Newark post., 1911-03-08
The Sewer Bill
Continued from page o.
hereinbefore set ,orth.


Section Il. Two-thirds OF the tota,
cost and expense OF the work to be
done under the provisions OF this Act
Shail be assessed as herenbeiore pro
yided for. The residue or remaining
one-third OF said total cost over and
above the aggregate OF the amounts
assessed upon the property owners, as
herelnbefore set forth, shall be de-
trayed out OF the funds which shall
be raised by the said Commission, BY
the issue and sale OF bonds, as herein
alter set lorth.
Section 49, The Treasurer OF the
Sewer Commission OF the Town of
Newark shall render an account of ali
| moneys received or collected by him
under the provisions OF this Act. to
| the Sewer Commission, aforesaid, at
such times as the said Commission
shall require All payments made to
the Treasurer aforesaid under the
provisions of this Act and all moneys
raised by the said Commission by the
issuance and sale OF bonds under the
provisions of this Act, shall be de-
posted in Bank or Trust Company
| at the Town OF Newark, to a special
account, which shall be known as the
Newark Sewer Commission" account,
All moneys being in said account shall
be payable only on check or warrant
signed by the President and Treasurer
OF the Sewer Commission of the Town
of Newark None OF the moneys aiorrs.
said, shall be used for any other pur-
| pose than to pay for the work con-
tempsted by this Act.
| Section H. The Sewer Commission
OF the Town OF Newark is hereby au-
! thorized to require the Treasurer G..
| said Sewer Commission to give bond
| which shall be to the Town of New
ark, in the penal sum to be fixed by
| said Commission and with such sure
| ties as said Commission sail approve.
| The condition OF said bond shall be
prescribed by the said Commission.
Section IS. The Sewer Commission
OF the Town OF Newark is hereby au-
thorized to borrow money on the faith
and credit of the Town OF Newark,
executing a noe or notes OF said Town
therefor and pledging as security ior
such loan the proceeds of the assess
ments to be collected for doing the
work authorized by this Act, provided
however, that the aggregate of the
sums borrowed under this section
shall not exceed the aggregate amount
OF assessments unpaid at the time OF
the execution OF an, note or notes
aforesaid. All moneys so borrowed
shall be deposited to the credit OF the
Newark Sewer Commission accoun
provided for in Section II of this Act
Sewer Commission OF the Town ot
| o,1. eb,1l Ill Io o.,
the inspection OF the Council OF the
Town OF Newark and said Commls.
sion shall at least every six months
and oftener if requested bv said Coun,
eli o fthe Town of Newark make a
report to said Council OF Newark, ot
; bits acls and doings, of all money ex.
pended by It's authority and OF all OBJ
legations incurred by it.
Section II. The Sewer Commission
, aforesaid shall at every meeting to
hear objections to- assessments, a:
, hereinbefore set forth. whenever re
quested by any party III interest, eS
hibit such accounts or data as ma,
J, Eenable said party to understand now
the amount OF the assessment agains
his property was arrived at.
:. Section IS. The sewers authorized
|. by this Act shall be completed within
:. two years after the acceptance by {
!. majority OF the Voters OF the Town o
!. Newark, OF the plans, specifications
drawings, and estimations OF the cos
as aforesaid, as set out in Section
of this Act
:, Section 10 When the word Street
is used in this Act, it shall be constru
< ed to mean that portion OF any street
y road, avenue, lane or any alley lyidt
between the established curb lines anC
regularly recognized as a public high
way,
Section 20. For the purpose of pro
/, viding the residue OF the funds requir
ed for the work contemplated by th
Act, over anr above the aggregate o
the assessments against the propert.
affec ed thereby the Sewer Commission
Of the Town OF Newark is hereby au
,horized to borrow such sum or sum
r q. money as may be required for SAT-
l. purposes. not to exceed in the ag
gregate sum of one-third OF the I'll
tire cost Of building and maintainin.
:, said Sewer System, as aforesaid, ant
l. to this end the said Commission i
hereby authorized and empowered t.
/ issue and sell bonds OF the Town o
Newark, said bonds to be known a
7 Newark Sewer Bonds. to an amoun
= not exceeding in the aggregate tn
one-third of the entire cost of build
ing and maintaining said sewer sys
l. tenn The said bonds shall be issue
(. in the denominations OF five hundre
e, dollars each and shall be numbere
I. consecutvely beginning with numbe
4. one and shall bear interest at sue
of rate per annum as the said Sewer Com
mission shall determine, not exceeding
i four and one-half per centum per al
mum, payable semi annually at tn
Council Chamber OF the Council of tn
., Town of Newark or such other plac
in the Town OF Newark as the Sewe
Commission shall determine. Th