Chap. 240. AN ACT to amend the banking law, relative to changing the number of directors. Became a law, March 29, 1900, with the approval of the Governor. Passed, a majority being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section fifty of chapter six hundred and eighty-nine of the laws of eighteen hundred and ninety-two, entitled "An act in relation to banking corporations," is hereby amended to read as follows: § 50. Annual meeting and election of directors.-Every bank shall hold an annual meeting for the election of directors on the second Tuesday in January or within ten days thereafter. Notice of such meeting shall be given as required by the stock corporation law. No person shall be eligible to election as director of a bank having a capital of fifty thousand dollars or over unless he is a stockholder of the corporation owning in his own right an amount equal to at least one thousand dollars in value, nor of a bank having a capital of less than fifty thousand dollars, unless he is a stockholder in his own right to an amount equal to at least five hundred dollars; and every person elected to be a director, who after such election shall cease to be the owner in his own right of the amount of stock aforesaid, shall ccase to be a director of the corporation, and his office shall be vacant. The directors shall hold office for one year and until their successors are elected and have qualified. Each director must be a citizen of the United States, and at least three-fourths of the directors must be residents of this state at the time of their election and during their continuance in office. All vacancies in the office of directors shall be filled by election by the stockholders; but vacancies not exceeding one-third of the whole number of the board may be filled by the directors then in office, and the directors so elected may hold their offices until filled by the stockholders at a special or annual meeting. One of the directors to be chosen by the board shall be the president of the board; and if the certificate of incorporation or the by-laws do not prescribe the number of directors necessary to constitute a quorum, and makes no provision for determining the same, the directors may fix the number necessary to constitute a quorum, for the transaction of business, which shall not be less than five, with the same effect as if such number was prescribed in the certificate of incorporation. Whenever the articles of association of any bank organized prior to the first day of January, eighteen hundred and ninety-two, or the certificate of incorporation of any bank organized after that date, shall prescribe a different qualification for directors than such as are prescribed in this section, the qualifi cation of such directors may be changed so as to comply with the provisions of this section in the manner prescribed for a change of the number of directors under section twenty-one of the stock corporation law. § 2. This act shall take effect immediately. County clerk to prepare books. Transfer Chap. 241. AN ACT providing for a record of conveyances of real estate in towns of the county of Erie, New York, for the information of the assessors of said towns. Became a law, March 29, 1900, with the approval of the Governor. Passed, three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. It is hereby made the duty of the county clerk of the county of Erie to prepare, or cause to be prepared, at the expense of said county, a separate book for each town in said county, in such form as the assessment rolls of said towns are now made by the assessors thereof, with such additional blank columns and places for additional entries, as in his judgment may be desirable of books to to promote the purpose of this act. Upon this act taking effect, the county treasurer of said county of Erie shall immediately transfer to the said county clerk of the courty of Erie, the books heretofore kept by said county treasurer pursuant to the provi sions of chapter six hundred and fifty-nine of the laws of eighteen hundred and ninety-three, and said books shall be the books so to be kept by said county clerk until other books shall be required. County clerk by County treasurer. tion and rejection § 2. When any deed purporting to convey premises situate in Examinaone of the towns of the county of Erie shall be presented to the of deeds. county clerk of the county of Erie for record, he shall examine the same, and if he finds that the lands intended to be conveyed thereby, are so vaguely or improperly described therein that they may not be identified by said description, he may reject the said deed on that account, specifying the particulars in which such description is defective, and said deed shall not be entitled to record in said county clerk's office until such defects are corrected. When a deed is presented to the said county clerk of Erie Entry upon county, purporting to convey premises situate in one of the towns roll of the said county of Erie, and the lands intended to be conveyed thereby are so accurately described therein that they may be identified by said description, the said county clerk shall immediately enter the name of the grantee upon the copy of the assessment roll of the town in which such lands are situate, in his office, with the description of said lands in said assessment roll after such name, and the same shall hereafter be recorded by said county clerk. copy of assessment Regulations as to record. of record. § 3. The board of supervisors of the county of Erie are hereby authorized and empowered to adopt such regulations concerning the record to be kept by the county clerk of the county of Erie under this act, from time to time, as they may deem necessary. § 4. The said record of conveyances, to be kept in the county Inspection clerk's office of the county of Erie pursuant to the provisions of this act, shall always be open to inspection and examination by the public, and by the assessors of the several towns in said county, and are to be kept for the information of said assessors, and to facilitate their work in making correct and accurate assessments and assessment rolls of the property in their towns. Expense of records. § 5. The expense of procuring and keeping such books and books and records shall be a county charge, to be audited by the board of supervisors of the county of Erie, and the county clerk is hereby authorized to employ, subject to confirmation by the board of supervisors, the additional assistants in his office, necessary to properly perform the same. § 6. Chapter six hundred and fifty-nine of the laws of eighteen hundred and ninety-three, is hereby repealed. § 7. This act shall take effect immediately. Interest of state released. Rights, etc., not affected. Chap. 242. AN ACT to release to Arthur Galarneau (sometimes known as Oscar Galarneau) all the right, title and interest of the people of the state of New York in and to certain real estate in the borough of Brooklyn, county of Kings and city and state of New York. Became a law, March 29, 1900, with the approval of the Governor. Passed, by a two-thirds vote. The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. All the estate, right, title and interest of the people of the state of New York, acquired by escheat, forfeiture or otherwise of, in and to all that certain lot, piece or parcel of land situate, lying and being in the borough of Brooklyn, Kings county, state of New York, bounded and described as follows, namely: Beginning at a point on the northerly line of Elm street (now known as Hart street) distant one hundred and seventy-five feet westerly from the northwesterly corner of Elm street and Evergreen avenue; and running thence northerly and parallel with Evergreen avenue ninety-five feet; thence westerly and parallel with Elm street twenty-five feet; thence southerly and parallel with Evergreen avenue ninety-five feet to the northerly line of Elm street; thence easterly along the northerly line of Elm street twenty-five feet to the point or place of beginning, is hereby released to and vested in Arthur Galarneau (sometimes known as Oscar Galarneau), his heirs and assigns forever. § 2. Nothing herein contained shall be construed to impair or affect the rights in said real estate of any heir, devisee, purchaser or creditor by judgment, mortgage or otherwise in and to said premises or any part or parcel thereof. § 3. This act shall take effect immediately. Chap. 243. AN ACT to amend chapter thirty of the laws of eighteen hundred and eighty-five, relating to the construction of sidewalks in the village of Oneonta. Became a law, March 29, 1900, with the approval of the Governor. Passed, three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: charter amended. Section 1. Section thirty-five of chapter thirty of the laws of Village eighteen hundred and eighty-five, entitled "An act to amend, revise and consolidate the several acts relating to the village of Oneonta, in the county of Otsego," is hereby amended to read as follows: of sewers and § 35. Whenever a majority of the property owners represent- Construcing a majority of the taxable property upon any street, as appears sidewalks. on the last assessment roll of said village, shall by petition request the construction of a public sewer or drain, or the paving of said street or any part thereof, the trustees may at their earliest convenience consistent with the public good cause the same to be constructed and paid for in the manner provided for in this act. Whenever a majority of the property owners on either side of a public street, by petition request a sidewalk on such side thereof, the same or any portion thereof shall, if approved by the trustees, be laid by them as soon as practicable, and its cost be paid for as provided in this act. The value of property represented on all such petitions to be determined as it appears on the last assessment roll of said village. Whenever a sidewalk shall have been Trustees laid under the provisions of this section on either side of any street walk with for two-thirds or more of the whole length of said street, the board of trustees, by a majority vote of said board, may order laid and lay a walk on the balance of the same side of said street, or any part thereof, as said trustees may determine, without the petition or consent of the abutting property holders in the same manner aş if the same had been asked for by petition as in the preceding part of this section provided, and the expense thereof shall be paid, assessed and collected in the same manner as if the same had been laid on the petition or request of the property holders on said street. § 2. This act shall take effect June first, nineteen hundred. may order out petition |