« ΠροηγούμενηΣυνέχεια »
repaid to such depositor when required at such times with such interest, and under such regulations, as the board of trustees shall from time to time prescribe ; which regulations shall be put up in some public and conspicuous place in the room where the bnsiness of said corporation shall be transacted, but shall not be altered so as to affect any deposit previously made. No president, vice president, trustee, officer or servant of said corporation shall, directly or indirectly borrow the funds of said corporation, or its deposits, or in any manner use the same or any part thereof, except to pay necessary current expenses, under the direction of said board of trustees. All certificates or other evidences of deposit, made by the proper officer of such corporation, shall be as binding on the corporation as if they were made under their common seal. It shall be the duty of the trustees of the said corporation to regulate the rate of interest to be allowed to the depositors, so that they shall receive as nearly as may be a ratable proportion of all the profits of the said corporation, after deducting all necessary expenses. No moneys deposited in the said institution shall be vested, except in the securities of stocks mentioned in this section, in opposition to the vote of any trustee, but by the consent and approbation of all the trustees present at a regular meeting, amounts not exceeding three thousand dollars to any one individual may be loaned, on unencumbered productive real estate, worth exclusive of buildings thereon, at least double the amount to be secured thereby. In all cases of loans upon real estate, a sufficient bond or other satisfactory personal security, shall be required of the borrower; and all the expenses of searches, examirations and certificates of title, and of drawing, perfecting and recording papers, shall be paid by such borrower. And it shall be the duties of the trustees of said corporation to invest, as soon as practicable, in public stocks or public securities, or in bonds and mortgages, as provided for in this act, all sums received by them beyond
an available fund of not exceeding twenty-five thousand dollars, or not exceeding one-third of the total amount of deposits with said institution at the discretion of the said trustees, which they may keep to meet the current payments of said corporation, and which may by them be kept on deposit, on interest, or otherwise, or in such available form as the trustees may direct. $ 7. The board of trustees of the said corporation shall have
By laws. power, from time to time, to make, constitute, ordain and establish such by-laws, rules and regulations, as they shall judge proper for the election of their officers, for prescribing their respective functions and the mode of discharging othe same, for the regulation of the times of the meetings of the officers and trustees, and generally, for transacting, managing and directing the affairs of the corporation, provided such by-laws, rules and regulations are not repugnant to this act, to the constitution or laws of this state or the United States.
§ 8. The subordinate officers and agents of the said corporagive security
tion shall, respectively, give such security for their fidelity and good conduct as the board of trustees may, from time to time require; and said board shall fix the salaries of such officers and
agents from time to time. Annual re- § 9. The said corporation shall, in the month of February, and port.
in every year hereafter, make a report to the legislature of this state and to the common council of the city of Syracuse, of their funds and investments.
$ 10. The books of the said corporation shall at all times duThe books to be open ring their hours of business be open for inspection and examinafor inspec- tion to the comptroller of this state and such other persons as the tion.
legislature or the comptroller shall designate or appoint as their agent for such purpose. Whenever any agent shall be appointed to make any such examination, he shall be paid for his services by such corporation, such sum as the comptroller shall certify to
be reasonable and just. Deposits by
§ 11. Whenever any deposit shall be made by any minor, the minors. trustees of the said corporation may, at their discretion, pay to
such depositor such sums as may be due to him or her, although no guardian shall have been appointed for such minor, or the guardian of such minor shall not have authorised the drawing of the same ; and the check, receipt or acquittance of such minor shall be as valid as if the same was executed by a guardian of such minor, or the said minor was of full age, if such deposit was
made personally by said minor. Reports to $ 12. The board of trustees shall, in the month of February in
each year, report to the legislature and to the common council of the city of Syracuse the aggregate amount of deposits on hand, with the interest which has accrued thereon, and also the unclaimed deposits on which at least the sum of ten dollars shall then be due, and which shall have been deposited by persons who have not, within the two years next preceding said report, made a deposit or received a dividend or payment from said corporation, and shall publish the same in one of the newspapers published in the city of Syracuse. The misnomer of said corporation in any instrument shall not vitiate or impair the same, if it be sufficiently
described to ascertain the intention of the parties. Examination
$ 13. The supreme court may, at any time, on the application
of any trustee or depositor in said institution, and on reasonable ments may be made. cause shown therefor, to the satisfaction of said court, appoint one
or more persons to examine into the investments thereof, and its affairs and business generally. The books, papers and business of said corporation shall be open and subject to the examination of such person or persons, and the trustees and officers and clerks thereof, or any other person, may be examined on oath by such person or persons, and the said court may confer snch further powers on the person or persons so appointed, as they may consider
necessary for the more thorough and perfect examination of the affairs and business of the said corporation. The said per
son or persons so appointed shall report the result of their investigation to the said court, who, if satisfied thereby that any officer, trustee or servant of said corporation has been guilty of any fraud or misconduct, may remove such person or persons, and make such further order and take such further measures for securing the funds and property of said corporation as the said court shall deem expedient.
§ 14. The corporation hereby created shall be subject to the General provisions of the eighteenth chapter of the first part of the revis- powers, ed statutes as far as the same are applicable.
$ 15. This act shall take effect immediately.
ments to be made.
AN ACT to correct the tax books in the comptroller's office, and
authorising extracts from records in his office to be taken therefrom and read as evidence.
Passed March 30, 1849. The People of the State of New York, represented in Senate and Assembly, do enact as follows :
§ 1. The comptroller is hereby authorised to insert at the head Brief stateof each column on the first page of each of the several books of sales of lands for taxes in his office, a brief statement of what the words or abbreviation or figures contained in the several columns are intended to represent. § 2. The comptroller is also authorised to insert in any certifi
Certified ed copy given by him from any part of the books aforesaid, at copies how the head of the respective columns therein, the statement at the head of corresponding column in the book from which it was made, with the same effect as if the column from which such copy is taken were headed in like manner.
§ 3. The comptroller is also authorised to furnish extracts from Extract. the returns of his department of unpaid taxes, and from the tax books therein, in reference to any lot or piece of land, certifying that such extract contains all that is stated in such return or book relating to such lot or piece of land, and such certified extract may be read in evidence in all courts and proceedings with the same effect as the original return or book.
across the Erie canal in the village of Medina.
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 : Bridge may
§ 1. The canal commissioners are bereby authorised to conbe built
struct, or cause to be constructed at the expense of the state, over the Erie canal, at Church street, in the village of Medina, in the county of Orleans, such a bridge as they may deem the interest of the state to require, provided the canal board are of opinion, that such bridge should be built and maintained at the expense of
the state and not otherwise. At expense
§ 2. Said commissioners shall cause said bridge to be built and of the state. maintained at the expense of the state, in the same manner as
other new structures authorised by the canal board, are by existing statues required to be built, and the expense thereof, shall be included in the amount of expenditures for ordinary repairs of the canals of the state.
§ 3. This act shall take effect immediately.
AN ACT to amend an act entitled “ An act to incorporate the
city of Oswego,” passed March 24, 1848.
Passed March 31, 1849, "three-fifths being present." The People of the State of New-York, represented in Senate and Assembly, do enact as follows:
$.1. The tenth section of title second of the act entitled “ An act to incorporate the city of Oswego," passed March 24, 1848, is hereby amended so as to read as follows, viz:
§ 10. If a vacancy shall happen in any elective office, it shall how filled. be lawful for the common council to direct a special election to
supply the same ; and such election shall be conducted and held in the same manner as the annual elections of the city, but in case a vacancy from any cause shall happen in the office of supervisor, constable, superintendent of common schools, inspector of elections, fire wardens, overseers of the poor, or collector, the common council may appoint by ballot, a qualified person to fill such
vacancy: 8 2. The fourth section of title sixth, of said act is hereby
amended so as to read as follows: Estimate to § 4. It shall be the duty of the common council as soon as be made of the sam to practicable after every annual election under the provisions of be raised by this act, to determine what sum is to be raised for the ensuing year, not exceeding in the whole the sum of five thousand dollars, exclusive of poll tax in addition to the sum herein before authorised, by a general tax for highway purposes, to defray the expenses of making, repairing, laying out of roads, wharves, highways, sewers and bridges in said city, and the same shall be rated and assessed as aforesaid on or among the owners or occupants of the real estate and personal property, incorporated companies and associations in said city, the first year according to the last preceding assessment rolls made by the assessors of the towns of Oswego and Sriba ; and after the first year, according to the assessment roll made by the assessors of caid city. In the highway assessment roll to be made under this section, all persons who would be liable by law to be assessed to work on highways, if they reside in any of the towns of this state, shall, if their names are upon the assessment roll of said city, be enumerated and may be taxed by the common council a sum not exceeding one dollar, as a poll tax, which tax roll when completed, shall be filed with the clerk, and a copy thereof and a warrant thereto annexed under the corporate seal, and executed as hereinbefore directed, given to the city collector, with the same power and authority to collect the same as hereinbefore, by the third section of title five directed. The said common council shall have power to renew from time to time, any warrant annexed to any tax roll authorised by said council, providing the time for collecting such taxes is not extended beyond the first day of December next after the date of said warrant. It shall be the duty of the street commissioner, during the month of March, in each year, to deliver to the common council a list of persons in said city whose names are not on the last assessment roll, and are by law liable to be assessed to work on the highways, whereupon the common council shall assess snd direct each person so enumerated in such list to labor upon the highways in the city under the superintendence of the street commissioner not to exceed two days, as a poll tax; but they may commute the same by paying the street commissioner at the rate of fifty cents per day; which said list and assessment shall be filed with the clerk of the city, and a copy thereof with a warrant duly executed by said common council, shall be delivered to the street commissioner for collection as aforesaid, who shall collect the same as herein directed and if any such person shall neglect or refuse to labor on said highway, or commute as, aforesaid, after first having been called upon so to do by said street commissioner, he may be sued in the name of the corporation in an action of debt for a penalty of two dollars, in any court having cognizance thereof.
§ 3. The ninth section of title seventh of said act is hereby amended so as to read as follows, viz:
$ 9. The common council shall annually appoint by ballot three Health comhealth commissioners, who with the mayor shall constitute the missioners, board of health of the said city. The clerk of the city shall be the clerk of the said board, and the mayor