Imágenes de páginas
PDF
EPUB

and place as may be designated by it. At such meeting a full and specific report of all receipts and expenditures of the preceding year or since the last meeting, as the case may be, shall be submitted. Not less than five days' notice of each meeting shall be given to each director and to each member and policyholder, who shall have been such for thirty days, in such manner as the by-laws may direct, except that in lieu thereof such notice may be given to the subordinate body of a society having a grand or supreme body, or to a local board subordinate to the association. Every such association, corporation or society, other than secret fraternal societies now authorized to do business in this state, must hereafter, before the adoption of any by-law or amendment thereto, cause the same to be mailed to the members and directors of such association, society or corporation, together with a notice of the time and place when the same shall be considered, which notice shall be the same as herein before required for stated meetings. All associations, societies, companies, corporations or organizations now transacting or hereafter desiring to transact the business of life or casualty insurance in this state upon any other plan than that defined in and by this article, shall comply with all the provisions of the general life and health insurance laws. No such corporation organized under the laws of this state shall transfer its risks to or re-insure them in any other corporation unless the contract of transfer or re-insurance. is first submitted to and approved by a two-thirds vote of a meeting of the insured called to consider the same, of which meeting a written or printed notice shall be mailed to each member, certificate holder or policyholder at least thirty days before the day fixed for such meeting. If such transfer or re-insurance shall be approved, every member, certificate holder or policyholder of the corporation who shall file with the secretary thereof within ten days after the meeting a written notice of his preference to be transferred to some other corporation than that named in the contract, shall be accorded all the rights and privileges, if any, in aid of such transfer as would have been accorded under the terms of such contract had he been transferred to the corporation named therein. No such corporation, association or society organized under the laws of this state shall transfer its risks or assets or any part thereof to, or re-insure its risks or any part thereof in any insurance corporation or association of any other

state or country which is not at the time of such transfer or re-insurance authorized to do insurance business in this state under the laws thereof. No corporation, company or association, possessed of a capital stock, as specified in this section, shall advertise such capital stock in or on any printed matter, advertisement, policy or certificate issued or circulated, or to be issued or circulated in this state; nor shall any agent or broker or solicitor advertise it as a stock company, or as possessed of a capital stock, but its total assets may be advertised as assets. § 2. This act shall take effect immediately.

Chap. 272.

AN ACT to repeal sections eleven, twelve, thirteen, fourteen, fifteen, sixteen, seventeen, eighteen, nineteen, twenty, twentyone and twenty-two, of chapter four hundred and fifty-three of the laws of eighteen hundred and eighty-nine, entitled "An act in relation to local improvements in towns having a total population of four thousand inhabitants exclusive of any incorporated city or village therein and adjoining a city having a population of over one million," as amended by chapter four hundred and seventeen of the laws of eighteen hundred and ninety-three.

BECAME a law April 6, 1894, with the approval of the Governor. Passed by a two-thirds vote.

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

missioners,

lating to,

Section 1. Sections eleven, twelve, thirteen, fourteen, fifteen, Sewer comsixteen, seventeen, eighteen, nineteen, twenty, twenty-one and sections retwenty-two of chapter four hundred and fifty-three of the laws repealed. of eighteen hundred and eighty-nine, entitled "An act in rela tion to local improvements in towns having a total population of four thousand inhabitants, exclusive of any incorporated city or village therein and adjoining a city having a population of over one million," as amended by chapter four hundred and seventeen of the laws of eighteen hundred and ninety-three, is hereby repealed.

§ 2. This act shall take effect immediately. 63

Appropriation for bridge.

Payment to bridge companies.

Chap. 273.

AN ACT making an appropriation for the construction of a bridge in the Allegany reservation across the Allegany river in the town of Elko in the county of Cattaraugus.

BECAME a law April 6, 1894, with the approval of the Governor. Passed, three-fifths being present.

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

Section 1. The sum of seven thousand dollars is hereby appropriated out of any money in the treasury not otherwise appropriated, for the purpose of paying one-half of the expense of an iron bridge to be built across the Allegany river on the Allegany Indian reservation, at the point where the Quaker run bridge was located in the town of Elko, in the county of Cattaraugus, in pursuance of the plans and specifications, and terms of the contract made by the said town of Elko with the Groton bridge company, dated the twenty-seventh day of November, eighteen hundred and ninety-three, and in pursuance of the plans and specifications in such contract specified.

§ 2. When the said bridge shall have been constructed according to such plans and specifications, and in accordance with the terms of said contract, and shall have been accepted by the highway commissioner of the said town of Elko, and the superintendent of public works of the state of New York, the treasurer of the state shall pay upon the warrant of the comptroller the sum of seven thousand dollars to the Groton bridge company in full payment of one-half of the purchase price of said bridge. $ 3. This act shall take effect immediately.

Chap. 274.

AN ACT to amend the charter of the United States Mortgage

Company.

BECAME a law April 6, 1894, with the approval of the Governor. Passed, three-fifths being present.

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

amended.

Section 1. Section two of chapter nine hundred and twenty- Charter four of the laws of eighteen hundred and seventy-one, entitled "An act to incorporate the United States Mortgage Company," is hereby amended to read as follows:

privileges

ties.

§ 2. The corporation hereby created shall have the general Powers, powers and privileges, and be subject to the liabilities, mentioned and liabil and declared in the third title of the eighteenth chapter of the first part of the revised statutes, and in addition thereto shall have power:

bonds and

First. To loan money on bond and mortgage on real estate Loans on situated within the United States, or upon the hypothecation of mortgages. such real estate, or upon the hypothecation of bonds and mortgages on such real estate, for any period of credit, and repayable by way of annuity or otherwise.

sale of

Second. To issue bonds of said company, and to sell and dis- Issue and pose thereof; but the amount of such bonds outstanding at any bonds. time shall not exceed the amount of moneys then owing to the said company upon the loans aforesaid; and such bonds may be made payable to bearer or may be registered bonds.

trustees

Third. To receive moneys on deposit at such rates of interest Deposits. as may be agreed upon, not exceeding the lawful rate of interest, to receive deposits of trust moneys, securities and other personal property, from any person or corporation, to act as trustee under Acting as any mortgage or bond issued by any municipality, body politic or corporate, and accept and execute any other municipal or corporate trust not inconsistent with the laws of this state. Fourth. To purchase, hold and convey all such real or personal Real and estate as shall be necessary for said company to use in the trans-estate. action of its business, or such as said company may acquire in the collection or settlement of its demands or claims, or purchase or take on, or by the foreclosure of mortgages or hypothecations taken as aforesaid.

2. This act shall take effect immediately.

personal

Chap. 275.

AN ACT to amend the election law, being chapter six hundred and eighty of the laws of eighteen hundred and ninety-two. RECAME a law April 9, 1894, with the approval of the Governor. Passed, three-fifths being present.

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

Section 1. The following sections of the election law are hereby amended so as to read respectively as follows:

§ 3. Times of opening and closing polls of elections.-The polls of every general election, and, unless otherwise provided by law, of every other election, shall open, if in the city of New York, at six o'clock in the forenoon; if elsewhere, at sunrise; and shall close, if in the city of New York, at four o'clock in the afternoon, if elsewhere at sunset. After the polls are open there shall be no adjournment or intermission of the election, until the polls are closed.

[ocr errors]

§ 16. Preservation of order by inspectors at elections and their meetings. All meetings of the board of inspectors shall be public. The said board, and each individual member thereof, shall have full authority to preserve peace and good order at such meetings and around the polls of an election, and to keep the access thereto open and unobstructed, and to enforce obedience to their lawful commands during their meetings. The said board may appoint one or more electors to communicate their orders and directions, and to assist in the performance of their duties in this section enjoined. If any person shall refuse to obey the lawful command of the inspectors, or by disorderly conduct, in their presence or hearing, shall interrupt or disturb their proceedings, they may make an order directing the sheriff or any constable of the county, or any peace officer, to take the person so offending into custody and detain him until the final canvass of the votes shall be completed, but such order shall not prohibit the person so taken into custody from voting at such election. Such order shall be executed by any sheriff, constable or peace officer to whom the same shall be delivered, but if none shall be present by any other person deputed by such board in writing. The said board, or any member thereof, may order the

« AnteriorContinuar »