« PreviousContinue »
Ax act to provide for the assessment and collection of taxes
in the township of Newton, in the county of Sussex, for the
year A. D. eighteen hundred and forty-one.
of Newton, in the county of Sussex, by reason of H-bealth, Preamble.
Sec. 1. BE IT ENACTED by the Council and General As-
Committee hereby authorized and directed to appoint, under their hands,
to appoint some fit person of the said township assessor for the said lown- Assessor. ship, in the stead of the present assessor; and the said committee shall cause the certificate of their appointment to be delivered immediately thereafter to the person so appointed, and shall transmit a copy of said certificate to the clerk of the court of caramon pleas of said county, to be by him filed in his office.
insure, in, or with the said company, shall be deemed and Affairs of in.taken as members of the said corporation, and that the property corporation to and concerns of the said corporation shall be conducted and be managed managed by nine directors, all of whom shall be citizens of by nine direc
this State and shall not hold a like office or agency in any other insurance company, to be chosen by ballot, and from among
the members, io hold their office for one year and until others Time f mode are chosen, end that the election for directors shall be held, on of the annual the first Monday in January in every year, at the office of the election of di.company, or such other place as a majority of the directors rectors.
may previously designate, public notice of which shall be given by the Secretary, iri one or more newspapers, printed in the county, at least two weeks previous to the ime of holding said election, and if any of the said Directors shall die, refuse to serve, or neglect to act, in their said office, for the space of six months successively, then, and in every such case, the reinaining Directors shall have power to fill such vacancy or vacancies until the lime of the next annual election, and in case it should so happen that an election of Directors should not be held on the day, when pursuant to this act, it ought to have been held, the said corporation shall not for that cause be dissolved, but it shall and may be lawful on any other day to hold an election for directors, and until an election for directors shall be held according to the provisions of this section, the following persons
shall be directors, namely : Isaac Dennis, Harvey Hallock, First directors Jacob Armstrong, Archibalil Ayres, John Schmuck, Peter B.
Shafer, Abraham Wildrick, Israel Swayze, and William Lanterman.
Sec. 3. And be it enacted, That it shall and may be lawful for the said corporation to insure their respective dwellinghouses, stores, shops, mills and other buildings, together with household furniture, merchandise and all other personal property against loss or dainage by fire.
Sec. 4. And be it enacted, That the Directors, for the time being, or a majority of them, shall bave power io make such
by-laws, rules and regulations as to them shall appear needful Powers of di. and proper for the management and disposition of the stock, rectors.
property, estate and effects of the said corporation and for all
Sec. 5. And be it enucled, That at the first meeting of the
year, the directors shall choose from among themselves one
Officers to le person for Prezident, who shall continue in office for one year, appointed by and until another shall be appointed in his place. They shall directors. also eleci a Treasurer, and require bim to give bond to the company, for the faithful performance of his duty, for such sum as to them shall appear sufficient and satisfactory.
Sec. 6. Ind be it enacted, That all policies of insurance which shall be made by the said corporation in pursuance of this act, shall be made on such terms and conditions, and for such periods of tine, and confined to such places, as shall be from time to time ordered and prescribed by the by-laws, rules, When funds and regulations of said corporation ; and if at any time it shall of company so happen that there shall be just claims on the corporation for are insuffi. losses sustained 10 a greater amount than they have funds or losses, an ns. stock to discbarge, in such cases the directors for the time being, sessment to shall with all convenient expedition, proceed to assess such de.be made on ficiency, in a ratable proportion on the members of the associ. ation, or their representatives, according to the amount of each member's insurance; which rates or assessment when approved of by a majority of the whole number of directors, and notice in writing be given to each member, or his or her lawful repre. sentative, and each member or his or her representative, so notified, shall pay the same to the Treasurer for the time being, within sixty days after such notification, and in default thereof shall forfeit all right and claim to any policy that may have been obtained and be no longer a member of the association ; and shall also, be liable to a recovery of the amount of such assessment by action of debt with cost of suit before any court of competent jurisdiction.
Sec. 7. And be it enacted, That any one or more of the Directors lo Directors, after the passage of this act shall bave power to call call meetings. a meeting of all the directors named herein, by giving notice in one or more of the newspapers printed in the county at least ten days before said meeting.
Sec. 8. And be it enacted, That no part of the funds of the Not to engage company shall be used for bauking or for any other purpose in Banking. not indicated by this act.
Sec. 9. And be it enacted, That this act shall be and continue in force thirty years from the passage thereof, unless Limitation of sooner repealed, and it shall be lawful for the Legislature, at act. any time hereafter, lo ameod, modify or repeal the same.
Passed November 9, 1841.