Thompson and Sullivan Moulton, two of them are proprietors by lease (forty-one years of which are yet unexpired,) of a certain piece of land in the county of Ulster, in the state of New-York, containing a lead mine, and have full right, by virtne thereof, to workBRAR the said mine, and have requested the legislature to pass an act incorporating the said petitioners and their associates, for the purpose of enabling them to work the said mine, and any other they may hereafter possess in the said county, and manufacturing the ores thereof to advantage: Therefore, Thompson incorporated corporation tion. 1. BE it enacted by the people of the state of New York, represented in Senate and Assembly, That the Abraham G. said Abraham G Thompson, Sullivan Moulton, John and others Titus, J. C. Vanden Heuvel, Peter Schermerhorn, junior, Thomas C. Pearsall, Abraham Schermerhorn, Richard Bruce, Samuel Clement, and such persons as shall hereafter be associated with them for that purpose, and their successors, be and hereby are ordained, constituted and declared to be a body corporate and politic, in fact and in a name, by the name of "The Name of the President and Directors of the Ulster Lead Mining and its dura and Manufacturing Company," and by that name they and their successors, for forty-two years hereafter, shall and may have succession, and shall be persons in law capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts and places whatsoever, and in all manner of actions, suits, complaints, matters and causes whatsoever; and that they and their successors may have a common seal, and may change and alter the same at their pleasure; and that they and their successors, by the name of “the president and directors of the Ulster lead mining and manufacturing company," shall in law be capable of May hold purchasing, holding and conveying any lands, tene- under cer ments, hereditaments, goods and chattels, wares and tions. merchandises whatsoever, necessary or beneficial to the objects of this corporation. estate tain restric Their affairs II. And be it further enacted, That the stock, pro- to be manag perty and concerns of the said corporation shall be ged by direc managed and conducted by directors, who shall be an- nually elect tors to be an ed. nually elected on the first Monday in January, at such time of the day, and at such place, in the city of NewYork, in the state. aforesaid, as the bye-laws of said corporation shall direct; and public notice shall be given of the time and place of holding such election, not less than ten days previous thereto, in one of the public newspapers printed in the said city; and the election shall then and there be made by such of the stockholders as shall attend for that purpose, either in person or by proxy and all elections shall be by ballot, each share in the stock having one vote, and the persons having the greatest number of votes shall be Vacancies in the directors; and whenever any vacancy shall happen how filled. among the directors by death, resignation or removal out of the state, such vacancy shall be filled for the remainder of the year by the remainder of the board for the time being: Provided always, That the number of directors shall not exceed eight persons, and the directors not persons so elected shall be stockholders in said corpo the direction Number of to exceed 8. Election may be made on a day other than that above appointed. Capital not to exceed 69 dolls. ration. III. And be it further enacted, That in case it should at any time happen that an election of directors should not be made on the day when, pursuant to this act, it ought to have been done, the said corporation for that cause shall not be deemed to be dissolved, but it shall and may be lawful on any other day to hold an election of directors, in such manner as shall have been regu lated by the laws and ordinances of the said corporation. IV. And be it further enacted, That the capital 200,000 dolls. Stock of the said corporation shall not exceed one A share to be hundred thousand dollars, and that a share of the said stock shall be fifty dollars; and it shall be lawful for the directors to call and demand from the stockholders respectively all such sums of money by them subscribed, at such time and in such proportion as they shall see fit, under pain of forfeiture of their shares and all previous payments made thereon, if such payments tment of calls be neglected to be made for the space of ten days after the same ought to be made; and thirty days previous notice of such call and demand shall have been Shares forfeited for gion-pay published in one of the newspapers printed in the city of New-York as aforesaid. thorised to laws. V. And be it further enacted, That the directors Directors au for the time being shall have power to make and pre- make byescribe such bye-laws, rules and regulations, as shall appear needful and proper touching the management and disposition of the stock, property, estate and effects of the said corporation, the duties of the officers, artificers and servants by them employed, the election of directors, and all such matters as appertain to the concerns of the said corporation; to appoint such and so many officers, clerks and servants, for carrying on the business of the said company, and with such allowances and salaries as to them shall seem meet : Provided, That such bye-laws be not inconsistent Proviso. with the constitution and laws of this state or of the United States. ed persona! estate. liable for tent on the of corpora tion. VI. And be it further enacted, That the stock of the Stock deem said company shall be deemed and considered personal estate: Provided always, That for all debts which Stockholders shall be due and owing by the said company, the per- debis to a sons composing the said corporation at the time of its certain exdissolution shall be responsible in their individual and dissolution private capacity to the extent of their respective shares, and no further, on any suit or action to be brought or prosecuted after the dissolution of the said corporation: And provided also, That nothing in this act contained shall be construed to authorise or empower the said company to use their funds, or any part thereof, in any banking transaction, or in the purchase of the stock of any bank in the United States, or any other public stock. President VII. And be it further enacted, That the directors hereafter to be elected shall proceed, as soon after their how chosen. election as may be convenient, to appoint one of their number to be their president. tracts enter G. Thomp livan oul VIII. And be it further enacted, That the contracts Certain con entered into by the aforesaid Abraham G. Thompson ed into by A. and Sullivan Moulton, touching and concerning the son and Sullease of the said land, shall be and the same are hereby ton binding made obligatory on the president and directors here- ration. after elected, and their successors, to fulfil the same as on the corpo This act to if made by themselves: Provided nevertheless, That nothing in this act contained shall in any manner impair or injure the right, title or interest of any person who may claim or have any interest in the leased lands, premises or mines, referred to in this act: And provided further, That the statute of limitations of this state shall not be considered as running against any such person during the continuance of the incorporation hereby granted. IX. And be it further enacted, That this act shall be and hereby is declared to be a public act, and the same be a public shall be construed in all courts and places benignly and favorably for every beneficial purpose therein in tended. act. CHAP. LXVI. An ACT authorising the comptroller to loan money to the President and Directors of the Jamesville Iron and Woollen Factory, in the county of Onondaga. Passed June 1, 1812. W HEREAS the president and directors of the Jamesville iron and woollen factory, in the county of Onondaga, have presented their petition to the legislature, at the present session, setting forth in the said petition that they, the said president and directors have expended large sums of money in the establishment of their factory, and praying for a loan of money from the state to enable them to further prosecute the objects thereof: And whereas, The legislature are disposed to aid the said company in their undertaking: Therefore, BE it enacted by the people of the state of New York, represented in Senate and Assembly, That it shall be the duty of the comptroller to loan to the president and directors of the Jamesville iron and wollen factory, in the county of Onondaga, a sum not exceeding five thousand dollars, out of any money now being or hereafter to come into the treasury, belonging to the common school fund: Provided, That the said president and directors shall, at the time of receiving the sum so to be loaned to them, give to the comptroller such se- curity for the repayment of the same, within five years from the date of the said securities, with interest annually at the rate of seven per cent. per annum, as by the act, entitled "an act to raise a fund for the encour agement of common schools," passed the second day of April, 1805, is required to be given to the comptroller for the repayment of loans made by him of money belonging to the said common school fund. CHAP. LXVII. An ACT to alter the time of holding the courts of Common Pleas and General Sessions of the Peace in and for the county Schoharie. Passed June 1, 1812. E it enacted by the people of the state of New BYorke, represented in Senate and Assembly, That the courts of common pleas and general sessions of the peace, in and for the county of Schoharie, which are now authorised by law to be held on the first Tuesday in January in every year, shall, from and after the passing of this act, be held on the first Tuesday of February in every year, and not on the said first Tuesday of January, as heretofore authorised. CHAP. LXVIII. T An ACT to amend an act, entitled" an act to open and improve a Road on the west side of Lake George, passed the thirtieth day of March, in the year of our Lord one thousand eight hundred and ten." Passed June 1, 1812. I. B E it enacted by the people of the state of NewYork, represented in Senate and Assembly, That William Robards, of the town of Queensbury, Samuel Patchin, of the town of Hague, together with Reuben Smith, the former commissioner in the said act named, be and they are hereby appointed commissioners, for the purpose of laying out, opening and improving the said road, agreeable to the directions and provisions of the said act, and they shall receive the same compensation per day for their services as |