The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-07-28

to issue bonds of such county, in the
proper corporate name and under the
corporate seal thereof, for such sum or
sums or money as may be needed; pro-
vfded, the total sum-, exclusive of Interest
to be paid on such bonds, shall not exceed
said sum of one hundred thousand doll
lars; said bonds so authorized to pc issued
shall be signed by the director or direc-
tor at large OF such board of chosen free
holders, and the county collector of the
county, and shall state upon the face
thereof for what purpose the same are
are made and issued; they shall be issued
IN sums or not exceeding one thousand
dollars each, and bear interest not excesd-
ing four and one half per ceutum per
annum; they shall run for and be made
due and payable at such time or times, not
exceeding thirty years from the date OF
issue, as said board shall by resolution
determine at the time Of ordering the
issue thereof, and provision for meeting
or redeeu iing the same as they become
due and payable shall be made at such
times; every year so long as said bonds
are outstanding provision shall bs made
by appropriation of none to meet and
pay q portion thereof, they shall be pay
able. principal as we'll as interest, at the
office or such county collector; such bonds
shall be sold at not less than par values
upon bids duly advertised tor or other
wise; same may be either registered or
coupon bonds, or both, and coupon bonds
may BIS exchanged for registered bonds
and vice versa, at the request of the
holder; provided, such board shall first
consent to such exchange.
5. And be 1t enacted that the work Of
the construction or reconstruction of such
bridge, SO as aforesaid provided for, shall
be done by contract or contracts to be
awarded therefor 10 the lowest bidder,
uuon bids or proposals TO be invited by
advertisements published in not less than
two newspapers circulating in such
| comfy, for not less than two weeks pre-
vious to the time fixed for the receipt of
such bids; the plans and specifications
for such bridge shall be on exhibition at
the office of such board for a like period
of time; any bid or part OF q bid may be
rejected if deemed for the best interest
of the county 10 do so; security by bond
or like Obligation shall be required for
the faithful performance of such con-
tracts in a sum of not less than fifty per
centum of the same, Il in no instance
shall less han two sufficient sureties be
required, who shall be freeholders own
ing lands and real estate la such county,
and affidavit thereof shall be attached to
such bonds; said board may impose such
other requirements by exaction from The
bidders for the work of q deposit of
money or certified check, or otherwise, to
secure faithful performances OF such con-
tracts auQ proper protection or the In
| terests OF the county la matters relating
thereto as may be deemed prudent.
4. And be it enacted. That such board
may adopt such rules aud regulations for
the operation of working of such bridge
aud the persons employed Lhereat, as shall
be reasonable and proper; provided, the
same shall not abridge the right DO navi-
gate such rivers or streams Us the same
now exists. but 1t js hereby expressly pro-
Ui6p6 th at In Eli a lp0hSfrunfiNn and nan
struction aforesaid whenever 1t snail be
necessary to close the bridge and stop
travel over the same that may be done
and the county shall moi be liable for any
damage, injury, loss or expense which
may be claimed therefor or by ANY reason
thereof.
5. And be 1T enacted, That all acts and
parts of acts Inconsistent with the provis-
ions of this act be and the same are here
by repealed. and this act shall take effect
Immediately.
Approved March %, 1892.