The New York herald., 1922-03-18
san Biils Passed.

During the afternoon session and n
fore the Rules Committee began n
final session the Assembly passed NJ
OF the Lockwood committees blln
They now 20 20 the Governor Thes
six measures are.
J. Permitting life insurance COM
panies 20 invest 70 per cent. ~ their
assets IN the erection of buildings
for dwelling purposes. This II an
tended primarily 20 enable the Met
ropolitan Life Insurance Company
to invest $4,000. .coe In model tene-
rnents. the rental for which win not
exceed 80 a room.
:. Extending the. emergency rent
laws for New York until February
Is. 1885, This viii prevent q whole
sale raising OF rents In New York
at the expiration OF the present
period for which the emergency
laws were enacted.
3 Extending the tax exemption
building law In New York city until
April I. 1923. Under this extension
all dwellings started before the date
mentioned will be exempt from tax
alton for nine years.
4 Returning jury fees 10 tenants
where their cases are not tried. At
present WHrn lAc ttuAuko oA an
apartment pool their interests
against the landlord and rent dis
putes are taken into court the land
lord oftentimes surrenders after
losing the first case. At present
the tenants whose cases are not
tried do not have Jury ana witness
fees returned to them.
8. Creating new defenses in rent
actions and requiring the landlord
to give thirty days notice OF an in
crease. This bill requires the land
lord to accept three months rent In
monthly installments on the days
when the rent is due in order to fix
permanently the rent to be paid.
At present landlords get around the
law by demanding three months
rent in lump sum. Assessed vaiu-
\ alton Of the property is made the
basis in figuring reasonableness or
rent charges.
s. Authorizing New York city
through the Board of Estimate to
take over the city contracts as a
subcontractor when the principal
contractor abandons the work.
Bills Killed in Assembly.
Three bills were killed by the Az
sembly when motions were made to dis
charge the committee. The vote was s
to discharge and 73 against. These bill
are:
/. Taking away from the Superin-
tendent of Insurance power to ex-
tend after 1925. the time. within
which life insurance companies may
dispose of their stocks. A bill
slipped through the Legislature last
year gave the Superintendent OF In
surance this broad discretion.
2. Compelling life Insurance COM
panies to divest themselves of cor
porate bonds This is one OF the
bills fought bitterly by insurance
interests and passed by the Senate
only two days ago along with the
bin above named s,,-
3. Compelling the savings banks to
invest so per cent of their future
investable moneys in mortgages on
improved, unincumbered real estate
until they shall have reached a max
imum Of 40 per cent. Of their entire
assets. t.t.s .saE
No effort was made to-day to rescu
from the Senate Cities Committee tn
bills giving to public prosecutors au
thority to appeal from dismissal Of in
dictments without trial and compelling
courts to impose prison sentences o
not less than three months for violation
OF the Donnelly antitrust law. Senate
Lockwood conceded these bills wer
dead when the Senate refused yesterda,
to order their report.
The Senate passed and sent TO tn
Governor one minor Lockwood bill re
lating to modification of the writ o
assistance in foreclosure proceedings.
Shortest Session In Forty Years.
The session was the shortest in fort
years. Its affairs were conducted in a
open. orderly manner. The early ad
jourrment was made possible becaus
there was not the usual long delay a
the start in getting down to business
Tho high spots in the session are these
Passage of a real home rule amend
m ant to the constitution, giving citie
control of local affairs: enactment 9
Gov. Miller's program as demanded !
his message when the Legislature cor
vened last January: strengthening tn
New York city transit act: making
large appropriation for disabled so