Action of commissioners ratified. Transfer of property to managers of home. Tax exemption. should be made for the payment of the same according to the terms thereof; And Whereas, It is the object and intent of the herein before mentioned act that the said home should be provided, furnished and equipped from and out of said moneys so as aforesaid received or to be received by the commissioner of banking and insurance from fire insurance companies : BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. The action of said commissioners in making said purchase of said Lathrop homestead property for a firemen's home and the making of said contract for alterations and repairs thereof and thereto and the giving of said two mortgages as aforesaid is hereby ratified and confirmed. 2. Upon appointment of the said board of managers pursuant to said act approved April second, one thousand eight hundred and ninety-eight, the present commissioners to provide a proper and suitable firemen's home for the aged, indigent and disabled firemen of this state, shall forthwith convey and transfer the title to said Lathrop homestead and all other property, real and personal, by them held for the uses and purposes of said home to "the board of managers of the New Jersey firemen's home," their successors and assigns; said Lathrop homestead property to be conveyed subject to the payment by the said board of managers of said two mortgages; and said board of managers is hereby authorized and empowered, directed and required, from and out of the said moneys to be received by them from the commissioner of banking and insurance under and pursuant to said act approved April second, one thousand eight hundred and ninety-eight, to first pay any installment or installments of the principal of said mortgages or either of them, together, with the interest thereon, that may become due and payable in any year or years succeeding their appointment as such managers, until the said mortgages be fully paid and satisfied. 3. The property, real and personal, of the "board of managers of the New Jersey firemen's home," and held or used by the said board of managers for the uses and purposes of said firemen's home, shall be exempt from taxation, state or municipal, under any law of this state. 4. This act shall take effect immediately. CHAPTER 21. An Act to authorize the incorporated cities, towns, townships, boroughs and villages of this state to borrow money in anticipation of the collection of taxes and assessments. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: collections. 1. It shall be lawful for the governing bodies of all incor- Borrow funds to porated cities, towns, townships, boroughs and villages of anticipate this state to borrow money in the name of their respective municipalities in anticipation of taxes and in anticipation of assessments for public improvements where the work has been begun and where the same have not been confirmed and when bouds have not been sold to pay cost thereof, and to issue the notes or other obligations of such municipalities therefor and to renew the same as occasion may require; provided, however, that in no one year shall more than eighty Proviso. per centum of the taxes for that year of any such municipalities, exclusive of county taxes, be borrowed, nor shall money be borrowed in excess of eighty per centum of the cost of any public improvements prior to the completion of the work thereon and the issuance of bonds for the same; and provided further, that the rate of interest upon any loans Proviso. negotiated in anticipation of such taxes and assessments shall not exceed the legal rate established in this state. of act. 2. This act shall be deemed a public act and shall take Construction effect immediately, and shall not repeal, or be construed to otherwise change, any charter of any city, town, township, village or borough of this state. Approved March 13, 1899. Constables' fees. Repealer. CHAPTER 22. Supplement to an act entitled "An act relating to courts having criminal jurisdiction and regulating proceedings in criminal cases" [Revision of one thousand eight hundred and ninety-eight], approved June fourteenth, one thousand eight hundred and ninety-eight. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. Constables attending prisoners under examination before a justice of the peace shall be allowed fifty cents for such attendance, to be paid in like manner as other constables' fees in criminal cases. 2. All acts and parts of acts inconsistent with this act are hereby repealed, and this act shall take effect immediately. Approved March 13, 1899. Corporation of religious societies. CHAPTER 23. A Supplement to an act entitled "An act to incorporate associations not for pecuniary profit," approved April twenty-first, one thousand eight hundred and ninety-eight. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. The act to which this is a supplement shall not operate to repeal the act entitled "An act to incorporate the trustees of religious societies" (Revision), approved April ninth, one thousand eight hundred and seventy-five, and its supplements, but religious societies may be incorporated either under said act or under the act to which this is a supplement; all proceedings taken pursuant to the said act ap proved April ninth, one thousand eight hundred and seventy-five, and its supplements, since the passage of the act to which this is a supplement, are hereby ratified and Certain proceedmade valid. 2. This act shall take effect immediately. Approved March 13, 1899. ings ratified. CHAPTER 24. An Act for extending the time for completing certain rail roads. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: for completing railroads. 1. Whenever the time limited for the completion of any Extending time railroad authorized to be constructed within this state under any special or general act has expired or shall expire before the thirty first day of December, one thousand nine hundred, such time shall be and the same is hereby extended for the further period of two years from the passage of this act; provided, however, that this act shall not apply unless money Proviso. has actually been expended in surveys or location of route, or in acquisition of right of way or in construction since January first, one thousand eight hundred and eighty-six ; provided, further, that this act shall not apply to any corpo- Proviso. ration unless such corporation shall first, and as the condition precedent to the exercise of any power granted by this act, file in the office of the secretary of state an agreement, to be approved by the governor and attorney-general, waiving all right of exemption from taxation and from privileges and advantages arising from any law or contract, if any there be, establishing any special mode of taxation of any such corporation, and the further agreement to be bound by any general law of this state now in existence or that may be hereafter passed, taxing such corporations as are now authorized to be taxed by the legislature of the state under any general law, and further agreeing that the exercise of any power granted by this act shall not in any way affect the rights of this state, if any there exist, to take the property of such corporations under any existing law of this state, and agreeing further that all laws affecting such corporations shall be subject to alteration or repeal by the legislature. 2. This act shall be deemed a public act, and shall take effect immediately. Approved March 13, 1899. Rate of interest. Proviso. Proviso. CHAPTER 25. Supplement to an act entitled "An act to authorize and empower the common council, board of aldermen or other governing body in cities of the second class to set aside certain moneys into a fund to be called the 'Special street improvement fund,' and to provide for the expenditure thereof," approved March twentieth, one thousand eight hundred and ninety. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. It shall be lawful for the city council, board of aldermen or other governing body in cities of the second class to fix the rate at which interest shall run on assessments for improvements made under the provisions of the act to which. this is a supplement; provided, that such rate of interest shall not be less than five nor more than eight per centum per annum; and provided further, that no assessment made as aforesaid shall bear any interest if such assessment is paid within forty days after the confirmation thereof. 2. This act shall take effect immediately. |