Stock how

$5. The capital stock and business of said company shall appropriated. be appropriated and confined to the building of a good and substantial steam-boat; which boat shall perform regular trips on the waters between Orange town point in the county of Rockland, and the city of New-York.

President.

Saving clause.

Liability.

Suits.

Right reserved.

$6. The directors aforesaid, and those who may from time to time be elected, shall, as soon as may be after their election, appoint one of their number president of said company; and the said directors shall annually make a dividend of such part of the profits of said company as they may deem expedient.

$7. Should an annual election for directors not be held pursuant to the provisions of this act, the directors for the time being shall continue in office until others are elected.

8. The directors of said corporation shall be jointly and severally liable for the payment of all debts and demands contracted by said corporation, or their authorised agents or servants, or demands against said corporation as common carriers.

$ 9. Any person having demands against said corporation, may sue any director in any court having cognizance, and recover the same with costs; but before such suit shall be commenced, judgment and execution shall have been obtained against said corporation, upon such demand, which execution shall have been returned unsatisfied in whole or in part, or the said corporation shall have been dissolved.

$10. The legislature may, at any time, alter or amend this

act.

CHAP. 205.

AN ACT to amend the Act passed April 12th, 1816, entitled "An Act further to amend the Act entitled An Act to incorporate the Croton Turnpike Company.'

Passed April 16, 1830.

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

$1. The second section of said act is hereby repealed.

CHAP. 206.

AN ACT to incorporate the Rensselaer Glass Manufacturing Company.

Passed April 16, 1830.

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

created.

$1. Richard I. Knowlson, Isaac B. Fox and Daniel M. Corporation Gregory, and all such persons as now are or hereafter may become stockholders of the said company, shall be, and they are hereby created a body corporate and politic, in fact and in name, by the name of "The Rensselaer Glass Manufacturing Company."

$2. The corporation hereby created, is for the purpose of Glass manufacturing cylinder, window, crown, and other glass ware, in the county of Rensselaer within this state, and for no other purpose whatever.

$3. The capital stock of the said company shall be fifty Stook. thousand dollars, and shall be divided into shares of one hundred dollars each; but it shall be lawful for the said corporation, when and so soon as twenty-five thousand dollars of the said capital stock shall have been subscribed for and paid in, to commence their said business, and with that capital to conduct and carry on the same until they shall find it expedient to extend their capital, which they are authorised to do from time to time to the amount herein before mentioned.

tions.

S4. The subscription to the said stock shall be opened Subscripunder the direction of Richard I. Knowlson, Daniel M. Gregory and Richard Spencer junior, or any two of them, who are hereby appointed commissioners for that purpose, and authorised to receive subscription to the said capital stock, on such day and at such place in the county of Rensselaer as they shall appoint, giving at least fourteen days' notice of such time and place of receiving subscription in one of the public newspapers in the city of Troy; and that the sum of two dollars on each share, shall be paid to the said commissioners on such subscription as they shall receive as aforesaid: And in case the amount of fifty thousand dollars of the stock should not be taken on said day, then the said commissioners, or a majority of them, are authorised, on such other day or days, and at such place or places as they shall from time to time appoint, to receive further subscription, until the whole required capital stock shall have been subscribed for and taken

up.

$5. The stock, property, and concerns of the said company, Director shall be managed and conducted by five directors; any three may be a quorum to transact business, one of whom to be pre

Election.

Transfers.

By-laws.

Transfers.

sident; who may respectively hold their offices for one year, or until others are chosen, and no longer: And the said board shall be elected by such of the stockholders as shall attend for that purpose, either in person or by proxy, on such day and at such place as shall be designated by the said commissioners, or a majority of them, appointed in and by the preceding section of this act; and the said commissioners are hereby appointed inspectors of said election; and the said board then chosen, shall hold their offices until the first Monday of June preceding their election, and until others shall be elected in their stead; and the said directors, after the said term shall have expired, shall be chosen annually on the first day of June in each year, and at such place in the county of Rensselaer, as a majority of the directors may prescribe; of which election, notice shall be given at least fourteen days previous, by publication in one of the papers published in the city of Troy; and such election shall be holden under the inspection of two stockholders to be appointed by the directors for the time being, and shall be made by ballot, by a plurality of votes, allowing one vote for every share, and the stockholders not present may vote by proxy,

.

§ 6. In case it shall at any time happen that an election of directors should not be made on any day when, pursuant to this act, it ought to be made, the said corporation shall not for that cause be deemed to be dissolved; but it shall and may be lawful, on any other day, to hold and make an election of directors, in such manner as shall have been regulated by the laws and ordinances of the said corporation.

$7. The stock of the said corporation shall be assignable and transferable, according to such rules and regulations as the board of directors may make and establish, and shall be considered personal property.

$8. The directors for the time being, or a majority of them, shall form a quorum for the transaction of all the business of the corporation; and shall have power to make all such bylaws, rules and ordinances, as to them shall appear needful and proper, for the management and disposition of the stock, pro perty, estate, and effects of the said corporation.

S9. No transfer of any stock in said company shall be valid, until the same shall have been registered in a book or books to be kept for that purpose; which book or books shall, at all reasonable hours of transacting business, be open to the examination of any stockholder; and in case of any officer of said company shall have refused to permit the same to be examined as aforesaid, he shall, for every such offence, forfeit the sum of one hundred dollars, the one moiety whereof to the people of the state of New-York, and the other moiety to him

or them who shall sue for the same, by action of debt, in any court of record, together with the costs of such suit.

$10. The duration of the corporation created by this act, Duration of shall be twenty-one years, and no longer.

act.

S 11. This act shall be deemed and taken to be a public Public act. act, and the same shall be construed benignly and favorably for every purpose intended; and the legislature shall have the power to alter, modify, amend, or repeal the same.

$12. The said corporation shall be subject to the provisions Privileges contained in the third and fourth titles of the eighteenth chap- and restric ter of the first part of the Revised Statutes.

tions.

CHAP. 207.

AN ACT to amend the Act passed February 19th, 1819, relative to the Port-Wardens, Harbor-Masters and Pilots of the Port of New-York.

Passed April 16, 1830.

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

$1. The provisions of the twenty-fifth section of the act hereby amended, shall extend and apply to all vessels navigating the channel of the East river, commonly called Hell-Gate, except vessels sailing under coasting license of less than one hundred tons burthen.

$ 2. If any person other than a branch or licensed pilot, shall pilot for any other person, any vessel of any description, through the channel of the East river commonly called HellGate, or board such vessel for that purpose, he shall forfeit and pay the sum of thirty dollars for every such offence, to be sued for and recovered in the name of the master warden of the port of New-York, before any justice or court having cognizance of the same in the city of New-York; and all such fines, when recovered, after paying necessary costs and charges, shall be deposited in the Savings Bank, and constituted a charitable fund, to be disposed of for the benefit of indigent widows and orphan children of deceased East river pilots, under the direction of the board of wardens.

Hell-Gate

Penalty.

Half

$3. The half pilotage authorised by law to be collected whenever a pilot shall be refused, shall be paid over to the pilotage. master warden, and by him disposed of in the manner prescribed in the last preceding section.

Act revived.

General powers.

Public act.

Boundaries

Name.

CHAP. 208.

AN ACT to revive an Act entitled "An Act to incorporate
the Whitehall and Fairhaven Turnpike Company."
Passed April 16, 1830.
The People of the State of New-York, represented in
Senate and Assembly, do enact as follows:

$1. That the act entitled "An act to incorporate the Whitehall and Fairhaven turnpike company," passed April 10th, 1824, be, and the same is hereby revived and declared to be in full force and effect, from and after the passing of this act; and that the aforesaid company shall have until the first day of December, one thousand eight hundred and thirty-five, to finish their road.

$ 2. The corporation hereby created, shall possess the general powers and privileges, and be subject to the liabilities, of turnpike incorporations, as prescribed in the first title of the eighteenth chapter of the first part of the Revised Statutes of this State.

$3. This act shall be deemed a public act, and shall be liberally construed to effect the purpose hereby intended to be granted; and the legislature may, at any time hereafter, alter, modify, or repeal the same.

CHAP. 209.

AN ACT to incorporate the Village of Sherburne. Passed April 16, 1830. The People of the State of New-York, represented in Senate and Assembly, do enact as follows:

:

S1. All that part of the town of Sherburne, in the county of Chenango, comprised within the following limits, viz Beginning at the bridge over the stream crossing the road leading from Utica to Oxford, a few rods east of Eleazer Lathrop's house, running due west to the west bank of the Chenango river; thence northerly, on the west bank of said river, to a point opposite to the northwest corner of Eli Marsh's land; thence east, bounded on the north line of said Marsh and that of Daniel B. Knapp, to the quarter line; thence south, on said line, to a point in a right line from the said bridge; and from thence to the place of beginning-shall hereafter be known and distinguished as "The village of Sherburne ;" and the inhabitants residing within the bounds aforesaid shall hereafter, henceforth and forever, be a body politic and corporate in fact and in name, by the name of "The Trustees of the Village of Sherburne," by which