88- NEW YORK ZOOLOGICAL SOCIETY. 



Sec. 4. The aflfairs 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, another for two years, and the other for three years ; and all persons 

 elected to be managers at any subsequent election shall hold office for three 

 years, and until others aie 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 organ- 

 ization, adoption of by-laws and election of officers. No manager of said 

 corporation shall receive any compensation for his services, nor be inter- 

 ested, directly or indirectly, in any contract concerning its property or 

 affairs. 



Sec. 5, Said corporation may raise money by the issue of its bonds, se- 

 cured 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, the net annual income 

 of which shall not exceed fifty thousand dollars, and- shall possess the gen- 

 eral powers and be subject to the restrictions and liabilities prescribed in 

 the third title of the eighteenth chapter of the first part of the revised 

 statutes. 



Sec. 7. The commissioners of the sinking fund of the said city are author- 

 ized in their discretion to allot, set apart and appropriate for the use of said 

 corporation, any of the lands belonging to said citj' 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 for 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 corpora- 

 tion. If at any time the animals now composing the menagerie at 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 incorporators 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 



