1 Chap. 81. AN ACT to enable the trustees of the village of Clyde, in the county of Wayne, to raise by tax the sum of six thousand dollars and interest thereon, wherewith to pay the indebtedness existing against said village. Passed March 29, 1875; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: lage trus to levy. SECTION 1. The trustees of the village of Clyde, in the county of Tax, vilWayne, are hereby authorized and empowered to levy and collect by tees an tax upon the real and personal property within said village of Clyde, thorized in addition to the amount now authorized by law to be levied and collected by tax within said village, the sum of six thousand dollars and interest thereon from July first, eighteen hundred and seventy-four, for the purpose of paying and satisfying the indebtedness now existing against said village. collected. §2. Said amount shall be levied, assessed and collected in the man- How lev ner following, to wit: four thousand dollars and interest on the whole ied and sum of six thousand dollars as aforesaid, in the year eighteen hundred and seventy-five; two thousand dollars and interest thereon, in the year eighteen hundred and seventy-six; said tax to be levied and collected at the same time and in the same manner and to be included in the same tax lists with the taxes now authorized by law to be levied and collected within said village of Clyde, during the years aforesaid. §3. This act shall take effect immediately. Chap. 82. AN ACT to amend chapter four hundred and thirty-three of the laws of eighteen hundred and seventy-four, entitled "An act relative to the Metropolitan DrawingRoom Car Company," passed May tenth, eighteen hundred and seventy-four. Passed March 30, 1875. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. Section two of chapter four hundred and thirty-three of Additionthe laws of eighteen hundred and seventy-four, entitled "An act al fare. relative to the Metropolitan Drawing-room Car Company," is hereby amended to read as follows: § 2. It shall be lawful for the said company, its successors, lessees or assigns, to charge, collect and receive for the use of said car in all cases for each passenger, a sum not exceeding five cents for each and every time any passenger shall ride therein in addition to the regular fare charged for carrying passengers in the ordinary cars. § 2. Section three of said act is hereby amended to read as follows: First-class cars to be run. § 3. Any railroad company permitting the use of said drawing-room cars shall nevertheless keep and run sufficient first-class cars of the style now in use in New York city, for the fare as now required by law and for the convenient use and occupation of the same by all passengers not wishing to use a drawing-room car, and on every such drawingNotice on room-car there shall appear in conspicuous letters, "Drawing-room drawing. ear," and the amount of fare for transportation therein, and in default of which no charge shall be made for the use of such drawing-room Company car, nor shall the said drawing-room car company be allowed to collect fare from any passenger who is not provided with a seat. room car. to furnish seat. Corporators. § 3. This act shall take effect immediately. Chap. 83. AN ACT to incorporate "The Trustees of the Sustentation Fund of the Reformed Episcopal Church." Passed March 30, 1875. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. Thomas H. Powers, George M. Tibbetts, Benjamin Aycrigg, James L. Morgan, Albert Crane, and such other persons as now are, or hereafter shall be, members, for the time being, of the board of trustees of the sustentation fund of the Reformed Episcopal Corporate church, are hereby constituted a body corporate under the name and style of "The Trustees of the Sustentation Fund of the Reformed Episcopal Church.” name. Objects. § 2. The objects of this society shall be the maintenance of religious worship according to the forms of the Reformed Episcopal Church, and the furtherance of the missionary work of the said church. Corporate powers. Bonds, trustees to issue. § 3. The said corporation may purchase, take by gift, devise or bequest, hold and convey real and personal estate for its use and benefit, the annual income of which shall not exceed fifty thousand dollars. § 4. This act shall take effect immediately. Chap. 84. AN ACT to amend chapter six hundred and seventythree of the laws of eighteen hundred and seventy-one, entitled "An act to authorize the construction of sewers in the village and town of Saratoga Springs," passed April twenty-one, eighteen hundred and seventy-one." Passed March 31, 1875; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. Chapter six hundred and seventy-three of the laws of eighteen hundred and seventy-one, is hereby amended by adding thereto an additional section which shall read as follows: It shall be the duty of the trustees of the village of Saratoga Springs, within sixty days after the passage of this act, to issue bonds on the faith and credit of said village to the amount of twenty-five thousand dollars, in addition to the bonds already issued pursuant to the provisions of an act entitled "An act to authorize the construction of sewers in the village and town of Saratoga Springs," passed April twenty-one, eighteen hundred and seventy-one, for the purpose of com- Purpose. pleting the main sewer in said village and town, which bonds shall bear interest at the rate of seven per cent. per annum, with interest Interest. coupons thereto attached, payable semi-annually, at such times and places as shall be designated in said bonds or the said interest coupons, and said bonds shall be of such denominations and payable at such times and places as the said trustees shall designate, but none of the said bonds shall be of a greater denomination than one thousand dol- Denomilars nor run for a longer time than ten years. The said trustees shall, upon the execution of the said bonds, deliver the same to the commis- Bonds to sioners in charge of the construction of said main sewer to be used by ed to comthem for the same purposes as the said bonds already issued, and for missionthe completion of said main sewer in conformity to plans and specifications prepared by the engineer of said commissioners and approved by them. Said bonds shall be sold at not less than their par value. § 2. This act shall take effect immediately. Chap. 85. AN ACT to incorporate the Buffalo Exchange. Passed March 31, 1875. The People of the State of New York, represented in Senate and Assembly, do enact as follows: nation. be deliver ers. Not to be sold below par. SECTION 1. Francis H. Root, Henry Martin, J. Condit Smith, Nelson Corpora Holland, Jacob Ginther, Richard Flach, Patrick Smith, Samuel G. tors. Cornell, Joseph Warren, John C. Jewett, Stephen O. Barnum, Frederick A. Georger, Richard Bullymore, Daniel C. Beard, Francis C. Brunck, James N. Mathews, Sherman S. Jewett, Bronson C. Rumsey, Philip Becker, Pascal P. Pratt, Stephen Bettinger, Solomon Scheu, Myron P. Bush, John Greiner, Jacob Dold, Martin Taylor, Rufus L. Howard, William S. Bull, and all persons who shall hereafter be associated with them, are hereby created a body corporate, under the name Corporate of the Buffalo Exchange. name. § 2. The objects of such corporation shall be to provide a suitable objects. room or rooms for an exchange in the city of Buffalo, to facilitate the exchange and sale of commodities, to encourage and develop the manufacturing, mercantile, and other material interests of said city; to foster trade at said city, to reform abuses therein, to settle difficulties between members, and to promote among them friendly and honorable business intercourse. 3. Such corporation shall have a capital stock of fifty thousand Capital dollars, to be divided into shares of fifty dollars each; and any person stock. may become a member of such corporation by subscribing for one or more shares of such stock, or by a transfer to him of one or more shares thereof. Such capital stock shall be deemed personal property, and shall be transferable in such manner as shall be provided by the bylaws of such corporation; but no share shall be transferable until all previous calls thereon shall have been fully paid, or shall have been declared forfeited for non-payment of a call or calls thereon; and any of shares. Forfeiture share may, in such manner as shall be provided by the by-laws, be declared forfeited for non-payment of any call thereon. The capital of stock. stock of such corporation may be increased to an amount not exceeding two hundred and fifty thousand dollars, on the vote of two-thirds of the directors. Increase Corporate powers. § 4. Such corporation shall have power to erect, or otherwise obtain, a suitable building or buildings, for the meetings of its members or its other purposes; to borrow money, and issue bonds or other obligations therefor, and to secure the same by mortgage; and generally to acquire by gift, grant, purchase, devise or bequest, subject to the provisions of law in relation to devises and bequests, such real and personal property not exceeding in the aggregate five hundred thousand dollars in value, as may be necessary or convenient for its purposes, and to hold, sell, lease, mortgage and convey the same to effect the objects of such corporation. § 5. Such corporation shall have power to make by-laws, not inconBy-laws. sistent with law, or the provisions hereof, regulating the admission, government, suspension and expulsion of members; the number, election, powers and duties of its officers, the filling of vacancies in the board of directors, the management of its property and affairs, and the transfer of its stock. First § 6. The capital stock, property, affairs and business of such corporaDirectors. tion shall be managed by a board of directors, who shall be stockholders therein, and residents of the county of Erie. The persons named in the first section of this act shall constitute the first board of directors. The first meeting of such board shall be held at the Tifft House, in the city of Buffalo, on the first Tuesday of April, eighteen meeting. hundred and seventy-five, at seven o'clock in the evening. On the first Tuesday of April, eighteen hundred and seventy-six, at ten o'clock in the forenoon, a meeting of the stockholders of such corporation shall be held at its office in the city of Buffalo, for the election of twentyDirectors, one directors; which shall thereafter be the number of directors number therein. Immediately after such last-mentioned election, the directors tion of. so elected, shall, by lot or otherwise, divide themselves into three Classifica classes of seven each, one of which shall hold office for the term of and elec tion. Voters, Election, one year, another for the term of two years, and the third for three years. And annually thereafter seven directors shall be elected by the stockholders, to hold office for three years. Every director shall continue in office until his such* successor shall have been chosen. In the election of directors each stockholder shall be entitled to one vote, personally or by proxy on each share of stock held by him. Notice who are. of the time and place of every election shall be published at least two notice of consecutive weeks, in at least two daily newspapers published in said city of Buffalo. A majority of the directors shall constitute a quorum. 7. Each stockholder in such corporation shall be personally liable Liability to the creditors thereof, to an amount equal to the stock held by him of stock for all debts and contracts made by it, until the whole amount of its capital stock, as fixed at the time such person became the holder of such stock, shall have been subscribed, and paid in, and a certificate thereof signed by the treasurer, and verified by him, filed in the office of the clerk of the county of Erie; but no stockholder shall be personally liable for any debt contracted by such corporation, which is not to be paid within one year from the time the debt is contracted, nor unless an action for the collection of such debt shall be brought against such corporation, within two years after the cause of action against it accrued, nor until an execution against the property of such corpora holders. *So in the original. tion shall have been returned unsatisfied in whole or in part. No person holding stock in such corporation as executor, administrator, guardian or trustee, and no person holding such stock as a collateral security, shall be personally liable as a stockholder therein, but the person pledging such stock shall be liable as stockholder, and the estate. and funds in the hands of such administrator, executor, guardian or trustee, shall be liable to the same extent, as the testator or intestate, or the ward or person interested in such fund, would have been, if he were living or competent to act. § 8. This act shall take effect immediately. Chap. 86. AN ACT to extend the time for the collection of taxes in the city of Elmira. Passed March 31, 1875; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The time for the collection of the county taxes in the city of Elmira, county of Chemung, is hereby extended until the fifteenth day of May, eighteen hundred and seventy-five; provided, however, that within ten days after the passage of this act the collector of said city shall pay over all moneys by him collected, and renew his bond to the satisfaction of the supervisors of said city or a majority of them. §2. This act shall take effect immediately. Chap. 87. AN ACT providing for the appointment of additional notaries public. Passed April 1, 1875; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The Governor is hereby authorized and empowered, by and with the consent of the Senate, to appoint in each county, except the city and county of New York, notaries public equal to ten for each Assembly district, and in said city and county two hundred and fifty notaries public, in addition to the number now allowed by law; provided, however, that in each county, which is a single Assembly district, the additional number of notaries public be fifteen. And hereafter at the time of subscribing or filing the oath of office, the county clerk of each county, and the clerk of the city and county of New York shall collect from the person appointed the sum of fifty cents, and the said clerks respectively shall annually account therefor to the State Treas urer. Addition al notaries to be ap pointed. § 2. All acts and parts of acts inconsistent with this act are hereby Repeal. repealed. §3. This act shall take effect immediately. |