The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1890-08-03
CHAPTER CLxxxII.
An Act relating to assessments in cit
of the third class of this state

of the third class or this state
l. Be it enacted by the Senate and GEN
eral Assembly of the State OF New Jersey.
That whenever any assessment for bene-
ITS from any improvement heretofore
made or work heretofore done by order of
the corporate authorities of any city of
the third class Of this state. or any board
or department thereof, shall have been
heretofore or shall be hereafter ratified
and confirmed. it shall be lawful for the
board OF finance in each city, or in the alb
sence Of such board then the board of al
dermen, common council or other legis-
latiye body of any such city, If by resolIi-
ton passed by the votes of at least three
fourths of all the members of such board.
common council or other legislative body
of any such city, It shall determine to ac-
cept from the parties SO assessed and in
lieu of a cash payment bonds for the set
Element of such assessment, then the par
ties so assessed may within thirty days
from the passage of such resolution, and
by paying interest on said assessment
from the date OF the confirmation there-
of to the date of entering into such bond
or the interest which shall have accrued
on said assessment may be included in
the principal of such bond, deliver TO said
city such boud made payable TO the city
treasurer and entered into by the owner
or owners of the property assessed, con-
ditioned for the payment OF such assess
I0eub III Hfc years tECtI buS Udb1 OIL SAID
bond by paying twenty per centum of the
amount of said assessment in each and
every year with interest upon the amount
of said assessment or such part thereof
as may remain unpaid, at the rate of six
per cent per annum. payable annually.
2. And be it enacted, That the bond en-
tered into as aforesaid shall be forthwith
filed in the office OF the city treasurer, and
when so filed shall be recorded In book
or books of assessment bonds. and the
said bond or certified copy of the record
thereof, under the hand and seal of the
city treasurer, shall be conclusive evil
dence in any court of the contents OF the
same and OF tie legality of the assess
ments for which the said bond was given
and of all the proceedings in relation
thereto up to and including the date
thereof.
8 And be it enacted, That in case the
owner or owners of any land or real estate
assessed for any Improvement shall neg
lect or fail to pay the amount of the as
sessment with interest as aforesaid, or TO
give the bond required within thirty days
from the passage of such resolution as
aforesaid, then such assessment shall bear
interest at the rate of ten per centum
per annum until paid, and said land and
real estate shall be sold as provided for
the sale Of lands for unpaid assessments
for the amount of such assessment, with
AAJCftSb as dboNc oLdSeQf COotc ttuIt OK
penses; and in ease any installmene of a
bond which shall have been given for an
assessment as aforesaid. or any interests
thereon, shall not be paid according to
the terms thereof, the whole amount
Of said bond unpaid shah become
Immediately due and payable, and
interest shall be charged thereon
at the rate of ten per eentum per
| nnnum from the date of it's becoming due
until paid; said land and real estate shall
/ be sold in the manner provided for the
| sale of lands for unpaid assessments for
the amount of such assessment, with in
terest as above stated, costs and EXPENSES
and the amount thus due on the bond, for
the collection of which the sale has been
made. when paid, shall be credited on the
bond. which shall be held by the city I'M
til the same is paid in full and extin-
guished; provided, that the receiving said
bond shall in no way affect or impair the
lien Of said city upon the land and real
estate assessed during the time said obli-
CATION shall continue in force and un-
paid, and during said time sale may be
made upon default as aforesaid.
T. And be It enacted, That all acts and
parts of acts inconsistent with this act, be
and the same are hereby repealed, and
that this act shall take effect immedi-
ately
Approved May 5, 1890.