spinning and carding machine, and other apparatus, principally for the purpose of manufacturing of woollen and cotten cloth, and they and their successors be and hereby are ordained and declared to be a body corporate and politic, in fact and in name, by the name of Their "The Flushing manufacturing Society," and by that style, &c. name they and their successors for the time being, for how to be the space of twenty-five years from the passing of this same. II. And be it further enacted, That the stock, prop Concerns erty and concerns of said corporation shall be manamanaged ged 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 direct that is not a stockholder. Stock. III. And be it further enacted, That the capital stock of said corporation may be twenty-five thousand dol lars, and that a share in said stock shall be five hundred ollars; and it shall be lawful for the directors to call id demand from the stockholders respectively all such ms of money by them subscribed, or such parts there; at such times as they shall see fit, and in equal prortions, under pain of forfeiture of their respective ghts or shares and all previous payments made there, under such regulations as the bye-laws shall pre ribe. IV. And be it further enacted, That the corporation all not be deemed to be dissolved in consequence of y omission to elect directors as prescribed, but may ss bye-laws of the corporation altering the time Bereof. Bye-laws V. And be it further enacted, That the directors who e herein named shall, previous to their entering on how to be y other business in relation thereto, convene the made. ockholders, who shall form such bye-laws and regu tions 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 property. VI. And be it further enacted, That the stock of deemed id corporation shall be deemed and considered per- personal nal 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 hatever; and that for all debts that shall be due and wing by the said company, the persons composing id corporation shall be responsible in their individuand private capacities to the extent of their respecve shares and no further, in any suit or action, and hat this act shall be deemed and considered as a pubc act. VII. And be it further enacted, That John Wyckoff, First diDavid Titus and Edmund Pearsall be and are hereby rectors. eclared directors until others are chosen or elected their stead, agreeable to the bye-laws of said cororation. ed to lean persons. CHAP. CLXXXV. An ACT authorizing the Comptroller to loan monies I. B E it enacted by the people of the state of Ne York, represented in Senate and Assembly, That Comptrol- the comptroller be and he is hereby authorized to loa ler direct-out of any money now being or hereafter to come in money to to the treasury, belonging to the school fund of this certain 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 Daniel 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 manufacturing 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 I n e to H h S p t P t m a th bu bo na li to borrow II. And be it further enacted, That the comptroller Directed 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 ot exeeding seven thousand dollars, at an interest not ceeding six per cent per annum, and loan the same the commissioners for improving the navigation in udson's river, between the villages of Troy, Lansingrgh and Waterford: Provided, The said commis- Proviso. oners shall secure the said sum of money to the peoe of this state by a sufficient bond, conditioned for e 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 anted 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. HII. And be it further enacted, That when the com- How to be issioners aforesaid shall receive the said loan, they disposed e hereby authorized to reimburse out of the same to of ose of the said commissioners residing at Lansingirgh, such sum or sums of money as they shall have ona fide laid out and expended in improving the said avigation, over and above the full amount of the pube money which has come into their hands for that urpose. J. Hickok commis'rs IV. And be it further enacted, That James Hickok e and he is hereby appointed one of the commission- & E. Janes rs for the purposes mentioned in the aforesaid recited appointed ct, in the place and stead of Thomas Tranor, who as moved out of this state, and that Elijah Janes e and is hereby appointed a commissioners for the -urposes aforesaid, in addition to the number of comissioners appointed in and by the aforesaid recited ct. Certain vested in V. And be it further enacted, That the trustees of powers he village of Lansingburgh appointed by virtue of the the trusct entitled "An act to vest certain powers in the tees of reeholders and inhabitants of the villages of Troy and burgh. Lansing. T ce Lansingburgh," passed April 2, 1801, and their suc cessors, shall and may take and hold all such lands and possess the like powers as were vested in certain trustees of said village appointed by virtue of an acto entitled "An act to appoint trustees to take and bold O 0 certain lands therein mentioned, and for other par no poses," passed 5th April, 1790, and to hold the aid lands to them and their successors forever, in trust, to 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 vil lage to elect trustees in pursuance of the provision cor tained in the said last recited act, any thing therein to the contrary notwithstanding. CHAP. CLXXXVI. An ACT authorizing the President and Directors of the Bank of Columbia to establish an Office of Dis count and Deposit in the Village of Athens. Passed April 12, 1873 E it enacted by the people of the state of Ne ca A J n a in se B York, represented in Senate and Assembly, The br it shall and may be lawful for the president and dirt an ter tors of the bank of Columbia, at any time within one year after the passing of this act, to establish at be of discount and deposit at the village of Athens, in the Po county of Greene, under such rules and regulations as pr are practised at the said bank, and to commit the man- tu agement thereof to not less than one president and seven h directors, to be appointed by the said president and di-b rectors of the bank of Columbia, from the citizens re-h siding in the village of Athens and its vicinity. CHAP. CLXXXVII. An ACT directing the sale of certain Lands for t benefit of Academies. Passed April 12, 181 E Ca in f Ca it enacted by the people of the state of New-Ye represented in Senate and Assembly, That commissioners of the land-office be and they are hea required to sell, for the benefit of such academies, convey to such academy or academies, as the Reg th |
