sand dollars per annum, and the assistant clerk, appointed by him, shall receive a salary of three thousand dollars per annum, and the comptroller of the city of New York is authorized and directed to pay such clerk, deputy clerk, and assistant clerk such salaries in monthly installments out of the county treasury. The assistant clerk so appointed shall possess the same powers as the deputy clerk of said clerk. § 2. All acts and parts of acts inconsistent with the provisions of Repeal. this act are hereby repealed. §3. This act shall take effect immediately. Chap. 91. AN ACT for the protection of fish in Queechy lake, in Passed March 27, 1874; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: to be SECTION 1. It shall be unlawful for any person to fish or to take any No fish fish, by any means whatsoever, out of the waters of Queechy lake, so taken in called, situate in Canaan, in the county of Columbia and State of New three York, at any time within three years after the passage of this act. years. § 2. It shall be unlawful for any person to fish or to take any fish, by None af ter except any means whatsoever, out of the waters of said Queechy lake after the with hook term of the said three years shall have expired, except with hook and and line. line. §3. Whoever shall violate any of the provisions of this act shall for- Penalty. feit for each offense the sum of twenty-five dollars, and in default of the payment of said sum of twenty-five dollars, shall be imprisoned in the county jail for the term not exceeding thirty days. §4. Any person may bring and prosecute an action for the recovery Action, of the forfeiture imposed by this act before any justice of the peace in brought. said county of Columbia, and, if judgment be obtained, he shall be entitled to one-half of said penalty; the other half to go to the support of the poor of the town of Canaan. 5. This act shall take effect immediately. Chap. 92. AN ACT to authorize the village of Jordan to borrow money upon its corporation notes or bonds, to purchase a steam fire-engine and necessary fire apparatus for the use of said village, and to levy and collect a tax for the payment of the same. Passed March 27, 1874; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The board of trustees of the village of Jordan, in the Trustees county of Onondaga, and State of New York, is hereby authorized and mar empowered to borrow a sum of money not to exceed three thousand money to borrow bonds may be issued. may levy purchase dollars, for the purpose of purchasing a steam fire-engine and necessary ire en- fire gine, &c. apparatus, for the use of said village, and to issue therefor the Notes or promissory notes or bonds of said village, signed by the members of the board of trustees, payable in three equal annual installments from and after the year one thousand eight hundred and seventy-four, with annual interest at a rate not exceeding seven per cent. per annum. Trustees § 2. The said board of trustees of the village of Jordan is hereby an annual further authorized, and it shall be lawful for them, to raise by tax to be tax to levied and collected on the taxable property of the inhabitants of said ments. village of Jordan, the same as the corporation tax of said village is now, or has heretofore been, levied and collected, for the purpose of paying and taking up the said corporation notes or bonds provided for in section one of this act, the annual sum of one thousand dollars, and interest on the said sum of three thousand dollars, or so much thereof as shall remain unpaid at the time of the annual payments, as hereinbefore stated, until the same shall be paid in full, and said corporation notes or bonds shall have all been taken up, paid and discharged. meet pay. Vote of tax-pay ers neces § 3. The loan authorized by the first section of this act shall not be made by the said trustees of the village of Jordan, until after the same sary. shall have been authorized by the affirmative vote of a majority of the tax-payers of said village in the same manner as other moneys are Trustees authorized to be raised for village purposes, and to determine said quesmay call tion, a special meeting of the tax-payers of said village may be called by meeting. the trustees thereof, by notice published three weeks successively in any newspaper published in said village fixing the time and place of such meeting. special § 4. This act shall take effect immediately. Chap. 93. AN ACT to extend the time for the collection of taxes in the town of Catskill in the county of Greene. Passed' March 27, 1874; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The time for the collection of taxes in the town of Catskill, in the county of Greene, is extended to April fifteen, eighteen hundred and seventy-four; provided, however, that the collector of taxes in the said town, shall pay over all moneys collected by him, and renew his official bond to the satisfaction of the supervisor of said named town, within five days after the passage of this act, so as to insure the faithful performance of his official duties during the extension aforesaid. §2. This act shall take effect immediately. Chap. 94. AN ACT to enable Maria Pauss, widow of Frederick Pauss, to take and hold real estate, and to release to her the interest and title to land escheated to the State. Passed March 27, 1874; by a two-thirds vote. The People of the State of New York, represented in Senate and Assembly, do enact as follows: and vested Pauss. SECTION 1. Maria Pauss, widow of Frederick Pauss, deceased, for- Lands remerly of the city of New York, is hereby authorized to take, hold and leased to dispose of all lands and real estate situate, lying and being in the city in Maria of New York, State of New York, of which the said Frederick Pauss, formerly of said city, died seized, or of which he was the legal or equitable owner at the time of his death, the same in all respects as if the said Maria Panss was then capable of taking the same as an heir at law. And all the property, interest and title which the People of the State of New York have acquired by escheat, of, in and to said property of the said Frederick Pauss, deceased, are hereby assigned and released to and vested in said Maria Pauss, widow of said Frederick Pauss, and her heirs and assigns forever, to take, hold and dispose of the same in all respects as if she were the lawful heir at law of the said Frederick Pauss, deceased. § 2. Nothing in this act contained shall be so construed as to affect Constructhe right of any heir, devisee or purchaser, or of any creditor, by mort- tion. gage, judgment or otherwise, relating to said real estate. 3. This act shall take effect immediately. Chap. 95. AN ACT to extend the time for the collection of taxes in the towns of North Hempstead and Oyster Bay, in the county of Queens. Passed March 27, 1874; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The time for the collection of taxes in the towns of North Hempstead and Oyster Bay, in the county of Queens, is hereby extended to the first of May, eighteen hundred and seventy-four; provided, however, that the collectors of taxes in the said towns shall pay over all money collected by them, and respectively renew their official bonds to the satisfaction of the supervisors of said named towns respectively, within ten days after the passage of this act, so as to insure the faithful performance of their official duties during the extension aforesaid. 2. This act shall take effect immediately. Corporators. name. Chap. 96. AN ACT to incorporate the Farmers' and Mechanics' Passed March 28, 1874. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. Edmund L. Pitts, Oscar Whedon, William H. Watson, John Le Valley, Dyer B. Abell, William Headley, George C. Cook, Charles A. Baker, Edward Davey, Michael Cooper, Aaron B. Hunt, John M. Kennan, Wilson Tuttle, Joseph A. French and Chancellor Ensign, and their successors, shall be and they are hereby constituted Corporate a body corporate and politic, by the name of Farmers' and Mechanics' Savings Bank, of the village of Medina, and by that name shall have perpetual succession, and may sue and be sued in any of the courts of this State. First trus- § 2. The persons named in the first section of this act shall be the tees. first trustees of the said corporation, and all vacancies in the office of trustee shall be filled by the board, by ballot, without unnecessary delay, cies, how and the vote of a majority of the remaining members of the board shall be necessary to elect a trustee. Vacan filled. business. Trustees § 3. The business of the said corporation shall be managed and to manage directed by said board of trustees, who shall elect from their number a Officers. president and two vice-presidents, and may elect such other officers as they may deem expedient; and the vote of a majority of a full board of trustees shall be requisite for the appointment of any officer receiving a salary therefrom, or to fix or to increase the salary of any officer; but no trustee shall at any time be a salaried officer in said savings No compensation to trus tee, officer or servant bank. § 4. No person being a trustee, shall, directly or indirectly, receive any pay or emolument for his services, and no trustee, officer or servant tees. of said corporation shall, directly or indirectly, for himself, or as the No trus- agent or partner of others, borrow any of the funds of the said corporation, or its deposits, or in any manner use the same, or any part to borrow thereof, except to make necessary current payments, or to make investporation. ments, or to deposit for safety, under the direction and by authority of Indorser the board of trustees; nor shall any trustee, officer or servant of said and sure- corporation be an indorser or surety, or in any manner be an obligor, for moneys loaned by or borrowed of the said corporation. of the cor ty. Quorum. Meetings of the board of trustees. § 5. A quorum of said board of trustees shall consist of not less than five, of whom the president or one of the vice-presidents shall be one; and it shall be lawful for the trustees, in their by-laws, to provide for a larger quorum; but less than a quorum shall have power to adjourn from time to time, or until the next regular meeting. § 6. A regular meeting of the board of trustees shall be held once in each month, to receive the reports of their officers,, and transact such other business as may be necessary; and the trustees may, in their Non-at- by-laws, provide for calling special meetings; and any trustee omitof trustee ting to attend the regular meetings of the board for six month, unless previously excused by a vote of the board shall thereby vacate his office as trustee, but may, in the discretion of the board, be eligible to tendance vacates office. a re-election. § 7. The board of trustees of said corporation shall have power, from By-laws. time to time, to make such by-laws, rules and regulations as they may think proper for the election of officers, for prescribing their respective powers and duties, and the manner of discharging the same, for the appointment and duties of committees, and generally for transacting, managing and directing the affairs of the corporation; provided, such by-laws, rules and regulations are not repugnant to nor inconsistent with the provisions of this act, the Constitution and laws of this State or of the United States. tion. §8. The general business and object of the corporation hereby created Objects of shall be to receive on deposit any sum or sums of money that may be corpora offered for that purpose, by any person or persons, or by any religious or charitable corporations or societies, not exceeding the sum of five thousand dollars from each individual or corporation, and to invest the same, and declare, credit and pay dividends or interest thereon, as hereinafter authorized, and not otherwise; and all certificates or other evi- Certifidences of deposit, made by the proper officer of said corporation, shall cates. be as effectual to bind the corporation as if executed under the common seal thereof. § 9. It shall be lawful for the trustees of the corporation to invest Moneys, the moneys deposited with them, and the gains or profits thereof, only how inas follows, to wit: 1. In the stocks or bonds, or interest bearing notes or certificates, of the United States. 2. In the stocks or bonds, or evidences of debt bearing interest, of this State. vested. 3. In the stocks or bonds of any city, or county of this State, issued pursuant to the authority of any law of this State, but not exceeding Limitaten per cent. of the assets of the corporation shall consist of city or county bonds. 4. In bonds and mortgages on improved, unincumbered and productive real estate, situate in this State, worth at least twice the amount loaned thereon; but not to exceed fifty per cent. of the assets of the corporation, shall consist of such bonds and mortgages. tion. hold and real 5. It shall be lawful for the corporation to purchase, hold and convey Power to real estate only as follows: 1. A lot and banking house requisite for purchase the transaction of its business, and for an income from such portions convey of the same as are not required for its own use. 2. Such as shall have estate. been purchased at sales upon statute or other foreclosures of mortgages owned by the corporation, or upon judgments or decrees obtained or rendered for debts due to it; and all such real estate as is described in certain the last preceding clause shall be sold by the trustees within five years reagee after the same shall be vested in the corporation, unless, upon applica- sold withtion by the trustees the Superintendent of the Banking Department years. shall extend the time within which such sales shall be made. real estate in five upon real § 10. In all cases of loans upon real estate, a sufficient bond, or other Loans personal security, shall be required of the borrower, and all the expenses estate, of searches, examinations, and certificates of title or appraisals of value, how seand of drawing, perfecting and recording papers, shall be paid by such borrower. cured. ance. § 11. Whenever buildings are included in the valuation of any real Insurestate, upon which a loan shall be made by said corporation, they shall be insured by the mortgagor for at least two-thirds their value in such company doing business in this State as the trustees shall direct, and the policy of insurance shall be duly assigned to the corporation; and Renewals it shall be lawful for said corporation to renew such policy of insurance of insurance. |