Corporations formed under chapter 40, Laws of 1848, are required within twenty days from the first day of January of each year to make, file and publish a report stating the amount of its capital, the proportion thereof actually paid in, and the amount of its existing debts, which must be signed by the president and a majority of the trustees and verified by the oath of the president or secretary. If a report is not made, published and filed as required, all of the trustees are jointly and severably liable for all debts of the corporation then existing, and for all debts contracted before a report shall be made. (§ 12.) Under this act all the capital stock was required to be paid in money. (§§ 10, 14.)
By chapter 333 of the Laws of 1853 the trustees of corporations formed under the act of 1848 were authorized to purchase property necessary for the business of the corporation, and issue stock for its value in payment therefor, but all reports must show that stock had been so issued for property instead of money.
The defendants insist that they did not become liable under section 12 by failing to comply with the act of 1853 in regard to reports. This act does not abrogate the liability of trustees for neglecting to report, but in case stock has been issued for property, that additional fact must be stated in the report, and it must conform to both statutes. (Whitney Arms Co. v. Barlow, 63 N. Y., 66.)
We think the liability created by section 12 is incurred by failing to report as required by the act of 1853. This act is entitled 11 an act to amend ” chap. 40, Laws 1848, and it was said in Boynton v. Andrews (63 N. Y., 97), and in Boynton v. Hatch (47 id., 230), that the act of 1853 was an amendment of the act of 1848. But it is immaterial whether it is strictly an amendatory *499act or not, because these statutes are in pari materia and must be taken together. (Boynton v. Hatch, 47 N. Y., 228.)
In Duck v. Addington (4 D. & E., 447), several statutes passed at different times, regulating the conduct of hackney coachmen, were considered by Lord MaNSEield.
The last act did not give, in terms, power to magistrates to commit immediately, as did the former statutes ; it was held that these statutes being in pari materia and forming one general system of law upon the subject, that the penalties provided by the earlier acts were applicable to like violations of the later acts.
In Rogers v. Bradshaw (20 Johns., 735), it was held by the Court of Errors that a remedy provided by one statute will be extended to cases arising in the same matter under a subsequent statute, the two statutes being in pari materia ; the same doctrine was again held in Rexford v. Knight (15 Barb., 627), which was affirmed (11 N. Y., 308). This is in accordance with the decision of Pier v. George (14 Hun, 568).
“ If one statute prohibit the doing a thing, and another statute' be afterwards made whereby a forfeiture is inflicted upon the-person doing that thing, both are considered as one statute. When an action founded upon one statute, is given by a subsequent statute in a new case, everything annexed to the action by the first statute is likewise given. Indeed, the latter act may be considered as incorporated with the former.” (Potters Dwaris on Statutes, 189-190.)
The report of Januaiy, 1870, omitted to state that the capital stock of the corporation was issued for property instead of for money, which omission made the trustees liable for all debts then, existing, and all debts contracted during their trusteeship, and. before such a report as the statute requires should be filed. A. further report was not filed until January 20, 1871, and in the¡ meantime the debts of these plaintiffs were incurred, for which thei defendants became liable if they were trustees when incurred.. Wheeler and Griswold concede that they remained trustees during the years 1870 and 1871, but Hoysradt claims to have resigned before the plaintiffs debts were contracted.
A trustee of a corporation, formed under these acts, may *500resign and relieve himself from liabilities thereafter incurred, though the resignation be not acted upon by the board of trustees or entered in the books of the corporation. (Chandler v. Hoag, 2 Hun, 613 ; affirmed, 63 N. Y., 624). Hoysradt’s letter of November, 1869, to Remington, requesting that his resignation be presented, was not acted upon by Remington, and did not amount to a resignation. Nothing further was done in this connection until April 17, 1870, when Hoysradt surrendered his stock, and May 9, 1870, actually resigned, thus terminating all connection with the company as stockholder or trustee. The claim of Bonnell accrued in March, 1870, and the liability of Hoysradt for it had become fixed before he resigned his trusteeship or parted with his stock.
But the claim of Blake accrued in June, 1870, after Hoysradt’s connection with the corporation had been completely severed, and he cannot be charged with it unless he is estopped from denying his trusteeship by reason of signing the report of January 20, 1871.
There are none of the elements of an estoppel in the transaction. Blake did not credit the corporation upon this report, nor did he act, or omit action in any particular by reason of this report. Before the report of January 20, 1871, the corporation had been adjudged bankrupt by the United States District Court.
After Hoysradt had vacated his trusteeship, he could not again become a trustee without an election, which did not take place.
It follows that Hoysradt is not liablé for the claim of Blake.
The report of 1870 wholly fails to comply with the statute in not being legally verified by any person. There is no affirmation by any person that the statements contained in this report are true, nor does it appear which one of the persons verified it. Every essential feature of an affidavit is lacking except the jurat.
Entertaining these views in regard to the liability of the defendants, it is wholly unnecessary to consider the other objections urged by the plaintiff to this report; nor is it necessary to consider whether the trustees of a corporation organized and conducted *501in the manner disclosed by the evidence, are, or are not, liable for all debts contracted during their trusteeship, on the grounds that the corporation was a fraudulent enterprise unwarranted by the statute. The transfer of the notes to Bonnell carried the right of action given by the statute against the defendants. (Pier v. George, 14 Hun, 568.) The exception taken by the defendants to the admission and exclusion of eyidence on the trial were not argued before this court, and they'seem immaterial.
The judgment in the case of Bonnell against the defendants is affirmed, with costs
The judgment in the case of Blake against the defendants is affirmed, with costs as to the defendants Wheeler and Griswold, but as to the defendant Hoysraclt it is reversed, with costs.
LearNed, P. J„ and BoardmaN’ J., concurred. •First case. Judgment affirmed, with costs as to Wheeler and Griswold, and reversed, with costs as to Hoysradt.
Second case. ■ Judgment affirmed, with costs.