terest

lowed.

dends allowed in such manner, that each depositor shall receive the same ratable proportion of interest or dividends as all others of his class. It shall be unlawful for the trustees of any savings bank to Period for declare or allow interest on any deposit for a longer period than the which insame has been deposited, except that deposits made not later than the may be altenth day of the month, commencing any semi-annual interest period, or than the third day of any month, or withdrawn on one of the last three days of the month ending any quarterly or semi-annual interest period, may have interest declared upon them for the whole of the period or month when so deposited or withdrawn. No dividends or interest shall be declared, credited or paid, except by the authority of a vote of the board of trustees, duly entered upon their minutes, whereon shall be recorded the ayes and nays upon each vote, and whenever any interest or dividends shall be declared and credited in excess of the interest or profits earned, and appearing to the credit of the corporation, the trustees voting for such dividend shall be jointly and severally liable to the corporation for the amount of such excess so declared and credited. And it shall be the duty of the trustees of any such corporation, whose surplus amounts to fifteen per centum of its Surplus to deposits, at least once in three years, to divide equitably the accumu- ed. lation beyond such authorized surplus, as an extra dividend to depositors, in excess of the regular dividends hereinbefore authorized. A Notice of notice posted conspicuously in the bank of a change in the rate of rate. interest shall be equivalent to a personal notice. § 2. This act shall take effect immediately.

Chap. 49.

AN ACT to amend section sixty, title seven, and sections five and ten, title nine, chapter five hundred and fiftyfive, laws of eighteen hundred and sixty-four, entitled "An act to revise and consolidate the general acts relating to public instruction," and the acts amendatory thereof and supplementary thereto.

PASSED March 22, 1884; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. The first paragraph of section sixty, title seven, chapter five hundred and fifty-five, laws of eighteen hundred and sixty-four, as amended by section six, chapter four hundred and thirteen of the laws of eighteen hundred and eighty-three, is hereby amended so as to read as follows:

be divid

change of

trustees

§ 60. The trustees of each school district shall, between the twentieth When day of August and the last Tuesday of August, in each year, make to make and direct to the school commissioner a report in writing, dated on the report. twenty-first day of August of the year in which it is made, and shall sign and certify it, and deliver it to the clerk of the town in which the school-house of the district is situated; and every such report shall certify.

§ 2. Section five, title nine, chapter five hundred and fifty-five, laws of eighteen hundred and sixty-four, as amended by section ten, chap

Meeting, organization of, etc.

of trustees.

educat'n.

ter four hundred and thirteen, laws of eighteen hundred and eighty-
three, is hereby amended so as to read as follows:

§ 5. Any such meeting, held as aforesaid, shall be organized by the
appointment of a chairman and secretary, and may be adjourned from
time to time by a majority vote; provided that such adjournment shall
not be for a longer period than ten days; and whenever any such
meeting, at which not less than fifteen persons entitled to vote thereat
shall, by the affirmative vote of a majority present and voting,
determine to establish a union free school in said district, pursuant to
such notice, it shall thereupon be lawful for such meeting to proceed to
Election the election, by ballot, of not less than three, nor more than nine
trustees, who shall, by the order of such meeting, be divided into three
several classes; the first to hold until one, the second until two, and
the third until three years from the last Tuesday in August coincident.
with or following, except in the cases in the next section provided for;
and when the trustees so elected shall enter upon their office, the office
of any existing trustee or trustees shall cease, except for the purposes
Board of stated in section eleven of title six of this act. The said trustees, and
their successors in office, shall constitute the board of education of and
for the union free school district for which they are elected, and the
designation of such district as union free school district number of
the town of
shall be made by the school commissioner having
ignated jurisdiction of the district; and the said board shall have the name and
missioner. style of the board of education of
(adding the desig-
nation aforesaid); copies of said call, minutes of said meeting or meet-
of meetings, duly certified by the chairman and secretary thereof, shall be by
transmit them, or either of them, transmitted and deposited, one to and with
ted to the town clerk, one to and with the school commissioners, in whose
jurisdiction said districts are located, and one to and with the super-
intendent of public instruction; but when at any such meeting, the
question as to the establishment of a union free school shall not be
decided in the affirmative, as aforesaid, then all further proceedings at
such meeting, except a motion to reconsider or adjourn, shall be
dispensed with, and no such meeting shall be again called within one
year thereafter.

Number

to be des

by com

Minutes

ing

town

clerk.

Power of majority

to vote

§ 3. Section ten, title nine, chapter five hundred and fifty-five, laws of eighteen hundred and sixty-four, is hereby amended so as to read as follows:

§ 10. A majority of the voters of any union free school district other than those whose limits correspond with an incorporated city or village, taxes, etc. present at any annual or special district meeting, duly convened, may authorize such acts, and vote such taxes as they shall deem expedient for making additions, alterations or improvements to or in the sites or structures belonging to the district, or for the purchase of other sites or structures, or for the erection of new buildings, or for buying apparatus or fixtures, or for paying the wages of teachers and the necessary expenses of the school, or for such other purpose relating to the support and welfare of the school as they may, by resolution, approve ; and they may direct the moneys so voted to be levied in one sum, or by installments; and the board of education shall make out their tax list, and attach their warrant thereto, in the manner provided in article seven of title seven of this act, for the collection of school district taxes, and shall cause such taxes or such installments to be collected at such times as they shall become due. No vote to raise money shall be rescinded, nor the amount thereof be reduced at any subsequent meeting, unless the same be done within ten days after the same shall have

Vote not

to be rescinded

after ten days.

borrow money.

been first voted. For the purpose of giving effect to these provisions, trustees, or boards of education are hereby authorized, whenever a tax shall have been voted to be collected in installments for the purpose of building a new school-house, to borrow so much of the sum voted as Power to may be necessary, at a rate of interest not exceeding six per cent, and to issue bonds or other evidences of indebtedness therefor, which shall be a charge upon the district, and be paid at maturity, and which shall not be sold below par; due notice of the time and place of the sale of such bonds shall be given at least ten days prior thereto. § 4. This act shall take effect immediately.

Chap. 50.

AN ACT to authorize the extension of the time for the collection of taxes in the city of Oswego, New York.

PASSED March 22, 1884; three-fifths being present.

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

tions up

time for

SECTION 1. If the collectors of taxes in the city of Oswego, New CondiYork, shall pay over all moneys collected by them, and shall renew on which their bonds, as herein provided, the time for the collection of all unpaid collection taxes, and for making returns thereof by them, shall be, and is hereby extended. extended, to the first day of July, one thousand eight hundred and eighty-four. Such bond shall be renewed with such sureties as shall Bond, penalty be approved by the supervisors of the city of Oswego, or a majority of, etc. thereof; and the penalty shall be double the amount of taxes in each case remaining uncollected. The bond shall be approved in writing, and filed in the same manner as the original bond is required by law to be filed, and to have all the effect of the collectors' or receivers' bond. Nothing herein contained shall be construed as extending the time for the payment of the state tax, or any part thereof, by the county treasurer of Oswego county to the comptroller as now provided by law.

secretary

§ 2. It shall be the duty of the secretary of state, immediately after Duty of the passage of this act, to notify the treasurer of said county of such of state. passage.

§ 3. This act shall take effect immediately.

$8,000 ap

propri. ated.

Old machinery to

Chap. 51.

AN ACT making an appropriation for the purchase and setting of machinery for the Onondaga Salt Springs, the building of well-houses and cisterns, and to authorize the sale of old machinery and material.

PASSED March 22, 1884; three-fifths being present.

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. The treasurer shall pay on the warrant of the comptroller, as the same shall be required by the superintendent of the Onondaga Salt Springs, out of any money in the treasury not otherwise appropriated, the sum of eight thousand dollars, or so much thereof as may be necessary, which sum is hereby appropriated for the purchase and setting of a new engine, new boilers and well pumps for the Marsh group of wells in the Salina district of the Onondaga Salt Springs Reservation, and for building thereon houses for the protection of wells and cisterns as reservoirs of brine; which sum shall be expended under the care and direction of the said superintendent, who is hereby charged with such duty.

§ 2. The said superintendent is hereby authorized and directed to be sold at sell at public auction, after suitable advertisement thereof, to the auction. highest bidder therefor, the old machinery and material which shall be rendered unnecessary for the purposes of the state and become unused by reason of the improvements provided for in section one of this act, and he shall pay the proceeds thereof into the treasury of the state to the credit of the general fund.

§ 3. This act shall take effect immediately.

Tax for

Chap. 52.

AN ACT to amend chapter three hundred and eighty-five of the laws of eighteen hundred and sixty-two, entitled "An act to amend and consolidate the several acts relative to the city of Schenectady."

PASSED March 22, 1884; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Section five of tit'e five of chapter three hundred and eighty-five of the laws of eighteen hundred and sixty-two, entitled "An act to amend and consolidate the several acts relative to the city of Schenectady," is hereby amended so as to read as follows:

§ 5. The common council of the city of Schenectady may raise highways, annually by tax, for the purpose of constructing and repairing highways bridges, fire appa and bridges, and the necessary public buildings and constructions of ratus, etc. said city, for providing necessary apparatus and means for the pre

vention and extinguishment of fires, for lighting the streets of said city, for defraying the expenses of the poor of said city, for salaries of officers of said city, and for necessary contingent expenses of said city, and for such other purposes as are authorized by this act, a sum not exceeding in the aggregate forty thousand dollars, the amount required to be raised under each head to be specified seperately.*

§ 2. Section six of title five of said act is hereby amended so as to read as follows:

and esti

pendi

§ 6. The said common council shall make up, on the first Tuesday of Account November in each year, an account of the city expenditures, from and mate of including the first day of March preceding, to that date, for the several city expurposes named in the last preceding section, and shall, at the same tures. time, estimate the expenditures to be incurred for the same purposes, to and including the last day of February thereafter; and it shall be the duty of the said common council to cause to be raised by tax, in Amount the mode now provided by law, the entire amount, after deducting the to be raised by moneys received by the common council, which are applicable thereto, tax. of such ascertained and estimated expenditures, not exceeding the aforesaid sum of forty thousand dollars; and shall also cause to be raised by tax such sum as the board of education shall, in the manner hereinafter provided, certify to be necessary for school purposes; and also such sum, not exceeding ten thousand dollars, as shall be estimated by. the board of police to be necessary for defraying the expenses of the police of said city, as provided by section twenty-three of chapter two hundred and twenty-nine of the laws of eighteen hundred and seventy; and also such further sum as shall be necessary to pay the city debt and interest thereon, and which shall become due prior to the first of March of the next ensuing fiscal year, and the moneys so raised shall be applied to the purposes for which they were raised; and the said common council shall pay such city debt as it Payment shall become due, and the said common council shall not incur any debt, etc. expenditure or liability for any purpose whatever, except those named in the last preceding section, nor beyond the aforesaid sum of forty thousand dollars, except for school purposes, as hereinafter provided, or in payment of the funded debt of the city, or for defraying the expenses of the police of said city, as provided by section twentythree of chapter two hundred and twenty-nine of the laws of eighteen hundred and seventy.

§ 3. This act shall take effect immediately.

Chap. 53.

AN ACT to amend chapter five hundred and eighty-nine of the laws of eighteen hundred and seventy-five, entitled "An act to extend the powers of the trustees of the village of Wilson, in the county of Niagara.'

PASSED March 22, 1884; three-fifths being present.

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Subdivision eleven of section one of chapter five hundred and eighty-nine of the laws of eighteen hundred and seventy-five,

*So in the original.

of city