Capital stock.

Business by whom and

duct the business of manufacturing boots and shoes and whatever else shall be necessary to carry on said business, and may buy and sell boots and shoes, leather and all kinds of materials used in the manufacture of boots and shoes; and shall have power to agree for and purchase so much land as shall be deemed necessary and expedient by them in the conduct of their business, and to erect such buildings as shall be required for the use of the said corporation; and shall also have power to purchase, hold, convey, lease, improve, mortgage and otherwise dispose of any lands, tenements, hereditaments, goods and chattels whatsoever, and do all other acts and things necessary or proper to effect the object of the said corporation.

2. And be it enacted, That the capital stock of said company shall be five thousand dollars, with the power to increase the same from time to time by a vote of the board of directors, to any sum not exceeding twenty-five thousand dollars, to be divided into shares of one hundred dollars each, which shall be deemed personal property, and transferable in such manner as the by-laws of said company may direct, each stockholder to be entitled to one vote in person; and the said company may organize and commence business whenever twenty per centum of the capital stock shall be subscribed and paid in; all stock subscribed shall be paid in at such times and upon such notice as the board of directors of said company may direct.

3. And be it enacted, That the business of the said comwhere to be pany shall be carried on in the township of Landis, county carried on. of Cumberland, and state of New Jersey, and managed by the president, secretary, treasurer, and two business managers, who together shall constitute a board of directors, all of whom shall be stockholders, and residents of this state; the president, secretary and treasurer shall hold their offi. ces for six months and until others are elected in their stead; the business managers shall be appointed by the stockholders and hold their office during the pleasure of the same; the election of president, secretary and treasurer shall be held semi-annually, at such time and place and upon such notice as the by-laws may direct; the said board of directors shall have power to appoint such other officers and agents as they shall deem necessary.

Corpora

tion not dissoived if

4. And be it enacted, That in case an election of directors should not be held upon the day when pursuant to the by

held.

laws of said company it ought to have been held, the corpo- election not ration shall not be deemed dissolved, but the stockholders may proceed to hold an election on any other day, ten days' notice of the time and place of said election having first been given in some newspaper published in the village of Vineland, in said county of Cumberland.

5. And be it enacted, That the stockholders of said com- May make by-laws,&c. pany shall have the power to make by-laws for its government not inconsistent with the laws of this state or of the United States; and that the directors of said company shall have power to declare stock forfeited and all previous payments made thereon, in case of non-payment of installments when duly called for if they deem it expedient, and to make such dividends as the profits, plans and rules of the company will allow; and the company shall keep proper books of account, in which shall be fairly entered all the transactions of the company, and which shall be open at all reasonable times to the inspection of the stockholders.

row money.

6. And be it enacted, That the said company shall have May borpower to borrow, from time to time, such sum or sums of money as to them may seem advisable, for the carrying out of any of the objects or plans of said corporation, and to secure the same by bond and mortgage or otherwise, with interest not exceeding seven per centum per annum, on their lands, works, property and franchises, and may receive property suitable for its purposes, at a valuation to be agreed upon, in lieu of cash.

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

Approved March 21, 1874.

capital

stock.

CHAPTER CCCXLIII.

A further supplement to an act entitled "An act to incorporate The Elastic Cone Spring Company," approved March fifteenth, one thousand eight hundred and fiftynine.

1. Be it enacted by the Senate and General Assembly of the May reduce State of New Jersey, That the company incorporated by the act to which this is a supplement, which by a former supplement, approved April seventh, one thousand eight hundred and sixty-eight, is named "The New Jersey Car Spring and Rubber Company," may by the action of the directors present at any meeting, upon request of stockholders, or their legal representatives, expressed either by the vote of a majority in interest at a meeting held for the purpose, or in writing, signed by a majority in interest, reduce the capital stock of the company to one hundred thousand dollars; and this act shall take effect immediately.

Approved March 21, 1874.

Names of

CHAPTER CCCXLIV.

An act to incorporate the Hudson County Church Hospital and Home.

1. BE IT ENACTED by the Senate and General Assembly of the corporators State of New Jersey, That Richard M. Abercrombie, Spencer M. Rice, Fernando C. Putnam, Nelson S. Rulison, John F. Butterworth, George F. Gray, Reuben W. Howes, Henry F. Hartman, John Edgar Johnson, Detlief Lienau, John M. Welsh, Isaac W. Scudder, James Flemming, Blakeley Wilson, John M. Cornelison, Charles J. Appleby, George W.

Edge, Solon Humphreys, Henry Meigs, William W Shippen, Frederick B. Ogden, and their successors are hereby constituted and appointed a body corporate and politic in fact and in name by the name and title of The Hudson County Corporate Church Hospital and Home, and by that name they and their name. successors shall have perpetual succession, power to sue and be sued, plead and be impleaded, answer and be answered unto in all courts and places whatsoever; to make and use a common seal, and the same to change at pleasure; to purchase, lease, take, have, hold, receive and enjoy any lands, tenements, or hereditaments in fee simple or otherwise, and any goods, chattels or property of any description, real or personal, whether acquired by gift, grant, devise, bequest or otherwise, and the same to grant, convey, lease, assign, sell, or otherwise dispose of for the purposes or benefit of said corporation.

2. And be it enacted, That the object of said corporation object of shall be the care, nurture and maintenance of the sick, in- corporation firm, aged and indigent persons, and of orphans, half-orphans, and destitute children; providing for their temporal and spiritual welfare, and the procuring or erecting a suitable building or buildings, or purchasing or leasing the same, to be located in Hudson county, and to be used for the above named purposes.

Affairs of

by whom

3. And be it enacted, That the affairs and management of the property and concerns of said corporation shall be con- corporation ducted by, and the corporate powers granted by this act are managed. hereby vested in, a council of twenty-one residents of Hudson county. The first council shall be composed of the persons named in the first section of this act, and the said council of twenty-one shall have power, from time to time to make and adopt such by-laws, rules, regulations, and other measures for the said corporation, as to them shall seem expedient, and which shall not conflict with the laws or constitution of this state, or of the United States; to appoint one or more superintendents, and such other agents and officers, physicians and surgeons, as shall in their judgment be necessary, or tend to promote the welfare of said institution, and to prescribe their respective duties; and the said council shall have power to fill all vacancies that shall hereafter occur in said council, by a vote of a majority of the remaining members thereof.

4. And be it enacted, That the council shall annually elect Council to

elect of

cers.

Who to have free access.

Proviso.

Council

&c.

by ballot, from among their own number, a president, a vicepresident, a secretary and a treasurer, who shall hold their respective offices for one year and until others are elected in their stead; that six, including the president or vice-president, shall constitute a quorum for the transaction of ordinary business, but for the alienation of any of the real or personal estate of the said corporation, or leasing of any of the real estate thereof, for a longer time than one year, the consent of two-thirds of the members of said council shall be necessary.

5. And be it enacted, That to all patients, the clergyman of such patient's denomination and choice shall have free access daily, for religious instruction and worship, but such privilege shall not be used in opposition to the wishes of the patient, or in such a manner as would, in the opinion of the attending physician or surgeon, disturb other patients or endanger the general tranquility and decorum of the hospi tal; provided, that the regular religious services held in said institution shall be in conformity with the doctrine, discipline and worship of the Protestant Episcopal Church of the United States, and shall be under the superintendence of the bishop of the diocese of said church.

6. And be it enacted, That the council may grant in permay grant petuity on such terms as they may determine, a bed or beds, bed or beds, and a right to send one or more patients to be treated in said hospital, to such person or persons or corporation as shall comply with the terms upon which the said council shall determine such grants shall be made; and such right to use a bed or beds and have one or more patients treated in said hospital shall vest in the grantee or grantees, his or their executors, administrators, successors or assigns forever, and may be devised or donated by the holder of such grant; and such rights shall not be liable or subject to any debt or judgment against the holder thereof, or to be sold under execution or any civil process what

Legislature may alter or repeal this act.

ever.

7. And be it enacted, That the legislature may at any time alter or repeal this act.

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

Approved March 21, 1874.