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Township committee may issue

ex

ceeding $5,500.

port its authority and suppress rebellion, should be filled wtih volunteers rather than with drafted men, did recommend and request the township committee of said township to offer bounties for that purpose; and whereas, the said township committee, acting upon said recommendation and request, have paid for bounties the sum of five thousand five hundred dollars; and whereas, it is deemed desirable that the indebtedness so created should be gradually paid off-therefore,

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That it shall be lawful for the townbonds not ship committee of the township of West Milford, in the county of Passaic, to provide for the payment of the said indebtedness by issuing bonds in the name of the inhabitants of the township of West Milford, in the county of Passaic, under the respective hands and seals of the said township committee, or any three of them, for an amount of money not exceeding five thousand five hundred dollars, in such sums, and payable at such time or times as the said township committee. shall deem proper, bearing interest at a rate not exceeding seven per cent. per annum, payable annually, and to pledge the property and credit of the said township for the payment of the same, which bonds it shall be lawful for the said township committee and their successors to sell and assign; provided, that no bond shall be sold by the said township committee for less than its par value; and provided further, that the bonds so issued shall be redeemable at a period of time not to exceed six years from the passage hereof.

Proviso.

May provide by taxation for payment.

Payment regulated.

2. And be it enacted, That the township committee of the said township of West Milford shall have power and authority to provide by taxation for the payment of the said bonds and the interest thereon; and the said township committee shall yearly and every year, until the bonds to be issued by the authority hereof shall be redeemed and paid off, order and cause to be assessed and collected by tax, at the time and in the manner that other taxes in the said township are assessed and collected, a sum of money sufficient to pay the interest on the said bonds as the same shall become due and payable, and to pay and discharge the principal at the several times it shall become due and payable; and that the township collector of said township, or other person for that purpose appointed, shall, when such tax or any part thereof shall be collected, pay the same to the township committee of said township; and all such moneys so to be raised by virtue of

this act shall be inviolably applied by said township committee to pay the interest and principal of said bonds, as the same shall become due and payable; provided, that not less Pro viso. than one thousand dollars nor more than two thousand dollars of the principal of said bonds to be issued as aforesaid shall be made redeemable in any one year.

ship commit

3. And be it enacted, That it shall be the duty of the said Duty of towntownship committee to apply the net proceeds of the bonds tee. that may be issued by virtue of this act to the payment and satisfaction of the debt and liabilities incurred in said township by the township committee thereof paying bounties to volunteers as aforesaid.

4. And be it enacted, That the debt and liabilities in- Debt ratified. curred in said township of West Milford, in consequence of the payment of bounties to volunteers, as mentioned in the preamble hereto, and the action of the said committee thereupon, are hereby ratified and confirmed.

5. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1863.

CHAPTER XLVI.

A further supplement to the act entitled "An act to incorporate the city of Hoboken," approved March twenty-eighth, eighteen hundred and fifty-five.

men in each

1. BE IT ENACTED by the Senate and General Assembly of Three councilthe State of New Jersey, That on and after the first Mon- ward. day in May next, the council of the city of Hoboken shall be composed of three councilmen instead of two from each ward of said city, who shall be elected annually, in the same manner and at the same time as is now prescribed for the election of councilmen by the act to which this is a supplement, and shall each hold his office for the term of one year.

compensation.

2. And be it enacted, That after the first Monday in May Not to receive next, no councilman shall receive any pay or compensation any time spent by him in the business of the said city. 3. And be it enacted, That the terms of office of the present office.

for

Terms of

councilmen of the said city of Hoboken shall all expire on
the first Monday in May next; and that so much of the act
to which this is a supplement, and all other acts and parts of
acts inconsistent with the provisions of this act, be and the
same are hereby repealed, and that this act be deemed a public
act, and shall take effect immediately.
Approved February 16, 1863.

Preamble.

Township

may raise

noney by taxation.

Mode of collection.

CHAPTER XLVII.

AN ACT to authorize the people of the township of Marlboro, in the county of Monmouth, to raise by tax an amount necessary to pay the bounties advanced to the Nine Months' Volunteers.

WHEREAS, the inhabitants of the township of Marlboro, in the county of Monmouth, did advance to the nine months' volunteers for the United States service from said township, the sum of four thousand five hundred dollars, to aid the state in filling her quota of men called for by the governor, and relieve themselves from the odium of a draft and the severity of a conscription; and whereas, it is necessary that a law should be passed by the legislature to legalize the raising of said sum by taxation-therefore,

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the inhabitants of said township be and the same are hereby authorized to raise, by assessment on the taxable property in said township, a sum sufficient to liquidate the amount advanced and expended in raising said volunteers.

2. And be it enacted, That the said assessment shall be made and collected at the same time and in the same manner as other taxes are assessed and collected.

3. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1863.

CHAPTER XLVIII.

AN ACT to confirm the acts of the Board of Chosen Freeholders of the county of Union, and authorizing them to issue bonds.

WHEREAS, the chosen freeholders of the county of Union Preamble.
have since the first day of April last borrowed money from
time to time, amounting to the sum of seventy-two thou-
sand two hundred dollars, which said money has been ex-
pended in paying bounties to volunteers who have enlisted
from the said county of Union for the war, and for other
purposes incident to the war, and for the general expenses
of the county, and have issued coupon bonds for the said.
sum of seventy-two thousand two hundred dollars, drawing
an interest of seven per cent., payable semi-annually; and
whereas, it is necessary that they should issue further bonds
to secure debts already contracted, and necessary to be
contracted for the purposes aforesaid,

1. BE IT ENACTED by the Senate and General Assembly of Bonds issued
the State of New Jersey, That all bonds heretofore issued to be lawful.
by the said corporation shall be and are hereby declared to
be valid in law, against the said corporation the same as if
they had been issued by an express act of the legislature for
that purpose.

coupon bonds

2. And be it enacted, That it shall be lawful for the said May issue corporation to issue, from time to time, their coupon bonds, for $2,800. with interest not exceeding seven per cent. per annum, for the further sum of two thousand eight hundred dollars, for any debts they may now owe or hereafter to be incurred by them, for the purposes mentioned in the preamble of this act. 3. And be it enacted, That this act shall take effect immediately.

Approved February 16, 1863.

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CHAPTER XLIX.

AN ACT to discharge the surviving trustee of the late Robert Morris, deceased, from the performance of certain trusts, and to appoint other trustees, and to empower them to sell such parts of the real estate of said deceased as remains unsold.

WHEREAS, in and by a certain act of the legislature of the state of New Jersey, passed November third, eighteen hundred and thirty-six, entitled "An act to confirm the sale of certain real estate of the late Robert Morris, deceased, by the surviving trustee, and to appoint trustees to sell such parts of the real estate of said deceased as remains unsold," upon petition of William Van Hook, surviving executor of James Boggs, deceased, who was the surviving executor of the will of Robert Morris, deceased, and surviving trustee of said estate of said Robert Morris, deceased, the title to the then remaining part of the residuary real estate of said Robert Morris, deceased, devised in trust in and by said will of said Robert Morris, deceased, and the title to all the real estate which was held by the said James Boggs and one Robert Boggs, as executors and trustees of said Robert Morris, or the survivor of them, as part of the estate of said Robert Morris, deceased, was passed over, conveyed to, and vested in the said William Van Hook and John S. Blauvelt, and the survivor of them; and said trustees, or the survivor of them, were thereby authorized to grant, bargain, sell and convey the same, or any part thereof, from time to time, at public or private sale, and in such manner, and to such purchaser or purchasers, as they, or the survivor of them, should think discreet and proper and for the best interest of the several persons entitled to the proceeds thereof, under the said will of the said Robert Morris, deceased; and whereas, it was also, among other things, provided, and enacted in and by the said act of the legislature, that the proceeds of the sales of said real estate should, by the trustees last aforesaid, or the survivor of them, from time to time, after deducting therefrom all costs, charges, fees and expenses incident to the creation or execution of said trust, to be paid over to said executors, &c.,

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