Declares the

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the assent of the state of state t the grant New Jersey to the grant made to this state under the

assent of the

of congress

Moneys received under the acts of congress to be paid to Rutgers College for its agricultural department

said act of congress approved August thirtieth, one thousand eight hundred and ninety, and to the purpose of said grant, as indicated by the acts of congress relating thereto, is hereby declared and signified, and the secretary of state is hereby directed to transmit a certified copy of this act to the secretary of the treasury and to the secretary of the interior of the United States.

2. And be it enacted, That the moneys received and to be received by this state under the said act of congress approved August thirtieth, one thousand eight hundred and ninety, shall, immediately and as soon as received, be paid over by the treasurer of this state, upon the warrant of the comptroller of this state, and the order of the trustees of Rutgers College, to the treasurer of Rutgers College, for the more complete endowment and maintenance of the said agricultural college or agricultural department of the college, established as aforesaid, for the benefit of agriculture and the mechanic arts, to be by the said trustees applied only to instruction in agriculture, the mechanic arts, the English language and the various branches of mathematical, physical, natural and economic science, with special reference to their applications in the industries of life and to the facilities of such instruction, in accordance with the acts of congress relating thereto. 3. And be it enacted, That the legislature shall have powered to pass power at any time hereafter to pass such laws as may be execution of this deemed necessary and proper to enforce the due execution of this act and the beforementioned acts of congress. 4. And be it enacted, That this act shall take effect immediately. Approved February 10, 1891.

Legislature em

laws to enforce

act.

LEON ABBETT,

Governor.

JAMES J. BERGEN,

Speaker of the House of Assembly.

ROBERT ADRAIN,

President of the Senate.

CHAPTER V.

A Further Supplement to an act entitled "An act to ascertain the rights of the state and of the riparian owners in the lands lying under the waters of the bay of New York and elsewhere in the state," approved April eleventh, one thousand eight hundred and sixty

four.

WHEREAS, there are islands situate in the tidal waters of Preamble.
this state, the lands below mean high water adjoining
to which are the property of this state and are capable
of being used for the erection and construction thereon
of docks, wharves, piers, warehouses and other struc-
tures, which use will greatly promote foreign and in-
land commerce; and whereas, there are reefs and shoals
in the tidal waters of this state awash or submerged at
mean high water which are the property of this state,
which reefs and shoals and the lands below mean high
water adjoining thereto which are also the property of
this state, are also capable of such use as aforesaid, and
foreign and inland commerce will be greatly promoted
thereby; and whereas, it is just and wise that the state
should so legislate as to permit its said lands to be used
as aforesaid.

"missioners to

lines in tidal waters.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the riparian commissioners, Riparian comor a majority of them therein concurring, with the ap-establish exterior proval of the governor and after consultation with the board of engineers, acting under the authority of the secretary of war, and known as the harbor commission, shall, from time to time, fix and establish around or in front of all islands, reefs and shoals situate in the tidal waters of this state, exterior lines in said waters, beyond which no pier, wharf, bulkhead, erection or permanent obstruction of any kind shall be made or maintained, and also interior lines for solid filling in said waters be

Proviso.

may sell or let lands under

water.

yond which no permanent obstructions shall be made or maintained other than wharves and piers and erections thereon for commercial uses; provided, however, that no exterior line around or in front of any such island, reef or shoal shall be fixed and established in front of any riparian grant which has been heretofore made, unless such exterior line shall be fixed and established after consultation with the said board of engineers at such distance as will, in the judgment of said commissioners, leave a sufficient water way in front of said grants for navigation, and when the riparian commissioners shall have so fixed and established said lines after consultations aforesaid, they shall file a survey and map thereof in the office of the secretary of state, showing the lines for piers and lines for solid filling so fixed and established.

2. And be it enacted, That the said riparian commissionCommissioners ers, or a majority of them, together with the governor, may sell or let to any applicant therefor any of the lands under water and below mean high water mark, embraced within the lines so fixed and established, upon such terms as to purchase money or rental, and under such conditions and restrictions as to time and manner of payment, the duration and renewal of any lease, the occupation and use of the land sold or leased, and such other conditions and restrictions as the interest of the state may require, and as may be fixed and determined by the said riparian commissioners, or a majority of them, together with the governor.

Repealer.

3. And be it enacted, That all acts and parts of acts inconsistent with the provisions of this act be and the same are hereby repealed, and that this act shall take effect immediately.

Approved February 10, 1891.

CHAPTER VI.

An Act to establish a Department of Banking and
Insurance.

banking and in

lished.

1. BE IT ENECTED by the Senate and General Assembly of Department of the State of New Jersey, That there is hereby established surance estab a department of banking and insurance, charged with the execution of all laws now in force or which may be enacted hereafter, relative to insurance, banking, savings, trust, guarantee, safe deposit, indemnity, mortgage, investment and loan corporations.

of banking and

2. And be it enacted, That the chief officer of said Commissioner department, to be denominated the commissioner of insurance. banking and insurance, shall be appointed by the governor, by and with the advice and consent of the senate, and shall hold office for the term of three years, beginning on the first day of April, one thousand eight hundred and ninety-one, and until his successor shall be appointed and confirmed, unless sooner removed by the governor for cause; no person shall be appointed as such commissioner who is in any way connected with the management or control of any corporation affected by this act, and his term of office shall immediately cease if at any time he shall become so interested; before entering upon the discharge of his duties the said commissioner shall give bond, conditioned for the faithful dis- Bond. charge of his duties in the sum of twenty-five thousand dollars, with two good and sufficient sureties, freeholders of this state, to be approved by the governor; he shall also take an oath of office before one of the justices of Oath of office. the supreme court in form similar to that now required of the secretary of state, which bond and oath of office shall be filed in the department of state.

3. And be it enacted, That the said commissioner shall Salary, $4,000 per receive an annual salary of four thousand dollars, to be annum. paid monthly by the state treasurer, on the warrant of the comptroller; for all services performed by him he shall

ployees.

charge the same fees as are now fixed by law for like services in the department of state, and shall make quarterly returns to the comptroller of all fees and moneys collected by him, and pay the sum so collected Clerks and em- into the state treasury; he shall employ from time to time such clerks, agents and employees as may be necessary for the proper discharge of his duties; their compensation shall be fixed by the governor and be paid in the same manner as that of the commissioner; provided, Salaries shall not that the entire sum paid for salaries annually in this department shall not exceed the amount of fees collected by the commissioner and paid into the state treasury.

exceed fees.

Deputy commissioner.

Department

insurance.

4. And be it enacted, That the said commissioner shall have authority to appoint, with the consent of the governor, a deputy, who shall have power to perform all the duties of the commissioner in case of his absence or inability to act from any cause; said deputy shall be commissioned by the governor, and before entering upon his duties shall execute a bond in the sum of ten thousand dollars, with two sufficient sureties, freeholders of this state, to be conditioned and approved in the same manner as the bond of the commissioner; he shall also take an oath of office in the same manner as the commissioner, which bond and oath shall be filed in the department of state.

5. And be it enacted, That this department shall be charged invested with all the powers and charged with all the all acts relative duties and subject to all the obligations and penalties now vested in, conferred and imposed upon the secretary of state, acting as commissioner of insurance, or upon the board of bank commissioners or any other officer or board charged with the execution of the laws relative to subjects recited in the first section of this act, as also building and loan corporations or associations organized of other states. under the laws of other states, transacting or to be admitted to transact business in this state.

Building and loan companies

Seal of office.

6. And be it enacted, That the said commissioner, with the approval of the governor, shall devise a seal of office, a description and impression of which, with a certificate of approval by the governor, shall be filed in the department of state; every certificate, assignment, conveyance or other official paper executed by the said com