New Jersey § acts:saved-15 - (54)

§ acts:saved-15. (54)

5. That any two or more of the owners of lands lying within the bounds of said consolidated

meadow banking company may call a meeting of the owners of the lands lying within

the said bounds, their legal agents or representatives, for the electing of officers

of said consolidated company by giving public notice of the time and place of such

meeting, and of the object thereof, at least ten days before the time fixed for holding

of said meeting, by setting up at least five of such notices in five of the most public

places in the township where said lands lie, and by publishing such notice in one

public newspaper printed and published at the county seat of the county where said

lands lie at least seven days before the time fixed for the holding of said meeting;

and when said meeting shall convene at the time and place so appointed, the said owners,

their legal agents or representatives may, between the hours of one and five in the

afternoon, choose by ballot or otherwise, and by plurality of votes of those met,

such person or persons as they may think proper for manager or managers, and a treasurer

and clerk for the ensuing year, or until the next annual meeting; and may also fix

a time and place for the annual meetings of said consolidated company to be thereafter

held; and may also choose three or more impartial men, acquainted with banking, to

value all the marsh and meadow lands secured by the bank of said consolidated company

from the overflow of the tide, as provided in section four of the act to which this

act is a supplement, and thereafter such further proceedings shall be had and done

touching the valuation of said meadow lands, the assessment of taxes thereon, for

the erection and maintenance of the banks, sluices and waterworks, the collection

of such assessments, and other acts concerning the business of said company, as are

in like cases prescribed by the said act and the several supplements thereto.