D vidends.

bonds or other obligations of the company at public or private sale, and if disposed of at a rate less than their par value, the same shall not be invalidated thereby, and it shall not be lawful for the company, in any suit at law or in equity, to claim, or be entitled to, or be allowed, any exemption from the payment of the principal named therein and the interest, or any part of either, on the ground of usury; it shall also be lawful for the directors to make any of the bonds of the company convertible into the stock of the company, at the option of the holder of said bonds, at such times and on such terms as shall be specified on the face thereof.

7. And be it enacted, That it shall be lawful for the directors of the Hispano-American Telegraph Company to issue the stock of the company, either partially or wholly paid up in the purchase of property or franchises in connection with their business, to any government, or to any company or individual or individuals; and it shall be lawful for them, from time to time, to create of any of the unissued stock of the company a special stock, dividends on which may be preferred out of the net profits, and declared and paid to an amount not exceeding seven per centum per annum on the par value thereof, before dividends are declared and paid on other stock of the company, which special stock may be so issued as to participate with other stock of the same class in dividends after eight per centum per annum on such other has been declared; the directors may declare stock dividends to represent profits used or invested in the works or property of the company.

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

Approved April 22, 1868.

CHAPTER DLXIII.

An Act to incorporate the Finesville Vigilant Society, for apprehending horse and other thieves and other villains, in the county of Warren.

name and

1. BE IT ENACTED by the Senate and General Assembly of Corporate the State of New Jersey, That the Finesville Vigilant Society powers. for apprehending horse and other thieves in the county of Warren, is hereby erected into a body politic and corporate, in deed and in law by the name, style and title of "The Finesville Vigilant Society, for apprehending horse thieves and other villains," and by the same name shall have perpetual succession, and be able to sue and be sued in all the courts of New Jersey and elsewhere, and shall be able to purchase, receive, have, hold and enjoy to them and to their successors, la ds, tenements, hereditaments, rents, annuities, franchises, goods and chattels of what nature, quality or kind soever, real, personal or mixed or choses in action, and shall have power the same from time to time to sell, grant alien and dispose of, provided, that the clear yearly income of lands and Proviso. tenements, goods and chattels, shall not exceed two thousand dollars; and also to ordain, establish and put in execution. such subordinate laws and regulations as shall appear necessary and convenient for the government of the said corporation, not being contrary to the constitution of the United States, or of this state, and generally to do all and singular such matters and things which to them it shall lawfully appertain to do for the well being of the said corporation, and the proper management of its affairs.

2. And be it enacted, That this society shall consist of all such persons as are now members or shall hereafter be admitted as such, agreeable to the by-laws of said society.

Members.

3. And be it enacted, That the officers of said society shall Officers. consist of a president, a secretary and a treasurer, and five directors, to be elected by the members of the society.

officers.

4. And be it enacted, That the officers enumerated by this Election of act shall be chosen by ballot, at a general meeting of the said society, on the last Saturday of December annually, to continue in office for one year, or until their successors be elected.

5. And be it enacted, That the funds of the society shall be Funds, how

appropriated.

exclusively appropriated to the payment of rewards offered for, and the expenses incurred in detecting horse and other thieves, and recovering stolen horses or vehicles, and defraying the necessary costs attending the meetings of the society. 6. And be it enacted, That the legislature reserves the right to alter, amend or annul the charter at any time hereafter.

Approved April 22, 1868.

When election

be divided.

CHAPTER DLXIV.

Supplement to an act entitled "An Act to regulate elections," approved April sixteenth, eighteen hundred and forty-six.

1. BE IT ENACTED by the Senate and General Assembly of districts shall the State of New Jersey, That when a township or ward in any city contains more than eight hundred voters, said township or ward shall be divided into election districts so as not to contain more than eight hundred voters in each district; and the mayor and common council in the several cities and the township committees in the several townships are hereby required to set off said districts, on or before the first day of August next, and file a description of the boundaries thereof, one copy in the county clerk's office, and one copy in the city or township clerk's office, as the case may be, and in case it may be necessary hereafter to change the boundaries of said districts, such change shall be effected in the manner above prescribed.

Election of officers.

No ballot for election of

Judges to con

tain more than two

names.

2. And be it enacted, That whenever any election district is created as above it shall be the duty of the power creating the same to appoint a clerk of election and three judges of election in said district, who shall not all belong to the same political party, and who shall hold said office until their successors are elected.

3. And be it enacted, That hereafter no ballot for the election of judges of election shall contain more than two names, and in case more than two names therefor are voted

for on the same ballot, the said ballot as to said judges of election shall be null and void; and the three persons who shall receive the highest number of votes at such election shall be deemed and taken to be judges of election; and in case two persons on the same ballot shall receive an equal number of votes, the one first named shall be deemed elected.

clerk to be

each district.

4. And be it enacted, That in each of said election districts Judges and a clerk and judges of election shall be elected, and perform elected in the same duties and be subject to the same penaties as is provided by law for clerks and judges of election in wards and townships which are not divided into election districts.

5. And be it enacted, That the clerk of each poll in incor- Duties of clerk porated cities and towns, in addition to the duties now prescribed by law, shall enter on the poll list the place of residence of each person voting, and every person in said incorporated cities and towns at the time of offering his vote shall truly state the street in which he resides, and, if the house, lodging or tenement in which he resides is numbered, the number thereof, and in case of refusal to make the statement aforesaid, the vote of such person shall not be received.

tions declared

valid.

6. And be it enacted, That all elections heretofore held in Former elecwhich wards and townships were divided into election districts legal and under the act entitled "An Act to ascertain by proper proof the citizens who shall be entitled to the rights of suffrage," approved April fourth, eighteen hundred and sixty-six shall be deemed legal and valid, as if the said act had not been repealed.

7. And be it enacted, That all acts and parts of acts incon- Repealer. sistent with this act are hereby repealed, and this act shall take effect immediately.

Approved April 22, 1868.

Corporators.

Name.

CHAPTER DLXV.

An Act to incorporate the Dime Savings Institution of Plainfield, New Jersey.

1. Be it enacted by the Senate and General Assembly of the State of New Jersey, That Elston Marsh, William White, William S. Cook, Elias R. Pope, Isaac P. Brown, Joseph B. Coward, James Clark, John C. Sutphen, Rudolph M. Titsworth, Nathan Harper, Lewis E. Clark, Carmen Parse, Levi Hetfield, junior, Stephen O. Horton, Charles H. Stillman, Enos W. Runyon, Clark Rogers, Jacob Thorn, Peter Gorsline, Isaac S. Dunham and Elston M. Dunn, and their successors, shall be and are hereby constituted a body corporate and politic, by the name of "The Dime Savings Institution of Plainfield," and by that name shall be capable of purchasMay purchase ing, taking, holding and enjoying to them and their successors any real estate, in fee simple or otherwise, and any goods, chattels or personal estate, which shall be necessary for the purpose herein mentioned, and of selling, leasing or otherwise disposing of the said real and personal estate, or any part thereof, at their will and pleasure; provided always, that the clear annual value of such real and personal estate, exclusive of the profits that may arise from the interest accruing upon investments, or upon the sale of any investments in which the deposits may be made, shall not exceed the sum of twenty-five thousand dollars.

and hold real

estate, &c.

Proviso.

Conducted by a board of managers.

2. And be it enacted, That the said institution shall be conducted by fifteen managers, ten of whom at least shall be residents of the township of Plainfield; seven of the managers shall be a quorum to transact business; and the seat of any manager who shall have neglected to attend for six successive meetings may be vacated by the board; the persons named in the first section of this act shall be the first managers of the institution; the managers shall meet annually on the first Monday of May, and choose one of their number as president; they shall have power to appoint a secretary, treasurer, and such other officers as to them shall appear necessary for conducting the business of the institution, which officers so chosen and appointed, shall continue in office one year and until others are chosen; and all officers so chosen shall be