2. A public stock or fund, to be called "The Central Park Fund," shall be created for a loan of two millions eight hundred and sixty-seven thousand dollars, which shall bear an interest of five per centum per annum, payable half yearly, and shall be redeemable on the first day of July, in the year one thousand eight hundred and ninety-eight.

3. The nominal amount or value of each share of the said stock shall be one hundred dollars, and the same chall consist of twenty-eight thousand and sixty-seven shares; or portions thereof may be of the nominal amount or value of five hundred, or of one thousand dollars, and the number thereof shall be reduced accordingly.

? 4. The said loan shall be receivable at any time within sixty days from the passage of this ordinance.

5. The Comptroller is hereby authorized and directed to advertise for proposals to be received at any time within thirty days from the passage of this ordinance, and not to be opened until that day, for the said loan, or for any portion thereof, not less than the par value of one share of the said stock.

6. The said Comptroller shall determine, on and after the expiration of said thirty days, which and what proportion of said proposals shall be accepted, and shall issue certificates for the number of shares necessary to make up the said sum of two millions eight hundred and sixtyseven thousand dollars, to the person or persons, company or companies, whose proposals shall have been accepted; and such certificates shall be as nearly as may be in the form of the certificates issued for "The Water Stock of the City of New York."

7. The said Comptroller shall receive the moneys payable for or upon said loan, and shall pay the same into the city treasury, and keep a separate and distinct account of the same, and of all sums paid on account thereof.

28. The said moneys so to be received shall be applied by the said Comptroller in payment of the awards for the lands aforesaid, as confirmed by the order aforesaid of the Supreme Court.

9. For the payment of the balance of said awards, not exceeding the sum of one million six hundred thousand dollars, being the amount assessed for benefit, and by the order aforesaid, of the Supreme Court, a public stock or fund shall be created, which shall bear an interest not exceeding six per cent. per annum, payable half yearly, and shall be

redeemable not exceeding three years from the issuing thereof, and shall be called "The Central Park Assessment Fund."

10. The nominal amount or value of each share of the said stock shall be one hundred dollars; or portions thereof may be of the nominal amount or value of five hundred dollars, or of one thousand dollars.

11. The Comptroller is authorized and directed to issue to any person or persons, company or companies, upon receiving the par value thereof, so much of the said stock as may be necessary to pay the balance of the award aforesaid. For the payment of said stock, the assessments for benefit aforesaid, and all moneys payable on account thereof, are hereby specifically pledged. A separate and distinct account shall be kept by the said Comptroller, of all stock thus issued, of all moneys received therefor, and of all moneys received on account of the assessments aforesaid.

12. The said moneys, so to be received, shall be applied by the said Comptroller in payment of the balance aforesaid of the awards aforesaid.

13. For so much of the awards, as are payable to the Mayor, Aldermen and Commonalty of the city of New York, for mortgages upon lands, within said park, now held by the Commissioners of the Sinking Fund, for lots heretofore sold by the said Commissioners, the Comptroller shall issue and deliver to the said Commissioners of the Sinking Fund, the five per cent. stock, described in the second section of this ordinance, for the amount of the mortgages aforesaid, to be held by said Commissioners in lieu of said mortgages, and as security for the redemption of the city debt.

14. The Collector of Assessments is hereby appointed and directed to proceed forthwith in the collection of the assessments.

An Ordinance to raise funds and provide for the purchase of the State Arsenal, and all the grounds appertaining thereto, in the city of New York. (Passed June 17, 1857).

The Mayor, Aldermen and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

1. A public fund or stock, to be called "The Central Park Fund," and to be an addition to the fund thus entitled and heretofore raised for the purpose of paying the awards for the piece of land known and enti

tled as "the Central Park Fund," shall be created for a loan of two hundred and seventy-five thousand dollars, which shall bear an interest of six per cent. per annum, and shall be redeemable on the first day of July, in the year 1898.

2. The nominal amount or value of each share of the said stock shall be in sums of one hundred, five hundred, or one thousand dollars, as the Comptroller may deem advisable.

3. The Comptroller is hereby authorized and directed to advertise for proposals to be received at any time within thirty days after the passage of this ordinance, and not to be opened until that day, for the said stock or fund, or for any portion thereof, not less than the par or nominal value thereof.

4. The Comptroller shall determine, on and after the expiration of said thirty days, which and what proportion of said subscriptions shall be accepted, and shall issue certificates for the number of shares necessary to make up the said sum of two hundred and seventy-five thousand dollars, to the person or persons, company or companies, whose proposals shall have been accepted, and such certificates shall be, as nearly as may be, in the form of the certificates issued for "The Water Stock of the city of New York."

5. The subscription to the said stock or fund shall be receivable at any time within sixty days after the passage of this ordinance.

6. The Comptroller shall receive the pledges payable for or upon said stock or fund, and shall pay the same into the city treasury, and keep a separate and distinct account thereof, in addition to, and in continuation of, similar subscriptions and payments, for "the Central Park Fund," heretofore issued.

27. The Comptroller shall pay to the Commissioners of the Land Office the said sum of two hundred and seventy-five thousand dollars, as the price or purchase money for the State Arsenal, and all the lands ap pertaining thereto belonging to the state, situated in the city of New York, upon receiving a good and valid deed or conveyance thereof, vesting the same in the Mayor, Aldermen and Commonalty of the city of New York, free from all incumbrances.

An Ordinance to authorize an additional amount of the Central Park Fund, created for the payment of the public place entitled "The Central Park."-(Passed December 30, 1858).

The Mayor, Aldermen and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

1. A public stock or fund, to be called "The Central Park Fund," shall be created, for a loan of three hundred and seventy-three thousand four hundred dollars, which shall bear an interest of six per centum per annum, payable quarter yearly, and shall be redeemable on the first day of July, one thousand eight hundred and eighty-seven.

2. The nominal value of each share of the said stock shall be one hundred dollars, and the same shall consist of three thousand seven hundred and thirty-four shares.

3. The Comptroller is hereby authorized to advertise for sealed proposals for a loan of the sum specified in this ordinance, at such time as in his judgment the interests of the Park Fund may require, giving thirty days' notice of all bids to be made for such loan, or any part thereof.

4. The Comptroller shall determine, on and after the expiration of said thirty days, which, and what proportions of said proposals shall be accepted, and shall issue certificates for the aforesaid number of shares, to the person or persons whose proposals shall have been accepted.

§ 5. The Comptroller shall receive all moneys payable for and upon said stock, and shall pay the same into the city treasury, and keep a separate and distinct account thereof, in addition to, and in continuation of similar payments for the Central Park Fund, heretofore issued.

26. The moneys received on account of the said stock shall be paid and applied by the Comptroller as provided by section 12 of an ordinance of the Common Council, entitled "An ordinance to create funds for the payment of the public place, entitled the Central Park," passed February 29, 1856.

An Ordinance to create funds for the payment of the lands acquired for the construction of a new reservoir for Croton water.-Passed August 19, 1856.

The Mayor, Aldermen and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

1. The Croton Aqueduct Board, acting in behalf of the Mayor, Aldermen and Commonalty, as provided by chapter 501 of the laws of 1853, having acquired title to all such lands lying between Eighty-sixth and Ninety-sixth streets, and Fifth and Seventh avenues, as they deem desirable, for the construction of a new reservoir, it is hereby declared that all the lands specially described or referred to, in the order for the confirmation of the proceedings of the Commissioners of Appraisal for taking the same, made on the 14th day of April, 1856, shall hereafter be known as the "New Reservoir for Croton Water."

2. A public fund or stock, to be called "The Water Stock of the city of New York, for the year 1854," shall be created for a loan of five hundred thousand dollars, bearing interest at the rate of five per cent. per annum, payable quarter yearly, and the principal shall be redeemable on the first day of October, in the year one thousand eight hundred and seventy-five, as provided by chapter 342 of the laws of 1854.

3. The nominal amount or value of each share of said stock shall be one hundred dollars, and the same shall consist of five thousand shares.

24. The Comptroller is hereby authorized to advertise for proposals, to be received at any time within thirty days from the passage of this ordinance, and not to be opened until that day, for the said loan, or for any portion thereof, not less than the par value of one share of the said stock.

5. The money subscribed on account of the said loan shall be paid into the city treasury, and applied and paid by the Comptroller, as provided by the 4th section, chapter 342 of the laws of 1854.

6. If money cannot be obtained on the stock authorized to be issued under this ordinance, at the rate of interest prescribed in the act authorizing the loan, the Comptroller is hereby authorized to issue the said stock to persons entitled to the payment of awards on the new reservoir; provided such persons will receive the same at par.