\,mkt ntmcfM
tWkl FOTTCtS •
tF»Af> IfOTIfM
V^Wt or NEW VORK—By Auth«rHr
rHAi' .-.7»
All A'.'T to »m#r»<1 lb« tmnklng law. !• relnflon fo Tooervet on hnnd IVcnmo n law M.-«v 21 1117 with fh«
•prn-ovnl of fhe Governor PnnaaA. thri^-
flfth* belnir pi f nant
Tho rvnpm r,f thP fif ptl* of New YoTft,
^•rr»«*nto') In R«nnte and Aiwemhlv, dn
^tMut nn tollowd; H^ tion 1 Tbe pnr.-Mrrnph defining m-
•«rv««( on hniid of weir tion thre* ot 'hitp'ef
«br«e hundred nnd siixt.\-nlna of the lnw« of nln>fo»n hundred nnil fourteen, entitled
*'An nrt in relnll'in to tinnklnft forpora- <l(in^, and Ifidlvi'liiuls, partnornhip*, iinln- ^orpordtfd n.'Jif i< l.-itiotis nrid eorimraliont ttnder f!o» aupei vi.<iion of t'le banldnx ile¬ partment. connfltiillnK rhaiitor two of tim onuolldnlcd laws," lit horeby amended to
TO-i'l nn follow?
ftfa^rves l% hnnd. The term, "resereet «n hand." wben u.'-ed In lhl« ehapter, mrn-is tl»e rmtarves (nf-iin; t drpoMlts kept In tl,> vnjil of any Ini^vidiijil or eorporiitloii or <1pt'"Kltod with n federni resorvn hink, puriiiiant to ttio provlBlotis of this rhiifl'-r I I fiortloiis (ini; nimdred nnd tT.rln «knil onft liundrod nnd riiiiely•.¦wveri of mii 1 ctiafi'or are honby riniendt^d fo read, re- •pjf tively. na fnlliiw«i -'
5 11,.'. Ite.si rves nffninnt deposits. Kvory tj ink F^linll miiliitnlii tritnl lOHerveR asiilii t ItN acKroKHte demand deiKinita, as rm- Jown:
1 KlRhteen per eentiim of anch depo iti If Kneh bniik h;ia an otTlee in a h iroiiuli ttavinK a popiiliitioii of two niili uih or over, nnd nt lenst twelve per ei-ntiini of «U';li detioislln ubiill be m.ittifiliied ns re- •«rvea (in hnnd. except aa otherwiae pm vided In tllla seetion
2. Kftcen p, r eiMitiim of Sueli depoHlfs. It 1 aueh biitili I.J lo( ated In a borouKh hnvliii,' o popiil.ili'iii of one million or over lUil leas than Iwo millionf<. nnd h.-ia not mi ofTleo In rt buroiiKii .-iki Illed In !<iili(llvl.si(iii one of this Bceiioii, (ind at lc.a.'<l ten per <rnfijm of y , h ilep'islt.ii almll he mnln¬ tnlned nn reserves mi tmnd.
3 Twelve per (eiitiim of aneh deposita If •ueh blink Ib loiale-d elsewhere In the aitale, und nt least fuur p'f eeiitiiin nf (audi (leposlt.-i shall be ninlnlaliieil as re- aierves mi limid. I
Any part of Ihe re.iervea on hand In «Xi i K< of tour per eeritiiiii of .¦iiich depoMp i mny be de.nnsiteir siibjeet to eiill. with n fe.Ier.il rpserve I'latik In the dlUrii'l In v^liii-h audi iMiik Is Idciitod nnd the re- •orves on liiiiiil Imt bo ilopnslted cliall ,'i)ii ».-1:it of nelll Kuhl liiillioii, Kold eiilii, ¦L'nllril Siati,s 1^,1.1 certineates, t'nlled Stii'i's iicii.-i or tiiiy foriii of eiiireiicy nu thorlzi-el by the Inws of tli(5 l;iill.d Sliiles. |
Tf any nan', tOiill lie ve beidiiie a iiieiii-; l>or ilf II f"ilei,il yi-lervf! bunk, 11 iii'v. TTi.iIiilalii aa i'().'<(*'^eH on depo.--,it with sm li feiJeral icserve Imik ,«!U( li pittiriii of ill totJil reM rvea ns slmll l<c i tiiuireil of iiii'iii-, txjm of such fe'liiiii re.-,'i\e bunk; mnl If imefi iKink haa an ofllco In a borough Imv- tiiK (I poiuiliillijii dl' I'.vo Inillloii.-i or n\ or. i tfie renialnilei iif ILk tolnl reservp.s shall bo < arncil hm re cKcs on liand. ;
If any lunl; uluill full to rniiliitain Ita -tctJil re.-Jcrvo-! In the iniiiin' r iivilhni'i/.cil liv , tlilM aoet|(iii, it slmll bfi linble to. mul slinll jjii y tlie aK.iessTneiit or ixs.se.-istndiils pro-i videil fnr in soctlun thirty of thbi ehaptor. |
iJ 1117. Uesoives iijiiiln.'it (loposit.s. Mverv trust comiiany ahull,,, rnaintain total re-! i«erves iij:aIiiHt (i,|,'nreg-ale deiiiind deposit-i. ! iltl fiiilfUVs. '
1. I'"iriieii |ier centum of sncb ilciinslls if, «urli tniiit eoriipniiy lia.i (in olliee In a l"ir- OUjill hrivini; II pniil.itiiiii ef ^VfO niilliona <ir uver; and ut least f ofTTffr'^iitiiiii nl'i xueb deposits shall he maintained as re- serve.M on hand. |
•2. Thirteen per centum of mieh deposils. , If Hueli tiiiHt eompany Ih Inealed III u Imr- <iupli linviii),' a popiilatioti of une inllli'Ui or <ivi:r and I.-.'js thnn two tiiiliiotis. mid liiis not an (il'ii o in ii lioroii^';li spoeilloil In sub- ^ dlvl.'iliiii (iiiH of this seetion; and at lo ,st elKlit per i iitiitn of Fiieti deposits shall he ; i-niiintiiiiied ns reservcM on liaud
3. Ten per eeiiliini of sm h dciioslts, If ^ fiucli triii-t eonipimy I.s loeated elsewlu^rn ^ In tho st If. Tiiet c<imiiiiil"s lei uted 111 oltlea ot tlie llrxt and .second « In s.s but nut i fnlllnir within siilnUvisi uls one or two iit this -so'tion. slmll niaiiitnlii at least four por eeiitiiin of sueh ileriosits as reserves . on hand; and trust CDmiiaiiicH lO'-ated In olttOH of Ihe third cln.ss and In iiieor- ! porated and uniiHorpniated vill Kes, hIihH '. mairitiiiii at le:ist three per eeilTum of puch doposi's a.s roservea oli Imiid
Any pan of tho rcnerve.s on hand In ex- ; oesiM Ilf three per centiiin of ai'h deposits m.'iy be deiiositid, subjc'-t to eall, with the , feOoral reserve bank in the dlstri't in tvliiidi .sii'h trust conipuny Is loeiitcd nii'l j <lie roserves on band not so deposited ahall <;on.sisl of Kold. frold liiitlinn. pol.l coin. I TTnited Slates K'll'l eeitilieates, rni'.el ! St.itea notes nr nny form of eiineiiey nn- i K.orized by the laws of tho I'liitod Plalcs ¦
ir i"iv trust ennipJiny shall have be'iuiiu n iiie.nliej' of ii rcderal reserve bank, it ; '• tey, niiij'ifain ns reser\-o.s on deposit with ench Ii"|eriil icserve li.^riU Hneh p.orlioii of It.s tot.'il reserves as si,nil be re.iiiiicil nf , liieriiber.s nf 8iicli fedcr,!! reserve bank. '
If any trn-t eompany ."hall fail lo iiialii- tniii lis total reserves lu th • niiiiiiur nu- tlioili-id' by th.is scetlnn. It sh '11 bo liable • to, and nlmli |i;iy the :tss«»!«ni-nl or ns- scssineiits iiroviiliil for in Keelimi lliiityif thH chapter
t .1 This net slmll take ofTecl iin-ii.''lialciv, .Stale of New Voii.. (i<\iin of 111" .-Sc te
tnrv nf Pint. ss.
1 teivp eiiMin.in'il the preeeillim \v|lli tbo ^•rllTinnl l»W en li'e in tlii'i otflee, mu! ib> hei-fhy cerlif\ Ihnt Hie .¦^^aino i- n,correct transi'rlpt tlii'iC'ioin miii of Iho wlioU' et f'liM orlKinnl law
FU.WiMs M. iircio.
Seeieii-.rv nf Slate
LAWS OF NEW YORK —By Authority. '
rii.M' r,"i
>N ACT to ii'iirmi Hie I'linliiiii; law. In
rtdiiti.ni to powers ol' iiiiosfment eoiii
pimi'.s ,
Be Mine .n l.-iw May 21, t'Mt. with the ciipr,i\al of the (Jnvernor l'a-i--e,l. tllice lift lis beiiu; prc-oiVI
Til) I'O'O.le (if the .Itnt. nf N'ew V'lrl., repr.iseoted in P.'iiale and .\.i.senilil> do tnai t lis fnllows:
Seetion^ I Section two himdri-d h'I'1 liltioty-tliree of chaiiter three Iriiidred imd I iilxty llino of the laiv.-i of iiln.'tocn ln'o ^ Orcil llllll fonrleen eiilitlo'l ".>ii eet in f lation to binkinif eorpointioiis. an.l iin'i ^llul.lls, partiior.-ldps ii;iliienri>orat''il i'.-- Foel.itloiiK anl mcp oatioi's iiinlei tbesii j)«rvi-<ion of the biiiiklnir fl. p.nloirnt end »itltiitiiiK eliiiii:,r two of the eeiiso!i.l led laws " Is hc'oliv anioiide.l l.y iilillnir tlierolo liiini. ili'U'iv- eUer siiliill>isiiin one thfinnif a now Kulidlvision to be lumwii as <iim H and to ie:|,| as fiilbiWS
l-n Til av'Ci'pt llills "f oxilianiAo oi' Jrafts drawn upon It payuble on demand «r on time nm oMoediiiK one yo'ir from the ilite of i'n'clHaii.e. to Issiu letters of oreitit authoriziiit? the lio'ilcis thereof to <ira\v dnift* iipnn it at kIkIiI or on lime not exeeft'liniT one yo,ir frmn the d.ite of any smh letter of credit; to .H.-ieount I IPs of exolianBe. drafts, notes, ueeeptanoea or other etioses In aeilou
I 2. Subdivision une of sev'tioii Iwo linn- Atrtxl and iiinoty-f'Uir of 'mieh chapter In fieri-by umended to road as follows',
1. Rxorclse the jiowers conferred by •ubiliviaion oiie-a of Moetion two luiinlred 4»nu ninety-throe of thin ehapter, iiiilcas It stiull have 11 ijaid up eupilal utock of at leic^t two miilkui dollars; exercise the powert, eonfoiTed by both siibdii lalniis ¦ne-a und 4hree of Heotltiii two hundied ¦Hd nliiet>-throe of thla ehapter, or ex- «rclH4t tlia powers conforreil hy liotli auh- dlvititona throe uiul four or by both aub- dlvtMloiia oiie-a and fgitr of seetion two hundreil and ninety-threo of this article
I S. Tllla aet ahall take efTect Imniediately fltate of New Y'ork. Oi.lce uf the Secretary
of Stitte. an.
I hiiVe euinparod the preceding with tha orlvliuil luw on nit ht ttita offlce, and do bitroby certify that the witiie la a correct traoacrlpt therefrom and o? tha whol* uf ttta original law
FRANCIS U HUOO.
Socr«t«ry of StaU
LAWS OF NEW YORK—Sy Authority.
(HAF* 49!
AN Af:T to amen.I I hei e^maervallon law.
In relatKin fo the tralnindt of doRa.
tiemmm a law Mny 1.".. 1917, with tha ap¬ proval of the Oovernor f'aaaed, three- fif'ha bolnf preaent
The I'e'.ple of the Stiite of New Tork, r^priaonied 'n Senate and Aaaembly, do eiiAi I aa fill) i:
Bectlon 1. Cl, iptcr ntx hundred and for¬ ty.aeven of the laws of nineteen hundred itnd eleven, enlltled "An aef relaflnif to conxervatlon of land, forest", waters, fiarks, hydrniilii pow<^ flsh and (tarne, < onat'tiilinK chapter alxty-flve of the con- aolidated laws, ' Is hereby flmended by In- i««rtiii»t therein nfter .aretlon one hundred and ninety three a new sectlnn. to he section one hundred ami ninety-threO-(i, to rend aa followa
I i:i;t !i Dors mny b« trained. The bwn- er of any duly lb enspfl dog fnay diirlnp the month of Heptembop in each yi-ar tniio the ¦none iiMeld for the- p'lipoae of triiln- I'lX .^Sld doR, provided that aneh owner plinll carry no flronrmnii .ind that no Injiay lie Infll' ted upon any 'jiiadriipods or gaino lilrils. innlrnry lo law; and further pi'o- vldrd Ihat the g'lld owner slinll have first obtained frorn the comrr.i.««lon ft permit ao to do
The word "owner ' n.s uttail In this aec¬ tion sh.ill Include a trainer wlm harbors or keetis a«doR for thn purpose of trHlniiiK the same
{ :;. Tina aet ahall lako effeet itnni<illalely. Htate of New York, UfTice of the Rccrelnry
of (tlllte, ss:
I have eornpared the precedinR with the orlRlnnl law on file In this offlee. and do -tieirby i rrl if v Ihat tho same la a correct ^nins'tipt therefrom and of the whole of snid oriRlnal law
FRANi "la M moo.
Secretary nf Stnte
LAWS OF NEW YORK—By Authority.
CHAI*. t'.i'2. AN A('T tp amend th«- eonservatinii law.
In rilailon to posfhiK notices In private
parks
Hecamo a law May 15, 1917, with the ap¬ proval of the (iiiveni'ir. Passed, (liree- flftlip heliiR presonl.
The People of Ihe State of New Vork, repiesented It) Senate and Assembly, do oiiael iiv, fnllous:
Hoftlon 1 .'^(xtlon three hundred nud flxty-oiie of (hiipter six hundreil ami for- t.v-seven of the iaw.s of siineleen hundr "I (iifd eleven, enlltlei| "An net rolaliiiK ti «'o;iverv,'itii'ii nf land, forests, wnters, p.irk.i, liyilraiilie P'lV.' r, llsh and name, co/istltiitiim: cliapler sixty-llve of the emi- f^oliditel laws " ns add^il by chapter tli'i' luindied and ei(;lileeii of the laws of i'1i»«- t on hiHiilreil mill twelve (ind ameielel Iv elmplers five liundred and rlslit ir 1 fiiven liiiuilieil mid fort.v-slx of the Inv.s of nlneteeii li'iml cl mul thirteen. Is loi c- b.V aineinlr'l to read as follows
5 :iill. Kntiees III priv.'ite parks. Nnli'ci or slBnlinards imt les.s than one f""i (¦'Iiiiire wnriiiiif,' all persons aniilnst hi'l- ill)? or llsliiiis or tre.'ipriii.sInK tl 'enn f"" lliiet purpose, shall be foiisplcm dy pit- C'l and milntaincd* nn ;i private park nil more than forty rods npart cKi e lo ami filoii^: the entiro linuiidnry then if, orccii thnt In priv ite parks containing se>'"i liiindreil acresVjr moro the piiStiiiK nf sucli notieoH once in lliree yjjars will he s ;f- fh-ient proviilcl tliat defriccd or ile.'ilrii.M I KiKiis 111! repliceil mice h year diirihir llie inonlh of Sept'iiihcr, aiid there shaii be so pldceil at lei^ ,t iiiio iiotico or ,siKnliiinr,l on each aid" aii'l one at eiicli corner ot su, 'i pork and where an outer hoiiinlary runs aloriK or umler any witters, the nenrcst pliore or hanks within the par'ri slmll be flecniod Ihe liuiimlnry for the puniose of IHiidPif? ,siich niitlce.s or- siKnboanls ll .shall also be considered duo serilci' of notice for trespass upnn any person or fioraons. by serving thorn pi^nsonally In tho name of the owner or owners of smh lirivate park with a written notiie cui- tainiiiK a liriof description of the preni¬ ises. warniiiR all persons aRainst buntlni; or ll.shlni? or trespiia.sinp tlu'reon
8 •.'. This act Hliall lake oflV. t l'iiini'di;i!,!v, .Stnte nf New York, Oirice of the Socretiirv
of State, ss:
1 have coiiijiared the preci'diim with the original law on lile in thiH ofllee, and do her by cerlify Hint the .'siitiie i.s a em reel truiiscript .tliererrom and of the whole of ¦aid ori;;iiial law.
FRAN'fl.S M. lU'Od.
.Se,Tet,ir> nf Slale.
LAWS OF NEW YORK—By Authority.
I'ilA'l' I'.ll.. ¦ A.N' ACT to aiiiend the t i-'s: inw, in rclalion
to IllinB and deliverv of a.ssessineiil-
ri.ll
Became a law Mav l.'i, I'.MT. with the np- pri.ival of tho (invcruor. I'lssed. threo- !Ul hs bcliif,' present.
The reoplo of till' Stnte nf Now ,\ork. ropreseiite'l in Scliate and .\s-onil'l.\. do ennct as follows:
Seetion I. Secli'iii thirtv-nine ot Ci.inter Bixly -two of Iho laws nf iii'ieleci liuniired an'l nine, eniitleil "An net In relation to t,i.x;.itl'in. C'liistiuiiili;; chaiiler siMy nf thi eoiisnlidateil law."," as luiioiid'd li.\' cliap¬ ler tliree huiulred and H\ enty-tliri c of tin; laws of iiiiii'toen Inindreil iiiiil t'l'i.\I^l¦Il, i.i hei nhv iliii«in,lcd tn read (IS t'lllnus:
5 iiy. I'Min.L; nf roll met ii'iliee ih.^ro'if. In lilies tho usscssinent-r.ill wiifii lliii.s luuiiiy cmniilolcii ami \' iilied , sliall li.i liletl .Hi or b,.turo Si'iui'iiilier lirst. In tlia otfice of tile ell.v' clerk, ther."' tn renmin for lineeii (lay,s for public ui.speclinn. The assessors Wuill I'orlawilU cans., a nolue tn lie posted iiiiiispicunu.sl j' iu at legist three public places in tiie tax ilisliict and lt> be published in one ur nine ni.w.spn'." I'l-rs. if ,iiiy, pubiished in the cit.i', |l>at such iiMses.-incii!-roll has been lliially cniii- plelcd mul statins Ihlit it li.i.s been so liled ,iiii| will li(» iijieii to public kiMiei lion. At Il.c 'I'.xplralinii of sycli tif tei ii d.iys, the clly clerk Bhall Udlver kucIi r'lll to u sti- per\ is,ir of the lax ilisiriet eiiibriucd them ill. In towns, whon I lie ^ss, .Jsiiieiii- roll .Mhall hivo been thus finally completed ami veiUiod, llie as,sies.s"rs tsli,ill m.iKe two copies thereof, one of wliich shall lie re- tiiiiioil by them for the u.se nf i leiiis'lviia mid their successors in oilice, mid tiio other of whlcli, duly cert ilieil li\ the sai,l a.^:-H-s«iii'a to be a copy of Miiil asscssiueiil- r>ll sh ill, on or before tJie llfteciith Jay ef Sept 'llher, be liled In the ottice o!' tho tow 11 cl''rk 111 roMiain for publi.- I'lspoctioii until lielivyred by llie town clerk in the BJI'crviaor oi' Ihe town uh liereinaftcr prc- vlileil. The assessurs shnll f u'tliw itii c'use 11 ic'lico In be postial c icspicuniisly In .,it lea.st ihr'-e puhltc I'lncos in the tnx dlsirict arid lo be piiblLshed in one or more iio'.vs- paii"is, If any, publislied in the lown, tliat auoh iisssossinent-riiU has been thinlly ooiii- pleted and statiim' thai liuc'i c< rliflod copy has been ko liled, Tho «tid orit.-lual as- Be.ssiiienl-riili shall on or liefnre, the lust dav of Octnher bo delivered by the as- ae.i-ynra to n supervijinr of the tix district embraced therolii and aald certilied copy of the H.ssesament-i'oll on tile in the town clerk'.s ellbe, us hoictofme iirnvlded shall on the tlrat day of December he dellvorej by the town clerk lo u superviuor of the tHK ili.strict cnihraced therein. Notwlth- HtaiiiJint.' the pru\ iifliins nf (liks iieclinn. the board of auperviama of tiny county may require an adlltional iiiiiiibi^r of copies of the itaMoasmeiit-rolls of the towna of auch cuuntv 111 be made, and Hi'eclfy by whom ¦uch ndditionai cupieti shall bo mude. Ihe date when the cei^llled copy of iho town aatiosHinent-roll shall be tiled in the ufllce of tbe town clerk, and the date when the la'ttrinal usaesainent-roll ahull b«. delivered to the Hiiiu^viaor uf the town
I 2 This uct ahall take effect Immedlatoly State of New York, OfHce of the Secre¬ tary of State, HSI
I havo cumpareil the pre<'edln|[ with the oricinal law on lila l» this oflice, and (to hereby certify that tha aume la a correot transcript th<>refrum uud uf tho whole of aald original law
FRANCIS M HL'OO,
Secretary of State.
LAWS OF WEW YORK—By Authority.
CITAP. or? Att ACT to amend th#^ t.iit law. In ie;a tion to penalty for fnlliire to file atiite ment In riferenre to advancea on trust mortRaRei, • t
Reramc a law May 1!>, 1917. Willi lliei approval of tho Oovernor. Paas*d, three flftha hetnf pieaent
The People of the State of New York. reproaented In Bennte and Aaaembly, do enact aa follows:
Section 1. Pflctlon tttn hundred and fl'- ty-nlne of chnpter ^Ixfy-two of the l.Twa of nlnet.>en hundred nnd nine. entltle'I "An net In relntion fo taxation, ronstllnt- IniT chapier al^ty of the ronsolldnicl I.Twa." a.a amended hv chnpter four liun¬ dred and twelve of thn tnitt of nlneb en hundred and nine, chapter alx hun Ire,I Rnd aixty-flve ot tbs Inws nf nineteen hundred and thirteen and chapter thren hundrerl nnd twinty-three of the Inns if nineteen hundred nnd sixteen. It hereh.i amended to re.'id ns folHTwa:
f !:.*'9, Trust tnorfRaKea. In fhe ruse of TnortRapea mnde by corporations In Irn t to ac'ure payinenl of tioiida or ohl'it.illons l."?aiied or to he lsaue<t therenfler If Iiie total amount of prlncl[inl liidebteil'iess whhh iindor any contlnfrency mny be ad- vaneed or ice#ue nr whirh may beminB aecured by any sue|i mrtrfRaRe which ,H ¦ulijeet to this arllclo lins not been ad¬ vanced or accrued thereon or be< ome se¬ cured thereby before B'k h morlRane Is tc- oordol. It ninv contain at the end thereof a Btntenient of the nmminf which at the time of the execution nnd delivery thereof li.Ts been ndvnnced or accrued tin 'eon, or ¦wlilcli I.s then secured by such rtierlg'iTe. thereupon the tnx paynble on the niiid- Iriff of (he inorlRiiKe shnll be computed n-i the basin of the (imoiiiit bo stated to l.-.ivv been so ndinnced or Hccriied llurenn o:' which Is Ftated to be Herured tlierel'\ Ruch st-itenieiit slinll thereafter nf a'' timea bo bliuIinR upon and concliisl," apralnst thp mortpaRco. the holders of (in bonds or obllcalinns Beciired by sn '. mort^T.iRO and all persona claimlnR tlinui.-'i the inortRn^ee any interest in the mnrl gaueor In the rnorteaRpd premise' Wiimi ot/er o further nmount I.s to be jidviiu, cl tinder the oiigliial inortgaK^e, or slmll n ¦ rnie thereon or become secured thin 1.', the Cnrporntlon niaklnff siii h mnrln 'i ¦ Bhall pay tlio tnx on piich nmount at o' before the time when Fuch amount l-* m bo ndvnnced, iiccruea or bei oines rt."'':i-f ! ana ahall, nt the time of pn.\lns such Ihn file in the ofTlce of the recfydliiK nV.'-' tvhere surh rnnrtirairo lins been or I," l\ :' re' orded and villi the tu.x cunmlssinii r Btatemcnt, lerllld by tho peerelary, tic ¦- urer or other propi'r niTlcer, of snid cv- porntlnn of the ainniinf of prlnclp'l ii- delitpilncrs to he so advanced. ii(''riil' - or tiecomlni; seciircd, and the cerlili ii' "i nf nny b.ind or I'.mds by the trust in . l- ITMKoe sh.ill be deemed on advance iii"!i" this nrticle .=5iich inblit ional tax s'm'.l X paid In tlie re,'oi-iliii(,j nfllcir wliere s ' i inorti^afre h,ns been er Is llrst reco.rded injl', a rceclpt therefor shall lie emlnrsi,! ii'o-i ftie Tnerirmre mid piiyment therefor s!,i '' be nntpd ill the mar;iin cf tlie roconl i,i such niorti^niTO nnd it rei|iiesled a iliij'' - c.Tte receipt for such p.-iymint shall i' • be piv( n to till) party pa.vhiR such l.'s and the Hole of such payment or ml i tional inyment or such receipt shall 1m\. ttie .same fnne ami effect ns tiio rei, of rci-eipt of the lax which uniler t article H pnjablp nt or before the leiin ' lii.ET of the morlu'riffe. If such ndiii;i"ii:', lax is not paid ns rcM'iired by this sc tion, the trust iiiortKaKeo .shall not ceMi-'. nn.v bond or i'tli,,r olilipritinii issiicl eii accinint thereof The corporation mi'kiii,' such mort':a:Te nr the ownerof the lU'ii erty which seciros Ihe inortfjaKei debt sh ii; annually within thirty days after /,Ii ' first, nnd unti! It shail nppear b.i su h Rtatement that the maxiniiiin amount ,,; principal iiidcliledncss 5t«cured by smh 'mortftafrc has been lulsnnced. has accrued or become secured and the tux tlun»nn pild. Illo In the ofilce of the tax cnmiiiis slot! and the reconlinK ofHcer where su, h mo''tRajte hns been or Is first ricoflc I i: ttntotnent. \'erineil by the -secretary, tic: ^ erer or other proper oflicer of said corj" raticn, shnWlni;:
1. The name of the mortpagor mid th ¦ UiOrtRnRpe:
S. The da'te of the mortgape and ilr- county where first recorded;
8. The maximum pmount of prliicipii debt or oblli;atio:i which under any c.i tliiKcncy muv be seiired by such iru'il gmsc
4, The amoiinl ndvaiiee'l on such mmt- Rnpe durinR the yenr eridiiifr Juno t'l'i- tleth prei edinir, A'lth the date and nnioinH «f eneh .'l'l'. ancenent:
5. In tie.case .-"f ;, mortpape ro'ot'lcl prior to .Inly first, nineteen hiindii-l i" I .six, thejllrstjinnual statement tiled uml tliis il»ction us hereby amended, s' stato the tnlnl amount advanced prior I'l July first, nlneteeii hundied and six-. I'l ' thc! date tiTol tlio mnnnnt of each so! •,¦• q'lent adviiiu'enent lo ttie end nf tin p rio'l cnvereil by the statcmect
A failure to file nny ftntemoiit rciiii'cl bl- this soctlnn wlliiin the .specifu-'l tl-ic clmll M'h.lect the corpnnition or oiler r-i B'ln rciuired to file such st,ntenie:'t t" f. pen.-ilty of not- !«!¦(:' thnn one dnllar oi- more than one hundred dollars for e ch one thnusniiiL dnllars of the niaxl'iin-i nmount of prinrhi.il Indel tedtiess whicli' ' cr under any co,ritiiip'erii'y may bci c Pci'ir^ed b\' the morlRiiKe. which i e.i;,: ¦. In the uKHreunte shall nut exceed the s" : ot I've thousmid dnllars. rei over lil,- 1 'tho iUti)riie.v-(.'oiiorai ia an aeti,in tue' • ' ¦ In the immo of the people of the stine i ' New rnrl:.
S I' 'i'iii.s act shall take effect inm ' . ,ili lv. _,
.St.ite of New York, f*fmH^''ff Ihe !¦¦• ¦
tiiry of Stnte. ss: 0
1 hnvo ( nuiiuired the firei idii"-' wiili ;''i or!.t?lnal law on file In tliis ofllco, am! ¦ licrcbv ciitify thu tlie same is a i' :, ' trn'tscrlpt theiefmm and of the wK-de < t-iiid oriKinal law
FllANCIS M Iirori
Secrete ly ef St '•,
LAWS OF NEW YORK—By Authority
CHAI' r."l A.\" 4\CT to nniend the peiiiil law. In rdi
tion to fernisliinK tobacco lu nny of '¦'
t'irnna to children
11.'•atiie a Inw Mnv 18. I'.MT wil'i lli' approval of the fiovernor. I'assed. tlu'e fiflhs lieinff p_reseiit.
Tbe I'O'ip'e'of the Stale of New Ymk reiirc»e"ted iu Semite and Aasemblv, ¦' fMiict lis fnllows
Se< tinn 1. Siilidivisinn five .of sctiim foir liiiiiilred and elKlity-foiir of the p r< law ist hereby amended to rend iia folluv. .-
r.. Fells, pays for ur furnishes any i iir i clsaiftte or tohnuco In any of its form i nny i hiid actually or apparently under tn UKe tit eiRlitei'U venrs; or,
I 2. This act shnll tnke effect Septemb.'. first, ninet'cn liiuulred anil seve.iteeii. State of New Y'ork, Oflice of the So re-
tar,v of Slate, ss:
1 ll ive eomparod the iireoedinK witlr t' ¦ ori'.;^irial law on tile In thiis^ofllee. ami.i' hereby certify that the untne la a corrV transcript therefrom and of the whoe n< sitid oriKhial law
FR.\NC1S M Ill'OO,
Secietary of Sliil"
LAWS OF NEW YORK—By Authority
CHAP f.7i ]
JLN ACT to amend the tuvKi law, In rein
tion to tlrea ,
Betame a law May 21 1917. with the approval of the Oovernor Paaaed. three fifths beinK preaotit
The Peopie of the State of New York I reprcaeiited In Senate and ABvembiy. d,, i enact as followH: ^ '
8«K-tioii 1 Section ihree hundred lui'l thlrtei'ii of chapter alxly-three of the Ihn, s : of nineteen hundred and nine, entitled ".Vn act relating to towna. conntltutlnK chapte' •ivty-livo ot the conaolidataHl laws" a> ! ameriiSed by chapter four hundred and eljfht ot tbe lawa of nlneteon hundr«<l and ten and chapter twu hundred and thIrty-elKht of tba lawa of nineteen hmi dred und twelve, and aa further amonded by chapter two hundred and twonty-sll ol \
LRGAL N0Tf€K8
' tiki law* et nin«te«n Tiundred and ninteen
in hereby amended to re.id on follows: ' I 313. Appropriation^ for flre company. The elecfdra of any abater n<.«trlcf, hlRh¬ way dislrlct. town fire dletrict or water Kiipply di,«trlct In which any town flrn rompany ahall have their headqinirferi, at * /apeeinl meetinR lawfully called by tiie town clerk, who le hernhy atifhorlzeil to call ¦Huch special mePtinR. may vole. li>« hnllot a turn nt m-mey. not exi eedlnx four thousand dollara. except fh'it In an.v Ftirh dlstrirt In a town within a conntv having more than three hundred thou¬ aand Inhabitants accordlnR to the la ,<t Hfnte censii*. and adjoinlnR a city of llie first class, such sum ahnll not exceed ten thousand dollars, for the purchase of a flre engine and apparatus for the ex- thiKuiciiment nf flies, and f ir the pu:- chiise (y lease or nthir ncf|u|sitlon of suit¬ able liuildlnRs nnd prounds for keepinK and BtorliiR pmh flre enRine and appn- raliie for the extttifrulvhrnent of fires, and fit her property of said water distriet, hipli- way distri, t or water siiiiply district, and nn ad'lltlon.il sum for the mnlntennnce .•ind oppratliin of the cni;lep«. uppnrutiia nnd hullillnirs of said Ilro company or eom- jiaule? witbin such dist ri't for the ensiilnR year. Anil whenever anld rier tors shall BO vote sain money for the punhase of a lire eneine and nppn rains for the ex- t Iniariilsliment of llres. nud for the pur- cnn-e or lease or nther aci|iilsitlon of auitable bulIdl'iRs and Bronnls for kceplnu nnd storliiR such flre eiiRiri" and np- pnrafus for the extliiKolsliment of fires. nnd other property of said water ilistrlct I hlRhway distiict, town flre dislrid or I Wnter supply district, the wnter coinmls- , siciuers Itl waler districts and the town boards In hlRMway ntul water supply dis¬ tricts or town fire illetricts where no board of town flre eomirtlssioners has been es- t.ilillshed, Illld the bo.nrds nf town Ilro commlsslnnera In town Ore dist.-ids may contract for und piirch.nse for such dls- l trlcl ft Rood and sulTlcierit flre engine nnd iipliaratiis fer the extiripuishinent if Hres. and mav confiiict for and purchase or lease nr otlierwWe ne(mlre fnr surh dis¬ trict aiiltahlc buildlnRM niui ifroiinds for ' keepiOR nnd KloiiiiR such flre engine niel aiipiira'us f,ir Ihe cxtlnKiilsliiiie it if flrea. nnd other pro|Verty of ,-.•'!;; liiatrlct nt a prhe not to exceed tha sum so Voteil therefor, which entitle nnd npparatus for tlie extliiKulsliinent of riies, end bididl'i'M (ind (Tfoun Is, shall be tie properly ef • . ..I ¦ w/iter district. hiRhway rli'tret, town liie district or water supplv Oistri't. but nr'. he used nnd cared fnr l>.^ sm Ii flro ( ii- priny nr cnmpanlen uridiT he illrretion nml oiitrnl of the wiitci' coniniissloners in water dl-trlcis mul tlie tnwn biard i" highway and water auprily ilstrlrts and 1 -. town flre districts where no Pnard of tow i flre comniiisloners has liceti esKil'lisln'i all of which I'oaids shall In suh eases i, ¦ .spent ivety have such powers niel dm ies i lire herein,r In tlil.s article provided f ,¦ llt>anls nf tn'.vii lire comnii'-siniiers, 8 2 S'uh chnpter Is herein ampiidc'l h "iniiertiiiK tlicnln two new s, ct^ons, to iie seclion tliree.Jiiinilre'l .'ind lliiiteen-a mil Section throe hundred nnd thirtien-h, to read, i espoi'l'vely. ns follnws
S nn-a. In nny such lii'itii't niithori/e,! to mise more than f'Hir fln'isand dnllm- u.s In the last i^ectinn pmvide'l, If th ; amount so I'lied sli.all exeerj In amount , oiic-l'nurlh of one per ^cntein of the n - Kl'OKiite assi ssed valiiiiti"ii of the re:i! property witiiin such llislrict. ns slun'. i , by the last precedinR town as: essin- i i roll, and request so to tlo Is made of l''i' , toii\'ri ho.ird-ti'y the RovernltiK commhsslnn j or board, of such district, it shnll be,the I duty of such town board to raise tie' , ninotint of monev so voted bv the Issue j nml .sale of bomls. Ruch b-iids shall le . siiTiied by the supervisor ami ntteslpd lo | tl%j town ehrk. and nhall be paid In flic '¦ ciitial annual Instnllmeri'ts. tlie first of vvhiili shnll become due not more than efehteen months frnm their date. Smli bonds shnll hear such rate ef iuterest mc exfeediiur six I'cr centum per nni.uni. nnl be In such form as the town board nf su'ii , town ma.v approve nnd sh.'ill be sold at jiuh- ' lic Hllle by the supervisir ot such town fr not I0.SS (ban their jiar value. Such bomls . shall be loiisecutivciv numbered from ecu 1 to the hiclic-'t numher issued, and the '¦ town clerk shnll keep a recud of the num¬ ber of eaeh bond. Us dale, nniount, rate of ' Interest, when and where payable and lie | purcliaser thereof, or the person to wlimn i tliey are Issued, Such lionds shall be 11 [ charrre upon the town and llie nmiiiiiir~-i necessary tn paV finid bonds and the in¬ terest tliercon aa the ,';a me becomes due .stinll be collected from tlie property wilh¬ in ."^iicli district. '¦
i Sl.l-h. In nny town in which bonds me Issued as In the last set iou provided Hn- tnwn liiinrd shall aniiuall.\ traniiiit astiili- nient of the nmount due for fhe payment , of said bonds nnd Interest to the lioar.l 1' ' supervisors of tlie counl\'. Such board of , supervisors shnll levy such sums apainst Ihe liroperty liable, and the amount of such Ui\€^s shnll he extended iitMilnst such proii¬ ertv- in a seiinrnte column of the aniv nl tax in!l of such town. Such taxes wlicii collected siiall bo paid to the superi isor and bv him npiilied In iiaj,-ment of such , bonds niiil liileic.-t. 5 3 This a,'I shall tnl-.e effect Iminedi-
(itC'l-. .
.Si'te t,t New Yotk. Ofti.n- nf the Si-rre- tnrv nf State, ss-
1 l;;ive compmo.l tho pre' ('11111(7 with the original law en file in I'lis oflice. and i'n hereliy certify llml the snme is a cnirci 1 frnn script thepfrom ami of the Wliole of i«,il,l oripinal inw
l''f{,VNi'lS .M. HI-I'11 Se' relnrv nt' S'nte
LAWS OF NEW YORK — By Authority.
CllAl', ¦'.¦- .r N Ai"l" to mnend the cunty law, lu re-
l.'lt Ton In linliiiity of counties for di'fcc.
tl\c hiKhwa.^s, hrlilprcs, roads andiiil-
v, Its
lleiaiiic a law Mny l'l. 1!<17 villh t):6 nppriiNiii of t!ie < biyernor I'assed. three- fifths lieiiiK present.
The I'enple of the Stnt.- of N.w VoiK repse,'--eiileil In Senate mid Assembh do ennct ns fnllnws:
Sec'tinn 1 Chnpter sIxtVen of thelnws of riiieteeii liundre.l and nine, entitled -.I'l I'd in relation to counties, (niastitmim.' ehm.ter elt-ven of the i nnsolldatel laws' Is iKTcliy amended be adding' nt the end nf nrSicle two a new section, to be soclion sl.v, to rend aa rnlbuvs:
; (i. c,.i'iit,\ liable for Injuries c,ius<"l hv defe -tive hvcrhviays and brldK. s. ^\•ll 1 by l:<w, a county has charKP of the vcp'ir or Ilia intenance of a rOad, hlKhwa\ liiiibe or cii'.vert Ihe county r^lifill be liiib'e f"r lu.lurii s to pi rson or property sustained In copse,iiiei'ce nf such road. lilKhwnw Iceb'" or culvert beiiiK defective, out of repiir. unsafe, dau^-'erotm or obstructed exist iiir because of the net,'ll»;ence of the cmnf. Its officert,. aueiits or Kiirvnnls. A 1 i i! mtlon may he mnlntalned aBaln.-t •: . countv to recovef riumopea for any s ¦ 1 Iniury; but the county nhall not be li :1'e In Such action unless a written claim fir such damiiK' s. voritled by tlie oath nf I'o (lalmanl. loiiuining a alatenient of f'o place of residence with rensonal.U- cer¬ tainty, and descrlbiiiR the time when t'i,, particular place where and the e!rcu:n- hlnnces under which the liijiirieb were scs- talneVI. the cause thereof and. so fnr us then practidible the nature end exte'^t tliereof, shall wilhin three months after the happenins of the accldtiit or injury or Ihe 01 ciirrenctt of the act. umlaslon. fault or iieubet out of which or on account of which tlic claim arose be aerved upon the couuty clerk ior chairman of the board of HUiKTvlaors No action tthall be com- menccd iifon auch clalnn until the expira¬ tion nf three montha after the aervUe of HUih notb'e.
I 3 This act ahall take effect Inimodlataly. Ktate of New York, Office of the Secre¬ tary of Btate. 81;
I haive compared the preceding wltb tha original law on flIa In tblu ofnce, and do hereby certify that the aaoie ie a correct Iranacrlpt therefrom and »f tho whole of a«1d orlKM"! I"*
FRANCIB M HUOO, Secretary of Stata.
I.KtAT, ^OTIf'M
LAWS OF NEW rO^K—tfy Autharitr.
CHAP iwn ^
AN ACT to amend fhe stop* C(»poratl'iT law, Irt relation to the franchise tax e 1 (wrporailons hivlnR nharea of capttnl atocK without nominftl nr par value Became a hie May 15. 1917, with the ap¬ proval of the '.uvernor. Passed, threi— fifths iielnR prenent
The Pe<iple of the fttate of New Tork. fepresented in Senate and Assembly, rt'» enact as follows; y
Section 1 Section twenty-one of rhnpter Blltfy-one of the laws of nineteen hundre,! and nine, entitled "An ntt relatlnR to stocli corporations, constltntlnR chapier fifty- nine of the ronsolijiated laws," as addc I hy chapter three hundred nnd flfty-one ef the lawa of nineteen imtulred nnd twelve. Is hereby amended to read ns follows:
I ;i Taxallon The erRanlznllon 'at rayable under aection one hundred anl ^IgbtK of the t,ix Inwr by nny corporatioii Issuing such share?* without d'SlRiiab I monelnry value shall be at Ihe rate of flv* rents on each sycli sbnre which the cm- porollon Is nuthonzed to Issue, and a llkf tax upon nny siibseipient licrcns" thereol. The tax piiynble under section two hun¬ dred and seventy of the tax Inw In ri- spect of nny sale or nRreenienl et sale of airy memorandum of sale or delivery cf Irnnsfers of shares or cerilflcates of an? shnre without deslRiiatcd monetary valiifl hereafter Issued b.v nny such corporntioil l.siSulnR such sharea Bhnll be at the rale-ot two cents for eai h and every shnre ef such atofit so transferred. The franclilsA tax upon nny corpmatlon IssiilnR Biicli shares of stock pnyatde under section otei hundred and eighty-two of tlu,' tax law ehall be determined liy taklnR aa a bniei such portion of the net assets of the cor¬ poration as Its Rross assets employed In any business wilhin this state bear ti llfl entire Rross assets w herever employeil ii liiislneas. and Ihe rate of such frnnclilsfl tax shall be fixed In the manner provlde.l In said section one Imndred and el»;hl\- IWn of the tnx law. por this purpose tun rate of dlvlilciiils shnll be computed by dlvldhiR the total amount of dividends which has bei n paid diiriliR the year by the amount of tlie m-t ns.seis of the cor- lioralioii upon the Ilist dny of such year
} 2. This act sliall take effect IniiuediaU'iy Btate of New York. Ofilce oT the Secnta-y Ilf Stnte, Ps:
1 have compared the preceding with Ihe pricinal law on tile In this nllicc, and di liereby cerlify that tlie same Is 11 coiic i iratiseript the cfrom nnd of the whole of aald orir;inal law
FRAN*'I.S M. Ill'l',11,
Secrciary nt Slat.',
LAWS OF NEW YORK—By Authority.
ciiAr. fiOi;.
A.N ACT to nniend clmiMnr li.ni hiimlMd and live of the law.- of iiiuclccn liiiiiur'd Illld sevenlecn, out illed ".\n'ni;l to p.n- viile for as.'Hiriiit; an ade |iiatc fo d s i|>- ply and for pioniotiiin the productinn thcrenf, and niikiiiK an apprnpriation tlieicfi'i-."
Ueeiiiiio H Inw Mny 1(>, iai7, wilh the ap- approval of the Oovernor. I'nssed, tliree- lil'lhs beiliK present, ^
The People of the Stale nf .\cw Vork, represented in Senate and .\ssoniiily. iln ennct as fnllnws:
Section 1. Section three of chapter two huniired and (Ivo of the laws nf ninelci 11 hundred .ind seventeen Is hereby amended to read as follows:
9 3, The sum of five liundrod thousand floUars ($5i'<i,(»i0), or so much thoreof as tniiy be necessary. Is liereby approprialed out of any moneys in the state treasury not otherwise apiiropriated, lo carry out the provisions of this act. Sucli imuie.v ¦" uliall bo piijd 111 the commission or to ila order by tlie state treasurer from time t ¦ time on tho warrant of the cuinptrollei. upon requisition HiRnecl liy the eliairinaii of such eommissiou and Ihe i^nveriior.
Tho comi'trnllcr is berebv- authorized and directed tn advance to s.aid commisslnn for use In inakiiiR piircha.ses for .sale ami distribution, as provided in section two hereof, such inim of inoney ns said com- mission may require and rcriuost, not ti exceed one-fifth of the aniount a|ipro|irl- ated herein. The s.ild coinmhsslon la here¬ by authorized to use such money in luak- liiK such purchases and to use the money received from sales of Koods sn purchased in iii.ikiiiR furtiier purchases of tlie kind provided in .section two fnr resale, but Bucli purchases shall he approved by the comptmHer Tbe provisions of section thirty-seven-of the tlnatice l.iw reiiuiriiiif the paynient of moiievH Into the state troasiicj- on or before the fifth dny nf emh iiiontU shall not apply tu iiinney received by the commission from the sales of goods purchased aa prov ided herein
On or before Septeiiib(>r llrst and He ectnher thiity-tirsi, e.ach year, until t'ne close of the prcieiit war, the coinmission sliall make a verified re|>ort to tho coinp- tr(>IlMT»f the disbursniiients nmde by i^lo such ojite,' The coinmisaiun shnll exwrrt" at the close of such-wnr or nt such curlier time Oft the le'.^isl;itur^ .Bhall deternilne
5 2. This net shnll Hike en'ect liiiuiclint'ly. Sti.te of New York flfTlce nf the Secri^- tary nf Stnto. ss:
1 have comimieil the iireciiliuf; wilh tbo original law on lile In this otllce, ami di hereby eerllfv thnt the same Is n coric't transcript th(,refrom and of the whnle of said orhrinnl law
FiiANrrs M. iiroci.
Secretary nf Stale.
LAWS OF NEW YORK—By Authority.
I'ii.M'. i,l'l. AX Al^T to nniend the insurance law. 111 relation to u sinmlard iirovisioii In poli¬ cies issued under subdivision three of sfctloii sevenly of such law. Became a law May 17. I!d7, with the approval of the Governor. Pas.sed, three- flfl h.s beiiiK present.
The i'eoplo of the State of New Vork, represented in Senate and Assembly, do enact na follows:
Si'ction 1 Artlele two of chapter tliii- ty-three of tin laws of nineteen hiindril aud nine, eniiiled "An act In relation 10 Insurance cnrpnratlons. consiltutinR cliap¬ ter twenty-eiKhl of the cimsolldated laws. " Is hereby amended by aiUllnu nt the uul thereof a new section to be S' dion oni' hundred and nine, tn read as follows
{ 109 Standard prnvislonK fnr polici'« issueil under t|ie provisions of suhdl'.lsion tliree of section seventy, liii and after tliu first day of January, iiliietiHn liuudrcj and elfc'hteen, no policy of Insuramfl iiRiiinst loss or ilnmaRe resiiltiiiR from ac¬ cident to or ln|u|y suffend b,\ an eai- ployee or other person and for'which the person Inaured is liable, or, aKiiiist iiisn or damage to property caused by horscS or l)y any vehicle drawn, prnpi lied or oi'- erated by any motive powd aud for which loss nr daniaRe the person insured Is liubltv shnll be Issued or delivered ti) any person In this state by in».v. corporii¬ tlon authorized under aulidlvlslon three of section ¦evenly of this eliupter, or, If a foreign corporation, authorize^l to do busI- ' ness 111 thla state, unless there shall ba 1 contained within such iKjllcy a provlBi'iii that the,i««olveney or baiikrui>tcy of the |>eriM>n Insured Hindi nnt release the insur¬ ance carrier from the pjiyment of dam- agoM for Injury suatalned of ln»« occasion¬ ed during the life of audi fiolicy, and stal¬ ing that In caae of such Intfolveiicy or bankruptcy, an action mny be m,ilntalnej by the Injuriil person aKalnst auch cor- poriatlon Uhder the terms of the policy for an aiiuuunt nut exceedinis the amount u( the policy
I ?. TMa act shall take effect immediatelv Btate of Now Tork, Ofllc-e of the Secre¬ tary of Bta^e, (s:
I havo conapared the preceding with the original law on flic In this office, und do heraby certify that the aaiin* la a correci tranacrlpt therefrom and of tha whole ut OoU oricinal law,
KRANCI8 M- HUOO
Becr«9tary of fltate. I
lf.(ikh 1fOTTCǤ
tmAi, ?ioTirES
LAWS OF NEW YORK—By Autharfty.
CHAP. «}
AN ACT ta amaivi t ,e hirnwa' iai» la relation tn fhe cor .trui-f jn e imr yvv*- ment of hithways oy co inty and f /l»t> Hecame g law May IS, 1»17, wifh the
app'toval of the Oovernor Passed, thraa-
flfths being preaent The t'eople of the Btate of New Tor*.
represented In {Senate and Assembly, 4o
enact as follows:
f*>cllon i Sei lion three hundred and twenty of chnpter thirty of tie laws of nineteen hundrtKl nnd nine, enlilled An act relatiiiR to hlRhwais, lonstltiititiR chapter twenty-flve of the lonsolidated laws," n« nmeiKlfd by (hapter live hun¬ dred ahd thirty-four, laws of nineteen hundred nnd twelve, and chapter one hun¬ dred nnd ninet.i ciRiit, laws of nineteen hundred and foiirleeii. la hereby amended to reail na follows
I .121 Cnnstruclion or Improvement of hiRhways by county aiel town. The lioard of supervisors of a cnrnty may provldp for the construction or iinprovement of u highway or section thereof in one or more fnwns of the connty or of a hlRhway htid out alntiR tlie l^iindari line betwreii a city or vllhiKP and a tuwu or towna, at tliA Joint expense of the county and town, aa provided in this smt ion The board may, by resnlutinn, dhei 1 the disl. Id or eounty superintendent to ^j-xarrflue such hlRhway or sections thereof, ntul report thereon, and If the bonrd considers such hiirh- w.iy or secllon thereof, to be of suflldeiit Impnrtnnie tu be constructed or Impmvoil ns provided herein. It shall direct smh district or county sinieiinlendent to pre¬ pare or cause to be prepared maps, plana. hpeelf1catlot»a mid estimates therefor an,I puih dletrict or county superintendent sliall. subject to the direction and control of the board uf supervisors, have the same flowers and diitie!^ with resped fo simh hlRhway or secfinn tlierenf ns are nhen the division enniiieer with respect to state and counly luRliwa.vB In section one hun¬ ilred and twenty-live of this (lia|iter. Such maps, plnns nnd Rpecllications iiiiiy provide for the chutiKP in Rruile nf a hlRliwny alrend.y existing If tlierein a lessened ftriidlent msi.v be obtained ivllhoiit (lecroaslnf^the llPcfiilnesg of the lilRliwa.v. I pon the completion of such iireliminai .\ map.s. plans, spedllcntions mid crtlmntcs they shall be siihinittcd to Ihe honrd of BUperv isnrs for aiiprnval. and .such bcufd niiiv thereupon nib ipt a resolution jiro- viiliiiR for the enlist riictlnn rrr linprovo- nieiit of such lilnhwa.v In ncconlance with Rucli maps, plans, siieclflcnlinns and estl- mntps or In aecordaiice with such maps. Tilaiis. speclflciitions and estimates ns may be npprnvcd by it. Tho board of supcrviHora (¦•hail award contract.s for the cmialnictlnn nr Imprnvement of such hiKhway find tiie pidvisloiis nf section one humlred mid tiiirty of thia chapier shall apply su f^ir on rnny hp fo such contriicts nnd the awai'il. exei'iitlon and fulllllmcnl tlieieof. Such board of any town in which such lili,'h- iva,\- or section theeecf Is locnled nnii the prnvislonu of Kectlon one hundred and tlllrt.^¦-one of this chapter shall apply thereto so far as may he. The board of supervisors shall deieriiiiue the porllnn of the cost of the cniistnictlon or iniproveineiit of .such hlRhway to be b'lrne by the county ami the porllou to lie borne by the town or towns In which .sncli highway is located Tho cost of the por¬ tion constructed or i:iiiirn\'eil within the boiiiidariea of a clly sliall le borne hy the cuunty. Tho amount In be homp hy t'lO fOUPty shall bo levied nud collected as a. county cha rpe nnd jiaid Into the county treasury. Tho<»4mi"i'it bi be borne hy the town or towns lu which the hij.diwa.v is located shall be levied and (iillecled a.s a town charge and when ctiilcdcd shall bo raid iuto the count.v treasury. If such hlRhway or section thereof deviate from the line of a liiRhwa.v already existing, the boa r'l of supervisors shall acipilre land for the rei|iiislte rinlit of wuy. nnd such board may nlso acfiuife lands for the p'lr- pose of oblalnliiR gravel, stone or other material, when reriuired for the construc¬ tion or improvpmeiit of fui h hlRhway or .•section thereof, or for spoil banks, to- jiether with a rlRht of way to such spoil banks and to any lied. pit. (piarry or other place where such Ri.ivel. stoiie or other material mny be Incated. nnd tho provisions of sections one hundred and forty-oisht to one luindnd nnd tlft.v-nve. liOtli inclusive, shall npply to the aci|ulsl- , tion of such lands as far as may^be. ex- ¦ cept that fhe cost of such lands and tho expens,ifc^incidcnt to acfiuirhiR the snme shall be doomed a part of the cost of fho constnntion or Improvement of such hi-.-li- wa.v under the provli^iona nf this section. If the constrndlon or Imiircvenient of : .'-¦uch hlRhway Involve Ihe elimination of | a prmle cinssinR the porti'in of the cost i;f . such (lirainmion and the construction of a new i-nssiiiR chllr)-'eiilile tn the town lu ' pursiiniic ,f law slmll be deemed a part of the cnst of the CDnstriidinn or improve- i niciit of such hitrhwav under the prov|- i <;ion's nf this section. The nniount so paid | i-.y thejown shall tint be cnnsWercd lu dn- '< lornilniu).r the niitiiniutii aniount to he lo\-i'"l and collected in eai'h year for the < r'piir nud Imiuoi-cnu'iit nf lil.i;hw,iys n.9 I.ri,\i.le,i In sedinii niiiely-fuiir of this 1 iiiii'icr nur shiill such .¦immint be .consld- ( ••( 1 in detei'ni'iiin.-- the nniniint to be paid by t':e stale to the t'lwn fnr I he rcimlr n nd i'niu'ivcnient of liiehwayH therein. Tho bmnd of tiupeTvlsoes may by re.sohitinii . authorize the coiiiit.c trensiiror of the ci.iiiuty or fhe supervisors of tho respecti'.'e to'viis to borrow iiiouey on tho fnith nnd , crelit of Ihe county or of such towns by , ti-'iipiinuy lonn in finticltinfion of the next sl ii'-ocdlniir tax levy or of an issue of Imrul.s before snch levy, cr by the Issue (ml sale of boiVds, to pay the portion of the cost of auch const rur tion or improve. 'ment to be borne 1 o,-pectively by the inijuty or siicU town or towius Such reso- b'ti'in mav also provi,le for tho Issue and Mile of such bonds und hliiill cnnform so far as may he with Ttie ptovlsimis of thla iliaiiter relating to n re'iolurnn uullmriZ'- Intr a town to borrow iiioiiey to pny ita sliare of the cost of foustrudion or Im- j Iirovenient of a comity hiirhwav. The con¬ struction or improveinctit authori'rci by • s i< h resolution shall be done under t*ie supervision nnd direction of the distrlci vir "oiiiitv superintendent. I'n.v ments there¬ for shall be maile from time to time bv llu; counti treasurer upon the ecrtitic'ite of tVie district or ((iiinty sii|ieilnteiideiit iiuliirs"d I'V the chairinun of the board of supervisors
Such highways when foiapUled and ac- eepted by the board of svpervl.sors shall bo thereafter repui'el nml maintained by Ihc towns ahereiii nn h I iRhwaya are lo¬ cated iu the samu riianier aa all other town hlRhways; exceiit there shall .bo ii(ise,l uiinually hv the county and In- tho ' town a l:\\ of not le^is thun one himdred dollars per milo for (nch mile of IiIkIiwhis improved iu a town uialer the provlsiona of this section. The anKnint thereof to be borne by the coiiiit,\' or liy the town shall lie aiipoedoneil hv the board of super¬ visors. The portion to be borne by the county shall he levied and collected in the same maniiei ns other county taxes and i-hiill be p.iid Into the county treusui >. The resolut' ui provliling for the colhs'tiriii of Sliall tuMS shall also Indicate the lin-iount whil ll shull be paid to each town nml a certilied copy thereof shall be Hied with Ihe county treaaurer. The amount thereof tn be borny by the town ahull, by retiuliitlon of the tuwn iKiiiid, be paid from any funds In aud. town thHt may lie Utal- ly usad for highway purposes.
I Z I'his act ahall tuke elTMt Immadt- at«ly
Otate of New York, Ofltco of the Beor^ tary of State, aa:
i bave comparM the preceding with tho orlKlnal luw on file in thla office, and do hereby certlf) that the aaiQO la a («rr«ct tranacrlpt therofroia and of Ute wlwl* ol aaid orlBlual law. ..^
FBANCIB M. HPOO. * Sacretarv of State
LAWS CF NEW YOHK->^y Atf«h«rity.
CTIAP rod AN A f'T to amend the Innurr.nce law. In relfttlon to foreign mutual flre Inmiraitce companiea
Became a law May 11. 1!»17. with tlia aiiproval of the c.overnoP Paaaed. three- iffths being prcscni.
The I'edple of the State of New Tork, represented In Senate and Aaaembly, do ennct ns follow a:
Pedlon 1. Section one hundred and forty- nine of rhrpler thirty-three of the laa-a of nineteen hiindntd and nine, entitled "1,0 ad In relation to Insurance corporn¬ iions, cnnstituting rhapter twenty-eight ' of the consolidated laws. " as added by chapter two hundred and elghty-alx of the Inws of nlneieen hundred and nine and as amend(w1 by chapter mie hundred and sixty one of the Inws of nineteen hundred and eleven and ctinpter seven hundred nnd slxfy-flve of the laws of nineteen hundred and eleven, la hereby nmcmled to tend ns follows:
II H9. Aiiihoi Izatlon of foreign mittttilJ flre Insurance corpnraflons. Kvery mutuin flro lusiirance company or associnflon In¬ corporated under the lawa ot any other •^stnle of the liilfed Plates mny be per- milted tn do huiiiriess In this slate by the superintendent of Insurance on llllnR with him tlie following
(ill A rerlllled imp.v of Its articles of In- oorpoiation or assoclallon and of Ita by¬ laws.
(Ill A consent, duly exeruted, appointing the superintendent of Insurance to be the true and lawful attorney for such com¬ puny or Hs,'»oclatlon In nnd for this state, upon whum all legiil process In any action or. procecdIiiK agnlnst the company or ass.ii lation may be served with the aama effed as If It w.ia a domeslic compnny or iissodntlon. Service upon such attorney shall thereafter be ^eemed service upon the comiiany or aaaoi Iatlon
(c) An agreement that It will pay tha taxes provided for In section one hundred ami forti -nine-a of this chnpter. and that It will furnlsli nn.l- further I'lformntion aa to Its llniinclal condition afl the suiierln- lemlent of liiHiirnnce shall reipilro
(dl And each aueh company shall pny to the siiperintciideiit cf Insiirance •%it* fees reuuireil bv section six of this chnpter. Proviilcd, tlmt no audi certificate of' authority shnll be graiitei^ unless such enmpnn> slmi; (a 1 have nt'^least flvo mil- linn dollars of insurance In force In not le.ss Ihan two hundred separnio risks: nnd (bl shnll hnve tratisadcl a lire Insuranca business lu Its imnie state for at le.ist ten .vears; and tci shall have hnd insur¬ nnce lu force in at least the nmount of foe millleii dollars hi each of the five! >-enrs Ininiedmlely precediiiR Ks appllcn- ti"iii for niliuission to do business In this state: and (d; shall havo and maintain a reserve fund eniial In the total uneiii'ticd premiumB on th" policies lu force calcu¬ lated on the Kros» sum without nUy de¬ duct inn on nny account charged to policy¬ holders on each respecllve risk fi'om tli* (late of the Issue of the policy, except tlmt nny coni|iaiiy which coliectg in n,d- vufu'P a deposit piremlum as a Rii.arantco fot''the iiayment of future assesaineiita shall have and mnlutaiii a fund cipial to the Wliole amopnt nf such deposits imld on account of all pnllctea then In force on which such deposits nre collected, in Ueu of any luieartied premium resereve there¬ on: and (el In mldition to maintaining euch fuud or fuiids, aliall (1) eilher. Ueei* on deposit for the benellt of nil its poliey- liolilers with the superintendent of insur¬ nnce of this stnte or with the auditor, coinptrollor ov general fiscnl i fTlccr nf tho state under the laws of whkh It Is In- eor)iornted. the aum of Iwo hundred Ihcii.sand dollars, or (21 shall have a pur- plus of not les.s than flfly thousand dol¬ lars and lontinpent assets. In the form of obliRatlons of policyholders to pay such amount when lawfully assesseil therefor, of not lesa thnn threo hundred thousnnd dollars, or (3) a surplus of not less than seventy-five thousand dollara with such contingent assets of not leas than one hundred and fifty thousand dnl¬ lars or (I) In the case of a compnn.v wlinse BurpluB is In excess of seveiity-tlve thousand dollars, a surplds eiiual to Its total liabllitios and such contingent as¬ sets of not less than one hundred thou¬ sand dollars; provided, further, that no such company shall ho exposed lo loss to an amount exceeding ten per centum of it,<» actual net and contingent assets upon prnperty not protected by automatic sprinklerK.*ltuated within the boundaries of one dty block or on ' one group of buildings composed of attached or adja¬ cent liuIldlnBR which have less than slxt.v feet nf clear space nt all points betwei^n such biiildiiiRs and other buililliiRs; pro¬ vided, further, that tbe certilieate of jui- flinrir>' Riaiitod b.v the superintendent of, . Insiiran.e pursuant to the provisions of this ud to such Insurance corporation to do business in tills state shall not remain lu force for n lon.ijer period tlian one year end that whcuev(,r the condition of any such coiporitlon to which a certificate of HUthniily has beSn Frranted is such that It I'miiiot meet all reiiuliemcnts of tlii,>» seelioii the siiperiiiteiulent of Insurance sUall foTlliwIth revoke such certificate All.' such comiiany IssiiiiiR nny polii'.v mull r which the policyholder In not lin I da to assessment, sliall not bo aiitlini izerl to iiaiisad business tu thl.s state iinUs.i It shnll hava mado the deposit of two hunilred thousmal dollars Kpecilled In (e) lieregf The deposit or the surplus of any such company so uuthorized to do biiHi- iiess in tills state to the extent of the niiiimuifi nniount thereof required by this ¦ seetion. Hhall he invested and kept In- ' vested iu sociirlties of tlie kind nnd char- ricti r ill which doir.esllc or foreign com- pniiies me reiiulred to Invest as mlni- niuui eapiUil iuvcKtinents by^seclion six- teeii of tiilij chapter, excepl' tlmt bonds and ninrt.eases on real estate shaii not ba accepted as deposit securities to be held tiy the superintendeut of In.surance of tills state. .-Xiiy such compani so admit¬ ted 111 do busineHH maV transact any of • he kinds of Insuranca enumoiated In section one hundrod and ton of this chap* ter, excepting risks Of ocean aud Inland tiiaruio liisurnnee Any such company may provide In its policy or by-laws lor a deposit premium lo coiist'tu'e all or a finrt ol the premliin* written In the policy. i 2 This act shall tuke effect lmmi;dl:itel.v. Stat" nf Now York, OtHce of Iho Secretary of Sliiio. as: ,
I linve comtiariHl the precedliig with tha ni iRiiial luw on tile in this otllce, and do hereby certify that ttie sume is a correct transcript Iherefioni und of the whole of mid original law.
FRA .vers M Huao,.
t Secretary of Stajle.
LAWS OF NEW YORK—By Authority.
CUAl'. 019. AN ACT aiiiliorlzlnK the superintendent
(if publie works tu renew or replace ex-
istiiiR raotur vehic-la eiiulpment ou tho
eniials.
iieeume a law May IG, 1917, with tha approval of the Governor. Passed, three- fifths being present
The I'eople of the State uf New York. lepre.seiitetl iu Senate and Aaaembly, do eiiar-t as follows;
8e< tlun I. The auperliitendent of public works Is hereby authorised to renew or replace by purchase or exchange vxiatlnc n t'tor vehlrlea on the canalf of the atat*. I liynieiitg necessary on avi^unt of any ' #i'h purchase ur exchttnga of motor ve- tilcles shall be mude from the funds pro¬ vided for eiiuipinent In the department of the superintendent uf public worka by ¦hapter one hundred and eighty-one ot the laws of nlneteon hundred and ¦•von teen.
i 1! Thla act shall take afCoct Immadlately. Btute of New York. Ofllca of the Bacn
tary of State, ¦¦:
I have uomparad tlM i>r«ue<VA4r with tti* oricinal law on (Ua tn ttita i/itot, and do hereby certify that tha aame la a oorraot tranacrlpt iharofruni and of the whola «>f aald original law.
FRANCM M. HUOO, , ttooittoitt ot ttat*. . i*. 'J
ly. H
