Act Permitting Conveyance and Transfer of the

Property of Library Corporations in the
City of New York to The New York
Public Library, Astor, Lenor and Tilden
Foundations.

ACT to permit library corporations in the city of
New York to convey their property to the New
York public library, Astor, Lenox and Tilden
foundations.

PASSED 6 MARCH 1901.
LAWS OF 1901, CHAPTER 57.

People of the State of New York, represented in Senate and
Assembly, do enact as follows:

ction i. Any corporation now or hereafter organized under
aws of the state of New York and maintaining or carrying
library in the city of New York is hereby authorized and
wered to grant, convey, assign and transfer all real and per-
property of which it may be seized or possessed to the
York public library, Astor, Lenox and Tilden foundations,
such terms, conditions or limitations as may be agreed
between the two institutions.

tion ii. If the library corporation so conveying its prophall have members other than its directors or trustees, no yance shall be made under authority of this act, unless me is assented to by at least two-thirds of the members. assent may be evidenced by an instrument in writing, by the members and acknowledged as a conveyance of state. It may also be evidenced by a vote of such memoting in person or by proxy at a meeting of the members h corporation to be called on a notice of at least thirty specifying the time, place and object of such meeting,

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mailed post-paid to each member whose place of residence is known to the secretary, and published at least once in each week for four successive weeks in a newspaper published in the city of New York. A sworn statement by the secretary as to the members of such corporation, or as to the proceedings of any such meeting shall be evidence of all the facts set forth in such statement, and of the holding and of the action of any such meeting.

Section iii. The regents of the university of the state of New York upon being satisfied that any such library corporation has conveyed all its property to the said New York public library, Astor, Lenox and Tilden foundations, under the authority of this act may accept a surrender of the charter of the library corporation so conveying its property, and forever discharge its directors or trustees from their trusts in the premises.

Section in. The said New York public library, Astor, Lenox and Tilden foundations shall have power to hold and enjoy the property so conveyed to it, and shall have power to dispose of the same. Any devise or bequest contained in any last will and testament made to any corporation conveying its property under authority of this act, whether made before or after such conveyance, shall not fail by reason of such conveyance, but the same shall enure to the benefit of the said New York public library, Astor, Lenox and Tilden foundations.

Section v. Notwithstanding such conveyance and transfer, all and singular the obligations of such corporation so conveying or transferring its said property shall remain in full force, and the said New York public library, Astor, Lenox and Tilden foundations shall be liable upon all contracts made by said corporation to the extent of the value of the property received from any such corporation.

Section vi. This act shall take effect immediately.

Documents Relating to the Gift of Andrew Carnegie.