The Penn's Grove record., 1892-06-10
CHAPTER XVII.

An Act to enable boards having the control
of the water supply in the cities of this
stateto construct reservoirs for the storage
of water.
Whereas, in some of the cities of this state it
has been or may he found that the storage
reservoirs used to retain water for immedl-
ate use in case Of accident 10 the works
through which the supply is maintained,
are not sufficient in capacity to provide
against such contingency; therefore,
1. BE it enacted by the Senate and General
Assembly of the State of New jersey. That
it shall and may he Lawful for the board or
body having control of the water supply In
the cities of this state to construct and pro-
vide a reservoir or reservoirs for the storage
of water sufficient in capacity TO retain and
hold for immediate use, in case OF accident TO
the works, by which he ordinarydaily supply
is maintained, a quantity of water equal TO
the average daily consumption therein, for at
least ten days, and such board shall have
authority for this purpose to make necessary
contracts, to purchase or condemn lands,
either within or without the limits of such
city as may be deemed most advisable, and TO
build. construct and complete such reservoir
or reservoirs and to connect the same with
the mains or pipes through which the water
supply VI INC Sdlut lAN ~ hleti ibul'h'
2. And be Ii enacted. That it shall be the
duty of the common council or other govern
ing body or board having control of the
finances of any such city. OF requisition
therefor made by the board or body having
the control of the water supply therein, to
furnish from time to time the money neces-
sary TO provide such reservoir or reservoirs,
and all the cost connected with the purchase
of the land, and the construction and com
plction thereof; all property purchased by
any such board or body shall be purchased in
the name and for the use of such city, and
title shall be taken in the name of such city
therefor.
3. And be it enacted. That to enable such
city to obtain the money requisite for the
purpose aforesaid, such city may issue Its
temporary loan bonds or certificates bearing
interest at a rate not greater than five per
,onrum per aruum, and may renew the same
from time TO time'untn the works so author
lied to be constructed shall. ne uJIupiy.5i.
4. And be ii enacted, That when such reser-
voir or reservoirs so constructed as aforesaid
shall nave been fully completed, it shall he
the duty of the board N body having charge
of the construction of the same, and the con-
troll of the water supply in such city, TO make
and file with the clerk OF such city Il state
ment of the entire cost and expense of con-
struction, including the costs of the land ac-
quired. and all other expenses, and the said
city shall t%hereupon issue permanent bonds,
| negotiable in form, to run for Il period not
less than twenty nor more than thirty years,
sufficient in amount to pay the entire expense
connected with the construction of the said
reservoir or reservoirs, and to take up and re-
deem the temporary loan bonds or certificates
from time to time issued for the purpose of
raising the money necessary TO carry on such
work such bonds shall bear interest AT Il rate
not exceeding five per centum per annum,
and shall be of such form as such common
council or other governing body or board hay
| ing control of the finances may determine;
the interest thereon shall be payable semi
annually, and they Shall not be disposed of at
less than par; the proceeds thereof shall be
used exclusively for the purposes hereinbe-
fore set forth.
I. And he it enacted, That for the purpose
of providing a fund to pay the interest ON
the said bonds while outstanding, and the
principal when due. there shall be set apart
from the net revenue received from water
rents and water rates in the said city not
otherwise pledged such sum as shall he sutf-
Client to pay the interest as il falls due ana
I ibt Il ~ HAh - 'hN htAfA ''NA@N 80 =
provided. however, that if it shall be found
that the receipts thus pledged are insufficient
to furnish a fund from which to pay the an
nuaI interest on the said bonds, and to pro-
vide IA sinking fund of not less than two per
centum of the principal of the said bonds per
annum, then it shall be the duty of the com
mon conncil or other governing body OF
board having control of the finances of sucl
city to raise q sum sufficient for this purpose
in the annual tax levy of such city, and TO
apply the sum raisel for interest to the pay
ment of annual interest on the said bonds
and to pay over the sum raised as a sinking
fund to the sinking fund commissioners ol
such city, for the redemption OF the sai'
bonds when due.
c. And be it enacted, That In case it shall 1T
found necessary TO condemn lands for site
for such reservoir or reservoirs, proceeding
for such condemnation. and the method o
procedure in such condemnation proceedings
shall be the same provided for in the act en-
titled AN act TO empower cities 10 acquir
lands for public use by condemnation, ~ ap
proved March seventeeth, one thousand cigh
hundred and ninety-oue,
Z. And be il enacted, Thai all work and ma
terials required in the building and con
structing of such reservoir or reservoirs shal
ne Obtained DS contract, atlu pusllc hullc
shall be given by the board having control o
such work. by proper public advertisement
so that ample time maybe given for the re
ceptiOn of sealed proposals for the doing O
the work and furnishing the Materials; COZ
tracts shall in all cases be awarded to the biz
r der who, in the judgment Of the board, Ollcl
= the terms most advantageous TO the city AN
such board may reserve the right TO reject II
bids. The bidder or bidders to whom sue
! contract shall be awarded shall give bon
J., with ample security for the faithful pc
Q Torrance of the contract; all such bOut
, shall be executed to such city in Its corporal
4 name, and after being duly recorded In II
4 office of the county clerk OF the unit
+ which such city is situated, shall he drposito
for safe keeping with the comptroller or liz
financial officer of such city, and in case al
such bono shall be lost or destroyed. then tt
record or a certified copy thereof may he us,
in evidence and shall have like effect as Il
original bond provided that such board sha
@ not make any contract or perform any won
in any city under the authority of this Al
y when the approval or concurrence of II
e therein is now required until such approx
o or concurrence has first been obtained.
d S. And be it enacted, That this act shall
Ie deemed a public act and shall take effect il
mediately; and that all acts and parts Of az