The Sunday morning news. [volume] (Jersey City [N.J.]) 1886-1891, 1890-08-03

qilfred to be paid by snah town or Village
1T large. or on acconnr OF any such
Improvement made, IN the next pre-
cedibg fiscal year, over and above the
total amount CT the assessment ma ie
against the land and real estate peculiar
ly benefited; and the same shall be raised
~ general taxes, and the moneys re
sceived for assess fnents, ami the moneys
so raised by the general tax for the pur-
pose aforesaid, shall be raised for and ex-
cluslyely applied to the Payment for such
Improvement, or to the payment of any
temporary indebtedness incurred by the
said town or village therefor, or for any
bonds or certificates that may be issued
as in this act provided.
u And be 1t enacted, That the board of
commissioners or other governing body
or board of any such town or village shall
order an election to determine whether
bonds shall be issued to procure money
for the payment of the cost and
expenses of the proposed Improvement,
and shall designate the time and place
for holding the same, and appoint judges
aud inspectors thereof; the polls shall be
open from ten o'clock in forenoon until
three ocook in the afternoon, and every
person who Is now authorized to vote at
the corporate election in such town or
village, by Its act OF Incorporation, may
vote at such election in such town or
village by its act of Incorporation, may
vote at such election on the tickets voted
at such election shall be printed or writ
ten, for the issue of boilds.n or against
the issue of bonds, p and the Judge and
inspectors shall certify the result OF said
election to the clerk OF the county In
which such town or village is situated
ID And be 1t enacted, That if there
shall be majority or votes cast in favor
of the Issue oil bonds It shall then be law
full for the board OF commissioners or
other governing body or board of such
town or village to issue registered or cou-
Tlftff hfT de nj 4 lIrrra r.
sue being hereby expressly authorized for
the purpose of providing funds to pay for
such improvements; the bonds may be
made payable at times to be therein
specified, NOT more than twenty years
after date, but SO that an equal amount
shall fall due each year after the first,
the rate of interest not to exceed six per
centum, and the denominations to be
fixed by the board of commissioners or
other governing body or board issuing
the same; the bond shall be of two classes,
namely, assessment. bonds, which shall
be paid out of assessments for benefits,
made by the commissioners appointed
for that purpose, against lands benefited
and sewer bonds, which shall repre-
sent the cost Of the Improvement above
the amount assessed for benefits.
IA. And be it enacted. That any land
owner whose lands may be subject to an
assessment for benefit derived from the
construction of such sewers may have his
lands released at any time by paying to
the treasurer OF such board of commits
sioners or other governing body or board
the full amount assessed against his
property with interest at six per centum;
it shall be the duty of the county clerk to
file In his Office the receipt of
the treasurer of the board of COM
missioners or other governing body
or board for any such payment: and
also, to enter upon the assessment list
and map short memorandum, showing
that the assessment against such land
owner and lands has been paid, and there,
after such lands shalisbe free from the
lien of such assessment and shall not be
liable to any assessment or tax TO raise
money TO provide for the payment OF the
assessments against any other property.
or the bonds mentioned in this act as as
scssment bonds, but shall remain liable
for any tax that shall be levied to provide
for the payment Of that part of the cost
which is charged to the town or village at
large. or for the payment of any certif-
Gates or bonds issued therefor.
Is. And be it enacted, That if a majority
shall at such election vote against the is
sue of bonds, then the said board OF COM
missiouers or other governing body or
board shall have power to issue certifi-
Gates to pay for the cost of such work.
such certificates shall bind the land as
sessed for benefits, and be a lien upon the
same TO the extent that each lot or parcel
and the same ghall be paramount lien
upon said lands, respectfully, until the
amounts due from each of the respective
owners shall be paid, and the record of
Tive assessment Cancelled as herein pro-
zaviCed; in issuing such certificates the
board of commissioners or other govern
ing body or board may also include the
amount of any damages assessed against
the town at large, but such certificates
shall be distinguished from those issued
TO represent the amount assessed for ben
efits; and the whole issue of certificates
shall be divided into three classes; one
third to mature Ia one year, one-third in
two years, and one-thirdi in three years;
and Co provide for their payment it shall
be the duty of the township assessor to
assess the levy and tax for the same in
the manner herein provided, for the pay
ment of bonds, certificates or other in
debtedness incurred for such improve
ment.
10. And be 1t enacted, That there shall
be paid to each commissioned assess
ment three dollars for every day he shall
be actually engaged IN the performance
OF the duties herein required of him; aud
they shall also have authority to employ
secretary at cost OF not over two dol
lars for each day he may be employed.
II. And be 1t enacted. That the board
of commissioners or other governing
body or board of any town or village in
this state shall by resolution submit the
question of the acceptance or rejection of
this act TO the vote of any such town or
village at special election to be held for
that purpose, whereof at least ten days
previous notice shall be given by public
advertisement in at least two of the news
papers published and circulating in said
town. if there be SO many; the resolution
shall fix the time and place for such cleo
ton, and the said board or governing
body shall appoint inspectors of the cleo
ton. who shall hold the same as provided
by resolution, and return the result
thereof to the said hoard; each ballot
deposited by those who favor the accep-
tance OF this act shall contain the words
1.-THE sewer act accepted written or
printed thereon, and those opposed shall
each deposit ballot with the words 1.-The
sewer act rejected written or printed
thereon, and II a majority of the ballots
SO cast shall be found TO beEfor the ac-
ceptance OF this act. il shall then (but not
otherwise), go into effect aud be binding
upon said town or village; those persons
who are qualified to vote at the animal
municipal, town or village election for
the election of the officers of any such
town shall be qualified TO vote at the
election provided for In this section.
is. And be IL enacted that this act shall
take effect Immediately.
Approved May IL, 1890
CHAPTER CXCVL
An Act relative to deposits OF securities