and defaults of the deputy collectors. Each bond taken in pursuance of the provisions of this section shall be filed with the comptroller. Each deputy receiver of taxes shall have all the powers and be subject to all the duties of the receiver of taxes in respect to the collection and receipt of taxes, and each deputy collector of assessments and arrears shall have all the powers and be subject to all the duties of the collector of assessments and arrears in respect to the collection of assessments and arrears.

Where taxes, assessments and arrears are due and payable.

$157. Taxes, assessments and arrears due upon property within the borough of Manhattan, shall be payable and receivable at the main offices of the receiver of taxes and of the collector of assessments and arrears, respectively, in said borough. Taxes, assessments and arrears due upon property situated in every other borough shall be payable at the offices of said receiver of taxes or collector of assessments and arrears, respectively, in the borough in which said property is situated. Bond of receiver and collector to be filed.

158. The bonds given by the receiver of taxes and the collector of assessments and arrears as hereinbefore provided. shall be filed and remain in the office of the comptroller, and true copies thereof, certified by the comptroller, shall be filed in the office of the clerk of each of the counties embraced within The City of New York and shall be public records. In case a certificate of the adjustment of the accounts of any receiver or collector be made as hereinbefore provided, a true copy thereof, certified by the comptroller, shall be filed in each of the offices in which a copy of the bond of said receiver or collector shall have been filed.

Assessment lists to be filed.

$159. There shall be kept in the office of the collector of assessments and arrears a full and complete record, in detail, of all lists of assessments confirmed, whether by the supreme court or the board of revision or the board of assessors, with the date of confirmation. and the date of entry under such record, which record shall be open to inspection during office hours, and the same shall be received as presumptive evidence of the facts therein contained. An assessment shall become a lien upon the real

estate affected thereby ten days after its entry in the said record. If any such assessment list affects property situated in any borough, other than the borough of Manhattan, a copy of such list shall forthwith be transmitted to and filed in the office of the collector of assessments and arrears in the borough in which is situated the property so affected.

Comptroller to appoint clerks and assistants.

160. The comptroller shall appoint as many clerks and assistants to the receiver of taxes and the collector of assessments and arrears as may be necessary, and shall designate the boroughs in which they shall respectively perform their duties.

Publication of financial statement.

§ 161. It shall be the duty of the comptroller to publish in the City Record within two months after the close of each calendar year, a full and detailed statement of the receipts and the expenditures of the corporation during the preceding year and the cash balance or surplus; and in every such statement the different sources of city revenue, and the amount received from each, the several appropriations made, the objects for which the same were made, and the amount of moneys expended under each, the money borrowed on the credit of the corporation, the authority under which each loan was made, and the terms on which the same was obtained, shall be clearly and particularly specified.

Application of certain moneys.

162. It shall be lawful for the comptroller to apply the moneys accruing for interest on the sales of lands in said city for unpaid taxes, assessments and water rents, or so much thereof as shall be required, to the account or fund designated "lands purchased for taxes and assessments," such moneys to be used for purchases by the corporation at such sales.

Dedication of certain lands for markets.

163. The lands in the ninth ward of that part of the corporation heretofore known as the mayor, aldermen and commonalty of the city of New York, bounded on the north by Bloomfield street, on the south by Gansevoort street, on the

or

east by West street and Tenth avenue, and on the west by Thirteenth avenue, being a portion of the lands heretofore set apart by law for use as a market place, are hereby dedicated to market purposes, and shall be used and occupied as such in the manner that may be designated and prescribed by the commissioners of the sinking fund, who shall have full power and authority in respect thereto. Said commissioners of the sinking fund may, in their discretion lease said lands to be used for public market purposes for such term of years, with such covenants, and for such annual rentals, as in their judgment shall be for the best interests of the city, or may prepare the same for use as a public market. The block of ground in said ward bounded on the north by Little Twelfth street, on the south by Gansevoort street, on the east by Washington street, and on the west by West street and Tenth avenue, is hereby declared to be a public market place, and subject to the provisions of section two hundred and five of this act, shall be kept for the exclusive use of farmers and market gardeners. Any farmer or market gardener, or dealer in farm garden produce, desiring to use such market, or the market in the borough of Brooklyn known as the Wallabout farmers' market, may present to the department of finance an affidavit, stating his name, residence, occupation and a general description of the commodities which he desires to sell in any such market, together with a request that a license be issued to him to use the same. On the filing of such affidavit and the payment of a nominal fee sufficient to defray the cost of issuing said license the department of finance, if satisfied that such applicant is a proper person, shall issue to him a license to use such market for a period not to exceed one year. Such licenses shall be numbered, and registered in the department of finance, and the department of finance shall issue to such licensee a metallic tag or plate, with the number of such license thereon. Such tag or plate shall be of convenient form and suitable design, approved by the department of finance. No person shall be permitted to use any such market except he be a holder of one of said licenses, and while using such market shall at all times cause to be conspicuously displayed the tag or plate containing the number of his license. The department of finance shall have sole charge and control of any such public market place and of the wagons employed in the business of selling farm and garden produce in said city, and shall have power to make suitable regulations concerning fees, the hours during which the said business shall be conducted, and the general management of the same.

Comptroller's powers in Wallabout market.

§ 164. The department of finance of The City of New York shall have sole charge and control of the Wallabout market lands in the borough of Brooklyn and of the wagons employed in the business of selling farm and garden produce in and about said Wallabout market, and shall have power to make suitable regulations concerning fees, the hours during which the said business shall be conducted and the general management of the same. The portion of the said market commonly known as "farmers' square" shall be kept for the exclusive use of farmers and market gardeners. The comptroller shall have and be vested with all the powers exercised by the commissioner of city works of the former city of Brooklyn, and shall have the sole power to lease any portion. of the said market lands and renew existing leases on such terms and at such rentals as may be agreed upon between him and the lessees or holders, subject to the following provisions as to the rate of rent: In case the amount of rent for any renewal term of any lease be not agreed upon as aforesaid by the first day of January preceding the expiration of the previous term, the same shall, if either the comptroller or the lessee or holder shall so elect, be fixed as now provided by law except that the rent may, in the discretion of the comptroller, be reduced. The rents for such renewal terms, whether agreed upon as above provided, or fixed as now provided by law, shall not be less than an amount equal to two-thirds of the rent of the preceding term, nor exceed an amount equal to the rent of the preceding term and one-third thereof in addition thereto. The comptroller may at any time, with the consent of the lessee or holder, vary or modify any of the provisions of any lease of such lands. The comptroller may also adjust and settle any claims and controversies in regard to rents and other matters that appertain to any lease both those which have heretofore arisen and any which may hereafter arise during either the original term or any renewal or extension thereof as in his opinion justice may require. Renewals of existing leases shall be made according to the, provisions thereof, unless, within thirty days after the passage of this amendment, written notice be given to the said comptroller by the lessee or holder of his election that the said lease and renewals thereof be subject to the provisions of this section. The comptroller may in his discretion allow such notice to be given after the expiration of such thirty days, but nothing herein contained shall interfere with the jurisdiction of the department of docks and fer

ries of The City of New York over the piers, bulkheads and water front in and around said Wallabout market lands, nor with the jurisdiction of the president of the borough of Brooklyn over said Wallabout market lands, so far as concerns his powers over highways.

TITLE 2.

The Bonds and Obligations of the City.

Corporate stock of The City of New York; how issued; provisions as to bonded indebtedness.

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§ 169. All bonds issued by The City of New York on and after January first, eighteen hundred and ninety-eight, in pursuance of laws already passed or which may hereafter be passed, or in pursuance of the provisions of this act, excepting assessment bonds and revenue bonds, shall be known as corporate stock of The City of New York." For the redemption and payment of said corporate stock and the interest thereon, the faith and credit of The City of New York shall be and is hereby pledged. Such corporate stock shall be in such form as may be designated by the comptroller, and shall be signed by the said comptroller and the mayor of The City of New York, and sealed with the common seal of The City of New York, and attested by the city clerk. Such corporate stock shall be in coupon form in sums not less than five hundred dollars each share, or shall be registered, and shall be conditioned to be paid in gold coin, or in the legal currency of the United States, at the option of the commissioners of the sinking fund and shall be made redeemable at a period of not less than ten, nor more than fifty years from the date thereof. Such corporate stock and all assessment bonds and revenue bonds, as well as all bonds hereafter to be issued by The City of New York by virtue of this act or of any other act, whether general or special, shall be free and exempt from all taxation, except for state purposes. The interest on such corporate stock and on all other bonds of the corporation, except revenue bonds, shall not exceed four per centum per annum, and shall bę made payable quarterly, or semi-annually, in The City of New York, or at such other place as may be fixed by the said comptroller at the time of issue of said stock or bonds; provided, however, that the interest on revenue bonds, issued in anticipation of the collection of taxes may be made payable at the date of the