Bond, Application to justices in certain cases § 2. The said commissioners shall have power to execute an official bond for the payment of the said money in annual instalments of two hundred dollars, together with annual interest thereon, which shall become a legal charge against the said town, and from time to time to be audited by the board of supervisors of said county, and included in the tax rolls of said town. §3. This act shall take effect immediately. Chap. 650. AN ACT to amend the acts in relation to the State Lunatic Asylum, and to confer certain powers upon justices of the sessions. Passed April 16, 1857. The People of the State of New-York, represented in Senate and Assembly, do enact as follows: SECTION 1. Whenever a county judge shall be precluded from acting as such, in proceedings under the twenty-sixth section of the act to organize the state lunatic asylum, and more effectually to provide for the care, maintenance and recovery of the insane, passed April seventh, eighteen hundred and forty-two, by reason of relationship by consanguinity or affinity to any lunatic in indigent circumstances, application may be made in behalf of such lunatic, to one of the justices of the sessions, resident of the county in which such lunatic resides, and such proceedings shall be had by and before such justices, as is provided for in said section, and the said justice shall possess all the powers, and exercise the same jurisdiction in all respects under said section, and the amendment thereto passed April tenth, eighteen hundred and fifty, as such county judge would be authorised to possess and exercise, were it not for such disability. And the certificate of such justice, given under the provisions of said twenty-sixth section and the provisions of this act, shall for all purposes be as effectual and binding as if made by the county judge § 2. This act shall take effect immediately. Chap. 651. AN ACT to amend the constitution of the Jews' Passed April 16, 1857. The People of the State of New-York, represented in Senate and Assembly, do enact as follows: SECTION 1. The business of the Jews' hospital, in New- Directors. York, shall be managed by twelve directors, and the said directors, shall be so classified that one-fourth part of the whole number thereof, shall be annually elected by the members of the society. to constitu❤ § 2. Alterations, amendments or additions to the con- Alterations stitution of said hospital, shall only be offered at an an- tion. nual meeting of its members and shall be considered at the next succeeding annual meeting, or at a special meeting called for that purpose. The proposed alterations, amendments or additions, shall be printed on the notice of meeting and served on each member, and if a majority of the members of said society agree thereto, in person or by proxy, the same shall be adopted. §3. Alterations, amendments or additions to the constitution may also be made by the assent of two-thirds of the members present at an annual or special meeting, in cases where the directors of the hospital have sanctioned such alterations, amendments or additions, at a stated meeting of said directors, and have submitted the same on printed notices, as before provided, for the consideration of the members at an annual meeting, or at a meeting specially called for the purpose. § 4. The quorum of said society shall hereafter 'consist Quorum. of seventy-five members. § 5. This act shall take effect immediately. Corpora tors. Real estate. Chap. 652. AN ACT to incorporate the Rural Savings bank Passed April 16, 1857. The People of the State of New-York, represented in SECTION 1. Daniel F. Tieman, James V. Seaman, Bart- 2. The real estate which it shall be lawful for the said corporation to purchase, hold and convey, shall be: 1. Such as may be requisite for its immediate accommodation for the convenient transaction of its business. 2. Such as shall have been mortgaged to it in good 3. Such as shall have been purchased at sales upon modities whatever, except in cases where it is authorised so to do by the terms of this act, and except such personal property as may be necessary or requisite for its immediate accommodation for the convenient transaction of its business. 3. The trustees of said corporation shall not, as such, directly or indirectly, receive any payment or emolument for their services. how man §4. The business of said corporation shall be managed Business and directed by the said board of trustees, who shall elect aged." from their number a president, two vice-presidents, and such other officers as they may see fit; eight of said trustees, of whom the president or one of the vice-presidents shall be one, shall form a quorum for the transaction of business; and the affirmative vote of at least seven members of the board shall be requisite in making any order for, or authorising any investment of any moneys, or the sale or transfer of any stock, real estate or securities belonging to the corporation, or the appointment of any officer receiving any salary therefrom. § 5. The persons named in the first section of this act shall be the first trustees of the said corporation; and all vacancies by death, resignation, or otherwise, in the office of trustees, shall be filled by the board, by ballot, without unnecessary delay, and at least nine votes shall be necessary for the election of any trustee. The said trustees shall hold a regular meeting at least once in each month, to receive the report of their officers as to the business and affairs of the said corporation, and to transact such business as may be necessary; and any trustee omitting to attend the regular meetings of the board for six months in succession, may thereupon, at the election of said board, be considered as having vacated his place, and a successor may be elected to fill the same. The supreme court may at any time, for due cause, remove any trustee, on proper notice to such trustee, and affording him an opportunity to be heard in his defence. Meetings of trustees. General 6. The general business and object of the corporation business hereby created, shall be to receive on deposit such sums and objects as may be from time to time offered therefor, by mechanics, tradesmen, clerks, mariners, laborers, minors, servants and others, and investing the same in the securities or Rate of interest. stocks of the state of New-York, or of the United States, or in the stocks or bonds of the city of New-York or the county of Westchester, authorized to be issued by the legislature of this state, or to loan the same on the securities of the said stocks or bonds, and also upon bonds secured by mortgage on improved, productive, unincumbered real estate, located within the counties of NewYork or Westchester, worth at least double the amount to be secured thereby, independently of any buildings or perishable improvements thereon; but no loan upon bond and mortgage of a larger sum than five thousand dollars shall be made; or in such other manner as is authorised by this act, for the use, interest and advantage of the said depositors and their legal representatives; and the said corporation shall receive as deposits, from persons of the descriptions above mentioned, all sums of money which may be offered for the purpose of being invested as aforesaid, but not to exceed the sum of three thousand dollars from any individual; which shall as soon as practicable be invested accordingly, and shall be re-paid to such depositor when required, at such times, with such interest, and under such regulations as the board of trustees shall from time to time prescribe, which regulations shall be put up in some public and conspicuous place in the room where the business of said corporation shall be transacted, but shall not be so altered as to affect any deposit previously made. No president, vice-president, trustee, officer or servant of said corporation shall, directly or indirectly, borrow the funds of said corporation or its deposits, or in any manner use the same, or any part thereof, except to pay necessary expenses under the direction of the said board of trustees; all certificates or other evidences of deposit, made by the proper officer of such corporation, shall be as binding upon the corporation, as if they were made under the common seal. It shall be the duty of the trustees of said corporation to regulate the rate of interest to be allowed to the depositors, so that they shall receive as nearly as may be, a ratable proportion of all the profits of said corporation, after deducting all necessary expenses. In all cases of loans upon real estate, a sufficient bond or other satisfactory personal security shall be required of the borrower; and all rea |