They shall not be concerned in any trade, lowed by this act. year, to wit: on the second Tuesdays of May and November, at which they shall examine the accounts of the corporation, and make a dividend of so much of the profits as to a majority of the meeting shall seem advisable ;(but the monies received or notes taken for premiums on risks not determined, and outstanding at the time of making the dividend, shall not be considered as a part of the profits of the corporation and in case of any loss or losses whereby the capital stock of the corporation shall be lessened, no subsequent dividend shall be made until, by the profits of the corporation, a sum equal to such diminution shall havebeen added to the capital; and once in every three years, (and oftener if required by a majority of the stockholders) the directors shall lay before the stockholders, at a general meeting, a correct statement of the accounts, and surplus of profits, if any there be, after deducting losses and dividends, X. And be it further enacted, That the said cor poration shall hold no real estate, except such as may be requisite for the conveniert transaction of its business, or such as may be bona fide mortgaged or conveyed in satisfaction of debts previously contracted in the course of its business to the said corporation, or which shall or may be purchased at sales upon judgments or decrees obtained for such debts; and with respect to all such real estate as aforesaid, excepting such as shall be necessary for its immediate accommodation, and such as shall be bona fide mortgaged as aforesaid, the said corporation shall be bound to sell and dispose of the same respectively within five years after the acquisition thereof, otherwise the same shall be forfeited and vested in the people of this state. XI. And be it further enacted, That the said cor. poration shall not be concerned in any trade or traffic ex ept as al- whatsoever, except as above described and permitted, but it may nevertheless purchase stock created under any law of the United States or of this state, for the purpose of investing its capital, and may take a transfer thereof, by way of security, for or in part payment of any debt due to the said corporation, and may sell any such stock when the interest or exigencies of the said corporation may require it; and the said corporation shall not issue any notes, bills or securities, for the payment of money, except under the seal thereof. a XII. And be it further enacted, That this act shall This publis be, and is hereby declared to be, a public act, and that act. the same be, for the time herein after limited, construed in all courts and places benignly and favorably for every beneficial purpose therein intended. XIII. And be it further enacted, That this act Its duration shall continue in force for and during the term of fifteen years from the twelfth day of May, in the year of our Lord one thousand eight hundred and twelve, and that the corporation hereby created shall continue and remain a body corporate and politic for and during the same term, and no longer, any thing herein contained to the contrary notwithstanding; and that in respect to all debts contracted by the said corporation before the twelfth day of May, which will be in the year of our Lord one thousand eight hundred and twentyseven, the persons composing the said corporation at the time of its dissolution shall be responsible, in their individual and private capacity, to the extent of their respective shares, and no further, in any suit or action to be brought after the dissolution of the said corpor→ ation. CXCIII. An ACT for the relief of Samuel Reynolds. W Passed June 18, 1812. HEREAS it appears by the petition of Samuel Reynolds, that the name of Samuel Thorn, late a soldier serving in the line of this state, in the army of the United States, in the late war with GreatBritain, was regularly returned to the commissioners of the land office, as one of the dead soldiers whose representatives were entitled to the land granted by this state as bounty lands, but owing to a mistake or misapprehension no letters patent have been issued for the lot drawn to the share or right of the said Samuel Thorn: Therefore, The corpo ration of N. gulate the tain articles on Sunday. I. 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 commissioners of the land of fice to issue letters patent to the said Samuel Thorn, for the lot drawn to the share or right of the said Samuel Thorn, and the title to said land shall be and hereby is declared to have been vested in the said Samuel Thorn at the time of his death. CHAP. CXCIV. An ACT to grant certain additional powers to the I. B Passed June 18, 1812. all E it enacted by the people of the state of New York, represented in senate and assembly, That the mayor, aldermen and commonalty of the city of York to re- New-York, in common council convened, shall have sale of cer full power and authority to make and pass such bye. laws and ordinances as they shall from time to time deem necessary and proper, to regulate or to prohibit the purchase, sale and exposure to sale of any goods, wares or merchandise, fruits, herbs, liquors, meats, fish, or any other article or thing, within the said city, on the first day of the week called Sunday, except fresh fish, which may be sold prior to nine o'clock in the forenoon, and also to prohibit and suppress Prohibit and gaming houses and places for gaming in the said city, ming houses. and also to regulate the butchers in the said city and to prohibit and restrain them from carrying on their To regulate business at any other times or places than such as may be designated for that purpose by the common council, and to prohibit and restrain all and every person or persons, other than licensed butchers, from carry. ing on the business or calling of a butcher, or any branch or part thereof, in the said city; and also to regulate hackney coaches or carriages and the owners and drivers thereof, and their rates of fare or carriage, requiring the owners of such hackney coaches or car riages to have a license from the mayor of the said suppress ga butchers. Hackney coaches. city for the time being, under the directions of the common council of the said city. breaches of II. And be it further enacted, That in order to enforce a compliance with the said bye-laws and ordi- Penalties for nances, such penalties may be enacted and contained bye-laws. in the said bye-laws and ordinances as the said mayor, aldermen and commonalty may from time to time think proper, not exceeding two hundred and fifty dollars for each offence; and further, that every pawn- Pawn brok broker and dealer in the purchase or sale of second ers licences, hand clothes, furniture or metals, who shall obtain a license from the mayor of the city of New-York, for the time being, shall pay therefor a sum not exceeding fifty dollars, and every owner of a hackney coach or Hackney carriage, or hackney coaches or carriages, who shall ceases. obtain a license from the mayor of the said city, as aforesaid, shall pay therefor a sum not exceeding five dollars for each hackney coach or carriage, and the sums to be paid for such licenses shall be determined by the said common council, subject to the limitations aforesaid; and such sums shall be applied towards the support of the poor of the said city. coaches III. And be it further enacted, That whenever, in the opinion of the mayor, aldermen and commonalty Wells &e. of the said city, in common council convened, it shall be expedient to make a public well and pump in any street or road in the said city, it shall be lawful for the said common council to order and direct the same to be done accordingly, in such manner and at such place as they shall think most adviseable, and the expense thereof shall be estimated and assessed among all the owners or occupants of the houses and lots of ground intended to be benefitted thereby, in the manner directed in and by the eleventh section of the act, how assessed entitled "an act for regulating the buildings, streets, wharves and slips in the city of New-York," passed the 3d day of April, 1801, and shall be binding and conclusive in the manner therein prescribed; and shall be collected in the manner therein directed, or in the manner directed in the seventh section of the act, entitled " an act to enable the mayor, recorder and aldermen of the city of New-York to raise monies by Expenses ers of Alms house may tain poor children. tax, and for other purposes," passed the first day of June, in the present year: And whereas, the commissioners of the Alms-House and Bridewell of the city ef New-York, or some of them have heretofore bound out poor children as apprentices or servants to per sons residing out of the said city, and doubts are entertained whether such binding be lawful. IV. Be it further enacted, That every such bindCommission- ing out heretofore made shall be and the same is here. by confirmed, and that the said commissioners or any bind out cer- two of them, shall and may, when they see fit, bind out such poor children as they shall be authorised to bind out, to any person or persons residing out of the city of New-York: Provided the person or persons to whom such children may be bound, shall reside in this state. Proviso. CHẠP. CXCV. An ACT to alter and improve a road in the towns of sex. Passed June 18, 1812. 1. E it enacted by the people of the state of New York, represented in Senate and Assembly, That it shall and may be lawful for the commissioners of highways of said towns of Willsborough and Ches terfield to lay out a road, begginning at the bridge near the Forge in Willsborough, in the most direct and convenient route to the house of Alva Bosworth, in said town of Chesterfield. II. And be it further enacted, That for the opening and improving said road, that the treasurer shall, on the warrant of the comptroller, pay to George Troop, Dean Edson and Delavan Delance, who are hereby appointed commissioners for improving said road, the sum of four thousand dollars, out of the monies that shall arise out of the sales of the unappropriated land in said county of Essex, not otherwise appropriated. III. And be it further enacted, That before the said George Troop, Dean Edson and Delavan Delance |
