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consent of all its stockholders, or by judgment of a court for fraud in its management, or for good cause shown.
Formerly L. 1894, ch. 235, $ 5. 8 6. Power to take and convey real property. A joint-stock association, in the name of its president, as such president, may purchase, take, hold and convey such rcal property only,
1. As may be necessary for its immediate accommodation in the convenient transaction of its business.
2. As may be mortgaged to it in good faith by way of security for loans made by or moneys due to it.
3. As it may purchase at sales under judgments, decrees or mortgages held by it.
Formerly L. 1894, ch. 235, $ 6. 8 7. Changing articles of association. Any change in the articles of association of a joint-stock association not inconsistent with law may be made with the consent of all its stockholders, or otherwise, as the articles of association may provide. Unless the articles of association of a joint-stock association contain provisions to the contrary, its directors may be increased or reduced to not less than three; its capital stock may be increased or reduced; or the term of its existence may be extended, with the consent of its stockholders owning at least two-thirds of its stock issued and outstanding, on the following terms and conditions: The consent of the requisite number of stockholders must be given by vote, or by writing presented and filed, at a regular or regularly called special meeting. Notice of the time and place of such meeting, with notice of the proposed change, must be personally served on each stockholder of the association at least thirty days before the meeting, or by mailing it to such stockholder at his last-known post-office address at least sixty days before the meeting. The amount of its capital stock shall not be reduced below the amount of its paid-up capital stock, nor shall it be reduced if the liabilities of the association exceed its assets.
Formerly L. 1894, ch. 235, $ 7. $ 8. Proceeding to mortgage, lease or sell real estate. Whenever any joint-stock association is required by law to make application to the court for leave to mortgage, lease or sell its real estate, the proceeding therefor shall be had as prescribed for corporations in article four of the general corporation law.
Formerly Code Civil Procedure, $ 3390 part.
88 20, 21
Laws Repealed; When to Take Effect.
21. When to take effect. $ 20. Laws repealed. Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is hereby repealed.
Formerly L. 1894, ch. 235, $ 9. $ 21. When to take effect. This chapter shall take effect immediately. Formerly L. 1894, ch. 235, $ 10.
SCHEDULE OF Laws REPEALED. Laws of Chapter Section 1854.. 245..
All 1867.. 289...
All 1881... 599...
All 1885... 505.
All 1894.. 235...
All Code Civil Procedure..... 3390–3397, part relating to
L. 1909, Ch. 35. “An Act in relation to the administration of
justice, constituting chapter thirty of the Consolidated Laws."
(In effect February 17, 1909.)
CHAPTER 30 OF THE CONSOLIDATED LAWS
[This is a consolidation of general statutes the former location of which is
noted under each section.]
Article 1. Short title (§ 1).
2. General provisions relating to courts and judges
21. Laws repealed; when to take effect (S$ 800, 801). *So in original.
Short Title Section 1. Short title.
§ 1. Short title. This chapter shall be known as the “ Judiciary Law.”
General Provisions Relating to Courts and
3. Courts not of record.
record. 9. Change of place of holding term of court of record in
case of existence of disease. 10. Adjournment of session of term of court of record to
another place because of public calamity or want
of accommodation. 11. Changing place of holding term of court in New
York city. 12. Changing place of holding court elsewhere than in
Greater New York. 13. Opinions of certain judges of courts of record to be
furnished to miscellaneous reporter. 14. Court or judge may direct the filing of original
stenographic minutes with clerk. 15. Disqualification of judge by reason of interest or con
sanguinity. 16. Judge of court of record not disqualified because a
resident or a taxpayer. 17. Judge prohibited from practicing in his court. 18. Judge prohibited from practicing in cause which has
been before him.
General Provisions Relating to Courts and Judges.
88 2, 3
Section 19. Judge prohibited from taking fees for advice in mat
ters before him. 20. Judge must not be interested in costs. 21. Ex-officio judge must not be interested in costs or
compensation of attorneys or counsellors in his
court. 22. Judge other than of court of appeals or appellate di
vision not to decide question argued during his
absence. 23. Judge of court of record must file certificate of age
and time of expiration of term. 24. Amendment of minutes of stenographer. 25. Compensation of judges after removal. 26. Additional compensation allowed judges in Kings,
Queens and Richmond counties for services in at
tending the drawing of jurors.
30. Seals and records of former superior city courts. § 2. Courts of record. Each of the following courts of the state is a court of record :
1. The court for the trial of impeachments. 2. The court of appeals.
3. The appellate division of the supreme court in each department.
4. The supreme court.
8. The court of general sessions of the peace in and for the city and county of New York.
9. The city court of the city of New York. 10. The city court of Yonkers.
11. Such other local courts as are now constituted courts of record.
Formerly Code Civil Procedure, $ 2. § 3. Courts not of record. Each of the following courts of the state is a court not of record:
1. Courts of justices of the peace in each town, and in certain cities and villages.