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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.
X. And be it further enacted, That it shall be lawfeited for ful for the directors for the time being to call and dement of mand 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. Quspayments 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, 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.
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.
XI. And be it further enacted, That it shall be Half yearly dividends the duty of the directors to make half yearly dividends to be Taade. 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 cent to be taken for on a loan or discount than at the rate of six per centum loans.
. XIII. And be it further enacted, That no director No emolaments to be shall be entitled to receive any emolument for his ser
- vices ; and there shall be general meetings of the said directors at such time or times in the year as shall be appointed by the by-laws of the corporation; and in case of sickncss or absence of the president, the directors present may choose a chairman pro hac vice.
XIV. Ånd be it further enacted, That no two or than one of a co-part. more persons who are or shall be interested or connect. ible need together as co-partners in any mercantile establish
ment, or manufactory, or landed speculation, shall hereafter be eligible to the office of director at the same time,and that if any two persons known to be so connect
aid to di isectors.
ed shall be elected at any one time, that only the per. A.D. 183. son having the greatest number of votes shall be admitted 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
such coby any stookholder that such connection does exist be- partnership tween any two or more persons chosen directors, it; shall be the duty of the said directors on receiving the certain caso information to appoint three stockholders disconnect. tedly with the parties, and not in the direction, to exam.
ine 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 heroin before directed by the directors aforesaid : Pro
Proviso, tvided always, that the interest of such persons as are,
er may be, concerned as copartners in any such mankufactory or landed speculation, shall exceed the sum of four thousand dollars. XV. And be it further enacted, That this act be This act
declared to and hereby is declared to be a public act, and that the be a publie same be for the time herein before limited construed act. in all courts and places benignly and favorably for every beneficial purpose therein mentioned.
CHAP. LXX. An ACT to amend an act entitled " An act to incorporate the Eagle fire company of New-Jork.
Passed March 23, 1811. (ITHEREAS the Eagle fire company of New
w York, 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,
1. Be it enacted by the people of the State of NewYork, 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 liber·ally construed to effect the ends and purposes herein intended and contemplated.
CHAP. LXXI. An ACT to amend the act to incorporate the American : Fur company.
Passed March 23, 1811.' THEREAS the said company have, by peti
tion, represented to the legislature that the - salutary purposes for which they were incorporated will be much promoted by certain alterations in the said act which are hereinafter designated and provided for : Therefore,
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 nụmber 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, 4.D instead of the term of twenty-five years therein mentioned.
| CHAP. LXXII. An ACT for the relief of the heirs of Gaylord Gris
wold, deceased. Passed March 29th, 1811. TTHEREAS Mary Griswold, widow and relict
V 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 heits of the said Gaylord Griswold, deceased, all of them infants under the age of twenty-one years, and Sime. on 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 there. by intended to be conveyed being the whole of lot number sixty-one, containing one hundied 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 ut seventy-nine chains and ninety-five links to tb corner, between lots nuin.
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 con. sideration 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 thusto 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, covenantod, 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 paving 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.