New York State Comptroller's Office Minutes and Abstracts of Ulster County Mortgages B1587

New York State Comptroller's Office Minutes and Abstracts of Ulster County Mortgages

Some content may contain outdated and offensive terminology. See: New York State Archives Statement on Language in Descriptive Resources

Overview of the Records

Repository:

New York State Archives
New York State Education Department
Cultural Education Center
Albany, NY 12230

Summary:

In the late 18th century, the state established funds to loan, at interest, in order to encourage land ownership and development. The series consists of "minutes" (summaries) and abstracts of mortgages documenting the loaning of state money for land purchase and development in Ulster County. These records are comprised of original minutes and abstracts of mortgages.

Creator:

New York (State). Comptroller's Office

Title:

Minutes and abstracts of Ulster County mortgages

Quantity:

0.3 cubic feet

2 volumes

Inclusive Dates:

1792-1823

Series Number:

B1587

Arrangement

Minutes are chronological by mortgage date. Abstracts are arranged as "old" and "new" and therein chronological.

Administrative History

In the late 18th century, the state established funds to loan, at interest, in order to encourage land ownership and development. Laws of 1786 (Chapter 40) and 1792 (Chapter 25) were two principal acts concerning the loaning of state monies; these acts also stated the responsibilities of loan officers. Laws of 1823, Chapter 180, made provision for loaning and reloaning of money for mortgages and required "new" loan officers to submit an abstract of those mortgages remaining unsatisfied. Loan officers were compensated for preparing, certifying, and transmitting mortgages to the county clerk. Abstracts of mortgages were submitted to the state comptroller for audit.

Scope and Content Note

The series consists of "minutes" (summaries) and abstracts of mortgages documenting the loaning of state money for land purchase and development in Ulster County.

The volume of original minutes of mortgages (1808-1817) documents mortgages made as a result of earlier legislation to promote statewide land ownership and development. Each entry includes mortgage number, mortgage date; mortgagee; and summary of terms of the mortgage, including the amount of mortgage (in pounds) and a description of land bound by the mortgage. Signatures and seals for each of the minutes are originals. There is a name index at the fore of the volume.

The volume of abstracts of mortgages (1792-1823) pertains to mortgages remaining unsatisfied and includes sections for both "old" and "new" loans. The record book was prepared by the "new loan officers of the County of Ulster" pursuant to an act passed on April 17, 1823 (Ch. 180). Each abstract provides the date of mortgage; mortgagee; amount or "consideration" of the mortgage; amount of principal due and interest paid (in dollars); and a brief description of land bound by the mortgage. The abstracts bear no signatures or seals. There is a name index at the end of the volume.