Annual report : 1930 / Society of the Lying-in Hospital of the City of New York.
- Society for the Lying-In Hospital
- Date:
- 1930
Licence: Public Domain Mark
Credit: Annual report : 1930 / Society of the Lying-in Hospital of the City of New York. Source: Wellcome Collection.
56/78 page 50
![shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts previously contracted in the course of its business, or purchased at sales, on judgment which shall have been obtained for such debts; and with regard to all such lands, tenements and hereditaments so to be held by the said corporation as aforesaid, except such as may be for its immediate accommodation as aforesaid, or such as it may hold by way of mortgage, and whereof the actual posses¬ sion shall be and remain in the mortgagors, their heirs or assigns, the said corporation shall be bound to sell and dispose of the same respectively within five years after it shall acquire the same, and shall not be capable of holding the same after the expiration of the said five years. And be it further enacted. That all persons who now are members of the said institution, or shall at any time hereafter subscribe to the same shall be deemed and taken for members of this corporation, and that the property and concerns of the said corporation shall be managed and conducted by thirteen governors, to be chosen by ballot, by and from the said subscribers; that the following persons (that is to say) Thomas Pearsall, John Christopher Kunze, Robert Lenox, Cornelius Ray, Archi¬ bald Gracie, John Stark Robertson, Henry Remsen, William Houstoun, Andrew Hamersly, John Charlton, David M. Clarkson, William Jauncey, J. C. Vanden Heuvel, shall be the present governors of the said corpora¬ tion, and shall continue in office until the second Wednesday in April, in the year one thousand and eight hundred, when a new election shall be made at the hour and place, to be appointed by the said governors; that the election for governors after the year one thousand and eight hundred, shall be held annually on the second Wednesday of April, at such place and hour as the majority of the governors for the time being shall appoint, of which election, public notice shall be given by the said governors for the space of one week, in two of the daily newspapers, printed in the said City. That if any vacancy shall happen among the said governors (so elected) by death, resignation or removal, such vacancy shall be filled by a special election for the purpose, to be held in the same manner as the annual elections are made and at such time and place as shall be provided for by the by-laws of the said corporation, and in case it should happen that an election of governors should not be held on any day when pursuant to this act it ought to have been made, the corporation shall not for that cause be deemed to be dissolved; but it shall and may be lawful, on any other day, to hold an election of govern¬ ors in such manner as the by-laws of the said corporation shall prescribe. And be it further enacted. That the governors shall not take or receive any compensation for their services; and for the time being shall have power, to make and prescribe such by-laws, rules and regulations, as to them shall appear needful and proper touching the management and disposition of the stock, property, estates and effects, of the said corpora- [50]](https://iiif.wellcomecollection.org/image/b31710955_0056.jp2/full/800%2C/0/default.jpg)
