The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-18
THE NEW INSURANCE DEPARTMENT.
The following s Mr.. Opdyke's act TO establish ne


The following is Mr. opdykes act to establish new
Insurance Department for the State:-
ESTABLISH AN INSURANCE. DEPARTMENT
The people of the State OF New York, represented In
seDa,e and Assembly, do enact as follows
dist net department. which shall be charged with exc
cuton Of the laws heretofore passed. that may here
matter passed. IN relation 70 insurance.
Sec. The chef officer Of said department shall be de-
nominated the Superintendent of the Insurance Depart
ment He shall be appointed by the Governor, by and
with the advice Of the Senate and shall hold his oce for
the term Of three yeare. He shall receive annual
salary Of two thousand i've hundred dollars 70 be paid
cessay clerks TO discharge such duly as be shall assign
them, whose compensation shall be paid them monthly
Ter. He fLaii appoint one OF the said clerks
70 be mis- deputy, who shall possess the powers
sns sns eos of du1Ds Vacancy Sy
such office, and during the absence inability Of his
principal Within fifteen days from the Of notice Of
bis deputy shall take and subscribe the oath Of Office pre-.
scpited by the constitution and e the in the Office
Of the Secretary Of State and the sad officers shall be in
all respects subject the provisions Of the sixth title
chapter hve of the first part Of the Revised Staues
far the may be applicable; and the said Supern
teDden Of the Insurance Department shall give TO the
people Of the state of New York bond the penalty
ten thousand doare with two suees 70 be approved Of
by the Comptroller conditioned for the faithful discharge
Of the duties Of his o,e; and the said Superintendent
shall not, either directly or indirectly be interested in
any insurance company.
Sec g. The superintendent of the Insurance Depart
mebt sha possess all the powers, perform all the duties
and be subjected to all the obligations and penalties now
conferred by law upon the Comptroller of this State or
10 which the Comptroller ia SUBJECT in relation 10 nsu.
companies and the formation thereof under the
laws relating thereto so that every power and duty there
by conferred the Comptroller SHALL from and after the
appointment Of such Superintendent be transferred TO
and conferred upon the said Superintendent.
h C.c rne hu ,sa aa, wH h n1 approvM OF
tons, for his office, description Of which, with cert-
cate OF approval by the Governor, shall be filed in the
ooe Of be Secretary of stae with impression thereof
which seal sba hereupon be and become the seal office
Of the Super OF the Insurance Department.
the same may be renewed whenever necessary Every
tlcate assignment convey executed by said Su
perDendent pursuance Of any authority conferred on
him by law, and scaled with his said seal OF Office shall
per recording Offices in the with the like
effect deed regularly acknowledged proved before An
officer authorized by law to take the proof scknowledg
ment OF DEEDS and all copies Of pspers the Office The
Superp nden certified by him and authorized By the
said SEAL shall in all cases be evidence equally and in like
the sienal impression said sea direct
ly on paper shall be as valid as made wafer or
wax.
Sec s. All books, papers and documents, securities
stocks bonds and mortgages, and all other papers what
In the Comptrollers office, and In the Office Of the
Secretary Of State relating the business Of insurance
pentepdert of the Insurance and be and re
main in his charge and custody.
Fec. 9. There shall be assigned the said superin-
tendent by the trustees o the State Hail. suitable rooms
therein for conducting the business Of said department
and the said Superintendent shall from time 10 time fur.
other proper for The o hs sd sad
business the expenses OF which shall be paid the Ger.
tcate Of the Superintendent and the warrant Of the
Comptroller.
Sec a. There shall be paid BY every company, associa.
ton perfon or persons or AGENT to whom this shall
S ns 9s
qured by law or the certified copy Of charter also now
required the sum Of thirty dollars for ning the annual
cate Of sgeDcy and copy OF statement, dollars; for
every copy Of paper died In his Office the Of ten
per olo and for afxps the seal Of said office 70 such
rnr. and An thoo doi1a
Sec g. fhe provisions Of this act shall not take effect
until the nrst day Of January next
Sec. .. All laws parts Of laws inconsistent with this
act are hereby repealed.
THE VOTE ON THE REGISTRY BILL.
From the Albany Statesman, april 14l
The Senate yesterday passed the bill 70 authorize re-
qsraon Of the voters Of the State preceding the annual
election, by the following vote:-
saSse Jo%Ssos nSsSs ESSs
rr.s.r Truman wrrnosr W. A. Wheeler ia
Kols- Mtsrs. Brandrah, Burhans Dcae,v, E7v xatner
fyca I,, y Snsn ssoS s0d" Smith, spinoa o. B. wnEIlza'
This is the nrst bill passed this session upon which the
vote Of every Senator ia recorded The Alternatives IN
cude the name Of every republican, and OF Messrs
johnson and wctmore, Americans. The negatives are
every democrat ard o. B. Whcclor American In voting
In the negative nator Wheeler does thereby record
Lis opposition TO the principles Of the bill His objections
applied TO certain Details and those objections he found
impossible 10 overcome He stated At length the reasons
which induced HIM TO vote the negative These roasons
are presented In another column, and presume are
such as viii bo satisfactory to his friends.
The bill passed by the Senate ID much moro elaborate
snsn ,ne Bill which passed the Assembly. The amend
ments tend 10 more perfect and srpaent aw Than was
sent 20 the Senate remains 10 be seen whether these
VIII be sanctioned by the Assembly n they
meet wtn favor there, the bill be signed BY the
Governor we sba feel saned that % as great an extent
wss and ust, the has complied with
nc expressed and implied In the canvass Of
Inc hou,e today eoncurred In the amendments made by