5. And be it enacted, That this act shall take effect imme

A Further Supplement to the act entitled "An Act to incorporate the Newark and Irvington Horse Car Railroad Company," approved March seventh, one thousand eight hundred and sixty-one.

capital tuok.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That it shall be lawful for the com- May increase pany incorporated by the act to which this is a further supplement to increase their capital stock to the sum of one hundred thousand dollars.

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

Approved April 4, 1872.

CHAPTER DLXXXVII.

An Act entitled "An Act to incorporate the Florence Branch
Railroad Company."

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Randolph Wood. Walter corporators. Wood, Edward R. Wood, Joshua Eyre and Jesse Garret, or a majority of them, together with such persons as they may associate with them, shall be a body corporate, with power to purchase real estate and to issue stock to an amount not

Name.

Power to build railroad.

rectors.

greater than twenty-five thousand dollars, to be divided into shares of one hundred dollars each, which shall be held to be personal property, and shall be transferable only upon the books of said company, and the said corporation shall be known as "The Florence Branch Railroad Company."

2. And be it enacted, That the said corporation shall have power to build a railroad from the Camden and Amboy railroad at any point near the town of Florence, in Burlington county, and running thence to the said town of Florence, or to the Delaware river at or near the site of the Florence foundry, and shall also have power to make suitable branches to any other point, at or near the town of Florence, or upon the banks of the said Delaware river.

Election of di- 3. And be it enacted, That at as an early a day as convenient after the approval of this act, the said corporators shall meet to signify their acceptance thereof, and to elect a board of not more than five directors, one of whom shall be president, and the said board shall serve for the term of one year, as the stockholders shall have appointed for the next annual election, or until such time as another board shall be duly elected to succeed them.

Proceedings in case company and owners

cannot agree.

4. And be it enacted, That in case it shall be necessary to lay out the said railroad across the land of any private individual, or of any corporation, public or private, as to the price of which the said company shall be unable to agree with the owner or owners, it shall be lawful for the said corporation to appoint a commissioner, who shall confer with another commissioner to be appointed by the owner, and in case of disagreement between them, they two shall appoint a third, whose decision shall be binding upon all parties interested; it shall be the duty of the said commissioners to examine the land taken or desired to be taken as aforesaid by the said corporation, and to determine the value thereof and the amount of damage justly to be paid therefor, and shall at the same time take into consideration the benefit done to other portions of the property of said land owner by the building of said railroad, which estimate of benefit shall in all cases be set against the estimate of damage and payment be made thereon accordingly, and immediately upon the finding of an award by said commissioners, and upon the compliance therewith on the part of said corporation, so far the said award shall have appointed any act to be done or complied with by said corporation, the said corporation shall

immediately thereupon be held to have acquired free, continuous, and uninterrupted possession of the lands so examined as aforesaid, not to exceed at any point one hundred feet in width, with due allowance in addition thereto for the necessary slope of cuts and fillings, and in case any land owner, corporate or private, as aforesaid, shall refuse or neglect to appoint a commissioner as aforesaid for the space of fifteen days after having been notified so to do, then and in such case the commissioner who may have been appointed by said corporation shall proceed to determine the damage, if any, which would be done to the property of such owner by the building of said railroad, and the determination or award of said commissioner setting forth the facts as herein specified, and duly attested by his signature and oath or affirmation, shall be filed in the clerk's office for the county of Burlington, and shall forever operate as a bar to any action for damage, trespass, or ejectment, which may at any time thereafter be brought against said corporation by said owner, whether corporate or private.

5. And be it enacted, That ten days' notice of every meet- Voting for diing of stockholders shall be given to each of the stockhold-rectors. ers as they shall appear upon the books of the company, and that in voting for directors each share of stock shall be entitled to so many votes as there are members of the board to be voted for, all of which votes may be concentrated in favor of one candidate, or may be distributed in such proportion as the voter shall elect between two or more of the candidates; and those candidates who shall receive a vote equal to a majority of the whole number of shares voted upon, shall thereby be declared duly elected.

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

Approved April 4, 1872.

Repealer.

Rates of toll.

Repealer.

CHAPTER DLXXXVIII.

A Further Supplement to "An Act to incorporate the Godwinville and Paterson Macadamized Road Company," approved April fourth, eighteen hundred and sixty-seven.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That so much of the eighth section of the act to which this is a supplement, as requires said road to be bedded with stone eight inches in depth, be and the same is hereby repealed.

2. And be it enacted, That it shall and may be lawful for the said company, at all times, to take and receive of and from every person or persons who shall pass through their gates in travelling, the following rates of toll, and no more, that is to say:

For every carriage, wagon, sleigh or sled, drawn by one beast, five cents;

For every additional beast, five cents;

For every horse or mule and rider, five cents;

For every led horse, mule or ox, five cents;

For every dozen calves, sheep or hogs, and in that proportion for any greater or less number, ten cents;

For every dozen of horses, mules or cattle, and in that proportion for any greater or less number, thirty cents;

And that said company shall not demand or receive toll of or from any person passing to or from public worship, between the hours of nine o'clock in the forenoon and five o'clock in the afternoon, on the Sabbath day.

3. And be it enacted, That all parts of the act to which this is a supplement, inconsistent herewith, be and the same are hereby repealed, and that this act shall take effect immediately.

Approved April 4, 1872.

CHAPTER DLXXXIX.

An Act to amend an act entitled "An Act to incorporate the American Plate, Glass and Fire Insurance Company. of New Jersey."

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the first section of the act to Amendment. which this is an amendment be amended by striking out the following words contained in the said first section, "The American Plate, Glass and Fire Insurance Company; and insert in their place and stead the words "America Insurance Company."

2. And be it enacted, That section two be amended by Amendment. striking out the words "two hundred and fifty thousand dollars," and insert, instead thereof, the words "five hundred thousand dollars," and strike out the word "commissioners, and insert the word "president."

3. And be it enacted, That section three be amended by Amendment. striking out the words " by not less than three, nor more than six directors," and inserting the words "by not less than seven, nor more than thirty-three."

4. And be it enacted, That section four be amended by Amendment. striking out the words, "and a two-thirds vote of the board of directors may remove the said president and vice president, in either of which cases the board of directors shall elect to fill the vacancies so occasioned;" "they shall," and insert in the place and stead thereof the following words, "they may."

en out and

inserted.

5. And be it enacted, That section five of said act be Section strickstricken out, and the following section be inserted in its new section place and stead: "that the president of the company shall receive subscriptions to the additional capital stock, herein authorized, and when the said stock, or such part thereof as can be subscribed and paid, or secured to be paid, as men. tioned in the second section of this act, the president shall call a meeting of the stockholders by an advertisement published at least ten days previously, in some newspaper published in the county of Hudson stating the time and place at