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CHAP 56.

AN ACT to amend chapter four hundred of the laws of eigh

teen hundred and seventy-two, entitled “An act to incorporate the Oswegatchie Bridge Company."

PASSED May 31, 1882; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Section seven of chapter four hundred of the laws of eighteen hundred and seventy-two, entitled “ An act to incorporate the Oswegatchie Bridge Company,” is hereby amended so as to read as

follows: Corpo- 87. The said corporation, for the purpose of constructing a bridge ration may and railways, as in the third and fourth sections specified, is hereby and hold authorized to purchase and hold so much real estate as shall be usereal estate, ful, necessary or advantageous in the erection, maintenance and con

struction of such bridge and railways, or to open rights of way thereto; also, so much as may be necessary for a passenger and local freight station for any railroad or railroads now terminating, or which may hereafter be constructed to terminate in the city of Ogdensburg, anil to erect and maintain thereon all necessary buildings, wharves or other structures, and to charge and receive compensation for the use of the same; and the further right to sink and maintain piers, and to drive and maintain piles in the waters and bed of the said rivers, as may be necessary for the same purposes.

§ 2. Section eight of said act is hereby amended so as to read as

follows : Subscrip- 8 8. The directors herein named are authorized to receive subscrip

tions to the capital stock of said corporation hereby authorized, at such time and place as shall be by them designated, to fix the terms and times of payment, and in case of default of payment at the times when

the same shall become due, to prosecute the same or forfeit the stock, Corpo- together with all payments made thereon ; and the Ogdensburg nained

and Lake Champlain Railroad Company, the Rome, Watertown and may sub- Ogdensburg Railroad Company, the Utica and Black River Railroad

Company, and any corporation which may hereafter construct a railroad to said city, are hereby authorized and empowered to subscribe to said stock and to issue and sell the stocks and bonds of their respective corporations in payment for the same, and to guarantee the payment, principal and interest, of any bond or bonds that may be lawfully issued by said Oswegatchie Bridge Company.

3. This act shall take effect immediately.

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CHAP.25,

AN ACT making an appropriation for the purchase of an

agricultural experiment station.

PASSED May 31, 1882; 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 comp- $25,000 troller, to the order of the president of the board of control of the appropri state agricultural experiment station, upon vouchers to be approved by purchase the comptroller, the sum of twenty-five thousand dollars, or so much farm, eto. thereof as may be necessary for the payment of the purchase-price of the farm selected by said board of control for the experiment station, under the provisions of chapter five hundred and ninety-two of the laws of eighteen hundred and eighty, as amended by chapter seven hundred and two of the laws of eighteen hundred and eighty-one; and said sum of twenty-five thousand dollars is hereby appropriated for that purpose,

8 2. This act shall take effect immediately.

CHAP. 258.

ration may receive

AN ACT to amend chapter five hundred and ninety-six of the . laws of eighteen hundred and seventy-four, entitled “An act to incorporate the Manhattan Mortgage and Trust Company.'

PASSED June 1, 1882 ; three-fifths being present, The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Subdivision three of section two of chapter five hundred and ninety-six of the laws of eighteen hundred and seventy-four, entitled “An act to incorporate the Manhattan Mortgage and Trust Company,” is hereby amended so as to read as follows:

3. To receive deposits of money, securities and other personal Corpoproperty from any person, and to loan money on real or personal security; to act as the fiscal agent or transfer agent of any state, deposits

. municipality or corporation, and in such capacity to receive and disburse money, and transfer, register and countersign certificates of stock, bonds or other evidences of indebtedness; to act as trusteo urder any mortgage issued by any municipality or corporation and to accept and execute any other municipal or corporate trust not inconsistent with the laws of this state, and to take and accept by grant, assignment, transfer, devise or bequest, and hold any real or personal estate on trusts created in accordance with the laws of this state or of the United States, and also to take, accept and execute any and all such legal trusts, duties and powers as may be granted or confided to it by any court of record or by any person, corporation, municipality or other authority.

$ 2. Section five of same act is hereby amended so as to read as follows:

etc.

Subscriptions to capital stock.

§ 5. The corporators shall open, or cause to be opened, books of subscription to the capital stock of said company, and give due notice thereof, by advertisement in one or more newspapers of the city of New York. Each subscriber shall pay ten per centum of the amount of shares he subscribes for at the time of subscription, or his subscription shall be invalid. In cases where subscription books are opened for an increase of capital, the holders of shares theretofore issued and then outstanding shall have a preference in subscribing to such extent and in such manner as the board of directors shall determine. The said company shall have power to call in the amount of capital by installments. If any subscriber shall fail to pay any such installment, after ninety days' notice requiring payment thereof, the shares on which the installment shall be in arrear, together with all previous payments thereon, shall be forfeited to the use of said company.

§ 3. Section seven of the same act is hereby amended so as to read as follows:

$7. The said company shall report semi-annually its condition and operations to the superintendent of the banking department, and shall make such report whenever required by him, and the supreme court may at any time on application made, or otherwise, authorize any person or persons, under such directions as the said court may prescribe, to examine the books and accounts of the said company, and inquire into and report upon its management and affairs.

8 4. This act shall take effect immediately.

Semi-annual report.

CHAP, 259.

Pier num.
ber two
set apart
for ferry
purposes.

AN ACT to provide for additional ferry slips and facilities in

New York city for the ferries operated and running between
Whitehall street in the city of New York and the city of
Brooklyn.

Passed June 1, 1882; three-fifths being present.
The People of the State of New York, represented in Senate and
Assembly, do enact as follows:

SECTION 1. The pier known and designated as pier number two in the East river, in the city of New York, and the land under water lying easterly of said pier to the westerly side of pier number three, shall after the fifteenth day of June, eighteen hundred and eighty-two, be devoted and set apart for the purposes of additional ferry slip accommodation, for the ferries operated and running between Whitehall street, in the city of New York and Atlantic avenne in the city of Brooklyn, known as the Union Ferry Company.

2. Before using the said pier number two or the waters easterly

thereof to pier number three, the lessees of the aforesaid ferries are purchase hereby authorized and required to purchase or acquire the right to or by

use the said pier number two and the land under water described in the first section of this act, provided they can agree with the owner or owners, and lessee or lessees on the price to be paid therefor. And

should the lessees of said ferries be unable, within sixty days after the law,

passage of this act, to agree with the said owner or owners, and lessee or lessees, for the purchase of or the right to use the aforesaid pier and land under water, they shall acquire title to the same in the manner and by the proceedings provided by law for acquiring title to

Right to be acquired by

same proceedings as under general railroad

lands for railroad use by railroad corporations, so far as the same are applicable thereto; except, that in any of the proceedings authorized by this section it shall not be necessary that the petition to the supreme court shall make any allegations of, or any reference to, any incorporation or capital stock, nor to any surveys or maps further than to describe the property proposed to be taken, nor of the filing of any certificate of location. Provided that nothing in this section shall Proviso. authorize the Union Ferry Company to acquire the fue of any property now owned by the city of New York.

§ 3. The property herein authorized and directed to be acquired to be for the purposes of additional ferry slip accommodations shall, after clusively the title thereto is acquired in accordance with the provisions of this act, for ferry be thereafter fitted for, devoted to, and used exclnsively for said purposes, and shall be taken and paid for by any futuro lessecs of said ferry in the same manner that other property owned by the previous lessees is or has to be paid for on a change of lessees of said ferry.

§ 4. All acts and parts of acts inconsistent with the provisions of this act are hereby repealed, so far as they are in conflict therewith.

85. This act shall take effect immediately.

purposes.

CHAP 280.

AN ACT to grant to the city of Yonkers certain land under

water on the Hudson river, below high-water mark, for a public dock and pier, and for city purposes.

Passed June 3, 1882.

to city.

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

SECTION 1. The following described land under water of the Hud- Lands son river, below original high-water mark, is hereby given, granted under and conveyed to the city of Yonkers : All that certain piece or parcel granted of land under water of the Hudson river, below original high-water mark, situate, lying and being in the city of Yonkers, in the county of Westchester, bounded and described as follows, namely: Beginning at the angle of intersection of the westerly line of certain land under water, granted by the people of the state of New York to the city of Yonkers, by act of the legislature of the state of New York, passed June twenty-second, eighteen hundred and seventy-seven, being chapter four hundred and seventy-five of the laws of eighteen hundred and seventy-seven, with the northerly line of certain land under water granted by the people of the state of New York to Josiah Rich and others, August fourteen, eighteen hundred and fifty-one; and running thencé, along the northerly line of such land under water so granted to Josiah Rich and others, north, sixty degrees and fifty minutes west, seventy feet to the north-easterly corner of certain land under water granted by the people of the state of New York to James R. Radford and Edwin N. Radford, June sixteen, eighteen hundred and seventy; thence along the northerly line of such land under water so granted to James R. Radford and Edwin N. Radford, and a line in continuation thereof, such line being at right angles with the general course of the Hudson river along the front of the city of Yonkers, north, sixty-eight degrees and thirty-seven minutes west, three hundred and

seventy-nine feet; thence north, twenty-four degrees and thirty minutes east, two hundred and thirteen feet and four inches; thence south, sixty-eight degrees thirty-seven minutes east, three hundred and twenty-four feet to the south-westerly corner of the second described parcel in a certain grant of lands under water made by the people of the state of New York to Lemuel Walls, February sixteen, eighteen hundred and thirty-one; thence running, as the magnetic needle now points, south, seventy-two degrees east, along the southerly line of said second described parcel in said last-mentioned grant, one hundred and fifty feet to the westerly line of the said first-mentioned grant, * one hundred and fifty feet to the westerly line of the said first-mentioned land under water heretofore granted to the city of Yonkers; thence south, thirty degrees and forty-one minutes west, along the westerly line of said first-mentioned land under water heretofore granted to the city of Yonkers, two hundred and thirty-four feet, to the point or place of beginning, containing two acres and two hundred and seventysix thousandths of an acre be the same more or less. To be used by the said city of Yonkers for a public dock and pier and for city purposes, subject, however, to all rights and privileges in and to said premises which the New York Central and Hudson River Railroad Company may have acquired under its charter.

82. This act shall take effect immediately.

CHAP.261.

Water bonds to the

AN ACT to amend chapter thirty-six of the laws of eighteen

hundred and seventy-three, entitled “An act to provide for a supply of water in the city of Yonkers.

PASSED June 3, 1882 ; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

SECTION 1. Section thirty-two of chapter thirty-six of the laws of eighteen hundred and seventy-three, entitled "An act to provide for a supply of water in the city of Yonkers,” is hereby amended so as to read as follows:

§ 32. The common council of the city of Yonkers shall issue, as

required by the board of water commissioners of the city of Yonkers, amount of the bonds of said city, to be known as water bonds, for the sum of be issued. seventy-five thousand dollars, which shall bear interest not exceeding

five per centum per annum, payable semi-annually on the first day of April and October in each year. Said bonds shall be in addition to all other bonds otherwise authorized to be issued, and shall be payable in the sum of ten thousand dollars in the year nineteen hundred and fourteen, and in the sum of sixty-five thousand dollars in the year nineteen hundred and fifteen, and shall be signed by the mayor and city clerk of the city of Yonkers, and a record thereof shall be kept in the city clerk's office in said city. The bonds so issued shall be delivered to the said board of water commissioners, and sold at not less than their par value or nominal value, and the proceeds thereof shall be used for the purpose of providing a further water supply or distribution in the city of Yonkers. Said bonds shall not be negotiable

* So in original.

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