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1792 261 (1792)

handle is hein.ssl/ssny0380 and id is 1 raw text is: LAWS
OF TIIE
STATE OF NEW-YORK,
PASSED AT THE
FIFTEENTH SESSION OF THE LEGISLATURE.
CHAP. 1.
AN ACT to authorize the treasurer to subscribe to the bank of
New York.
PASSED tile 12th of January, 1792.
WHEREAS by the act entitled An act to incorporate the stockholders Preamble.
of the bank of New York  it is enacted, that this State shall have a
right to subscribe any number of shares to the said bank, not exceed-
ing, in the whole, the number of one hundred, at any time when they
shall by law authorize any person or persons for that purpose, and the
State shall have a right to increase the number of shares and stock
which the said corporation may hold to the amount of the sim to be
subscribed, if the number of shares therein limited shall be subscribed
before such subscription shall take place on the part of the State. And
whereas the number of shares limited to the said corporation have been
already subscribed, and it is conceived proper, that this State should
subscribe one hundred shares to the said bank. Therefore
Be it enacted by the People of the State of .Aew York, represented in Treasurer
Senate and Assembly, and it is hereby enacted by the authority of the same, to sub-
scrill for
That it shall and may be lawful to and for- tie treasurer of this State, 100 mhares
of Bank of
and he is hereby authorized and directed, to subscribe as soon as con- New York.
veniently may be, for and in behalf of this State, one hundred shares
to, the said bank, and to pay for the same out of any monies in the
treasury not otherwise appropriated.
And be it further enacted b9, the authority aforesaid, That it shall and Treasurer
may be lawful to and for the treasurer of this State for the time being to a  or
from time to time to vote for directors of the said bank, for and in respect to
respect to the said one hundred shares for and in behalf of this State, bank.

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