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as prescribed in the twenty-fourth section of said act, and give bond to the city, for the faithful performance of his duty, in such sum and with such sureties as the common council may approve.

powers of

3. And be it enacted, That the said receiver of taxes shall Duties and possess the powers, perform the duties, and be liable to receiver. the penalties and forfeitures, so far as the same are consistent with the provisions of this act, which, by virtue of the provisions of the act to which this is a supplement, belong to or are imposed upon the several ward collectors.

sioners of

make state

taxes to per

4. And be it enacted, That the commissioners of appeal Commisfor said city shall, immediately after finally concluding appeal to their duties in each year, cause to be delivered to the audi- ment. tor of the said city a true and particular statement of all taxes made or remitted, increased or reduced, by them. 5. And be it enacted, That the duties required by the Receivers of seventy-ninth section of the act to which this is a supple. form duties ment to be performed by the several ward collectors, shall lectors. be performed by the said receiver of taxes, within ten days after the twentieth day of January in each year, in the same manner, and under the same penalties and forfeitures, as are therein prescribed.

of ward col

justices in

linquent tax

6. And be it enacted, That it shall be the duty of any Duties o justice of the peace, to whom any list of delinquents shall case of debe returned as aforesaid by said receiver, immediately payers. thereupon to proceed to perform the duties prescribed in the eightieth section of the act to which this is a supplement; and the warrant or warrants which may thereupon. be issued, shall have the same force and effect, and be proceeded upon in all respects in the same manner, as in the case of tax warrants authorized to be issued under the provisions of the said section.

give notice.

7. And be it enacted, That the said receiver shall give the Receiver to public notice required to be given by the seventy-eighth section of the act to which this is a supplement, and shall also prepare the notice or demand of payment required by the same section, the service of which shall be made by

Common council to prescribe manner of collecting

taxes.

Former proceedings to

ed.

the said receiver, or otherwise as the common council may direct.

8. And be it enacted, That the said common council shall have power, by ordinance, to prescribe and define more specifically the manner in which the said receiver of taxes shall perform his duties, and from time to time to make such regulations as may be necessary to carry into effect. the true intent and meaning of this act; and also to make such an abatement as they may deem reasonable upon all taxes paid prior to the twentieth day of October in each year, and to demand and collect, upon all taxes unpaid on the said twentieth day of October, such a percentage thereon, from time to time, in addition thereto, as they may deem reasonable; and said addition or percentage shall be accounted for and paid over by the said receiver of taxes, from time to time, with said taxes, and shall be collected in addition to the costs and charges already imposed by law, in the same manner that the said tax is collected; in case any tax, or any portion of tax, so paid prior to the twentieth day of October, shall be reduced or remitted by the commissioners of appeal, the said amount so reduced or remitted shall be returned in full to the person entitled to receive the same by the said receiver.

9. And be it enacted, That all proceedings in regard to he continu- the collection of taxes for the years eighteen hundred and fifty-eight and eighteen hundred and fifty-nine, shall be continued to their completion, as if this act had not been passed.

Election of auditor.

10. And be it enacted, That the term of office of the auditor of accounts, to be hereafter elected, shall be three years; and in case a vacancy shall occur in said office from any cause, the common council shall fill such vacancy by the appointment of a suitable person who is eligible to such office, and at the charter election next ensuing the occurring of such vacancy, an auditor shall be elected for the said term of three years, whose term of office shall commence on the first day of January next ensuing said election.

sioners of

fund.

11. And be it enacted, That the mayor, auditor of accounts, Commistreasurer, and chairman of the committee of finance of the sinking common council of said city, for the time being, shall constitute and be denominated "The Commissioners of the Sinking Fund of the City of Newark."

money to be

ted to sink

ing fund.

12. And be it enacted, That all moneys received after the What first day of January, eighteen hundred and fifty-nine, from appropriathe following sources, to wit: (1) the net amount received for market rents, dues and fees, (2) the amount received for licenses of every kind and description, are hereby pledged, appropriated to, and shall constitute and form a fund, to be called "The Sinking Fund of the City of Newark," for the redemption of the principal of the city debt of two hundred and fifty thousand dollars, to wit: the state loan of thirty thousand dollars, borrowed from the trustees of the school fund; the loan of eighteen hundred and fifty, being twenty thousand dollars, redeemable June one, eighteen hundred and seventy; the loan of eighteen hundred and fifty-two, being fifty thousand dollars, redeemable November one, eighteen hundred and eighty; the loan of eighteen hundred and fifty-three, being fifty thousand dollars, redeemable also November one, eighteen hundred and eighty; the loan also of eighteen hundred and fifty-three, being fifty thousand dollars redeemable November one, eighteen hundred and eighty-five; and the loan of eighteen hundred and fifty-four, being fifty thousand dollars, redeemable November one, eighteen hundred and seventyfive; which moneys shall, from time to time, be paid to said commissioners, and be by them invested and employed according to law.

13. And be it enacted, That no part of the above debt, which may be purchased by said commissioner, shall be cancelled by them until the maturity and final redemption thereof, and all interest accruing thereon shall regularly be carried to the sinking fund for the redemption of the said city debt.

14. And be it enacted, That the said common council Powers and shall have power, by ordinance, to prescribe and define commis

duties of

sioners to be

defined by specifically the powers and duties of the said commis

common

council.

sioners in accordance herewith, the manner in which the same shall be performed, and from time to time to make such regulations as may be necessary to carry into effect the true intent and meaning of this act.

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

Approved March 16, 1859.

Names of

CHAPTER CLXV.

AN ACT to incorporate the Hoboken and Hudson city horse car Railroad

Company.

1. BE IT ENACTED by the Senate and General Assembly of corporators. the State of New Jersey, That Edwin A. Stevens, Cornelius V. Clickener, Charles T. Perry, Edmund Charles, George V. DeMott, George W. Morton, Ebenezer Montague, William W. Shippen, William H. Wood, Henry Newkirk, and James Montgomery, and such other persons as may hereafter be associated with them, shall be and they are hereby ordained, constituted and made a body politic and corporate in fact and in law, by the name of the Hoboken and Hudson city horse car Railroad Company, and shall be capable of purchasing, holding and conveying any lands, tenements, goods and chattels whatsoever necessary or expedient for the objects of this corporation.

capital

2. And be it enacted, That the amount of the capital stock Amount of of said company shall be one hundred thousand dollars, stock. with the privilege of increasing the same to three hundred thousand dollars, and shall be divided into shares of fifty dollars each, which shall be deemed personal property, and transferable in such manner as the said corporation shall by their by-laws direct.

sioners to

receive sub

scriptions.

3. And be it enacted, That the above named persons or a Commismajority of them shall be commissioners to open books to receive subscriptions to the capital stock of said company at such time or times and place or places, as they or a majority of them may think proper, giving at least twenty days' notice of the same in two of the newspapers published in the county of Hudson, and if more than one hundred thousand dollars of stock be subscribed, it shall be the duty of the said commissioners to make a fair and just apportionment of the stock among the subscribers in such manner as they may think best calculated to secure the speedy construction of said road.

president.

4. And be it enacted, That at the time of subscribing for Election of said stock fifteen per centum shall be paid upon the amount subscribed for, to the commissioners or some one of them, and as soon as the sum of twenty-five thousand dollars of the capital stock is subscribed for, the said company shall be organized by the said commissioners, who shall be the first directors of said company, and continue as such directors until such time in the year eighteen hundred and sixty as the said company by their by-laws may appoint for the annual election of directors; and the said directors, as soon as may be convenient after said sum is subscribed, and the directors chosen at every annual election of said company, shall choose out of their own number a president, who shall be a resident of this state, and in case of the death, resignation, or removal of the president or any director, such vacancy or vacancies may be filled for the remainder of the year in which they may happen, by a majority of the said directors, and in the absence of the said president, a majority of the said directors may appoint a president pro tempore,

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