The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1895-05-28
CHAPTER Cox.

An Act respecting the paving ana repaYlng OF
streets, avenues and public highways in cities of
the first class in this state and providing for the
payment of assessments for especial benefits to
property benefited thereby and the payment Of
contractors supplying the work and material
/. Be it enacted by the Senate and General AS
sembly of the State of New Jersey, That when
the board or body having control of the streets and
highways of any city of the first class CT this state
shall by ordinance provide Tor the paving and re-
paving of any street, avenue or public highway in
such city under the provisions of this act aud shall
enter into contract for the work and material or
any part thereof necessary or convenient for car
rying out the provisions of such ordinance and for
the performance of the work therein provided for,
it shall be the duty of such city to pay for such
work and material in the manner following
twenty-five per centum of each payment made
pursuant to the terms OF every such contract may
be paid in current funds from the capital fund &C.
count for paving and repaving in such city, or
for; the remaining seventy-hve per centum shall
be paid in current funds from the sale Of temper
ary loan bonds to be issued by the common cOun-
eli or other body having charge of the finances of
such city and which bonds shall upon their face
Indicate that they issued for street paving and
repaving; and it shall be the duty of the proper
officers of such city to keep record OF all tenn
porary loan bonds issued under the authority OF
this act and the time and place OF payment, both
OF principal and interest, and make proper
provisions for the payment Of the same as
herein provided; said bonds shall bear interest at
a rate not exceeding five per centum per annum
and shall be payable at the expiration of not more
than five years from the date of issue.
z
upon property especially benefited by the paving
or re-paviDg of any street, avenue or public high
way in any city of the first class in this state made
under an ordinance as herein provided, shall be
PAYABLE in five installments the first on before
forty days from the date of the confirmation Of
such assessment, the second, third, fourth, and
fifth in one two three and four years after date of
such confirmation respectively; the first INSTALL
ment of such assessment to be paid by the owner
Of property especially Denenssea sna id equal one
the second shall be for like amount, together
with interest computed at five per centum per an
mum upon the unpaid balance OF such assessment,
| and each succeeding installment shall be for one
| fifth of the amount Of the original assessment,
| together with interest computed at the rate
of five per centum per annum, up0nthe unpaid
balance of the assessment the ownerof the
| property so assessed for especial benefits may,
at his option, pay the whole Of the assessment
nation or at any time thereafter, with interest at
five per centum, instead of installments IS herein
provided for; in case any installment of such as
1 sessment Is not paid by the owner OF property
sessed for especial benefits at the time when the
is due and payable, then and IN that case IN
terest upon such instalment shall thereafter be
computed at the rate of ten per centum per an
mum; no property SO assessed for especial benefits
shall be sold for the non payment OF such assess
ment or any instalment thereof, and no proceed
| ings shall be taken to enforce the collection Of
| such installments SO due and unpaid until four
years from the date of confirmation Of said assess
of the comptroller and other proper officers Of the
city to cause such assessments to be collected in
|
| for like street improvements in said city.
3. And be it enacted That when the commission
ers of assessment or other body charged with max
\ ing an assessment upon the property especially
benef ted by such paving or re-paving shall have
made its assessment, and the same shall have been
confirmed, the amount remaining and unassessed
| upon property especially benefited and thereby
charged to the city at large shall be charged
J to and deducted from the capital fund &C
| count for paving and re-paying in such city, or
from such other fund as may be provided therefor
and there shall be credited back to said fund the
twenty-five per centum of the cost OF such i'm
provement If heretofore charged against such
fund for paving and repaving in such city such
other fund as may be provided therefor and IN
case the amount charged TO said capital or Other
fund for paving or repaving in such city shall ex-
coed the twenty per centum of the cost OF such
improvement, such excess shall be pledged to and
used for the redemption of temporary loan bonds
issued for said improvement; and in case the
amount so charged as aforesaid shall be less than
twenty-five per centum of the cost of said i'm
proyement then said difference shall be made good
to the capital fund account from the proceeds OF
the sale of temporary loan bonds of the same CHAR
acter as those herein before provided fori and al
moneys received from the assessments of especial
benefits or the instalments thereof shall be pledg
ed and used for the redemption of the outstanding
temporary loan bonds issued as aforesaid.
T. And be it enacted, That all written or PRINTED
proceedings had under the provisions Of this &C
shall refer to the number of the chapter Of Thu
act in the laws of this state.
g. And be it enacted, That all acts or parts o.
acts inconsistent with this act be and the same arr
hereby repealed, and this act shall take effect i'm
Approved March q, 1895.
CHAPTER CCXI.
An Act to provide for the incorporation Of Patio
logical and anatomical associations for the al
vancement of medical and surgical science.
i. Be it enacted by the Senate and General As
emily of the State of New Jersey, That an.
three or more physicians duly authorized and Il
censed to practice medicine under the laws Of thu
state of New jersey who shall desire to associate
themselves together for the purpose Of pathology
cal and anatomical study and the Advancement o
medical and surgical science may make, recor
and file certificate in writing in manner herein
after mentioned:
2. And be it enacted. That such certificate i
writing shall set forth