BEGUN JANUARY SIXTH, AND ENDED APRIL EIGHTEENTH, 1857, IN THE VOL. II. EXCELSIOR ALBANY : VAN BENTHUYSEN, PRINTER. Pursuant to the directions of the act entitled "An act relative to the publication of the Laws," passed April 12, 1843, I hereby certify that the following volume of the Laws of this State, was printed under my direction. J. T. HEADLEY, Secretary of State. In this volume, "every act which received the assent of three-fifths of all the Members elected to either House of the Legislature," pursuant to Section 14, of Article 7, of the Constitution of this State, is designated under its title by the words "Three-fifths being present." [See Laws of 1847, Vol. 1, Chap. 253.] And every "act which received the assent of two-thirds of all the Members elected to each branch of the Legislature," pursuant to Section 9, of Article 1, of the Constitution, is designated under its title by the words "By a two-third vote." [See Laws of 1842, Chap. 306.] LAW AN ACT in relation to the Assessment of Taxes Passed April 15, 1857, three-fifths being present. SECTION 1. The fourteenth section of the fourth title of the thirteenth chapter of the first part of the Revised Certain Statutes, entitled "Regulations concerning the assessment repealed. of taxes on incorporated companies, and the commutation or collection thereof," and the ninth and tenth sections of said title as amended by chapter six hundred and fifty- four of the laws of eighteen hundred and fifty-three, are §2. The fifteenth section of the said title is hereby amended to read as follows: The amount of taxes assessed on all incorporated com- Capital stock. Deposits in savings ment roll, and shall form a part of the moneys to be collected by the collector. § 3. The capital stock of every company liable to taxation, except such part of it as shall have been excepted in the assessment roll, or as shall have been exempted by law, together with its surplus profits or reserved funds, exceeding ten per cent of its capital, after deducting the assessed value of its real estate, and all shares of stock in other corporations actually owned by such company, which are taxable upon their capital stock under the laws of this state, shall be assessed at its actual value, and taxed in the same manner as the other personal and real estate of the county. §4. The deposits in any bank for savings which are banks, &c. due to depositors, and the accumulations in any life insurance company organised under the laws of this state, so far as the said accumulations are held for the exclusive benefit of the assured, shall not be liable to taxation, other than the real estate and stocks which may be owned by such bank or company, and which are now liable to taxation under the laws of the state. Companies and banks pay. § 5. The twenty-first section of the said title is hereby amended to read as follows: The comptroller shall furnish the attorney general with refusing to the names of all the companies and banks refusing or heglecting to pay the taxes imposed on them, with the amount due from them respectively, and the attorney general shall thereupon file a petition in the supreme court against every such company or bank, for the discovery and sequestration of its property. Sequestra perty. § 6. The supreme court, on the filing of such petition, tion of pro- or on the coming in of the answer thereto, may order such part of the property of such company or bank to be sequestrated, as shall be deemed necessary for the purpose of satisfying the taxes in arrear, with the costs of prosecution; and the court may also, at its discretion, enjoin such company or bank, and the officers thereof, from any further proceedings under their charter or act of incorporation, and may order and direct such other proceedings as shall be deemed necessary to compel the payment of such taxes and costs. § 7. This act shall take effect immediately. ol a -of re Chap. 457. AN ACT to incorporate the Industrial School of Passed April 15, 1857, three-fifths being present, The People of the State of New-York, represented in tion. SECTION 1. Henry A. Brewster, Aristarcus Champion, Corporate Henry R. Selden, Aaron Errickson, Samuel D. Porter, Elias Pond, Adolphus Morse, Samuel P. Ely, Edwin Scranton, Edward M. Smith, Joshua Conkey, Ebenezer Griffin, John M. French, and such other persons as they shall associate with themselves, as hereinafter provided, are hereby constituted a body corporate and politic, by the name of the industrial school of Rochester, for the purpose of establishing and maintaining a public school for poor and destitute children in the city of Rochester. 30 Fe y h t 1 2. The affairs of said corporation shall be managed and conducted by a board of directors, comprising all the members of said corporation, and seven directors shall be a quorum for the transaction of business. directors. 3. The board of directors shall have power to appoint Board of from their number a president, vice-president, treasurer, secretary, executive committee, and such other officers as they may from time to time deem necessary, and to fix their terms of office and prescribe their duties. § 4. The persons named in the first section of this act are hereby declared to be the first board of directors, or a quorum of their number convened as a board, shall have the power to augment their number by electing other persons to the office of director, and to fill all vacancies in said office which may occur by death, resignation or otherwise; but the whole number of directors shall not at any time exceed thirty-five. § 5. The corporation hereby created may receive, take Property. and hold as well by purchase, devise or bequest as otherwise, any real estate or personal property for the uses and purposes contemplated by this act, whether the same be devised, bequeathed or conveyed directly to said corpora |