N.Y. Indian Law 100 – Payment of annuity
§ 100. Payment of annuity. The department of social welfare shall annually pay to the clerk of the Saint Regis tribe out of moneys appropriated therefor by the legislature, any amount due to such tribe pursuant to the terms of existing agreements between the state and such Indians. Before receiving any such money, such clerk shall execute a bond to the Saint Regis tribe in double the amount of the money payable to him. Such bond shall be approved as to form, amount and sufficiency of sureties by the county judge of Franklin county. The council of chiefs of the Saint Regis tribe may, in case of default, delinquency or misconduct of such clerk, maintain an action upon such bond. Before receiving any such money, the clerk shall also prepare under the direction of the chiefs an annual roll of the members of the Saint Regis tribe who are eligible to receive annuity money, including therein the name and post-office address of each such member, and file copies of such roll in the offices of the department of social welfare and the county clerk of Franklin county. The department of social welfare shall not in any manner be charged with or be responsible for the distribution or expenditure of such annuity money by such tribe or any officials thereof.
Terms Used In N.Y. Indian Law 100
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.