Statutes of New Jersey Concerning Municipal Corporations, in Force January 1st, A.D. 1887

Statutes of New Jersey Concerning Municipal Corporations, in Force January 1st, A.D. 1887

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1887 edition. Excerpt: ...of making street imwnich have been provements which cannot be assessed on lands specially benefited by such issued for street improvement or improvements, and for the payment of judgments against lmprovemen. sucn township or borough, and for the costs, damages, interest and expenses incurred in and on account of such improvements, it shall be lawful for the board of township committee, or other governing body of said township or borough, to issue either the registered or coupon bonds of such township, to be styled "township or borough of improvement bonds," to such an amount as such board or governing body shall by ordinance determine, not, however, to exceed in the aggregate the amount of outstanding and unpaid certificates of indebtedness, judgments, costs, interest and expenses against such township or borough for such street improvements, such bonds shall be sealed with the corporate seal of such township or borough, signed by the chairman of said board of township committee or governing body, and countersigned and registered by the clerk thereof, and made payable in not less than three nor more than ten years from the date Kate of interest, thereof, and shall bear interest at six per centum per annum, payable semiProviso, annually; provided, however, that no note or certificate of indebtedness, the validity of which against such township is now in question in any of the courts of this state, nor the amount thereof, nor any portion of the same shall be included in the estimate of indebtedness of such township, nor shall any bond be issued to pay or to raise money to pay the same or any part thereof. Bonds not to be 600. Sec. 2. That the bonds authorized by section one of this suppleafandr"ia meDtary act shall more

Product details

  • Paperback | 212 pages
  • 189 x 246 x 11mm | 386g
  • United States
  • English
  • black & white illustrations
  • 1236940164
  • 9781236940162