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spinning and carding machine, and other apparatu principally for the purpose of manufacturing of woollei and cotten cloth, and they and their successor be and hereby are ordained and declared to be a body corpo
rate and politic, in fact and in name, by the name of Their “The Flushing manufacturing Society,” and by that
name they and their successors for the time being, for the space of twenty-five years from the passing of this act, shall and may have succession, and be persons it law capable of suing and being sued, pleading and be ing impleaded, answering and being answered unto, defending and being defended in all courts and places whatsoever, and in all manner of actions, suits, com plaints, matters and causes, whatsoever; and that they and their successors, by the name of the Flushing man ufacturing Society, shall in law be capable of purchasing such tracts of land and streams of water in the said township of Flushing, in the county of Queens as may be deemed necessary to perfect the object of said corporation, and of holding and conveying the same.
II. And be it further enacted, That the stock, prop Concerns erty and concerns of said corporation shall be manahow to be dged by directors, who shall be annually appointed or
elected on the second Tuesday in May in every year, at such time of the day and at such place in the said township of Flushing as the bye-laws of the said cor poration 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 the persons having the greatest number of votes shall be the directors; and whenever any vacancy shall happen by death, resignation or otherwise, such vacancy shall be filled by the stockholders at a special meeting to be called by the remaining directors, and the number of directors shall not exceed five persons and no person to be elected or appointed a directe that is not a stockholder.
III. And be it further enacted, That the capital stock Stock. of said corporation may be twenty-five thousand dol
lars, and that a share in said stock shall be five hundre
ollars; and it shall be lawful for the directors to call
Bye-laws 2 herein named shall, previous to their entering on how y other business in relation thereto, convene the made. ckholders, who shall form such bye-laws and reguions as shall appear needful and proper to carry the rpose of said corporation fully into effect, provided ch bye-laws be not inconsistent with the laws of the nited States or of this state.
Stock VI. And be it further enacted, That the stock of deemed d corporation shall be deemed and considered per- personal ial estate ; and that the said company shall not use" y part of their funds in any banking transactions, or purchasing any stock of any banking institution atever; and that for all debts that shall be due and ing by the said company, the persons composing d corporation shall be responsible in their individuand private capacities to the extent of their respece shares and no further, in any suit or action, and at this act shall be deemed and considered as a pubact. VII. And be it further enacted, That John Wyckoff, vid Titus and Edmund Pearsall be and are hereby rectors. clared directors until others are chosen or elected their stead, agreeable to the bye-laws of said corration.
ICT author School Fund passed A
Correct-out of any mo, belonging to ed of, a sum
CHAP. CLxxxv. 4ACT authorizing the Comptroller to loan monies belonging to the School Fund, and for other purposes.
Passed April 12, 1813.
D York, represented in Senate and Assembly, That Comptrol- the comptroller be and he is hereby authorized to loan ler direct out of any money now being or hereafter to come ir ed to loan money to to the treasury, belonging to the school fund of this
state, and not otherwise disposed of, a sum not exceeding five thousand dollars, to Joseph Klein, the sum of five thousand dollars to William Jackson and Danie Jackson, the sum of five thousand dollars to the Newport manufacturing company in the county of Herkimer, the sum of two thousand dollars to John Converse, the sum of five thousand dollars to Othniel Hos ford and Smith Cogswell, the sum of five thousand dollars to Josiah Chapman, the sum three thousand dollars to John Whiting, the sum of three thousand dollars to George Flower, the sum of four thousand dollars to Nassau inanufacturing company in the county of Rensselaer, the sum of twenty-five hundred dollars to Abraham L. Viele and Stephen L. Viele, the sum of three thousand dollars to David Dickey and Charles Knapp, and the sum of three thousand
dollars to the trustees of the woollen manufacturing Proviso. society of Broadalbin: Provided, That no loan shall
be made as aforesaid, until the same shall be secured to the people of this state by a sufficient bond, condi tioned for the annual payment of the interest thereol, at the rate of seven per centum per annum, and the re payment of the principal in five years; nor until the said payments shall be further secured by a mortgage or mortgages on unincumbered real estate within 1 state, of double the value of the sum loaned, exclus of any buildings thereon, to be approved of by comptroller: Ånd further, That the form of said bad and mortgages shall be prescribed by the attome) general, and the titles in all cases of loans of mon by this state examined and approved of by him.
II. And be it further enacted. That the comptroller Directed
to borrow Orrow on the credit of this state from the bank of A-87000. erica, or any other bank in this state, a sum of money t exeeding seven thousarid dollars, at an interest not ceeding six per cent per annum, and loàn the same the commissioners for improving the navigation in udson's river, between the villages of Troy, Lansingirgh and Waterford: Provided, The said commis- Proviso. ners shall secure the said sum of money to the peo2 of this state by a sufficient bond, conditioned for 2 repayment of the principal and interest of seven r cent, out of the first monies which shall come into eir hands from the avails of a lottery heretofore inted to raise the sum of thirty thousand dollars for proving the aforesaid navigation, by virtue of an act titled “ An act making provision for improving the vigation of Hudson's river, between the villages of roy, Lansingburgh and Waterford, and for other purses,” passed April 2, 1810. . III. And be it further enacted, That when the com
How to be ssioners aforesaid shall receive the said loan; they disposed a hereby authorized to reimburse out of the same to of. ose of the said commissioners residing at Lansingrgh, such sum or sums of money as they shall have na fide laid out and expended in improving the said vigation, over and above the full amount of the pub
money which has come into their bands for that rpose. IV. And be it further enaeted, That James Hickok ,
and he is hereby appointed one of the commission- & E. Janes 3 for the purposes mentioned in the aforesaid recited appointed
cu commis'rs t, in the place and stead of Thomas Tranor, who us moved out of this state, and that Elijah Janes
and is hereby appointed a commissioners for the irposes aforesaid, in addition to the number of comissioners appointed in and by the aforesaid recited
Certain V. And be it further enaoted, That the trustees of powers
vested in e village of Lansingburgh appointed by virtue of the the trust entitled “ An act to vest certain powers in the tees of
Lansing eeholders and inhabitants of the villages of Troy and burgh.
Lansingburgh," passed April 2, 1801, and their s cessors, shall and may take and hold all such lan and possess the like powers as were vested in certai trustees of said village appointed by virtue of an ar entitled “ An act to appoint trustees to take and bol certain lands therein mentioned, and for other par poses," passed 5th April, 1790, and to hold theaid lands to them and their successors forever, in trust, o and for the common use and benefit of the freeholders and inhabitants of said village of Lansingburgh: And further, It shall not hereafter be necessary for the freeholders or the freeholders and inhabitants of said village to elect trustees in pursuance of the provision contained in the said last recited act, any thing therein to the contrary notwithstanding. .
| CHAP. CLXXXVI. An ACT authorizing the President and Directors oj
the Bank of Columbia to establish an Office of Die
Passed April 12 1813.
D York, represented in Senate and Assembly, Thai it shall and may be lawful for the president and dirt: tors of the bank of Columbia, at any time within the year after the passing of this act, to establish a onze of discount and deposit at the village of Athens, in the county of Greene, under such rules and regulations as are practised at the said bank, and to commit the maiagement thereof to not less than one president and seven directors, to be appointed by the said presivent and directors of the bank of Columbia, from the citizens residing in the village of Athens and its vicinity.
CHAP. CLXXXVII. An ACT directing the sale of certain Lands for
benefit of Academies. Passed April 19, 1812 D E it enacted by the people of the state of New-TG
represented in Senate and Assembly, Thai commissioners of the land office be and they are beau required to sell, for the benefit of such academies, et convey to such academy or academies, as the Regu