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Village of Douglas may take stock in
AN ACT authorizing the village of Douglas, in the counties of Delaware and Sullivan, to subscribe for and take capital stock in certain stock companies in said village.
Passed May 5, 1868; three-fifths being present.
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. The village of Douglas, in the counties of Delaware and Sullivan, is hereby authorized and empowered to take stock, not to exceed in amount the sum Hydraulic of ten thousand dollars, in the Long Eddy Hydraulic and Manufacturing Company, said company having been heretofore duly organized by law in said village.
§ 2. The board of trustees of said village shall apunder this point three persons who shall act as a board of commissioners to carry into effect the provisions of this act, who shall hold office until others are appointed in their respective places. Said commissioners, before entering pon their duties, shall take the usual oath of office, which shall be filed with the clerk of said village.
Oath of office.
Village to issue scrip.
§ 3. A majority of said commissioners shall constitute a quorum for the transaction of any of the business of aid board, and all vacancies which shall occur in said Doard from any cause shall be filled as soon as practicable by said board of trustees.
§ 4. For the purpose of taking said stock, and for no other purpose whatever, said village is hereby authorized and empowered to issue notes, scrip, or certificates of debt, to be denominated on the face thereof "Internal improvement fund of the village of Douglas," to an amount not exceeding the sum specified in the first section of this act, bearing interest at no greater rate than seven per cent per annum, the principal of which shall be payable at some future time or times, within thirty years from the issuing of the same; and said notes, cuted and scrip, or certificates shall be signed by the president and countersigned by the treasurer thereof, and shall, when issued, be obligatory upon said village and the
Rate of interest, and when redeemable.
Scrip; how exe
inhabitants thereof, according to the purport and tenor
of the same.
§ 5. Said board of commissioners shall be the trustees Commisof said notes, scrip, or certificates of debt issued by superinsaid village; shall superintend the issuing of the same, and sale of and regulate the particular form thereof. The said scrip. commissioners shall negotiate the bonds of the said village when issued, at not less than par, and shall invest Proceeds; the proceeds arising from the sale thereof to the credit vested. of the village of Douglas, in United States securities, or in any other security that may be approved by the board of village officers, said security to bear an interest of seven per cent, and be payable semi-annually, and Assesssaid commissioners shall have power to collect said se- stock; how curities to meet and pay the assessments made on the stock of said company so owned by the village of Douglas, but in no case shall the stock owned by the village be assessed or pay any greater assessment than on the stock owned by the other stockholders therein; said village Conditions shall not have the right to take and subscribe said stock which subas aforesaid, until at least fifteen thousand dollars of the scriptions stock of said Long Eddy Hydraulic Manufacturing Com- shall be pany shall have been in good faith subscribed, and an village. assessment of at least forty per cent thereon paid into the treasury of said company. But no such debt shall be contracted or bonds issued by said commissioners until the written consent, duly acknowledged in the form of a conveyance of real estate, shall have been obtained by a majority of the tax-payers of the said village, appearing upon the last assessment roll, and shall represent a majority of the taxable property of such village ap pearing on the last assessment roll on file in said village clerk's office. Such consent shall be proved or acknowledged in the same manner as conveyances of real estate. The fact that the persons signing said consent are a majority of the tax-payers of said village, and represent a majority of the taxable property of said village, shall Affidavit of be proved by the affidavit of one of the assessors of said assessors. village, or the certificate of the village clerk, under the seal of said village, indorsed upon each written consent; such consent and indorsement shall be filed in the office of the county clerk of Sullivan county, and a certified
ers to be
be proved or acknow
Avails of dividends on stock; how applied.
Deficiency to be supplied by village
Village may lay tax for sinking fund.
how to be
copy thereof in the said village clerk's office, and the same or a certified copy thereof shall be evidence of the facts therein contained and certified in any court of this state, and before any judge or justice thereof.
§ 6. The avails of all dividends declared by said company upon the amount of stock so taken therein by said village, shall be applied to the payment of the interest on said notes, scrip or certificates, and if there shall, at any time, still be an excess, the village treasurer shall report the fact to said board of trustees who shall apply the same to the extinguishment of the principal debt incurred by the issuing of said notes, scrip or certificates of debt.
§ 7. In case the avails of dividends declared by said companies shall be inadequate to meet the interest on said notes, scrip, or certificates, the deficiency shall be supplied by the laying of a tax on all persons and corporations and associations liable to be taxed in said village, which said tax may be laid at any village meeting legally called for that purpose; and said village may, at any meeting for that purpose specially called and held, lay taxes for the purpose of paying the principal debt aforesaid, or any part thereof, by the establishment of a sinking fund, or in any other manner.
Taxes; § 8. Taxes laid for the purpose mentioned in the precollected. ceding section may be collected in the same manner as other village taxes.
sioners and treasurer to give official bonds.
§ 9. The said board of commissioners and said village treasurer shall give bonds, with sufficient suretics, for the faithful performance of their several trusts, in such Compensa sums, and shall receive for their services such compensation as said board of trustees shall prescribe.
voters at tax meetings.
Board of trustees may call
§ 10. Any person who is qualified to vote at any village meeting called for the purpose of voting money for the purpose of defraying the ordinary municipal expenses of said village, shall be entitled to vote at any meeting called, as provided for in this act, provided that no person who is not a resident of said village, and not a taxable inhabitant thereof, shall be entitled to vote at any meeting provided for in this act.
11. The board of trustees of said village are hereby authorized and required to call any meeting of the tax
able inhabitants of said village for any purpose for tax meetwhich such meeting may be required or necessary, under the provisions of this act, which call shall be signed by the president of said board of trustees, and by the clerk of said village, and the same published for at least two Notice; weeks in one or more papers published in said village, and pub or by posting at least three copies of the same, for the same length of time, in separate and conspicuous places in said village.
§ 12. This act shall take effect immediately.
AN ACT relating to the old burying ground in
SECTION 1. The president and trustrees of the village of Fulton, Oswego county, are hereby authorized to re'move and to reinter in Mount Adnah Rural cemetery in said village, the remains of such persons as are buried in the old burying grounds located on parts of blocks, numbers sixty-three, sixty-two, seventy-one, and seventytwo, of said village, and to sell and convey by deed, the lands now embraced in the old burying ground, in the name and for the benefit of the village of Fulton, and from the funds received for such sale, pay the expenses of such removals and reinterment.
2. This act shall take effect immediately.
AN ACT in relation to appeals from decisions of
Passed May 5, 1868; three-fifths being present.
SECTION 1. In all cases where by special act the Canal Appeals Appraisers have been or may hereafter be authorized, awards of
canal appraisers, in
ferred by special
board to affirm, modify or reverse such
Appeals; when to be taken.
to hear and determine any claim for damages resulting from any cause, an appeal may be taken to the Canal Board from the decision or award of said Canal Appraisers, by the Canal Commissioners on the part of the State, or by any claimant affected by such award or decision. The Canal Board on such appeal, may affirm, reverse or modify the decision or award appealed from, and their decision shall be final and conclusive.
§ 2. Such appeal shall be taken within three months from the time that such decision or award shall have been made and entered, but from decisions or awards made prior to the passage of this act, and not paid or accepted, such appeal may be taken at any time within thirty days after such passage.
§ 3. All existing laws regulating appeals from the lating a decisions of the Canal Appraisers, not inconsistent with the preceding section, shall apply to appeals under this
peals, how to apply.
§ 4. This act shall take effect immediately.
AN ACT to authorize the town of Westchester, in the county of Westchester, to raise money to lay sidewalks in said town.
Passed May 5, 1868; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:
SECTION 1. The electors of the town of Westchester, in the county of Westchester, are hereby authorized to raise the sum of seven thousand dollars, by a vote of a majority of the electors of said town, at an annual town meeting, held in said town, to be applied for the purpose of laying stone sidewalks in said town, under the direction of the commissioners of highways thereof; and said amount, when voted, shall be levied, assessed and collected in said town, the same as other town charges are collected.
§ 2. This act shall take effect immediately.