CHAP. 283. AN ACT to provide for the expenditures to be made on the new State Hall. [Passed May 13, 1840.] The People of the State of New-York, represented in Senate and Assembly, do enact as follows: §1. The sum of twenty-eight thousand five hundred and eighty-four dollars is hereby appropriated for expenditures to be made upon the new State Hall, to be paid on the warrant of the Comptroller out of any moneys in the treasury not otherwise appropriated. 2. This act shall take effect immediately. CHAP. 284. AN ACT in relation to the New South Dutch Church on Washington Square in the city of New-York. [Passed May 13, 1840.] The People of the State of New-York, represented in Senate and Assembly, do enact as follows : § 1. The corporation known by the name of the New-South Dutch Church on Washington square in New-York, and which by the certificate on file in the clerk's office in the city of NewYork, is known as "The New Reformed Dutch Church on Washington square" is hereby changed; and the said corporation shall hereafter be known by the name of "The Dutch Church on Washington square." § 2. The annual income of the said corporation shall not exceed the nett sum of twelve thousand dollars, after deducting the interest on debts due by said corporation, and the expenses incident to the real and personal estate now owned by the said corporation. ! Corporation created. Objects thereof. By-laws. Real and personal estate. General powers.] CHAP. 285. AN ACT to incorporate the Society of Brotherly Love in the city of New-York. [Passed May 13, 1840.] The People of the State of New-York, represented in Senate and Assembly, do enact as follows: § 1. Edward May, Reuben Roatacker, Isaac Dittenhoeffer, Henry Jones, Marcus Goodstein, Samuel Friedsam, Michael Mailander, Lewis Hyman and Gustavus Bernhard, and such other persons as now are or may hereafter become associated with them, are hereby constituted a body corporate by the name of "The Society of Brotherly Love," in the city of NewYork. § 2. The object of the said society is benevolent, being the relief of its members in poverty and sickness. 3. The corporation shall have power to make by-laws, rules and regulations for the admission of its members and their government, the elections of its officers and their duties, the expulsion of any of its members for not obeying its laws, and for the safe keeping and protection of its property and funds. § 4. The said corporation may receive by gift, devise or bequest, and may purchase and hold real and personal estate; but the annual income of the said real and personal estate, which the said corporation may at any one time hold, shall not exceed five thousand dollars. § 5. The said corporation shall possess the general powers and be subject to the general restrictions and liabilities prescribed in the third Title of the eighteenth Chapter of the first Part of the Revised Statutes, § 6. The legislature may at any time modify or repeal this act. CHAP. 286. AN ACT for the relief of Jeffrey Wisner. [Passed May 13, 1840.] The People of the State of New-York, represented in Senate and Assembly, do enact as follows: 1. The canal appraisers are authorized to appraise, subject to the provisions of law relating to canal appraisements, the damages, if any, sustained by Jeffrey Wisner, by reason of the cutting of a drain from the Chemung canal across village lots and lands owned by said Wisner, in the village of Elmira, in the county of Chemung, § 2. The Treasurer shall pay, on the warrant of the Comptroller, the damages, if any, finally settled under the first section of this act, out of any money in the treasury not otherwise appropriated. CHAP. 287. AN ACT in relation to Mutual Insurance Companies. The People of the State of New-York, represented in Senate and Assembly, do enact as follows: § 1. Any mutual insurance company heretofore incorporated in this state, whose charter limits the amount to be paid down upon premium notes, to a sum not exceeding five per cent, may loan such portion of the said five per cent as may not be immediately wanted for the purposes of said corporation, upon good and ample security by bond or promissory notes. § 2. All bonds and promissory notes heretofore taken by any such mutual insurance company for money loaned, shall be valid, and may be collected by such company. § 3. This act shall take effect immediately, CHAP. 288. AN ACT respecting state stocks, the commissioners of the canal fund, and the canal board. [Passed May 13, 1840.] The People of the State of New-York, represented in Senate and Assembly, do enact as follows: sue and established New-York. § 1. The commissioners of the canal fund are hereby autho- office for isrized to contract, in behalf of the people of this state, with any transfer of bank in the city of New-York, to establish an office in such stock to be bank for the issue and transfer of certificates of any stock au- by a bank in thorized by the laws of this state, for any loans made in its behalf by the Comptroller or the said commissioners, and to allow such compensation as shall be reasonable for conducting the said business. The said commissioners may change or terminate any such contract, and make other like contract with any bank in the city of New-York. 2. The bank with which any such contract shall be made, Responsibllity of such shall be responsible to the people of this state for the faithful bank. and safe conducting the business of the said office, for the fidelity and integrity of the officers and agents of the bank employed in such office, and for all loss or damage which may re stock. sult from any omission to discharge their duties, and for any improper or incorrect discharge of those duties. Transfers of $3. All certificates of stock heretofore or hereafter issued under the authority of this state for any loan made in its behalf, by the Comptroller or the said commissioners, shall be transferrable only at the office so established, according to the regulations which shall be prescribed by the said commissioners, which regulations shall be obligatory on all persons having any interest in such certificates. Certificates issued. 4. Certificates of stock which shall be hereafter issued for of stock how any loan authorized in behalf of the people of this state, shall be prepared, numbered, signed and issued in the manner provided by chapter three hundred and twenty of the laws of eighteen hundred and thirty-one; except that the same may be in any sums not less than one hundred dollars, as the commissioners of the canal fund may direct; but in addition to the signature of the Comptroller, he shall cause such certificate to be sealed with his seal of office, and the same shall be countersigned by the president or cashier of the bank in which such transfer office shall be established, who shall also countersign the memorandum in the margin of the book from which any certificate shall be cut. Regulations transfers. § 5. The commissioners of the canal fund may prescribe such of issues and farther and other regulations as they may deem necessary to guard against the issue or transfer of any stock without authority, and for the keeping and rendering the accounts of the transactions of the transfer office, and for requiring vouchers of all transfers made; and upon the rendering of such accounts and vouchers, to furnish the bank with which such contract shall be made proper evidences thereof; and they, or any one of them, or any person deputed by them for that purpose, may, during the usual hours of business, inspect the books, papers and accounts in the said office. Persons may be de authorize transfer of stock. § 6. Any person, firm or company, or any number of persignated to sons, firms, or companies, holding or intending to hold and own any certificate of stock heretofore or hereafter issued under the authority of this state, may, by an instrument in writing signed by them and duly acknowledged or proved, in the manner required by law to entitle any conveyance of land to be recorded, designate and depute the person or persons who shall execute powers of attorney, authorizing the transfer of any such certificates of stocks, then or thereafter to be held and owned by such person or persons, firm or firms; and may, in like manner, modify or revoke such instrument; and all transfers of such certificates of stock made pursuant to powers of attorney, executed by the person so designated, shall be valid and effectual to pass the interest of all the parties who executed such instrument, in any certificates of stocks of which the said parties shall be or shall thereafter become the legal owners, until such instrument of modification or revocation, duly acknowledged or proved in manner aforesaid, shall be served at the transfer office, established under this act. not revoked withdrawal of one of a § 7. If any such certificate of stock shall be held by any firm Designation or company in hypothecation, pledge or deposite, or in trust for by death or the benefit of others, and the purpose of holding the same shall be expressed in the instrument designating persons to autho- firm. rize the transfer of the said certificates, such instrument shall not be deemed revoked by the death or withdrawal from such firm of any member thereof, so long as such firm or company shall continue to exist. attorney to stock, how §8. Powers of attorney to transfer any certificates of stock, Powers of acknowledged or proved before any officer authorized to take transfer the proof of conveyances of land in this state, in the manner d required to entitle such conveyance to be recorded, or acknowledged by a resident of any foreign country before a public notary of such country, by the party holding such certificate, or his agent, empowered or designated for that purpose, shall authorize the transfer of such stocks subject to the regulations that may be prescribed as herein before provided. § 9. When it shall satisfactorily appear on due proof to the Certificates lost may be commissioners of the canal fund that any certificate of stock renewed. issued for any loan made in behalf of this state, has been lost or casually destroyed, they may authorize the issuing to the lawful owner of such stock a new certificate corresponding in date, numbers and amount with the certificate so lost or destroyed, but expressing on its face that the same is a renewed certifi cate; but no such renewed certificate shall be issued until good security be given to satisfy the lawful claim of any person or persons to the said original certificate, or to any interest therein. The proofs on which such renewed certificates are issued shall be filed with the clerk of the said commissioners, and they shall report annually to the legislature the number and amount of the renewed certificates so issued. certificates in case of § 10. In case of the death of any person in any other state or Towhont foreign country, who at the time of such death was the lawful to be issued owner of any certificate of stock issued for any loan made in death of fobehalf of this state, if it shall appear by the decision of any tri- reign owner bunal of competent jurisdiction in the country of which such person was a resident at the time of his death, that such certificate has been devised to any person or persons, or that any relative of such deceased person has, by the law of such country, succeeded to his right and interest in such certificate, the commissioners of the canal fund may, in their discretion, autho rize the issuing of new certificates of stock to the person or persons so entitled, on the delivery to them of the original certificates, and on security being given, if they shall require the same, to satisfy the lawful claim of any person or persons to the said original certificate or any interest therein. The death Powers of of the grantor of any power of attorney in any other state or revoked by country shall not be deemed a revocation of such power as notice. attorney not death until |