TWENTY-FOURTH ANNUAL REPORT 193 
Src. 4. The affairs and business of said corporation shall be managed and 
controlled by a board of managers, the number of whom shall be prescribed by 
the by-laws. The first board of managers shall be divided by lot into three 
classes, equal in number, one of which classes shall hold office for one year, an- 
other for two years, and the other for three years; and all persons elected to be 
managers at any subsequent election shall hold offce for three years, and until 
others are elected in their stead. There shall be a president, two vice-presidents, 
treasurer and secretary, to be elected by the board of managers annually, who 
shall hold office until others are elected in their stead. The first meeting under 
this act may be held at any time upon a notice of five days, signed by any five 
of the incorporators named in the first section of this act, fixing a time and place 
for such meeting, a copy whereof shall be mailed to each of said incorporators at 
his usual post-office address, and twelve of such incorporators shall be a quorum 
for the purpose of organization, adoption of by-laws, and election of officers. No 
manager of said corporation shall be interested, directly or indirectly, in any con- 
tract concerning its property or affairs. 
Sec. 5. Said corporation may raise money by the issue of bonds, secured 
by a mortgage on any or all of its property not acquired from said city or state. 
Sec. 6. Said corporation may take, purchase, and hold real and personal 
estate necessary for the purpose of its incorporation, and shall possess the general 
powers and be subject to the restrictions and liabilities prescribed in Article II 
of Chapter 23 of the Consolidated Laws, entitled “General Corporation Law,” 
being chapter 28 of the Laws of 1909. 
Sec. 7. The commissioners of the sinking fund of the said city are authorized 
in their discretion to allot, set apart, and appropriate for the use of said corpora- 
tion, any of the lands belonging to said city north of One Hundred and Fifty- 
fifth Street, but not in the Central Park, and such appropriation may be revoked 
if, after the expiration of five years from the passage of the act, a zoological 
garden is not established thereon; said grounds thus set apart and appropriated 
shall be used or no purpose whatsoever except those aforesaid. As soon as any 
lands are set apart the Mayor of the said city of New York, and the President 
of the Department of Parks of said city, shall become and be ex-officio members 
of the board of managers of said corporation. If at any time the animals now 
composing the menagerie of Central Park shall be removed therefrom by the 
authorities having charge thereof, said authorities may make an arrangement 
with the incorporators named in this act or the corporation formed by them for 
leasing or sale of such animals to such incorporators or corporation, and said 
incerporators or corporation shall have a preference over any other person or 
corporation in respect thereto upon the same terms which said authorities could 
make with any such other person or corporation, or upon such other terms as to 
such authorities may seem proper, but nothing herein provided shall be construed 
as giving the commissioners of the Department of Public Parks authority to sell, 
lease, transfer, or in any other wise dispose of said animals or other property 
connected with or belonging to said menagerie. 
Sec. 8. Admission to the said gardens shall be free to the public for at least 
four days, one of which shall be Sunday, in each week, subject to such rules and 
regulations as shall be prescribed by said corporation. 
Sec. 9. This act shall take effect immediately. 
AN ACT to amend chapter four hundred and thirty-five of the laws of eighteen 
hundred and ninety-five, entitled “An act to incorporate the New York 
Zoological Society and to provide for the establishment of a zoological gar- 
den in the City of New York” in relation to real and other property. 
