Page:Charters of the Weehawken ferry company.djvu/9
power to call in the remainder of the capital stock of said corporation, by instalments not exceeding fifteen dollars on each share, by giving thirty days' notice of such required instalment in one or more of the newspapers printed in the county of Hudson; and if any stockholder shall neglect or refuse, for thirty days after such instalment is due, to pay the same, he, she, or they, so neglecting or refusing, shall forfeit their stock, and all payments thereon; and the said board of directors shall and may require from the treasurer such security as to them shall seem just.
6. And be it enacted, That when the said board of directors are so elected and chosen, the said commissioners are hereby authorized and required to pay over to the said board of directors, or to such persons as they, or a majority of them, shall direct, all money which they have received for the subscription to said capital stock, first deducting therefrom all expenses to which they have been exposed, and the sum of one dollar and fifty cents per day for each and every day they have been employed in the duties of their appointment; and the directors so chosen, and their successors, shall annually thereafter cause an election to be held, at such time and place as their by-laws shall direct, for directors of the said corporation.
7. And be it enacted, That in case it should happen that an election of directors should not be made on the day or at the time when pursuant to this act it ought to be made, the said corporation shall not for that cause be deemed to be dissolved, but such election may be held at any time; and the directors for the time being shall continue to hold their offices until others shall have been chosen in their places.
8. And be it enacted, That the president and directors of said company are hereby authorized and invested with all the rights and powers necessary and expedient to survey, lay out, and construct a plank road, not exceeding sixty feet in width, to commence at some point at or near Ramapo, in the county of Bergen, to the ferry established by the Weehawken Ferry Company, in the township of North Bergen, in the county of Hudson, with a branch road from said road at said ferry, extending northerly to Fort Lee, in said county of Bergen; and also one other branch, extending northerly from the aforesaid main plank road, on the east side of English creek, through the English Neighborhood, not exceeding ten miles in length, on such a course as may be deemed advisable, with right to erect such bridges as maybe necessary; and where bridges are built over navigable streams, with such draws on the same as are made on other bridges over such streams; and it shall and may be lawful for the said president and directors, their agents and others in their employ, to enter, at all times, upon all lands or water, for the purpose of exploring, surveying, leveling, or laying out the route or routes of such road, and of locating the same, doing no unnecessary injury to private property; and when the route of such road shall have been agreed upon, and filed in the office of the secretary of this state, then it shall be lawful for the said company, by its officers, agents, contractors, and other persons in their employ, to enter upon, take possession of, hold, have, use, occupy, and excavate any such lands, and to erect embankments, bridges, and all other works necessary to construct said road, and to do all other things which shall be suitable or necessary to carry into effect the object of this charter; and it shall