•X') I BANK FOR SAVINGS, IN THE CITY OF NEIV-YORK. THE BANK FOR SAVINGS, IN THE CITY OF NEW-YORK. OFFICEKS BY CISAKTEK. PRESIDENT, THREE VICE-PRESIDENTS, TWENTY-FOUR TRUSTEES, B Y - L A W S. CIIAPTER I. OF THE OFFICERS AND BOARD OF MANAGERS. § 1. Ill adclilion to the Officers of tlic Board named in the charter, there shall be a Treasurer; a Secretary; an Attending Committee; an Auditing Committee, of two Trustees; a Funding Committee, of the Treasurer and four Trustees; a Committee on Lost Bonks, of three Trustees ; a Committee on Clerkships and the Account¬ ant’s Dulles, of three Trustees ; a Committee of Loans on Bond and Mortgage, of the Treasurer and five 2. The said officers and committees shall be elected by ballot, from the Board of Managers, yearly, at the stated meeting in January. Any of them may be dis¬ placed b}"- a vote of the Board ; and vacancies happen¬ ing during the year shall be filled by an election by ballot. 3. There shall be a Law Committee, consisting of such counsellors at law as may belong to the Board. 4. As no President, Vice-President or Trustee can receive, directly or indirectly, aiw payor emolument for his services, none of them shall be responsible for any loss whatever. 2 5 . The stated meetings of the Board shall be held' on the second Wednesday in each month, at the Bank¬ ing House, at half-past 4 o’clock, P. hi. Extra meet¬ ings may be called, on the order of the President, a Vice-President, or two Trustees. 6. At every stated meeting, the Treasurer’s Report for the preceding month, showing the receipts, pay¬ ments, loans and investments during the month, and cash in bank, and the reports of the Attending Commit¬ tee, shall be laid before the Board. 7. Every Trustee who shall, for six successive meetings, omit to attend, shall be notified by the Secre¬ tary that he is considered desirous of resigning his office as Trustee; and unless he attend at the next meeting, or satisfactorily excuse his absence, his office may be declared vacant, as upon actual resignation; and the Board shall fill the vacancy according to law. 8. No person shall be elected a Trustee unless nomi¬ nated at least one stated meeting before the election. 9. "All investments and loans shall be made under the special direction of the Board, in the mode allowed by law. 10. All checks or orders for the payment of money shall^e drawn by the Treasurer, and countersigned by the President or a Vice-President, not acting as Trea¬ surer, except as provided, in case of the Attending Committee. 11. No Officer, Committee or Trustee shall, on any dccasion, contravene any by-law or resolution of the Boaid; n. OP THE ORDER OP EDSINESS AND DUTIES OF THE OFFI¬ CERS OF THE BOARD. r. The orSer of Business at the regular meetings of the Board shall be as follows : 1. Reading and correcting the minutes of the last regular and other meetings. 2. Report of Attending Committee. 3. “ Funding Committee. ^ 4. “ Treasurer. 5. “ Accountant, of Errors. C. Report of Committee of Lost Books. 7. “ Committee of Loans on Mortgage, 8. “ Committee on Clerkships. 9. “ Special Committees. 10. Miscellaneous Business. II. The President shall preside at all meetings and preserve order; he shall nominate all committees where their appointment shall not be otherwise provided for; he shall call special meetings when he shall think necessarj"-, or when two Trustees shall require it; he shall execute transfers of stocks standing in the name of the corporation, when ordered by the Board, and satisfaction pieces of Mortgages paid oil’. III. The Vice-Presidents, according to their pri¬ ority, shall, in the absence or inability of the President, perform the duties of his office. IV. The Treasurer, if required, shall give a bond to the Bank for the faithful performance of his trust, in such sum and with such security as the Board may from time to time require. 2. He shall receive all moneys payable to the Bank, collect the interest and dividends on its stocks anti other securities, and deposit all moneys byhim received, without delay, in the Bank designated by the Board, to the credit of this corporation ; he shall make the pay¬ ments authorized by the Board. 3. He shall keep a faithful account of all moneys received and paid under his charge, and of all moneys deposited and drawn on account of this Bank; and shall at every regular meeting of the Board make a particular report and statement. 4. He shall, in January and July, and whenever otherwise required by the Board, exhibit the securities of the Bank and his vouchers to a committee of two Trustees, to be appointed for that purpose, who shall examine and report on the same ; he shall present to the Board at the regular meeting in February an ac¬ count and statement of all the receipts and payments of the Bank for the year ending on thirty-first day of December then last past. 5. He shall have charge of the deeds, stock certifi¬ cates, bonds, mortgages, and all evidences, documents, piunlments of title, and other papers relating to the property of the Bank; and he shall, ex-officio, be a naember of the Funding Committee and Committee of Loans. 6. He shall report monthly the name of every person owing money on mortgage, whose interest shall have remained one month in arrear ; and when such interest shall be reported in arrear a second time, he shall de¬ liver to the attorney the securities for proceedings at law to collect the money. V. The Secretary shall have the custody of the minutes, the Treasurer’s bond, when any is given, and of the seal of the corporation. 2. He shall attend the meetings of the Board, keep minutes of their proceedings, and cause them to be kept fairly engrossed. ■3. He shall cause notices to be given of the meetings of the Board ; he shall give timeh' notice to the attend¬ ing committees of their times of service; he shall fur¬ nish the chairman of every committee to whom any special reference is made, with a copy of the resolution, showing the object of the reference and the names of the members of the committee. 4. He shall annually prepare and publish a card con¬ taining the names of the Trustees, with their residence and the times for their service as attending committees ; also of the officers and standing committees. VI. One member of the Board, each in his turn, for one week, shall, in person, or by his substitute of an¬ other member of the Board, attend at the Bank during the hours for receiving deposits and paying drafts, to be denominated the Attending Committee. He shall have the general superintendence and manage¬ ment of the Bank during the week of his service. He shall keep accurate minutes, shall see the daily receipts properly put into the vault, sign the checks payable to the order of the Accountant, or, in his absence, of the First Book-keeper, for the supply of cash for the Bank, and for the payments at the Batik, and for audited bills ; and shall see the mone 3 fs received during his week de¬ posited in the bank selected by the Board. He shall have power to close the account, or to refuse to receive the deposits of any person. 5 VIT. The Funding Coiuiittee slinll be charged with the duty of seeing to the stock investments of the funds of the Bank, and the disposal of its stocks, under the direction of the Board. VIIL The Coadiittee of Loans on Mortgage shall be charged with the examining of all applications for loans on Bond and Mortgage, and, after the same are approved, they shall see to the completing of the securities, and of the proper certificates in relation thereto, and shall deliver the same to the Treasurer; they shall draw on the Treasurer in favour of the bor¬ rower for the money loaned, which drafts shall be signed by a majority of the committee. 2. All loans shall be on productive unincumbered real estate in the City of New-York, w'orth at least fifty per cent, more than the sum to be loaned. No loan shall be made unless the committee shall be fully sat¬ isfied as to the value of the property to be mortgaged, nor until they shall be furnished, by competent counsel to be employed by them, with his certificate that he has carefully investigated the title to the property, and that in his opinion the title is good and the property unincumbered. 3. If, after loans shall have been made, the committee shall doubt the sufficiency of the security, they shall call in so much of the loan as will render the residue well secured. IX. The Committee on Clerkships shall employ for short periods supernumerary clerks, as they may t link necessary. They shall receive and report on all applications for permanent clerkships, and for other places in the Bank, when vacant. X. The Auditing Committee shall examine all claims on the Bank, (except on account of deposits,) and shall audit for payment by the Accountant such amounts as they shall find correct and payable. XT. The Standing Committees shall report monthly, an 1, if required, oftener. III. OF THE ACCOUKTANT, CLERKS, AND PERSONS EMPLOYED 1. An Accountant shall be appointed by the Board, from time to time, and shall be removable at pleasure. It shall be his duty to see to the proper receipts and payments, at the Bank, the making of the proper entries and keeping of the proper accounts in the books of the Bank, by its clerks and other servants, as well as by himself, and shall see to the correctness of the cash balance at the close of every day’s work. He shall, in every case out of the ordinary course of business, ad¬ vise with the attending or other proper committee. 2. He shall report monthly all errors discovered du¬ ring the month in the books or business of the Bank, with the name of the Accountant or clerk by whom such errors shall have been made, and whether it be in favour of the Bank or against it. 3. He shall have care of the books of account, signa¬ ture and test books, and of all other books and papers relating to the business of the Bank with its dealers. He shall pay audited bills, and preserve them with the evidence of their payment. 4. He shall, when additional aid at the Bank is needed, apply to the Committee on Clerkships to supply it. 5. In all cases of alleged loss of books, of applications for information as to accounts, by persons claiming any right therein, of frauds suspected to be committed on the Bank, or any of its depositors, of identifying of par¬ ties, and of such other matters as may need to be veri¬ fied in the business of the Bank, the Accountant is to take the proper evidence, on oath or affirmation, ac¬ cording to law, without charge. 6. It shall be his duty to superintend the other clerks and pe'rsons at the Bank during the hours when it is not open for payments. He shall report to the Attending Committee all neglects and violations of duty. 7. He shall carefully and critically examine all de¬ posit books presented for drafts, shall examine into the right to payment as far as practicable by the test book, by questions as to the particulars there recorded, by comparison of signatures and otherwise, and shall use every altentiun to guard against mistakes, over drafts, false additions, alterations and erasures in such books. Over drafts and false payments shall be forthwith re¬ ported to the Attending Committee and to the Board ; and the Accountant shall immediately use every dili¬ gence and exertion to recover back any moneys wrong- full}'- paid. S. The general accounts of the Bank shall be in the special charge of the Accountant, subject to the direc¬ tions of the Treasurer. He shall, with the aid of the clerks, prepare the monthly statement of receipts and payments at the Bank, with the detail of professions, occupations and amounts, the semi-annual statement of interest to depositors, the semi-annual and annual state¬ ments of the affairs of the Bank, with the needful expla¬ natory notes and details, and also the report required to be made by law every fifth year ; all which shall be presented to the Board at the proper times. 9. In case of the absence of the Attending Committee, orhis substitute, the Accountant shall procure the attend¬ ance of another Trustee in his place, if practicable. 10. The clerks of the Bank, including all the persons in its daily service, are under the direction of the Accountant, and are to perform their duties faithfully, promptly and correctly. 11. The Accountant and other clerks, excepting the Teller, are to attend at the Bank, daily, from 9, A. M. to 2, P. M., and from 4, P. M., to the close of the Bank in the evening. The Teller and cash porterare to attend daily, during the hours of business, at 4, P.M. The Accountant shall provide for the admission of depositors into the banking room, at 3 o’clock, under the superintendence of the porter. 12. The Accountant shall receive from the depositor the application to deposit, or draw moneys, and enter the amount on a tloket, and hand it, and the pass-book with the money, if a deposit, to the Teller, who shall count the deposit, and shall enter the draft on his memo¬ randum, and hand the book and ticket to the book¬ keeper, who shall make the proper entry. In the case of a deposit, the book shall be returned through the Attending Committee, to the depositor. When a depositor draws money, the book shall be returned by the book-keeper to the Teller, who, after Checking the entry with his m.emorandum, shall make the payment. s 13. The Teller shiill retain in the Bank all pass-books in which the account is closed by a payment in full. 14. The cash porter shall attend at the Bank every afternoon, at 4 o’clock, to perform such services belong¬ ing to his place as may be required by the Accountant or the Attending Commiitee, and shall render such aid as may be required in making the deposits of the money of this Bank. 15. None of the clerks or officers of the Bank shall be entitled to any pay on the claim of extra service. And in case aid shall be required to perform the duties of any clerk or officer who shall be absent, the compen¬ sation therefor must be paid by the absent person. 16. Neither the Accountant, nor any clerk or other person in the employment of the Bank, shall keep any account with the Bank as depositor; nor shall he receive or make any deposit, or pay, out of his own money or otherwise, any drafts in the business of the Bank, ex¬ cept during the hours when the Bank is regularly open lor the purpose of receiving and paying; nor shall he act as agent or attorney of any depositor, directly or in¬ directly. 17. It is expected of all the officers above named, that their conduct, as well away from the Bankas in it, shall be exemplary. 18. No officer or person engaged in the service of the Bank shall, without the direction of some of the com¬ mittees of the Board, disclose to any other person than the depositor any thing in relation to the account of any depositor, except to the Officers or Trustees, Ac¬ countant or clerks of the Bank, without the direction of some of the committees. OF THE BUSINESS OF THE BANK. 1. The Bank shall be open, for the receiving and pay¬ ing of moneys of depositors, every afternoon, except Sundays, and holidays allowed by usage or appointed by authority, from 4 to 6o’clock. The Attending Com¬ mittee may, in case of urgency, keep the Bank open an hour later. On Friday, females only shall be admitted. The Accountant and clerks will also attend daily, from 9, A. M., until 2 , P. M., for receiving and delivering books left to be written up, for giving information to' depositors, and for attending to such business as would interfere %vith the receiving and paying moneys when the Bank is open in the afternoon. Books may be left during any of the above hours to have the accounts written up, or interest entered ; and will be delivered back on or after the same day in the following week, between S), A. M., and 2, P. M. No money will be received or paid, under any cir¬ cumstances, otherwise than after 4, P. M., to the close of the Bank. 2. Deposits of one dollar, or any number of dollars, may be received, but are not, in the whole, to exceed one thousand dollars from any depositor, without the special direction of the Attending Committee, who shall report, in his minutes, the instance and occasion. 3. On making the first deposit, the depositor shall be present and subscribe his or her name in the book of the Bank as his or her agreement to these regula¬ tions “ of the business of the Bank,” a copy of which shall be printed on the pass-book ; without which no de¬ posit shall be received, under any pretence whatever. 4. All deposits and all payments shall he entered, at the time they are made, in the books of the Bank, and also in the pass-book of the depositor, who shall then examine the same. The pass-book shall be the voucher of the depositor, and the possession of the pass-book shall be sufficient authority to the Bank to warrant any paymetit made and entered in it; and the Bank shall not be liable or called on to makeany payment, without the presenting of the pass-book at its counter, that the proper entry maybe made in it. 5. All deposits must be made in gold or silver coin, or in bills taken on deposit in the banks of this city, at the option of the depositors; and payments shall be made, in the like manner, at the option of the Bank. 6. The Bank shall be at liberty to return all or any part of any deposit, whenever they may think proper. 7. All drafts must be made personally, or by order in writing, duly authenticated, when the signature is not known to the Accountant or Attending Committee, and must be accompanied by the pass-book. 8. The Bank shall not be liable to pay any moneys to depositors, except on a week’s previous notice to the Accountant or Attending Committee at the Bank, nor except on the third Monday in January, April, July and lo October; but moneys may be voluntarily paid by tnd Bank daily, and without such notice, and without there ' by waiving the right of the Bank to kich notice and time of payment. 9. No draft shall be made for less than one dollar, nor for fractional parts, of a dollar, unless it be for the whole amount remaining on deposit, or for interest only. ]0. All notices, in relation to the deposits or deposi¬ tors, published by order of the Board in one or more of the daily newspapers of the City of New-York, six days successively, shall be taken and held actual notice to each depositor. 11 . All accounts on which no deposit nor draft shall have been made for twenty years, shall cease to be en¬ titled to any further interest after twenty years from the last deposit or draft. 12. Although the Bank will endeavour to prevent frauds on its depositors, yet all payments to persons producing the pass-books issued by the Bank, shall be valid payments to discharge the Bank. In the case of lost books, the Bank will decide as to the person to whom payment shall be made, and without the right of the depositor in such lost book to question the correctness of the payment. 13. On the decease of any depositor, the amount to the credit of the deceased shall be paid to his or her legal representatives. 14. No person shall be entitled to make any claim on the Bank upon any contractor act by any officer, agent or servant of the Bank, not in conformity with these B3r-Laws. 15. Interestwill be allowed at such' rate as in the judg- mentoflhe Board ofManagers the business of the IJank for the last six months will justify; to be declared before the third Moudays of January and July. It will be al¬ lowed as follows: On all sums on deposit for six months prior to January 1, and July 1, six months’ interest, and no more; on other sums on deposit for three months or more, prior ta either of those days, three months’ interest, and no more. No interest will be allowed on sums drawn between those days, nor on sums less than five dollars, nor on fractional parts of a dollar. The interest will be credited as principal as of the first of January and of July, and paid on the third Mondays of those months.- V. OF THE REPORT AND EXAMINATIONS OP THE BANE. 1. The Annual Report of the Board to the Legisla¬ ture, and to the Common Council of New-York, shall be made at the stated meeting of the Board, in Feb¬ ruary. 2 . There shall be an examination of all the books, accounts and securities of the Bank by a committee of the Trustees, twice in every year, in the month next pre¬ ceding the dividend day. VI. OF ALTERATIONS. No alteration or amendment shall be made in these By-Laws, except at a meeting when a majority of the Trustees are present, and after one month’s previous notice of such intention to alter, and of the particulars intended to be altered. The preceding By-Laws are hereby adopted, and shall supersede all by-laws and resolutions not in con¬ formity therewith. AN ACT TO INCORPORATE AN ASSOCIATION BY THE NAJIE OF A BANK FOR SAVINGS IN THE CITY OF NEW-YOKK. Passed March 26, 1819. Whereas the Society for the Prevention of Pauper¬ ism in the city of New-York, have petitioned the Le¬ gislature for an act of incorporation, for the laudable purpose of encouraging in the community habits of in¬ dustry and economy, by receiving and vesting in gov¬ ernment securities, or stock created and issued under and by virtue of any Law of the United States, or of this State, and in no other way, such small sums of money as may be saved from the earnings of tradesmen, mechanics, labourers, minors, servants, and others; thereby affording the two-fold advantage of security and interest: And the Legislature considering it their duty to cherish all laudable attempts to meliorate the condi¬ tion of the poor and labouring class of the community,— Therefore, 1. Be it enacted hy the People of the State of New-Yorlc, represented in Senate and Assembly ,—That William Ba}'- ard, John Murray, Junior, Noah Brown, William Few, Brockholst Livingston, Cadwallader D. Golden, George Arcularius, Thomas Buckley, Duncan P. Campbell, Benjamin Clark, James Eastburn, Henry Eckford, Thomas Eddy, Philip Hone, John E. Hyde, Peter A. Jay, Zachariah Lewis, Dennis M’Carthj'-, Andrew Morris, James Palmer, John Pintard, Abraham Russell, Jacob Sherred, Joseph Smith, Najah Taylor, Jeremiah Thompson, William Wilson, and Samuel Wood, shall be, and are hereby constituted a body corporate and politic, by the name of “TAe Bank for Savings in the City of New-TorJc;” and by that name they’shall have perpetual succession, and shall be persons capable of suing and being sued, pleading and being impleaded, answering and being answered unto, defending and be- jng defended, in all courts and places whatsoever; and 14 may have a common seal, with power to change and alter the same from time to time; and shall be capable of purchasing, taking, holding and enjoying, to them and their successors, any real estate in fee simple, or otherwise; and any goods, chattels, and personal estate, which shall be necessary for the purposes above recited, and of selling, leasing, or otherwise disposing of the said real and personal estate, or any part thereof, at their will and pleasure. Provided always, That the clear an¬ nual value of such real and personal estate, exclusive of the profits that may arise from the interest accruing upon the stock, or from the sale of any stock in wliicli the deposits made in the said Bank may be invested, shall not exceed the sum of five thousand dollars ; and that the trustees or managers of said institution shall not, directly or indirectly, receive any pay or emolument for their services, nor shall they issue any notes, make any discounts, or transact any business which belongs to, or is transacted by incorporated Banks, other than is herein specified. Provided also, That the funds of the said corporation shall be used and appropriated to the promotion of the objects stated in the preamble to this Act, in the manner herein mentioned, and those only. 2. And he it further enacted, That the said association so incorporated, shall receive as deposits, from persons of the description contained in the recital to this act, all sums of money that may be offered for that purpose, in such sums, and on such terms, for the purpose of being invested as aforesaid; which shall be invested accordingly, and shall be repaid to each depositor when required, and at such times, and with such interest, and under such regulations, as the Board of Trustees, to be appointed as is hereafter mentioned, shall from time to time prescribe; which regulations shall be put up in some public and conspicuous place in the room where the business of the said corporation shall be transacted, but shall not be altered so as to affect any one who may have been a depositor previous to such alteration. No President, Vice-President, Trustee or Accountant, shall directly or indirectly borrow or use the funds of the corporation, except to pay necessary current expenses; and all certificates, or evidences of deposit, made by the proper officer, shall be as binding on the corporation as if it were under their common seal. And the said corporation shall from time to time have power to make, 15 constitute, ordain and establisli such by-laws and regil'- klions as they shall judge proper, for the election of their officers, for prescribing their resj)ective functions, and the mode of discharging the same, for regulating the times and places of meeting of the officers and Trus¬ tees, and for the transacting, managing and directing the affairs of the institution. Provided, such by-laws and regulations are not repugnant to this act, to the constitution and laws of this state, or of the United States. Provided further, That it shall be the duty of the Trustees of the said Bank to regulate the rate of interest to be allowed to the depositors, so that they shall re¬ ceive a ratable proportion of all the profits of the said Bank, after deducting therefrom all necessary expenses authorized by this act to be incurred. 3. And he it further enacted, That the officers of the said institution shall consist of a President and three Vice-Presidents, who, together with twent3r-four Trus¬ tees, shall constitute a Board of Managers ; five of whom, provided the President, or one of the Vice- Presidents, be present, assembling at the time and place designated for that purpose by any by-laws or regulations of the institution, shall constitute a legal meeting thereof. 4. And be it further enacted, That William Bayard shall be President; John Murray, junior, first Vice- President ; Noah Brown, second Vice-President, and William Few, third Vice-President; Brockholst Li¬ vingston, Cadwallader D. Golden, George Arcularius, Thomas Buckley, Duncan P. Campbell, Francis Coop¬ er, James Eastburn, Henry Eckford, Thomas Eddy, Philip Hone, John E. Hyde, Peter A. Jnj^, Zachariah. Lewis, Dennis M'Carthy, Andrew Morris, James Palmer, John Pintard, Abraham Russell. Jacob Sher- red, Joseph Smith, Najah Taylor, Jeremiah Thompson, William Wilson, and Samuel Wood, be the first Trus¬ tees, who shall constitute the first Board of Managers of said institution ; and in case of a vacancy, by death, resignation, or otherwise, among the said officers and Trustees, such vacancj'' shall be filled up by ballot by^ the Board of Managers, at their first regula'r meeting thereafter, and the person having the majority of the whole number present, and voting, shall be considered as duly elected, and not otherwise ; and the said board sfiall from time to time appoint a fit person as an Ac- 16 countant to the institution, removable at pleasure, who shall give such reasonable security for his fidelity and good conduct, as the Board of Managers may from time to time require ; and they may, if necessary, appoint a clerk to assist him. 5. And, be it further enacted, That the Board of Trus¬ tees shall have power to appoint a clerk or clerks, and such other officers and servants as they may deem ne¬ cessary for conducting the affairs of the institution, and to remove them at their pleasure, and to appoint others in their places ; and to fix the salaries of such clerks or other officers so appointed. 6. And be lt further enacted, That it shall be the duty of this corporation to make an annual report to the Le¬ gislature, and to the Common Council of the city of New- York, of the state of their funds. 7. And be it further enacted. That this act is hereby declared to be a public act, and that the same shall be construed in all courts and places favourably and be¬ nignly for every beneficial purpose therein intended : and that no misnomer of the said corporation in any deed, gift, grant, or demise, or other instrument of con¬ tract or conveyance, shall vitiate or defeat the same, provided the corporation shall be sufficiently described to ascertain the intention of the parties. And provided also. That the Legislature ma.y, at any time hereafter, amend or repeal this act, and dissolve the said corpo¬ ration, or vary or modify its powers, as to them.- shall seem fit and proper. AN ACT CONCBKNINGt THE BANK FOR SAVINGS IN THE CITY OF Passed March 24, 1820. 1. Be it enacted by the People of the State of New- York, represented in Senate and Assembly ,—That it shall and may be lawful for the Corporation called the Bank for Savings in the city of New-York, to vest moneys which' they have received, or shall receive, in the manner and' for the purposes mentioned in the Act incorporating tire said Bank, in such government securities and stock, as is mentioned in the last aforesaid act, and also to loan the said moneys to the corporation of the city of New- York, at a rate of interest not less then six per centum per annum. 2. And he it further enacted, That it shall be lawful for the said Corporation, at their discretion, to pay to any depositor, being a minor, such sums as may be due to such depositor, not exceeding two hundred and fifty dollars, notwithstanding that no guardian shall have been appointed for such depositor, and that the receipt or acquittance of such minor shall be as valid as if the same were executed by a guardian of such minor duly appointed. Provided, such deposit shall have been per¬ sonally made by such depositor, and not by any other person for his or her benefit. 3. And be it further enacted. That the books of the said Corporation shall at all times be open to the Comptrol¬ ler of this State, and to such other person or persons as the Legislature may from time to time delegate, for in¬ spection and examination. A N ACT RELATIVE TO THE SAVINGS BANK IN THE CITY OF Passed JIarcli 2D, 1827. 1. Be it enacted hj the People of the State of New-York, represented in Senate and Assembly ,—That it shall and may be lawful for the Corporation called the Bank for Savings in the city of New-Tork, to vest moneys which they have received, or shall receive, in the manner and for the purposes mentioned in the Act incorporating the said Corporation, in any stock, for the redemption or payment of which the faith of this state shall be pledged, or in any public stock which hath been or shall be cre¬ ated and issued, under and by virtue of any law of the State of Ohio, or in stock which hath been or shall be created and issued by the Mayor, Aldermen and Com¬ monalty of the city of New-York; and also to loan 18 money to the said Mayor, Aldermen and Commonalty at such rate of interest, not exceeding lawful interest, as shall be agreed upon between them. AN ACT FOR THE RELIEF OP THE BANK OF SAVINGS IN THE CITY OF KEW-YORK. Passed March 29, 1830. The People of the State of New-TorJc, represented in Senate and Assemlly, do enact as follows: 1. It shall be lawful for the Corporation called “ The Bank for Savings in the city of New-York,” in addition to the powers granted by the act of incorporation, to vest moneys which they have received, or shall receive, in any stock or securities, for the redemption or pay¬ ment of which the faith of any State in the Union shall be pledged ; or in the bonds of the corporation of the city of New-York; and also to loan any money to the Public School Society of New-York, on satisfactory real security; and also to make temporary deposits in any of the incorporated banks in the said city, and to re¬ ceive interest thereon, at such rates, not exceeding that allowed by law, as may be agreed upon. 2. The Accountant of said Bank for the time being is hereby authorized to administer oaths, in all such cases-where it may be necessary to carry into effect the true intent and object for which the institution was in¬ corporated, and where such oaths shall be directed to be administered by the by-laws of the Corporation. AN ACT CONCERNING THE BANK FOR SAVINGS IN THE CITY OF NEW-YORK. Passed April 23, 1831. The People of the State of New-York, represented in Senate and Assembly, do enact as follows: 1. The Board of Trustees of the Bank for Savings in the city of New-York, are hereby authorized to ac- 19 cumulate gradually, and hold invested, a surplus fund, not exceeding three per cent, on the amount ot deposits, to the end that in case of a reduction in the market price of the public stocks and securities, held or to be held by the said Bank, below the par value thereof, any loss to the depositors, by reason of such reduction, may be prevented or made good by means of the said fund. 2. The said Board of Trustees may from time to time regulate the interest to be allowed to depositors, so that the interest allowed to depositors having five hun¬ dred dollars or more deposited with the said Bank, shall be at least one per cent, less than the interest al¬ lowed to others; and so that no interest or dividend on account of the said surplus fund shall be allowed for moneys which shall have been withdrawn from the Bank. AN ACT RELATIVE TO UXCLAl.AIED BAXK DIVIDEXDS AND FasBcd May 9, 1S35. T/iC Feopk of the State of Nao-Jorlc, represented in Senate and Assenthlij, do enact as fulloics: 1. Each of the banks in this State, on or before the first day of September next, and annually thereafter, shall cause to be published, for six successive weeks, in one public newspaper printed in the county in which such Bank may be located, and in the State p.aper, a true and accurate statement, verified by the oath of the cashier or presiding officer, of all the deposits made in said Bank, and of all the dividends declared upon its stock, which at the date of such statement shall have remained unclaimed by any person authorized to re¬ ceive them for two years then next preceding. 2. Such statement shall set forth the time such de¬ posit was made, its amount, the name and the resi¬ dence, if known, of the person making it, the name of the person in whose favour the dividend may have been declared, the time it was declared, its amount, and upon what number of shares of the stock of said Bank. 20 S. Each of the savings bank sshall, within the same time above stated, and annually thereafter, cause to be published in the same manner, and for the same period of time, a like statement, verified by the oath of the president or other presiding officer, of the names of all persons who have made deposits in such Bank, and have not, within two years next preceding the date of Said statement, either dravvn out any part of the money so deposited, or of the interest accruing upon it. 4. Such statement shall contain the name of the de¬ positor, and his residence and occupation, if known, the time the deposit was made, and its amount, to¬ gether with the sum due for interest. 5. In all cases the expenses of advertising shall be deducted from its sums unclaimed, in proportion to the amount of each respectively. 6. It shall be the duty of the presiding officer of each of the said banks, and savings banks, to report the same statement as above required to be published, at each session of the Legislature, within ten days after its commencement, 7. This act shall take effect immediately, AN AC T IN KELATION TO THE BANK FOB, SAVINGS IN THE CITY OF NEW-YOEK. Passed April 23, 1836. The People of the State of New-Tork, represented in Senate apd Assembly, do eriaci as follows : 1. It shall be lawful for the corporation styled “ The Bank for Savings,” in the city cf New-York, in addition to the powers heretofore granted, to loan any money which they have received, or shall hereafter receive, upon bonds secured by mortgages upon unincumbered real estate situate in the city of New-York, worth at least fifty per cent, more than the sum loaned. 2. The Board of Trustees of the said savings bank are hereby authorized to accumulate gradually, and 21 hold invested, a surplus fund, not exceeding ten per cent, on the amount of deposits, to the end that in case of a reduction in the market price of the securities or public slocks held or to be held by the said Bank, below the par value thereof, any loss to the depositors, by reason of such reduction, may be prevented or made good by means of said fund. 3. Instead of publishing a statement of the depositors of said Bank, as is required by the act entitled an “Act relative to unclaimed bank dividends and deposits, passed May 9, 1835,” the said Bank shall report the statement by said act required, to be made to the Comp¬ troller of the state, before the first day of January, every fifth year, without designating the occupation and place of residence of the depositors. The first report of said Bank shall be made before the first day of January, one thousand eight hundred and thirt)'- eight. 4. The bank commissioners shall have power to visit and inspect the said Savings Bank whenever they may deem it necessary, or upon the requisition of the Comp¬ troller, and shall report to the Legislature its general condition not less than once in every three years after the passage of this act. 5. No person shall make any deposit, or have any interest in any deposits, made at difterent limes in said Bank, to a larger amount than the sum of five thousand dollars, and no trustee or officer of said Bank shall Inake or have any interest in any of the deposits of the said Bank, or the profits arising from the same, except it may be for deposit, made by them as trustees for the )3enefit of others. 22 AN ACT IN RELATION TO SAVINGS BANKS. Passed May 6, 1839. The People of the State of New-YorTc, represe?ited in Senate and AssemUij, do enact as follows: ^ 1. The report and publication of the statement of unclaimed dividends and deposits, and of the names, residence and occupation of the depositors required to be made by the several savings banks in this State, by an act passed May 9th,, 1835, shall only be in relation to such dividends and deposits, no part of which or of the interest accruing thereon, shall have been claimed or drawn out within three years next preceding the date of such statement; and such statements shall also be made annually to the comptroller of this State, on or be¬ fore first day of January in each year. § 2. The bank commissioners, or either of them, are authorized to visit and inspect the said savings banks whenever they deem proper, or when required by the Comptroller, and shall report to the Legislature the general condition of said banks, not less than once in every three years after the passage of this act. ^ 3. The board of trustees of the said savings bank are hereby authorized to accumulate gradually, and hold invested in like securities, as authorized by the act in¬ corporating said banks, a’ surplus furnl, not exceeding- ten per cent, on the amount of deposits in said banks re¬ spectively, to the end that in case of a reduction in the market price of the securities or public stocks held or to be held by the said banks, or any of them, below the par value thereof, any loss to the depositors, by reason of such reduction, may be prevented or made good to them by means of said surplus fund. ^ 4. The fourteenth and sixteenth sections of the act to incorporate the Bowery Savings Bank, passed hlay 1,1834, are hereby repealed. AN ACT IN RELATION TO DEPOSITS BY BANKS FOR SAVINGS. Passed December 15, 1847. The People of the Slate of New-YorJc, represented in Senate and Assembbj, do enact as follows: 1. It shall be lawful for the trustees of banks for savings, who are authorized to make temporary de¬ posits in any of the incorporated banks, to make such deposits with any of the associations which are now, or may hereafter be formed under the general banking- law. § 2. This act shall take effect immediately.