The New York herald., 1870-02-24
UNCLAIMED MONEYS.
A New Way 10 Pay the 80,

A New Way 10 Pay the state Debt.
The following bill, which Is now before the Iegls-
lature OF this State, VIII cause nutter among the
financial institutions ana call their presidents the
capital when 1t comes up Ior final action. 1t is
entitled
AN ACT TO PROVIDE FOR THE PAYMENT or CERTAIN
MONEYS INTO THE TREASURY.
The people OF the State of New YORK, represented
In Senate and Assembly. do enact as foilows:-
SECTION /. All individuals associations or corDOr-
tions doing business under any general special law
OF this State shall advertise In the State paper and
also IN the newspaper having the largest circulation
IN the CITY or county where their Aforesaid business
Is transacted IN the month OF June OF the present
year, fun aud sworn statement Of all MONEYS divi.
dends remainders and deposits which have renamed
IN their custody and possession uncalled for The
statement shall contain the names OF the several
persons entitled 10 the possession or suci moneys
dividends, remainders and deposits. together with
tneir respective places OF residence when known the
amount OF such moneys, dividends. nders and
deposits belonging 10 each person, the time when
the dividends were made and the amount OF stock
on Wnicn the said dviuends were declared, and the
date OF the remanders and deposits as aforesaid.
The said Individuals associations ana corporations
shall henceiorth IN the month OF September, In each
year advertise as aforesaid full and sworn state
ment, IN detail ~ Aforesaid, OF all moneys, divi-
dends, remalnders and deposits which have
remained in their custody and POSSESSION uncalled
for during the previous two years.
SEC 2 The persons owning or entitled To the pos
session Of sucn moneys, dividends, rcmainders and
deposits thus advertised directed TO advertised
shail give notice TO the individuals associations or
corporations holding the same IN custody as afcre-
ary and signify what disposition they desire shall
be made OF the same with which desire ana notice
the said individuals, associations and corporations
shall severaly comply In case that the persons
owning or entitled TO the possession Of such moneys
dividends, remanders and deposits, or any Of them,
snail omlt TO give such notice within the time speci-
lied, then the Treasurer OF the State shall REQUIRE OF
all Suc individuals ASSOCIATIONS and corporations as
aforesaid 10 pay over 10 him without delay all sucn
moneys, dividends, remanders ana deposits con-
cernlng when no notice has been received, and he
shall hold the same subject TO the call demand OF
the owners or persons entitled TO the possession as
aforesaid. liz shall be the duty OF the treasurer also
10 lncludc the statement OF such moneys IN his an
nual report TO the Legislature, and the Legislature
may IN It's discrciion apply che said moneys not
called FOR Tor educational purposes or IN liquidation
OF the public Indebtedness.
SIC 8. Al banks and banking associations having
been established under the laws OF TINS state and
since become national banks, shall advertise us
Aforesaid IN June next all such moneys, diviuends,
remanders and deposits held by them as aforesaid
when they became such national banks. and shall
pay over the same TO the treasurer as Is here
quired OF other individuals, ASSOCIATIONS aud cor
porutlons specified IN TINS act.
SEC. !. In case that any individuals associations
corporations or national bank, as Aforesaid, shall
neglect or refuse to comply with either oi The
gursnents or this act, sucn individual, association
or corporation, or national DaDk shall iOrleL the
sum or $4,000 Tor every such neglect refusal: and
II shall be the duty of the Attorney General, with
out delay, 10 Institute suit ana recover the said
penalty and the MONEYS, dividends, remainders ana
deposits wDlch may not have beea PAID 10 tile trea
surer as required by this act.
SEC 8. This act shall take effect Immediately.