said township, at their annual town meeting, shall designate and fix on some other place for holding the same. 2. And be it enacted, That this act shall take effect immedidiately. Approved, March 9, 1874. CHAPTER CLXXIII. A further supplement to an act entitled "An act to revise and amend the charter of the City of Trenton," approved March fifteenth, one thousand eight hundred and sixtysix. WHEREAS, the financial condition of the city of Trenton is embarrassed, owing to the non-payment, last year, of a large part of the taxes due to the county of Mercer from the said city, and the necessary payment this year of certain improvement bonds, the payment of which was predicated upon the collection of certain assessments still in litigation; therefore, Preamble. Council credit of not exceed 1. BE IT ENACTED by the Senate and General Assembly of the Common State of New Jersey, That it shall be lawful for the common may borcouncil of the city of Trenton to borrow, on the credit of row on the said city, a sum not exceeding one hundred thousand city a sum dollars, for the purpose of meeting the present deficiency ing one in the finances of the city, and to such loan the limitation thousand in the thirty-first section of the act to which this is a supplement shall not apply. hundred dollars. bonds to ment of 2. And be it enacted, That to secure the payment of said May issue loan, the common council are hereby authorized to issue secure paythe bonds of said city for the amount of said loan, bearing aid loan. interest at the rate of seven per centum per annum, payable semi-annually, and the principal of said bonds shall be paid within thirty years from the date thereof; provided, that Proviso. such loan shall be authorized by an ordinance of said common council, which ordinance shall provide the ways and means exclusive of loans, to pay the principal of said loan, and also the interest of such loan annually, which ordinance Freviso. shall be irrepealable until such debt be paid; and provided, that such bonds shall not be disposed of at less than their par value. 3. And be it enacted, That this act shall take effect immediately. Approved March 10, 1874. Amount of poll tax, and how raised. CHAPTER CLXXIV. An act to authorize the raising of a poll tax for school purposes in the townships of Deptford, Greenwich, and West Deptford, in the county of Gloucester. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That there shall be raised in each year hereafter, in the townships of Deptford, Greenwich, and West Deptford, in the county of Gloucester, in addition to the taxes now authorized by law, a poll tax of one dollar, to be applied for the purposes of public schools, which shall be assessed on every taxable inhabitant in the said townships of Deptford, Greenwich, and West Deptford, and which said poll tax shall be assessed, levied, and collected at the same time as other township taxes in said townships are assessed, levied, and collected. 2. And be it enacted, That this act shall take effect immediately. Approved March 10, 1874. CHAPTER CLXXV. A further supplement to an act entitled "An act to incorporate the chosen freeholders in the respective counties. of the state," approved April sixteenth, eighteen hundred and forty-six. Supplement clared in ter county. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the provisions of "A supplement approved to the act entitled 'an act to incorporate the chosen free- 1965, deholders of the several counties of this state," which said operative supplement was approved April sixth, eighteen hundred and in Gloucessixty-five, shall not hereafter be operative or have effect in, or apply to the county of Gloucester; and that the publication of the account required by the forty-third section of the act to which this is a supplement, shall be sufficient in the said county. 2. And be it enacted, That this act shall take effect immediately. Approved March 10, 1874. CHAPTER CLXXVI. A further supplement to an act entitled "An act to establish a free school at Fort Lee, in the county of Bergen," approved March sixth, eighteen hundred and fifty. Township to pay over 1. BE IT ENACTED by the Senate and General Assembly of the, State of New Jersey, That it shall be the duty of the town- Collector ship collector of the township of Ridgefield, in the county to treasurer of Bergen, to pay over to the treasurer of the Fort Lee free of school school, being school district No. 2, in said township, the 2 money ap district No. propriated state. annually by money appropriated annually by the state, or derived from other sources to which the said school may be entitled. Treasurer to give bond to trustees. Repealer. 2. And be it enacted, That the said treasurer shall give bond to the trustees of said school, with sufficient surety to be approved by them, in double the amount of the state appropriation set apart for said school; and the said treasurer shall pay out said money in the manner provided in the general school law of the state and its supplements. 3. And be it enacted, That all acts and parts of acts inconsistent with the provisions of this act be and the same are hereby repealed. 4. And be it enacted, That this act shall take effect immediately. Approved March 10, 1874. Board of ized to is CHAPTER CLXXXV. An act to authorize the issue and sale of seventy-five thousand dollars of Hudson County Bonds for the purpose of constructing a new iron and stone bridge over the Passaic river at Bridge street, Newark. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That whenever it shall be deemed necers author- essary by the board of chosen freeholders of Hudson county, sue bonds, and the board of chosen freeholders of Essex county, to construct a new iron and stone bridge over the Passaic river, at the foot of Bridge street, in the city of Newark, in the place of the present wooden bridge constructed at that point; it shall be lawful for the board of chosen freeholders of Hudson county to issue and sell, for the purposes above speciNot to ex- fied, Hudson County Bonds to an amount not exceeding sevamount the enty-five thousand dollars, and to sell the same at par, or at sum of sev-a discount not exceeding two per centum, and to apply the ceed in enty-five hundred dollars. Proviso. proceeds to the erection of the new bridge; provided, that Hudson county shall not be liable for more than one-half of the construction of the new bridge at Bridge street; proviProviso. ded, further, that nothing in this act contained shall be con strued as giving the board of chosen freeholders of the county of Hudson power or authority to issue the bonds in this act provided for until the chosen freeholders of Hudson and Essex counties shall by resolution duly passed by their said boards, have agreed to construct the bridge in this act referred to. By whom 2. And be it enacted, That said bonds shall be sold by the How sold. county collector and director of the board, and said director and county collector shall sign said bonds, and the same signed and shall be sealed with the county seal, and the county collect- how sealed. or shall number and register the same, and said bonds may be coupon or registered bonds, and registered bonds may at any time be exchanged for coupon bonds, or coupon bonds exchanged for registered bonds, at the option of the holders thereof; provided the board of chosen freeholders by resolu- Proviso. tion shall consent to such exchange; said bonds to bear interest at the rate of seven per centum per annum, and shall be payable semi-annually; and said bonds shall have thirty years to run, and a sufficient sum to pay the interest on said bonds shall be placed in the tax levy of each year as long as said bonds shall run; and after the year eighteen hundred and ninety-four, there shall be placed in the tax levy each year the sum of seven thousand five hundred dollars for the payment of the principal of said bonds, until the whole. principal sum shall be raised; and the sums thus raised for the payment of the bonds shall be placed in the sinking fund and invested and managed by the sinking fund commissioners of Hudson county. 3. And be it enacted, That the money raised by the sale of Money the bonds authorized by this act shall not be used for any raised not other purpose than the construction of the iron and stone for any othbridge provided for in this act. 4. And be it enacted, That this act shall be deemed to be a public act, and shall take effect immediately. Approved March 11, 1874. er purpose. |