111 234 293 70 412 94 6948 2051 965 1061 71 Glass Factories. ....... ......... ... Wayne... Estimated value of improved lands and live stock in the state of NewYork, by the census of 1835, compared with the same in 1825. (See page 346.) 1825. Number, Average. $25 00 .... .1,885,771 10 00 18,857,710 15,134,210 524,895 50 00 26,244,750 17,481,400 4,261,765 1 50 6,392,647 5,244,808 1,554,358 4,403,719 MANUFACTURING COMPANIES. The number of manufacturing companies incorporated in this state, to May 6, 1834, was 256, and the amount of capital authorized, $28,604,482. The number and amount have since been considerably increased. A large proportion of these companies have been incorporated under the following General Act respecting Manufacturing Companies and amendments; by which it will be observed that associations of five or more persons may be formed, and obtain charters from the Secretary of State, at Albany, for manufacturing the following articles, viz : Wares, or articles of clay or earth. Woollen, Cotton, Linen, Glass, Pins, Beer, Ale, Porter. Morocco and other leather, in the counties of Greene, Delaware, and Oneida, only. Making from Ore-Bar Iron, Anchors, Mill Irons, Steel, Nail Rods, Hoop Iron, Ironmongery, Sheet Copper, Sheet Lead, Shot, White Lead, Red Lead. Extracting Lead from Ore. MANUFACTURING INCORPORATIONS. An act relative to incorporations for manufacturing purposes. Companies for manufacturing certain articles may be incorporated by filing a certificate in the Secretary's office. 1. Be it enacted by the People of the State of New-York, represented in Senate and Assembly, That at any time within five years hereafter, any five or more persons who shall be desirous to form a company for the purpose of manufacturing woollen, cotton or linen goods, or for the purpose of making from ore, bar iron, anchors, mill irons, steel, nail rods, hoop iron and ironmongery, sheet copper, sheet lead, shot, white lead and red lead; may make, sign and acknowledge, before a justice of the supreme court, a judge of the court of common pleas, or a master in chancery, and file in the office of the secretary of this state, a certificate in writing, in which shall be stated the corporate name of the said company, and the objects for which the company is formed, the amount of the capital stock of the said company, the number of shares of which the said stock shall consist, the number of trustees and their names who shall manage the concerns of the said company for the first year, and the name of the town and county in which the manufacturing operations of the said company are to be carried on. To be bodies corporate and politic, for twenty years from the time of filing the certificate Their corporate rights. 2. And be it further enacted, That as soon as such certificate shall be filed as aforesaid, the persons who shall have signed and acknowledged the said certificate, and their successors, shall, for the term of twenty years next after the day of filing such certificate, be a body politic and corporate, in fact and in name, by the name stated in such certificate, and by that name they and their successors shall and may have succession, and shall be persons in law capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and being defended, in all courts and places whatsoever, in all manner of actions, suits, complaints, matters and causes whatsoever; and they and their successors may have a common seal, and the same may make, alter and change at their pleasure; and that they and their * This act is still in force. See Revised Statutes, vol. 3, p. 310. successors, by their corporate name, shall in law be capable of buying, purchasing, holding and conveying, any lands, tenements, hereditaments, goods, wares, and merchandise, whatsoever, necessary to enable the said company to carry on their manufacturing operations, mentioned in such certificate. Trustees to be annually elected. Election, when to take place, and how to be conducted. Each share to have one vote. Vacancy in the office of trustees, how filled. Number of trustees not to exceed nine. 3. And be it further enacted, That the stock, property and concerns of such company, shall be managed and conducted by trustees, who, except those for the first year, shall be elected at such time and place as shall be directed by the by-laws of the said company, and public notice shall be given of the time and place of holding such election, not less than ten days previous thereto, in the newspaper printed nearest to the place where the manufacturing operations of the said company shall or are to be carried on, and the election shall be made by such of the stockholders as shall attend for that purpose, either in person, or by proxy, and all elections shall be by ballot; and each stockholder shall be entitled to as many votes as he owns shares of the stock of 'the said company, and the persons having the greatest number of votes, shall be trustees; and whenever any vacancy shall happen among the trustees, by death, resignation, or removal out of the state, such vacancy shall be filled for the remainder, in such manner as shall be provided by the by-laws of the said company: Provided always, That the number of trustees shall not exceed nine, and that they shall respectively be stockholders in such company. Company not dissolved by neglect to elect trustees on the day appointed by law, 4. And be it further enacted, That in case it shall at any time happen that an election of trustees be not made on the day when, by the by-laws of the said company, it ought to have been done, the said company for that cause shall not be dissolved, but it shall and may be lawful on any other day, to hold an election for trustees, in such manner as shall be directed by the by-laws of such company. Capital stock not to exceed one hundred thousand dollars. Shares forfeited for non-payment of calls. 5. And be it further enacted, The capital stock of such company, shall not exceed one hundred thousand dollars; and it shall be lawful for the trustees to call and demand from the stockholders respectively, all such sums of money by them subscribed, at such time, and in such proportions as they shall deem proper, under pain of forfeiting the shares of the said stockholders, and all previous payments made thereon; if such payments shallnot be made within sixty days after a notice requiring such payment, shall have been published in such newspaper as aforesaid. Powers of the trustees. 6. And be it further enacted, That the trustees of such company, for the time being, shall have power to make and prescribe such by-laws, rules and regulations, as they shall deem proper, respecting the management and disposition of the stock, property and estate of such company, the duties of the officers, artificers and servants, by them to be employed, the election of trustees, and all such matters as appertain to the concerns of the said company, to appoint such, and so many officers, clerks and servants, for carrying on the business of the said company, and with such wages as to them shall seem reasonable: Provided, That such by-laws be not inconsistent with the constitution and laws of this state, or of the United States. Stock deemed personal estate, and how transferable. To what extent stockholders are responsible at the dissolution of the company. Restriction on the application of the funds. 7. And be it further enacted, That the stock of such company shall be deemed personal estate, and be transferable in such manner as shall be prescribed by the laws of the company; and that for all debts which shall be due and owing by the company at the time of its dissolution, the persons then composing such company shall be individually responsible to the extent of their respective shares of stock in the said company, and no further; and that it shall not be lawful for such company to use their funds, or any part thereof, in any banking transaction, or in the purchase of any public stock whatever, or for any other purposes than those specified in such instruments as aforesaid. What to be received as evidence of the incorporation of a Company. 8. And be it further enacted, That the copy of any certificate filed in pursuance of this act, and certified to be a true copy by the secretary of this state, or his deputy, shall, together with this act, be received in all courts and places as legal evidence of the incorporation of such company. An act to amend an act, entitled "An act relative to incorporations for manufacturing purposes." Passed February 25, 1815. Chap. 47, p. 44. 1. Be it enacted by the People of the State of New-York, represented în Senate and Assembly, That from and after the passing of this act, it shall and may be lawful for any five or more persons who shall be desirous of forming a company for the purpose of manufacturing clay or earth, into wares or articles for any use whatsoever, to associate together and form such company according to the directions and restrictions mentioned in the act, entitled "An act relative to incorporations for manufacturing purposes," passed March 22d, 1811; and such company, when formed, and their successors, shall be a body politic and corporate, in fact and in name, with all the privileges, capacities and liabilities in the said act mentioned and contained. An act to continue in force certain acts therein mentioned. Passed March 29, 1816. Chap. 58, p. 58. ́(1. Act continued in force until May, 1817.) Pin manufactories, &c, may be established. 2. And be it further enacted, That from and after the passing of this act, and during the time in which the acts above mentioned shall continue in force, it shall and may be lawful for any five or more persons, who shall be desirous of forming a company for the purpose of manufacturing pins, or for the purpose of manufacturing beer, ale or porter, or for the purpose of extracting lead from ore, to associate together, and form a company according to the directions and under the restrictions mentioned in the act, entitled "An act relative to incorporations for manufacturing purposes;" and such company, when so formed, and their successors, shall be a body politic and corporate, in fact and in name, with all the privileges, capacities and liabilities, in the last aforesaid act mentioned and contained. An act to amend an act, entitled "An act relative to incorporations for manufacturing purposes." Passed April 14, 1817. Chap. 223, p. 265. 1. Be it enacted by the People of the State of New-York, represented in Senate and Assembly, That from and after the passing of this act, it shall and may be lawful for any five or more persons, who shall be desirous of forming a company for the purpose of manufacturing morocco and other leather, to associate together and form such company, according to the direc tions and restrictions mentioned in the act, entitled "An act relative to incorporations for manufacturing purposes," passed March 22d, 1811; and such company, when formed, and their successors, shall be a body politic and corporate, in fact and in name, with all the privileges capacities and liabilities, in said act mentioned and contained: Provided nevertheless, That no company or companies who shall become a body corporate under this act, shall be allowed to locate their establishments in any other counties than Greene and Delaware: And also, That the capital stock of any such company shall ot exceed the sum of sixty thousand dollars: And provided further, 'That it shall be lawful for the legislature, at any time after two years, to dissolve any incorporations which may be formed under this act. An act reviving the act relative to incorporations for manu. facturing purposes. Passed March 31, 1818. Chap. 67, p. 53. 1. Be it enacted by the People of the State of New-York, represented in Senate and Assembly, That the act, entitled "An act relative to incorporations for nanufacturing purposes," passed March twenty-second, in the year one thousand eight hundred and eleven, be and the same is hereby revived and continued in force for the term of five years from the passing of this act. An act in addition to the act, entitled "An act to amend the act relative to incorporations for manufacturing purposes.' Passed April 7, 1819. Chap. 102, p. 119. 1. Be it enacted by the People of the State of New-York, represented in Senate and Assembly, That it shall be lawful for any company who shall become a body corporate under the act, entitled, "An act to amend an act, entitled An act relative to incorporations for manufacturing purposes,' passed April 14th, 1817, to locate their establishment in the county of Oneida, any thing in the proviso to said act to the contrary notwithstanding. An act to revive and continue in force and operation an act entitled "An act relative to incorporations for manufac. turing purposes," passed March the 22d, 1811. Passed January 26, 1821. Chap. 14, p. 9. 1. Be it enacted by the People of the State of New-York, represented in Senate and Assembly, That an act, entitled "An act relative to incorporations for manufacturing purposes," passed on the twenty-second day of March, in the year of our Lord one thousand eight hundred and eleven, be hereby revived and continued in full force and operation, any thing contained in any other law to the contrary notwithstanding. |