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City may issue bonds.

Proviso.

Appropriation of pro

ceeds of sale

of bonds.

CHAPTER CCXXXIV.

A supplement to an act entitled, "An act to authorize the president and directors of the Trenton Water Works to convey their works and franchises to the city of Trenton, and to provide for the management of said works," approved March first, eighteen hundred and fifty-nine.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That for the purpose of paying the debts of the Trenton Water Works, and furnishing motive power for the use of said works, it shall and may be lawful for the common council of the city of Trenton to issue the bonds of the city for an amount not exceeding in the whole the sum of ten thousand five hundred dollars, which bonds shall not be disposed of at less than their par value, and shall bear interest at the rate of six per cent. per annum, payable semi-annually, and shall not be subject or liable to any tax which may be levied or assessed by order of the common council of said city; provided, that such bonds shall not be issued in any case, except a majority of the whole number of said council shall concur therein.

2. And be it enacted, That five thousand two hundred dollars of said bonds shall be delivered to the commissioners of said water works, and the proceeds thereof, when sold by the commissioners, shall be used for the purpose of procuring motive power for said water works, and for no other purpose whatever, the proceeds of the balance of said bonds, being the sum of five thousand three hundred dollars, shall be applied by said common council to reimburse the said city for any money advanced by them to pay interest on the water loan of the said city of Trenton, and the said sum of ten thousand five hundred dollars shall be considered a part of

the "water loan" mentioned in the act to which this is a sup

plement.

3. And be it enacted, That this act shall take effect imme

diately.

Approved March 22, 1860.

CHAPTER CCXXXV.

AN ACT relative to unclaimed dividends and deposits.

cation of un

dends.

1. Be it enacted by the Senate and General Assembly of Annual publł the State of New Jersey, That each and every corporation in claimed divithis state, on or before the fifteenth day of January next, and annually thereafter, shall cause to be published and continued for six weeks successively, in one newspaper having the largest circulation published in the county in which such corporation may be located, but if no newspaper is published in such county then in one published in an adjoining county, a true and accurate statement, verified by the oath of the president, treasurer, secretary, or other officer of the company, of all the dividends on the stock of the said company, which at the date of such statement shall have remained unclaimed

by my person authorized to receive them, for three years then next preceding, which statement shall set forth the name of the person in whose favor the dividend may have been

Statement to be published

deposits.

declared, its amount and date, and upon what number of shares of the stock of said company.

2. And be it enacted, That each and every incorporated of unclaimed bank of discount and deposit in this state shall publish, as provided in the first section of this act, a true and accurate statement, verified by the oath of the president or cashier of said bank, of all the balances due to depositors, or as dividends, which said balances, at the date of said statement, shall have remained unchanged in amount, and actually unclaimed by any person authorized to receive them, for three years then next preceding, and which shall exceed in the amount of each balance the sum of three dollars.

Expense of advertising,

Penalty for not complying with pro

3. And be it enacted, That in all cases the expense of how defrayed. advertising the same shall be deducted from the sums unclaimed, in proportion to the amount of each respectively. 4. And be it enacted, That any corporation failing to comVisions of act. ply with the provisions of this act shall forfeit fifty dollars, to be recovered in an action of debt, with costs of suit, in any court of record in this state having jurisdiction of the same, to any person claiming the same.

Former act repealed.

5. And be it enacted, That the act entitled "An act relative to unclaimed dividends and deposits," approved March twenty-third, eighteen hundred and fifty-nine, be and the same is hereby repealed.

Approved March 22, 1860.

CHAPTER CCXXXVI.

Supplement to an act regulating schools, approved March the fourteenth, eighteen hundred and fifty-one.

may be altered

1. BE IT ENACTED by the Senate and General Assembly of School district the State of New Jersey, That any school district now incor- etc. porated, or that may hereafter be incorporated according to the provisions of the ninth section of the act approved March fourteenth, Anno Domini eighteen hundred and fifty-one, may be altered or abolished by the town superintendent with the assent of a majority of the legal voters of the district; provided, that one district shall not absorb another district or part thereof without the consent of said district.

2. 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.

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

Approved March 22, 1860.

Former acts repealed.

Time of open

CHAPTER CCXXXVII.

A supplement to an act entitled "An act to erect an election district in the township of Newton, in the county of Camden," approved March eleventh, eighteen hundred and fifty-six.

1. BE IT ENACTED by the Senate and General Assembly of ing and clow the State of New Jersey, That the polls now held in the

ing polls.

north-western precinct of the township of Newton, at the school house in the village of Stockton, shall be opened at eight o'clock in the morning and kept open until eight o'clock in the evening.

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

Approved March 22, 1860.

Former act

amended.

CHAPTER CCXXXVIII.

Supplement to an act entitled "An act to incorporate the Elastic Cone Spring Company," approved March fifteenth, eighteen hundred and fifty-nine.

1. BE IT ENACTED by the Senate and General Assembly, of the State of New Jersey, That the first section of the act enti

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