Gambar halaman
PDF
ePub
[blocks in formation]

S 3. The commissioners appointed for the distribution of the stock of the said company, shall not be required to distribute the same according to the provisions of the fourth section of the act hereby renewed, unless more tban three hundred and fifty thousand dollars shall have been subscribed.

S 4. The legislature may, at any time, alter, amend, modify or repeal this act.

[blocks in formation]

CHẠP. 303. AN ACT to incorporate the Roman Catholic orphan asylum in the city of Brooklyn, county of Kings.

Passed May 6, 1834. The People of ihe State of New-York, represented in Senate and Assembly, do enact as follows:

S 1. There shall be established and located in the village of Brooklyn, and county of Kings, a charitable society, by the name of “The Roman Catholic Orphan Asylum Society, in the city of Brooklyn, in the county of Kings.”

$ 2. J. Sullivan Thorne, Thomas Mooney, John Sweeny, Peter Turner and Charles Brady, and such other persons as shall hereafter become members of said society, are hereby constituted a body corporate by the name aforesaid.

S 3. The said corporation shall have power to prescribe rules and regulations for the admission of members, and for expelling them for the non-observance of its by-laws.

S 4. The object of the society shall be for the purpose of relieving the poor, and of protecting and educating orphan children.

S 5. At every meeting of the said society when twenty-one members are met, they shall have full power to do and transact all the business thereof.

S 6. The said corporation may purchase and hold real and personal estate for their use and benefit, but the same shall not exceed, at any one time, the yearly value or income of twenty-five hundred dollars.

$ 7. The corporation shall possess the general powers, and be subject to the general restrictions and liabilities prescribed in the third title of the eighteenth chapter of the first part of the Revised Statutes.

Rules.

Object.

Quorum.

Estate.

General powers.

$ 8. The legislature may at any time alter, modify or Right to rerepeal this act.

peal.

CHAP. 304.
AN ACT in relation to the Albany Burgesses Corps.

Passed May 6, 1834.
The People of the State of New York, represented in
Senate and Assembly, do enact as follows :

S 1. The members of the Albany Burgesses Corps per- Privilegos of forming duty under this system of military organization, the corpus. shall be exempt from the performance of militia duty in any of the companies, battalions, regiments or brigades in this state, except in cases of insurrection or invasion.

$ 2. Whenever any member of said corps shall have When to be performed as many days duty as is required of the members of the artillery or rifle companies in the city of Albany, they shall be entitled to the same privileges of exemption which are now extended to the members of said artillery and rifle companies by the militia laws of this state.

$ 3. The provisions of this act shall not extend to any Restrictions. members of said corps who do now or may hereafter hold. any military commission.

S 4. The number of individuals composing this corps Number of shall not exceed eighty.

$ 5. This act shall take effect immediately after its pas- Act to take sage.

exempted

members.

effect.

CHAP. 305.
AN ACT to authorize Peter L. Minor to erect a dam and

lock upon Ransom's creek, in the town of Amherst, Erie
county.

Passed May 6, 1834. The People of the State of New York, represented in Senate and Assembly, do enact as follows :

S 1. It shall and may be lawful for Peter L. Minor, his Dam. heirs or assigns, to erect, continue and keep up a dam across Ransom creek, in the town of Amherst, in the county of Erie, at or near the place where said Minor's mill is now erected in said town.

Lock.

$ 2. The said Peter L. Minor shall, within one year and six months after the passage of this act, construct and keep in repair a lock in said dam, which shall be eleven feet wide, sixty feet long, and six and an half feet high, for the free passage of boats, rafts, and other crafts, at all

times during the continuance of the said dam. Saving clause S 3. Nothing in this act shall be so construed as to af

fect the rights of individuals who may be injured by reason of said dam; and the legislature may at any time alter or repeal this act.

Corporntion created.

CHAP. 306.
AN ACT to incorporate the Schenectady and Saratoga

insurance company.

Passed May 6, 1834. The People of the State of New York, represented in Senate and Assembly, do enact as follows :

$ 1. From the time this act shall commence and take effect, Isaac Gere, James M. Cook, Platt Potter, Harmanus Peek, John Ohlen, Thomas Palmer, William Cunningham, Levi Benedict, Samuel W. Jones, Harvy Davis, Peter I. Clute, John Brown, John Titus, and all such persons as shall hereafter become stockholders in the company hereby incorporated, shall be a body politic and corporate, by the name of “ The Schenectady and Saratoga Insurance Company."

S 2. The capital stock may be one hundred thousand dollars, to be divided into two thousand shares of fifty dollars each. And it shall be lawful for the said corporation, as soon as fifty thousand dollars of the said capital stock shall be subscribed and paid, or satisfactorily secured, as provided by the twenty-first section of this act, to commence their business, and with that capital to carry it on, until they shall find it expedient to extend their capital, which they are authorized to do from time to time, to an amount not exceeding the said sum of one hundred thousand dollars; and the capital stock thus extended and increased, shall be secured as aforesaid.

$ 3. In addition to the general powers and privileges of a corporation, as the same are declared in the third title of the eighteenth chapter of the first part of the Revised Statutes, the corporation hereby created shall have power to insure property of every description against loss or damage by fire, and all kinds of insurance upon personal

Stock.

Jasurance.

to stock.

opened

scriptions

property, against loss or damage in the course of inland transportation by land or water.

$ 4. The book of subscription to the capital stock of Su'scriptions this company, shall be opened under the inspection of William Cunningham, John Ohlen, Thomas Palmer, Harmanus Peek and Platt Potter, of the county of Schenectady, and Isaac Gere and James M. Cook, of the county of Saratoga, who are hereby appointed commissioners for that purpose.

S 5. The commissioners shall open the book of sub-Book to lo scription in the city of Schenectady, at such time and place as they shall appoint; notice of which shall be given in one or more of the newspapers printed in that city, at least ten days previous to opening such subscription.

S 6. The book for subscriptions shall be kept open at to be kept least two days, for six hours each day; and the sum of five dollars on each share subscribed for, shall be paid to the said commissioners at the time of making such subscription.

$ 7. If the sum of fifty thousand dollars be not taken Further subra up during the said two days, the commissioners may re- 8 ceive further subscriptions at such other times, and at such place in the city of Schenectady, as they shall appoint.

$8. The commissioners shall distribute the capital stock Distribution of the said corporation among the subscribers thereto; and in case there shall be subscription to more than the amount of fifty thousand dollars, it shall be the duty of the said commissioners to apportion the same among the subscribers thereto, in such manner as they shall deem most advantageous to the interests of the institution; but there shall not be allowed to any one of the subscribers or commissioners, directly or indirectly, or to any one in trust for him, more than fifty shares of said stock, if without such allowance the whole stock to the amount of fifty thouśand be taken up.

$ 9. All the corporate powers of the said company shall Directors. be exercised by a board of directors, and such officers and agents as they shall appoint. The board of directors shall consist of thirteen persons, all of whom must be citizens of this state and stockholders: and if any director shall remove out of the state, or cease to be a stockholder, his office as a director shall thereupon become vacant.

$ 10. The board of directors shall have power to de- Quorum: clare by a by-law, what number of directors less than a majority of the whole, shall constitute a quorum for the transaction of business; but no officer of the company shall

[ocr errors][merged small][merged small]

be appointed or removed, unless a majority of the whole number of directors shall be present at the meeting.

$11. The first election for directors under this act shall be held at such time and place in the city of Schenectady as shall be directed by the commissioners herein before appointed. The said commissioners, or any three of them, shall be inspectors of such first election. The directors then to be elected shall hold their offices until the first Monday of July, in the year one thousand eight hundred and thirty-five, and until others are elected in their stead.

S 12. The directors for every subsequent ycar shall be elected on the first Monday of July in every year, at such time of the day, and at such place in the city of Schenectady, as the directors for the time being shall appoint; and shall hold their offices for one year, and until others are elected in their stead.

S 13. Public notice of every election under this act shall be given by the commissioners or directors, not less than ten days previous to the time of holding such election, by an advertisement to be inserted in one or more of the newspapers printed in the city of Schenectady.

S 14. Each stockholder, at the time of the first election of directors, shall be entitled to one vote on each share of stock which he shall have held in his own name at least ten days previous to the time of voting. At every subsequent election, each stockholder shall be entitled to one vote on each share of stock which he shall have held for the time required by law.

S 15. All elections of directors shall be by ballot, and the thirteen persons who shall have the greatest number of votes shall be elected. And if at any election of directors the whole thirteen persons shall not be chosen, in consequence of two or more persons having an equal number of votes, then the directors who have been duly elected, shall proceed by ballot, and by plurality of votes, to determine which of the said persons so having an equal number of votes shall be director or directors, so as to complete the whole number.

S 16. Whenever a vacancy shall happen in the office of directors, such vacancy may be filled for the remainder of the year in which it shall happen, by the board of directors.

S 17. As soon as may be after the election of directors, the directors shall proceed to elect one of their number, by ballot, to be president; who shall hold the office until the first Monday of July then next following, and until another shall be elected in his stead.

Votes.

To be by ballot.

Vacancies.

Preaident.

« SebelumnyaLanjutkan »