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to what ex

tended.

Chap. 14.

AN ACT to extend the operation and effect of the act passed February 17, 1848, entitled " an act to authorise the formation of corporations for manufacturing, mining, mechanical, or chemical purposes."

Passed February 7, 1851.

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

Operation § 1. Any three or more persons may organise and form themselves into a corporation in the manner specified and required in and by the act entitled "an act to authorise the formation of corporations for manufacturing, mining, mechanical, or chemical purposes, passed February seventeenth, one thousand eight hundred and forty-eight," for the purpose of constructing and using machines for the raising of vessels or other heavy bodies.

Not limited

§ 2. Every corporation so formed shall be subject to all to county. the provisions, duties and obligations contained in the above mentioned act, and shall be entitled to all the benefit and privileges thereby conferred, except that such corporations shall not be confined in their operations to the county in which their certificate shall be filed.

3. This act shall take effect immediately.

Chap. 15.

AN ACT to change the place of holding the annual town meeting of the town of Seward, county of Schoharie, for the year one thousand eight hundred and fifty-one.

Passed February 7, 1851.

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

§ 1. The annual town meeting for the year one thousand eight hundred and fifty one, of the town of Seward, Schoharie county, shall be held at the house of Zachariah W. Ostrom, in said town.

§ 2. This act shall take effect immediately.

Chap. 16.

AN ACT submitting the claim of Daniel Cornell and Ransom Clark of the town of Guilford in the county of Chenango, to the electors of said town.

Passed Feb. 7, 1851, "three-fifths being present."

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

mitted to

§ 1. At the next annual town meeting in the town of Claim subGuilford in the county of Chenango, the claim of Daniel electors. Cornell and Ransom Clark, late commissioners of highways of said town for certain costs which they allege they have sustained in their official capacity by reason of litigation with the Oxford and Butternuts turnpike company, shall be submitted to the electors of said town.

tion how

collected.

§ 2. It shall be lawful for said electors in town meeting Compensaregularly assembled, to determine what amount of compen- awarded sation if any, shall be awarded to the said Daniel Cornell and how and Ransom Clark, on account of the claim in the first section of this bill, and the amount of compensation if any awarded shall be levied by the board of supervisors of said county of Chenango, upon the said town of Guilford in the same manner as other taxes are now levied by law.

§ 3. The decision of the said electors of the town of Guilford upon the said claim shall be final and conclu

sive.

§ 4. This act shall take effect immediately.

May borrow $1000.

Chap. 17

AN ACT to authorize the commissioners of highways of the town of Lancaster to borrow money.

Passed Feb. 7, 1851, "three-fifths being present."

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

§ 1. The commissioners of highways of the town of Lancaster, in the county of Erie, are hereby authorized to borrow, on the credit of said town, of the comptroller of this state, as hereinafter provided, or from any other source which to said commissioners shall seem most advantageous for the interests of said town, the sum of one thousand dollars, for the purpose of paying debts contracted and the building and repairing of bridges therein: Proviso. Provided, that a vote of the town be taken at the next annual town meeting in March, one thousand eight hundred and fifty-one, or one thousand eight hundred and fifty-two, in favor of the same.

To be collected in

§ 2. The board of supervisors, of the county of Erie, five yearly shall cause the money borrowed by virtue of this act to be instalments assessed and collected from the said town of Lancaster, in

Comptrol

from school

fund.

five yearly instalments, with annual interest thereon, and the same to be paid to the county treasury of such county, who shall apply the same to the payment of such debt until it shall be fully discharged.

§ 3. The comptroller of this state is hereby authorized ler to loan to loan to the town of Lancaster, out of the capital of the common school fund, the aforesaid sum of one thousand dollars, for the purposes mentioned in this act, on application of the supervisor and commissioners of highways of said town, on their executing to the people of this state, and delivering to the comptroller their official bond for the payment thereof, with interest, as provided in this act.

Bond.

4. The said commissioners shall not be authorized to receive such money from the comptroller until they produce to him a certificate from the town clerk, of said town of Lancaster, that they have filed in his office a bond with sureties approved by the supervisor, in the penal sum of two thousand dollars, conditioned for the faithful accounting and expenditure of the money, as contemplated by this act.

§ 5. This act shall take effect immediately on its passage.

Chap. 18.

AN ACT to authorize the city of Brooklyn to create a loan for the purpose of paying existing liabilities and current expenses to the first of September next.

Passed February 11, 1851, "three-fifths being present."

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

be loaned.

issued and

§1. The city of Brooklyn are hereby authorized to $150,000 to create a loan, in addition to the loans already authorized by law, not exceeding the sum of one hundred and fifty thousand dollars, for the purpose of paying existing liabilities and current expenses to the first of September next, the commencement of the fiscal year, and for that purpose the mayor and common council of the said city are authorized to issue bonds in the name of the said corporation, Bonds how each of the said bonds shall be for a sum not less than payable. one thousand dollars, and shall bear an interest not exceeding six per cent per annum, payable half yearly from the respective dates thereof, and the principal of said bonds shall be made payable on the first day of January, one thousand eight hundred and seventy-one. The sum Tax for of seven thousand five hundred dollars shall be annually sinking included in the annual tax, and shall be collected and deposited in the sinking fund yearly until said bonds are paid.

fund.

secured.

§ 2. The faith, property and effects of said corporation Bonds how are hereby pledged for the faithful payment of said bonds and the redemption of said loan, and the proceeds of the said bonds shall be solely and exclusively applied to the purposes specified in the first section of this act.

§3. This act shall take effect immediately.

Line com

may be

built by

one.

Chap. 19.

AN ACT in relation to railroad corporations.

Passed February 13, 1851.

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

§ 1. Whenever two railroad companies, shall, for a porcompanies tion of their respective lines, embrace the same location of line, they may by agreement provide for the construction of so much of said line, as is common to both of them by one of the companies, and for the manner and terms upon which the business thereon shall be performed. Upon the making of such agreement, the company that is not to construct the part of the line which is common to both, may Articles alter and amend its articles of association so as to termiamended. nate its line at the point of intersection, and may reduce its capital to a sum not less than ten thousand dollars for each mile of the road proposed to be constructed in such amended articles of association.

how

Part of line may be

§ 2. Whenever, after due examination, it shall be ascerconstruct- tained by the directors of any railroad company, organized ther State. under the act entitled "An act to authorize the formation

ed in ano

Land when and how appraised.

of railroad corporations, and to regulate the same," passed March 26th, 1848, or under the act entitled "An act to authorize the formation of railroad corporations, and to regulate the same," passed April 2d, 1850, that a part of the line of their railroad proposed to be made between any two points in this state, ought to be located and constructed in an adjoining state, it may be so located and constructed by a vote of two-thirds of all the directors, and the sections of said railroad within this state, shall be deemed a connected line, according to the articles of association, and the directors may reduce the capital specified in their articles of association to such amount as may be deemed proper, but not less than the amount required by law for the number of miles of railroad to be actually constructed in this state.

§ 3. Any railroad company formed under the act entitled "An act to authorise the formation of railroad corporations," passed March 26th, 1848, and which is duly continued in existence, when at least ten thousand dollars for every mile of its railroad proposed to be constructed in this state, shall be in good faith subscribed to its capital

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