them, shall be commissioners to receive subscriptions for said capital stock, at such times and such places in the city of New-York, as they shall appoint, by giving ten days' notice thereof in one or more newspapers published in the city of New-York, and if the whole capital stock shall not be subscribed for at the times and places so appointed, other subscriptions may be at any time received, until the whole capi-. tal stock shall have been subscribed under such regulations as the board of directors of the corporation shall adopt. §4. As soon as two hundred thousand dollars shall have Election of been subscribed, the said commissioners shall call a meeting directors, of the stockholders, by giving ten days public notice thereof in one or more newspapers published in the city of NewYork, and said stockholders shall elect by ballot, at such meetings or at any subsequent general meeting, five directors being stockholders and a majority of them citizens of this state, to hold their office for one year, to manage and con duct the affairs, concerns and business of the corporation; each stockholder, at such election, shall be entitled to one vote for each share he shall hold at the time of such election ; and the election shall be made by such of the stockholders as shall attend for that purpose, either in person or by proxy, and the directors of said corporation, except for the first year, shall be annually elected, at such time and place, as shall be directed by the by-laws of said corporation. §5. Any three directors of said corporation shall form a Quorum quorum for the transaction of all the business of the said corporation. stockhold ers. 6. It shall be lawful for the directors of the corporation Calls on to call in and demand from the stockholders, respectively, all such sums of money by them subscribed for, at such times and in such payments, or instalments, as the directors shall deem proper, under the penalty of forfeiting the shares of stock subscribed for, and all previous paynents made thereon, if payment shall not be made by the stockholders within sixty days after personal demand, or notice requiring such payment, shall have been published for six successive weeks in one or more newspapers published in the city of NewYork. of stock. § 7. Said corporation may have and use a common seal, Transfers and the stock of said corporation shall be deemed personal estate, and shall be transferable in such manner as shall be prescribed by its by-laws. §8. The directors of the corporation who, from time to officers time, may de duly elected, may appoint one of their number to be president and such other officers and agents, and establish such by-laws and regulations, as they may think proper and expedient for the government of the corporation, and the management of their business, so that such by-laws Liability. • Do. Certificate and filed. and regulations shall not conflict with, nor, in any manner, violate the constitution or laws of this state or of the United States. $9. The stockholders of the said corporation shall be jointly and severally, individually liable for all the debts that may be due and owing to all their laborers and workmen for services performed for said corporation. 10. The stockholders of said corporation shall be severally, individually liable to the creditors of said corporation, to an amount equal to the amount of stock held by them respectively, for all debts and contracts made by said corporation, until the amount of the capital stock of said corpora tion shall have been paid in, and a certificate thereof shall have been made and recorded as prescribed in the following section. §11. The president and a majority of the directors of the to be made corporation, within thirty days after the payment of the last instalment of the capital stock of the said corporation, shall make a certificate stating the amount of the capital stock of the corporation, and that the same is paid in, which certificate shall be signed and sworn to by a majority of the directors, and they shall within the said thirty days, record the same in the office of the clerk of the city and county of NewYork. Provision relative to debts. Names to § 12. But no stockholder shall be personally liable for the payment of any debt contracted by the said corporation, which is not to be paid within one year from the time the debt is contracted, nor unless a suit for the collection of such debt shall be brought against said corporation within one year after the debt shall become due; and no suit shall be brought against any stockholder in said corporation for any debt so contracted, unless the same shall be commenced within two years from the time he shall have ceased to be a stockholder in said corporation, nor until an execution against the corporation shall have been returned unsatisfied in whole or in part. 13. It shall be the duty of the said corporation to cause be entered a book to be kept by the treasurer or clerk thereof, containing the names of all persons who are or shall within two years have been stockholders in said corporation, and showing their places of residence, the number of shares of stock held by them respectively, and the time when they respectively became the owners of such shares; which book shall, at all reasonable times, be open for the inspection of the creditors and stockholders of the said corporation, at the office or principal place of business of said corporation. General powers. 14. The said corporation shall possess the general powers and privileges, and be subject to the general restrictions and liabilities prescribed in the third title, of the eighteenth chap ter, of the first part of the Revised Statutes, and by the several acts amendatory thereof. § 15. The legislature may at any time alter or repeal this act. § 16. This act shall take effect immediately. CHAP. 294. AN ACT to amend the act for the better regulation of the county and state prisons of the state. Passed April 12, 1848, "by a two-third vote." The People of the State of New-York, represented in Senate and Assembly, do enact us follows: §1. Section ninety-six of the act for the better regulation of the county and state prisons of the state, and consolidating and amending the existing laws in relation thereto, passed December 14, 1847, is amended so as to read as follows: insane con 96. Whenever the warden, physician or chaplain of a Provision state prison, shall duly report to any of the inspectors of respec state prisons, that any convict confined therein is so far in- viets. sane as to render him dangerous, or an improper subject of prison discipline, it shall be the duty of such inspector fully to investigate the case, and take the testimony of at least two physicians, and of such other witness as the said inspector may deem proper as to the fact of insanity, and if such inspector shall after such investigation be satisfied that such convi t is so far insane as to be an improper subject of prison discipline, he may make an order for his removal to and confinement in the state lunatic asylum, and it shall thereupon be the duty of the warden to remove such convict to the said asylum, and the officer having charge of such asylum, shall receive snch convict and retain him at the expense of the state, so long as he shall continue insane, or until the superintendent of, the asylum shall certify and report to the warden of the prison, that the convict so sent to the asylum is not insane, or that such convict has so far recovered, that he is in the opinion of the superintendent of the said asylum not dangerous, and not an improper subject of prison discipline. § 2. The ninety-ninth section of the aforesaid act is hereby repealed, and the following substituted therefor: to be sent lum. §99. When any convict sent to the state lunatic asylum Insane con under and by virtue of the provisions of this act, shall have victs when remained in the asylum until the term of his sentence has from asyexpired, the managers of said asylum may cause such insane convict to be removed at the expense of the state from the asylum to the county of which he is a resident, to be placed under the care and charge of the superintendents of the poor heard and of such county, in case the superintendent of the asylum shall certify that such insane convict will not be benefited by longer remaining in the asylum, and that he can probably be made comfortable in the county poor house. The managers of said asylum shall be authorised to give at the expense of the state, to any patient sent to the asylum under the provisions of this act, and who shall after the expiration of the term of his sentence, be discharged from the asylum recovered, such sum not exceeding ten dollars, as will defray his necessary traveling expenses from the asylum to the county in which he last resided. §3. This act shall take effect immediately. CHAP. 295. AN ACT for the relief of Joseph G. Case. Claim to be § 1. The canal board are hereby authorised and required determined to hear and determine the claim of Joseph G. Case, for an extra allowance for work done on section number six of the Dansville side cut of the Genesee Valley canal, in the same manner as if the said claim had been presented to the board within the time limited, and to award him such sum as shall be just and equitable. Money when paid. Corporat'n ereated. General powers. §2. Any award to the said Case by virtue of this act shall be paid by the commissioners of the canal fund, out of any moneys appropriated to the payment of damages on the Genesee Valley canal. § 3. This act shall take effect immediately. CHAP. 296. AN ACT to incorporate the Liberty Normal Institute. The People of the State of New-York, represented in Senate and Assembly, do enact as follows: § 1. John D. Watkins, of the town of Liberty, in the county of Sullivan, is hereby declared and constituted a corporation with succession, by his executors or trustees, to be duly appointed by his last will and testament, by the name and style of the Liberty Normal Institute, in Liberty aforesaid, for the purpose of establishing, maintaining and conducting a seminary of education. § 2. The corporation hereby created, shall possess the powers and be subject to the provisions contained in the fourth article, of the first title, of the fifteenth chapter, and the third title, of the eighteenth chapter, of the first part of the Revised Statutes, so far as the same are applicable, and so far as is consistent with the present constitution. §3. The said corporation shall be entitled to its share of Literature the literature fund, or the income thereof, whenever it shall fund. have complied with the fiscal and other requisite conditions which would authorise the regents of the university to incorporate a select school, and shall enjoy such share so long as it shall in all respects, and at all times, comply with such conditions. clause. § 4. Nothing herein contained, shall be construed to ex- Saving empt the said John D. Watkins, and such executors or trustees, from legal liability for contracts to be made by him or them concerning the said institution, but he or they shall be legally liable for the debts of said corporation to the same extent and in the same manner as if they had acted in their individual capacity; but the real estate actually belonging to the said institution, and devoted to, and used by the same, to the amount of five thousand dollars, and the personal estate belonging to the same, and devoted to, and used exclusively thereby, to an amount not exceeding five thousand dollars, shall stand on the same ground as to taxation, as if it belonged to any ordinary academical incorporation. § 5. This act shall take effect immediately. CHAP. 297. AN ACT to enable the supervisors of the city and county of New-York to raise money by tax. Passed April 12, 1848, "three-fifths being present." The People of the State of New-York, represented in Senate and Assembly, do enact as follows: be raised 1. The board of supervisors of the city of New-York is Money to hereby empowered, as soon as conveniently may be after the by tax passage of this act, to order and cause to be raised by tax on the estates real and personal of the freeholders and inhabitants of and situated within the said city and county, and to be collected according to law, a sum not exceeding one million two hundred and fifty-two thousand one hundred and $1,252,150. fifty dollars, to be applied towards defraying the various contingent expenses legally chargeable to the said city and county, and such expenses as the mayor, aldermen and commonalty of the city of New-York, may in any manner sustain or be put to by law; such portion of the contingent expenses of the said city and county of New-York as relates to re-paving, repairing and cleaning streets, in that part of the city lying |