The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1873-04-30
INK AUTHORITY
LAWS OF NEW JERSEY,
CHAPTER ccocxuI.

RAILROAD CORPORATION AND REG ULATE THE
4 BE enacted by the Senate and General Assembly
State of New Jersey That any number Of persons
pose q constructing maintaining and operating rail-
road for public use In the persons pro-
rsirosd srsady or hs
ke public use and e! that purpose may make and sign
ofthe eompany the number Of years the same = to COM
tnue; the places from and 10 which the road Il to Be
as a. ' and Ss y can
in this state through or into which made, intended
to bs made the amount Of the capital stock OF the
pany which shall not be less than thousand dollars
Tor every mile OF road constructed proposed to be
sruetd and the number of shares of which said capital
stock shall consist aud the and places OF resince
OF thirteen directors Of the company majority of whom
fairs FOR the first year and until others aro Chosen in
their places each subscriber TO such articles of assocIa-
lion 81, shall subscribe thereto his name place Of residence
said on compliance with the provisions Of the
ny section such atisles Of association may ss filed IN
thereon the day they fled and record the
ooos 70 be provided by him for that purpose and upon
filed the persons who have subscribed such articles Of
association and all persons who shall become stockhold-
peci ID in such articles Of association every corporation
formed under this act in addition to the general powers
set forth in an act entitled An act concerning corpora
TONS approved February fourteenth eighteen hundred
and fortysix and the several supplements thereto shall
have power;
To such examination and surveys for its pro-
posed railroad to be made may be necessary 10 ti
pose by its officers and servants enter upon the
or waters Of any but subject to responsibility for
H. To take aud hold such voluntary grants OF real
tate and other property shall be made to it. to aid in
the construction mancnapce and accommodation OF Its
railroad but the real estate received voluntary grant
shall be held and used for the purpose of such grant
Ill To purchase hold and use all such real estate or
other property as may be necessary for the construction
and maintenance OF its railroad, and the stations and
other accommodations necessary TO the object
of its Incorporation;
truct the same and for the purposes cuttings and
bankments to take much more land may be
ary for the proper construction and security for the
Y. To exercise all other powers hereby granted
shall not be flied and recorded In the office OF the
ary of state until at least two thousand dollars of stock
every mile of railroad proposed to be made Is sub
scrbed thereto and ten per paid thereon in good
aith and in cash. to the directors named In said articles
OF association nor until there Is endorsed thereon,
annexed thereto affidavit made by al least five of the
directors named In said articles that the amount OF stock
and ten per cenun paid in cash thereon aforesaid
and that Il Is intended In good aith to construct to
construct to maintain and the mentioned
in such articles of association which affidavit shall be re-
corded with the articles of association as aforesaid
ISOLATION filed and record in pursuance Of This act or
Of the record thereof with copy OF the affidavit afore
to be copy by the secretary Of this state shall be pre-
sumpye evidence fthe incorporation of such company
and OF the facts therein stated.
T. And be enacted That when such articles of
citation and affidavit filed and recorded in the office
81 the OF the the directors said
articles of association may In the whole the capt.
tai stock Is not before subscribed continue to receive
subscriptions until the whole capital stock Is subscribed
at the time of subscribing every subscriber shall pay
the directors ten per centum the subscribed
by him. in money, and no subscriptions shall be received
or taken without such payment.
g. And be IL enacted That there shall be board of
thirteen directors Of every corporation formed under this
act to manage It's affairs said directors shall be chosen
annually by majority Of the Of the Stockholders
voting ut such election in such may be pre-
scribed in the bylaws of the corporation and they may
and shall continue to be directors until others elected
10 their places IN the election Of directors each stock
holder shall he entitled TO one vote for each share Of
stock held by him; vacancies In the board of directors
sia BE- filed In such manner shall be prescribed by
the bylaws Of the corporations the inspectors of the first
election of directors shall he appointed by the board Of
drectors named in the articles Of associations person
shall be director unless he shall bc stockholder
ing stock absolutely In his own right and qualified to
vote for directors at the election at which he shall be
chosen at every election of directors the books and pa
pers Of such company shall he exhibited to the meeting
provided majority Of the stockholders present shall
quire IT,
g. And he 1t enacted That the directors shall appoint
one of their number presidents; they may also appoint
absh and DIX such salaries to them md to lie president
be Ths 'n e arseors y REQUIRE
the Subscribers To the capital stock Of the company pay
manner and III such miscellaneous is they may deem pro-
peri fany stockhoder shall neglect to pay any install
the said board shall be authorized declare his
and all previous payments thereon forfeited for the
of the company but they shall not declare II forfeited
until they shall have caused notice in writing TO be
served on him personally by depositing the same In
the post office properly directed him at the post office
his place Of residence stating that he
quired to make such payments at THE time and place
specified in said notice. and that Il he fails make the
be forfeited for the use Of the company which notice
shall be served aforesaid at es thirty days previous
to the day which such payment Is required to be
made cfsded that 4 said company shall not declare
shall be individually liable to said company for the
amount unpaid upon the stock SO held BY him, until the
whole amount Of the capital stock held by him sul
1
s. And b. il enacted fhns The stock Of every company
ana ss s i1 h sn d%a S ,Ss
laws of the company, but shares shall be transferable
until all the previous calls thereon shall have been fully
o. And be II enacted That in the capital stock of
eent for constructing and operating its road such
pany with the concurrence Of twothirds In amount
Of all Its stockholders increase its capital stock from time
To time to any amount required for the purpose Of
structng maintaining and operating Its railroad such
nereasc may be sanctioned by vote In person 10y
proxy OF twohirds In amount Of all the stockholders OF
the company at meeting Of such stockholders called by
n vgtns 70 Of eae f s t
sDay, or By deposng the same, properly folded and
directed TO him. at the post office nearest b usual place
Of residence In the post Office at least twenty days prior
place Of the meeting and its object and the amount L
proceedings u such meeting must be entered on The
minutes Of the proceedings Of the company and there
to the amount sanctioned by vote Of twohris in
amount Of all the stockholders of the company aorc
10 And be IT enacted That often any contractor
progress construction shall be indebted any aborer
for thirty any less number Of days labor performed In
constructing said road such laborer may give notice OF
such Indebtedness to company In the manner herein
provided the said company shall ereupon become liable
to such aborcr the amount due him for such labor
and action may be maintained against said company
therefor such notice shall be given by such aborer to
said company wthlntweDy days after the performance
of the number fdays labor for which the claim Is made
such notice shall bc In writing and shall state the amount
and number Of days bor, and the time when the
performed for which the claim is made and the name
of the contractor from whom due and shall be signed by
such aborer his attorney and shall be served on an
! en- ,neer agent or superintendent employed by such
company having charge of the section of the road
which such labor was performed personally by leav
ing the same at the Office usual place OF business of
such engineer agent superintendent with per-
of suitable age but action shall he maintained
AGAINST any company under the provisions of this section
unless the same Ia commenced within thirty days after
notice Is given to the company by such laborer above
provided py0rded that the liability Of the company
der this section shall not exceed It's liability 10 the
tractor; and propied FURTHER that any payments mad to
such aborefs shall be full discharge 10 the company
/ from such contractor for the amount paid.
II. And be enacted That any railroad constructed
under the provisions Of this act shall not exceed hum
DIR feet In width unless land shall BE- required for
the slopes of cuts and embankments with many sets
Of tracks and rails such company Incorporated under
This act may deem necessary and II shall be lawful for
the said company its agents engineers supernends nts
or others in Its employ TO enter at all times upon all
lands waters for the purpose OF exploring surveying
y ling and laying out the route Of such rail-
road and Of locating the and TO locate all necessary