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and rate of interest respectively, with the names of the persons to whom such bonds are issued, and the time they become due. The said county treasurer may dispose of said bonds to such persons or corporations, and upon such terms as shall be most advantageous for said county, but for not less than par.

ture of

$2. The money so borrowed shall be expended Expendi under the direction of said board, in paying bonds loan. of the said county that are now outstanding and owing by said county.

33. The said board of supervisors shall cause to Tax. be levied by tax upon the taxable property of said county, and collected and paid annually such sums as may be necessary to pay the interest on said bonds, and to pay such portion of the principal thereof from time to time as the same shall become due, and the said treasurer shall apply the money so collected and paid to him toward the interest and principal of said bonds as they shall become due.

§ 4. This act shall take effect immediately.

Chap. 16.

AN ACT authorizing the Village of Peekskill, to borrow more money and to levy taxes for the payment of the same.

Passed February 1, 1867; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Amount

trustees

may bor

row.

SECTION 1. The board of trustees of the village of Peekskill are hereby authorized, on the faith and credit of said village, to borrow a sum not exceeding the sum of two thousand five hundred dollars, and to execute either bonds or promissory notes therefor, under the corporate seal of said village and the signature of the president and clerk thereof; the bonds or Bonds. promissory notes to be in such form, and the principal and interest made payable at such times and places as may be agreed upon with the lender or lenders, but so that no more than five hundred dollars of the principal shall be payable before the year eighteen

Application of loan..

Interest.

Tax for payment.

hundred and sixty-nine, and one thousand dollars i the year eighteen hundred and seventy, and one thot sand in the year eighteen hundred and seventy-on

$2. The said sum hereby authorized to be borrowe shall be specifically applied and appropriated to th completion of the fire engine house and jail, in sai village, now in process of erection, and to the furnish ing of said jail.

$3. The said sum or any part thereof, may b borrowed by the board of trustees of said village from any person or persons, or banking or saving institution, on the best terms that the same can be obtained, at an interest not exceeding seven per cen per annum, payable yearly or half yearly as may b agreed upon by said trustees, and the lender o lenders from whom said money may be obtained and it shall be, and hereby is made the duty of saic board of trustees, and they are hereby authorized to raise by tax upon the real and personal property of the said village, in the same manner and at the same time that the general taxes of said village are levied and collected in the years eighteen hundred and sixty nine, eighteen hundred and seventy, and eighteer hundred and seventy-one, not to exceed five hundred dollars in the year eighteen hundred and sixty-nine and one thousand dollars annually in each of the other of said years, and also the interest accruing thereon and to pay over the same in discharge of said loar or portions thereof, and the interest thereon.

$4. The board of trustees shall have power to borrow said sum and to raise the same by tax, and to pay over the same in discharge of said loan, without No vote of being thereto specifically authorized by a vote, at any time, of the taxable inhabitants of said village.

taxpayers necessary.

$5. This act shall take effect immediately.

Chap. 17.

AN ACT to authorize the town of Johnstown, in the county of Fulton, to issue town bonds, and loan the same to the Fonda, Johnstown and Gloversville Railroad Company, and to regulate the rate of charges for carrying passengers upon said road.

Passed February 1, 1867; three-fifths being present. The People of the State of New York, represented in &nate and Assembly, do enact as follows:

judge to

commis

SECTION 1. Upon the application of ten freeholdes and residents of the town of Johnstown, in the County of Fulton, made to the county judge of County said county, the said judge is hereby authorized, and appoint it shall be his duty, within ten days after such appli- sioners. eation shall be so made, to appoint three persons, who shall be freeholders and residents of said town, to be ailroad commissioners of said town of Johnstown, and to fill all vacancies that shall occur, from time to time, in the office of such commissioner, by the expiration of the term of office or otherwise, by like appointments. All such appointments shall be in writing, and filed in the office of the clerk of Fulton County. Such commissioners shall hold their office Terms of espectively for five years, and until their successors shall be appointed, and duly qualified by giving Sonrity, as required by this act.

office.

commis

32. Before entering upon the duties of their office, sneh commissioners shall jointly and severally, with two or more sureties, execute to the supervisor of said town, for the benefit of said town, a bond in the Bonds of peual sum equal to twenty per cent of the value of sioners. the taxable property of said town appearing upon the assessment roll of said town for the year eighteen handred and sixty-six, conditioned for the faithful performance of the duties of such office, and for the just and honest application of all bonds issued by them under the provisions of this act, according to the true intent and meaning of its provisions, and

Application of loan..

Interest.

Tax for payment.

hundred and sixty-nine, and one thousand dollars in the year eighteen hundred and seventy, and one thousand in the year eighteen hundred and seventy-one. $ 2. The said sum hereby authorized to be borrowed shall be specifically applied and appropriated to the completion of the fire engine house and jail, in said village, now in process of erection, and to the furnish ing of said jail.

$3. The said sum or any part thereof, may be borrowed by the board of trustees of said village, from any person or persons, or banking or savings institution, on the best terms that the same can be obtained, at an interest not exceeding seven per cent per annum, payable yearly or half yearly as may be agreed upon by said trustees, and the lender or lenders from whom said money may be obtained, and it shall be, and hereby is made the duty of said board of trustees, and they are hereby authorized to raise by tax upon the real and personal property of the said village, in the same manner and at the same time that the general taxes of said village are levied and collected in the years eighteen hundred and sixtynine, eighteen hundred and seventy, and eighteen hundred and seventy-one, not to exceed five hundred dollars in the year eighteen hundred and sixty-nine, and one thousand dollars annually in each of the other of said years, and also the interest accruing thereon, and to pay over the same in discharge of said loan or portions thereof, and the interest thereon.

$4. The board of trustees shall have power to borrow said sum and to raise the same by tax, and to pay over the same in discharge of said loan, without No vote of being thereto specifically authorized by a vote, at any time, of the taxable inhabitants of said village.

taxpayers necessary.

$5. This act shall take effect immediately.

Chap. 17.

AN ACT to authorize the town of Johnstown, in the county of Fulton, to issue town bonds, and loan the same to the Fonda, Johnstown and Gloversville Railroad Company, and to regulate the rate of charges for carrying passengers upon said road.

Passed February 1, 1867; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows:

judge to

commis

SECTION 1. Upon the application of ten freeholders and residents of the town of Johnstown, in the county of Fulton, made to the county judge of County said county, the said judge is hereby authorized, and appoint it shall be his duty, within ten days after such appli- stoners. cation shall be so made, to appoint three persons, who shall be freeholders and residents of said town, to be railroad commissioners of said town of Johnstown, and to fill all vacancies that shall occur, from time to time, in the office of such commissioner, by the expiration of the term of office or otherwise, by like appointments. All such appointments shall be in writing, and filed in the office of the clerk of Fulton eonnty. Such commissioners shall hold their office Terms of respectively for five years, and until their successors shall be appointed, and duly qualified by giving security, as required by this act.

office.

commis

32. Before entering upon the duties of their office, snch commissioners shall jointly and severally, with two or more sureties, execute to the supervisor of said town, for the benefit of said town, a bond in the Bonds of penal sum equal to twenty per cent of the value of sioners. the taxable property of said town appearing upon the assessment roll of said town for the year eighteen hundred and sixty-six, conditioned for the faithful performance of the duties of such office, and for the just and honest application of all bonds issued by them under the provisions of this act, according to the true intent and meaning of its provisions, and

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