New-York tribune., 1878-04-04
RuIs rNTRoDUCED AND PASSED.

RIII.S INTRODUCED AND PASSED.
.urxnNrpxr ro ruF CHARTER OF THE CHAMBER
oy coMNrRcE-PRoTECrIo FOR INSURANCE
PotIcY-HoLDKRs-rAxtrI OF MoRIGA6ED
EEAB EsTATE.
fyPoM rHE REGULAR CORRESPONDENT OF THE IFlSoNh''
ALBANY, April 3.--George ILL.,, " by the grace
n, GOD King of Great Britain France and ireland' De
fender Of the Faith" IN the year l71O grantea cai'
., certain merchants OF the Province of Newfork VINO
desired 10 form a Chamber Of Commerce. The openhns
vd NJ ts charter are quantity expressed as TO DC
worth quoting: l,. -,
Ubersas great number OF merchants in our CITY OF
rxv work. ia America have by voluntary agreement hs'
soeated mseyos for the lauda6e purposes OF pro
noting the trade and commerce OF cur sAd Province
whereas, John CqEer. ESQ, the present num,ie pres
iden, OF the s"d IN bebSf of the said society
90 our trustworthy ana Wei, ~el,9eaoFcu 9,.snor and
ysadST God9 Sst c o. our %T' sad Province Of NcwYok
and the territories depending theteDn ~ netV, nc
and read osiS ~ SST Say Of February last past both
represented u said ieutcnant-SOFernoi IVA, tnV
said society tsensibe that numberless ne-tnhpe %
hts have accrued tc mankind rom cO1heICo' Vi.
are IA proportion their greater or lesser alplcaoh
maj the enlargement Of trade Will vastly increase
the value OF real estate, as wen as ,e ,r fr
some time past In order 10 carry INTO execution anVa
themselves ana by thcif example 10 piphlo'c in
others such measures a. were oen,ical 70 'lc1, ,
try purposes and that the said society having WIN kcd
nieasure ana satisfaction experienced the Goou stcIs
which -.
dnced were very desirOus OF rendering theh
more extensively useful and permanent and more
Institution ana therefore the petitioner IN behalf OF
said society most humhy PRAYED our sain Lieu'edn d t
governor 10 incorporate them IN body pOiitic ana 70
invest them with such powers ana auho,iis a. 'sna @
be thought most conducive to answer ana pIoooT @ onr
commercial aud consequently the landed interests Oh our
said growing colony
The charter Is then formally granted, and the assoca-
ton Is named The Corporation OF the Chamber OF Com
merce IN the Cty Of New-York in America The
CORPORATION among other powers Is granted the right
10 buy real estate Provided always the clear yearly
y,lne Of the said real estate doth not at any
time exceed the sum OF 5000 sterling lawful money of
oor Kingdom Of Great Britain" Under this charter
OF 1910 the Chamber Of Commerce has acted
b. this day. 10 having been merely retnaeted ny
the first Legislature % tile state OF New-NorE
in l7sl 4 few uuimpOrant notifications OF the
charter have since been made. The Limitation OF tue
society 10 owning property under $4,000 IN value has
at last. however. grown burdcusome. II has become
rich and powerful a huudred-!od beyond its con
ditlon IN 177O. Tho society desires to erect
q building for us own use. and through Mr..
Erastus Brooks presented TO the Legislature hill
modifying IT. charter for this purpose The society
purposes it l. asserted 20 erect costly building on
the site OF the cid Post Office at Nassau and
Iabertysts. New-York city. owned by The United
States Under the bill the corporation will be- per iied
take aud receive from the United states Of America,
or FROM any corporation, from any person or persons
ANY personal estate also e take by devise or pu
chase any real or personal estate FOR the purposes Of said
corporation and 20 convey, lease OF mortgage
the same or any part thereof. the net an
nual inrome of which real estate shall not
exceed 800 900" The b then goes to say that It
shall lawful for the said corporation 20 elect from
among It's members at its first meeting called for the
purpose. after the passage Of this act SIX trust
ees. who. with the president Of said corporation.
shall constitute board and have The charge and control
Ion auA fVgfEf a.
said first election shall be classified that two Of them
shall De elected or yeas two Of them for two year
end Of them for three years. and NJ each annual cleo
ton after the first two trustees shall be elected to fill the
e,ass Of those whose terms expire.
One political bullet aimed ~ heart OF superintend-
ent smyth Of the Insurance Department having missed
its aim Mr. Erastus Brooks now files another lie in-
trodnecd the following resolution to-day:
Rcsolrci. That ths Committee on insurance examine
and report 90 the House whether any amendment is re-
holders in life and fire insurance eonpanics or
% secure more ClH1rut. economical ana honest
companies chartered by the state, or doing business in
The State aud now under The supervision OF the lnsuE
ancc Department
Mr. Fish introduced bil having for its Object the
compensation Of referees to whom referred charges
which may DE brought against members OF the bar for
misconduct There j. az present no provision whereby
referee n such proceedings can be compensated Mr.
Ecrgens bill conforring power over the docks on the
Brooklyn water ifpll 10 lbe C4l9 huthoIibt0
was reported unfavOIablv by the Assembly Committee
on Citea. Tie Committee Joint Library reported
fayOraby upon a resolution offered by Mr. Brooks for
the purchase u the letters aud historical documents Of
Ex-Governor Daniel u. Tompkns Of this State,
with the provision tnat not over $1,000 should
De spent IN their purchase. The Assembly Committee
on Cities reported avOrably Senator Wagsars bill for
payment Of unpaid taxes at the rate OF per cent pen
atty instead OF II pcl cent.
Mr.. Hamilton Fsh, IT,. as chairman OF the com
mittee. again reported fayorably to the Assembly
to-day Mr. Days bill for the election OF Con
troller in Now-York City. Mr.. Brooks aud Mr. Hoahan
drawn ND hy the Council Of Political Reform providing
CTty The man point OF he bill is that the MdyOr and
the Police Commissioners are authorized 20 make n
contract with one or several persons Tor cleaning the
streets.
Senator wagstan rentroduced to-day in the Senate the
bill presented 10 last Legislature by Senator Gerard,
which had been drawn up by committee Of the Ameri-
can Society OF Architects providing for strcter build
ares.
An important bin in relation to taxation Of mort
cages introduced by senator Sessions passed by
the Senate to-day. Below Is copy
SECTION l. Any person owning real estate on which
there Is "a lien by mortgage, which the owner OF said
real estate Is la1le TO pay snam LaYe nave 's % amount UNI OF
tate whenever any assessment is made on said real es-
tate. -, ,
shall oyerstate the amount of said en with intent TO
deceive the person assessing the same ne snail De guilty
OF misdemeanor, and be liable 10 hne or imprisonment,
or both. ,
sEc g. The assessors at the time OF making their
Assessment shall ascertain the value and assess al mort
cages on real estate a separate column provided for
that purpose the person owning the same and the
tax on the shall not be paid within thrtY DAYS
after the roll shall have been put into the cOectors
hands, collector shalt collect the same from the per.
owning the real estate ana te said "a aA 80 pu m s
be deducted from tine interest or principal OF sara mort
gage when the same snail become due ana payable
SIC 4. Any person owning said mortgage thus az,
gessed. and residing this state shall nave the sld
mortgage assessed deducted from the amount OF Lis
psrsonl property assessed at his place or residence
pon furnishing the asseesOts where ne re-
sides sworn statement of the assessor or assessors
where the land situated and the mortgage Is assessed,
that the said mortgages has been assessed by them a1d
the amount OF such assessment
SIC s. Il shall be lawful for the parties 10 any mort
nra descrhed the nr. secllnn OF THIS act % make