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A SUPPLEMENT to the act entitled “ An Act to incorporate the
Flemington Railroad and Transportation Company," approved February twenty-second, eighteen hundred and fortynine.
1. BE IT ENACTED by the Senate and General Assembly of Time for comthe State of New Jersey, That the time limited by the six-tended. teenth section of the act to which this is a supplement, for the Flemington Railroad and Transportation Company to have their railroad completed and in use, be and the same is hereby extended for the term of six months from and after the fourth day of June, in the year of our Lord eighteen hundred and fifty-four.
WILLIAM C. ALEXANDER,
President of the Senate.
Speaker of the House of Assembly.
RODMAN M. PRICE.
An Act to incorporate the Bordentown Hall Association,
Names of cor porators,
Objects of incorporation.
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Joseph W. Allen, Whitall Stokes, Daniel S. Mershon, Jr., Elisha S. Nevius, George B. Raymond, William Thompson, George W. Thompson, Samuel C. Forker, Peter H. Kester, Clayton Aaronson and William H. Bryan, their successors, and such persons as are now or hereafter may be associated with them, shall be, and hereby are, ordained, constituted and declared, a body politic and corporate in fact and in law, by the name, style, and title of “ The Bordentown Hall Association, New Jersey.”
2. And be it enacted, That the object of said incorporation shall be the erection of a hall, and it shall be lawful for said corporation to use, or to lease, and permit to be used, such parts of the hall, or building or buildings to be erected by them, as shall not be necessary for holding public meetings, for the purpose of carrying on any trade or business therein, not inconsistent with the laws of this state, or the provisions of this charter.
3. And be it enacted, That the capital stock of said association shall not exceed the sum of ten thousand dollars, divided into shares of ten dollars each, said shares to be deemed personal property, transferable in such manner as the by-laws of said incorporation shall direct.
4. And be it enacted, That the government of the said corporation, and the management and disposition of its stock, property and concerns, shall be vested in seven directors, chosen from among the stockholders, in the manner hereinafter directed, who shall hold their office for the term of one year,
and until others are elected ; and in all cases the directors chosen at one election shall be capable of serving, by virtue thereof, until another election shall have been held; and
Amount of capital stock.
Vacancies in board of directors
tion of direc
should any vacancy or vacancies occur during the interval between the annual elections by reason of death, resignation, or otherwise, in such case the remaining directors, or a majority of them, may proceed to choose persons to fill such vacancy or vacancies; the said directors shall appoint from among themselves a president, secretary, and treasurer.
5. And be it enacted, That the election for directors afore- Annual elec said, shall be held annually on the second Tuesday of April, tors. at such place, in the borough of Bordentown, as shall be directed by the by-laws of the said incorporation, and public notice of said election shall be given, not less than five days previous thereto, and each stockholder shall be entitled to as many votes, in person or by proxy, as he, she or they shall hold shares of the capital stock of the said incorporation.
6. And be it enacted, That in case it should at any time Corporation happen that an election should not be held on the day that for failure to pursuant to this act it ought to be held, the said corporation prescribed. shall not for that cause be deemed to be dissolved, but it shall and may be lawful to hold such election, on such other day, in the manner aforesaid, as shall be prescribed by the laws of said corporation; and the following persons shall be commismissioners to open books and receive subscriptions for the capital stock of said corporation, and to call the first meeting of the stockholders for the election of directors, namely, Daniel S. Mershon, Jr., Samuel C. Forker, and Samuel C. Taylor.
7. And be it enacted, That the directors shall at all times Books of ackeep or cause to be kept, proper books of account, in which kept. shall be regularly entered all the transactions of the said corporation, which books shall at all times be open to the inspection of the stockholders or their legal attorney or attorneys; and further, that no transfer of stock shall be valid or effectual until such transfer shall be entered or registered in a book kept by the directors for that purpose. 8. And be it enacted, That whenever the sum of three Payment of
instalments. thousand dollars of the said stock, as aforesaid, is subscribed, and one dollar on each share paid in, the president and directors may purchase a lot or lots of ground, and proceed to erect
count to be