The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1890-07-27
LAWS OF NEW JERSEY
BY AUTHORITY.
CHAPTER oxxxL
lOoNT[NuHp.l


and real ess3te so sold shall not be re-
deemed as Aforesaid, the city By its corpo-
rate name, shall execute to the purchaser.
or hts legal representatives or assigns, q
declaration Of sale, signed by tho mayor
Or other head officer of the city, and at
tested ny the city clerk, containing a
short Gescript ion of the premises sold to-
gether with q brief statement OF che facts
OF assessment, advertisements and sale,
Including the date Of sale and the term
for which said premises were sold; that
said declaration snail be recorded in the
Office OF the city clerk in books TO DO kept
Tor Aac purpose, and until the same be
so recorded, sntn lands and real estate
may pc redeemed, as hereinbenre provided,
Notwithstanding the period OF three years
from the time OF such sale may have ex-
riretk that such declaration OF sale shall
be :saesumptdFe evidence in all courts aud
places that such sale aud proceedings
Were regularly made and had, according
- the provisions Of this act, aud no mis-
recital shall vltate ii, and such purchaser
and his legal representatives or assigns
shall, by virtue thereof, lawfully hold
and enjoy suon lands and real estate,
with the rents, issues and profits thereof.
for his her or their own proper use,
against the owner or owners thereof, aad
ali persons claiming under him, her or
thelu> until the term shall be completed
and ended for which the purchaser
plration of said term shall peaceabiy and
quietly yield up such lands and reat es-
tate TO the lawful owner or owners
the-aof, being liable. however, for any
waste or injury done or committed by
him, her or them, in the same manner as
n tenant for a4terEn OF years.
SO. And Do 1t enacted, That In addition
to the recording Of such certificates aud
declarations of sale. and assignment OF
such cert&doape, as aforesaid, the city
clerk shah also give certificates of search
in relation thereto TO any person or per-
sons applying for the sans, and he shall
also cancel ouch certificates and such as
signment thereof SO raeeRded, whenever
athe lands and real estate for which they
were-gfyeu shalasbe redeemed upon che
presentation an6sf filing ia his office of the
said cqllecrufss or recairerss certificates of
such zedeinpSion.
81 And be 1t enacted, that besides the
com penaatjon which Is now or may be
hereafter ahewedto the said collector or
receiver oftaxes, heshau be allowed such
Special cor1pehaRtton Tor special services
as nny be ffom time TO Time determined
by the common pouutil and that he shall
also be eptitled toreceive! fsouseach pur-
chaser the snp Of one dollar for every
certificate or declBraticn Of sale BY him
given, and that tie city clerk shall also
be entitled 10 receive from said purchaser
the sum OF one dollar for every certificate
or declaration OF sale, and every assign
NEXT of such certificate 10 be recorded by
him as aforesaid and, also, the sum of
one dollar for every search Qnciuding the
certificate thereby, made by him In the
record of certificates and declaration of
sales and assignments as aforesaid; and
that the said collector or receiver of
taxes shall likewise collect, fer the use of
tbs city, the sum of one dollar from each
purchaser at the time of the delivery Of
the said, certificate of sails, for the ex-
penses OF advertising aud selling each
and every lot or parcel OF said lands and
real estate by hin purchased as aforesaid
IS. And be it enacted. That for the p1r-
poss OF defraylng the costs and expenses
Of Improvements, in respect Of which are
assessment for benefits may be made, the
common council may. il necessary, bor-
row money and secure the payment of the
same by the notes and other temporary
obi EatioHs of the city; these notes and
OIL cations may be renewed from time to
liine until The work be done or the as
sess ments for benefits continued when
SO confirmed the common council shall
provide for the costs and expenses of the
lni{ rovements in manner hereinafter
mentioned.
SO. And be it enacted, That if q sum
equid to or greater than the amount as
sesscd for benefits has already been bor-
rosNed and It's payment secured by the
notes or other temporary obligations O
the city, such notes and obligations to
any amount equal co the amount assessed
for such benefits may DO renewed from
time TO time as far as necessary for a
period of five years longer. and all
inoruys paid in on assessments during
that period shall be exclusively devoted
to the payment of and shall be used TO
pay said obligations as they mature; if
the amount borrowed be less that the
amount assessed, the common council
may, il necessary, borrow and issue its
temporary obligations tor such additional
sum as with the amount already borrowed
will equal the amount assessed and the
Indebtedness of the city, in whatever
form it may exist, shall, to the amount
OF the assessment be paid and discharged
out OF the moneys paid in on assessments.
so far as they may be paid in during said
period of five years; if az the expiration
Of sfid period of five years the said in
debtcdness 30 equal in amount to the
bene dts assessed be not paid in full, the
common council in order to provide tor
It's payment shall issue the bonds of the
city for the amount remaining unpaid.
which bonds may be registered or cou-
pom bonds, payable in the manner herein
after provided, and all assessments re-
ceived by said city, after said period of
five years, shall go 1ato its treasury and
be lsed as the common council may
direct.
81. And be it enacted That to provide
for the difference between the costs and
exfIe uses of the Improvement, Including
all Incidental expenses, and the amount
OF the assessment the common council
shall after the assessment has been con-
hrined issue the bonds of the city. which
lnay be registered or coupon bonus, pnya-
bic Ia the manner hereinafter provided;
these bonds shall be used (1)to discharge
the notes or temporary obligations OF the
city issued as aforesaid, so far as they ex-
coed III amount the assessment for
benefits. ~ 10 satisfy and discharge what
ever may remain due on costs ana ex-
penSes OF the work.
5S Aud be il enacted. That in case
there be no assessment for benefits, then
The common council may issue the regis
tered or coupon bonds OF the city to an.
amount sufficient to defray the costs and
cxpF nseS Of the improvement, or of any
contract entered into pursuant 10 the
provisions Of this act payable in the man
ntr next hereinafter provided.
80. And be it enacted, That the com
rlon council shall cause the aforesaid
bonds OF the city (otheg shan its temper
ary obligRtions) to be so ISSUED that they
Shall become payable in successive years,
ana not more than forty years from their
date they shall mature IN such manner.
THAT. OF the whole number of bonds out
standing. an equal amount Of them lin
valI1e), as nearly as practicable, shall be-
coIae payable IN each year aftef The year
OF lilo earliest issue; in thus Arranging
their maturity. regard May be had to the
bonds already issued for conpieted inn