The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-03-03
disbursements. assets and
lIahilifias

penaitures, disbursements assets and
as. TO. provide for the paymen of the
CURED by the said Board in making the
colstructions and executing the work
it by this act, it shall nave power and
authority from time to time to issue
bonds in its corporate name, not to ex-
coed in amount such costs and expenses,
and not to exceed that part of such cost
and expense incurred in the work of
constructing sewers, drains, disposal ard
rights and interests in lands of which q
separate account is to be kept by said
Board as hereinafter provided: such
at such time, not Exceeding thirty Years
from the date thereof. and at such place,
eltheT IN currency. or coin, as. the said
terest at a rate not exceeding five per
centum per annum; in issuing such bonds,
the, said Board may IN It's discretion
due at stated periods less than thirty
years, or may reserve therein an option
to redeem and pay the same, or any part
between the date thereof, and the date
at which they would otherwise fall due,
and all such bonds nay be negotiated.
sold or disposed of at not less thar their
Far value, and the same or the proceeds
thereof may be used by the said Board
for the purpose aforesaid; provided, how
(fSAs tifdt pCACI6 dthF lSSuF snail De maze
the approval OF the Governor thereto
shan be manifested by mis- endorsement
Q3). That the said Board shall keen the
costs and expenses of the construction Of
sewers, drains, disposal and other works.
N which shall be included the costs of
arate from the costs and expenses of
maintenance, operation and repairs. n
shall. after having prepared and adopted
plans (Which, however, the Board shall
nave the power 10 cf1opQn ar mndifu IL
such change OF modification shall be
aound necessary OF desirablel make a
OF such construction, ar shall divide
and, apportion the same according to their
pest judgment between the several town
na1p7c salIIa - Dorongns, cities n local
IN the said counties through which
t thhsrasa sag SfTssams and the tributaries
within the drainage area thereof. ac-
eording to the benefits which the inhabj-
tants. of such municipal divisions shall
thereby receive, and shall furnish to the
sald several municipal divisions a state
ment OF such estimated cost expense
and of the division and apportionment
thereof made to each, and service there-
OF upon the Mayor or other executive
officer, the chairman of the Town Com
mittee. or upon the clerk or other eeuiya-
tent ofifcer OF such municipal divisions.
shali ne deemed service upon the muni-
such municipality shall be dissatisfied
with the division and apportionrnent of
such cost and expense so made as afore-
Sald, ana snail express such dissent by a
resolution adopted by a majority of such
board or body, then it shall be lawful
for such board or body in the corporate
name of such municipality to make an
plication TO any Justice Of the SUPREME
Court of this State for the appointment
of three disinterested Commissioners.
residents Of this State. to nake such
m~issfoners 50 appointed (having taken
and subscribed an oath before any person
authorized to administer oaths faithfully
\ lfnpartiaiiy to, perform the duties i'm
posed upon them by law) shall forthwith
at Such time and place as they may APP
point, and upon such notice as the said
justice may direct, hear the persons In
to make such division and superintendent
according to the best of their skill and
ability, and the division and apportion-
ment 50 made by them shall be final and
conclusive upon all parties; the said
Board of Commissioners appointed Under
the authority of his act shall also in a
similar manner furnish to each of the
SAID municipalities, after every issue and
sale of bonds, a statement of the amount
OF such bonds and the rate of interest
thereon and the proportion allotted to
Sucn municipality, and it shall be the
duty of each of the said municipal divi-
sions and the proper officers thereof. in
the next annual tax levy made therein,
ana at each succeeding year thereafter,
- tAAo Ctio1 ny dAdIkO tUC
amount required to pay the interest on
the proportion of such bonded indebted
ness allotted to U municipality; and
1t shall be the duty of each of such NUM-
cfpal divisions to cause to be levied and
assessed therein, In the same manner as
other taxes are levied and assessed there
IN, a sum equal to the amount of interest
so apportioned n allotted to the said
municipal divisions respectively, together
with UGH additional sum to be divided
and allotted between the said municipal
! ! in fha 30 NJ q ~ - 49,
said, as may be necessary to establish
and maintain a sinking fund sufficient to
pay the principal of the bonds issued by
| the aid beard under hi authority of this
act when they fall due; and it shall be
the duty OF all taxing officers and all
I collecting officers in the said municipal
divisions to levy, assess and collect the
/ said amount or sums so to be raised, and
it shall be the duty of the collector of
taxes in each of the said municipal divi-
sions, or other equivalent officer, to pay
to the board created under the authority
of this act the money so levied, assessed
| and collected out of the first moneys re-
ceived therein for taxes not otherwise by
law directed to be paid; provided, how
ever, that If it shall appear by the official
report of any State or Federal census
subsequently taken that there has been
such a change in the relative population
of the respective municipalities as to
ETnake the division allotment there
tofore made as herein provided grossly
negotiable and unjust. then upon a new
dpplcdtiuH py any inuHiclpalIly interest,"
ed as above provided a new division and
allotment of such cost and expense may
be made by Commissioners to be APP
pointed in the manner above directed.
I'D AS soon as the work of construo-
ton by this act authorized fof the cost
and expense of which a preliminary esti-
mate shall Y been made as herein pro-
| vided) has been completed, the said Board
/ shall proceed at once to ascertain the ac-
tuai cost and expense of such work, and
shall furnish to each eff the said NUM-
oipalities or municipal divisions, a state
raent of such cost and expense.
Q5). b the cost of maintenance, oper-
alton and repairs, together with the cost
Of supervision, and other expenses rem
| dered necessary by this act, o included
shall be annually estimated by the said
Board and divided n apportioned be-
/ tween the said municipalities upon the
basis as herein provided for the division
eff the cost and expense of construction;
and that the same when so divided and
apporticned, shall be levied, assessed
{ collected and paid annually IN the same
manner provided for the levying, assess
ment, and collection of the cost and ex-
ems of construction: provided, however,
that if at the end of any year when such
cost and expense shall have been accur-
ately ascertained, such estimate shall be
4 found to have been more or less than the
proper proportion of any such munici
patty, then the surplus or deficiency as
the case may be, shall be deducted from
or added to the sum to be levied. as
sessed and collected for the succeeding
year.
I after receiving from the said munieipaif-
& = A. = %st q Nr-- AZ frnr 49, Rulnx=