Relates to the dissolution of the Wadsworth Library created by chapter 262 of the laws of 1869 and allows for the redistribution of any funds and or assets held by such library.
Ayes (61): Adams, Addabbo, Alesi, Avella, Ball, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Hassell-Thomps, Huntley, Johnson, Kennedy, Klein, Krueger, Kruger, Lanza, Larkin, LaValle, Libous, Little, Marcellino, Martins, Maziarz, McDonald, Montgomery, Nozzolio, O'Mara, Oppenheimer, Parker, Peralta, Perkins, Ranzenhofer, Ritchie, Rivera, Robach, Saland, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousin, Valesky, Young, Zeldin
Excused (1): Duane
TITLE OF BILL: An act in relation to the dissolution of the Wadsworth Library and the redistribution of any funds and/or assets held by such library
PURPOSE: Wadsworth Library in Geneseo received a charter as a school district library following a successful public vote in 2008. This bill formally dissolves the former Wadsworth Library charter, allowing all assets to be transferred to the newly organized corporation.
SUMMARY OF PROVISIONS: Section 1 dissolves the Wadsworth Library created in 1869 and transfers all assets, holdings, and belongings to the Wadsworth Library, a public school district library established by vote on October 23, 2007.
JUSTIFICATION: The Wadsworth Library was incorporated on April 21, 1869 and was created by Chapter 262 of the Laws of 1869 and amended in 1900, 1924, 1939, 1965, 1976, and 1980. On September 16, 2008, following a successful public vote, the current Wadsworth Library was granted an absolute charter in the first instance by the New York State Board of Regents as a school district public library. This charter succeeded the former Wadsworth Library created in 1869.
The Library Board would like to dissolve the former Wadsworth Library and transfer all of the library's assets to the current Wadsworth Library, a school district library. Until the former association library is legally dissolved, the trustees of that corporation are still subject to the legal and fiduciary duties of the corporation.
LEGISLATIVE HISTORY: A.11271 of 2010
FISCAL IMPLICATIONS: None.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ S. 3037 A. 4765 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y February 7, 2011 ___________IN SENATE -- Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when printed to be committed to the Committee on Corpo- rations, Authorities and Commissions IN ASSEMBLY -- Introduced by M. of A. BURLING -- read once and referred to the Committee on Libraries and Education Technology AN ACT in relation to the dissolution of the Wadsworth Library and the redistribution of any funds and/or assets held by such library THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The Wadsworth Library and its incorporated trustees, created by chapter 262 of the laws of 1869 is hereby dissolved and all assets, holdings, and belongings owned in whole or in part by the Wads- worth Library shall be transferred to the Wadsworth Library, a public school district library established by vote on October 23, 2007 and granted an absolute charter in the first instance by the New York State Board of Regents on September 16, 2008. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08141-01-1