or according to the amount insured, as may be provided in the by-laws, sufficient to pay such loss. If it is deemed to be for the best interest of the corporation, such corporation may estimate the amount necessary to pay all losses and expenses for the cur rent year and to supply any deficiency in the preceding year, and assess and collect the same from the members of the corporation. Each assessment shall be made pro rata upon all the property at the time insured, according to its classification or according to the amount insured. The expense and cost of collection of assessments may be regulated by the by-laws. § 2. This act shall take effect immediately. L. 1897, ch. 378, § 196, as re-enacted Chap. 304. AN ACT to amend the Greater New York charter, in relation to the deposit of public moneys of the city of New York. Became a law June 12, The People of the 1911, with the approval of the Governor. Passe three-fifths being present. Accepted by the City. State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section one hundred and ninety-six of the Greater New York charter, as re-enacted by chapter four hundred and by L. 1901, sixty-six of the laws of nineteen hundred and one, as amended by and chapter three hundred and forty-three of the laws of nineteen hunby L. 1904, dred and four, is hereby further amended so as to read as follows: ch. 466, amended ch. 343, amended. Deposi tories of public moneys; manner of deposits. 196. The said chamberlain and mayor and comptroller shall. by a majority vote, by written notice to the comptroller designate the banks or trust companies, in which all moneys of the city designation, of New York shall be deposited, and may, by like notice in writing, from time to time, change the banks and trust companies Interest on thus designated; but no such bank or trust company shall be designated unless its various officers shall agree to pay into the city treasury interest on the daily balances at a rate to be fixed by the mayor and chamberlain and the said comptroller of the city of New York, by a majority vote, which rate shall be so fixed quarterly, on the first days of February, May, August and Novem2 Following sentence new. to give deposit with ber in each year, according to the current rate of interest upon. like balances deposited in banks and trust companies in the city of New York by private persons or corporations. 'Banks or trust Depository companies designated for the deposit of city moneys under the bond and provisions of this section shall, before deposits are made, securities other than such as are of a temporary character and specifically comptroller relate to the current business of the city, severally execute and file with the chamberlain, a bond to the city of New York in such form and in such amount as may be prescribed and approved by the chamberlain and comptroller for the safe-keeping and prompt payment of such moneys on legal demand therefor with interest at the rate agreed upon and, as surety for such bond, shall deposit with the comptroller outstanding unmatured bonds, corporate stock, revenue bonds, assessment bonds or other obligations issued by the city of New York, the value of which at existing prices on the open market shall be equal to the estimated amount of the proposed deposit, for which the chamberlain and comptroller shall deliver a certificate of deposit containing the conditions of said surety bond. 1On the withdrawal of all or a part of the funds deposited in any depository and a closing or depleting of the account thereof, or in the event of the deposit actually made being less than the estimated amount of such deposit, the chamberlain and comptroller shall certify to such settlement or depletion or difference and direct the surrender of the whole or a proportionate share of such deposit to the owner or owners thereof. The said chamberlain Books to shall keep books showing the receipts of moneys from all sources, chamberand designating the sources of same, and also showing the amounts paid from time to time on account of the several appropriations, and no warrants shall be paid on account of any appropriation after the amount authorized to be raised for that specific purpose shall have been expended. The said chamberlain shall once in Reports of each week report in writing to the mayor and to the comptroller all lain. moneys received by him, the amount of all warrants paid by him since his last report, and the amount remaining to the credit of the city. The chamberlain shall receive the sum of twelve thou- salary. sand dollars annually, and no more, for his services as chamberlain of said city and as county treasurer of the county of New York in lieu of all salary and of all interest, fees, commissions and emoluments; and all such interest, fees, commissions and 1 Following sentence new. be kept by lain. chamber Deputies and other assistants. Warrant clerk. emoluments shall be accounted for and paid over by him to the city treasury, except that the commissions or compensation provided by law, and received by him for receiving and paying over state taxes, and all interest which accrues on deposits shall be paid by him to the commissioners of the sinking fund. He may appoint and remove at pleasure deputy chamberlains, and such clerks and assistants as may be necessary whose salaries, together with all the expenses of the office, shall be paid by the city of New York when fixed by the board of aldermen on the recommendation of the board of estimate and apportionment. The chamberlain shall also have power to designate in writing one of said clerks to act as warrant clerk, whose duty it shall be to sign warrants and to perform such other duties as may be required of him, under the direction of the chamberlain. § 2. This act shall take effect immediately. Chap. 305. AN ACT to amend the state charities law, in relation to purchases. Became a law June 12, 1911, with the approval of the Governor. Passed, three-fifths being present. The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Section forty-eight of chapter fifty-seven of the laws of nineteen hundred and nine, entitled "An act relating to state charities, constituting chapter fifty-five of the consolidated laws," as amended by chapter one hundred and forty-nine of the laws of nineteen hundred and nine, is hereby amended to read as follows: § 48. Purchases. All purchases for the use of the state institutions reporting to the fiscal supervisor shall be made for cash or on credit or time not exceeding thirty days; every voucher shall be duly filled up, and with every abstract of vouchers paid there shall be proof on oath that the voucher was properly filled up and the money paid. The board of managers or trustees shall make all needful rules and regulations to enforce the provisions of this 2 Formerly read: "assistance." section. The fiscal supervisor, a member or officer of the state board of charities or manager or officer of any such institution, shall not be interested, directly or indirectly, in the furnishing of materials, labor or supplies for the use of any such institutions. nor shall any manager or trustee act as attorney or counsel for the board of managers or trustees thereof. The boards of managers or trustees or other board or officer performing similar functions in the institutions reporting to the fiscal supervisor may be authorized by the fiscal supervisor to purchase by contract such supplies not included under joint contract as it may be found desirable to purchase for the use of any such institution. Such contracts shall be executed by the superintendent of such institution under the direction of the board of managers or trustees or other board or officer performing similar functions, as the case may be, and subject to the approval of the fiscal supervisor. Such contracts shall be let in conformity with the provisions of this article in relation to estimates and shall be awarded to the lowest responsible bidder. All goods for the use of such institutions, except those furnished pursuant to law by some other institution of the state, shall be bought, as far as practicable, of manufacturers or their immediate agents. All contracts, if let, shall, subject to the provisions of this article relating to estimates, be awarded to the lowest responsible bidder. Each of such institutions may manufacture such supplies and materials to be used in the institution as can be economically made therein. Between the first day of July and the thirtieth day of September in each year the fiscal supervisor shall call the superintendents of the state institutions reporting to the fiscal supervisor to meet at his office in Albany. The fiscal supervisor shall notify the president of the board of managers or trustees of each state institution reporting to the fiscal supervisor at least ten days in advance of such meeting of the superintendents, and each such president may designate a member of the board of managers or trustees of which he is president to attend such meeting as a representative of such boards. The necessary traveling expenses of a manager or trustee in attendance upon such meeting shall be paid in the same manner as the traveling expenses of managers or trustees when in attendance upon meetings of boards of managers or trustees. The superintendents and managers or 1 Following sentence new. 2 Following sentence formerly read: "Such contracts shall not be let except in conformity with the provisions of this chapter in relation to estimates." trustees present at such meetings shall consider and determine, subject to the power granted to the fiscal supervisor in section forty-five of this article the following matters: 1. Which articles of supplies it is practicable to purchase for all the state institutions reporting to the fiscal supervisor or any of them, by joint contracts. 2. The specifications for articles of supplies to be purchased by joint contract. 3. The provisions of the contracts under which articles of supplies are to be purchased jointly. At such meetings of the superintendents and managers or trustees there shall be designated by those present a purchasing committee, to consist of not more than six superintendents, who shall serve as such purchasing committee until the next annual meeting of the superintendents and managers or trustees. Such meeting of superintendents and managers or trustees may refer to such purchasing committee any matters which might be considered and determined by such meeting of superintendents and managers or trustees. Such purchasing committee shall meet whenever so requested by the fiscal supervisor, and shall possess the same powers as the annual meeting of superintendents and managers or trustees provided for in this section. Such purchasing committee may appoint a secretary who is also a stenographer and may also consider proposals and make awards under joint contracts for the purchase of staple articles of supplies for any or all of the state institutions reporting to the fiscal supervisor, and shall appoint a committee of two to execute joint contracts in accordance with such awards, subject to the approval of the fiscal supervisor. All powers conferred in this section upon the annual meeting of superintendents and managers or trustees, and upon the purchasing committee, shall be exercised subject to the powers now possessed by, or hereafter conferred upon the fiscal supervisor of state charities. § 2. This act shall take effect immediately. • As amended by L. 1909, ch. 149, and L. 1911, ch. 9. |