or their legal representatives, at such time and in such manner as said directors deem expedient. 11. And be it enacted, That this act shall take effect immediately. Approved February 18, 1874. CHAPTER LIX. An act to incorporate "The Mechanics' Hall Association of corporators name and 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Nicholas G. Vreeland, Henry N. Names of Van Wagenen, Garrett Vreeland, senior, John V. B. Vreeland, Hartman Van Wagenen, Lewis H. Broome, William D. Daly and such other persons as now are or may hereafter be associated with them, their successors or assigns, be and they are hereby constituted and declared a body corporate and politic, in fact and in law, by the name of the "Mechanics' Corporate Hall Association of Jersey City," and by that name shall be powers. able and capable in law to acquire, purchase, receive, have, hold and enjoy any lands, real estate, tenements and hereditaments, and to erect or maintain thereon a hall and other improvements for the use of societies, lyceums, public meetings, concerts, exhibitions, and stores, and also to acquire or purchase any goods and chattels of whatsoever kind and quality; to sell, convey, demise, mortgage and dispose of the said lands, real estate, tenements, hereditaments, goods and chattels, or any part thereof; to sue and be sued, plead, and be impleaded in courts of justice, law and equity, and to make and use a common seal. building. 2. And be it enacted, That it shall be lawful for said cor- May lease poration to use or to lease and permit to be used such parts hall or of the hall or building or buildings, to be purchased or erected by them, as shall not be used for the purposes as aforesaid, for any purpose or purposes whatsoever not inconsistent with the laws of this state or the provisions of this charter. Capital stock. 3. And be it enacted, That the capital stock of said corporation shall be ten thousand dollars to be divided into shares of twenty-five dollars each, which shall be subscribed and paid at such times, in such manner, in such installments, and upon such notice as the directors of the said corporation by their by-laws or otherwise may direct and appoint, and in case of failure by any stockholder to pay his or her installment at the time and place appointed by the said by-laws for the payment thereof, such stockholder shall at the option of the directors of the said corporation incur a forfeiture of his or her share or shares of stock and of all previous payments thereon for the use of said corporation, and the said association shall not commence operations until at least one hundred shares of said capital stock shall be subscribed and the first installments paid in; and further the said corporation may from time to time as its interests may require, increase the capital stock to any amount not exceeding twenty-five thousand dollars. Govern- 4. And be it enacted, That the government of the said corporation corporation and the management and disposition of its stock, property and concerns shall be vested in seven directors, who shall be elected by the stockholders and who shall be stockholders of the said corporation, yearly, at such time and in such manner as the corporation shall by their bylaws thereof provide, and who shall hold their office for one year, and until others are elected; and that the persons above particularly named as corporators shall be commissioners to open books, and to receive subscriptions for stock, and collect installments thereon until directors of said corporation are elected. ment of in whom vested. elect of ficers. Directors to 5. And be it enacted, That the directors, when elected, shall choose from their own number a president, and shall also elect such other officers as they may deem necessary, and that a majority of said board of directors shall constitute a quorum for the transaction of business, and in case of a vacancy in the said board by death, resignation or otherwise, the vacancy shall be filled in such manner as the bylaws may direct, and that the incorporators named in this act, or a majority of them, shall, as soon as convenient after the passage of this act, call the first meeting for the election. of directors. Capital 6. And be it enacted, That the capital stock of said corstock may poration shall be transferred only in such manner as the be trans ferred. by-laws of said corporation shall direct, and each share of the capital stock shall entitle the holder thereof to one vote at all meetings of the stockholders, either in person or by proxy. 7. And be it enacted, That the said board of directors May make shall have power to make such by-laws, rules and regula- by-laws. tions, not inconsistent with the laws of the United States or of this state, as may be deemed necessary for the management of its affairs, and the same to change from time to time as they may think fit and proper. submit stockhold 8. And be it enacted, That at the annual meeting, the di- Directors to rectors shall submit to the stockholders of said corporation, statement a written statement of the affairs of said corporation, set- of affairs to ting forth a full and complete list of assets and liabilities, ers. which said statement shall be verified by the affidavit of the president; and no dividend shall be paid to the stockholders except only from and out of the surplus profit arising from the business of the corporation. Corporation may be dis 9. And be it enacted, That the said corporation may be dissolved at a general meeting of the stockholders, specially called for that purpose; provided, that the stockholders own- solved. ing at least three-fourths in value of the stock shall concur Proviso. therein, and upon such dissolution, the directors for the time being, or such persons as the said stockholders may appoint, shall be trustees for settling all the affairs of the corporation, collecting and disposing of its property and assets, paying its debts, and dividing the surplus among the stockholders, in proportion to their respective interests in the stock. restrictions 10. And be it enacted, That this act shall take effect im- Act subject mediately, and be subject to the restrictions and liabilities, to certain and possess the general powers contained in the act entitled and liabili"an act concerning corporations," approved February fourteenth, eighteen hundred and forty-six, and the supplements as far as the same are applicable. Approved February 18, 1874. ties. CHAPTER LX. An act to change the name of Mary Jane Henersey, of Burlington County, to Mary Elizabeth Greaves. Preamble. WHEREAS, William Greaves, of Burlington County, has adopted Mary Jane Henersey, of the same county, as his daughter, and both the said William Greaves, and the said Mary Jane Henersey, desire that the name of the said Mary Jane Henersey, may be changed to Mary Elizabeth Greaves, and there being no objection thereto; therefore, 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the name of Mary Jane Henersey, of the county of Burlington, be and is hereby changed to Mary Elizabeth Greaves; and by that name, she shall possess and enjoy all the rights, powers and privileges which she would have possessed and enjoyed had she retained her original name of Mary Jane Henersey. Name changed. 2. And be it enacted, That this act shall take effect immediately. Approved February 18, 1874. Names of CHAPTER LXI. An act to incorporate the Hudson County German Publishing Association. 1. BE IT ENACTED by the Senate and General Assembly of the corporators State of New Jersey, That Edmund F. I Koch, James Gopsill, Richard H. Wilson, John F. Jenne, William Gopsill and their associates, successors and assigns, be and they are hereby created a body politic and corporate by the name of Corporate "The Hudson County German Publishing Association," and powers. by that name shall have power to acquire by gift, grant, de name vise or purchase and hold real and personal property not exceeding in value one hundred thousand dollars, and to convey, mortgage and lease the same, and by their said name shall have power to sue and be sued, plead and be impleaded in all courts and places; to make and use a common seal and alter the same at pleasure, and to make bylaws not inconsistent with the constitution and laws of the United States and this state, for the management of the property, the regulation of the affairs, and the transfer of the stock of the said corporation. corporation 2. And be it enacted, That the general object of said cor- Object of poration is declared to be the publishing of one or more newspapers in the German language, and the conducting of a general printing and publishing business in the county of Hudson in this state. corporation 3. And be it enacted, That the business of said corpora- Business of tion shall be carried on at Jersey City in said county of where to be Hudson. carried on. 4. And be it enacted, That the capital stock of said corpo- capital ration shall be twenty thousand dollars, and may be in-stock. creased from time to time by the board of directors to any sum not exceeding in all one hundred thousand dollars; and the amount of five thousand dollars shall be paid in before the said organization shall be perfected; that said stock shall be divided into shares of fifty dollars each, which shall be subscribed for in such manner, and paid at such time, in such manner in such installments, and upon such notice as the board of directors by their by-laws may direct and appoint, and in case of failure by any stockholder to pay his or her installment or installments, at the time and place appointed by said by-laws for the payment thereof; such stockholder shall at the option of the board of directors of said association incur a forfeiture of his or her share or shares, and of all previous payments thereon, for the benefit and use of said association. stock property 5. And be it enacted, That the capital stock of said asso- Capital ciation shall be deemed personal property, and said shares deemed shall be transferable only on the books of said association, personal in such manner as said by-laws may direct; and that certi- and may be ficates of stock be issued to the stockholders, and that each share of said stock shall entitle the holder thereof to one vote, either in person or by proxy. 6. And be it enacted, That it shall be lawful for said cor transferred |