votes shall be made by the inspectors of the election, in the same manner as is now prescribed by law, in regard to the canvass and return of votes for charter officers. § 8. If a majority of the said electors are found to be in favor of the measure, it shall then be lawful for the Common Council to instruct the Commissioners to proceed in the work : and it shall also be lawful for the Common Council to raise by loan, from time to time, and in such amounts as they may think fit, a sum not exceeding two million five hundred thousand dollars, by the creation of a public fund or stock, to be called, " The Water Stock of the City of New- York," which shall bear an interest not exceeding five per cent, per annum, and shall be redeemable at a period of time not less than ten, nor more than fifty years, from and after the passage of this act. § 9. It shall be lawful for the said Mayor, Aldermen and Commonalty to determine what shall be the nominal amount or value of each share of the said stock, and of what 31 122, MEMOJROFTHE number of shares the same shall consist ; and they are hereby authorized to sell and dis- pose of such shares, at or above the par value thereof, either at public auction or private sale, or to raise the said sum of money by subscription for such stock, in the mode in ." which the stocks of banking and insurance companies are usually subscribed for. § 10. The provisions of the act entitled " An act to regulate the finances of the city of New- York," passed June 8, 1812, which are not repugnant to, or incompatible with any provision in this act contained, shall apply to the said stock. § 11. The moneys to be raised by virtue of this act, shall be applied and expended to and for the purpose of supplying the city of New- York with pure and wholesome water, according to the plan so adopted and ratified, with such immaterial alterations as may be necessary, and by and under the direction of the said Commissioners. § 12. The said Commissioners are hereby authorized to enter upon any land or water, for the purpose of making surveys, and to agree with the owner of any property which may be required for the purposes of this act, as to the amount of compensation so paid to such owner. § 13. In case of disagreement between the Commissioners and the owner of any property which may be required for the said purposes, or aifected by any operation con- nected therewith, as to the amount of compensation to be paid to such owner, or in case any such owner shall be an infant, a married woman, or insane, or absent from this state, the Vice Chancellor of the first circuit may, upon the application of either party, nominate and appoint three indifferent persons to. examine such property, and to estimate the value thereof, or damage sustained thereby, and to report thereon to the said court without delay. § 14. Whenever such report shall have been confirmed by the said Vice-Chancellor, the said Commissioners shall, within two months thereafter, pay to the said owner, or to such person or persons as the court may direct, the sum mentioned in said report, in full compensation for the property so required, or for the damage sustained, as the case may be ; and thereupon the said Mayor, Aldermen and Commonalty shall become seized in fee of such property so required, and shall be discharged from all claim by reason of any such damage. § 15. The said Commissioners, in behalf of the said Mayor, Aldermen and Com- monalty, and all persons acting under their authority, shall have the right to use the ground or soil under any street, highway or road, within this state, for the purpose of introducing water into the city of New- York, on condition that they shall cause the surface of such street, highway, or road, to be restored to its original state, and all dama- ges done thereto to be repaired. § 16. If any person shall wilfully do, or cause to be done, any act, whereby any work, materials, or property whatsoever, erected or used, or hereafter to be erected or used, within the city of New York, or elsewhere, by the said Mayor, Aldermen and Commonalty, or by any person acting under their authority, for the purpose of procuring or keeping a supply of water, shall in any manner be injured, such person, on convictiqn thereof, shall be deemed guilty of a misdemeanor. § 17. All contracts for materials, or for the construction