16 



EXTEACT 



LAW RELATIVE TO DEPARTMENT OP PARKS. 



Section 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 fire- 

 proof building for the purpose of establishing and maintaining therein, under 

 suitable rules and regulations, to be prescribed by the said Board from time to 

 time, a Museum and Gallery of Art, by the Metropolitan Museum of Art, incor- 

 porated 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 regula- 

 tions to be prescribed by the said Board from time to time, a Museum of Natural 

 History, by the American Museum of Natural History, 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 corporations or other institutions of a like character ; and it shall be the 

 dnty 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 required for erecting said 

 buildings by an amount not exceeding the aforesaid limitations. 



