The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1894-07-11
CHAPTER coxCIv.

An Act to enable cities of the second class in
this state having population Of less than
fifty thousand inhabitants to issue bonds
for street and sewer improvement and to
provide for the superintendent and pay
ment thereof
BE It enacted by the Senate and General
Assembly of the State of New Jersey That
whenever any assessment for benefits result
ing from any street or sewer Improvement
to be hereinafter made by order of the COM
mon council or other governing body OF
any city of the second class in this state
having u population of less than fifty thou
sand Inhabitants shall have been duly ratl-
premises 30 assessed may, within sixty days
after the first public notice of such assess
ment. as is now required by law, shall have
been published. pay TO the proper officer OF
land or premises of such owner and be there
b. relieved from ali liability 10 future as
sessment In IN respect 70 sna r M
for the common council or other governing
board of such city to issue bonds OF the said
city in manner and form as other bonds OF
such city are now authorized by law to be
issued to an amount sufficient to pay the
balance of the cost of such Improvement
from the proceeds arising from the sale OF
said bonds; said bonds shall be payable dur
ing period not exceeding ten years from
their issue. shall bear interest not exceeding
six per centrum per annum, payable seml-an-
nually; shalt be exempt from taxation IN the
hands of holders OF the same aud snail not
be sold for less than their par value; IL shall
be the duty OF the common cOuncii OF Otnef
governing body of such city to apportion
the entire amount OF the bonds SO issued
among the owners and upon the lands
along the lines of the street or section OF
street so improved upon the same basis as
the original apportionment of cost. except
ing therefrom all lands the owners of which
shall have paid his. her or their share of cost
as hereinbefore provided; the said apportion-
ment of bonds shall be delivered Immediately
upon their issue to the city clerk of such city,
who shall certify the same TO the official re-
ceiving the annual taxes, and the same shall
be recorded in books to be kept for that
purpose by said city clerk and said official re-
ceiving the annual taxes. and such record SHAH
thereafter be competent evidence OF such
and of the amounts assigned
60 the several tracts of land embraced therein !;
II shall be the duty of the said city clerk, each
year in the month OF May. to ascertain the
amount of interest which will fall due ON said
bonds on or before the time fixed by law for
the payment of taxes in the next succeeding
year and to certify the same, together with
one tenth of the entire principal of the bonds
issued . to the assessors of the said city, whose
duty IL shall be to assess the same upon the
basis of the apporti0nment; and the several
sums so from year to year assessed shall nave
the same effect and be collected at the same
time and in the same manner as other taxes
are collectible by law within such city for
county and city purposes. but until the actual
levy OF such assessment, neither the liability
% assessment in this section created nor the
nor record thereof shall be held
" construed 10 be nor to create subsisting