registered or where made 2. And be it enacted, That the bonds authorized to be Bonds may be issued by the first section of this act, may be either coupon or coupon, and registered bonds, as the board of chosen freeholders may payable, &c. determine; and the same shall be made payable, both principal and interest, at the office of the county collector of such county, and said bonds shall be sold by the board of chosen freeholders of such county, upon the orders and resolutions thereof, either upon bids for the same, duly advertised for, or otherwise; provided, the same shall in no case be sold at less Proviso. than at par; the director and county collector shall sign said bonds, and the same shall be sealed with the seal of the county, and the county collector shall number and register the same, and registered bonds may be exchanged for coupon bonds, and coupon bonds exchanged for registered bonds, at the option of the holder thereof; provided, that the board of Proviso. chosen freeholders, by resolution, shall consent to such exchange; and said bonds shall bear such interest as such board shall determine, not exceeding six per centum per annum, and said interest shall be paid semi-annually, and such bonds shall have such time to run as said board of chosen freeholders may, at the time of such issue thereof, by resolution, determine, not exceeding thirty years. interest of raised by tax. 3. And be it enacted, That the said board of chosen free- Principal and holders shall, each year, place in the tax levy for such county, bouds to be for such year, so long as such bonds shall run, a sufficient sum to pay all interest on said bonds during such year; and also, a sufficient sum to pay the principal of said bonds, falling due within the year; the same to be levied and raised in the same manner as other county taxes are levied and raised. by taxation to payment of 4. And be it enacted, That whenever bonds shall be issued Money raised by any board of chosen freeholders under the provisions of be used for this act, it shall be the duty of said board of chosen freeholders bonds, &c. to first apply all sums thereafter received on account of said arrearages of taxes, in anticipation of which any bonds have been issued, to the final payment of such bonds, and for no other purpose whatever, until a sufficient fund has been provided for the payment of said bonds. 5. And be it enacted, That this act shall take effect immediately. Approved March 18, 1881. Mayors, com mon council freeholders re mit to comp troller state cial condition, &c. CHAPTER CXVIII. A Further Supplement to an act creating the office of comptroller of the treasury and defining the duties thereof, approved March seventeenth, one thousand eighteen hundred and sixty-five. 1. BE IT ENACTED by the Senate and General Assembly of and boards of the State of New Jersey, That it shall be the duty of the board quired to trans- of chosen freeholders of each county, the committeemen of each township, the mayor and common council of each city ment of finan- and the representative authority of each town and borough in this state, to transmit to the comptroller of the treasury on or before the first day of October in each year a statement of the financial condition of their respective counties, townships, cities, towns or boroughs, at the close of their respective fiscal years next preceding the time of making such statement; and the said statements shall set forth the amounts of the funded and floating debt, of what they are composed, the purposes for which they were contracted, the rate of interest thereon and the time when the debts fall due; the nature and condition of the sinking fund, if any; the amount of real and personal property taxable; the rate of tax levied and the amount raised, and the expenditures for the year, arranged under general heads. What state ments shall set forth. Duty of comptroller. fusal or neglect to transmit statements. 2. And be it enacted, That it shall be the duty of the comptroller to furnish the necessary blanks to the several authorities, upon their application, for making the statements required by this act, and to lay copies of the statements received by him for each year, or abstracts thereof, before the legislature at the time of making his annual report. 3. And be it enacted, That if any of the said officers shall Penalty for re- neglect or refuse to furnish or transmit the statement as required in the first section of this act, the same shall be liable to indictment for such neglect or refusal, and shall be deemed guilty of a misdemeanor and on conviction shall be punished by a fine not exceeding one hundred dollars. 4. And be it enacted, That an act entitled "A supplement Repealer. to an act creating the office of comptroller of the treasury and defining the duties thereof," approved March seventeenth, one thousand eight hundred and sixty-five, which supplement was approved March sixth, one thousand eight hundred and seventy-nine, and all other acts or parts of acts inconsistent with this act be and the same are hereby repealed. 5. And be it enacted, That this act shall take effect immediately. Approved March 18, 1881. CHAPTER CXIX. A Supplement to the act entitled "An act concerning townships and township officers," approved April twenty-first, one thousand eight hundred and seventy-six. of treasurer to thirty days 1. BE IT ENACTED by the Senate and General Assembly of Annual salary the State of New Jersey, That it shall be lawful for the town-be fixed by orship committee of any township of this stnte, within thirty dinance within days after the organization of said committee in each year, to after organizafix by ordinance the annual salary and compensation to be tee. paid to the person who shall be appointed the treasurer thereof, and the time and manner of the payment of said compen sation. 2. And be it enacted, That this act shall take effect immediately. Approved March 18, 1881. tion of commit Owners and possessors of meadow or swamp land may reclaim, and keep the same in repair, &c. Proviso. CHAPTER CXX. A Supplement to "An act for incorporation of companies for draining and improving meadows and lands overflowed by tide water," approved March eleventh, one thousand eight hundred and eighty. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the owners and possessors of three-fourths or more of any body or tract of not more than two hundred acres of meadow, swamp or low lands that have been banked in but are now exposed to the overflow of the tide, or of meadows already banked in and held by different persons who have formed themselves into a company under mutual agreement or otherwise, to bank, improve and keep the same in repair, may, to reclaim the same, or to keep the same in good repair, and for the better government thereof subject themselves to all the provisions of the before recited act; provided always, that this act shall not be so construed as to in any way change or affect the rights or privileges of said company aiming at the same results before granted or agreed upon by said company. 2. And be it enacted, That this act shall take effect immediately. Approved March 18, 1881. Cities, towns or boroughs CHAPTER CXXI. An Act to enable cities, towns and boroughs to fund floating indebtedness. 1. BE IT ENACTED by the Senate and General Assembly of authorized to the State of New Jersey, That any city, town or borough of indebtedness. this state may, in order to fund any floating indebtedness ac fund floating tually existing at the date of the approval of this act, issue its 2. And be it enacted, That all acts and parts of acts incon- Repealer. CHAPTER CXXII. A Further Supplement to an act entitled "An act to provide for the assessinent and payment of the costs and expenses incurred in constructing sewers, and making other improvements in townships and villages," approved March twelfth, one thousand eight hundred and seventy-eight. missioners au the redemption coming due. 1. BE IT ENACTED by the Senate and General Assembly of Board of comthe State of New Jersey, That whenever any bonds, heretofore thorized to legally issued or hereafter to be legally issued by any board issue honds for of commissioners within any village or township by virtue of of those be the provisions of the act to which this is a further supplement, or by virtue of the supplement thereto, approved March fourteenth, one thousand eight hundred and seventynine, shall hereafter become due, it shall be lawful for the |