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and with the like power that he now has over receivers appointed by himself, and not otherwise.
8 2. This act shall take effect immediately.
Claim to be
Passed April 11, 1842. The People of the State of New York, represented in Senate and Assembly, do enact as follows :
§ 1. The canal appraisers are hereby required to examine examined. the claims of Jabez Robinson, for damages sustained by him on
account of the waters of the Chenango river being diverted from their natural channel, and thrown into a feeder constructed by the state to feed the Chenango canal above the mills of the said Jabez Robinson; and if upon such examination, the said appraisers shall be satisfied that the said Jabez Robinson has sustained any damages from the causes aforesaid, for which he ought to be remunerated by the state, then the said appraisers are hereby required to appraise and allow the same to ihe said
Robinson, Monoy how § 2. All sums of money allowed under this act shall be paid paid.
by the canal commissioners, out of any moneys in their hands unappropriated.
§ 3. This act shall take effect immediately.
Passed April 11, 1842, by a two third vote. The People of the State of New-York, represented in Senate and Assembly, do enact as follows:
$ 1. The common council of the city of Buffalo shall have tire to sales power in their discretion, to direct the clerk, or other officer of
said.city, to perform the duties required of the city attorney, by the forty-third section of the act incorporating said city, relative to selling land for the non-payment of taxes and assessments
, in the same manner, and with the powers, obligations and liabilities as the city attorney, except ihat the said common counçil shall have power to fix the fees to be paid for performing such services, not exceeding the present fees.
werd asset mont rolls,
$ 2. The common council shall pay the inspectors and poll Pay of corclerks of the general elections in the several wards of said city, the same amount as is allowed by law in the towns of this state for like services, and also pay the aldermen of said city, while sitting as judges of the recorder's 'court, the same amount per day, as is allowed by law to judes of the county courts.
§ 3. The common council shall have power to direct the city County clerk, or surveyor of said city, to make out the county ward assessment rolls for the several wards of said city, in the same how to be manner and at the same time, and with the same powers and liabilities as are now required by law of the assessors; and all the said county ward assessment rolls, shall be left with said clerk or surveyor at his office, during the time for examination; and the said clerk or surveyor shall have power to correct clerical errors in the valuation or description of property in the city ward assessment rolls, under the direction of the common council, and on the county ward assessment rolls under the direction of the supervisors of the several wards.
$ 4. The city clerk's office in said city shall be considered a City clerk's town clerk's office, for the purpose of depositing books and filing office. all papers required by law to be deposited or filed in a town clerk's office within said city; and the city clerk shall take charge of the same, and perform all the duties required by law, in the same manner and with the same powers as the town clerk in any town.
65. The several wards of the city of Buffalo shall be consi- Wardi to be dered towns for the purposes of the provisions of Title four, towad. Chapter seven, Part third of the Revised Statutes, in respect to the return of jurors : and the supervisor and assessor of each ward respectively, shall execute the duties therein enjoined upon the supervisors, assessors and town clerks of the several towns of this state, except that a duplicate return of jurors made by them shall be filed in the office of the city clerk.
6. The common council shall have power to renew any Loans may loans now made by said city, or create a new loan for the purpose of paying a former loan, by executing the necessary bonds, and providing for payment when they shall become due, as is now provided by law.
$7. The twenty-third subdivision of section thirty-one of the Roonoro. / act incorporating said city, is hereby amended so as to read as follows :
“ 23. To regulate and restrain all runners."
$ 8. The common council shall have the same power to Asessment equalize and correct the assessment rolls, for the general tax in the several wards of said city, as the board of supervisors of the county of Erie have to equalize, and correct the assessment rolls of the several towns of said county.
§ 9. The mayor or other officer authorized to grant licences Licences.
by the common cuncil, shall be subject to all the duties, liabili-
§ 10. It shall hereafter be the duty of the overseers of the excise law, poor for said city, or either of the superintendents of the poor
in the county of Erie, to prosecute for all violations of the excise
$ 12. This act shall take effect immediately.
the city of New York.
Passed April 11, 1842, by a two-third vote.
and Assembly, do enact as follows :
New-York, are hereby authorized to pass such by-laws and or-
§ 2. This act shall take effect immediately.
porate the Washington Marine Insurance Company of the
Passed April 11, 1842, by a two-third vote. The People of the State of New-York, represented in Senate and Assembly, do enact as follows :
g 1. The capital stock of the Washington Marine Insurance Capital Company, of the city of New York, shall be, and the same is de bedste hereby reduced to one hundred thousand dollars, to be divided into two thousand shares of fifty dollars each; and the title of the said corporation shall be altered to “The Washington Mutual Insurance Company."
§ 2. The surplus of the present capital stock of the said com- Surplus to pany, over and above the sum of one hundred thousand dollars, be paid back. shall be paid back to the present stockholders of the said company, their legal representatives or assigns, pro rata, and in proportion to the respective amounts of stock held by them.
03. It shall be lawful for the said company to loan their said Loans may capital stock and such profits as may hereafter be made, on bonds and mortgages on unincumbered real estate in the state of New-York, worth fifty per cent more than the sum loaned thereon; also, on any stock or evidence of debt created or issued by the United States, by the state of New York or by the city of New-York; and on the stock of any bank chartered by the state of New York, or on the stocks of any city in the state, or on respondentia ; and also to invest or reinvest in any one or more of such securities.
§ 4. All investments of the capital stock of the said company, made pursuant to the act incorporating the same, of the 27th of April, 1833, and to the various acts amendatory thereof, which shall not conform to the third section of this act are hereby declared valid ; but, whenever such investments shall be called in, the provisions of the said third section shall apply to and govern all re-investments thereof if made.
§ 5. All persons who shall hereafter insure with the said cor- Persons who poration, and pay, or secure to be paid, the premium on the of the corpo risk insured against, in the manner required by the said com- ration. pany, and also their executors, administrators and assigns, continuing so to be insured in said corporation, shall thereby become members thereof, during the period they shall remain insured, and no longer. Such insured members shall have all the rights and privileges conferred on the stockholders of the said company, by the said act of the 27th of April, 1833, or any of the acts amendatory thereof, subject, however, to the restrictions in this act contained; and no premium so paid shall ever be withdrawn from said company, but shall be liable to all
Investments pursuant to act of 1833.
Rate of interest.
the losses and expenses incurred by this company during the continuance of its charter, except as is hereinafter provided.
86. The stockholders shall receive, annually, seven per cent on the said reduced capital stock of one hundred thousand dollars before any other distribution or disposition shall be made of the income of the said company, in case any profits whatever,
over and above its losses shall have been made. Balance to $ 7. At the expiration of each year, which for the purpose yearly.
of this section shall end on the thirty-first day of December, and within thirty days thereafter, the officers of the said company shall cause a balance to be struck of the affairs of the said company, in which they shall first set aside the interest on the capital stock as aforesaid, provided the said interest or capital shạll not have been absorbed in whole or part by losses or expenses; and they shall then divide the ascertained profits pro rata among the stockholders and insured members. Each stockholder shall receive such a proportion of the said ascertained profits as the stock held by him bears to the entire collective amount of stock and premiums earned ; and each insured member shall receive such a proportion of the said ascer. tained profits as the premium paid by him on risks terminated, bears to the entire collective amount of stock and premium earned. By the term ascertained profits, is meant the premiums known to be earned over and above the losses incurred and expenses paid.
$ 8. At the expiration of each year, which for the purposes to be issued of this section shall be on the second Tuesday of January, the
said company, immediately and within thirty days after the balance prescribed by the last section shall be struck, shall issue a certificate to each insured member, stating the amount of surplus profits which shall be ascertained to be due him on striking the balance aforesaid; but the share of such profits accruing to the stockholders shall be paid out to, and received
by them respectively, with their annual dividend. Por not loss § 9. No certificate shall issue for any sum less than fifty dolthan $50. lars, nor for any fractional part of ten dollars; every certificate
therefor shall be for the sum of fifty dollars, or if for a greater sum, then for some multiple of ten. The said certificates shall not be transferable, except on the books of the said company, and a transfer book shall be kept for that purpose.
§ 10. The profits of the said company shall in no case be withdrawn from the said company, (except as herein provided for,) but shall remain equally with the capital stock, liable to all the losses and expenses thereof; and such liabilities shall be expressed on the face of said certificate : but no certificate shall be charged with a second or other subsequent loss, until all other certificates shall have been equally charged; and the interest accruing on the investment thereof shall be paid over to the holders of the certificates' which represents such investments.