Swine running

at large may

CHAPTER LXIV.

AN ACT to prevent swine from running at large at Paulsborough, in the county of Gloucester.

1. BE IT ENACTED by the Senate and General Assembly of be impounded. the State of New Jersey, That it shall not be lawful, after the passage of this act, for any swine to run at large in or within the following described bounds, viz: beginning at a corner of the lands of Joseph C. Gill and George Fries, in Mantua creek, and thence following the division line between the said parties, the several courses thereof extending the last course across the Clark's land to the centre of the road leading from Billingsport towards Clonmell, thence by the centre of the said road to the centre of the road leading from Berkley to Clonmell, thence along the middle of said road to the line of John Loudenslager's land, thence by his land to low water mark, in Mantua creek aforesaid, thence down the same, the several courses thereof, to the beginning in the township of Greenwich, in the county of Gloucester, and any person may take such swine to the public pound of said township, and they shall be there kept until taken out by the owner, who shall pay for each of said swine so impounded ten cents, of which five cents shall be allowed to the person who takes said swine to the pound, and the rest to the pound keeper; and the pound keeper shall be allowed five cents for each day for each swine kept in said pound.

Bwine may be Bold for nonpayment of charges for impounding.

2. And be it enacted, That if the owner or owners of said swine so impounded, shall not pay the charges of impounding and keeping within five days after such swine shall be impounded, and take the same away, it shall then be the duty of the pound keeper to set up advertisements in five of the most public places in said district, describing such swine, and giving at least ten days' notice of an intended day and place of sale; and if the owner or owners of such swine do not appear and redeem the same before the time so notified, the said pound keeper shall sell said swine accordingly, and out of the money arising from such sale, shall pay the charges

of conveying to the pound, and retain in his hands his fees for impounding, keeping and feeding said swine, and twentyfive cents for advertising sale and collecting the money, for each swine, and return the surplus to the owner or owners of the swine, if they shall appear and claim the same; and if no owner or owners shall appear and claim such surplus within three months after such sale, the same shall be paid to the overseer or overseers of the poor of the township of Greenwich.

7. And be it enacted, That this act shall go into effect immediately.

Approved March 13, 1857.

CHAPTER LXV.

AN ACT to incorporate the Bridgeville Water Power and

Manufacturing Company.

porators.

1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, and it is hereby enacted by the authority of the same, That George Titman, Anthony B. Robeson, Amos H. Drake, Daniel Axford and Jesse Titman, and the survivors of them, and all such persons as may hereafter be associated with them, or the said survivors, their successors and assigns, shall be and they are hereby consti. tuted a body corporate by the name and style of "The Bridgeville Water Power and Manufacturing Company," for the purpose of improving the water power on the Pequest river or creek, in the county of Warren, and for the purpose of manufacturing, dyeing, bleaching and printing wool and cotton, and all goods of which wool or cotton, or other fibrous materials form a part, and all the machinery incident thereto, and for the transaction of all business connected therewith, by the name of "The Bridgeville Water Power

Style of incorporation.

General pow

ers.

Proviso.

Amount of

and Manufacturing Company," to be located in the township
of Oxford, in the county of Warren, and the said company
may build, construct, and erect all and any such mills, facto-
ries, mill-dams and other works, and excavate and make all
and any such raceways and reservoirs, and do all such other
things as may be required or deemed necessary and proper
to carry on such branches of manufacture, and for the im-
provement of the said water power; and the said company
shall have power and authority to raise by subscription a
capital stock of one hundred thousand dollars, with privi-
lege to increase the same to two hundred thousand dollars.
2. And be it enacted, That the said incorporation, by their
said name and style, shall be capable of purchasing, holding
and conveying any lands, tenements, hereditaments, goods and
chattels, wares, and merchandise, whatsoever, nccessary to
the objects of this incorporation, or such other real estate as
the said company may be obliged or deem it for their inter-
est to take, in settlement or payment of any debts due the
said incorporation, and may sue and be sued, plead and be
impleaded, answer and be answered unto, defend and be
defended, in all courts of law and equity whatsoever; and
may have and use a common seal, and make such by-laws for
their regulation and government as they may deem proper;
provided, the same are not inconsistent with the constitution
and laws of the United States and of this state.

3. And be it enacted, That the capital stock of the said capital stock. incorporation shall be divided into shares of fifty dollars each; and as soon as thirty thousand dollars of the said capital stock shall have been subscribed and paid in, in lawful money or current bank notes, and an affidavit thereof shall have been made by a majority of the directors to be chosen in pursuance of this act, and filed in the office of the secretary of state, then it shall and may be lawful for the said corporation to commence the improvement, building, manufacturing and other business authorized by this act, and with that capital to conduct and carry on the same, until the said company shall deem it expedient to extend their capital, which they are authorized to do, from time to time, to the amount mentioned in the first section of this act.

stock.

4. And be it enacted, That the capital stock of this com- Transfers of pany shall be deemed personal estate, and transferable upon the books of the said incorporation in such manner as the by-laws may provide, but no shareholder indebted to the company shall be permitted to make any transfer or receive any dividend until such debt be paid; and whenever any transfer of any shares shall be made for collateral security and not absolutely, the same shall be so expressed in the entry of such transfer, and no part of the said capital stock shall at any time nor under any pretence whatever, be divided among the stockholders for dividends, and no dividend shall be made or paid except from the actual profits of said incorporation.

5. And be it enacted, That George Titman, Anthony B. Robeson, Amos H. Drake, Daniel Axford, and Jesse Titman, or a majority of them, shall be commissioners, whose duty it shall be to open books to receive subscriptions to the capital stock of said company, first giving two weeks' notice in a newspaper circulating in the county of Warren, of the time and place of the opening of such books, and also as soon as thirty thousand dollars of the said stock shall have been subscribed, to give like or written notice for a meeting of the stockholders to choose such directors, officers and agents as may be deemed necessary for conducting the affairs of said company.

Commission

ers to open

books of sub

scription.

directors.

6. And be it enacted, That the property and concerns of Election of the said corporation shall be managed and conducted by five directors, being stockholders, (one of whom shall be president,) who shall hold their office for one year, and until others are chosen; and the said directors shall be chosen on the second Tuesday of January in each year, (after the first election,) at such time and place as shall be directed by the by-laws of the said company, and public notice thereof shall be given two weeks in the newspaper before mentioned; and each stockholder shall be entitled in person or by proxy to one vote on each share of stock held by him or her; and the five persons receiving the greatest number of votes, and being stockholders, shall be directors; and all vacancies occurring by death, resignation or otherwise, among the

Payment of installments.

Provise.

Books of account to be kept.

Annual statement to be made.

Corporation

not dissolved

elect on day

prescribed.

directors chosen as above, shall be filled by such person or persons as a majority of the remainder of the directors shall appoint; and a majority of the directors shall be a quorum for transacting the business of the said incorporation.

7. And be it enacted, That the books of subscription to the said capital stock shall be opened thereafter under the direction of the board of directors, and subject to such rules and conditions as they may prescribe; and it shall be lawful for the directors or a majority of them, from time to time, to call for and demand from the stockholders respectively, all such sums of money by them subscribed, at such time and in such proportions or installments as they shall deem proper; provided, that no single installment be more than five dollars on each share, nor any installment be called for oftener than once a month, under the penalty of forfeiture of their respective shares, and all previous payments made thereon, to the said corporation, always giving at least thirty days' notice of such call and demand in the newspaper before mentioned.

8. And be it enacted, That the directors shall at all times keep or cause to be kept at their principal manufactory, proper books of accounts, in which shall be regularly entered all the dealings and transactions of the said corporation, which books shall at all business hours be subject to the inspection of the stockholders of the said company.

9. And be it enacted, That on the first Tuesday in January in each year, the directors shall submit to the stockholders a written statement of the capital stock paid in, and the amount of all existing debts against the company; and the debts of said corporation shall at no time be suffered to exceed the amount of the capital stock actually paid in.

10. And be it enacted, That in case it should at any time for failure to happen that an election of directors should not be made on the day designated by this act, the said corporation shall not for that cause be deemed to be dissolved, but it shall be lawful to hold such election on some other future day.

Restrictions

and liabilities.

11. And be it enacted, That the corporation hereby created, shall possess and enjoy the general powers and privileges, and be subject to the general restrictions and liabilities