The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-08-19
N E w L A w S g.
The New York Common Schools.

N e w L A w S.
The New York Common Schools.
AN ACT RELATIVE TO COMMON SCHOOLS IN THE
CITY OF NEW YORK, PASSED JUNE A, 1868.
The people Of the State of New York, represented
IN Senate and Assembly. do enact as follows:-
Sec. l. The public school society of the city of
New York shall, on or before the first day OF Sep
tember eighteen hundred and tythree, convey
and transfer according to this t by deed, to be APP
proved by the counsel to the corporation of 81 CITY,
all their corporate property to the mayor. aldermen
and commonalty Of the city Of New York. subject
to all liens and encumbrances thereon, and the debts
OF said society; and thereupon the said property
shan belong to the said mayor aldermen, and com
monalty, in the same manner the school property
now used and occupied by the ward schools be-
longs to the said mayor, aldermen, and cOmmonaly;
and the schools of the public society shall be ward
schools subject to the same control and enjoy the
rights and privileges as if originally organized as
ward schools but such portions of the property afore
said as have been granted to the public school socie
ty subject to the trust that the shall be devot
cd TO the purposes OF common schools, shall be held
subject to such trust and the premises now known
as trustees hall, situated at the corner of Grand
and Elm streets, shall be used and occupied by the
board OF education az long as they may think advi
sable Tor the meetings and business thereof and for
such educational purposes as said board may direct;
and the residue OF the property aforesaid shall be
conveyed for the purpose Of common schools in the
same manner as the property purchased by the au-
aforesaid.
Sec. 2. The public school society shall, at the
time OF such conveyance, make detailed statement
OF all their property real and personal, and Of all
their debts OF every description, existing at the time
OF such conveyance, which shall be certified as full
just and true statement of all such property and
debts by their president treasurer, and secretary,
and shall deliver one copy thereof certified to the
comptroller of the city OF New York and the other
copy certified to the clerk of the city and county
OF New ork for the of the board Of supervisors
OF the city and county of New York; and the said
board of supervisors shall thereupon proceed to an
oft and determine the amount of all the debts Of the
said society and shall cause the to be certified
and filed with the said comptroller.
Sec. 5. Upon the amount of the debts of the said
society being certified and filed, it shall be lawful
for the mayor, aldermen, and commonaty of the
city OF New York, and it shall be their duty to raise.
hy loan, sum not exceeding the amount of the debt
50 certified and fled by the creation of public fund
stock to be called 1.-The public education stock Of
the city of New York. the year one thousand eight
hundred and htty-three," which shall bear an in
teiest OF five per cent per snnum, and which shall be
redeemablc at period of time not than twenty
years from the passage this act The said mayor,
aldermen, and commobalty shall determine of what
number OF shares the said stock shall consist, and the
said stock shall he disposed ofby public competition,
under ther the direction of the commissioners of the
sinking fund of the city Of New York. The moneys
raised by virtue of this act shall be applied for the
purpose OF paying and discbarging all the said debts;
any deficiency, by reason OF interest accrung the
said debts after the same are so certified and filed,
shall be paid by the said mayor, aldermen, and CON-
monaty out OF the city treasury: and any excess by
reason Of the said stock being disposed of at pre-
MUM, shall be held as part of tho sinking fund
hereinafter provided
Sec. 4. The board of supervisors shall, yearly and
every year, until the said stock shall be wholly re-
deemed and paid of, order and cause to be raised by
tax on the estate real and personal of the freehold
ers and inhabitants Of and situated within the said
city and county, and to be collected according to
nofv fcia To fho pfnr
the said stock as the same falls due, and to pay and
discharge the principal by the time the same
shall be payable All Of which moneys so to be
raised shall be under the management and control Of
the commissioners OF the sinking fund of the city of
New York and all such moneys so to be raised are
hereby involaby pledged to pay the interest and re-
deem the principal Of the said stock.
Sec. S. The public school society may, Immediately
after SO conveying all their corporate property, APP
point fifteen from the then trustees OF said society to
be commissioners of schools for the city Of
New York, and members Of the board of education,
designating the ward for which each person is ap-
appointed, and not more than one for any ward.
who shall hold their offices till the first day of Janu-
airy, one Thousand eight hundred and ffty-fve; and
the said public school society may also, at the same
time, appoint from among their own trustees three
trustees OF common schools for each ward of said
city, in which one more of the schools of said So
ciey are now established, designating the ward for
which each person Is appointed; and the said trus-
tees so appointed shall be designated in the GER
January first eighteen hundred and fifty five, one
till January first eighteen hundred and tysix, and
one until January first eighteen hundred and fifty
seven The said appointments shall be made bya
certificate signed by the officers of said society and
filed with the clerk of the board OF education; and
the said commissioners and trustees so appointed
shall have the same rights and powers, and be sub
ject to the same liabilities and duties as other CON-
missioners and trustees of common schools in said
city, except that they need not reside in the wards
for which they are appointed. Any vacancy occur
ring in the Office of any such commissioner or trus-
tee, shall be filled in the same manner vacancies
in school Offices are now filled.
Sec, 6. As soon as the said public school society
shall have conveyed all their corporate property,
and made and flied the appointments OF commits
sioners and trustees provided for in the previous
sections OF this act, the corporate powers and ex
stence Of the said public school society shall cease,
and their schools be merged in the system of public
instruction provided by the act entitled can act to
amend consolidate and reduce to act the various
acts raiatye TO the common schools OF the city OF
New York." passed July third, eighteen hundred
and iftyODe, so as to be and remain pursuant to the
provisions Of this act. integral portion thereof,
and then and thereby the said society shall be dis
solved. and then and from theDcefOrth the common
schools in the city of New York shall be numbered
consecutiytly by the board of education.
Sec. T. The first section of the act entitled can act
to amend, consolidate and reduce to one act the
various acts relative to the common schools Of the
city of New York." passed July third, eighteen
hundred and fftyone, is hereby amended so as to
read as follows -
l. There shall be two commissioners in addi-
ton to the commissioners which the public school
society now are or may he authorized to appoint,
and after the expiration Of the term for which they
shall have been appointed, two inspectors and eight
trustees OF common schools IN each OF the wards OF
the city Of New York, who shall be known as the
school officers Of the ward At the general election
for the year one thousand eight hundred and fifty
three, there shall be elected in each az said wards
two commissioners and two inspectors OF COMMON
sShQQls who shall hold their offices for the following