The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-22
cHAprER eLxxV

ly. ~
Approved May 9, 1894.
CHAPTER. CLXXV.
A Implement to an act entitled An. act
for the relief of creditors against abb,
conbing and absnt debtors" Reyision),
approved March twenty-seYenth, ammo
domini one thousand eight hundred and
seventy-four.
/. 81 it enacted by the Senate and Cen
eral Assembly of the State OF New Jer-
sey, That in every distribution made IN
act to which this is a supplement OF any
moneys attached or arising from the
sale of goods and chattels, LANDS ana
tenements of the defendant or defend
ants, and in any assignment made or
chosenchosen in action. rights and ere
dts of such defendant or
there shall first be paid to the pla1ntiiI or
plaintiffs In attachment the whole
amount of his or their Judgment against
the defendant or Defendants, ana me
balance of the moneys shall be dls-
tributed and the chooses in actlo, flghts
and credits assigned among, the rest OF
the applying creditors as now proVlaeo
by law.
3. And be it enacted, That all acts and
parts of acts in so far as they may pc
inconsistent with this act are hereby
repealed.
Sand be it enacted. That this act shal
take effect nimmediatly.
Approved May 8, 1874.
CHAPTER CLxXVI.
A uTlIe SQpplSlilCIikt " la
for the formation of borough governments,
approved April fifth. one thousand eight
hundred anad seyenty-eight.
Whereas, Doubts have arisen Whether te
provisions of the aforementioned act per-
nit the organization of boroughs smorachg
within their territory parts OF more imam III
township; now, therefore,
l. Be 1t enacted by the Senate ana IeneIai
Assembly of the State of New Jersey, That lhe
provisions of the act to which this is d lul-
Their supplement be and the same are nerepy
TO- - 80 10 tho formation Oh
boroughs embracing within their territory parts
of more than one township, and that al
boroughs heretofore or hereafter lorIneu "
virtue of this act, embracing within their yer,
ritory parts of more than one township, sinai
be as valid as If the same included part OF one
township only; provided. that the provisions To-
the formation of such boroughs are othef-
wise regular and in conformity to Sald ACT.
2 And be it enacted, That at the election LOT
borough officers the legal voters OF sueh
borough shall be entitled to vote for a CHOSEN
freeholder who shall represent suca no a oennt -
the board of chosen freeholders of the county
in which such borough is situated, and De d
member of such board, but that such voters
shall not be entitled to vote for CHOSEN Lfes-
holder for any of the several townships IN
which such borough is situated, and of which
it forms a part.
3. And be it enacted, That all acts and parts
of acts inconsistent with the provisions OF tnis
act be and the same are hereby repealed, ana
that this act shall take enect lhnHleoia'eiSt
Approved May 9, 1894.
- r .E
CHAPTER CLXXVII.
An act authorizing the issuance OF TAX
arrearages bonds in townships
1. Be it enacted by the Senate Gen
eral Assembly Of the state o; 11 this state tate
which now has, or which may hereafter
nave tax arrearages due ana unpaiu' an
which are a lien upon real estate IN salu
townships, which shall in the aggregate
equal or exceed the sum of one hundred
Thousand dollars, it shall be lawful Tor
the township committee OF any SUI
township to direct by resoiutlon' wndcd
shall recite the amount of such unpaio
tax arrearages, that tax arrearage
bonds'shall be issued to an amount not
exceeding eighty per centum or the oris-
inal assessment OF taxes SO rentailian5 ur
ship committee to issue Its corporate
bonds for such an mount, pledslng ne
whole property of the township LOT ehe
payment thereof, and especially pieaglns
ali receipts from such a~rrearages of taxes
so funded thereby, and Such ponuS sHali
be signed by the chairman OF tne .oWh-
ship committee and attested by inc
township clerk under the corporate sea-
of the township, and shall bear interest,"
at a rate not greater than hVe per cen
tum per annum, payable Seml-annually
and shall not be sold at less tnean pal,
and said bonds may be either registered
or coupon, as the said township commit
tee may direct.
3. And be it enacted, That all moneys
received as prlIlclpdl anu htCiSo
count of said taxes in arrears, for the ar,
rearage of which bonds shall be issued
by virtue of the provisions OF TINS act,
are hereby pledged and approprlatea 70
commissioners of the sinking fund or
such townships heretofore appointed or
hereafter to be appointed by ordinance
of such townships for the payment OF the
principal and interest of such ponus IS
sued under this act, and it shall be the
duty of such commissioners OF the SINK
ing fund to pay the interest on such
bonds as the same falls due, and all sur
plus money coming into their hands
above the amount needed to pay the m
terest shall be safely invested by them
and applied to the paymen OF sald ponos
as they fall due. =,
g. And be it enacted, That it shall be
the duty of the collector, receiver OF TAX
es or township treasurer, as the case
may be, to keep a separate account Oh an
moneys received on account of taxes in
have been issued under the provisions or
this act, and pay the same as received to
or deposit the same in a designated re-
pository to the credit of the commission
ers of the sinking fund of such township
as he may be directed by the township
committee by resolution.
4. And be it enacted, That the Donds is
sued under the provisions of this act
shall be payable within not more than
be made payable in equal annual install
ments. at the option of the township
committee.
S. And be it enacted, That this act
shall AXE effect Immediately.
Approved May 9, 1894.
CHAPTER CLXXVIII.