Petition for the discharge of debtors.

Money to be

Chap. 176.

AN ACT to amend an act for the relief of partners and joint debtors, passed April 18, 1838.

Passed March 30, 1849.

The People of the State of New-York, represented in Senate and Assembly, do enact as follows:

§ 1. Any creditor or creditors of any copartnership firm or of any joint debtors, may unite with any one or more of the members of any such copartnership firm, or with any one or more of any such joint debtors, in a petition for the discharge of such partner or partners, joint debtor or debtors from his or their debts under and in accordance with the provisions of article third, of title one, of chapter five of part two of the Revised Statutes, and the discharge of any partner or partners, joint debtor or debtors, in consequence of any such petition, shall have the same force and effect as the note or memorandum in writing mentioned in the act hereby amended, and shall not discharge any copartner or joint debtor, except such copartner and joint debtors as may be designated by the petitioning creditor.

Chap. 177.

AN ACT authorising the supervisors of the county of Oswego to raise money to construct a free bridge over the Oswego river. Passed March 30, 1849, "three-fifths being present."

The People of the State of New-York, represented in Senate, and Assembly, do enact as follows:

§ 1. The supervisors of the county of Oswego are hereby auraised by tax, thorised and required at their next annual meeting to be caused to be levied, collected and paid over to the mayor and common council of the city of Oswego, in the same manner as other taxes of the said county are by law directed to be levied, collected and paid, together with collector's fees thereon, the sum of seven thousand dollars, for the purpose of constructing a free bridge over the Oswego river, at Utica street in the city of Oswego, in said county; the same to be levied and collected in instalments of thirty-five hundred dollars each, during the two first years hereafter, from the towns of Scriba and Oswego and the city of Oswego, according to their respective valuations.

be made.

Contracts to § 2. The mayor of the city of Oswego, and the supervisors of the third and fourth wards of said city, and of the towns of Oswego and Scriba, or a majority of them, shall have full power to contract for the materials and construction of said bridge to the extent of the amount hereby authorised to be levied, and if nec

essary for its immediate completion they may borrow the sum herein named or any part thereof, to be paid when collected and paid over as provided in the first section of this act.

be connected

§ 3. The said mayor and supervisors, or a majority of them, Bridge may may, if by them deemed for the interests of said city, construct with R. said bridge in connection with the Oswego and Syracuse Railroad Road. Company, provided said company shall pay such proportion of the cost of construction and repairs as shall be agreed on between said company and said mayor and common council, and provided further that it is used by said company in such manner as not to discommode the public.

city authori

§ 4. The bridge when constructed shall be under the control To be under and direction of the authorities of the city of Oswego in such control of the manner as are the public highways of said city, but that portion ties. of the repairs not paid by the Oswego and Syracuse Railroad company shall be levied and collected by the supervisors upon the same property and territory named in the first section of this

act.

§ 5. This act shall take effect immediately.

Chap. 178.

AN ACT Further to amend the acts in relation to insurances on property in this state made by individuals and associations unauthorised by law.

Passed March 30, 1849, "three-fifths being present." The People of the State of New-York, represented in Senate and Assembly, do enact as follows:

York.

§ 1. There shall be paid to the treasurer of the fire depart- Moneys to be paid to ment of the city of New-York, for the use and benefit of said fire fire departdepartment, on the first day of February in each year, by every ment New person who shall act in the city and county of New-York as agent for or on behalf of any individval, or association of individuals, not incorporated by the laws of this state, to effect insurances against losses or injury by fire in the city and county of NewYork, although such individuals or association may be incorporated for that purpose by any other state or country, the sum of two dollars upon the hundred dollars, and at that rate, upon the amount of all premiums which during the year or part of a year ending on the next preceding first day of September, shall have been received by such agent or person, or received by any other person for him, or shall have been agreed to be paid for any insurance effected or agreed to be paid for any insurance effected or agreed to be effected or promised by him, as such agent or otherwise, against loss or injury by fire in the city and county of New-York.

Insurance

by certain

ed.

§ 2. No person shall, in the city and county of New-York, as agents when agent or otherwise, for any individual, individuals, or association, to be effect- effect or agree to effect any insurance, upon which the duty above mentioned is required to be paid, or as agent or otherwise procure such insurance to be effected, until he shall have executed and delivered to the said treasurer a bond to the fire department of the city of New-York, in the penal sum of one thousand dollars, with such sureties as the said treasurer shall approve, with a condition that he will annually render to the said treasurer on the first day of February in each year, a just and true account, verified by his oath that the same is just and true, of all premiums which during the year ending on the first day of September preceeding such report, shall have been received by him or by any other person for him, or agreed to be paid for any insurance against loss or injury by fire in the city and county of New-York, which shall have been effected or promised by him or agreed to be effected or promised by him to be effected, from any individual or individuals or association not incorporated by the laws of this state as aforesaid; and that he will annually on the first day of February in each year pay to the said treasurer two dollars upon every hundred, and at that rate, upon the amount of such premiums.

Penalty for

not execu

ting bond.

Agents to

their places

§ 3. Every person who shall effect, agree to effect, promise, or procure any insurance specified in the preceding sections of this act, without having executed and delivered the bond required by the preceding section, shall for each offence forfeit one thousand dollars for the use of the said fire department; such penalty of one thousand dollars shall be collected in the name of the fire department of the city of New-York.

§ 4. Every person who at any time hereafter, as agent or othstate where erwise, for any individual or individuals, or association, may in of business the city and county of New-York, effect or agree to effect, any are in N. Y. insurance specified in the preceding sections of this act, shall on the first day of February, in each year, or within ten days thereafter, and as often in each year as he shall alter or change his place of doing business in the said city, report in writing under his proper signature to the comptroller of this state, and also to the treasurer of the fire department in the city of New-York, the street and the number thereof in the said city, of his place of doing business as such agent or otherwise, designating in such report the individual or individuals, and association or associations for which he may be such agent or otherwise. And in case of default in any of these particulars, such person shall forfeit for every offence, the sum of one thousand dollars, to be recovered and collected in the name of the people of this state, for the use of the fire department in the city of New-York.

Sections 1, 2 and 3, to apply to

§ 5. Sections one, two and three of this act, shall apply to every city or incorporated village in this state where a treasurer every city & of a fire department exists, and where no officer is known by the

village.

laws of such city or village, the treasurer of such city or incorporated village, shall exercise all the powers and perform all the duties for the purposes of this act of the treasurer of the fire department of the city of New-York, as far as relates to the city or village of which he is treasurer, and he shall under the direction of the common council of the city, or the trustees of the village, pay over all moneys received or recovered under the first, second and third sections of this act, to the fire department of such city or incorporated village, provided, however, that the penalty of the bond required by the second section of this act, shall not exceed the sum of five hundred dollars, when taken by the person authorised to receive it by this section, and that the penalty imposed by the third section of this act, shall not exceed the sum of two hundred dollars in any city or village of this state, excepting the city of New-York.

§ 6. All the provisions of sections three, four, five, six, seven, Repeal. of the title twenty-one, chapter twenty of the first part of the revised statutes, as amended by act of the 21st February, 1837, so far as they relate to fire insurance, are hereby repealed.

Chap. 179.

AN ACT to incorporate the Syracuse Savings Institution.

Passed March 30, 1849.

The People of the State of New-York, represented in Senate and Assembly, do enact as follows:

1. Harvey Baldwin, Moses D. Burnett, James Lynch, Corporation George Saul, John D. Burnett, Johnson Hall, Harvey Rhoades, created. Philander W. Forbes, John B. Wickes, William W. Teall, Thomas B. Fitch, Thomas T. Davis, James G. Tracy, Elias W. Leavenworth, George F. Comstock, Harvey Gifford, Thomas Bennett, and William Clark, and their successors, shall be and they are hereby constituted a body corporate and politic, by the name of "The Syracuse Savings Institution," and by that name shall have perpetual succession, and may sue and be sued in any court whatsoever.

§ 2. The real estate which it shall be lawful for the said cor- Real estate poration to purchase, hold and convey, shall be,.

1. Such as may be requisite for its immediate accommodation, for the convenient transaction of its business:

2. Such as shall have been mortgaged to it in good faith, for money loaned in pursuance of the provisions of this act;

3. Such as shall have been purchased upon sales upon judgments or decrees obtained or rendered for money so loaned. And the said corporation shall not purchase, hold or convey real estate in any other case, or for any other purpose; and all such real estate as is described in the second and third subdivisions of this

for what purpose held.

No pay.

Busines how managed.

First trustees.

business of

the corporation

section, shall be sold by the said corporation within five years after the same shall be vested in it by purchase or otherwise; and the said corporation shall not, directly or indirectly, deal or trade in buying or selling any goods, wares or commodities whatever, except in the cases where it is authorised to do so by the terms of this act, and except such personal property as may be requisite for its immediate accommodation for the convenient transaction of its business.

§ 3. The trustees of said corporation shall not, as such, directly or indirectly, receive any pay or emolument for their services.

§ 4. The business of the said corporation shall be managed and directed by the said board of trustees, who shall elect from their number, a president, two vice-presidents, and such other officers as they may see fit. Eight of the said trustees, of whom the president or one of the vice-presidents shall be one, shall form a quorum for the transaction of business, and the affirmative vote of at least seven members of the board, shall be requisite in making any order for or authorising the investment of any moneys, or the sale or transfer of any stock or securities belonging to the corporation, or the appointment of any officer receiving any salary therefrom.

$5. The persons named in the first section of this act, shall be the first trustees of the said corporation, and all vacancies, by death, resignation, or otherwise, in the office of trustee, shall be filled by the board by ballot without unnecessary delay, and at least six votes shall be necessary for the election of any trustee. The said trustees shall hold a regular meeting at least once in each month, to receive the reports of their officers, as to the business and affairs of the corporation, and to transact such business as may be necessary; and any trustee omitting to attend the regular meetings of the board for six months in succession, may thereupon at the election of the said board, be considered as having vacated his place, and a successor may be elected to fill the same. The supreme court may at any time for due cause, remove any trustee, on proper notice to such trustee, and affording him an opportunity to be heard in his defence.

General § 6. The general business and object of the corporation hereby created, shall be to receive on deposit such sums as may be from time to time offered therefor by tradesmen, clerks, mechanics, laborers, minors, servants and others, and investing the same in the securities or stocks of this state, or of the United States, or in the stock or bonds of any city authorised to be issued by the legislature of this state, or in such other manner as is authorised by this act, for the use, interest and advantage of the said depositors and their legal representatives. And the said corporation shall receive as deposits from persons of the descriptions above mentioned, all sums of money which may be offered, but no sum larger than three thousand dollars shall be received from one individual, for the purpose of being invested as aforesaid; which shall, as soon as practicable, be invested accordingly, and shall be