey City having been re-constructed, the entire line was opened in its enlarged capacity. SHARE CAPITAL-Authorized and paid in, $2,200,000, in 22,000 $100 shares,

namely: Common, $4,000; Consolidation, $1,021,000; Preferred, $1,175,000.

Upon the sale of the Canal in 1844, its cost to the purchasers was represented by 41,000 shares of stock, on which $25 per share was paid." In 1819 an act was passed authorising the consolidation of the stock into full paid shares of $100 each. At the date of the last annual report all the stock had been consolidated with the exception of 40 shares. By the same act the Company was authorized to issue 11,750 shares of 10 per cent. Preferred Stock-all of which has been issued. Dividends have been regularly paid on the Preferred Stock. In 1857 a dividend of 10 per cent. in mortgage bonds was paid on the Consolidated Stock : in 1858 14 per cent., and in 1859 4 per cent. in cash were paid.

FUNDED DEBT-$ 195,250: classitied as follows1st Mortgage, 6 per cent., bonds..

-$465,500 --dated 1st October, 1856, and payable, principal in 20 years, and interest semi-annually, 1st April and 1st October, at Company's office, Jersey City. Mortgage, 7 per cent., bonds

-$250 INCOME ACCOUNT FOR THE YEAR ENDING 29ru FEBRUARY, 1860. Incoine

Expenses-
$297,715 Repairs canal and works..
7,823 | Operating canal.......

45,473 Salaries, office, law, and traveling ex

23.903 Transportation expenses. Balance-Profit of the business. . 167.903

874,754

Tolls Rents

penses.

3,505

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Total
$305,538 Total...

$305,538 GENERAL StatemeNT FOR THE YEAR ENDING 29ru FEBRUARY, 1860. Dr.

Cr. Cost of canal and appurtenances. $2,752,774 | Common stock..

$4,000 Cash.. 11,886 Consolidated stock.

1,021,000 Bills receivable. 5,305 | Preferred

1,175,000 Individual accounts. 24,596 | Six per cent. bonds.

495,000 Materials .. 11,128 | Seven

250 Mortgigo (on office promises).

5,000 Bills payable.

86,843 Individual accounts.

5,567 Dividends.

6,292 Profit and loss--surplus.

6,737

per cont.

Total....

$2,805,689

Total..

$2,805,689

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PROFIT AND Loss Account, 29th FEBRUARY, 1860. Dr.

Cr. Expenses and repairs...

$137,635 | Balance at credit, February 18, 1859.. $19,019 Dividends

Income from the business...

305,536 Preferred stock. August, 1859. 56,540 | Premium on preferred stock sold.. 8,159 Feb., 1560

58,750 Consolida'd August, 1859.

20,500 Feb., 1860.

20,500 Interest on mortgage bonds, April, '59. 13,980

Oct., '59.

14,520 Depreciation of boats, horses, etc..... 2,774 Discount on bonds sold..

779 Balance

6,737

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Total.

$332,715

Total.

$332,715

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Cost of Year. Canal. 1845.. $1,317,300 1846.. 1,116,554 1847.. 1,500,398 1848... 1,500,398 1849.. 1,500,393 1850.. 1,500,398 1851.. 2,000,000 1952.. 2,000,000 1853.. 2,221,372 1854.. 2,256,654 1855.. 2,320,198 1856.. 2,402,355 1857.. 2.506,5:29 1858.. 2,603,296 1859.. 2,752,774

Mile- -Freight in Tons. Gross Operating Earnings, --Div.-age.

Coal. Total. Earnings. Expenses. less exp. Amount. p. c. 101 28,221 58,259 $18,997 $20,037 Loss nil. nil. 101 47,947 109,505 56,019 36,941 101 67.068 155,559 73,264 82,146 101 89,879 204,682 65,531 46,043 $19,488 101 114,017 231,305 100,418 60,035 40,383 101 104,324 239,682 109,173 63,239 45,934 $8,034 10 101 148.262 281,707 116,297 52,012 64,285 42,326 10 101 190,277 358,797 143,690 59,961 83,729 59,159 10 101 235,805 467,288 183,907

92,057

96,850 66,390 10 101 281,506 543,269 246,615 103,203 142,412 73,075 10 101 299,682 553,204 278,633 96,862 181,776 76,400 10 101 311,929 563,386 313,026 113,868 199,158 76,400 10 101 298,011 536,362 286,668 120,118 166,432 86,466 10 101 356,297 554,034 275,019 132,370 142,649 103,695 10 101 365,861 638,019 312,703 146,177 166,526 103,695 10

15 yrs. 29,798,624 1,515 2,942,086 5,498,058 2,584,965 1,276,069 1,308,896 695,640 Aver 1,981,575 101 196,139 366,537 172,331 85,071 87,260 46,376

69 The dividends as above giver are those paid on the Preferred Stock. In addition to these, four dividends have been paid on the Consolidated Stock, viz.: one of 10 per cent. in bonds in 1857 ; one of 11 per cent. in 1858, and two of 2 per cent. each in 1859.

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