The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-03

use said lands Or any part gnereof TOR auy Or me
in the c'erk's office % said sounty., thtn, and IN
the money awafaed 70 said cwnor Or owner. but
only such cost, expenses = nd reasonable counsel
ceding section Ok this act:
III. And be II enacted, That any corporation ere
frsnchiscs q any oiisss sors ossaola' owning q
o opsla,aa !. any : strs ssss ssli saalws or 9 any 9'i ssrn ras1 oa or
plank rosd, Or any motor ?. wer or trsc.ion com
are hereby saihsrissd 70 Q maGs snch lease and aftes
such lease the corporation created under TINS aet
or Such corporation or Corporations 40 leased upon
such compensation 70 be inside to the lessee COM
have been entitied to demand from persons using
90 Scr spsyslisS io or Or SRsn sast g aSl rirSis q d fu ersa tsssas
ana all liens upon the properfyof III corporation
i isssor. c anp ~ psnS snsii b saf pss mMea'' aaimpa irsa
70 The same sxlen t az Il sirA lease had NOT been
Lessor corporation shall tnsncefortn attach 10 the
lessee corp ration, and be enforced against or be
manner Is they were enforceable against or on.
1oyed b. the lessor corpetatsonI aad pro ,ided
made or slenlanded W any corIoration created
under shis act than were e. II I are aus seriee IL 70 t be
corporation or corporations lessor or lessons In
Il. NnIbe it enacted. THAT any stockholder Of
any company whose property ahu franchises shall
this act sShosha!i not assent to sucn lease. or VINO
shall resist or object 70 the making thereof, may
sach ease sHs as ID lais act provided apply BY petition
to the circuit cour6 of tne county IN which tho
or to q judge OF said court IN vacation. II no sach
stca ssss ss w,sa sno sasn t ts aSno an r sssss aply Rp.
sisted persons to estimate ths damage. &C any, a one
confirmed By the said court. shall be inal and con
s slas.ss; ana said dn' stock ssas0H q 3 sa seD0 ssoesh saes er Als q
the full market value thereof. with
S Sas as e conss g nsy q qe tns ssia lsas os and a1P shs
said lessor company may a. AZ election either pay
found and awarded. 4 any; or the value rd Of ne 2
ssoe1 s 20 a sc sSs ysIas sn 81 t &c t so q as a. s aoa u ,pid 5 he
said stockholGer snail fransfer tha Stock SO neld
t BY mir dIre e. said & ls saia c sSmaany q p TO % b. als lss sasa g f q
the benefit ofthe remalnlns stockhoiders; and IN
paid within thirty days from the Ming Of the said
awar and conhrm stion by said court, ana notice
confirmed shalibe a Judgment against said com.
pany. AM collected rs oth n; Judgments in said
il; be 4 enacted. Tntt any cosporatioa ere
STOCK. properly, franchises aad railway with those
of am other Corporation owning or operating any
ssiIway [a or sny I turapiSs or plank Road. and such
consolidated company mar con tlnue from time 20
f fras So ssi. ana ana ra oHnsasa Win i those s'0 of any 9sSp oshs:
corporation or corporations OF this state owning or
a as a. street railway tarnpiEss Or plank road.
10. And be il enacted That such censoiidatlon or
provisions. restrictions and with the powers here
after in this act mentioned and contained, that is
/. Inc directors OF the several corporations pro
P %sn1 u t0 cot Tie seis sorpo mas s ssal Of Sh I '0 rasp sssfs,
les for the consolidation OF said companies
aIsio rasl theyss an sas sr moas q s Carrying !sn9S the Is' same s1a
in to ERECT ths name OF this new corporation. the
oiicers tners3 ii. AMI who shall be the first diree-
tors aad officers. and their places Of residence. the
stock. the par valle Of eacn snare and tho manner
Of q e e0nys :. a ss y "a ne capital na,g s ssSes of sae ana Of hove sas s aad
wnei directors and Officers snail be chosen, with
perfscs slca new ersanizasion and the cons1iids.
lion OF said composites and railways;
at q meeting thereof. called separately,
no Ton ' dsJp nogss 81 q t re aiin ss' ana sni"I place lace 81 Holding
such meetings. and the object taereof. snail be de.
them oy mail when their postonice address is
h NOV 10 70 The i,ss co m son,s a nsiys also Dy IN ta gsn eisal
10 wn Or county where such company has It's princi-
81 s UaaaHe g. 4 p rs tf e 1 asfas'asn ane 81 = SID id d msesaas
shall 6e considered aud q 20 o by ballot taken by
s Sal0s Or y Es seea e0 II ans ss ssRssr ssss share Lar ' ea,i aH1n:
the holder tnereof to one vote; and said ballot shall
s es e shs y IN .d as 81 nj r sS Ss P sssosshio ses IL y sa . sepa =.
ately. shall DO for adoption Of sad asreemeet,
secretary Of che respective companies under tns
seal thereof "a and = esf sbs sssl aadsr s sas seal nras o. .ns
Q .rIifying to rne fact sr consolidation tho name
and II By wi virtue Of the provisions u This act. and the
amount of the authorized capital stock OF Such
conf so lltakeQ COMPANY SUdl DO Al5Q III u OitCS u
he secretary OF STATE, and shall from thence be
deemed and fagen to pc The evidence OF the
panles; and a copy OF SAID certificate duly. cer.t
lied BY the SECRETARY OF state. under the seal Of hs
70. And be 4 ensc ted, That upon the making and
as afo -esaid. and hling the saii certinc ats or a
sopy I't cor roo ssaesssfJ ps ar ssa's sh e soo' Win i the d
amount OF capital Stock set ont Ia said certiicate.
s by me aaais provided IN said agrssment aud aot.'
possessing within ,shis state ali rights. privileges
disabliiIes and duties 81 en- Of SUCH corporations
SO consolidated
ton OF said act of consolidation as aforesaid, all
and singular The rights. privileges and franchises
anu all property. real, psfsona al and mixed. and all
s saSssr qus On a Mna. oshsr a sain nasa In a. aet Msli bs 81 ss1Ss
to each of such corporations, shall be tasen and
new corporation without further act OF deed; and
all property. 81, rlEgh ia Of VA yys IN z al and every
Of the new c5rpor ton a. tn ~ were OF the former
eorp %ratious. parltss 70 said agreement; and the
und er the laws OF THIS stale vested In either Of
sucn corporations sheil not pc deemed to revert or
vided, however, thai all rights Of creditors and all
liens tisns u Ipsal, Il e. p prsssr2ed q us siinSs Z. saa and S0 shs rs-
spective corporations may be deemed TO continue
Ii SnisiesG aa q d puissfe Of e i Of said colnpaniss
snail uhenceforth attach to sat1 new corporation
sane d dsS Is. iiabilslss and duties had boon incurred
or contracted by 1t.
%. And be it enacted. That suits may be brought
and maintained. against suph company in any OF
the courts OF this STATE in the same manner as
az afnst other railroad companies therein.
rs. And be " enacted. That any stDekholder of
any company hersoy authorized TO consolidate
stock into the stocx of The consolidated company.
IN ay at any time within thirty days after The
adoption of tps said agreement of consolidation
by the stockhotders as In THIS act provided. apply
BY petition tothe circuit eoart OF the county ia
which the chief office of said company may be
kept. or TO the judge oil sold court in vacation. II
sonable notice to said compapy, TO appoint three
disinterested pers ons to. estimate the damage. II
any. done 20 such stocSholder by said proposed
10 ity or them, when confirmed by the said cou {
shall be final md Conclusive, and the persons so
appointed shall also, appfaise said stock Of such
without regard to any depreciation or apprecia-
ton In consequepce OF Enc said consolidation,
ana the said company may. at Its
t ebss smount OF da.n eyes 50 found and awarded. II
any. or tie value of the Stock so ascertained and
dslerminod, ami upon the payment OF the value of
transfer the stock so held BY him to said company,
to be disposed OF by the directors of said company.
or be retained for the bensie of the remaining
asIafor esaid is not 50 paid within thirty days from
the filing OF the said award and confirmation by
said-court and notice to said company the dam
AGAINST said cdrnpany. and collected as other 1udg-
m ants in said court are, by law, rec bverauie.
"a. And be IT enacted. That tne corporation ere
ated or consolidated under this act may increase
is capitai stock 10 sncn amount as may be deter,
mined by Its lard OF directors; provided, that
such corporation shall. previous 20 the tosuing Of
any such stock, Gle IN the once OF the sserstnfy Of
signed BY its pre- sidsns and under it's corporate
seal, attested by Its secretary. setting forth the
amount Of the proposed increase Of capital stock
~ ern MI n, nnr n q narQa IN tn Whfrp tina aamA 1S