The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-01

PASSED JULY IL, 1853.
The People of the State Of New York, represented
in Senate and Assembly, do enact a. follows
SEC l. All that piece or parcel of land situate, ~
Ing, and being in the Twelfth ward Of me Guy o. 4
New York, bounded southery by Sixty-third street.
easterly by the Fifth avenue and westerly by ING
Eighth avenue Is hereby declared to be public square
in like manner as II the same had been laid out ~
the commissioners appointed in and by the act Of the
Legislature, entitled " an act relative to Improve.
ments touching the laying out Of streets and ROAD
in the CITY of New York, and for other purposes"
passed April 8, 1897 aud the map Or plan OF said
city il hereby altered accordingly.
Sec. 2. The Mayor. Aldermen, and oommenatyd
the CITY Of New York are hereby authorized 10 take
the said piece OF land for public use a. and for al
public square, pursuant t. the act entitled an act
TO reduce several laws relating particularly 70 tn9
city Of New York into one act, passed APfh VI
1878" and the several acts amendat0ry thereto, Qgj
such portions thereof a are now in force, 80 tar
the same are applicable 70 the laying cut an
taking Of public squares and places N Inc csy
New York, except as hereinafter provided; and
such portions of the said act and of the said sewers
acts smendatory thereto As are apolicable to m
laying out and taking public squares and places ~
said city, and IS are now In force, shall apply TO the
taking and laying out Of the piece OF land above des
cribed and for public square, in the same man.
and to the same extent as II the said piece q
land had been originally laid down as and for -
public square upon the map or plan Aforesaid OF SAM
city, except as hereinafter provided. a,
Sec. 3. Five persons shall be appointed oomrnie~
sOners OF estimate and assessment Instead OF three
and In case OF the death, resignation or refusal ~
act Of them or either them it shall be lawful fu
the Supreme Court in the fist judicial district, at -
special term thereof on the application OF the said
Mayor, Aldermen, commonalty, and officers, "a suc)
event shall happen, to appoint discreet and disi1
terested person, being citizen OF the city of Nej
York, in the place and stead Of such commissioning
30 dying, re.ignipg or refusing To act.
Sec. 4. In every case OF the appointment OF c0nt6
missioners under this act it shall BIZ competent and!
lawful for any three Of said commissioners to b
appointed to perform the trust and duties Of their
appointment, and their acts shall be valid and ef
fscual as the acts OF all the commissioners to be
appointed they had acted therein, would have BEEN
and in every case the proceedings and decisions Of
such commissioners, being three in number aB shals1
De acting in the PREMISE, shall be 40 vad and eec
tual as il the SAD commissioners appointed for such
purpose had all cOEcuiled and joined therein.
Sec. 5. The said commissioners may allow conf
pensation for any bailding dngs upon the said|
land, which may have been built, placed or erected
thereon, after the time OF the filing OF tho orgnalI
maps or plan of the said city.
Sec 6. Payment Of the damages awarded by theI
said commissioners. shall be made and become due,
and payable immediately upon the confirmation oil
the report o. said commissioners IN inc premises
images awarded by the commissioners OF estimate and
assessment, and the expenses, disbursements, and,
charges in the premises. as shall exceed the amount
or sums that may be asse sed by the said commis!I
sioners upon the parties and persons andsand tens
meuts, deemed by them benefited by the opening OF
such public square or place, it shall be lawful for the
6ald mayor aldermen, Auu conmOnalty, 70 raise thov
amount OF such by loan by the creation Of 81
public fund stock to be called 1.-THE Central Park
fund.-" which shall bear interest net exceeding
five per centum per annpm, aud shall be redeema-
BILE within period Of time not exceeding forty Aye
years after the passage OF this act and for the pay
Inent of which the said piece Of land 80 49, aforesaid
to be taken, shall be irIevOcably pledged.
Sec s. II she'll be lawful for the Mayor Aldermen,
and CUmmonalty to determine what shall be the
nominal amount value OF each same OF said stock,
and Of what number of shares the same shall con-
sst, end they hereby Authorized to sell and dis
pose of such shares at pubc auct,on or at private
sale, or by subscription for such stock and such
terms as they shall thi, proper; said stock shall
not be sold at less than its par value.
Sec Q. In order to pay the interest upOH the stock
hereby authorized the Mayor, Recorder, and Alder
men Of the city aud county of New York, as tue
supervisors thereof herety auth orized and EN-.
powered to order and cause to be raised by tax on
the estates real ana personal subject 20 taxation 40
cordDg to la within said ely and county, and to be
coll. etcd in addition to the ordinary taxes yearly,j
and every year, until the Whole amount OF the stock
be paid, sum of money sui lent TO pay the interest
annually accruiBg on sai6 stock.
Sec TO- The provisions Of the act entitled IAN act
to regulate the finances Of the city of New York,
passed June 9th, 1872, which not repugnant to-
or incompatible with any provision In this act conf
tanned, shall apply to said stock.
CO. .l...1I .>.-~ ~