Banks, &c., to publish annual statement of dividends or profits unclaimed.

posits.

No. 171.

AN ACT

Requiring banks and other corporations to give notice of unclaimed dividends, deposits and balances in certain cases.

SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That each of the banks, savings institutions, loan companies and insurance companies, and each and every other of the companies, institutions or associations incorporated by or under any law of this commonwealth, and legally authorized to declare and make dividends of profits amongst the stockholders thereof, shall, in the month of December of the present year, and annually thereafter, cause to be published, for four successive weeks, in one or more public newspapers, having the largest circulation, printed in the city or county in which such bank, savings institution, loan company, insurance company or other company, institution or association may be located, or in which its principal office or place of business may be situated, a true and accurate statement, verified by the oath or affirmation of the cashier or treasurer thereof, of all dividends or profits declared on its capital stock, which, at the date of such settlement, shall have remained unclaimed by the person, co-partnership or corporation authorized to receive the same, for the period of three years then next preceding; which said statement shall set forth the names, and, if known, the residence and business of the persons, copartnerships or corporations in whose favor said dividends or profits may have been declared, the amount of such dividends or profits, and the number of shares in the capital stock upon which the same had accrued.

SECTION 2. That each of the said banks, savings institutions and loan To publish annu- companies, and each and every saving fund society, insurance or trust ally a statement of unclaimed decompany, or other company, institution or association, incorporated as aforesaid, and legally authorized to receive deposits of money, shall, in the said month of December of the present year, and annually thereafter, cause to be published, in like manner, and for the same period, a statement, verified as aforesaid, of the names, and, if known, the residence and business of all persons, co-partnerships or corporations who have made deposits therein, or have balances due them, and who have not, within the three years then next preceding the date of said statement, either increased or diminished the amount of such deposits or balances, or received any interest thereon, with the dates when such deposits were made, or balances accrued, the amount thereof, and the amount of interest, if any, accruing thereon.

Penalty for neglect or refusal.

SECTION 3. If any such bank, savings institution, loan company, insurance company or other banking institution or association, incorporated as aforesaid, shall neglect or refuse to publish the statement hereinbefore required to be published, the same, and the cashier or treasurer thereof, in his individual capacity, shall be liable to the party in whose name such unclaimed dividend, profit, deposit or balance may stand, or to his, her or their legal representatives for the amount thereof, with interest thereon, at the rate of twelve per cent. per annum from the date

escheat to the

of such dividend, profit, deposit or balance until paid, recoverable by action of debt, as in other cases: Provided, That nothing herein con tained, shall be so construed as to require the publication of any such unclaimed dividends or profits, amounting to less than five dollars, nor such unclaimed deposits or balances amounting to less than ten dollars. SECTION 4. That at the expiration of three years after the first publication of any particular dividend or profits, balance or deposit, with When unclaimed the interest that has accrued thereon, as provided for by the first and dividends, profits second sections of this act, such dividend or profit, balance or deposit, or deposits shall with the interest that has accrued, if not demanded within that time by commonwealth. the rightful owner or owners thereof, or their legal representatives, shall escheat to the commonwealth, and shall be paid into the treasury thereof without discount or deduction, for commissions, fees or expenses of any description by the cashier, treasurer or other proper officer of said bank, savings institution, loan company, insurance company, saving fund soriety or other company, institution or association, in which such dividend or profit, balance or deposit shall have remained without being demanded, as aforesaid, or without being increased or diminished for the length of time aforesaid; and the said bank, savings institution, loan company, insurance company, saving fund society or other company, institution or association, as the case may be, shall thereupon be discharged from any obligation or liability to pay over such dividend or profit, balance or deposit, or interest thereon, to the owner or owners thereof, that the said owner or owners, or their legal representatives, upon application to the state treasurer, for the time being, and producing satisfactory proof to that officer of his, her or their right to such dividend or profit, balance or deposit, with the interest thereon, paid into the treasury, as aforesaid, or any part thereof, shall receive from the commonwealth the amount he, she or they shall be found legally or equitably entitled to: Provided. That the expense of the publication or publications required by this act, shall be paid out of such dividend or profit, balance or deposit so published.

JAMES COOPER.

Speaker of the House of Representatives.

CH. GIBBONS,
Speaker of the Senate.

APPROVED-The sixth day of March, one thousand eight hundred

and forty-seven.

FRS. R. SHUNK.

Commissioners appointed to survey and define boundary.

No. 172.

AN ACT

To incorporate the borough of Titusville, in the county of Crawford.

SECTION 1. Be it enacted by the Senate and House of Representa tives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That William Robinson, of Venango, John M. Titus and Salmon S. Bates, of Crawford, are hereby appointed commissioners to survey, define and mark boundaries to a territory lying in the township of Oil Creek, the county of Crawford; said territory to be surveyed or laid out within tracts, number twenty-seven, twenty eight, twenty-nine, thirty-three and thirty-four, or from such part or parts of the said tracts, including the village of Titusville, as to them shall appear the most proper and convenient, for the purposes hereinafter mentioned; and said commissioners shall make return of said survey to the recorder of Crawford county, who shall record the same as evidence of said boundaries; and Erected into a bo- the territory so designated, is hereby erected into a borough, to be called rough. the borough of Titusville.

SECTION 2. The inhabitants of said borough, qualified to vote for Annual elections. members of the general assembly, shall, on the third Friday of March next, and on third Friday of March in every year thereafter, meet at the school house in said borough, and then and there, between the Borough officers hours of one o'clock and seven o'clock in the afternoon, elect, by ballot, to be elected. one citizen, who shall be styled the burgess of said borough, and four other citizens to be members of the town council; and at the first elecSchool directors. tion, three school directors, one to serve one year, one for two years and one for three years, and thereafter one school director annually, and one person to be constable of said borough, whose name shall be returned to the next court of quarter sessions, for the like purposes as in elections of township constables. The said inhabitants shall also, at the same time and place, elect two justices of the peace, one judge and two inspectors of elections, and assessors, agreeable to the laws of this commonwealth; the said elections shall be conducted in the same manner as is provided for the election of township officers of this commonwealth, except that the certificates of the election of burgess, town council and school directors shall be filed among the records of the corporation Provided, That the first election to be held under this act, shall be held by a judge and inspectors, to be chosen by the inhabitants present at the opening of the election, by the constable of the township of Oil Creek, who is hereby required to attend at the said school house, on the third Friday of March next, and open said election.

Justices of the peace.

Proviso.

SECTION 3. That from and after the said third Friday of March next, To be a body cor- the burgess and town council duly elected, and their successors, shall porate. be one body politic and corporate, by the name, style and title of the burgess and town council of the borough of Titusville, and shall have, possess and enjoy all the rights, liberties, franchises and privileges of a borough incorporated in pursuance of the act passed first of April, Anno Domini eighteen hundred and thirty-four, entitled "An Act to provide for the incorporation of boroughs ;" and the several provisions of said act, so far as the same are not inconsistent with this act, shall extend to

and be in force within said borough, as fully as if the said borough had

been incorporated agreeably to the provisions thereof.

SECTION 4. The justices of the peace residing in said borough, shall Present commiscontinue to hold their commissions as if this act had not been passed; sions of justices and the first election of justices, under this act, shall be held on the of the peace. third Friday of March next.

SECTION 5. The constable of said borough shall perform the duties Duty of constable. of high constable therein until otherwise provided; but the burgess and

town council may authorize the election or appointment of a high constable, if they deem it expedient.

SECTION 6. The said borough shall be a separate school district, and Separate school shall be entitled to all arrearages of taxes levied on the property within district. the same, and not specifically appropriated prior to the passage of this act; and the school directors elected under this act, shall perform the same duties and possess the like powers, in all respects, as school directors elected agreeably to the general laws of this commonwealth.

SECTION 7. The said borough shall be a separate election district, Separate election and the electors thereof shall hold their borough and general elections district. at the school house in said borough.

JAMES COOPER,

Speaker of the House of Representatives.

CH. GIBBONS,

Speaker of the Senate.

APPROVED-The sixth day of March, one thousand eight hundred

and forty-seven.

FRS. R. SHUNK.

No. 173.

A FURTHER SUPPLEMENT

To an act, entitled "An Act to incorporate the Clifford and Carbondale turnpike road company, and so forth," passed twenty-fifth March, eighteen hundred and forty-two.

SECTION 1. Be it enacted by the Senate and House of Representalives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That

the Clifford and Carbondale turnpike road company are hereby author- To extend to ized to extend their turnpike from its present terminus, in Clifford town- Lanesboro' turnship, Susquehanna county, northwardly to the Lanesboro' turnpike, at pike.

or near the grist mill, on the Tunkhannock creek, in the township of Gibson, in said county, owned by Elisha Williams; and that the said extension shall in all respects be subject to all and singular the provisions and penalties of the act to which this is a supplement.

SECTION 2. That from and after the passage of this act, the tolls to Tolls to be be charged and collected on the said Clifford and Carbondale turnpike, charged. and the extension thereof, when completed and opened for travel, as provided by law, shall be the same as those chargeable by law upon

the Milford and Owego turnpike road; and so much of the act of which this is a supplement, as is hereby altered or supplied, is hereby repealed. JAMES COOPER,

Speaker of the House of Representatives.

APPROVED-The sixth day of March, one thousand eight hundred and forty-seven.

No. 174.

FRS. R. SHUNK.

Wards divided into precincts.

AN ACT

To divide certain wards, in the city of Philadelphia, into election precincts.

SECTION 1. Be it enacted by the Senate and House of Representatives of the Commonwealth of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of the same, That from and after the passage of this act. for all general, special and ward elections, Locust ward, South ward, Middle ward, North ward, South Mulberry ward, North Mulberry ward, Upper Delaware ward, and Lower Delaware ward, in the city of Philadelphia, shall each be divided into two election precincts, to be bounded and described as follows: East Locust, bounded by the west side of Delaware Seventh street, the north side of Spruce street, the east side of Twelfth street and the south side of Walnut street; West Locust, bounded by the west side of Twelfth street, the north side of Spruce street, the river Schuylkill and the south side of Walnut street; East South, bounded by the west side of Delaware Seventh street, the north side of Walnut street, the east side of Twelfth street and the south side of Chesnut street; West South, bounded by the west side of Twelfth street. the north side of Walnut street, the river Schuylkill and the south side of Chesnut street; East Middle, bounded by the west side of Delaware Seventh street, the north side of Chesnut street, the east side of Broad street and the south side of Market street; West Middle, bounded by the west side of Broad street, the north side of Chesnut street, the river Schuylkill, and the south side of Market street; East North, bounded by the west side of Delaware Seventh street, the north side of Market street, the east side of Twelfth street and the south side of Mulberry street; West North, bounded by the west side of Twelfth street, the north side of Market street, the river Schuylkill and the south side of Mulberry street; East South Mulberry, bounded by the west side of Delaware Seventh street, the north side of Mulberry street, and the east side of Twelfth street and the south side of Sassafras street; West South Mulberry, bounded by the west side of Twelfth street, the north side of Mulberry street, the river Schuylkill and the south side of Sassafras street; East North Mulberry, bounded by the west side of Delaware Seventh street, the north side of Sassafras street, the east