The Penn's Grove record., 1891-05-29
CHAPTER cxxx.

l.
Supplement to an act entitled A act to pro-
vide for sewag and drainage in incorpor-
aied townships in which there Is a public
water supply arp5oy nsr. AAp It'll fourteenth
/. Be 1t enacted by the senate and General
Assembly of the State of New Jersey, That
wheneveF e strict conformity mSIdn XII, with = ! me asn grIS.
ment, the township committee or other gov
erning body shall have caused to b. con-
structed sewers or drains. or both, and have
issued temporary improve nent certific ates or
promiss)ry no es of such corporation In pay
nlent of the costs of such Improvement; that
in order to provide for the payment of such
certificates and promissory not s as they shall
severaiIy bee me due 1t shall and may be law-
full Tor Incorporated townships to issue bond,
to run for a period not to exceed ten years
and to bear int rest n I to exceed six per
centum per annuri. which said bonds shall be
styled i'm, rovemef.t b ,nds, shall ! Q issued In
such denomina ions as the township commit
tee or other governing boly o such township
NAV determine and be executed un ter the
c ,rporate seal Of said township, signed by the
chairman o. said board or ownsh'p committee
or other governing body Il such township, and
conntersigned by the clerk thereof; coupons
signed by the chairman Tor every half years
interest shall be attached to each bond and
bonds may be registered, at the option Of the
holder; they shatl be sold for not less than
their par value and the proceeds thereof shall
be us ed to take up and pay off such temp rary
notes or certificates, and the interest thereon,
as may W. been given in payment o. the
COST OF SucQ sewers OF QfAlnH as may nave DttH
constructed in said township under the pro
visions of the act of which this is a supple
ment; provided, that in order to meet the
ity Il shall be he duty Of the township COM
mittee or other governing body to order the
treasurer of said n nip to keep and set
easements on such improvement into 2 sinking
fund, which said moneys shall be applied from
time o time to the payment of the interest
and the redemption of all bonds issued in ac-
cpriaurp with the nf0vigi0pl nf Ilia RUnpla-
ment.
z. n be it enacted. That the township
assessment for either direct or prospective
benefit, which has been made and confirmed
under the provisions of the act of which this
ment as required under the provisions Of said
act, bus that he same may be paid in equal
annual installments, with interest at six per
annual installment is less than one-tenlh of
the whole amount OF an assessment on any
piece or parcel of land assessed; provided, also,
Tat the fir I annual installment sha | become
due and payable With thirty days after the
confirmation OF the assessment as rovided
for in the act Of which. this is a supplement-,
and in case said in stallmcnt shall remain UNI
maid at the expiration of thirty days after the
first publication of the notice # the assess
m, mt AS required in the act OF which this is a
supplement-, the said ms al ment shall draw
interest thereup1 IN, from and after that lime
at the rate of one per centum per month; and
the said board of township committee or other
governing body of such township shall have
the same remedies and rights to enforce the
4ymen of such instaline ITS as they have TO
enforce the collection of taxes in snch town
ships and by like proceedings; provf led. that
nothing IN this act shall prevent payment of
the who'e assessment or any outstanding bal
or parcsi Of land, and provided, further, that
the provisions of this supplement shall apply
only TO the CO mites OF the first class In this
3. And be 1t enacted, That all acts and parts,
whether general. public. local or special. in