« AnteriorContinuar »
ment of amount not re
sum herein reappropriated, or so much thereof as may not at the time be required for immediate expenditure, may, from time to time, be in-. vested by the commissioners of the canal fund in the revenue bonds of immediate the comptroller; but when such bonds shall mature the proceeds thereof and interest thereon, when repaid into the treasury, shall revert to the original fund, to be applied and expended as herein beforé provided.
§ 2. This act shall take effect immediately.
AN ACT to authorize the treasurer of the county of Oneida to redeem certain lands from the taxes thereon.
PASSED April 22, 1882; three-fifths being present.
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. The treasurer of the county of Oneida is hereby authorto redeem ized to redeem any of the lands in said county which have been returned to the comptroller for unpaid taxes thereon, imposed by the board of supervisors of said county, in the years eighteen hundred and seventy-one, eighteen hundred and seventy-two, eighteen hundred and seventy-three, eighteen hundred and seventy-four, eighteen hundred and seventy-five, eighteen hundred and seventy-six, eighteen hundred and seventy-seven and eighteen hundred and seventy-eight.
To what lands sections
one and two to apply.
§ 2. If any such lands have been sold, or may hereafter be sold by said comptroller for such delinquent taxes, the said treasurer may redeem the said lands from the effect of such sale in the same manner and to the same extent which the owner or owners are authorized to redeem the same.
§3. The authority contained in sections one and two of this act shall apply only to such lands which have been, or which may hereafter be sold by said treasurer in pursuance of chapter ninety-one, laws of eighteen hundred and eighty, and the laws amendatory thereof, for the taxes levied thereon, subsequent to the year eighteen hundred and seventy-six.
4. The board of supervisors of said county may levy the amount orsey paid for such redemption, and the interest thereon from the date of required. such payment to the first day of April next ensuing such levy upon the taxable property in the town where such delinquent property may be situated, for the purpose of replacing the amount paid for such redemption.
ors may transfer
lands to towns.
§5. Any lands which have been, or which may hereafter be sold by the comptroller for delinquent taxes returned to him from eighteen hundred and seventy-one to eighteen hundred and seventy-eight, both inclusive, and which have been, or may hereafter be bid in by said comptroller in and for the county of Oneida, in pursuance of chapter four hundred and two, laws of eighteen hundred and eighty-one, may be transferred by the board of supervisors of said county to the towns where such lands are respectively situated, and the amount of taxes, with the interest thereon, shall be levied by said board upon the taxable property in such towns.
§ 6. The title of such lands so transferred shall be vested in said
towns respectively, and the board of town auditors thereof may dis- vest in pose of and convey them at such times and on such terms as a major- towns. ity of the same shall determine.
§ 7. This act shall take effect immediately.
AN ACT to incorporate the Lewiston and Ontario Bridge
PASSED April 22, 1882; three-fifths being present.
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. All persons, who shall become stockholders pursuant to Corporatthis act, shall be and they are hereby incorporated a body corporate, by ors. the name of the Lewiston and Ontario Bridge Company, with power to associate with any other persons, company, association or corporation, in the United States or Canada, for the construction and maintaining a bridge for railroad and carriage purposes, on the right bank of the Niagara river, at some point in the corporation of the village of Lewiston, or within two hundred rods south of the village line, to some point in Canada on the left bank of said river.
$2. The capital stock of said company shall be one million dollars, Stock. to be divided into shares of one hundred dollars each.
§3. The affairs of the company shall be managed by a board of nine Managedirectors, all of whom shall be stockholders of the company, holding affairs. at least ten shares each, and after the first election shall be chosen annually on the first Tuesday in June, in each year, at such place as the stockholders may direct, and upon such notice to the stockholders, as a majority of the directors may appoint, by a majority of the stockholders voting at such election, in person or by proxy, and in such manner as may be prescribed in the by-laws of the company, and such directors shall continue to be directors until others are elected in their places; and in the election of directors and in every other case wherein a vote shall be submitted to the stockholders and a poll demanded, each stockholder shall be entitled to one vote, personally or by proxy, on every share held by him, thirty days previous to any such election or vote being taken.
§ 4. The directors shall have power to make all reasonable by-laws By-laws, and rules consistent with general laws for the government of the company and its officers and agents, and to fix such rates of toll for the use of the said bridge, and from time to time to change the same as they may deem expedient, aud may require from stockholders payment of all sums of money by them subscribed, at such times and in such proportions as may be deemed proper under the penalty of a forfeiture of their respective shares, and all payments thereon, first giving thirty days' previous notice of such call to each stockholder personally or by mail, and in two or more newspapers printed in the county of Niagara.
5. All the stockholders under this act shall be severally and in- Liability of dividually liable to an amount equal to the amount unpaid on the stock stockheld by them, respectively, for all debts and liabilities of such company until the whole amount of the capital stock so held by said stockhoiders, respectively, shall have been paid, and a certificate or certificates thereof filed on the part of each or all of said stockholders, that
General corporate powers.
the respective amounts of each have been paid in the office of the clerk of the county of Niagara.
§ 6. The said corporation shall possess the general powers and be subject to the restrictions and liabilities prescribed in title three of chapter eighteen of part first of the Revised Statutes, so far as the same are applicable thereto.
§ 7. The said corporation is hereby empowered to purchase, receive corporate and hold such real estate, on either side of the Niagara river, as may be necessary and convenient in accomplishing the objects for which this charter is granted, and may, by their surveyor and engineers, enter upon such sites and locations and take possession of the same. such sites and locations as shall be entered upon, as aforesaid, shall, except donations, be purchased of the owner or owners at a price to be mutually agreed upon. In cases of the disagreement of the prices to be paid for any such lands within the boundary of the state of New York, then the said corporation shall possess all the powers and privileges contained in the thirteenth, fourteenth, fifteenth, sixteenth, seventeenth, eighteenth, nineteenth, twentieth, twenty-first, twentysecond, twenty-third, twenty-fourth, twenty-fifth twenty-sixth and twenty-eighth sections of the act, entitled "An act to authorize the formation of railroad corporations, and regulate the same," passed April second, eighteen hundred and fifty, and as the same have been and stand amended, and subject to the duties, liabilities and provisions in the said sections contained.
May 20, 1869, to apply.
§ 8. The corporation shall possess the general powers and be subject act passed to the restrictions and liabilities prescribed in the act entitled “An act authorizing the consolidation of certain railroad companies," passed May twenty, eighteen hundred and sixty-nine, so far as the same is applicable thereto, for the purposes of consolidating the same with a corporation chartered for a like purpose by the parliament of Canada; and shall further have the power to lease the said bridge, the approaches and connections thereto, and appurtenances to any chartered corporation, for such time, and on such terms as may be agreed upon.
Corporation may borrow
Charge for use of
9. The said corporation, or the new corporation, in case of consolidation with any other corporation or corporations, shall have power from time to time to borrow such sums of money as may be necessary for constructing and completing the said bridge, and for acquiring the necessary real estate for the site thereof and the approaches thereto, and to mortgage its corporate property and franchises to secure the payment of any debt which shall be contracted by such corporation for the purposes aforesaid; and it shall be lawful for any corporation chartered by the legislature of this state, or by any other state or by the parliament of Canada, or the province of Ontario, to loan its credit to the corporation hereby created, or may subscribe to or become the owner of the stock thereof in like manner and with like rights, as individuals; and the said corporation or corporations, having entered into such lease, and agreed for the loan of its or their credit for that object, by direct guaranty or traffic, contract or otherwise, the said corporation hereby chartered, or the new corporation, in the case of consolidation, may issue bonds which shall bear the credit or guaranty of the said corporation or corporations, to an amount not exceeding one million dollars, and shall have the same charge and effect upon the undertaking and property, and to the same extent as is secured by this section by way of mortgage.
§ 10. The said corporation or corporations, being lessees, shall have the right to charge such fair compensation for the use of the bridge,
and the appurtenances and approaches thereto, by the corporations, or by any company whose business shall pass over the same, as shall be found requisite to enable them to pay, first, all the expenses of keeping the works in repair, and interest upon the money borrowed for the construction thereof, and dividends not exceeding ten per centum upon their capital stock, and such additional sum as will furnish a sinking fund in each year not to exceed five per centum of the amount of its bonded debt, for the purpose of gradually extinguishing the same, and the deficiencies of toll to supply such compensation in any one year may be charged and collected in any subsequent year.
§ 11. If said bridge be not commenced before the first day of July, when eighteen hundred and eighty-six, and completed within four years bridge to thereafter, said corporation shall from thenceforth cease.
§ 12. John Fleming, James H. Kelly and Joel L. Walker, of the and comtown of Lewiston, Wilton Randall, of the city of Buffalo, and James Commis Jackson, Jr., and Thomas Scoville, of the city of Lockport, Franklin sioners to Spaulding, of the town of Niagara, John Hunter, of the county of Cay- scription uga, and George H. Thompson, of the city of Rochester, in the state books, of New York, shall be commissioners, a majority of whom shall, when etc. this act shall have passed and become a law, and as soon thereafter as they may deem expedient, have power to locate said bridge, which location shall not be changed except by and with the consent of a majority of the commissioners herein named, and appoint some suitable place in the village of Lewiston to open the books and receive subscriptions to the capital stock of said corporation, of which two weeks' public notice shall be given in at least one of the newspapers published in the county of Niagara ; and said commisioners may adjourn, from time to time, as they may deem proper, and open the books for further subscriptions, until the sum of one hundred thousand dollars shall have been subscribed in the capital stock, and if more than the whole stock shall have been subscribed, the same shall be distributed pro rata among the subscribers.
be paid at
§ 13. The sum of ten dollars upon each share of stock so subscribed Amount to shall be paid to the commissioners attending at the time of making time of such subscription, which shall be held for the purposes of the corpora- subscribtion, and shall be paid to the directors for such purposes, upon their stock. election, as hereinafter provided; except in respect to such subscriptions as the said commissioners shall have excluded, in which case the said sums so paid in respect to such excluded subscription shall be returned by the commissioners to the person or persons who shall have paid the same.
§14. As soon as the sum of one hundred thousand dollars on the Meeting of capital stock shall have been duly subscribed and have obtained the stockapprobation of the commissioners, they, or a majority of them, shall when to be give two weeks' notice in two public newspapers published in the county of Niagara, of a meeting of the stockholders to choose directors; and the said commissioners, or such of them as shall attend, shall Election of preside at the first election, and such election shall be made at the time and place appointed by the commissioners in their notices by such of the stockholders as shall be present in person or by proxy, and the commissioners so presiding shall, under their hands, certify the names of the directors so elected, and shall appoint the time and place of the first meeting of the board of directors, and at such first meeting, and as soon as a majority of the said directors shall be present, the commisioners shall deliver over the subscribtion* money, books and
So in original.
papers to the directors, whereupon the duties of the said commissioners shall cease, and they stand discharged of their duties under this act, except so far as pertains to the location of said bridge.
$15. The director shall, at their first meeting after such election, and after every annual election of directors under this act, appoint. from their number a president and vice-president; a majority of the whole shall at all times form a quorum of the board for the transaction of business.
§ 16. This act shall take effect immediately.
AN ACT to amend section two of chapter three hundred and sixty-five of the laws of eighteen hundred and sixty-two, entitled "An act to authorize the discharge of mortgages of record in certain cases.
PASSED April 24, 1882; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. Section two of chapter three hundred and sixty-five of the laws of eighteen hundred and sixty-two, entitled "An act to authorize the discharge of mortgages of record in certain cases," is hereby amended so as to read as follows:
§ 2. Such petition may be presented to the supreme court in the presented county where the mortgaged premises are situated, or to the county court of such county, or when situate in the city of New York, to the superior court thereof, or when situate in the city of Buffalo, to the superior court thereof.
supreme or County court.
of taxes extended.
2. This act shall take effect immediately.
An Act to authorize the extension of the time for the collection of taxes in the county of Richmond.
PASSED April 27, 1882; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. If any collector or receiver of taxes, in any town of bond, etc., Richmond county, shall pay over all moneys collected by him, and shall make his return to the treasurer of his county, as now required by law, of all unpaid taxes on lands of non-residents, and shall renew his bond as herein provided, the time for the collection of all other taxes and for making return thereof by him, shall be and is hereby extended to the first day of June eighteen hundred and eighty-two; such bond shall be renewed with such sureties as in any town shall be approved by the supervisor thereof, or, in case of his absence or inability to act, by the town clerk thereof. The penalty thereof in any case shall be double the amount of taxes in that case remaining