The Monmouth inquirer., 1865-06-22

l
| Approved March 10, 1865
| An act to authorize the Board of Chosen Ere
holders Of the county of Monmouth to raise
i money. issue bonds, and for other purposes o
/ /. Be il enacted by the Senate and General
| Assembly Of the State of New Jersey. That it
/ shall be Law full for the Board of Chosen Free
holders Of the county of Monmouth, to provide
| for the payment of the indebtedness HERETOFORE
incurred by them or that may hereafter be IL
CURED by them, in paying bounties for volun-
/ teers, or for substitutes, or to drafted men mus
tered into the military service of the United
States under all or any of the calls of the Pres
j ident of the United States, by issuing bonds in
the corporate name and under the corporate
seal of said county and to be signed by the di-
rector of said board of chosen freeholders, and
attested by their clerk, for an amount of money
not to exceed the sum of five hundred thou
sand dollars, in addition to the amount already
authorized by an act entitled An act to au-
thorise the board of chosen freeholders Of the
county of Monmouth, to raise money, issue
bonds, and for other purposes, approved Feb
\ ruary seventeen, eighteen hundred and sixty
four, in such sums, and payable at such time or
times as the board Of chosen freeholders shall
4 deem proper, and bearing interest at rate not
to exceed seven per centum per annum, paya
BILE annually, and to pledge the property and
the same, which bonds it shall be lawful for the
board of chosen freeholders and their success
ors to sell and dispose of; provided, that no
bond shall be sold by the said corporation for
less than its par value; provided further, that
the bonds so to be issued shall be redeemable
within twenty years from the passing of this
act.
2, And be it enacted, that the said corpora
tion shall have power and authority to provide
y l,x,f T,r ioff fba
and The interest thereon and on said indebted
ness. and shall yearly and every year until the
bonds to be issued by the authority hereof shall
be redeemed and paid off, order and cause to
be assessed and collected by tax, at the time
and in the manner that other taxes in the said
county are assessed and collected. a sum of
money sufficient to pay the interest on the said
bonds and Indebtedness as the same shall be-
come due and payable, and to pay and discharge
the principal at the several times it shall be-
come due and payable; and that all such NOR
eys to be raised by virtue Of this act shall be
exclusively applied to the payment of the inter
est and principal of said bonds and indebted
ness as the same may become due and payable;
| provided that not less than five thousand dol
lars, nor more than twenty five thousand dollars
of the principal of said bonds and Indebtedness
hereby authorized shall be made redeemable in
any one year.
D.
ized to be levied and collected by this act, shall
be apportioned among the several townships in
said county, in the ratio of the number of men
each township was or may be required to fur
nish under the several calls therefor but in case
any township shall not be relieved from draft
for its portion of men under said calls, and
draft shall take place for the deficiency, then
such township shall be assessed only in propor-
tion to the number of men raised under said
calls
4 a. And be it enacted, That it shall be the du-
ty of the said corporation to apply the proceeds
of the bonds that may be issued by virtue of
Il this act to the payment and satisfaction of the
debt and liabilities incurred in paying bounties
to volunteers or to substitutes or to drafted
men, as aforesaid
s. And be it enacted That the debt and la
bilities incurred by said corporation under any
!, of the calls in consequence of the payment of
bounties to volunteers, or for substitutes or to
drafted men, anAthe action of the said corpora
J tion thereun I'd the same are, hereby le-
sse, As5 $1., III. act shall take
Approved March 2, 1865.
An act to provide for the payment of bounties
in the township of Ocean, county of Mon
f mouth, under the recent call, and the future
!, calls that may be made for troops, and also
! for the raising of the amounts by tax.
WHEREAS, the inhabitants of Ocean, county of
u Monmouth in view of the recent call Of the
President of the United States, of December
nineteen eighteen hundred and sixty-four
II and the probability of other calls of troops
: yet to be made; end further, in view of the
general desire of the people of the said town
, ship to fllquotas by volunteers, if possible,
and if not, then by substitutes or otherwise,
as readily as may be; therefore,
/. Be it enacted by the Senate and General
, Assembly of the State of New Jersey, That it
l shall be lawful for the township committee of
; the township of Ocean in said county, to offer
and pay such bounties to volunteers, substitutes
and drafted men, respectively, who shall be
!: mustered into the military or naval service Of
r the United States, and shall be accredited to
. said township upon its quota, under such recent
call, and the pending draft, or any future draft
that may be made, as to them may seem proper.
} toward the filing thereof; provided that the
consent OF majority of the legal electors of
said township above designated, who shall vote
at any such meeting as is hereinafter provided
to be called and held shall first be obtained
thereto, by vote to be taken and given at a
f special election to be had for that purpose and
be called therefor by the said township com
mittee of said township, in the manner provided
by law tor any special meeting of the inhabi-
ldhus tnereoI; ana winch election shall be neld
} at the place where the last township election
therein was held and provided further, that no
sum OF money for bounties be offered and paid
TO such volunteers, substitutes or drafted men.
respectively, shall be raised by tax in said town.
ship, which shall exceed the sum of three hun
dred dollars for the period of service of one
II year, nor more than four hundred dollars for the
period of service of two years, nor more than
five hundred dollars for the period of service of
} three years respectively.
2. And be it enacted, That it shall be lawful
for the township committee of said town
ship to borrow, in the name, aud upon the credit
OF said township, any such sum or sums of
money, from time to time for the purposes, and
subject to the limitations above specified, as
may IN their Judgment be necessary, and to is
sue the bonds scrip, notes, or other,certificates
of Indebtedness Of said township therefor, in
such amounts, seyeraly, as they may think
most advisable. for the sums so borrowed and
to provide for the payment Of the interest there
on, and of the principal sums thereof by tax,
in such instaments, aid at such times as the
said township committee shall determine; which