L. Brown made a bo ate. A. D. 1811. I. Be it enacted by the people of the state of New. York, represented in Senate and Assembly, That Lewis and others Brown, Stephen Greene, Samuel Roof, Hachaliah Baidy corpor- ley, Joseph Sunderland and Darius Crosby, and all such other persons as now are or 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 name, Their style by the name of "the Somers Manufacturing Society," and corpor- and by that name they and their successors, for twenate rights. ty years hereafter, shall and may have succession, and shall be persons in law capable of suing and being su ed pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts and places 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 the name of the Somers manufacturing society, shall in law be capable of purchasing, holding and conveying any lands, tenements, hereditaments, goods, wares and merchandize whatsoever, necessary for the objects of this incorporation. Directors to II. And be it further enacted, That the stock, propbe elected. erty and concerns of the said corporation shall be managed and conducted by directors, who shall annually be elected on the first Tuesday in May, at such time of the day and at such place in the town of Somers, in the county of Westchester, as the by-laws of the said corporation shall direct; 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 directors; and the said directors, as soon as may be after the election, shall proceed to elect by ballot one of their number to be president, and whenever any vacancy shall how filled. happen among the directors, by death, resignation or otherwise, such vacancy shall be filled for the remainder of the year by the remainder of the board for the time being, provided the number of directors shall Vacancies not exceed five persons; and the persons so elected A. D. 1811. shall be stockholders in the said corporation. solved if e not held on a certain III. And be it further enacted, That in case it should Corporati. at any time happen that an election of directors should on not disnot be made on the day when pursuant to this act it lection be ought to have been made, the said corporation for that a cause shall not be deemed to be dissolved, but it shall day. and may be lawful on any other day to hold an election of directors in such manner as shall have been regulated by the laws and ordinances of the said corporation. capital stock feited on IV. And be it further enacted, That the capital stock Amount of of the said corporation shall not exceed one hundred thousand dollars, and that a share of the said stock shall be fifty dollars; and it shall be lawful for the directors Shares forto call and demand from the stockholders respectively non-payall such sums of money by them subscribed, at such ment. time and in such proportions as they shall see fit, under pain of forfeiture of their respective shares and all previous payments made thereon, if such payments be neglected to be made for the space of twenty days after the same ought to be made, and thirty days previous notice of such call and demand shall have been given, agreeable to the by-laws of the said corporation. to make by V. And be it further enacted, That the directors for Directors the time being shall have power to make and prescribe authorized such by-laws, rules and regulations as shall appear fit laws. 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, with powers 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 by-laws be not inconsistent with the constitution and laws of the United States or of this state. A. D. 1811. Stoek deem property. Stockhold VI. And be it further enacted, That the stock of the said corporation shall be deemed and considered ed personal personal estate, and that the said company shall not use any part of their funds in any banking transaction, or in purchasing stock in any bank of the United States, or any other public stock whatsoever, and that for all debts that shall be due and owing by the said ers liable for company, the persons composing the said corporation certain ex- at the time of its dissolution shall be responsible in tent, on the their individual and private capacity, to the extent of of the cor- their respective shares and no further, on any suit or action to be commenced or prosecuted after the said This aet de- corporation shall be dissolved; and also, that this act a public act shall be deemed and considered in all courts and places, as a public act. debts to a dissolution poration. clared to be Directors VII. And be it further enacted, That Lewis Brown, for 1 year. Hachalia Bailey, Samuel Roof, junior, Joseph Sunderland and Darius Crosby be and hereby are declared directors of said corporation for one year from the passing of this act, and until others shall be elected in their stead. CHAP. XIX. An ACT to alter the time of holding the town-meetings, in the town of Rockland, in the county of SulPassed February 22, 1811. livan. E it enacted by the people of the state of New-York, nual town-meetings, to be holden in the town of Rockland, in the county of Sullivan, shall, after the first Tuesday in April next, be holden on the first Tuesday in March. CHAP. XX. An ACT authorising the trustees of Union College to invest the monies heretofore granted to them by this state, in the capital stock of the Mohawk bank. WH Passed February 22, 1811. HEREAS the legislature by laws heretofore passed have made provision for the support of indigent students, as well as for the establishment of a classical library and the maintenance of professor in A. D. 1811. Union College: Therefore, certain mo hawk bank I. Be it enacted by the people of the state of New- Trustees York, represented in Senate and Assembly, That it shall may invest and may be lawful for the trustees of said college to nies in Mosubscribe the monies, arising from grants heretofore stock. made to them, in the capital stock of the Mohawk bank, provided the consent of the directors of said bank can be obtained; in which case the capital stock of the said bank shall be and hereby is increased to the amount in value of the shares so subscribed by the trustees of Union College. Mohawk tended on II. And be it further enacted, That provided the directors of the said Mohawk bank shall allow the said Charter of trustees of Union College to subscribe to the capital stock bank exof the Mohawk bank in manner aforesaid, and the said certain contrustees of Union College shall have a certificate thereof ditions. under their common seal, recorded in the office of the secretary of this state, then and in that case the corporation of the said Mohawk bank, and all and singular the privileges thereunto belonging, shall be and remain in full force and effect, until the first day of May, in the year of our Lord one thousand eight hundred and thirty, any thing in the act, entitled, "an act to incorporate the Mohawk bank, in the city of Schenectady," passed March 13th, 1807, to the contrary notwithstanding. appoint a III. And be it further enacted, That the trustees of Union College, after the foregoing conditions of this Trustees to act shall have been complied with, may appoint one of director of their own Board a director of the said Mohawk bank, said bank. for the term of one year from the time of his appointment, or until a successor shall be appointed, which director so appointed, must be a stockholder in the said Mohawk bank; and that the trustees of Union College shall have no right to vote for any other director or directors of the said Mohawk bank, on any shares held in the stock of the said bank by virtue of this act. A. D. 1811. Town of rected. CHAP. XXI. An ACT for dividing the town of Spencer, in the county of Tioga, into five towns. I. B Passed February 22, 1811. E it enacted by the people of the state of NewYork,represented in Senate and Assembly, That all that part of the town of Spencer, beginning at the military line, on the section line of township number seven; thence southwardly on said section line to the centre of the southwest section of said number seven; thence westwardly parallel with the south line of said section to the Çayuta creek; thence up the said creek, as the west line of the town of Spencer runs, to the military line; thence eastwardly on the military line to the Cayuta e place of beginning, be a town, by the name of Cayuta; and the first town meeting, in said town, shall be held at the house of John Stubbs, in said town. And that all that part of the town of Spencer, beginning at the military line, on the section line of township number seven; thence eastwardly on the military line to the section line of township number ten; thence southwardly on said section line to the north line of the second tier of lots in the southwest section of mumber ten; thence westwardly parallel with the south line of number ten, to the east line of township number seven ; thence northwardly, on the east line of number seven, to the centre of the southeast section of number seven; thence westwardly, parallel with the south line of number seven, to the section line; thence northwardly, on said section line, to the place of beginning, be a town by Town of the name of Danby; and the first town meeting in the said town, shall be held at the school-house, near the house of David Clark. And that all that part of the town of Spencer, beginning at the Owego Creek where the Chemung line intersects it; thence westwardly on the Chemung line to the section line of township number nine; thence northwardly along said section line to the centre of township number ten; thence eastwardly, parallel with the south line of number ten, to the west line of township number eleven; thence southwardly along the west line of number eleven, sixty chains; thence eastwardly, parallel with the Danby c. rected. |