14. And be it enacted, That this act shall be deemed a public act and shall take effect immediately. Approved March 17, 1870. Names of corporators. Corporate name. Objects. May make bylaws. Proviso May purchase and hold real estate. Restrictions and liabilities. CHAPTER CCXCVI. An Act to incorporate the Saint Patrick's Benevolent Society, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John Mellon, James Cassley, senior, Martin Murphy, Edward McDonough, James Cullin, Michael Crampton, James Brock, Thomas Hardin, James Ganon, Patrick Brock, John Carberry, John Quinn, Martin Berry, Stephen Scully, Dermott Summers, Mallicha Good, Thomas Bannon and such other persons as now are or hereafter shall become members of the same "Saint Patrick's Benevolent Society, Number One," are hereby constituted a body incorporate by the name aforesaid, to have perpetual succession, and to have a common seal. 2. And be it enacted, That the object of this corporation shall be the relief of the sick, the burial of the dead and the protection of the widow and orphan. 3. And be it enacted, That the said corporation shall have power to adopt a code of by-laws for the better management of its finances, general business, election and duty of its officers; provided, that such by-laws shall not be repugnant to or inconsistent with the constitution of the United States or of this state. 4. And be it enacted, That the said corporation may hold real or personal estate, either purchased or devised, not to exceed the amount of twenty thousand dollars. 5. And be it enacted, That the said corporation shall possess all the powers and privileges, and be subject to all the restrictions and liabilities contained in the act entitled "An Act concerning corporations," passed and approved February fourteenth, one thousand eight hundred and forty-six, and the various supplements thereto. 6. And be it enacted, That this act shall take effect immediately. Approved March 17, 1870. CHAPTER CCXCVIII. An Act to enable the North German Lloyd to hold property and transact business in the State of New Jersey. WHEREAS, the North German Lloyd, a corporation chartered Preamble. by the senate of the free and Hanseatic city of Bremen, is carrying on commerce between the United States and Europe, and desires authority to hold property in the state of New Jersey; therefore, and real es 1. BE IT ENACTED by the Senate and General Assembly of May hold land the State of New Jersey, That the said corporation known as tate in this the North German Lloyd is empowered to purchase, hold, state and conmortgage, convey, and otherwise dispose of such property, real and personal, in this state, as the purposes of their business may require, and also to assume and agree to pay such mortgages or liens as shall be on such property. 2. And be it enacted, That this act shall take effect immediately. Approved March 17, 1870. porators. CHAPTER CCXCIX. An Act to incorporate the Paul Wood Paving Company of New Jersey. Names of cor- 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Henry Fredericks, Samuel H. Grey, A. M. Reynolds, John Hood, William C. Shinn, John McGregor, Henry L. Bonsall, Robert Rusling, and Charles Carr, are hereby created a body politic and corporate, under the name of "The Paul Wood Paving Company of New Jersey," and by that name shall be capable of purchasing, holding, using and disposing of such estate, real and personal, as may be necessary to carry out the objects of the incorporation. Corporate name. Amount of capital stock. General pow ers. Election of directors. 2. And be it enacted, That the capital stock of said company shall be one hundred thousand dollars, divided into shares of one hundred dollars each, with the privilege of raising the same to five hundred thousand dollars, and when ten thousand dollars of the said stock shall have been subscribed for, it shall be lawful for the said corporation to organize and carry out the objects of the incorporation. 3. And be it enacted, That said company shall be authorized to carry on the business of street and road paving with wood, stone, concrete, and other materials, to take contracts for such paving, to manufacture and lay patent and other pavemente, to treat wood with improved preservative processes, to buy and hold and use patent rights for the purposes aforesaid, and to transact such business as may be necessary to carry out the objects mentioned. 4. And be it enacted, That the affairs of the company shall be managed by not less than five directors, who shall be elected annually by the stockholders, the first directors to be elected immediately on the completion of the subscription of ten thousand dollars, and all subsequent annual elections to be held on the second Monday in January in each year, but said corporation shall not abate by reason of the election not taking place on said day; vacancies in the board may be filled for the unexpired term by the directors. property in 5. And be it enacted, That said directors shall have May receive power, on behalf of said company, to receive any property, lieu of cash patent or patent rights suitable for the purposes of the com- subscriptions. pany at a valuation to be agreed upon, and in lieu of cash subscriptions. and shall have authority from time to time to open books for further subscriptions until the whole capital stock is taken; and the directors may call on the subscribers for the payment of installments, in such sums and at such times, and under such forfeiture as they may deem expedient. laws. 6. And be it enacted, That the board of directors shall May make bymake such by-laws and appoint such officers as they may think proper to carry out the objects of the incorporation; provided, such by-laws do not conflict with the laws of this state. fice. 7. And be it enacted, That the said directors shall be Principal ofelected by a majority in value of the stock voted either in person or by proxy, and that the principal office of said company shall be at Camden, New Jersey. 8. And be it enacted, That this act shall continue in force Limitation for thirty years, and shall take effect immediately. Approved March 17, 1870. CHAPTER CCC. A further Supplement to "An Act to incorporate the Columbus and Kinkora Railroad Company," approved April second, eighteen hundred and sixty-six. with other 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That it shall and may be lawful for connections the Columbus and Kinkora Railroad Company, incorporated railroads. by an act approved April second, eighteen hundred and sixty-six; to make connections with the Pemberton and Hightstown railroad at Lewistown and the Pemberton and New York railroad at or near New Lisbon, all in Burlington county; in May issue bonds. Repealer. Repealer. May lease railroad. Repealer. such way, manner, and upon such conditions, as may be mutually agreed upon by said railroad companies. 2. And be it enacted, That the said company shall have the privilege of issuing bonds at a rate of interest, bearing seven per centum per annum, in lieu of six per centum per annum as specified in the act, to which this is a further supplement; with the further privilege of increasing the number of directors of said company from nine to eleven. 3. And be it enacted, That the several provisos contained in the seventh section of the original act to which this is a further supplement be and the same are hereby repealed. 4. And be it enacted, That the old bed of the Delaware and Atlantic railroad company in the county of Burlington upon which the railroad incorporated by the act and supplements to which this is a further supplement, is authorized to be laid out and constructed is hereby declared to be vacated as a public highway to all intents and purposes, and any previous law constituting the same a public highway is hereby revoked and repealed. 5. And be it enacted, That the said "The Columbus and Kinkora Railroad Company" shall have full power and authority to lease their said railroad with its appendages to any other railroad company incorporated by the laws of this state with which it may connect or intersect upon such terms as may be mutually agreed upon by said companies. 6. And be it enacted, That all acts and parts of acts conflicting with or inconsistent with this supplement be and the same are hereby repealed, and this act shall take effect immediately. Approved March 17, 1870. |