est. and money applied. such renewal issue shall be authorized by said district at a meeting specially called to vote thereon, and such bonds shall be in the general form and manner of the bonds heretofore issued, signed by the trustees of said district or a majority of them and attested by the clerk of the said district, which bonds shall be made payable at periods of time not exceeding fifteen years from the date. Rate of inter- of issuing the same, and they shall bear interest at a rate not exceeding six per centum per annum and be issued in such sums of not less than one hundred dollars nor more than one thousand dollars, as the said trustees may determine, and which bonds shall have coupons attached for current payments of interest, which coupons shall be attested by the clerk of the district and bear its seal and shall be numbered to correspond with the bond to which they shall be respectively attached; and any Registry, price bonds so issued shall be numbered and a proper registry realized, how thereof be kept by the said clerk; and such bonds may be sold at public or private sale for the best attainable price, but at not less than par, and the money so realized shall be at once applied to the taking up and cancellation Renewal bonds of such outstanding bonds; or said renewal bonds may be exchanged on an equal basis of principal and interest for such outstanding bonds; and the said bonds so redeemed shall be forthwith canceled by the said trustees. Bonds issued 2. And be it enacted, That the bonds of the several a lien upon the property of in- school districts of this state, so issued to renew bonds heretofore or hereafter legally issued for the purpose of purchasing land and building school-houses, shall be a lien upon the real and personal estates of the inhabitants of the said districts as well as the property of the said districts; and the property of the inhabitants as well as the property of the districts shall be liable for the payment of the same; provided, that in all cases copies of all resolutions, papers and proceedings authorizing the issuing of such bonds shall be submitted to the attorneygeneral for his approval of the legality of the same, who shall receive such compensation for the examination thereof as shall be fixed by the trustees for the support of public schools, which sum shall be paid by the districts issuing such bonds. may be exchanged for outstanding bonds. habitants of districts. Proviso. quired to pay ing and inter sessed and col 3. And be it enacted, That whenever any district shall Amount reorder and authorize the issue of bonds for the purpose principal of aforesaid, it shall be the duty of the district clerk of bonds matursuch district, each and every year next before any such est to be asbond shall mature, to issue the warrant of the district, lected. signed by the trustees and attested by the clerk under the seal of the district, to the assessor or assessors of the township or townships in which such district is situate, directing him or them to assess upon the inhabitants of said school district, and their estates and the taxable property therein, an amount sufficient to pay the bond or bonds of the district then next maturing, together with the interest accruing upon the whole issue of the unpaid bonds of such district, which warrant so issued as aforesaid shall be duly executed by him and the moneys be assessed, levied and collected; and the collector shall pay over, on the written order of the district clerk of said district, all moneys so collected by him. bonds taken celed, and 4. And be it enacted, That on the taking up of such out- Outstanding standing bonds, or on the payment of any bonds of any up to be canschool district, now issued or hereafter to be issued, the where deposittrustees of the district shall forthwith stamp and marked. the same as canceled; and when so marked and canceled they shall be deposited in the office of the state superintendent of public instruction. authorized to bonds. 5. And be it enacted, That the treasurer of this state, Treasurer under the direction of the trustees for the support of invest funds in public schools, is authorized to invest the funds for the school district support of public schools in this state in such renewed bonds of the several school districts of this state, or to exchange therefor other bonds of the same district. 6. And be it enacted, That this act be deemed a public act and take effect immediately. Approved February 15, 1886. Limitation of power to im. pose and colfect taxes, not to apply to taxes to pay interest upon or provide a sinking fund pay funded debt. CHAPTER XVI. An Act in relation to the limitation of the power to impose and collect taxes in the cities, boroughs and incorporated towns of this state. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That where, in any city, borough or incorporated towns, the right to impose and collect taxes is limited to a certain rate per centum upon the assessed valuation of the property subject to taxation in to redeem or such city, borough or incorporated town, such limitation shall not be held to apply to or include such part of the taxes imposed, levied and collected therein, as is or may be required to pay the interest upon or provide a sinking fund to redeem and pay the funded debt of such city, borough or incorporated town, and that such city, borough and incorporated town shall have full right and authority, in addition to the amount now authorized therein to be raised by taxation, to levy, impose and collect a sum sufficient to provide for such interest and sinking fund. 2. And be it enacted, That this act shall take effect immediately. Approved February 15, 1886. Section amended. CHAPTER XVII. An Act to amend an act entitled "Supplement to an act regulating fisheries," approved March third, one thousand eight hundred and eighty-two. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That section one of the act to which this act is amendatory, be and the same is hereby amended so as to read as follows: fish for black [1. BE IT ENACTED by the Senate and General Assembly of when lawful to the State of New Jersey, That from and after the passage bass. of this act it shall be lawful to commence fishing in any of the waters of this state with hook and line for black bass on the thirtieth (30th) day of May in each and every year.] 2. And be it enacted, That all acts and parts of acts Repealer. inconsistent with this act be and the same are hereby repealed. 3. And be it enacted, That this act shall take effect immediately. Approved February 15, 1886. CHAPTER XVIII. Supplement to an act for the limitation of actions. [Revision], approved March twenty-seventh, one thousand eight hundred and seventy-four. within ten 1. BE IT ENACTED by the Senate and General Assembly of Judgments the State of New Jersey, That judgments in any court of may be revived record in this state, entered upon forfeited recognizances years. in criminal cases, may be revived by scire facias, or an action of debt may be brought thereon within ten years next after the date of such judgment, and not after. 2. And be it enacted, That this act shall take effect immediately. Approved February 15, 1886. Time limited for completion of railroads extended for two years. Proviso. Proviso. CHAPTER XIX. An Act to extend the time for completing certain railroads incorporated under an act entitled "An act to authorize the formation of railroad corporations and regulate the same," approved April second, one thousand eight hundred and seventy-three. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That whenever the time limited for the completion of any railroad authorized to be constructed under the act referred to in the title of this act, has expired during the year one thousand eight hundred and eighty-five, or shall expire during the year one thousand eight hundred and eighty-six, such time shall be and the same is hereby extended for a further period of two years; provided, however, that this act shall not apply, unless money has actually been expended in surveys or location of route, or in acquisition of right of way or in construction; and provided, further, that this act shall not apply to any corporation, unless such corporation shall first, and as a condition precedent to the exercise of any power granted by this act, file in the office of the secretary of state an agreement, to be approved by the governor and the attorney-general, waiving all rights of exemption from taxation, and from privileges and advantages arising from any law or contract (if any there be), establishing any special mode of taxation of any such corporation, and the further agreement to be bound by any general law of this state now in existence, or that may hereafter be passed, taxing such corporations as are now authorized to be taxed by the legislature of the state under any general law, and further agreeing that the exercise of any power granted by this act shall not, in any way, affect the rights of the state (if any there exist) to take the property of such corpo |