Perth Amboy evening news., 1921-08-03
CHATTER 2OI. LAWS OF 1921.

CHAPTER 2O1. LAWS OF 1921.
An Act authorizing the creation of a debt
Of the State of New Jersey for the con-
struction, extension and concerning inc
institutions of tire State under the state
Board of Control of Institutions anu
Agencies. by the issuing of bonds IN an
amount not to exceed fourteen million
dollars; providing the ways ana means
for the payment OF the interest," tIho
payment of the principal of SAID
debt at maturity, and the expenses IN
connection herewith. and providing 19p
the submission of this law to the people
at the next general election.
BE 1T ENACTED BY THE SENATE
mp NJ G EN- NEw OF IhN
Ronds Of The state Of New Jersey
are hereby authorized in principal amount
not e exee ood n6, f foT tha pn m15tlon of fo pays
ing the cost of constructing. reconstruct
ing. developing, extending and equipplhs
rxjsting and additional charitable. .hospl-
tai, relief, training. correctional retorma-
tory and penal institutions or appurteh-
ances thereto and of acquiring lana OF
lands. rights and easements insofar as
such costs are necessary in connection with
the construction or equipment OF such
state institutional buildings, railroad spur
and lighting plants. water supply and sew
age disposal plants, industrial and manu-
featuring plants ana apPuroerm nno
ssrv for the proper erection, operation
construction or reconstruction of such m
stifutions. Said bonds shall be known as
estate institution Bonds" and shall be
payable in not to exceed thirty years from
date of issue. but may be issued in whole
or in part for a shorter term as the Is
suing officials may determine.
- Bonds issued In accordance with the
1 provisions Of this act shall be n direct OBJ,
legation, Of the state of New Jersey, anu
hereby pledged for the payment of the IN.
ierestyf ssreon when d7ie, and the paymsn'
n Ossrne principal at maturity, me Rrl he
exempt from taxation by the state or by
any county, municipality, school district
tn Governor. state Treasurer and
Comptroller of the Treasury. constituting
the state House Commission, or any Two
Of such officials (herein sometimes REFER
red to as the issuing officials are mere
by authorized to carry out the provisions
OF this act relating, to the issuance OF
said bonds. and to determine all matters
in connection Herewith subject to the
provisions hereof. In case any of said
officials shall be absent from the state
or incapable of acting for any reason ms
mowers and duties shall be exercised ana
1 performed by such person as shall be au-
thorized by law to act in his place as a
4. Said bonds shall be signed in the
name OF tie State by the Governor or by
his facsimile signature under the sreat
seal of the State, and attested by the
Secretary of State or an assistant seer,
.ary of State, and sRall be eonntsrsisnS
BY the ComptrolIer OF me areasu,g VI atl
taohed to such bonds shall be signed by
the facsimile signature of the Comptroller
uI me itasu,s. a Of the Of
ncials siLning them or whose fac-simile
signatures appear on the bonds or coupons
haye ecaseu ~ M tirno of delivery of
said bonds to the purchaser.
va ehm nohun So ~ Mic act
my ~. sbIs o. was unlimited to the
4 ana tliat nus ~ vas nnnoraI oioctior
pedpig u II mo 9 n of N~ovenhrr one thou.
held IN me ihoh,h OK LIZ vmr ~
ssha hlhe huhaIIu any wv az n Taior.
" tuat tp'tlN.u ny - ,@,insf n
NY OF the Notes eaSt ~ anu s,t,
& at sucn eieston, SUI aet5onoo ~ tb,
npnus sn"ll ne ] ,ssna said bond.
aplioIit9 u ~ ~ ~ ~
ah0 OF tnsir NaIuitf. L. .rob For,
p W 9adu ponrS SD NV tbn ,ssuirr of,
~ may RI, ~ sbnii be ~ the 5enomina.
4 tlon OF one huhulTu uoifa!S, n amd 10,
] inereol, hot eHceeu,ns ~ It, uan dctcr
q lafs' as the lssulhs utIei"ls Hl'S No
hhhe' anu may pe coupUn ~ HTtj
pe Iesistettu as 70 p,5NV - wan
4 ih.s.N9' hoth nrinci,oI and ,ntarest
lsteIeu as y ~ inniu a.
a. rrha b9,dnrs a. co,nnr bonds shall
~ - rIie 30, 1orinr s,cl
bonds and repceiyine in lieu hereof regis
bonus anu ttoI.ttns VI y" ~
tered bonds without COUPONS, or OF nay
lns ~ SVupVi nv tHG1aNs rScisicre,
n pl.a9Ipai ~, cirnT M nr,v;Io,c oS srr
q rendering such bonds and Of receiving II
isnuet u y ~" tNrod bouds ~ =,
heu .heiept Nv nv S,S,,iua ,,ar ''u' "
AtEvi ~ , - uSt",tais ~ Iorob, MI
49, ~ ~ ~, Ia, nrI rer,is lions 70
4 .nei'~eu ~ 90 am,s "'" cdnE"rsia, m,
~ +ratinn ~ sstd bonds "
u ieeiS' tlVtYi' . SOW" nv t..,o, Ia. a.
.. H''" GtH S."n So :,
Ssuns oitSrnS ' s" ~ ,,rrnsns 90
.monIs iu"ou torizo3 rdLrti6ad IA
= NhiVu ~ ~ - %Hi g" 90 Ios,ttvoto,
u VIZ 9'a1V So, - Inro =
q anu - 80 - nn.to,l
.lme, ~ Ionu u d" 's scna r,to seTie
men "a "a IA ~. ~ ,ssIinr oNicial,
ii ~ ~ - Ill S"ar ,,,nn 80
f.agn ssIl.s - 'umo.a 9m"i - cnrur,
a y ihtslest' nv a. "''1 80 49,, ~ ~
N 1eF dnhuini as ma ~ g.b"nii "a
n lssuih5 oulcidIs, NJ" nn1vatSL 49, "a
%t nayanle sS~ihl-ahhualS IIuNiuIht 'u's III
ilst lhstalihlehl " lltSI,sl i,"! ne rTio
II iohger or snoItvp PJrioG bIa '" con%cn
instal,anents may DC p"S'o'' AZ 'V"'''