Interest and principal of canal debt of 1846. General fund debt. Interest on loans on enlargement. Sinking fund, &c. General fund. Chap. 62. AN ACT making appropriations for the payment of the principal and interest of the canal debt, commencing on the first day of October, one thousand eight hundred and sixty-seven, and to provide for the payment of the debt contracted under section ten of article seven of the Constitution. Passed March 9, 1867; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The following sums are hereby appropriated out of the canal revenues of the State canals for the fiscal year commencing on the first day of October, eighteen hundred and sixty-seven : To pay the interest and reimburse the principal of the canal debt, as it existed on the first day of June, one thousand eight hundred and forty-six, the sum of one million seven hundred thousand dollars. For payment toward the sinking fund for the extinguishment of the general fund debt, the sum of three hundred and fifty thousand dollars. For payment of the interest on the loans made under the constitution for the enlargement and completion of the canals, the sum of seven hundred and ten thousand dollars, or so much thereof as may be necessary. To constitute a sinking fund for the extinguishment of the principal of the loans made under section three, article seven of the constitution, the sum of four hundred and six thousand two hundred and forty-three dollars; but no investment in such fund shall be made, except from the surplus revenues of the canals received during the year, after paying the interest on the debt contracted under said section three, article seven. To pay the general fund, to pay the necessary expenses of the State, the sum of two hundred thousand dollars. floating $2. The following sums are hereby appropriated Loan for out of the proceeds of any tax to be levied and debt." collected under the provisions of the act, chapter two hundred and seventy-one, of the Laws of eighteen hundred and fifty-nine, to pay the interest and redeem the principal of the loan of two millions five hundred thousand dollars, to provide for the floating debt of the State: loan. To pay the interest on said loan for the fiscal year Interest on commencing on the first day of October next, one hundred and two thousand dollars, or so much thereof as may be necessary, Sinking fund for To provide for the sinking fund, to pay the principal of the said loan, the sum of two hundred and principal. fifty thousand dollars, being for one year's contribution to said fund, as provided for by the said act. Chap. 63. AN ACT to change the time of annual elections of Emmanuel Church, Norwich, Chenango County. Passed March 9, 1867. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The time for the annual election of church wardens and vestrymen of the church known as "The Rector, Church Wardens and Vestrymen of Emmanuel Church in the town of Norwich, Chenango County," is hereby fixed on Monday of the week called Easter week, and such elections shall hereafter be held on such Easter Monday instead of Wednesday in Easter week, as was determined in the certificate of incorporation of said church. § 2. This act shall take effect immediately. Chap. 64. AN ACT distributing certain bounty moneys in the town of Little Valley, county of Cattaraugus. Passed March 9, 1867; three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. The supervisor of the town of Little Valley is hereby authorized and required to pay the sum of eight hundred dollars, and any interest he may have received thereon during the time he has held the same, to individuals in said town, who sub scribed and paid the sum of two thousand fou hundred and eighty-five dollars, during the yea eighteen hundred and sixty-four, to fill the quota of said town, according to the ratio of each subscriber S2. This act shall take effect immediately. Chap. 65. AN ACT to authorize School District number one of the town of Poughkeepsie, in the county o Dutchess, to borrow money for the purpos of completing a school building in said distric and to provide for the payment thereof. Passed March 9, 1867; three-fifths being present. The People of the State of New York, represented i Senate and Assembly, do enact as follows: SECTION 1. The board of education of school di trict number one, of the town of Poughkeepsie, in th county of Dutchess, is hereby authorized to borro for said district a sum not exceeding the sum of fo thousand dollars, and the said board of education hereby authorized to issue bonds, at a rate of intere not to exceed seven per cent per annum, for t amount so borrowed, which bonds when issued, sha be chargeable upon the taxable property in sa district. And the said board of education are furth authorized to execute and deliver a mortgage upon the whole or any part of the property of said school district, to secure the payment of the said bonds. $2. Such bonds and mortgage shall be executed by the members of said board of education, under their hands and seals. $3. The treasurer or officer of the said board who shall receive the proceeds of said bonds, shall be required, before receiving any such moneys, to execute and deliver to said board of education, such bonds as they shall require for the faithful discharge of his duties. § 4. This act shall take effect immediately. Chap. 66. AN ACT for the consolidation of the Buffalo and State Line Railroad Company with the Erie and the North East Railroad Company. Passed March 9, 1867. The People of the State of New York, represented in Senate and Assembly, do enact as follows: SECTION 1. It shall and may be lawful for the Buffalo and State Line railroad company to merge and consolidate its capital stock, franchises and property with the capital stock, franchises and property of the Erie and the North East railroad company in the State of Pennsylvania. $2. Said consolidation shall be made under the conditions, provisions and restrictions, and with the powers hereinafter in this act mentioned and contained, that is to say: ment. 1. The directors of the railroad companies afore- Joint agreesaid may enter into a joint agreement, under the corporate seal of each company, for the consolidation of said companies and railroads, and prescribing the terms and conditions thereof, the mode of carrying the same into effect, the name of the new corporation, the number and names of the directors and other officers thereof, and who shall be the first directors and officers, and their places of residence, Submission of agreement to stockhold. ers, &c. the number of shares of the capital stock, th amount or par value of each share, and the manne of converting the capital stock of each of the sai companies into that of the new corporation, an how and when directors and officers shall be choser with such other details as they shall deem necessar to perfect such new organization and the consolida tion of said companies or railroads. 2. Said agreement shall be submitted to the stock holders of each of the said companies or corporations at a meeting thereof called separately for the purpos of taking the same into consideration; due notice of the time and place of holding such meeting, and th object thereof, shall be given by each company to it stockholders, by written or printed notices addresse to each of the persons in whose names the capita stock of such company stands on the books thereo and delivered to such persons respectively, or sen to them by mail when their post-office address known to the company, at least thirty days befor the time of holding such meeting; and also by general notice published daily for at least fou weeks, in some newspaper printed in the city, tow or county where such company has its principa office or place of business; and at the said meetin of stockholders, the agreement of the said directo shall be considered, and a vote by ballot taken fo the adoption or rejection of the same, each sha entitling the holder thereof to one vote, and sai ballots shall be cast in person or by proxy; and i two-thirds of all the votes of all the stockholde shall be for the adoption of said agreement, the that fact shall be certified thereon by the secretari of the respective companies, under the seal thereof and the agreement so adopted, or a certified cop thereof, shall be filed in the office of the Secreta of State, and shall from thence be deemed and take to be the agreement and act of consolidation of th said two companies; and a copy of the said agre ment and act of consolidation, duly certified by th Secretary of State, under his official seal, shall evidence, in all courts and places, of the existen of said new corporation, and that the foregoing pr |