Whereas, The Board of Estimate and Apportionment, at meeting held April 29, 1904, adopted the following:

Whereas, Certain provisions have been made in the statutes of the State of New York, and particularly in chapter 423 of the Laws of 1903, and chapter 615 of the Laws of 1904, in order that certain grade crossings of the Spuyten Duyvil and Port Morris Railroad, at or near Kingsbridge in The City of New York, may be abolished, and that the route of said railroad may be changed, and that other desirable public improvements in that locality may be effected; and

Whereas, The said changes and improvements involve important interests of The City of New York and of the Spuyten Duyvil and Port Morris Railroad Company, and of its lessee, the New York Central and Hudson River Railroad Company, which have been the subject of negotiations between their several officers, agents and representatives; and

Whereas, It has been agreed, that under chapter 423 of the Laws of 1903, the sum of six hundred thousand dollars is the cost and expense of acquiring all such lands or interests in lands, rights of ways or easements as are necessary or required for the roadway and route altered and changed as in said act provided, to be paid therefor by The City of New York to the Spuyten Duyvil and Port Morris Railroad Company, and that under chapter 615 of the Laws of 1904, fifty thousand dollars is the proper sum to be paid by the said railroad company or by such persons as it may besignate, to The City of New York, for all of the property, right, title and interest which it, The City of New York, now has and all that it may hereafter acquire under authority of chapter 615 of the Laws of 1904, of, in and to any of the lands now or originally under the waters of the Spuyten Duyvil Creek, between the northerly Harlem river pier and bulkhead-line as now established, and Kingsbridge, and also of, in and to any of the lands under the waters of the Harlem river, between the northerly Harlem river pier and bulkhead-line as now established, and Farmers' Bridge; now therefore be it

Resolved, That the acquisition by the Spuyten Duyvil and Port Morris Railroad Company of all such lands or interests in lands, rights of way or easements as may be necessary or required for the roadway and route of the said railroad company as altered or changed, pursuant to the provisions of chapter 423 of the Laws of 1903, for the sum of six hundred thousand dollars be and the same is hereby approved, upon condition, however, that the said Spuyten Duyvil and Port Morris Railroad Company shall accept the said sum of six hundred thousand dollars in full payment and satisfaction of all and every obligation on the part of The City of New York, and of the provisions of the said act or otherwise to bear and pay to the Spuyten Duyvil and Port Morris Railroad Company, as acquired by it, the cost and expense of acquiring all such lands or interests in lands, rights of way or easements as may be necessary or required for the roadway and route, altered and changed as in said act provided, and upon payment of the said sum of six hundred thousand dollars that the said railroad company shall by proper instrument in writing give to the City a receipt in full and release The City of New York from all and every obligation to make any further payment therefor; and upon the further condition that upon a grant and conveyance being made by The City of New York to the Spuyten Duyvil and Port Morris Railroad Company, or to such person or corporation as it shall designate, of all of the property, right, title and interest which it, The City of New York, now has and all that it may hereafter acquire under authority of chapter 615 of the Laws of 1904 of, in and to any of the lands now or originally under the waters of the Spuyten Duyvil creek, between the

northerly Harlem river pier and bulkhead-line, as now established, and Kings Bridge, and also of, in and to any of the lands now or originally under the waters of the Harlem river, between the northerly Harlem river pier and bulkhead-line, as now established, and Farmers' Bridge, the Spuyten Duyvil and Port Morris Railroad Company shall pay or cause to be paid to The City of New York the sum of fifty thousand dollars; and be it further

Resolved, That the said sum of six hundred thousand dollars ($600,000) be paid to the said Spuyten Duyvil and Port Morris Railroad Company as follows: Five hundred and fifty thousand dollars ($550,000) thereof in cash, and fifty thousand dollars ($50,000) thereof by the grant or grants of the said property, right, title and interest of The City of New York of, in and to the lands now or originally under the waters of the Spuyten Duyvil creek and of the Harlem river above specified to the said Spuyten Duyvil and Port Morris Railroad Company, or to such corporation as it may designate, under the provisions of chapter 615 of the Laws of 1904; and be it further

Resolved, That the Comptroller of The City of New York be and he is hereby authorized to prepare and issue Corporate Stock of The City of New York to the amount of five hundred and fifty thousand dollars ($550,000) for the purpose of bearing and paying that amount of the cost and expense of acquiring said lands and interest in lands, rights of way or easements, the same being necessary or required for the new roadway and route of the Spuyten Duyvil and Port Morris Railroad Company, altered and changed, as provided in chapter 423 of the Laws of 1903, and the Comptroller is authorized to pay the said sum of five hundred and fifty thousand dollars ($550,000) to the Spuyten Duyvil and Port Morris Railroad Company, under the terms and conditions of this resolution, and of the statutes therein referred to; and be it further

Resolved, That before the said amount shall be paid by The City of New York a sufficient agreement shall be executed on the part of the Spuyten Duyvil and Port Morris Railroad Company, in form satisfactory to the Corporation Counsel, to grant and convey all its right, title and interest in and to any of the lands forming any part of its present route or roadway to be abandoned, as provided in chapter 423 of the Laws of 1903; and be it further

Resolved, That the Corporation Counsel be and he hereby is requested to take such steps as may be proper to secure, under chapter 615 of the Laws of 1904, a grant, conveyance or patent from the State of New York of the lands under water, therein authorized and directed to be so granted or conveyed, and to prepare and approve as to form proper conveyances of the land under water, authorized by the resolutions and the statutes therein referred to to be conveyed to the Spuyten Duyvil and Port Morris Railroad Company, or such person or corporation as it may designate; and be it further

Resolved, That this resolution be and the same hereby is declared to be without prejudice to any action that may hereafter be taken under the provisions of section 2 of chapter 423 of the Laws of 1903.

Resolved, That the Commissioners of the Sinking Fund hereby concur in said resolution.

The report was accepted and the resolution unanimously adopted.

At this point the Board resolved itself into executive session for the consideration of the Staten Island ferry matter.

After such consideration the Board reconvened in open session, and, on motion, adjourned to meet on Friday, June 17, 1904, immediately after the meeting of the Board of Estimate and Apportionment.

The Mayor stated that he would request the Corporation Counsel to render an opinion to the Board, before its next meeting, relative to the obligation of the City to purchase the terminal at the foot of Whitehall street, in the Borough of Manhattan.

Adjourned.

N. TAYLOR PHILLIPS, Secretary.

COMMISSIONERS OF THE

SINKING FUND OF

THE CITY OF NEW YORK.

Proceedings of the Commissioners of the Sinking Fund, at a Meeting Held in Room 16, City Hall, at 1.30 o'clock P. M., on Friday, June 17, 1904

Present-George B. McClellan, Mayor; Edward M. Grout, Comptroller; Patrick Keenan, Chamberlain; Charles V. Fornes, President, Board of Aldermen, and John T. McCall, Chairman Finance Committee, Board of Aldermen.

The Mayor called up for consideration the matter of the Staten Island Ferry propositions, laid over at the last meeting.

The opinion of the Corporation Counsel as to the obligation of the City to purchase the ferry terminal landings at the foot of Whitehall street, Borough of Manhattan, and at St. George, Borough of Richmond, not having as yet been received, the Chamberlain moved that action in the matter be postponed until 11 o'clock A. M., on Tuesday, June

21, 1904.

Carried.

The Comptroller presented the following report and offered the following resolution relative to a lease of premises at the corner of Jackson and Annable avenues, Long Island City, Borough of Queens, for the use of the Bureau of Street Opening, Law Department:

Hon. EDWARD M. GROUT, Comptroller:

JUNE 15, 1904.

SIR-In a communication under date of May 9, 1904, the Corporation Counsel requests a lease of the second floor above the ground floor in the building at the corner of Jackson and Annable avenues, Long Island City, Borough of Queens, formerly used

ears at an annual rental of $700, to be used as et Openings, Borough of Queens.

de of the premises, and beg to report that these ae Annable avenue side of a 4-story brick building The rooms are about 15 x 15, and are well lighted ne purposes of the Bureau.

e owner of the building, he has agreed to lease these So instead of $700 as mentioned in the request of the turnish heat and janitor service. This rent being reasonrecommend that the Commissioners of the Sinking Fund ng a lease of five rooms on the easterly side of the second er of the brick building situated at the corner of Jackson ng Island City, Borough of Queens, for a term of three years on, at an annual rental of $650, payable quarterly, for the use of penings as a branch office for the Borough of Queens. Lessor, rnish heat and janitor service.

nitted for approval,

MORTIMER J. BROWN,

Appraiser of Real Estate in Charge of Bureau.

M GROUT, Comptroller.

That the Corporation Counsel be and is hereby requested to prepare a Oty from James D. Trask, of five rooms on the easterly side of the bove the ground floor of the brick building, situated at the corner of Amable avenues, Long Island City, Borough of Queens, for the use of the Street Openings, Law Department, for a term of three years from the pation, at an annual rental of six hundred and fifty dollars ($650), payable the lessor to furnish heat and janitor service; and the Commissioners of gland, deeming the said rent fair and reasonable and that it would be for the ess of the City that such lease be made, the Comptroller be and is hereby authorized exted to execute the same when prepared and approved by the Corporation Couns provided by sections 149 and 217 of the Greater New York Charter. The report was accepted and the resolution unanimously adopted.

the Comptroller presented the following report and offered the following resonon relative to a lease of rooms in the Mercantile Building, corner of TwentyPund street and Fourth avenue, Borough of Manhattan, for the use of the Tenement House Bureau and the Bureau of Buildings of the Law Department:

JUNE 14, 1904.

FDWARD M. GROUT, Comptroller: VER In a communication under date of June 10, 1904, the Corporation Counsel squats a lease of Rooms 14, 15 and 16, approximately having an area of 2.000 square on the eleventh floor of the Mercantile Building, situated at the southwest cor