13:1B-68 - Terms of directors of Morris Canal and Banking Company to expire; persons to constitute board until successors qualify - New Jersey Statutes

13:1B-68.  Terms of directors of Morris Canal and Banking Company to expire;   persons to constitute board until successors qualify
    The terms of office of the present directors of the Morris Canal and Banking  Company shall expire on the effective date of this act, and the persons holding  the offices of Commissioner of Conservation and Economic Development, State  Treasurer, and Director of the Division of Budget and Accounting in the  Department of the Treasury, respectively, on the effective date of this act,  shall constitute the board of directors, and shall exercise and perform the  functions, powers and duties of the directors, of the Morris Canal and Banking  Company until the next annual meeting of the stockholders of said company, and  until their successors are duly elected and qualified.

     L.1948, c. 448, p. 1844, s. 119.