within three days thereafter, in the county clerk's office in the county where the principal office of said corporation is located, and a true copy of the same posted in a conspicuous place in the office of said corporation for at least thirty days thereafter.

49. Property not to be receipted for until in possession; penalty for violation.

§ 42. No receipt, certificate, voucher or order of any kind shall be made, accepted or issued by any corporation formed under this act, for any commodity unless the said commodity represented by such receipt, certificate, voucher or order is actually in possession of said corporation at the time of such making, issuing or acceptance. Whenever any corporation formed under this act shall have parted with the possession of any commodity, and received therefor an order, voucher, receipt or certificate, such order, voucher, receipt or certificate shall not be issued or used again, but shall be cancelled with the word "cancelled" stamped or printed legibly across the face thereof, and such cancelled order, voucher, receipt or certificate shall be filed and preserved by said corporation and a record of the same kept by the secretary of said corporation. No petroleum or other commodity received for transportation by said corporation shall be delivered to any person or persons without the presentation and surrender of all vouchers, receipts, orders or certificates that have been issued or accepted for the same. Any person wilfully violating the provisions of this section shall be guilty of a misdemeanor, and, on conviction, punished according to law.

50. Act may be amended.

§ 43. No corporation formed under the provisions of this act shall be held or deemed to have acquired any vested rights thereunder as against the people of this state, but

all companies so formed shall be subject to any and all changes made by any amendment hereto.

51. Annual report; penalty for failing to report. § 44. It shall be the duty of the president and secretary of every corporation formed under this act, to report annually in the month of January in each year, to the state engineer and surveyor under oath, the amount of capital stock of the company, the amount actually paid in, the amount of all money expended during the year ending on the thirty-first day of December next preceding the time of making such report, specifying the purposes for which such moneys have been expended, the amount received during such year, from all sources, specifying such sources, the amount of dividends made and the amount of the indebtedness of such company, stating the object for which the indebtedness accrued, a detailed statement of all the property of such company, stating the nature and value thereof, and such other particulars in respect to the business affairs of such company as the said state engineer and surveyor, or the legislature, or either branch thereof, require to be so reported, and every corporation formed under this act which shall neglect to make such report as hereby required, shall forfeit to the people of this state, for every such neglect, the sum of two hundred dollars; and for every week, such corporation shall neglect to make such report, after the expiration of the time within which it is required as aforesaid, to make the same, it shall forfeit as aforesaid the further sum of fifty dollars. The state engineer and surveyor shall report to the attorney-general every such forfeiture by whom the same shall be sued for and recovered, with the costs, in the name of the people, and the certificate of the said state engineer and surveyor of any such neglect shall be presumptive evidence thereof.

52. Limitation of act,

§ 45. The provisions of this act shall not apply to the city of New York.

See GAS, MANUFACTURES, II., OIL, STEAM HEATING, WATER COS.

PLANK ROAD.

See TURNPIKE AND PLANK ROADS.

PLATE-GLASS INSURANCE.

1. Must deposit $100,000.

(Laws of 1877, ch. 439.)

SECTION 1. Every corporation, association or company organized under the laws of this state, or of any foreign country, to make insurance against loss or damage to plate glass, and every partnership engaging in the business of insuring against loss or damage to plate glass shall be required to deposit with the superintendent of the insurance department of this state, for the benefit of all their policyholders, securities amounting to at least one hundred thousand dollars; and no corporation, association or company created by or existing under the laws of any other state of the United States, with authority to insure against loss or damage to plate glass, shall be permitted to transact business in this state without having previously deposited for the benefit of all their policyholders, securities amounting to at least one hundred thousand dollars with the superintendent of the insurance department, treasurer or chief financial officer of the state wherein such corporation, association or company is organized; such deposit shall consist of the same securities in character and description as are required to be made by companies under the act providing for the formation of life, health and casualty insurance companies

and in relation to agencies of such companies, passed June twenty-fourth, eighteen hundred and fifty-three, and the amendment and addition thereto.

2. No policies to be issued or agent to act till security is filed.

§ 2. No such corporation or company, or partnership, as referred to in the first section of this act, shall issue or deliver any policy, certificate or contract of insurance upon plate glass within this state in any name unless such corporation or company, or partnership shall have first complied with the provisions of this act prescribing and regulating deposits, and no person or persons shall act within this state as agent, surveyor or otherwise in soliciting, receiving or procuring applications for such insurance, or premiums therefor, or in delivering policies of insurance, or in adjusting or replacing losses, or in any manner whatever in aid of transactions relating to the business of plate-glass insurance, of or for any company or corporation, or partnership, unless such company or corporation, or partnership shall have fully complied with the provisions of this act.

3. Individuals not to issue policies under fictitious names.

No individual, individuals or partnerships of individuals shall issue policies or contracts of any kind covering the insurance or replacement of plate glass under a corporate or fictitious name or under any name, style or title other than the true name of such individual or individuals, whether forming a partnership or otherwise, without complying with the insurance laws in regard to casualty insurance. It shall not be lawful for any person transacting plate-glass insurance in the name of any individual or individuals, or any one in their behalf, to issue any policies or contracts, or renewals thereof, for the in

surance or replacement of plate glass or to advertise the same in any manner, in any name, title or designation other than the true name of the individual or individuals responsible for such policies or contracts. [As amended by Laws of 1881, ch. 628, § 2.]

4. Penalty for violation of this act.

§ 3. Every violation of this act shall subject the corporation, company, association, individual or individuals, or partnership committing such violation to a penalty of five hundred dollars for each violation, which penalty shall be sued for and recovered in the name of the people of this state by the district-attorney of the county in which the company, corporation, association, individual or individuals or partnership is located, or in which the manager or managers, agent or agents, shall have committed such violation, and one half of such penalty, when recovered, shall be paid into the treasury of such county, or in the city of New York to the chamberlain of said city, and the other half to the informer of said violation. [As amended by Laws of 1881, ch. 328, § 3.]

5. Laws of 1873, ch. 617, repealed.

§ 4. Chapter six hundred and seventeen of the laws of eighteen hundred and seventy-three, entitled "An act regulating the deposit of securities by plate-glass insurance companies, is hereby repealed."

POLITICAL.

See CLUBS.

POULTRY.

See ANIMAL CULTURE.

PREVENTION OF CRIME.

See BENEVOLENT.