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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 15 § 5-8(54) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-15-5-8-54/
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