prentices and others, passed March 25th, 1848; and an Act authorizing the Board of Education of the city and county of New York to establish a Free Academy in said city, passed May 7th, 1847, and all other acts and parts of acts, inconsistent with, or repugnant to, the provisions of this Act are hereby repealed. An Act further to amend the Charter of the city of [The only sections of this Act which relate to public instruction, are the following:] "§ 16. All the ordinary appropriations made for the support and government of the Alms House Department shall, before the same are finally made, be submitted by the Governors of the Alms House to a Board of Commissioners, consisting of the Mayor, Recorder, Comptroller, the President of the Board of Aldermen, and the President of the Board of Councilmen; if the said Commissioners approve of the appropriation they shall immediately report the same to the Board of Supervisors; if they shall disapprove of the same, they shall return them with their objections to the Governors of the Alms House for re consideration, and in case the said Governors shall, upon a re-consideration adhere by a vote of two-thirds of all the Governors then in office to the original appropriations, they shall return them to the Commissioners, whose duty it shall be to report to the Board of Supervisors." "§ 17. The Board of Education shall also submit in like manner all appropriations, required by them, to the Commissioners named in the last preceding section, and said appropriations shall be subject to all the provisions of said section, so far as the same may be applicable." An Act relative to Common Schools in the city of New York. Passed June 4, 1853. § 1. The Public School Society of the city of New York, shall, on or before the first day of September, eighteen hundred and fifty-three, convey and transfer according to this act, by deed to be approved by the Counsel to the Corporation of said city, all their corporate property, to the Mayor, Aldermen, and Commonalty of the city of New York, subject to all liens and incumbrances thereon, and the debts of said Society; and thereupon the said property shall belong to the said Mayor, Aldermen, and Commonalty, in the same manner as the school property now used and occupied by the ward schools belongs to the said Mayor, Aldermen, and Commonalty; and the schools. of the Public School Society shall be Ward Schools subject to the same control, and enjoy the same rights and privileges as if originally organized as Ward Schools; but such portions of the property aforesaid as have been granted to the Public School Society, subject to the trust, that the same shall be devoted to the purposes of Common Schools, shall be held subject to such trust, and the premises now known as Trustees' Hall, situated at the corner of Grand and Elm streets, shall be used and occupied by the Board of Education, as long as they may think advisable, for the meetings and business thereof, and for such educational purposes as the said Board may direct; and the residue of the property aforesaid shall be conveyed for the purposes of Common Schools, in the same manner as the property purchased by the authority of the Board of Education, for the purposes aforesaid. § 2. The Public School Society shall, at the time of such conveyance, make a detailed statement of all their property, real and personal, and of all their debts of every description, existing at the time of such conveyance, which shall be certified as a full, just, and true statement of all such property and debts, by their President, Treasurer and Secretary, and shall deliver one copy thereof, so certified, to the Comptroller of the city of New York, and the other copy, so certified, to the Clerk of the city and county of New York, for the use of the Board of Supervisors of the city and county of New York; and the said Board of Supervisors shall thereupon proceed to audit and determine the amount of all the debts of the said society, and shall cause the same to be certified and filed with the said Comptroller. §3. Upon the amount of the debts of the said Society being so certified and filed, it shall be lawful for the Mayor, Aldermen and Commonalty of the city of New York, and it shall be their duty to raise, by loan, a sum not exceeding the amount of the debt so certified and filed, by the creation of a public fund or stock, to be called "The Public Education Stock of the city of New York, of the year one thousand eight hundred and fifty-three," which shall bear an interest of five per cent. per annum, and which shall be redeemable at a period of time not more than twenty years from the passage of this Act. The said Mayor, Aldermen and Commonalty, shall determine of what number of shares the said stock shall consist, and the said stock shall be disposed of by public competition, under the direction of the Commissioners of the Sinking Fund of the city of New York. The moneys raised by virtue of this Act, shall be applied for the purpose of paying and discharging all the said debts; any deficiency, by reason of interest accruing on the said debts, after the same are so certified and filed, shall be paid by the said Mayor, Aldermen and Commonalty, out of the City Treasury; and any excess, by reason of the said stock being disposed of at a premium, shall be held as a part of the Sinking Fund hereinafter provided §4. The Board of Supervisors shall, yearly and every year, until the said stock shall be wholly redeemed and paid of, order and cause to be raised by tax on the estate, real and personal, of the freeholders and inhabitants of, and situated within the said city and county, and to be collected according to law, a sum of money sufficient to pay the interest on the said stock as the same falls due, and to pay and discharge the principal by the time the same shall be payable. All of which monies so to be raised shall be under the management and control of the Commissioners of the Sinking Fund of the city of New York, and all such moneys, so to be raised, are hereby inviolably pledged to pay the interest and redeem the principal of the said stock. 5. The Public School Society may, immediately after so conveying all their corporate property, appoint fifteen from the then Trustees of said Society, to be Commissioners of Common Schools for the city of New York, and members of the Board of Education, designating the ward for which each person is appointed and not more than one for any one wardwho shall hold their offices till the first day of January, one thousand eight hundred and fifty-five; and the said Public School Society may also, at the same time, appoint from among their own Trustees, three Trustees of Common Schools for each ward of said city, in which one or more of the schools of said Society are now established, designating the ward for which each person is appointed; and the said Trustees so appointed shall be so designated in the certificate of appointment, that one shall serve until January first, eighteen hundred and fifty-five, one till January first, eighteen hundred and fifty-six, and one until January first eighteen hundred and fifty-seven. The said, app intments shall be made by a certificate signed by he officers of said Society, and filed with the Clerk of the Board of Education; and the said Commissioners and Trustees so appointed shall have the same rights and powers, and be subject to the same liabilities and duties as other Commissioners and Trustees of Common Schools in said city, except that they need not reside in the wards for which they are appointed. Any vacancy occurring in the office of any such Commissioner or Trustee, shall be filled in |