Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1884-06-26
CHATTER CxxxlII.

A Supplement to an act entitled can act to
authorize municipal corporations to contract
for supply of water for public uses" ap-
prove March fifteenth, one thousand eight
hundred and eighty-one.
l. Be it enacted by the Senate and General
Assembly of the State Of New Jersey, That =
addition to the powers given to any city or
town council, or township committee or other
governing body ofanY municipal corporation in
this state, by whatever name such governing
body may be called, in the act to which this is
a supplement, said city, town or township to
be supplied with water as in said act provided,
may issue bonds to pay for the expenses Of lay
ing pipes, erecting hydrants and all other ex-
penses incidental TO the introduction and use Of
wat er IN said city, town or township or other
municipal corporation in such sums as the COM
mon council or township committee respective
ly shall find necessary, not exceeding in the
whole the sum of one-twentieth of the total
assessed value OF the real estate in such city,
town or township, US such rnte shall appear by
the assessment for the year preceding the issue
of such bonds; said bond TO bear interest at a
rate not exceeding six percentum per annum,
and be made payable at such period of time as
the city, or tswn council, or township commit
tee or municipal aody may determine, but not
exceeding thirty years from the date thereof,
which snid bonds may be sold for the best
no case at less than the par value thereof; said
bonds shall be issued under the corporate seal
of such municipal body and signed by the presi-
dent or other head officer, and the treasurer Of
such city, town or township or other municipal
corporation, which bonds, when SO issued,
shall be lien upon the real and personal es-
tate within the limits Of the authority of said
city, town or township or municipal corpora
ton, the interest on said bonds shall be ASSESS
o4aI
sonal estate within such municipal corporation
in the same way and in the same manner as
other taxes are raised or levied in such city,
town or township.
2. And be it enacted, That said city, town
or township may supply the water to the IN
habitants thereof upon such terms and at such
rates as may be agreed upon by the governing
body Of such mnnicipal corporation, and under
such rates and regulations as such governing
body may determine, and the money received
from the sale of water shall be known as water
rents, and after deduc.ing therefrom such sums
as may be necessary to defray the expenses of
repairs, maintenance of such pipes and hydrants
and extension of pipes and all other necessary
expenses, 81 all be applied toward the creation
OF sinking fund for the payment Of the princi-
pal of said bonds as they shall from time TO
time become due and payable
8. And be it enacted That tho commission
Ch6
ehead officer of said municipal corporation,
the city or township treasurer and two COM
missioners, to be appointed by the common
council or township committee If such city
town or township, and shall have the sole con-
troll and custody Of such sinking fund; the com
missioners of the sinking fund aforesaid, are
hereby authorized to invest the money be-
longing to such sinking fund in bonds of the
United States and in the obligations Of indebt-
edness authorized to be issued by such city,
town or township under this act, and said com
missiouers shall, from time to time, as to them
shall seem bsst, when they shall have funds,
purchase the bonds to be issued under this act,
and when so purchased, said bonds or obliga-
tons shall not be re-issued. but be Immediately
cancelled; provided, however that said com
mis-ioners of said sinking fund shall not pay
greater sum than the par value, for said bonds
or obligations, and said sinking fund commits
sioners, respectively. shah keep accurate ac-
counts of said fund, in distinct and separate
books of account, and shall annually make d
full and detailed report Of the condition and
state Of such fund to the city or town council OF
township committee of such city, town OF
township.
4. And be it enacted, That said city, town
or township may lay its pipe or pipes in and
through any public street or streets in any ad-
jicent town or township, in order to carry out
this net; provided, that the ordinary use Of
roads, streets and highways shall not be unreas-
onably interrupted during the laying Of such
mains and pipes, and that such roads, streets
and highways shall be left in as good condition
ns when such work was begun.
5. And be it enacted, That it shall be lawful
for any city, town or township OF this state or
tbs corporate authorities thereof, to make and
execute contract or contracts with the mnni-
cpal authorities OF any city of this state or with
any aquednct or water company hea wing water
works, for The supply and distribution Of water
for public and private use in any city, town d
township Of this state, which at the time Of such
contract shall not be supplied with water as
aforesaid, BY any municipal or private corpora.
ton.
6. And be it enacted, That all acts and parts
Of acts, public, general special local or private,
inconsistent herewith, be and the same are
hereby repealed, and this act shall be deemed
aiken and construed to be general public &C !,
and shall take effect Immediately.
Approved April H., 1854.
CHAPTER CxXXIV.
An Act respecting the office Of commissioner of
railroad taxation.
Whereas, The Office DC commissioner of raii-
road taxation, created BY can act TO estab.
lish just rules for the taxation of railroad
corporations, and 70 iniaca their acceptance