Gloucester County Democrat., 1893-03-09
The Deptfor,I schooI RiII.

The bill embodying the views of Council
and the Committee of Depttord School pro-
viding for the transfer of the latter property
on Delaware street to the city has passed
the Senate and will doubtless pass the House
and be approved by the Governor. It's text
is as follows:
An act to enable the city council or other govern
ing body of any municipality of this State to cept
trusts and purchase property for the purpose of car
rying out said trusts.
WHEREAS, There are number of school socie cites
and religious organizations of this State possessed
of personal property and valuable real estate in
cities of this State, which, owing to the establish
ment of numerous excellent free schools and pnb-
lie institutions of like character, renders it i'm
possible or imprachcable for said societies and
Organizations to continue the maintenance of such
society or organization for the purpose for which
it created, and which said societies or orgsni-
cations are desirous of conveying to the munich
pality in which they located, personal property
and valuable real estate for the purpose Of public
buildings and also for the purpose of maintaining
free reading room, library or institute for the
benefit of the public; and also to sell to said mu-
ncipality certain real estate adjoining property
which they desire to donate convey to said Eu-
nicipality for the purposes aforesaid, the income
from which adjoining property, so to be sold shsll
be used by said municipality for the purpose of
carrying out the terms and conditions of said
trust; and 1hereds, the said societies or organi-
cations desire to make such conveyance Of prc-
be maintained free reading room, library and
museum, and q place for free lectures on philo-
sophical, mechanical and kindred subjects, which
| tend to elevate the minds and morals of the peo-
| pie and be of special benefit to the community
and whereds, such purpose an only be accom-
plished by trust which would be most likely To
| exist in perpetuity, and municipal corporations
| are the only form of corporations in this State
which have any assurance Of perpe.uity, and
therefore such objects best be attained by the
| intervention of some municipality; therefore,
l. Be it enacted by the Senate and General As,
semby of the State of New Jersey, That it sh I'll
any may be lawful for the city council or other gov
erning body of any municipality of this State to &C
cept any trusts for the purposes aforesaid and to
appoint any number of trustees designated by the
terms and under the conditions of the deed or in
strument creating the trust and conveying the rea
or personal estate, or both, to said municipality
ard it shall also be lawful for the sad city counci
or other governing body of said municipality tC
purchase lands belonging to said society or orgau
zstion, adjoining the lands conveyed TO said mu.
nicipaty Tor the purposes aforesaid, and to issue
| bonds to amount not exceeding ten Thousand
dollars in payment for said lands so purchased
pT0Utded that the interest accruDg upon said bonds
shall be used and devoted for the purpose of main
taiuing said trust and carrying out the purposes
thereof,
| O. And be 1T enacted That nothing herein con.
tanned shall be construed to make any municipality
liable for the misappropratfon of the funds created
l by said trust, nor to make good any diminution
thereof resulting from the wrongful acts of it,
agents or any person or persons appointed In con.
| formity with the terms and conditions of the deed
or instrument creating said trust; pr0Uided, how
ever. should any agent or officer of said municipality
be under bonds thereto and upon default, the mu.
nicipality should recover from the srretes sale
bond sum sufficient to pay or make good thG
| amount of misappropriatton of said funds of said
trust, then said municipality shall make good the
came out of the amount so received and provided
further, that any msappropriation Of the funds
aforesaid shall in no wise effect the trnst atores aid
g. And be it enacted, Tha all acts parts of acts
inconsistent with the provsions OF this act be and
the same are hereby repealed.
T. And be it enacted, That this act shall take
effect Immediately.