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to the Young Men's Association for Mutual Improvement in the city of Albany," as amended by chapter sixty-two of the laws of eighteen hundred and seventy-seven, chapter two hundred and thirty-six of the laws of eighteen hundred and seventy-eight, and by chapter four hundred and fifteen of the laws of eighteen hundred and ninety, is hereby amended so as to read as follows:
§ 1. The members of the Young Men's Association for Mutual corespo Improvement in the city of Albany, and all persons who shall hereafter be associated with them, are hereby created a body corporate, by the name of “The Young Men's Association for Corporate Mutual Improvement in the city of Albany,” for the purpose of objects. -establishing and maintaining, in the city of Albany, a free public library and free branch public libraries, reading rooms literary and scientific lectures and other means of promoting moral and intellectual improvement among men and women, with power, for such purposes, to take by gift, purchase, devise or otherwise, and to hold, grant, lease or mortgage the real azd personal property of said corporation, and to be subject to the provisions of chapter one hundred and ninety-one of the laws of eighteen hun. dred and eighty-nine, and to erect, maintain and furnish proper buildings for their accommodation; and also, further, to take, hold and convey all such books, cabinets, library furniture and apparatus as may be necessary for attaining the objects and carrying into effect the purposes of said corporation.
§ 2. The membership of the Young Men's Association Memberfor Mutual Improvement in the city of Albany shall consist of all persons who have contributed, or may hereafter contribute to the permanent fund hereinafter mentioned, or to aid in the purchase of real estate, or in the payment of any debt incurred in connection with the purchase or maintenance of real estate by said Young Men's Association the sum of fifty dollars or more. All such persons contributing the sum of one thousand dollars Classificashall be known as founders; those contributing the sum of five privileges. hundred dollars as patrons; those contributing fifty dollars as life members. All founders, patrons and life members shall be entitled to all the privileges and advantages afforded by the libraries, reading-rooms, and the use of all books, papers and periodicals therein contained, and also admission to all lectures and literary entertainments given under the direction or auspices of the said association and further shall be entitled to a vote in perpetuity in the selection of all officers and trustees
Sustaining of said Young Men's Association hereafter to be chosen. In lar mem- addition to the classification of members above stated there shall
be those known as sustaining members who contribute to the maintenance of the libraries and reading-rooms maintained and conducted by the Young Men's Association, annually twenty-five dollars, and regular members those who contribute for the like purposes, annually the sum of five dollars. The sustaining and regular members shall be entitled to all the privileges and advantages of the libraries and reading-rooms and shall also be entitled to a vote in the selection of officers and trustees of said association.
§ 3. The control of the funds, real and personal property, and trustees.
estate, and the directions, maintenance and management of all the concerns of the Young Men's Association for Mutual Improvement in the city of Albany, shall be exclusively vested in a board of twelve trustees who shall be known as the “ Board of Trustees of the Young Men's Association for Mutual Improvement in the City of Albany” who shall be selected and organized in the following manner: Maurice E. Viele, Amasa J. Parker, William P. Rudd, Oren E. Wilson, Charles J. Buchanan, John L. Newman, William J. Milne and John Bowe, all residents of the city of Albany, state of New York, shall be members of said board of trustees, and in addition to said above named, the superintendent of schools in the city of Albany shall be ex officio a member of said board, and there shall also be elected from the membership of said association by the members thereof, three trustees who are residents of the city of Albany to serve respectively, one, two and three years. It is provided, however, that upon the death, resignation or removal of any two of said board of trustees first herein before named that no election to fill such vacancies shall be had, it being the inter
tion that thereafter the whole number of trustees constituting the Vacancies. said board shall be ten. Vacancies occurring in said board of
trustees, other than the vacancies referred to in this section, shall be filled by the selection of a trustee by the board of trustees, who shall serve until his successor is elected, at the next annual election as herein provided, by the members of said association. The present officers, trustees and managers of said association shall continue in office and exercise their functions as such until the
election and qualification of the board of trustees herein provided Election of for. The first election of the three trustees above mentioned shall be held on the first Tuesday of May, eighteen hundred and ninetynine, at such place, between such hours, and after such notice as may be determined, after the passage of this act by the execiltive committee of said association. An election shall take place on the first Tuesday in May in each year thereafter for the selection of a trustee, or for the filling of any vacancy which may occur in the said board as hereinafter provided. No person shall be qualified to vote at any election for trustee unless upon the production of a certificate of membership dated at least five days before the day of such election and unless it appears upon the register of the association that such certificate of membership was issued and entered upon the day it bears date. The register of membership of the said association shall be open for public ex. amination at all times in the library room of said association during the thirty days preceding the annual election for truste. The said board of trustees after the election of the three trustees Officers of hereinbefore provided for shall elect from among its number a corp rapresident, vice-president and secretary and treasurer, who shall respectively be the president, vice-president and secretary and treasurer, not only of the said board of trustees of said association, but also of the corporation herein created known as the Young Men's Association for Mutual Improvement in the city of Albany, and who shall serve for one year each as such or until their successors are elected and such board of trustees may also further appoint and employ such other officers, agents and servants as the proper execution of the trust vested in such board miy require, and may remove the same at pleasure. In case of a Vacancies. vacancy occurring in the office of trustee in the board of trusteg hereby created, by death, resignation, removal from the county of Albany, or otherwise, such vacancy shall be filled at the next annual election thereafter appointed as hereinbefore provided for the election of a trustee. The said board of trustees shall have Powers of power to collect and receive all moneys that have beon or may hereafter be contributed for the purchase of real estate and personal property, and to apply the same towards such purchase, and also to mortgage any real estate to said association belong. ing, and to issue bonds in such amounts, and payable at such times as the said board of trustees may deem proper, secured by such mortgage; also in its discretion to grant the free use and occupation for such term as it may deem proper, of any room. hall or apartment in any building, which has or may hereaftir
be erected upon the lands of such association, to any society organized for the encouragement of science, art or literature, or for such other purposes as to the board of trustees may seem most advantageous to the interests and prosperity of the said association. Also, in their discretion to rent for the use of such association any building, premises or rooms in the city of Albany at such rental and subject to such conditions as they may deem most advantageous to the interests of said association.
§ 4. All invested funds and securities now in the hands and under the control of the board of trustees of the Young Men's Association for Mutual Improvement in the city of Albany shall hereafter be under the control and management of the board of trustees provided for in this act, and shall be known as the permanent fund of such association. All moneys and property of every kind now in the hands and under the control of the board of trustees of the Young Men's Association for Mutual Improvement in the city of Albany, and of the present officers and executive committee of said association, shall hereafter be under the control and management of the board of trustees hereby created. All moneys hereafter received by the board of trustees of said association from those desiring to become founders or patrons and for life memberships, and all moneys contributed or bequeathed to the said association shall be added to said permanent fund and shall be under the control and management of said board of trustees, and shall be applied as hereinafter stated, namely: The principal of said fund may in the discretion of said board of trustees be applied to the purchase, rental or improve. ment of real estate for the use and benefit of said association. The interest and income from such real estate or from said permanent fund shall be applied as follows: First, to the payment of the interest of any debt which the association may owe for or on account of real estate owned or held for its benefit; second, to the payment of any annual rent payable by said association, or in its belials; third, to the payment of such portion of the principal of the debt herein mentioned as may be necessary or obligatory on said association, or as may be determined by said board of trustees; fourth, the remainder shall be paid for the promotion of the objects for which the said association is organized and in such a manner as may be determined by a vote of the board of trustees. It shall be lawful for the said board of trustees to provide a sinking fund for the extinguishment of any
Principal and interest, how applied.
and inter boar
debt incurred by the said trustees for the benefit of the association.
§ 5. Except as in this act provided the permanent fund of the Fund for said association shall be held in trust by said board of trustees debts. for the use and benefit of said association and shall not be in any manner liable for the debts contracted by said association, either for the current expenses thereof or otherwise.
§ 6. The estate, property and funds of the Young Men's A830. Estate ciation for Mutual Improvement in the city of Albany shall be der devoted to the general objects and purposes of the corporation, as specified in the first section of this act, except as herein specially prescribed.
§ 7. The said board of trustees shall possess the power to adopt Bylaws by-laws and rules and regulations for the full and complete management of the library and reading rooms maintained by said . association and for carrying out in every detail the purposes and objects of the association.
$ 8. The said association shall possess all the powers and be gewers and subject to the provisions and liabilities of chapter eighteen of part first of the revised statutes, except as hereinbefore provided. and to the provisions of the university law.
§ 2. All former acts relating to the Young Men's Association Repeal. for Mutual Improvement in the city of Albany are hereby rc. pealed.
$ 3. This act shall take effect immediately.
laws of eighteen hundred and eighty-seven, entitled "An act to
incorporate the Chittenango Falls Park Association.” Became a law March 10, 1899, with the approval of the Governor. Passed,
three-fifths being present. The People of the State of New York, represented in Sencte and Assembly, do enact as follows:
Section 1. Section four of chapter three hundred and twenty. Act six of the laws of eighteen hundred and eighty-seven, entitled “An act to incorporate the Chittenango Falls Park Association,” is hereby amended so as to read as follows: