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CHA PTER CV II.

AN ACT to incorporate “the Flower Hill Cemetery Company.”

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That John H. Bonn, Michael Fisher, John Sturges, junior, John I. Earle, Frederick Gerhard, and Andrew Beck, junior, and their associates, and the survivors or survivor of them, their successors and assigns, and all persons who shall become owners of the stock of said company, their successors and assigns shall be and they are hereby created a body politic and corporate, by the name of the Flower Hill Cemetery Company, and by that name shall have perpetual succession, for the purpose of establishing, continuing, and improving a cemetery, or place for the burial of the dead, in the township of North Bergen, in the county of Hudson, in this state; and for that purpose, the said company may purchase and hold lands, not exceeding fifty acres, and inclose, survey, lay out, and divide the same into lots, roads, paths, and avenues, and erect and construct a chapel, vault, sexton's house, and other improvements thereon, and otherwise ornament the same, and sell and dispose of lots therein for the burial of the dead, and make and execute to the purchasers, good and sufficient deeds of conveyance therefor, under the common seal of said company, upon such conditions, limitations, and restrictions, and with such powers and privileges, as may be inserted in said deeds, and subject to such rules and regulations as may be made or provided, by the by-laws of said company.

2. And be it enacted, That the capital stock of said company shall not exceed seventy-five thousand dollars, and shall be applied in purchasing, improving, and ornamenting the lands of said company, and shall be divided into shares of twenty-five dollars each, and shall be subscribed for, and paid in at such time, in such manner, in such instal

Names of corporators.

General powers.

Amount of capital stock.

ments, and upon such notice as the said company by bylaws or otherwise may direct or appoint; and in case of failure by any stockholder to pay his or her instalment or instalments, at the time and place mentioned, and appointed for the payment thereof, such stockholders, if it shall so be provided by the by-laws, shall incur a forfeiture of his or her shares, and all previous payments to the use of said company. on 3. And be it enacted, That the capital stock of said company shall be deemed and considered personal property, and shall be transferable in such way as the by-laws of said company may direct; and that every share of stock shall be entitled to one vote, by the holder or holders thereof, which votes may be given in person or by proxy. to airs. 4. And be it enacted, That the said John H. Bonn, Michael - Fisher, John Sturges, junior, John I. Earle, Frederick Gerhard, and Andrew Beck, junior, and seven others to be chosen by them, shall be and are hereby appointed the first board of directors, to serve until the first Monday in October next, and until others shall be elected in their stead; and the said John H. Bonn shall be the president; and the said Michael Fisher shall be the treasurer; and the said Frederick Gerhard shall be the secretary of said company, until the said first Monday in October next, and until others shall be elected or appointed in their stead, and that the board of directors shall consist of such number as may be prescribed by the by-laws of the company. floo. 5. And be it enacted, That there shall be an annual electors. tion of directors on the first Monday of October next and on the first Monday of October of each year thereafter, at such hour of said day, and such place, and upon such notice as shall be ordained by the by-laws, or otherwise appointed by said company; and the board of directors shall appoint the judge of such elections; but if it should happen that an election of directors should not be held at the time so - appointed for the holding thereof, or at the time appointed for the holding of any subsequent annual election, the said company shall not for that cause be deemed to be dissolved,

but such election shall be held at such other time and place, as the board of directors for the time being shall or may appoint; and the directors for the time being shall continue in office until new ones shall be elected in their stead; and every board of directors, as soon as conveniently may be after their election, shall appoint from their number a president of said company, to serve until the then next annual election of directors, and until another shall be appointed in his stead; that the said president shall preside at all meetings of the board, except in cases of his absence, when any other of the directors present may be chosen president pro tempore; and all stated meetings of the board shall be held at such times and places as the by-laws may ordain; and special meetings may be held by appointment of the board, or upon the call of the president.

6. And be it enacted, That no roads or streets shall hereafter be opened through the lands of said corporation, except by consent of the board of directors, and the burial vaults, lots, and other erections and fixtures in the said cemetery shall not be subject to any assessment, taxes, or fines, or liable to be seized upon, distrained, sold, or otherwise subject to any process of law whatsoever, except for incumbrances existing at or previous to the passage of this act.

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

Approved March 15, 1859.

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Commissioners to receive subscriptions.

Amount of capital stock.

Payment of instalments.

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AN ACT to incorporate the Middletown and Keyport Turnpike Company.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the subscription books of the capital stock of the Middletown and Keyport Turnpike Company shall be opened by Edward Taylor, David Osborn, John B. Story, William Walling, Cornelius Hendrickson, Henry H. Seabrook and David Warner, or a majority, who are hereby appointed to receive subscriptions to said stock, at such times and places as they, or a majority of them, may direct, giving notice thereof, at least twenty days prior to the opening of said books, by publishing the same in at least one newspaper published in the county of Monmouth.

2. And be it enacted, That the capital stock of the said company shall be ten thousand dollars, with the privilege of increasing it to fifteen thousand dollars, and shall be divided into shares of twenty-five dollars each; and that, when two hundred or more shares shall be subscribed for and taken, the persons holding the same shall be and they are hereby incorporated into a company, by the name and style of “The Middletown and Keyport Turnpike Company,” and by that name and style shall have, enjoy and exercise all the rights, powers and privileges appertaining to corporate bodies and necessary to carry the objects of this act into effect.

3. And be it enacted, That, at the time of subscribing for said stock, two dollars shall be paid upon each share subscribed for to the said commissioners or any of them, which money shall be paid over to the treasurer of the company as soon as one shall be appointed; and the residue of said subscription shall be paid in instalments, at such times and places, and to such persons, as the president and directors of the company shall from time to time direct and give

public notice thereof in manner aforesaid; and upon failure
of the payment thereof, as so directed, the president and
directors shall have power to forfeit the shares of each and
every person so failing to pay the said instalments, or any
of them, to and for the use of said company.
4. And be it enacted, That if the number of shares here-
inbefore made necessary for the incorporation of said com-
pany be not subscribed for within three years from the
time of opening the said subscription book, this act, and
all the subscriptions under it, shall be null and void, and
the said commissioners, after deducting thereout the ex-
penses incurred, shall return the residue to the respective
subscribers, or their representatives, in proportion to the
sums paid by them.
5. And be it enacted, That when two hundred shares of
said stock shall be subscribed for, the said commissioners
shall call a meeting of the stockholders, giving at least
twenty days' notice of the time and place of said meeting,
as hereinbefore directed with regard to the opening of said
books, at which meeting the subscription books shall be
laid before the stockholders, who shall thereupon proceed
to elect by ballot five directors, a majority of whom shall
be citizens of this state, to manage the affairs of said com-
pany for one year, of which election the said commissioners,
or a majority of them, shall be judges; and at the expira-
tion of that term, and annually thereafter, upon like notice
being given by the directors for the time being, the said
stockholders shall elect by ballot the same number of
directors, a majority of whom shall be citizens of this state,
as aforesaid; and at every such election, and in all other
cases in which the stockholders shall be entitled to vote, a
vote may be given for each share by the holders thereof,
either in person or by proxy.
6. And be it enacted, That within twenty days after the
election aforesaid, the directors shall elect from their num-
ber a president of the said company, who shall hold his
office for one year and until another shall be elected, and
shall be presiding officer at all meetings of said directors,

Act void if stock is not subscribed for in certain time.

Election of directors.

Election of president.

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