New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-22
GENERAL LEGISLATION.

THE MERGING OF FIRE INSURANCE COMPANIEs-A
NEW EXCISE BILL-INsPECTIoN OF ELEVATORS.
lFRoM THE REGULAR CORRESPONDENT OF THE TRIBUNE !
ALBANY, March 21.-lnsurance laws will
surely modified in respects by the present Leg
isature There have been a OF bills relating TO
insurance introduced OF which have been received
favoraby. One of the proposed notifications was or
dered 10 third reading without opposition IN the As
seInbly day 1t bill authorizing the merging OF
fire insurance companies; introduced by Mr.. Erasus
Brooks The merging OF the companies is to be done in
this manner:
into make agreement under their respective cor
porae seals for the merging OF one Of oad
The other prescribing the terms thereof the amount OF
capital and number OF shares OF the stock into which the
In amount than the aggregate amount OF capital OF tbe
two companies and which agreement shall De suDect
70 tine of ne e the
tors shall be deemed TO be the agreement or the SAID
until The assent Of two-thrds of the stockholders own
ing twothirds OF the stock Of eac OF said companies so
writing, duly acknowledged before some officer
competent TO take acknowledgment OF deeds
And when such agreement OF the directors has been
sanctioned and approved by two-thirds of the stock
holders each OF said companies, aud owners OF two
thirds OF the stock thereof in the manner
prescribed then such agreement Of the directors shall be
deemed TO be the OF the said ana
such assent In writing duplicate thereof attached To
the said agreement shall be the evidence Of the assent OF
such stockholders.
Senator hopkins introduced excise hill OF consider
passes, will be appointed in every county except New
York BY the Court Of Sessions Iii NewYork, the com
nissoners will be appointed by the ChefJustce Of the
Superior Court the Presiding Judge OF the Court OF Com
mon Pleas and the Recorder OF the city The provisions
OF the proposed law, i'll respect TO liquor selling are more
strict than the law Of 1857. Local option
is made to apply 10 counties, instead OF TO
towns Licenses be granted only upon the written
application Of the applicant then unless the appl-
cant makes affidavit stating that no has not kno W.
Ingly violated any provisions Of the Excise Law during
the previous year; nor then unless the Excise Com
nissoneis are satisfied that he IL Of good character NO
person is have more than one license Applicants are
give bond of $500 for the faithful performance OF
their contract with the Commissioners. Selling OF
strong liquors confined to hotels as at present
No debts FOR liquor are colectabe at law nne OF $So
imposed for every violation Of the law, and the
criminal Ia TO be deemed guilty OF a misdemeaDor. Any
person selling liquor without license Is TO be punished
10 the extent No liquor is to be sold or gwen away
on Sunday Ale and beer sellers are required 10 give
bond for $500 that they will not sell any liquor
except ale and beer. The selling OF liquor TO-
drunkard is forbidden under o penalty OF 800.
The adulteratioh Of liquor is to be punished by
o fine OF $3.50 and Imprisonment for three months.
Tile bin allows licenses TO be transferred Persons selling
Liquor to husbands after being forbidden to do so by
wives are 10 be punished by q fine Of $50. Excise
moneys paid within thirty days Of their
receipt Tho fees Of the Commissioners are to be
per year Power IL given To revoke licenses. person
whose license revoked not to receve another within