New Jersey Acts Saved from Repeal ACTS SAVED 46 § 7-9(1)

1. That it shall and may be lawful for any number of persons not less than five, to associate themselves into a company for the purpose of buying, selling, settling, owning and improving real estate, and erecting buildings and other structures thereon, within this state, upon making a certificate in writing under their hands and seals, setting forth,

I. The corporate name which they propose to assume;

II. The names of the places in which the said real estate is situated;

III. The total amount of the capital stock of said company, which shall be divided into shares of fifty dollars each;

IV. The names and residences of the stockholders, and the number of shares held by each;

Which certificate shall be proved and acknowledged, and recorded in a book to be kept for that purpose in the office of the clerk of the county or counties in which said real estate shall be situated, and after being so recorded shall be deposited and filed in the office of the secretary of state, and a copy thereof, duly certified by such secretary, shall be evidence for or against such company; and upon the making and filing of said certificate, such company shall be deemed and taken to be a corporation in fact and in law, with all the powers conferred in the first section of the act concerning corporations.