powered to construct about one mile, more or less, of turnpike road, from the present terminus of their turnpike, in the village of Crossroads, on and along the public highway, to Haines' Mills, both in the township of Medford, and county of Burlington, and in all the details to be governed by the provisions of the first above named act, to which this is a supplement, and that the capital stock of said company be increased, so as to meet the expenses of this turnpike road extension. Approved February 11, 1863. Town meeting regulated. Plurality of votes. Township fill vacancies. CHAPTER XXX. A supplement to the act entitled "An act to authorize the inhabitants of the township of Union, in the county of Essex, now Union, and the inhabitants of the township of Tewksbury, in the county of Hunterdon, to vote by ballot at their annual town meetings," passed February twenty-fourth, eighteen hundred and forty-three. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the judge of election elected at the last, or any future town meeting hereafter held in the township of Union, in the county of, formerly Essex, now Union, shall preside at and conduct the election at the next annual town meeting, and the clerk of the township shall be the clerk thereof, and the officers of said election shall be eligible to any office at said election except that of justice of the peace. 2. And be it enacted, That a plurality of votes shall be sufficient to elect any officer, or to fix the place of holding town meetings or the state and county elections, but a majority of the whole number shall be required to determine an amount of money to be raised or specified. 3. And be it enacted, That the township committee of said committee to township shall fill all vacancies that may occur, unless they shall deem a special town meeting for such purpose advisable. 4. And be it enacted, That so much of the act to which this is a supplement, and all other acts which conflict with this act, are hereby repealed. 5. And be it enacted, That this act shall take effect immediately. Approved February 11, 1863. CHAPTER XXXI. AN ACT to authorize the inhabitants of Pequannock, in the county of Morris, to raise money. WHEREAS, many of the citizens of the township of Pequan- Preamble. nock, in the county of Morris, have, during the past year, advanced and loaned to said township various sums of money, which were used in paying bounties to volunteers, and for which the lenders received the certificates of the town committee of said township, to be paid out of the township funds when and as soon as the same could be raised by a tax authorized for that purpose; and whereas, it is just and right that said moneys, so expended, shall be raised and paid in the same manner as other township expenses are raised and paid-therefore, money by tax. assess to repay loans. 1. BE IT ENACTED by the Senate and General Assembly of Township the State of New Jersey, That the inhabitants of the said may raise township of Pequannock be and they are hereby authorized to raise by tax such sum of money as will be sufficient to repay the amount loaned to said township and expended for the purposes specified in the preamble to this act, with the interest which has accrued or which may accrue thereon. 2. And be it enacted, That it shall and may be lawful for Assessor to the assessor of the said township, who may be elected at the next annual meeting thereof, and the said assessor is hereby directed to assess upon the taxable property of said township, at the same time that the other taxes of said township are assessed, and in addition thereto, such sum of money as shall be certified to him by the town committee of said township, or a majority of them, to be necessary for the repayment of said loans, with the interest thereon, which amount, so assessed, shall be levied and collected by the same persons, in the same manner, at the same time, and under like fees, fines and penalties as other township taxes are levied and collected, and thereupon said loans to said township shall be paid by the collector thereof, out of any township funds in his hands, on the presentation and surrender of said certifi cates. 3. And be it enacted, That this act shall take effect immediately. Approved February 11, 1863. May issue bonds to amount of $15,000. Proceeds, how applied. Former issues made valld. May levy taxes to repay principal. CHAPTER XXXII. AN ACT to authorize the Mayor and Common Council of the city of Hudson to borrow a sum or sums of money, not exceeding in the whole twenty-six thousand dollars, to legalize certain bonds already issued. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That it shall be lawful for the mayor and common council of the city of Hudson to issue bonds under their corporate seal and the signature of the mayor of said city, for an amount not exceeding fifteen thousand dollars, to be designated and known as "Volunteer Aid Bonds," bearing interest payable half yearly, at a rate not exceeding seven per cent. per annum, with coupons attached, and payable at such time or times as may be agreed upon by the common council, not exceeding ten years from the date thereof, which bonds it shall be lawful for the said mayor and common council to sell at public or private sale, as the proceeds of the same may be needed. 2. And be it enacted, That it shall be the duty of the said the mayor and common council of the city of Hudson to apply the net proceeds of said bonds to the support of the families of persons, residing in the city of Hudson, who have volunteered in the military service of the United States for the maintenance of the federal government or the defence of this state, and to the repayment of money borrowed for bounties for such volunteers, and to no other purpose. 3. And be it enacted, That the bonds already issued by the said the mayor and common council of the city of Hudson, to raise money for the support of the families of volunteers engaged in the military service of the United States, amounting in the whole to the sum of eleven thousand dollars, are hereby declared legal and valid. 4. And be it enacted, That the said mayor and common interest and council of the city of Hudson shall have power to provide by tax for the payment of said bonds and the interest thereon, and that none of the restrictions, limitations or conditions contained in the thirty-third section of the act entitled "An act to incorporate the city of Hudson," approved April eleventh, eighteen hundred and fifty-five, shall be held to any wise this act, but this act shall be and remain as affect in effectual, to all intents and purposes, as if the said section had not been enacted. 5. And be it enacted, That this act shall take effect immediately. Approved February 11, 1863. CHAPTER XXXIII. AN ACT to authorize the Board of Chosen Freeholders of the county of Hudson to issue bonds to fund the floating debt. of the said county, and to raise money for other purposes for which they are required to raise or pay money. borrow money debt. 1. BE IT ENACTED by the Senate and General Assembly of Board of Freethe State of New Jersey, That it shall be lawful for the board holders may of chosen freeholders of the county of Hudson to borrow such to pay floating sum or sums of money, from time to time, as they may think necessary for the payment of the floating debts of the county, and for such other purpose or purposes as the said board of chosen freeholders of the county of Hudson now are or hereafter shall be authorized by law to raise money or to provide money, and to cause the bonds of the said county to be issued for the same to an amount not exceeding in the whole the sum of one hundred thousand dollars. ers of the 2. And be it enacted, That, by the said board of chosen Commissionfreeholders of the county of Hudson, for the time being, and loaning fund. by every succeeding board, at the first annual meeting in each year of said board, or at any special meeting called for that purpose, there shall be appointed, from among the members of said board, by a majority, one freeholder, who, together with the director of said board and the county collector for the time being, respectively holding said offices, shall have the charge of issuing said bonds as hereinafter provided, and also of the money to be raised for the payment thereof, and who shall be known as the commissioners of the loaning fund; said commissioners shall, if required so to do by the said board, enter into bonds to the county in such sums as said board shall require for the faithful performance of their duties under this act, and shall also make report at the final meeting in each year of said board, or oftener, if Bonds to issue, and in what manner. Tax to be laid to pay interest required, of the state of the said fund, the amount of bonds issued, and the amount of the same paid. 3. And be it enacted, That whenever, at any stated meeting of said board, or at any special meeting held for that purpose, it shall be resolved to borrow any sum of money for the purpose authorized by this act, it shall be the duty of said commissioners to cause bonds to be prepared, in sums of five hundred or one thousand dollars each, or both, as they shall deem best, payable in from one to twenty years after date, with interest, not exceeding seven per centum per annum, payable half-yearly, which bonds shall be given in the name of the board of chosen freeholders of the county of Hudson, for and in behalf of the inhabitants of the said county, and they shall be signed by the then director of the board, with the seal of the said board affixed, and countersigned by the remaining two of the commissioners aforesaid; said bonds shall be numbered and registered by the county collector, and together with the coupons attached, may be made payable at such place as the said commissioners shall determine and designate therein, and the same may be made payable to order or to bearer; and the same when so issued shall be deemed and taken to be public stock created under the laws of this state, and can be deposited with the treasurer of this state, under and subject to the provisions of the act entitled "An act to authorize the business of banking," approved February twenty-seventh, eighteen hundred and fifty, and the supplements thereto. 4. And be it enacted, That in order to provide for the payand principal. ment of the interest and principal moneys of said bonds, as the same shall become due and payable, there shall be raised by tax, at the same time and in the same manner as the county taxes are raised, five thousand dollars, to be paid on the principal, together with the accrued interest, annually, in addition to the other moneys raised by taxes in said county of Hudson, which said sum, so annually raised, shall be under the care and management of the said commissioners of the said fund, whose duty it shall be to apply so much of the same as may be necessary for the purpose, to the payment of the interest accruing, from time to time, on said bonds, and to use and apply the balance thereof as a fund for the payment of the principal moneys of said bonds, as the same shall respectively become due. 5. And be it enacted, That this act shall be deemed a public act, and shall take effect immediately. Approved February 11, 1863. |