The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1894-08-21

Act to enable cities Of the second class in this
state having population OF less than nifty thous-
and Inhabitants TO bonds for street and sewer
improvements and to provide for the apportion-
| ment and payment thereof
l. Be It enacted by the Senate and General Assem-
bly, Of the State Of New Jersey, That whenever any
assessment for benefits resulting from any street.
Improvement TO be hereafter made by order OF
the common council or other governing body of any
city the second class in this state having popu-
aton OF less than nifty thousand Inhabitants shall
have been duly ratified aud confirmed, any owner of
land or premises assessed may, within sixty days
after the first public notice OF such assessments
is now required by law, shall have been published.
assessed upon said land or premises OF such owner
and be thereby relieved from sill liability to future
assessment In respect to said Improvement.
.. And be 1t enacted, That 10 shall be lawful for
| the common council or other governing board OF
such city 10 issue bonds Of the said city in
and form as other bonds Of such city author
lied by law TO be issued, to Smount sunnoient to
pay the balance of the cost OF such improvement
from the proceeds arising from the sale q said bonds
said bonds shah be payable during period not
ceedng years from their issue, shall bear interest
not exceeding six per centum per annum, payable
semi-annually; shall be exempt from taxation in the
hands of the holders Of the same aud shall not be
sold for less than their par values it shall be the duty
OF the common council or other governing body Of
such city to appCrton the entire amount OF the bonds
issued among the owners and upon the lands along
the lines of the street section OF street so tmprOy
ed, upon the basis as the original spportiou-
ment OF cost excepting therefrom ali lands the own
OF which shall have paid hts hey their share of
cost hereinbefore proydedthe said apportionmsRt
issue to the city clerk of such city who shall certify
the same TO the official receiving the annual taxes
and the same shall DO recorded In books to be kept
for that purpose by said city clerk and said official
receiving the annual taxes, and such record shsn
thereafter be competent evidence Of such Apporon-
ment and OF the amounts assigned to the several
tracts of land embraced therein IL shall be the duty
the said city clerk each year in the month OF NAV
to ascertain the amount Of interest which Will fall
due on said bonds before the time fixed BY law
for the payment of taxes in the next succeeding year
and to certify the same, together with tenth OF
the entire principal OF the bonds issued the assess
Of the said city whose duty t shall be to assess
the same upon the basis or the apportionment; ana
the several sums from year TO year assessed shall
have the effect aud be collected at the same
time and In the manner other taxes are coil
lectlhle by law within such city for county and city
purposes but until the actual levy Of such assess
iuent neither the liability TO assessment In this see-
ton created the superintendent nor record there
of shall be held or construed TO be nor to create
subsisting lien encnmbrance upon the title 10 the
lands embraced in said apportionment and ali mon
eys collected in pursuance Of this section are hereby
pledged the payment Of the principal and intereet
of the bonds aforesaid and shall be used cr no other
purposes,
g. And be It enacted That this act shall take e.
feet Immediately.
Approved May H. 1894.