Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1882-05-04
CHAPTER xc111.

supplement to an act entitled "An act concerning
taxes" approved April fourteenth, one thousand
eight hundred and forty-six.
| ]. Be it enacted by the Senate and General As
sembly of the State of New Jersey, That 1t shall be
lawful for the assessor, or for the commissioners @
| valuation of the taxable property for which any
person shall be assessed any debt debts due and
owing from such person upon any mortgage made S
state of New Jersey for the investment Of money
in the court Of chancery, upon claim for such de-
duction being made according to law.
q And be it enacted, That such mortgages, or
the debts secured thereby, shall be assessed for tax
alton by the assessor making the deduction on ac-
count thereof and the tax thereon shall be collected
by the collector Of taxes in and for the city or
township wherein the lands in the mortgage de-
scrbed are situated
g. And be it enacted, That such assessment shall
be made to the person or persons having the beneh-
cial interest in the said mortgage mortgages or
who may be entitled to have the income or interest
thereof at the time of such assessment, whether
such person or persons reside in this state or not
4 And be it enacted, That where the person or
persons assessed as aforesaid is resident or
residents of the state of New Jersey, and such taxes
remain unpaid for the space of sixty days after the
expiration of the time appointed for the payment
Of taxes then it shall be the duty Of the collector
to proceed to collect such delinquent taxes in the
manner provided for by action entitled 6 A fur
ther supplement- to the act entitled An act con-
cerning taxes (Reyisionl, approved April four,
teenth, eighteen hundred and forty-six, approved
April seventeenth, eighteen hundred and seventy
D. AND be II enacted, Inat where the person or
persons assessed as aforesaid is non-resi-
dent non-residents of the state of New Jersey,
it shall be the duty OF the person claiming deduc
tons to pay the taxes assessed, and payment OF
the same may be enforced by like means and pro-
cesses as if the same had been originally assessed
to such person, and any taxes which such person
may pay or satisfy aforesaid, shall be deemed
and taken to be a payment SO far as such
payment viii extend, on the interest or income due
or to grow due or secured by the said mortgage.
G. And be it enacted, That in case any taxes as
sessed since the fourth day of July, one thousand
eight hundred and seventy y-nine, upon any of the
said mortgages the debts secured thereby, to the
person or persons for whom the same was or were
st the time Of such assessment, held in trust by the
chancellor in his official capacity, or the state Of
New Jersey, for the investment of money in the
court of chancery, who then had or were entitled
to have the beneficial interest or income from the
same, shall be and remain unpaid, it shall be the
duty of the person or persons who claimed deduc-
tion from the same, to pay such taxes to the col
lector of the township city wherein the said de-
ductiOn was made, and in case the failure Of such
person persons to pay the said taxes within ten
days after demand, collection of the same may be
enforced, the same if they had originally been
assessed upon his or their property; and the pay.
ment of such taxes shall operate as payment, 50
far as the same viii extend, any interest or in
come due or to grow due on the mortgage debt.
7. And be it enacted That upon petition of the
collector for the time being Of any township or city
to which any of the said taxes assessed aforesaid
now are or hereafter may be due and unpaid, II
shall be lawful for the chancellor to make such or.
der and take such measures for the payment of the
same out of the income or interest Of the mortgage
or debt secured thereby, which the said tax il
assessed, as to him shall seem proper and to en-
force such order as in other cases.
g. And be it enacted, That this act shall take effect
immediately and that all acts parts Of acts incon
sistent herewith be and the same are hereby
repealed.
Approved March II, 1882.