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Company empowered

rate in deed

ance cer

tain clause or condi

tion.

and effect to bind said company to all the covenants and conditions therein contained.

6. And be it enacted, That for the purpose of restricting to incorpo- nuisances, and of compelling a uniform system of improveof convey ments in lands belonging to them, the said company are hereby authorized and invested with full power to incorporate into any deed of conveyance made by them, whether fee simple or otherwise, a clause or condition forbidding the sale upon the premises so conveyed by said company of any spirituous or intoxicating liquors, and forbidding any nuisance which the said company may deem detrimental to the interests and prosperity of said settlement, and to require any grantee of said company to make and maintain such style and character of improvements on said lots so conveyed, or on the streets fronting thereon, as to the said company may seem most expedient for securing a uniform system of development and improvement of their property.

Empow

ered to attach cer

sums.

7. And be it enacted, That for the purpose of enforcing the provisions of the last section, the said company are tain penal hereby authorized and invested with power to attach to said clause to restrict nuisances and regulate improvements a penal sum which said grantee shall forfeit upon any nonfulfillment or non-compliance therewith, and the said sum the said company may recover in any court of record, having competent jurisdiction in actions of debt.

declare diy

Directors to 8. And be it enacted, That the president and directors of idends, &c. the said company shall declare and make such dividends as they may deem prudent and proper, from time to time, out of the profits of said company.

May borrow money, &c.

Proviso.

Corporation how dissolved.

9. And be it enacted, That the said company may borrow such sum or sums of money from time to time, as shall be necessary to carry out the objects of said company, and secure the repayment thereof by the execution and negotiation of any bond or bonds, and may secure any of said bonds by mortgage on the lands, privileges, franchises and appurtenances of and belonging to said company, said bonds bearing not more than seven per centum interest per annum; provided, that the amount shall not exceed the amount of the capital stock actually paid in.

10. And be it enacted, That the said corporation may be dissolved at any time by a general meeting of the stock. holders, specially summoned for that purpose by the presi

dent of said corporation, by the direction of the board of directors or a majority of them; provided, that at least two- Proviso. thirds in value of the stock be represented at said meeting, and upon such dissolution the directors for the time being, or the survivors or survivor of them, shall be trustees for settling all the affairs of said corporation, and dividing the surplus among the stockholders in proportion to their respective interest therein, unless the stockholders at such meeting shall appoint one or more persons for such purpose; in which case the person or persons so appointed shall be trustee or trustees for the purpose aforesaid.

ered to sub

take cer

11. And be it enacted, That the said company shall have Empowpower to subscribe for and take stock in, or purchase the scribe and bonds of, any canal, railroad, turnpike or other highway tain stock. that now is or hereafter may be incorporated or established by the legislature of this state, which shall lead to or pass through any lands that may be owned by the said company; and also that said company may subscribe for or take stock in, or purchase the bonds of any manufacturing, mining or other company that now is or hereafter may be incorporated or established by the laws of this state.

tion not

held.

12. And be it enacted, That in case it shall at any time corporahappen that an election of directors shall not be made on dissolved if the day when pursuant to this act it ought to have been election not made, the said corporation 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 as the directors of said corporation shall direct.

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

Approved March 17, 1874.

Empow

crease capital stock.

CHAPTER CCXVIII.

A supplement to an act entitled "An act to incorporate the
South Mountain and Boston Railroad Company," approved
March eighteenth, one thousand eight hundred and seven-
ty-three.

1. BE IT ENACTED by the Senate and General Assembly of ered to in- the State of New Jersey, That the South Mountain and Boston Railroad Company be and they are hereby authorized to increase the amount of their capital stock and bonded indebtednes, in addition to the capital stock and bonded indebtedness now authorized by the act to which this is a supplement to an amount not exceeding one million two hundred and fifty thousand dollars, from time to time by a vote of a majority of the stockholders, who shall attend for the purpose either in person or by proxy; each share of capital stock entitling the holder thereof to one vote, and that the notice for meetings of stockholders for the purpose of increasing the capital stock and bonded indebtedness of said railroad company, and the manner of voting thereat shall be the same as are now required for the election of directors in the fourth section of the act to which this is is a supplement.

May pur

hold real

estate.

2. And be it enacted, That the said company may purchase and chase, have and hold real estate for the purposes and uses provided for in the eleventh section of the act to which this is a supplement, not exceeding ten acres at any one place; and that this act shall take effect immediately. Approved March 17, 1874.

CHAPTER CCXIX.

A further supplement to the act entitled "An act to incorporate the Warren Foundry and Machine Company," approved March third, anno domini one thousand eight hundred and fifty-six.

crease cap

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That "The Warren Foundry and EmpowerMachine Company" be and they are hereby authorized to ed increase their capital stock from time to time as the board ital stock. of directors may determine, to any sum not exceeding three hundred thousand dollars, and the shares of the capital stock of said company shall be twenty-five dollars each.

2. And be it enacted, That the said corporation may pur- May purchase, use, hold, possess and enjoy such additional real es- chase and tate as may be necessary or expedient for the purposes of tional real said corporation, not exceeding fifty acres, and may sell, lease, or otherwise dispose of the same at pleasure.

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

Approved March 17, 1874.

estate.

CHAPTER CCXX.

An act to extend, amend, and increase the corporate powers and privileges of the Celluloid Harness Trimming Company.

WHEREAS, the said, "The Celluloid Harness Trimming Com- Preamble. pany," was duly organized by virtue of an act of the legislature of this state, entitled "An act to authorize the es

tablishment, and prescribe the duties of companies for manufacturing and other purposes," approved March second, one thousand eight hundred and forty-nine, with a capital stock of one hundred thousand dollars, by recording the certificate of incorporation required by law, in the clerk's office of the county of Sussex, on the fourteenth day of January, one thousand eight hundred and seventy. three, and by filing the same in the office of the secretary of state, of this state, on the twenty-third day of January, one thousand eight hundred and seventy-three; and whereas, Newton, in the county of Sussex, was designated in said certificate of incorporation, as the place of business of said company; and whereas, an election of directors of said company was held on the tenth day of February, one thousand eight hundred and seventy-three, according to the provisions of said act, and the by-laws adopted by said corporation; and whereas, Thomas Kays, Joseph Coult, Samuel C. Dunn, Jackson Stoll, John Stoll, Martin M. Drake, and Joseph Feder, have been duly elected, and are the present directors of said corporation; and whereas, twenty thousand dollars of the capital stock of said corporation have been paid in; (the six thousand dollars required by said act, within the time required by said act ;) and whereas, the said corporation has no outstanding liabilities or debts; and whereas, it is desirable that the said corporation have its powers and privileges extended, amended and increased; therefore,

1. BE IT ENACTED by the Senate and General Assembly of the Certain act State of New Jersey, That the said act of incorporation of confirmed. the said the Celluloid Harness Trimming Company, and the

ratified and

Business of

by whom

said election of directors thereof, be and the same are hereby ratified and confirmed, and the said, the Celluloid Harness Trimming Company, its stockholders, associates, successors and assigns be, and they are hereby further constituted a body corporate, in fact, and in law, by the said name of the Celluloid Harness Trimming Company, for the purpose of manufacturing and selling Celluloid Harness Trimmings, and articles used therewith, and of carrying on any business incident thereto in this state.

2. And be it enacted, That the business of said corporacorporation tion shall be managed by a board of directors, not less than managed. seven or more than thirteen in number, all of whom shall be stockholders; and said directors shall hold office for one

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