CHAPTER CLXXXIV. An Act relative to the salaries of mayors of certain cities. 1. BE IT ENACTED by the Senate and General Assembly of Salary. the State of New Jersey, That the annual salary of any mayor of any city having a population of from seventyfive thousand to one hundred thousand inhabitants shall be and the same is hereby fixed and determined at the sum of two thousand dollars; provided, however, that this Proviso. act shall not apply to any such city wherein such officer now receives a greater sum. 2. And be it enacted, That this act shail take effect immediately. Approved March 15, 1893. CHAPTER CLXXXV. An Act concerning streets and avenues in towns and townships in this state. committee, &c., accept land streets, &c., and 1. BE IT ENACTED by the Senate and General Assembly of When town the State of New Jersey, That in any case where any per- council, township son or corporation owns a tract of land bounded on three authorized to of its four sides by streets or avenues already opened donated for along the full length of such three sides, in any town or enter into contownship of this state, and occupies and uses such tract tract. of land and the buildings thereon erected for charitable, educational or religious purposes; and where such town or township has taken proceedings to open a street or avenue through such tract of land, and has also taken proceedings to widen one of such three streets or avenues bounding three of the sides of such tract by taking the land Section to be amended. Other portion of road. Section to be amended. CHAPTER CLXXXVII. An Act to amend an act entitled "A further supplement to an act entitled 'An act concerning roads,' approved March twenty-seventh, one thousand eight hundred and seventy-four" (Revision), which supplemental act was approved March twenty-eighth, one thousand eight hundred and ninety-two. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That section two of said supplemental act be and the same is hereby amended so that henceforth said section shall be and read as follows, to wit: 2. And be it enacted, That the portion of said road other than that which shall be used by reason of any alteration or change which shall be made respecting the original course of the said road, or portion thereof, shall, irrespective of use, be declared finally vacated, without the notice and application and any other proceedings specified in the act to which this is a supplement, or any act supplementary thereto, and not subject to an appeal or certiorari after two days from the date and time of the filing of the map as aforesaid. 2. And be it enacted, That section four of said supplemental act be and the same is hereby amended so that henceforth said section four shall be and read as follows, to wit: 4. And be it enacted, That this act shall be deemed a public act and shall take effect immediately. 3. And be it enacted, That this act shall take effect immediately. Approved March 16, 1893. CHAPTER CLXXXVIII. An Act authorizing cities to renew maturing bonds. renew indebted 1. BE IT ENACTED by the Senate and General Assembly of Authorized to the State of New Jersey, That whenever any bonds hereto- issue bonds to fore legally issued by any incorporated city in this state ness. under authority of law shall at any time or times hereafter become due, the board of aldermen, common council or other board having charge and control of the finances of such city, with the approval of the mayor of such city, may renew said indebtedness or any part thereof by the issuing of the bonds of said city for that purpose; provided, Proviso. however, that no such bonds shall be renewed in cases where there are moneys or securities in any sinking fund of such city specifically appropriated for the redemption of said maturing bonds until after the moneys and securities of said sinking fund so specifically appropriated shall have been exhausted in the payment of maturing bonds. taxation 2. And be it enacted, That the bonds to be issued under the Exempt from provisions of this act shall be exempt from taxation, and made payable at periods not exceeding thirty years from the date of issuing the same, and shall draw such rate of interest Interest. not exceeding five per centum per annum, and be in such sums as the board having charge and control of the finances of said city shall determine, which bonds shall be executed under the corporate seal of said city, and the signature of the mayor, comptroller or other proper financial officer thereto, and may be either registered or coupon bonds, as said board may direct; provided, that in order to redeem Proviso. the bonds issued under the provisions of this act at maturity, it shall be the duty of the board having charge and control of the finances of such city to establish a sinking fund, which shall be created by a special tax of not less than two per centum on the issues herein provided for, to be raised in each annual tax levy, or from the collection of water rents in cases where the bonds hereby authorized Interest to be collected by special tax annually. Proviso. Sold at public or private sale. Not less than par value. How applied. Proviso. to be re-issued were originally issued for the water department of such city. 3. And be it enacted, That the interest on the bonds hereby authorized to be issued from time to time shall be raised and paid by a special tax or appropriation, to be annually levied and collected as other taxes in such city are now or may hereafter be levied and collected, and the whole of each year's interest shall be so raised, levied, collected and paid within each year; provided, that the interest on all bonds re-issued in place of maturing water bonds shall be paid out of the collections for water rents in such city for said year. 4. And be it enacted, That the board or authority having charge and control of the finances of such city may dispose of the bonds hereby authorized at a public sale or private sale in case a more favorable bid can be obtained than shall have been bid publicly therefor, but in no case for less than par, which issues and sales may be made in anticipation of the retirement of said maturing bonds, and all of the moneys received from the sale of said bonds shall be applied and used for the purposes of this act, and for no other purpose; provided, that no increase in the bonded indebtedness of any such city shall be made under this act. 5. And be it enacted, That this act shall take effect immediately. Approved March 16, 1893. CHAPTER CLXXXIX. A Supplement to an act entitled "An act to incorporate societies for the promotion of learning" (Revision), approved April ninth, one thousand eight hundred and seventy-five. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the trustees of any semi ized to purchase, &c., granted, nary, college, school or other institution now or hereafter Trustees authororganized under the act to which this is the supplement, or &c., lands, also any other act now in force in this state, may purchase, receive goods, take, hold, receive and enjoy all lands, tenements and devised, &c.' hereditaments, in fee simple or otherwise, and also all goods, chattels, legacies and donations, in money or otherwise, of what kind or nature soever, that may be granted and conveyed or given and devised to the seminary or other institution of which they shall be trustees as aforesaid, by the grant, gift, alienation or devise of any person or persons able to grant, give or devise the same for the support, endowment or otherwise, of said seminary or school, whether in general or for particular chairs or departments thereof, or for special objects or subjects taught therein; and also that the said trustees Trustees authorand their successors shall and may grant, assign and sell, lands, goods, or otherwise dispose of all or any of their said lands, &c., unless tenements or hereditaments, goods, chattels and personal vided, &c. estate whatsoever, received and held by them as aforesaid, as to them shall seem meet for the best interests of their said seminary or other institution, unless otherwise provided and limited by the deeds, wills, or other instruments in writing by which they received and hold the same; provided, nevertheless, that the proceeds of the sale Proviso or other disposition of any real or personal estate so received and held by such trustees for said endowment objects or purposes shall be duly re-invested in other good real or personal estate, as soon thereafter as practi cable, and the annual income therefrom only used for such endowment and educational purposes. 2. And be it enacted, That this act shall take effect immediately. Approved March 16, 1893. ized to dispose of otherwise pro |