and allow damages for grade, 1. In any case where the grade of any street or avenue in the Estimate city of New York has been changed to conform to the location and ance of construction of the Manhattan bridge over the East river, between change of the boroughs of New York and Brooklyn, in said city, the board authorized. of assessors of the city of New York is hereby authorized and empowered, in its discretion, to estimate and allow the damage which each owner of land fronting on such streets or avenues has sustained or will sustain by reason of said change of grade, and to make a just and equitable award of such damage to the owner or owners of said lands fronting on said street and avenue and opposite thereto and affected by said change of grade; provided, Provisos. however, that no award shall be made unless buildings or improvements have been erected upon said land or lands, prior to such change of grade and in substantial conformity with the grade established at the time of such erection, and the damages allowed, if any, shall be limited to damages, without interest, to such buildings or improvements. Provided that no damages shall be awarded in any case where a claim in writing therefor has not been filed with the board of assessors within two years from July twenty-first, nineteen hundred and eleven. § 2. This act shall take effect immediately. Chap. 578. AN ACT to ratify and legalize all proceedings of union free Became a law May 17, 1913, with the approval of the Governor. Passed, The People of the State of New York, represented in Senate Section 1. All the acts and proceedings of union free school Proceeding district number one of the town of German Flatts, Herkimer 1 Remainder of sentence formerly read:" one year from the time when this act takes effect." legalized. Bonds, denomination, interest, etc. county, had and done by its board of education, officers, agents and qualified voters, leading up to and including the special election held therein May tenth, nineteen hundred and twelve, relative to the submission and adoption of a proposition for the purchase of a site and the erection of a high school building thereon at a cost of ninety-five thousand dollars and the levying of a tax in that amount for that purpose, the advertisement for sale on January twenty-second, nineteen hundred and thirteen, of bonds of said district in the principal amount of ninety-five thousand dollars, and the award of said bonds to the highest bidder at said sale by the treasurer of the village of Ilion, are hereby ratified, legalized and confirmed, notwithstanding any defect or irregularity, or the omission of any legal requirement, in such acts and proceedings. § 2. Said bonds shall be ninety-five in number of the denomination of one thousand dollars each, numbered from one to ninetyfive, inclusive, dated January first, nineteen hundred and thirteen, bearing interest at the rate of four and one-half per centum per annum, payable semi-annually on the first days of January and July in each year; * of said bonds in order as numbered shall be payable on January first in each of the years nineteen hundred and eighteen to nineteen hundred and forty-seven, inclusive, and five of said bonds in order as numbered shall be payable January first, nineteen hundred and forty-eight, the principal and interest of said bonds being payable at the Ilion National Bank, Ilion, New York, in New York exchange. Said bonds shall be signed by the president and clerk of the board of education, and shall bear the seal of said board, and shall be countersigned by the treasurer of the village of Ilion, and upon the execution of said bonds, said village treasurer is hereby authorized to deliver said bonds, upon payment of the purchase price, pursuant to said award made January twenty-second, nineteen hundred and thirteen. Should the purchaser of said bonds at said sale fail to pay for and take up the same pursuant to teen hundred and thirteen. Should the purchaser of said bonds for sale in the manner provided in the education law. Said obligations. bonds, when delivered and paid for as above provided, shall be binding and legal obligations of said school district. Delivery authorized. Resale. Bonds binding Tax for payment. § 3. There shall be raised annually by tax on all of the taxable property in said school district a sum sufficient to pay the interest *So in original. on said bonds and the principal thereof as the same shall become actions. 4. This act shall not affect any action or proceeding now Pending pending in any court. 5. This act shall take effect immediately. Chap. 579. AN ACT to amend the general business law, in relation to Became a law May 17, 1913, with the approval of the Governor. Passed, The People of the State of New York, represented in Senate added to ch. 25. Section 1. Chapter twenty-five of the laws of nineteen hundred Art. 5a and nine, entitled "An act relating to general business, constitut- L. 1909, ing chapter twenty of the consolidated laws," is hereby amended by inserting therein a new article, to be article five-a, to read as follows: ARTICLE 5-A. SUPERVISOR OF SMALL LOANS; BUSINESS OF SMALL LOAN Section 55. Supervisor of small loans. 59. License fee; issuance of license. 59-a. Manner and place of transacting business. 59-b. General powers and duties of supervisor respecting licenses. 59-c. Loans. 59-d. Interest on loans; investigation fees. 59-e. Regulations respecting the making of loans. 59-f. Actions where brought. 59-g. Regulations respecting collection of loans. 59-h. Penalties. 59-i. False statements by borrower. 59-j. Application of article. 59-k. Limitation of usury law. § 55. Supervisor of small loans. The office of supervisor of small loans is hereby established. The supervisor of small loans shall be appointed by the governor by and with the advice and consent of the senate. His term of office shall be three years. His salary shall be five thousand dollars. He may appoint and at pleasure remove a deputy, at an annual salary of three thousand dollars, and such clerical and other assistants as may be needed, within the amount of the appropriation therefor. His office shall be deemed a bureau in the office of the state comptroller, and the state comptroller shall assign to him office space in the state comptroller's offices at Albany and New York for the conduct of the business of his office. § 56. License. Every person, firm or corporation engaged in or seeking to engage in the business of loaning money in sums of two hundred dollars or less amounts on chattel mortgage, on assignment of salary or wages, either earned or to be earned, or promissory note or confession of judgment, shall procure a license to conduct such business from the supervisor of small loans. Such license shall be issued only upon written application therefor, stating 1. The name and residence of the individual, or in case of a firm, the name and residence of each of the partners, or in case of a corporation, the names and residences of each officer and director of such corporation. 2. If the applicant be a corporation, the date and place of its incorporation, and the office or offices in which its certificate of incorporation is filed. 3. The city, town or village in which it is proposed to transact the business and the location by street and number of the office or place of business in which the business is to be conducted. $57. Bonds. A license shall not be issued under this article, unless the applicant shall file with the state comptroller a bond in the sum of three thousand dollars, if the applicant desires to engage in business in a city of the first or second class, and if elsewhere, in the sum of one thousand dollars, executed by the applicant and by a surety company approved by the supervisor of small loans, conditioned for the faithful and honest conduct of such business by the applicant, compliance with all the provisions of law relating thereto, and the prompt payment of any judgment recovered against him for which he may be liable under the provisions of this article. § 58. Issue of license. Upon the receipt of such application and the filing of such bond and the payment of the license fee as hereinafter provided, the supervisor of small loans shall issue a license for the transaction of such business by the applicant. If the applicant be a nonresident, or a partnership, at least one of the members of which does not reside within the state, or a foreign corporation, such license shall only be issued upon the filing by the applicant with the supervisor of small loans of the designation of a resident agent for the transaction of business within the state. The action of the supervisor of small loans in refusing to grant or renew such a license shall be reviewable by certiorari. After sixty days from the date this article takes effect, no person, firm or corporation shall conduct in this state the business of loaning money in sums of two hundred dollars or less on chattel mortgage, or assignment of salary or wages, either earned or to be earned, on promissory notes, or on confessions of judgment, unless such license shall have been procured and be displayed conspicuously in the place of business of such individual firm or corporation. § 5.* License fee; issuance of license. Upon making application for such license, the applicant shall pay to the state comptroller a license fee of one hundred dollars, which shall be paid into the state treasury. Upon the filing of such application and the payment of such fee, the supervisor of small loans shall issue to the applicant a license stating fully the name or names of the persons or corporation, and of every member of the firm or association authorized to do business thereunder, the location of the office of the corporation or place of business in which the business is to be conducted, and if the licensee be a corporation, the date and place of incorporation, the name of the president or other managing officer, and the name of its directors. Every license shall expire on the first day of May succeeding the date of issue thereof, and no reduction of fee shall be made for a license issued for less than a year. 859-a. Manner and place of transacting business. No person, firm, corporation or association so licensed shall transact or solicit business under any other name or at any other office or place of business than that named in the license. Not more than one office or place of business shall be maintained under the same license, and no loan or advance shall be made at any other place than So in original. Should be section 59. |