SIXTH ANNUAL REPORT. 161 



Sec. 3. The managers of said corporation shall have power to make and 

 adopt by-laws for the management and government of its affairs and busi- 

 ness, for the admission, suspension, and expulsion of its members, and for 

 the terms and conditions of membership ; to prescribe the number and 

 mode of election of its officers; to define their duties; to provide for the 

 safe-keeping of its property, and from time to time to alter and modify its 

 by-laws. 



Sec. 4. The affairs and business of said corporation shall be managed 

 and controlled by a board of managers, the number of whom shall be pre- 

 scribed 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 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 contract concerning its property or affairs. 



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

 thorized in their discretion to allot, set apart, and appropriate for the use 

 of said corporation, any of the lands belonging to said city north of One 

 Hundred and Fifty-fifth street, but not in the Central Park, and such ap- 

 propriation 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 what- 

 soever 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 



