contained, however, shall limit the power of the board of estimate and apportionment to authorize the use of the proceeds of the sale of corporate stock or assessment bonds to replenish the street improvement fund or the fund for the street and park openings or for the purpose of meeting the expenses of improvements, for which said board has authorized the issue of corporate stock prior to January first, nineteen hundred sixteen, or meeting the expenses of improvements heretofore authorized to be paid from the proceeds of the sale of corporate stock or serial bonds by special act, nor to limit the power of the board of estimate and apportionment to authorize the use of the proceeds of the sale of corporate stock for other than revenue producing improvements as follows: that during the year nineteen hundred and sixteen, one-half of the cost of other than revenue producing improvements shall be paid by the issue of corporate stock maturing serially from one to fifteen years, and the remaining half of such cost shall be included in annual tax levies in the manner provided in section one hundred and eighty-nine of this act; and that during the year nineteen hundred and seventeen, one-quarter of the cost of such improvements shall be paid by the issue of corporate stock maturing serially from one to fifteen years, and the remaining threequarters shall be included in annual tax levies as provided in section one hundred and eighty-nine of this act. When in the opinion of the comptroller it shall appear desirable to have the whole or any part of an issue. of corporate stock or serial bonds made payable in the currency of a country other than the United States, such corporate stock or serial bonds so to be sold shall be made payable in such currency, with certificates in such amounts, and sold in such manner as may be duly authorized by the commissioners of the sinking fund; provided, however, that in case such corporate stock or serial bonds payable in a foreign currency or currencies is not sold in the manner prescribed for the sale of corporate stock or serial bonds under the provisions of section one hundred and eighty-two of this chapter, the comptroller shall invite sealed, competitive tenders for the purchase of such corporate stock or serial bonds in such manner as the commissioners of the sinking fund shall prescribe, and he shall make award or awards to the highest bidder or bidders for such corporate stock or serial bonds with the full power to reject all bids. The proceeds of sales of such corporate stock or serial bonds shall be recorded in the books of the finance department in the terms of the currency of the United States as well as in the terms of such foreign currency in which such corporate stock or serial bonds shall have been issued. § 2. This act shall take effect immediately. $13 amended. Rent; interest. Credit of CHAPTER 672 AN ACT to amend the transportation corporations law, in relation to reports of abandoned consumer deposits required to be made by gas and electric corporations and the publication thereof Became a law May 22, 1936, with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section thirteen of chapter two hundred nineteen of the laws of nineteen hundred nine, entitled "An act in relation to transportation corporations, excepting railroads, constituting chapter sixty-three of the consolidated laws," as amended by chapter six hundred fifty-eight of the laws of nineteen hundred thirty-five, is hereby amended to read as follows: § 13. Deposit of money by consumer may be required. A gas corporation, an electric corporation or a gas and electric corporation may require every person to whom such corporation shall supply gas or electricity for any building, room or premises to deposit with such corporation a reasonable sum of money accordEstimated. ing to the estimated quantity of gas and electricity necessary to supply the same for two calendar months, to secure payment for Consumed. gas or electricity consumed, or for rent of pipe, wire or fixtures, but every corporation shall allow to every such depositor legal interest on the sum deposited so long as it shall remain with the corporation, payable on the return of the deposit. Whenever such deposit has been held by a gas or electric corporation for a period of two years, the interest on such deposit, beginning with the interest to October first, nineteen hundred thirty-three, shall be credited on the next bill for gas or electric service rendered the depositor after October first, nineteen hundred thirty-three, and such a credit shall be allowed at the expiration of each succeeding two-year period. Any such deposit by a consumer, or abandoned. the amount thereof after deducting any sums due to the corporation from the consumer, shall, upon the expiration of a period of ten years from the termination of service to such consumer, be deemed to have been abandoned by the consumer depositor and his successors in interest and shall be termed an abandoned Exception. deposit. No such deposit or amount remaining due therefrom shall be deemed abandoned if gas or electricity has been supplied by the corporation to the consumer at any time during the period of ten years immediately preceding, or if, within such period, a claim or demand for such deposit or amount shall have been filed in writing with such corporation, by the depositor or other person claiming to be entitled to receive the same. Deposit § 13-8. amended. § 2. Section thirteen-a of such chapter as added by chapter six hundred fifty-eight of the laws of nineteen hundred thirtyfive, is hereby amended to read as follows: Dec. 1, 1935. and in each § 13-a. Report of abandoned deposits. On or before the thirty- On or before first day of December, nineteen hundred thirty-five, and notwithstanding any inconsistent provision of this chapter, every gas corporation, electric corporation, and gas and electric corporation shall make a verified report to the public service commission and a duplicate thereof to the commissioner of taxation and finance, of all deposits and amounts which shall have been abandoned as defined in section thirteen, as of or before the first day of June, Aug. 1, 1936, nineteen hundred thirty-five. On or before the first day of succeeding August in the year nineteen hundred thirty-six, and in each year. succeeding year, each such corporation shall make a verified report to the public service commission and a duplicate thereof to the commissioner of taxation and finance, of all deposits and amounts which, since the date as of which the last preceding report shall have been made, shall have been abandoned as defined in section thirteen. The report to be filed on or before the first day of August in the year nineteen hundred thirty-six shall cover the period beginning with the first day of June, nineteen hundred thirty-five and ending with the thirtieth day of June, nineteen hundred thirty-six. Thereafter each report shall cover a period beginning with the first day of July and ending with the thirtieth day of June next preceding the month in which such report shall be filed. Each such report shall contain, in such form as the public service commission shall prescribe, the following informa- Contents of tion, as to each such abandoned deposit and amount, in so far as it is shown by the books or records of the corporation. The name of the depositor, his last known address as appearing upon the books or records of the corporation, the date when the deposit was made, the amount thereof, the date when the depositor ceased to be a consumer of gas or electricity supplied by the corporation, any sums due and unpaid to the corporation by the consumer with interest thereon from the date of termination of service, the amount of the interest at the legal rate upon such deposit or the balance thereof for the period it has remained with the eorporation and has not been credited to the consumer's bill pursuant to section thirteen, and the total amount representing such deposit and the interest, not credited, as of the date of such report. Each such report shall be verified by the oath of an Verification. officer of the reporting corporation. report. amended. 3. Section thirteen-b of such chapter, as added by chapter § 13-b six hundred fifty-eight of the laws of nineteen hundred thirtyfive, is hereby amended to read as follows: § 13-b. Publication. Within thirty days after making and filing a report of abandoned consumer deposits pursuant to section thirteen-a, the corporation by which the report is made shall cause to be published once in a newspaper of general circulation in each eity and county, and in each village in which a newspaper is published, in which the reporting corporation supplies service a notice Contents of stating that said report of abandoned, consumer deposits has been filed with the public service commission and a duplicate notice. thereof with the commissioner of taxation and finance and that a copy thereof is on file and open to public inspection in each of its offices where applications for its service may be made. The notice shall further state that such abandoned consumer deposits, with interest thereon, are due and payable to depositors or their successors in interest and will be paid on demand and proof of ownership or right to receive payment. The public service commission shall have power to adopt rules and regulations in respect to such notice and such rules and regulations, when adopted, shall be observed by the reporting corporations. § 4. This act shall take effect immediately. $53 ch. 541, L. 1916, amended. §77-1, subd. 1, amended. CHAPTER 673 AN ACT to amend chapter five hundred and forty-one of the laws of nineteen hundred sixteen, entitled "An act relating to the preparation of assessment-rolls for the townships and tax districts therein in the county of Nassau, and the collection of taxes in such towns and tax districts, and to repeal certain local acts and parts of acts relating to assessments and taxation in such county," in relation to taxes and assessments in such county Became a law May 22, 1936, with the approval of the Governor. Passed, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section fifty-three of chapter five hundred forty-one of the laws of nineteen hundred sixteen, entitled "An act relating to the preparation of assessment-rolls for the townships and tax districts therein in the county of Nassau, and the collection of taxes in such towns and tax districts, and to repeal certain local acts and parts of acts relating to assessments and taxation in such county," as last amended by chapter one hundred sixty-seven of the laws of nineteen hundred thirty-four, is hereby amended as follows: § 53. Return by receiver of taxes. The town receiver of taxes shall make his return of unpaid taxes, excepting school taxes, to the county treasurer on or before the first day of October of the second calendar year following the delivery to him of his warrant in the same manner, except as provided by this act, as now required for return by the collector of taxes of unpaid taxes, except that such receiver shall not add the five per centum penalty as provided by section eighty-two of the tax law. § 2. Subdivision one of section seventy-seven-f, of such chapter, such section having been added by chapter six hundred nineteen of the laws of nineteen hundred thirty-two and last amended by chapter one hundred sixty-seven of the laws of nineteen hundred thirty-four, is hereby amended to read as follows: 1. On or before the fifteenth day of September in each year the board of supervisors of the county shall annex to the tax roll a warrant under the seal of the county, signed by the chairman and warrant. clerk of the board, commanding the receiver of taxes of each town to whom the same shall be directed, to collect from the several persons and on the properties named and described in such tax roll, the sum set opposite the respective names or properties, and further commanding him to pay over on the first day of the month until the first day of June next thereafter, as hereinafter provided, all moneys so collected for each such school district appearing on such roll to the treasurer or fiscal officer of each such school district and after the first day of June in the year following the year in which the warrant was issued to pay to the county treasurer of Nassau county, all moneys so collected by him for each such school district appearing on such roll, which tax roll and warrant shall be delivered to such receivers of taxes on or before such date. subd. 3. § 3. Subdivision three of section seventy-seven-g, of such chapter $77-2; as added by chapter six hundred nineteen of the laws of nineteen amended. hundred thirty-two and last amended by chapter one hundred sixty-seven of the laws of nineteen hundred thirty-four, is hereby amended to read as follows: 3. All school taxes collected by the receiver of taxes on and after payment. the first day of June of the calendar year following the delivery to the receiver of taxes of the school tax warrant and until the return by the receiver to the county treasurer of unpaid school taxes, plus interest thereon at six per centum per annum for each Interest. year or fractional part thereof from such date, shall be paid to the county treasurer. The balance of penalties and interest which has been collected by the receiver and remaining after the payment of interest as herein before required to be paid to the county treasurer shall be paid by the receiver to the supervisor of the town and be applicable to general town purposes. Discounts allowed, as in Discounts. this article provided, shall be a town charge. The payments herein directed to be paid to the county treasurer shall be made on Monday of the second week following the week in which the taxes, interest and penalties have been collected. § 4. Section seventy-seven-j of such chapter as added by chapter § 77-1. six hundred nineteen of the laws of nineteen hundred thirty-two amended. and amended by chapter one hundred sixty-seven of the laws of nineteen hundred thirty-four, is hereby amended to read as follows: § 77-j. Return by receiver of unpaid school district taxes. The town receiver of taxes shall make his return of unpaid school district taxes to the county treasurer on or before the first day of June of the second calendar year following the delivery to him of his warrant in the same manner, except as provided by this article, as now required for returns by collectors of taxes of unpaid taxes, except that such receiver shall not add the five per centum penalty as provided by section eighty-two of the tax law. On the first day of June of the calendar year following the year in which there has been delivered to the receiver of taxes the school |