New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-21
4 BROOKLYN INDUSTRIAL ExrosIT0N.
FEATURES OF THE AMERICAN INSTITUTE REPRO
DUCED.

FEATURES OF THE AMERICAN INSTITUTE REPRO
DUCED.
The Legislative Act Incorporating the Brook
lyn Industrial Institute Company, passed TO third
reading in the Assembly Friday and will probably 90
TO the Senate where passage stated to he assured
The act names Samuel 6. Powell, Samuel Booth, William
Mayo Little, Frederick T. Hoyt, Isaac Catn, Rodney C.
Ward William W. Goodrich, Abraham j. Bauyelt, Roger
V. Bonnell, Henry 7. Chapman. Henry E. Bowen, ST.
Clair McKeway, Abram B. Baylis Franklin Woodruff,
Watson Sanford, Demas strong. George L. Hoyt John
T. Yenns Bernard Peters, Noah L. Cocheu, George IL.
Fisher j. Rider Cady, Ambrose Snow Henry W. SlOcum,
Culran Dinsmore, william c. Rogers, Samuel Barton
and Lewis stegman and their associates, successors
and assignees incorporators and states that the
capital stock shall be $4,000 to be divided into 200 shares
of $50 each 1t shall be lawful however for the Board
Of Directors by vote Of the holders OF wohrds Of the
stock to increase the stock from time 10 time 10
100000 The affairs o: the corporation shall be managed
by Board of "a directors, who shall be elected annually
by the stockholders The corpOrators authorized TO
lease purchase such real estate as may he deemed
necessary and to construct such buildings may be
needful to maintain and carry on the business Of ex
hibitng the goods and merchandise machinery aud
mechanical inventions OF every nature, such as are
usually exhibited at fairs and to award to exhibitors
the prizes, medals, and honorary distinctions deemed
proper In addition leasing stands and places In the
bindings for exhibitors the Company Is authorized TO
found a public museum and library, and 10 establish
series lectures subjects connected with science
history literature, the hue arts mechanics, and en-
gineeflng. The Corporation is empowered TO hold be-
hess gifts which may he made in Its behalf, and TO
borrow money needed for making purchases Of real
estate or the construction OF its buildings The cOrpO
rators are 70 constitute the first Board OF Directors dur
inc the first wear Of Its existence after which the
directors shall be elected annually by the stockholders
The first Board OF Directors shall have power TO elect
such officers as may deem advisable, and the persons
elected shall hold their respective offices while the hrst
BOARD of Directors exists unless vacancy is caused by
their acts. $500.
The success of the experimental Exhibition held last
Fall was great, so many manufacturers OF Kings
County and Long Island appeared 10 exhibit their wares
and such interest manifested IN the enterprise as To
induce the establishment by Legislative act OF per
nanent organization similar III many respects to the
NewYork American institute. While the fairs are to be
held only once year, the library and readlngrOOm are
10 be OPENED throughout the year, ana the lecture
season will extend through most OF the months over
COO xhbltors year avaed themselves OF the oppor
tunty 10 secure stands and the evidences Oh uuch
greater success this year already assured TDe tr
will begin on Sept 49, and close about Oct % Inc RINK
will be used in connection with the new Arory OF the
23d Regiment.