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erected on the river St. Lawrence, by a certain act, entitled" an act for opening and establishing a lock navigation on the river St. Lawrence, in the town of Madrid," passed April 1, 1808, will not be sufficient to compleat the same: Therefore,
I. Be it enacted by the people of the state of NewYork, represented in Senate and Assembly, That the period limited by the said preceding act, for the completion of the said canal and locks, be extended from the first day of July next, until the first day of November, which will be in the year of our Lord one thousand eight hundred and twelve, any thing contained in the preceding act, herein before referred to, to the contrary thereof notwithstanding.
An ACT to incorporate the Bristol Glass, Cotton and
WHEREAS Stephen Stilwell, Nicholas Van ￼Leuven and Abraham De Witt, and their Preamble, asociates, have represented to the legislature that they intend to establish a manufactory of glass, cotton and clay, in the town of Woodstock, in the county of Ulster, in this state, and have prayed that they may be incorporated; and it appearing that such manufactories ought to be encouraged: Therciore,
1. Be it enacted by the people of the State of NewYork, represented in Senate and Assembly, That all Compiny such persons as now are or hereafter may be stock-ineorpotaiholders in the Bristol glass, cotton and clay company,ed" shall be and are hereby ordained, constituted and declared to be one body, corporate and politic, in fact Their style and in name, by the name of the " President and Di- *°d TM''Porrectors of the Bristol glass, cotton and clay company and that they and their successors for the term of fifteen years hereafter, shall and may have succession, and shall be persons in law capable of suing and being sued, defending and being defended, answering and being answered unto in all courts and places whatsoever, in all manner of actions, suits, complaints and causes
Passed March 1, 1811.
■^J^j- whatsoever, and of holding and conveying real estate; and that they and their successors may have a common seal, and may change and alter the same at their pleasure.
5 directors II. And be it further enacted, That the stock, prop. SiyciwtSiicrty ant* concerns of the said corporation shall be managed and conducted by five directors, who shall be stockholders, and shall be annually elected on the first Tuesday in May in every year, at such time of the day and at such place in the county of Ulster as a majority of the directors for the time being shall direct; and public notice shall be given of the time and place of holding such election, not less than thirty days previous thereto, in one of the public newspapers printed in the city of New-York, and in one printed in the county of Ulster; and the said 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, and the five persons having the greatest number of votes shall be diApresident rectors; and the said directors, as soon as may be <jftobeeieet- ter ,jjeir eiection> snai] proceed to elect by ballot one of their number to be their president; and whenever fctwauodT^y vacancy shall happen 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 diPre»eotdi- rect°rs for the time being, and that Stephen Stilwell, rector*. Abraham De Witt, Nicholas Van Leuven, Cornelius Legg and Samuel Legg, shall be the present directors, and shall hold their offices respectively until the first Tuesday in May, which will be in the year of our Lord One thousand eight hundred and twelve.
III. And be it further enacted, That in case it should Corpor,ti.at any time happen that an election of directors should wired Ire not ma<te on anv day when pursuant to this act it lection be ought to have been done, the said corporation shall i .„ ^ t^at ^ygg £,e deemed to be dissolved, but it shall and may b? 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 corpor
- IV And be it further enacted, That the stock of the -^JTMsaid corporation shall consist of not more than one thousand shares, of one hundred dollars each; and it D1^IaL0V* shall be lawful for the directors to call and demand of the stockholders respectively all such sums of money by them subscribed, at such time and in such proportions as they shall see fit, under pain of forfeiture of their shares and all previous payments made thereon, if such aitedfor0" pa\ ments be neglected to be made for the space of ten n0U-Pa)days after the same ought to have been made, and thirty days notice of such call and demand shall be published in the two public newspapers aforesaid.
V. And be it farther enacted, That the directors Power of for the time being shall have power to make and pre- fc^,"11TM*' scribe such by-laws and regulations as shall appear needful and proper, touching the management and disposition of the stock, property and effects of the said coiporation, the duties of the officers, artificers and servants by them employed, the election of directors, and touching all matters which appertain to the concerns of the said corporation, with power 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 incon-Pmu0 sistent with the laws of the United States or of this state.
■ "VI. And be it further enacted, That the directors shall annually, on the second Tuesday in April, lay be- A statement fore the stockholders a general statement of their accounts and the proceedings, which same statement ^ they shall cause to be lodged with the factor of saidstoekhoucorporation at least ten days before such annual meet-erfc ing, for the inspection and examination of the said stockholders.
VII. And be it further enacted, That the stock of the said company shall be assignable and transferable stock how according to such rules as the president and directors fctre<i!au3 shall make and establish, and no stockholder indebted to the said company shall be permitted to make n. transfer or receive a dividend until such debts be
■^^J paid or secured to be paid to the satisfaction of the
president and directors. He«trictio» VIII. And be it further enacted, That the said phwUoTof company shall not apply any part of their capital to the e»piui. any other objects than those of manufacturing glass,
cotton and clay as aforesaid. Thi« ■ pub- ^* be it further enacted, That this act be and ii« »eu is hereby declared to be a public act, and shall in all
cases be construed favorably and benignly for every
beneficial purpose therein contained.
CHAP. XXXIII. An ACT for the relief of Jemima Worth, administratrix of John Worth, deceased.
Passed March 1, 1811.
BE it enacted by the people of the state of NewYork,represented in Senate and Assembly, That thi'saUof it shall and may bp lawful for the surrogate of the orUmberto county of Washington to order and direct so much of JsgSJgJ the real property of which John Worth, late of the the pui-po«e town of East on, in said county, died seised, or of the thedebu of timber growing thereon, to be sold as will amount todeeTa^i' tnc sum °f tnrce hundred and fifty dollars, for the purpose of paying the debts now existing against the estate of the said John Worth, deceased, in the same manner as the said surrogate would have a right to do in and by the twentieth section of the act entitled " An act relative to the court of probates, the office of surrogate, and the granting of administrations," if there were no personal property, and in making such order and in directing such sale the said surrogate shall observe the same rules and regulations as he is required to observe by the said section of the act aforesaid: Provided however, That no part of the said lands shall be sold until the timber growing thereon, or such part thereof as the said surrogate shall direct, as will amount to the said sum of three hundred and fifty dollars, be first sold; and in case the said timber should not be sufficient to make the aforesaid sum, then and in that case the siid surrogate shall order and direct so much of the said land to be sold as, with the timber a
foresaid, will amount to the said sum of three hun-
Passed March 8, 1811.
WHEREAS Amasa Jackson and others, directors of a bank incorporated under an act of rrCTttUi< the legislature of the state of New-Jersey, under the style of the Jersey Bank, have presented a petition, requesting that they may be incorporated by an act of the legislature of this state, on their surrendering the charter under which they have heretofore carried on their business. And whereas it is represented to this legislature, that the greater part of the stock of said bank is held and owned by citizens of this state, and that its discounts and loans are made principally for the accommodation of the merchants, traders and mechanics of the city of New-York, whom they will be enabled to accommodate with loans on better terms, should the prayer of their petition be granted: Therefore,