made thereon, if such payments be neglected to be made for the 7. And be it further enacted, That the directors for the time be- By-laws ing shall have power to make such by-laws, rules and regulations as shall appear needful and proper, touching the management and disposition of the stock, property, estate and effects of the said corporation, the duties of the officers, and artificers and servants by them employed, and all such matters as appertain to the concerns of the said corporation, with power to appoint such and so many officers, clerks and servants for carrying on the business of the said compapany, and with such allowances and salaries as to them shall seen meet. stock, and may be › sued 8. And be it further enacted, That the stockholders of the said Stockholders responsible corporation, shall be holden in their individual capacities responsi- to nominal ble, jointly and severally, for the payment of all debts contracted by amount of the said company, to the nominal amount of the stock held by such stockholders respectively; and any person having any demand against the said company, may sue any stockholder thereof singly, or any two or more stockholders thereof jointly, and recover in any court having cognizance thereof: Provided, Such suit shall not be maintained without proof that such demand had been presented to the proper officer of the said company for payment, and the payment thereof neglected or refused: And provided also, That the Proviso said company shall be liable to be prosecuted as a corporation for any such demand. corpo Stock deem ed personal estate applied 9. And be it further enacted, That the stock of the said ration shall be deemed and considered personal estate, and shall be assignable and transferable; and that the charter and privileges hereby granted are granted upon the express condition that the funds Funds how of said corporation shall be applied to the purpose of improving the water power and property belonging to said corporation, and erecting hydraulic and manufacturing establishments, and engaging in the business connected therewith, and no other, and that for all Debts debts that shall be due and owing by the said company, the persons composing the said corporation at the time of its dissolution shall be responsible in their individual and private capacity, to the extent of their respective shares, and no further, in any suit or action to be commenced or prosecuted after the said corporation shall be dissolved. 10. And be it further enacted, That this act shall be deemed a public act and considered in all courts and places as a public act, and the same, shall be construed benignly and favorably, for every beneficial pur pose. said company be exhibited 11. And be it further enacted, That no transfer of any stock in Transfer to shall be valid, until such transfer shall have been re- be registered, gistered in a book or books to be kept by the directors of said company for that purpose; which book or books shall, at ali reasonable and books to times during the usual hours of transacting business, be open to the examination of any person having in his possession any demand against said company, the payment of which shall have been refused; and in case any officer of said company, having charge of such Penalty books, shall refuse to permit the same to be examined as aforesaid, Banking pro hibited Legislature he shall, for every such offence, forfeit the sum of two hundred and fifty dollars the one moiety thereof to the people of this state, and the other moiety to him who will sue for the same, by action of debt, in any court of record, together with the costs of such suit. 12. And be it further enacted, That nothing in this act cantained shall be so construed as to authorise any banking or insurance privileges whatever, or the dealing or trading in the stock of any incorporated company, or receiving, directly or indirectly, any transfer, pledge or hypothecation of any stock of any incorporated company for any purpose whatever, or the purchasing, discounting or loaning of any bonds, bills, notes, checks, or any negotiable paper whatsoever, and every such transfer, pledge or hypothecation shall be utterly void. 13. And be it further enacted, That the rights and privileges may repeal hereby granted shall be deemed to be taken subject to the right of the legislature hereafter to alter, modify or repeal the same. Commission ers of land of fice to ap &C CHAP. 91. AN ACT relative to the Lands conveyed to this State for the benefit of the Canal Fund. Passed March 28, 1826. 1. BE it enacted by the People of the State of New-York, represented in Senate and Assembly, That it shall and may be lawful point agent, for the commissioners of the land-office from time to time to appoint some discreet and proper person or persons as their agents, to prosecute all trespassers on the lands conveyed to this state for the beTrespassers nefit of the canal fund; and such agent is hereby authorised to bring suits in the name of the people of this state against all persons who may have, or shall hereafter trespass on said lands, and to prosecute the same to judgment and execution, according to the existing laws of this state; and that the treasurer, on the warrant of the comptroller, shall pay the costs that may accrue in the premises to such agent, together with such compensation for his services as the said commissioners shall deem reasonable and just: Provided, That in case any defendant so prosecuted as a trespasser shall succeed on the trial, the said agent shall be entitled to no costs of such suit, unless the commissioners of the land-office shall be convinced that there was probable and reasonable cause for bringing such suit : Provided also, That such agent shall give such reasonable security from time to time to the people of this state for the faithful execution of his trust, as the commissioners of the land-office shall require and approve. Proviso Commission surveys and sell lands 2. And be it further enacted, That it shall be the duty of the ers to cause commissioners of the land-office to dispose of said lands in such manner, and at such time, and on such terms as they shall judge best for the interest of the canal fund, and for that purpose to cause such surveys and examinations to be made as they shall deem necessary for carrying this act into effect, the expenses of which shall be defrayed in such manner as the expenses relating to the surveys and sales of the unappropriated lands of this state are allowed to be paid: Pro- Proviso vided, That the commissioners, in making sales as aforesaid, shall 50 per cent to require at least fifty per cent of the amount of such sales to be paid be paid in hand, or secured on other property to the satisfaction of the said commissioners, payable in three annual instalments, with interest, and the residue in three yearly payments, with interest at the rate of six per cent per annum. CHAP. 92. AN ACT to enable the Mayor, Aldermen and Commonalty of the Passed March 28, 1826. authorised to raise $196000 1. BE it enacted by the People of the State of New-York, rep- Corporation resented in Senate and Assembly, That the mayor, recorder and aldermen of the city of New-York, as the supervisors of the city and by tax county of New-York, or a majority of them, of whom the mayor or recorder shall be one, shall be and are hereby empowered, as soon as conveniently may be after the passing of thris act, to order and cause to be raised by tax on the estates, real and personal, of the freeholders and inhabitants of, and situated within the said city, to be collected, a sum not exceeding one hundred and ninety-six thousand dollars, to be applied to the support and maintenance of the poor of the said city and county; the support and maintenance of criminal persons; the support and repairs of the Bridewell and Penitentiary of the said city; the repairing and taking care of the other public buildings belonging to and under the care of the mayor, aldermen and commonalty of the city of New-York; the making, regulating, repairing and improving the public roads in the said city and county; the defraying other contingent expenses properly chargeable to the said city and county, and for the defraying the expenses which the mayor, aldermen and commonalty of the city of New-York, may sustain or be put to in executing the powers vested in them by "an act to reduce several laws relating particularly to the city of New-York into one act," passed April 9th, 1813: And also, such further sum, by a tax as aforesaid, as is required to Further sum be raised by a tax in the said city, for the support of common for common schools, and as may be necessary for supplying the deficiencies of taxes upon any and every of the wards of the said city, imposed or laid during the year one thousand eight hundred and twenty-five, owing to the insolvencies of the collectors of the said wards, or any sehools or either of them, or their inability to collect the said tax : And also, Expense of for defraying the whole of the expense, for assessing and collecting collecting the taxes to be raised as aforesaid, such deficiencies however, to be assessed on the estates, real and personal, of the inhabitants of, and situated within the wards respectively, where they shall happen as aforesaid: And also, a further sum, not exceeding one hundred and Sum for fifty-four thousand dollars, by a tax on the estates, real and personal, of the freeholders and inhabitants of, and situated within the said city, to the southward of a line beginning at the North river, at the foot of Fourteenth-street, and running thence easterly through said watchmen street to the East river, as said street is laid down on the maps of the said city; to be applied to the payment of so many watchmen as the mayor, aldermen and commonalty of the city of New-York, in common council convened, shall appoint and employ for watching and guarding the said city; to the purchasing of oil; providing and putting up lamps, and repairing, cleansing and lighting those which are now or may hereafter be erected within that part of the said city last described; to the cleansing and repairing public wells and pumps; and to the defraying the other contingent expenses arising within and properly chargeable to that part of the said city to the southward of the line aforesaid, as the said mayor, aldermen and commonalty in common council convened, may from time to time For supply direct: And also, such further sum, by a tax as aforesaid, as may be necessary for supplying the deficiencies of taxes upon all that part of the city to the southward of the line aforesaid, during the year one thousand eight hundred and twenty-five, owing to the insolvencies of the collectors of the said wards, or any or either of them, or their inability to collect the said tax: And also, for defraying the expenses of assessing and collecting said taxes, such deficiencies however, to be assessed on the estates, real and personal, of the freeholders and inhabitants of, and situate within the said wards respectively, where they shall happen as aforesaid, to the southward of the line aforesaid. ing deficien cies, &c Manner of assessment 2. And be it further enacted, That the said several sums of money, shall be assessed in the manner directed by the act entitled "an act for the assessment and collection of taxes," passed April 23, 1823, except so far as the provisions of any subsequent law may be contrary thereto; and each persons tax in one ward shall be collected in one payment, and the monies so collected paid into the hands of the treasurer or chamberlain of the said city, at such time as is appointed and directed by the act or acts in such cases made and provided. To create a CHAP. 93. AN ACT authorising the Corporation of the City of New-York to create a Public Stock. Passed March 28, 1826. 1. BE it enacted by the people of the State of New-York, represented in Senate and Assembly, That it shall be lawful for the mayor, aldermen and commonalty of the city of New-York, from time to time, as they may find it expedient, to create a public fund or stock, not exceeding in the whole, the sum of seven hundredthousand dollars, in addition to the sum authorised to be created in and by the act, entitled "an act to regulate the finances of the city of New-York," passed June 8th, 1812, and the act of March 24th, 1820, increasing the same; which said stock shall be denominated the New-York City Stock, and shall bear an interest not exceeding five per cent. per annum, which shall be paid quarter yearly: And former act further, That all the provisions of the said act which are not herein otherwise provided for, shall have the same force and effect, to Rate of interest Provisions of applied all intents and purposes, relative to the stock hereby authorised to be created, which they would have had provided the said act had been incorporated with, and made part of this act: Provided al- Proviso ways, That nothing herein contained shall be so construed as to deprive the holders of the stock created by said acts, of any lien which they are entitled to by said acts upon the revenues of the said mayor, aldermen and commonalty. monies bor rowed 2. And be it further enacted, That the said corporation shall ap- To reimburse ply the monies to be raised under and by virtue of this act, to the reimbursement of the monies borrowed under the act passed June 8, 1812, and to no other purposes whatsoever. CHAP. 94. AN ACT to alter the time of holding a Circuit Court, and Court of Oyer and Terminer, in the County of Onondaga. Passed March 28, 1826. altered BE it enacted by the People of the State of New-York, rep- Term of resented in Senate and Assembly, That instead of the third Mon- circuit court day of September next, appointed by the circuit judge, for the seventh circuit, for holding a circuit court and court of oyer and terminer in the county of Onondaga, the said courts shall be holden on the first Monday of October next, at the court-house in the town of Onondaga. CHAP. 95. AN ACT relative to the New-York Society, for Promoting the Manumission of Slaves, and for protecting such of them as have been or may be liberated. Passed March 29, 1826. from children BE it enacted by the People of the State of New-York, repre- Trustees may sented in Senate and Assembly, That it shall and may be lawful receive $1 for the trustees of the New-York Society for promoting the manu-instructed mission of slaves, and for protecting such of them as have been or may be liberated, to demand and receive from every child instructed in their schools, a compensation for tuition not exceeding one dollar per quarter, without in any manner prejudicing their right to draw from the common school fund, disbursed in the county of NewYork: Provided, That the said trustees may remit such demand Proviso whenever they think proper, and that they shall not at any time refuse to educate any child on account of the inability of his parents or guardians to make the required compensation. |