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EXTEACT 

 FROM LAW RELATIVE TO DEPARTMENT OF PARKS. 



§ 2. The Board of Commissioners of the Department of Public Parks, 

 in the City of New-York, is hereby authorized to contract, erect, and 

 maintain in and upon that portion of the Central Park formerly known 

 as Manhattan Square, or any other public park, square or place in said 

 city, a suitable fireproof building for the purpose of establishing and 

 maintaining therein, under suitable rules and regulations, to be pre- 

 scribed by the said Board from time to time, a Museum and Gallery of 

 Art, by the Metropolitan Museum of Art, incorporated by chapter one 

 hundred and ninety-seven, laws of eighteen hundred and seventy, or 

 other institutions of like character ; also, a suitable fire-proof building 

 for the purpose of establishing and maintaining therein, under rules and 

 regulations to be prescribed by the said Board from time to time, a 

 Museum of Natural History, by the American Museum of Natural His- 

 tory, incorporated by chapter one hundred and nineteen, laws of eighteen 

 hundred and sixty-nine, or other institutions of a like character, at an 

 aggregate cost not exceeding a sum of which the annual interest at the 

 rate of interest at which a fund or stock shall be issued, is thirty-five 

 thousand dollars for each of said buildings, for the use of said corpora- 

 tions or other institutions of a like character ; and it shall be the duty of 

 and lawful for the Comptroller of the City of New-York to create and 

 issue in the manner in this Act provided, such additional amounts of a 

 public fund or stock, to be denominated the " Museums of Art and 

 Natural History stock," as shall be necessary to provide the money re- 

 quired for erecting said buildings be an amount not exceeding the 

 aforesaid limitations. 



