Sunday dispatch. [volume] (New York [N.Y.]) 1845-1854, 1852-03-14

stat ite against usury
mntoned in the frat section Of this act, may on tn
vote OF mVority Of he voting shares at any ieg0a
meeting after the passage Of this act become enti6ed
he 6eneht Of this act complying with the second an
hrd sections thereof unless the second section has mere
toiore be- complied with in which it shall be ne
cessary to comply with the ssid third seotion.
u NO otcer, trustee, attorney, agent or servant
any association hereby Incorporated shall dpos
OF any part OF the funds Of such association assign
Of any bond, mortgage other instrument be
longing such associat'on, unless duly auNoIzed
every pers guilty Of violation Of this section shall H.
damage thereby ipcurred and all aso be liable to
indictment for nisdemeanort punshable BY fine or i'm
prsonmeat both, in the discretion OF the court by
which he shall be tried
10 Each association formed under the provisions
this shall the close years operations
and annually at the period in each thereafter
publish in at least two published in the pac
where their business be located if no newspaper
shall be published such place. then in any two
papers published suchpace, concise statement
veryed on me odhs q as president ana secretary Ho0
gtte actual financial condition of the association, dnc
the amount Of ats property aud liabilities, specifying the
II All the shareholders of any association formed
under this act ehal be Individually liable to the creditors
o. sqld qssoclation 10 an dnoM eq0t 10 nc anount o.
stock he'd by them respectively for all dba contracted
association formed under this act shall be
ally liable for any fraudulent use disposition invest
caton or Tor any loss Which shall be- Incurred by any
Investments made by such directors other officers
this act but director other Off ser Of such
socaon shall be liable aforesaid except he authorized
position. or Investment as Aforesaid.
II. No person holding stock in any such company,
or executor admnstrator, guardian Ortrustee, and
holding such stock collateral security shall be
personally subject to liability sockhoder of such
company but the persons pedgng such stock shall he
considered holding the same and shall be lab
stockholder accordinqy and the estate and funds in
hands of such executor administrator guardian or
trustee shall be liable in like manner and to the same
extent, the testator intest.e the per-
interested in such trust fund would have il he
had been living and competent to act and hold the
l3. Every executor. administrator, guardian or
trustee shall represent the share stock in his hands
all meetings Of the company and may vote accordingly
as stockholders and every who shall pledge his
stock as aforesaid may nevertheless represent the
holder.
election Of officers shall not be made the day desig
mated by the by laws of said company when 1t ought
election for trustees in such shall be pro-
their successors shall be elected
10 The legislature may at any time alter, amend
repeal this act annu repeal incorporation
formed created under this act but such amendment
company take away or impair any remedy given sganst
liability which shall have been previously incurred.
l6 Any company which may be formed under this
act, may increase diminish its capital stock by
plying with the provisions of this act to any amount
poses Of the corporation But before any
shall be entitled diminish the of capital
stock if the amount of its debts and liabilities shall
eeed the amount of capital to which is proposed be
reduced such amount debts and liabilities snail be sat
listed and reduced to exceed such diminished
5 II. Whenever any company shall desire to call a
meeting of the stockholders for the purpose of in
it shall be the duty Of the trustees publish notice
signed by at least majority Of them in newspaper
the county II any shall be published therein, at least
three successive weeks, to deposit written or
printed copy thereof the post Office addressed to each
stoekholderat his usual place OF residence least three
weeks previous to the day liked upon for holding such
meeting specifying the object of the meeting the time
and place when and where such meeting shall be held
and the amount to wheh h shall be posed increase
or diminish the capital and vote of at least thirds
Of all the shares Of stock shall be necessary an
or dminution of the amount ofits capital stock.
provided for in the proceeding section of this act
holders shall appearin person by proxy in numbers
stock of the corporation they shall organize by choosing
one Of the trustees Chairman Of the meeting and also
suitable person Tor Secretary and proceed vote of
nS IN Ay anc IL on
votes has been given in favor of shnq
showing Compliance with the provisions Of ks tb
amount Of capi al actually paid n the whole amount
VIII Oh the stock shall be in creaaed or dminshed
shall be made signed and verified by the affidavit Of
the Chairman and be by the Secretary
such certicate to shall be acknowledged by the Chairman
and when fled the capital stock of such corporation
shall be increased diminished to the specified
49, The shares held by the members of all associa
lions under the provisions Of this act shall
be exempt from sale execution for debts extent
not exceeding six hundred dollars in such shares their
2d No loan made by any such association to snv Of
may exceed IN amount the par value of the
'NoSN -OA Miiioh
~ The eopy ot any, csS certified by the county
clerk his deputy to be true copy and Of the whole
of such certificate shall be received in all courts and
places prefumptive legal evidence of the facts therein
2s This act shall takes effect Immediately
STATE OF New York,
ceding with the original law file in this office and do
certify that the same is correct transcript therefrom
CHRISTOPHER MORGAN,
Secretary Of State.
The following is list as near as we could collect them
the various Building and Mutual Loan Associations
anizsd in this city We give in the majority Of
cases the time, which by the law of April TO- 1884, they
are req ured to be filed in office of the County Clerk
the names Presidents and Secretaries officers of the
assocatious ultimate value of shares and the dues
qured monthly paid into the hands of the Secretary
This list together with the preceding article will give
our readers and the public generally clear insight into
tho workings Of this associative effort the part of
the Industrious rid themselves and those dependent
them, of the of landordism. We do antic
pate that this will be the end of association Each new
organization is improved in minor detail its pre-
decessor and each Improvement gains with the
public shall long be without perfect associative
system regulating perhaps, the entire social fabric
PEOPLES.-No 1.-Filed Jsnuary 27, 1852. Theodore
Wartime, Presidents j. F. Williams, Secretary. Shares
$500. Monthly dues, So
PEOPLEs.-No. 2.-Filed March TO- 1852. Oliver H
io0 West Twenty u inth street. Shares $500 Dues So
ISLAND CITV.-Organized - c. II. Ring Pres-
dent; W. B. Smith. Secretary. Office No. Chatham
Square Shares, $780, Dues 49,
PHGNIX.-Fned February 25. 1852. Wilson Small
President; Alfred r. Hetfed, Secretary Office No 65
Chatham street. Shares, $780, Dues, So.
wAsGINGToN.-Filed November Is 1851 casperC.
Childs President; Henry H. Hooper, Secretary. Office
1888 Pearl street. Shares, $500. Dues, 81 so.
HARLEM.-Filed February 2, 1851. Louis J. Beloni,
4th avenue and l25th-st. Shares, $500 Dues So.
MEcHANICs.-No. p Filed March ]. 1851. Thomas
Norton President; Jacob Pecare Secretary Office No.
Chatham square. Shares $500 Dues, ST.
AMERICAN FREEHoLD.-Filed January. "A. 1882
RRslph BenA%n PrssSent ssdS j. " sleisht Secretary
CHELsEA.-Filed February l6, 1852. David Barnes,
avenue. Shares $500. Dues, 81.
fAMERICAN-No. Organized June O. 1850 John
Bruce Presidents Solomon Jessurun Secretary. Office
No. Clinton Court, Beekman street. Shares, $500.
AMERIcAN-No 4.-Filed May 27, 1851. John Bruce.
President solomon Jessurun, Secretary Office Gin
ton Court, Beekman-st. Shares, $780, Dues 50 80
MAINTAINING. l.-Filed July 7, 1851. Morran
Morgans, President; JamesW Weston Secretary Office
10 Spruce street. Shares $500 Dues 49,
MANHATTAN-No. 2-Filed November 2l, 1851. John
N Genin, President; James w. Weston Secretary Office
Is Spruce-st. Shares, SsCO Dues, 49,
MANHATTAN-No. S.-Filed March 10, 1852 James
Is Spruce-st. Shares $500, Dues, So.
CITIzENs-Filed January 10. 1852 Simeon Draper,
Broadway Shares $500. Dues S.
EMPIRE-Filed February ?, 1852 Joseph R. Taylor,
President J. Weldon Fell Secretary ofhce l7s Spring
EMPIRE, No. 2-Filed - - Jonathan "; Allen,
st. Shares $500. Dues So.
NORTH AMERICAN-Filed -. Richard f. Car
man. President Mortimer Smith Secretary ONCE 45s
Broadway. Shares $780, Dues S3
PHGNIX-Organized March TO- 1852 D. D. Nash
President; A. P Smith Secretary. 0fhce, 479 Eighth
avenue. Shares $780, Dues So.
IRVING-Filed March r. 1852 Morris Franklin Pres
dent A H. Nicoley; Secretary Office, IA Grand st.
Shares $500. Dues SO.
cOLUMBIAN-Fned -, 1852. Francis A. Palmer
prao I,
cey Shares $500 Dues 81
UNITED sTATEs-Filed December 30, 1851. Nicholas
-. Shares 5000. Dues 50 so.
FRANKLIN-Filed October so, 1851. Samuel F. Bar
Spruce sT st. Shares $500 Dues So ''''
GREEN POINT-Filed August 90 1851. Horatio AL
len President Daniel Sheldon, Secretary Shares dues
and Office could not be ascertained.
METROPOLITAN-Filed September l3, 1851. Richard
c. Mccormick, President; Il NJ Willet, Secretary. Of
nee, - Shares $500 Dues 81.
NEW YORK-Filsd October g. 1851. DR.. J. Hassell,
President j.. Buxton, Jr, Secretary. Office, ---.
Shares 5000. Dues 81 so.
WORKINGMAN's-F October TO- 1851. John Lind
fee -. Shares $500. Dues 81 90.
NEW YORK GNDEPENDENT-File October %,
1851 Marcus r. Harris. President JOS p De Youngh
Secretary. Office, ----. Shares $500. Dues 81
GREENWIcH-No. .l.-Fiied. December 81, 1851. E.
Charles Crane President; R. Ross r., Secretary. Of
fce, 4s Eighth Avenue. Shares, $780, Dues, SO.
GREENWICH-No. 2.-Filed, March 8. John Keyser,
President r. E0ss SOD % DSsS SsSretsry ONCE 4S Eighth
AMERICAN BUILDING No l-Organzed, April
49, lS4s. John Bruce. President; solomon Jessurun,
Secretary. Office, Clinton Court, Beeknan street
Shares 5000 Dues 81 90 Shares in this Association
can now be sold at the Secretarys Office, for S22O
AMERICAN-No2 2.-Organized, June l2 1919. John
Bruce Presidents Solomon Jessurun, Secretary Ohce
No Clinton Court, Beekman street. Shares, 5000.
Dues, 81 3d.
MECHANICs-No. l.-Fied, September 4, 1851. Sam
ue Southerden, President; Jacob Pecare, Secretary
| Office, 5l4 Grand street. Shares, $500 Dues, SS
KNICKERBOCKER-Fil February "a, 1852. James
R. Del Veccho, President; Edward j. Madden, Secre-
tary. Office, l6e Ninth Avenue Shares, SeOO Dues, 50
! KNICKERBOCKER BUILDING-Filed, -. Wei
come r. Beebee President; Edward j. Madden, Secre-
tsry. sOfhce, l6s Ninth Avenue. Shares $500 Dues
49,
| MERCANTlLE-Filed, March 49, 1882. b. ]. Rowland
Presidents VIM O. Groser. Secretary. Ofhoe Of
Broadway and Grand street. Shares $500 Dues, s..
| EXCELsIOR-Filed, August 3, 1881. Robert T. Haws
President Nathaniel P. Labare, Secretary. Oce l5i
Bowery, upstairs. Shares, $500. Dues, So
] FXCELSIOR-No. 2.-Filed, January lS 1882 vii
liam L. Miller President Nathaniel F. Labarte, Secre
tary Ofce l56 Bowery, stairs. Shares, 5000 Dues
49,.
| ktLEGHANIA-Filed March g. 1852 Moses May
nard ir President; Oscar L. Benz amin Secretary. OF
| fee 1873 Third Avenue Shares, $780, Dues, 80
| UNION-Filed, September 10, 1852. Robert NJ Sci
leck Presidents J. Pecare, Secretary. Office, Chat
! ham Square. Shares, S600. Dues, SO.
| FULTON MECHANICS AND WORKINGMEN s.
| Filed, Samuel Suthsrden. President; Isaac Am
norman, ir, Secretary Office 65 Third Avenue. Shares
$500. Dues, 81 go
| WAVERLY-Organized in 1852. N. B. Montfort, Pre-
fdent; James W. Hale Secretary. Office 43 Sixth Ave