A: D. 1811. person or persons if issued by him, her or them in his, her or their private capacity or capacities, and shall be assignable and negociable in like manner as if they were so issued by such private person or persons. Shares for non pay. ment of calls. X. And be it further enacted, That it shall be law. feited for ful for the directors for the time being to call and demand of the stockholders respectively all such sums of money by them subscribed or to be subscribed, at such times and in such proportions as they shall see fit, under pain of forfeiture of their shares and of all previ ous payments made thereon, to the said company, always however giving sixty days previous notice of such call and demand in one of the newspapers published as aforesaid. This act not forfeit-" XI. And be it further enacted, That this present ed by any act of incorporation shall in no wise be forfeited by any before 1st non user whatsoever before the first day of November Nov. next. next, and that it shall on that day be lawful for the di non user rectors before mentioned to assemble for the purpose of carrying the same into effect, any want of notice in the manner above prescribed to the contrary notwithstanding. XII. And be it further enacted, That it shall be dividends the duty of the directors to make half yearly dividends to be made. of so much of the profits of the said bank as they, or a No more majority of them shall deem advisable; and that the than six per said corporation shall not demand any greater interest taken for on a loan or discount than at the rate of six per centum per annum. cent to be loans. No emolu XIII. And be it further enacted, That no director ments to be shall be entitled to receive any emolument for his serpaid to di- vices; and there shall be general meetings of the said rectors. directors at such time or times in the year as shall be than one of appointed by the by-laws of the corporation; and in case of sickness or absence of the president, the directors present may choose a chairman pro hac vice. Not more XIV. And be it further enacted, That no two or a co-part- more persons who are or shall be interested or connectgible as di- ed together as co-partners in any mercantile establishrector. ment, or manufactory, or landed speculation, shall nership feli hereafter be eligible to the office of director at the same time,and that if any two persons known to be sa connect A.D. 181. such co tigated in es. ed shall be elected at any one time, that only the person having the greatest number of votes shall be ad-mitted to a seat, and the election of the other person or persons so connected as co-partners shall be considered as void ; And further, That if after any election the di- The existrectors, or either of them, shall know or be informed ence of by any stook holder that such connection does exist be- partnership tween any two or more persons chosen directors, it to be invesshall be the duty of the said directors on receiving the certain cas information to appoint three stockholders disconnecttedly with the parties, and not in the direction, to examine the truth of the same, and on their certifying in writing that such persons are so connected together their seats shall become vacant, and filled again as is herein before directed by the directors aforesaid : Prowided always, That the interest of such persons as are, or may be, concerned as co-partners in any such manHufactory (or danded speculation, shall exceed the sum of four thousand dollars. Proviso declared to XV. And be it further enacted, That this act be This act and hereby is declared to be a public act, and that the be a public same be for the time herein before limited construed act. in all courts and places benignly and favorably for every beneficial purpose therein mentioned. WH .CHAP. LXX. An ACT to amend an act entitled "An act to incorporate the Eagle fire company of New-York. Passed March 23, 1811. HEREAS the Eagle fire company of NewYork, by their memorial presented to the legislature, have prayed to be permitted to make insurances upon lives and to grant annuities, in addition to making insurances against loss by fire: Therefore, I. Be it enacted by the people of the State of New York, represented in Senate and Assembly, That for twenty years from and after the passing of this act it shall and may be lawful for the said Eagle fire company of New-York, and their successors, to make insurances upon lives and to grant annuities, any thing in their said act of incorporation contained to the contrary thereof in any wise notwithstanding. A. D. 1811. II. And be it further enacted, That this act shall be deemed and taken to be a public act, and shall be liberally construed to effect the ends and purposes herein intended and contemplated. i CHAP. LXXI. An ACT to amend the act to incorporate the American I. Be it enacted by the people of the state of NewYork, represented in Senate and Assembly, That at the next and all future annual elections of directors for the said company, until the number shall be altered as herein after mentioned, three persons and no more shall be chosen directors thereof in the manner prescribed by the said act: Provided always, That none but a citizen of the United States shall be a director; and also, that it shall be lawful for the stockholders of the said company to increase the said number of directors to five, whenever such of them as hold more than half of the stock thereof shall think proper so to do, and that it shall also be lawful to increase the number of directors to any number not more than nine whenever so many of the said stockholders as shall hold at least two equal third parts of the whole stock of the said company shall see fit. II. And be it further enacted, That it shall be lawful for persons not citizens of the United States to be interested in the said company: Provided, That the number of shares held by such persons shall not at any time in the whole exceed one third of the capital stock of the said company. III. And be it further enacted, That the incorporation of the said company shall continue for the space of forty years from and after the passing of the said act intended to be amended, in like manner as if that term of time had been inserted in the said former act, A. D. 1811. instead of the term of twenty-five years therein mentioned. CHAP. LXXII. An ACT for the relief of the heirs of Gaylord Griswold, deceased. Passed March 29th, 1811. W HEREAS Mary Griswold, widow and relict of Gaylord Griswold, Esquire, late of the town and county of Herkimer, deceased, William Alexander, guardian of Mary Hooker Griswold, Hooker Griswold, Hannah Hooker Griswold, Gaylord Griswold and Sarah Elizabeth Griswold, children and heirs of the said Gaylord Griswold, deceased, all of them infants under the age of twenty-one years, and Simeon Ford, the surviving administrator on the estate of the said Gaylord Griswold, deceased, have, by their joint petition presented to the legislature, set forth, that the said Gaylord Griswold, in his life time, purchased from David B. Ogden, Esquire, of the city of New-York, and Nathan Ford, Esquire, of the county of St. Lawrence, all that certain tract, piece, or parcel of land, situate, lying and being in the town of Oswegatchie, in the county of St. Lawrence, and state of New-York aforesaid, being known and distinguished on a map of said town made for the proprietors, by lots number sixty-one, and part of number sixty, lying upon the state road, between Ogdensburgh and Fordsburgh, in said town, the land thereby intended to be conveyed being the whole of lot number sixty-one, containing one hundred and ten acres of land, and part of lot number sixty, containing one hundred and nine acres, beginning at a stake standing in the centre of the said state road, the casterly corner of said lot number sixty-one, and runs thence south sixty-one degrees and thirty minutes west, forty chains and twenty links, thence north twenty-eight degrees and thirty minutes west, twenty seven chains and forty links, thence north sixty-one degrees and thirty minutes ...at seventy-nine chains and ninety-five links to tb corner, between lots num A. D. 1811. ber fifty-three, fifty-four, fifty-nine and sixty; thence south twenty-nine degrees, east twenty-seven chains and forty links, on the line between numbers fiftynine and sixty; thence south sixty-one degrees and thirty minutes west and parallel with the north-east line of the lot, thirty-nine chains and seventy-five links to the place of beginning, containing in the whole two hundred and nineteen acres of land, for the consideration of one thousand two hundred and thirty-five dollars and fifty-two cents, for which a deed was on that day executed to the said Gaylord in fee; and the said Gaylord purchased the said lands with money which his father, Sylvanus Griswold, of the town of Windsor, in the state of Connecticut, advanced to him in trust, that he the said Gaylord should convey one hundred acres of the said land in fee to Esther Pinney, the wife of Jude Pinney, who was the sister of the said Gaylord Griswold, and the residue of the said lands to the said Jude Pinney, in fee; and that it was the the intention of the said Gaylord thus to have conveyed the said lands, but that he afterwards was suddenly taken ill and died intestate, leaving five children above named, all of them infants under the age of twentyone years; and the said petition also further setting forth, that the said Gaylord, on the ninth day of January, one thousand eight hundred and eight, covenanted, under his hand and seal, to convey in fee to Benjamin Gibbs and David Gibbs, all that certain piece or parcel of land, situate in the village of Herkimer, in the county of Herkimer, beginning at the northwesterly corner of lot number three, on the easterly road running through said village, and running thence along the turnpike road eastwardly six rods, thence southwardly to the lot of land belonging to Jacob and Henry Petrie, thence westwardly to the road leading from the Mohawk river, and thence along the same northwardly to the place of beginning, containing about seventy-two perches of land, upon their paying unto him, the said Gaylord, the sum of one hundred and twenty-five dollars, with interest, from that date, and that the said Benjamin Gibbs and Da. |