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

An Act to authorize the boards of chosen free
holders Of the respective counties Of this state to
issue bonds to pay assessments for the improve
ment of avenues and roads.
|. Be 1t enacted by the Senate and General
Assembly Of the State of New Jersey, That when
ever, in any county of this state, any assessment
has heretofore been made. Imposed or assessed
against said board by virtue Of any law of this state
for any part Of the COSTS charges and expenses OF
the improvement OF any avenue or avenues road or
roads, or avenues and roads in such county, made
by any commissioners or board Of commissioners
duly authorized by law to make the same, and
which by law it is or has been provided, shall be
paid by said county, on account of said improve
ments, and that the said sum SO assessed shall be
raised by general taxation, as other county taxes
raised, then in every such case it shall be law
full for the board OF chosen freehoders Of any such
county INSTEAD Of placing the whole amount of such
assessment in the tax levy for any year, to bor
to pay said assessment and lawful interest thereon
and TO cause by resolution the bonds of such county
in the name Of the board Of chosen freeholders, to
be issued for the same in such sums each said
board may deem proper, and that the moneys
realized from such bonds shall be paid to the county
collector, to be by him applied as hereafter
specified.
q And be It enacted, That whenever any bonds
or improvement certificates shall have been hereto
fore issued for such improvement by any board of
commissioners, authorized TO issue the same, the
amount so to be raised and paid by such connty
shall be applied by the collector ratably upon such
bonds or Improvement certificates then outstanding
win appear by the records or books of such board
OF commissioners upon the holders thereof produc-
ing the same to such collector, who shall thereupon
indorse such payment upon such bonds or certif-
Gates provided, however, that such bond or i'm
provement certificate be produced before said col
lector and marked by him for identification within
six months after the passage of this act.
8. And be it enacted That the bonds authorized to
be issued by the first section Of this act, may be
either coupon or registered bonds, as the board of
chosen freeholders may determines and the same
shall be made payable, both principal and interest,"
at the Office of the county collector of such county,
and said bonds shall be sold by the board OF chosen
freeholders OF such county, upon the orders and
resolutions thereof, either upon bids for the same
duly advertised for, or otherwise; provided, that
said bonds shall in case be sold at less than par
the director OF such board and the county collector
Of such county shall sign said bonds, and the same
shall be sealed with the seal OF the county, and the
county collector shall number and register the
game; and registered bonds may be exchanged for
coupon bonds, and coupon bonds exchanged for
registered bonds, at the request of the h0er there
by resolution, shall consent to such exchange and
said bonds shall bear such interest such board
shall determine, not exceeding six per centum per
annum, and said interest shall be paid semi-annu-
ally and said bonds shall have such time to run as
said board Of chosen freehoders may at the time Of
the Issue thereof, by resolution determine, not ex-
ceeding thirty years.
4 And be Il enacted, That the said board OF
chosen freeholdere shall each year, place in the tax
levy for such county for such year, long such
bonds shall run, sufficient sum to pay all interest
said bonds during such year, and also sufficient
within the year the same to be levied and raised in
the same manner as other county taxes are levied
and raised.
And % II enacted, That this act shan take effect
Approved March i, 1854