(Chapter 295 of tlie Laws of 1S9J,)

AN ACT TO INCORPORATE

THE PROVIDENT LOAN SOCIETY

OF NEW YORK

The People of the State of New York, represented in the
Senate and Assembly, do enact as follows:

Section 1. Otto T. Bannard, Charles C. Beaman,
Henry R. Beekman, William L. Bull, Frederic R. Coud¬
ert, Charles F. Cox, John D. Crimmins, R. Fulton
Cutting, Robert W. de Forest, William E. Dodge,
Charles S. Fairehild, David H. Greer, Abram S. Hewitt,
James J. Higginson, Adrian Iselin, Jr., D. Willis James,
John S. Kennedy, Seth Low, Solomon Loeb, Alfred B.
Mason, Victor Morawetz, J. Pierpont Morgan, Oswald
Ottendorfer, Jacob H. Schiff, Gustav H. Schwab,
Charles S. Smith, James Speyer, Walter Stanton, J.
Kennedy Tod, Abraham Wolff, and Cornelius Vander¬
bilt, together with such persons as they may associate
with themselves, and their successors are hereby con¬
stituted a body corporate by the name of "The Provi¬
dent Loan Society of New York," for the purpose of
aiding such persons as said Society shall deem in need of
pecuniary assistance, by loans of money at interest,
upon the pledge or mortgage of personal property.

Section 2. The Society hereby formed shall have all
the powers and be subject to all the restrictions pro¬
vided by the General Corporation Law so far as applic¬
able thereto. It may borrow money for its corporate
purposes at a rate of interest not exceeding the lawful
rate. The persons named in the first section of this Act,
or a majority of them, shall hold a meeting and organize
the Society, and adopt a Constitution and By-Laws not

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