Rankin v. Newark Library Ass'n

The opinion of the court was delivered by

Dixon, J.

By the special act of the legislature, approved February 19th, 1847 (Pamph. L., p. 69), incorporating the Newark Library Association, it was provided that in the election of directors each stockholder should have one vole for each share of stock .he might hold, if not more than five, and one vote for every additional five shares, and that those persons having a majority of all the votes thus cast should be deemed elected as directors. By express reference to the “Act concerning corporations,” approved February 14lh, 1846 (Pamph. L., p. 17),…