The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1894-07-04

issue its corporate bonds for any sum not exceeding
twelve per centum of the taxable value of the prop
erty rated for assessment; and such obligations
shall be issued in the name OF the city and under its
corporate seal, and shall be signed by the mayor
and atested by the city clerk and count rsigned 10y
the city treasurer they shall be of such denomna-
| ton and bear interest at such rate. not exceeding
five per centum per annum, and be payable at such
times and place, not exceeding thirty five years
from the date OF issue, rs the common council may
determine; they shall be disposed OF at not less
than their par value the proceedings of such secur-
tiles may be used for the purpose of making any Of
| the improvements authorized by this act and for
other lawful purposes; provided, that issue of
bonds exceeding the of ten thousand dollars at
any one time shall be made without the
of twO-thrds of all the members OF council IN every
instance the issue of bonds shall be authorized by
ordinance, and the purpose for which the bonds
to be used shall be expressed therein and the pro-
ceeds thereof shall be used for other purpose !;
whenever bonds are issued TO provide funds for any
of the purposes authorized by this act any part Of
the cost and expenses OF which is authorized to be
assessed upon the property benefited, the
ment for benefit in every such case shall he exCu-
sively appropriated for the redemption of The bonds
so issued and shall he Kept separate from the other
funds of such city and devoted exclusively to this
use and IL shall be the duty of the common council
to provide by taxation in the annual tax levy of
such city such sum, addition to the benefits so
assessed will he sufficient in every case to pro-
vide for the annual interest of the bonds so issued
and sinking fund for the redemption thereof.
which shall not be less than two per centum of the
amount so issued.
20 And be il enacted, That the mayor comp,
roler and the city treasurer and the city solicitor
eN othci0, shall constitute board of commissioners
whose duty il shall be take charge of the sinking
fund OF such city, and shall have power to make in
vestmentS thereof from time to time. and to pay
therelrom the obligations of the said city for winch
such fund is provided, as they may mature and the
interest thereon it falls dne they shall annually
report to the common council the conditions of the
funds under their charge and the investment there
Off and the common council shall have the power to
direct the manner in which such investment shall
be made
H. And be ii enacted, That il shall be lawful for
the common council OF such city TO make temporary
loans for period not exceeding, with any renewals
thereof two years. which loans shall only be in an
ticpati0n of city taxes and of assessments Tor laying
out and opening, strengthening, altering widen
ing any street, road highway or alley and for the
construction of sewers and drains, and the regulat
ing, grading and paving of streets aud sidewalks
and Tor fees imposed for licenses, and shall not
coed the amount of such anticipated assessments
taxes and license fees and all such temporary
| loans shall be retired and paid when the revenues
anticipated are received and it shall be lawful to
appropriate and use the moneys obtained ON tenn
porary loans in antciI alton of revenues for city
purposes and all moneys so appropriated and used
shall he provided for in the annual tax levy.
| y. And be IL enacted That whenever any bonds
shall be issued under the authority of this act II
shall be the duty OF the city clerk and the city treas
urer, under toe direction of the common council
and subject TO such regulations may be made by
the common council in relation thereto. to keep an
account of all such bonds in proper books, with the
numbers, uatee ana amounts thereof, when redeem
able, the place OF redemption the place where inter
est shall be paid and when payable with the title of
the ordinance authorizing the same and the names
of the person persons to whom the same shall be
| issued and they shall supervise the negotiation
thereof, aud shall make report thereof to the COM
mon council from time to time aud whenever
qnred so TO de- and ii shall be the duty OF the city
clerk to furnish TO the commissioners OF the sinking
fund statement showing the amount of every such
issue and all the particulars herein required to be
recorded, as soon Us the bonds authorized in any
DISPOSED
COMPTROLLER.
49, And be IL enacted, That II shall be lawful in
any such city TO create and establish the office of
comptroller whenever the common council thereof
shall by the passage OF m ordinance determine
to do, which ordnance shall define the duties of
this act.
"A. And be it enacted, That when such office shall
he established therein by an ordinance therefor,
the common council of such city, ut its first stated
meeting after the passage of such ordinance and the
approval thereof shall elect some suitable person,
resident of such city to therein and the per-
son so elected shall hold his office for the term of
three years. and until his successor is In like
manner elected aud has qualified.
10. And be II enacted, That the officer, before en-
tering upon the duties of his Office shall take and
subscribe, before any officer authorized TO admins
ter oaths and atiirmations in this state, oath
affirmation faithfully to execute the duties of ms
office to the best of his knowledge skill and ability
which oath or affirmation shall be filed In the office
of the city clerk of such city and he shall give
good and sufficient bond for the faithful perform
ance OF the duties Of hs office in such sum nv the
common council eecting him shall direct which
shall be approved by the common council and he
shall receive as compensation for his services such
salary as the common council of such city shall pre-
scribe
76 And be II enacted That il shall he the duty of
such officer TO sign all warrants the city treasury
10 superintend all fiscal of the city in such
manner and to report thereon at such times as the
common council shall by ordinance direct TO keep
separate accounts of all appropriations made by the
common council to each and every department Of
the city government, and to require all warrants
the treasury to state particularly against which au-
pIopriaii0n the said warrant Is drawn the said
officer, on receiving bill warrant, shall examine
the same, and II II be for any purpose for which
there is appropriation or the appropriation Tor
which is exhausted or to which for any other cause
he cannot give his approval, he shall report the fact
to the common council, and the warrant IN such
ease shall not be signed except by special authority
from direction by the common council he shall
upon the death, resignation, removal or expiration
of the term OF office of any officer person who by
law may he authorized tn receive or disburse the
moneys OF such city for which said comptroller is
acting as aforesaid audit and examine the accounts
Of such officer or person and report the condition of
his business to the common council he shall before
the payment of any warrant against such city first
audit the bill containing or making mp such claim
with a view to ascertain whether the supplies
charged to the said city, or the services alleged to
have been rendered, have been furnished and rem
dered as stated, aud whether the sum or sums de-
manded therefor are proper and after auditing
shall return said bill to the officer department
having control OF the appropriations against which
said claim is made and against which the warrant
Is to be drawn he shall, often he may deem
necessary, or as the common council may require,
suggest plans TO the said common council Tor the
Improvement, advantage and better management of
the finances Of such city he shall have the control
of the fiscal concerns of all departments and officers
of the city, aud may require at any time, from any
and all of Its departments and officers, full exhi
bit of their business and statement aud account,
in writing, of any or all moneys and property OF
said city within the control or In the hands of said
department and officers, and the said comptroller
shall Immediately In case OF any default delln-
quency official misconduct, report the same to
the common council and in order that he may full
fill his duties and make complete audits OF the ac-
count, he shall have power whenever he shall see
it, TO examine all books papers and vouchers per-
tanning to any and all departments of the city's
business and shall have free and uurestrained
access to them for the purposes aforesaid; and the
said officer shall also be authorized whenever In his
Judgment the interests of the city shall require to
examine under oath, any person presenting bill or
claim against such city for the payment of moneys
and also examine witnesses and 10 invest gate by
other evidence and inquiry, all facts relating to
such claim which, in his opinion are necessary to
establish the accuracy and good ialth Of such claim,
and to ascertain the ctys liability therefor that II
shall be deemed misdemeanor for such officer TO
sign any warrant or order otherwise procure the
payment Of any money from the city treasury, not
authorized by law.
POLICE COURTS.
H. And be II enacted That there shall he constitu-
ed in every city court to he called the city police
court (nseriing the name Of each city,, which
shall have power authority and jurisdiction fol-
lows the said court shall have, possess and
else all the jurisdiction, powers and authority in
civil and criminal matters which are may he
conferred upon justices of the peace in and for the
several counties of this state excepting such
conferred such justices of the peace by the fol-
lowing acts: an act entitled AN act constituting
courts for the trial of small causes" approved
March twenty -seventh, one Thousand eight hundred
and seventy -four. aud the various supplements
thereto an act entitled "An act concerning land
lords and tenants, approved March twenty
seventh. one thousand eight hundred and seventy
four aud the various supplements thereto; an act
entitled AN act for the relief of creditors against
absconding and absent Debtors approved March
twenty -seventh, one thousand eight hundred and
seventy -four, aud the various supplements thereto
an act entitled AN act concerning forcible entries
detainers," approved April sixteenth, one thousand
eight hundred and ioriy-six, and the various sup
pements thereto; and an act entitled IAN act to in
crease the Jurisdiction to justices of the peace ap
proved March twelfth, one thousand eight hun
bred and seventy-nine, which jurisdiction shall,
within the corporate limits OF said city, be exeu
sive of all other courts judges aud magistrates,
cepting the courts Of oyer and terminer and general
ai deliveries quarter sessions, and special sessions
of the counties Ct this state and the judges thereof
and the said court shall have exclusive jurisdiction