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Referendum.

Place and notice of election.

conducted.

dred and ninety-eight feet south of the dwelling-house formerly owned by Myron W. Young (now Trotter's); thence up the Raritan river to the place of beginning.

2. This act shall not become operative until it shall have been accepted by a majority vote of the qualified voters of said town at a special election, to be held therein on the first day of May, one thousand nine hundred and seven, from six A. M. to seven P. M. of said day. The clerk of the board of street commissioners of said town shall provide a place in which said election shall be held, and shall cause public notice, in writing, signed by himself, of the time, place and object of such clection, to be posted in at least ten public places in said town for at least ten days prior thereto, and also cause such notice to be published, once a week, for a like space

of time, in at least one newspaper published or circuHow election lating in said town. Said election shall be by ballot

and shall be conducted by the local board of registry and election for the election district in which said town is situated. The registry of voters used at the last general election shall be used at this election, and the said board of registry and election shall meet on Saturday preceding the said election at the place where the same is to be held, from one P. M. to nine P. M., for the purpose of revising and correcting the same in the manner provided under the general election laws. Notice of such meeting shall be given by the clerk of said board of street commissioners at the time and in the same manner as notice of said election. The said clerk shall also provide two forms of ballots, reading as follows: “For an act to incorporate the borough of South Bound Brook," "Against an act to incorporate the borough of South Bound Brook," and he shall provide a number of each of said ballots, at least double the number of that of the registered legal voters in said town. The cfficers holding said election shall immediately at its close certify, under their hands, in duplicate, the result thereof; one of such certificates shall be filed with the clerk of the township of Franklin and one copy with the clerk of the county of Somerset, who shall record the same in the records of incorporations in his office, and after said certificate is filed and recorded as afore

Revision of registry.

Form of ballot.

Result certified.

said no proof of such election having been held, or of the result thereof, shall be necessary in any suit in law or equity. The said election officers shall receive the same compensation as for other elections, and shall be paid by the said board of street commissioners, or the borough of South Bound Brook, according to the result of such election.

3. All contracts heretofore entered in by the board of All contracts, street commissioners of South Bound Brook shall be and actions binding upon as well as inure to the benefit of "The binding. Borough of South Bound Brook." All ordinances heretofore passed by the board of street commissioners shall remain in full force and virtue, subject to amendment or repeal by the council of said borough. In all actions in law or equity, or other legal proceedings concerning such contracts or ordinances, in which the board of street commissioners would in anywise be a party “The Borough of South Bound Brook" shall be substituted.

4. The officers of the board of street commissioners Records shall, within thirty days after the election or appoint- to borough ment of corresponding borough officers, turn over to officers. such borough officers all papers, books, records, vouchers, money and other property in their possession as Such officers.

5. This act shall take effect immediately. Approved April 11, 1907.

CHAPTER 38.

An Act in relation to the expenditure of public moneys.

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. Any board, committee or commission which, by Accounting the laws of this State, is now vested with the power to municipal expend public moneys other than by warrant upon the treasurer or collector of the municipality or counties, respectively, wherein such boards, committees or com

for county or

funds.

Annu ment.

missions may exist, shall, within ten days after the beginning of the fiscal year, in any county or municipality of

this State, file with the treasurer, collector or other state officer of such county or municipality a statement in de

tail, showing the items of moneys received and dis-
bursed by such board, committee or commission during
the then preceding fiscal year, and also showng the bal-
ance remaining in the hands of such board, committee or
commission at the end of the fiscal year.

2. This act shall take effect immediately.
Approved April 11, 1907.

CHAPTER 39.

A Further Supplement to an act entitled "An act rela

tive to trustees," approved March twenty-seventh, one thousand eight hundred and seventy-four.

Powers, etc., of trustees.

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. Every trustee appointed by the Court of Chancery or by any other court of competent jurisdiction, in addition to or in place of any trustee or trustees appointed by any last will and testament or other instrument creating or continuing a trust, shall have the same power, authority and discretion with respect to the investment, management, conversion, sale or other disposition of the trust estate as was given to or vested in the original trustee or trustees named in or appointed by such will or other instrument, notwithstanding such power may be directed by such will or other instrument to be exercised at the discretion of such original trustee or trustees unless such power, authority or discretion shall have been or shall be expressly prohibited by such will or other instrument to any additional or substituted trustee.

2. This act shall apply to trusts created as well before as after it shall take effect.

3. This act shall take effect immediately.
Approved April 11, 1907.

Application.

CHAPTER 40.

An Act relative to the payment of deposits made with

any bank or trust company in the name of two per

sons.

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. When a deposit has been made, or shall hereafter Payment of be made in any bank or trust company transacting busi- two names. ness in this State in the name of two persons, payable to either, or payable to either or the survivor, such deposit, or any part thereof, or any interest or dividend thereon, may be paid to either of said persons whether the other be living or not.

2. This act shall take effect immediately. Approved April 11, 1907.

CHAPTER 41.

An Act to provide meeting places, necessary supplies

and to defray the expenses of the boards of taxation in counties of this State.

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. The board of chosen freeholders of each county Quarters and shall provide suitable meeting room or rooms for the supplies. transaction of the business of the county board of taxation and procure suitable furniture therefor, and such books, stationery, fuel and supplies as may be necessary. 2. They shall provide a proper place for the safe- Safes.

.

Traveling expenses.

Bills attested.

keeping of the tax duplicates and papers of the said board of taxation.

3. They shall defray the actual traveling expenses of the members of said boards of taxation and the secretaries thereof.

4. The bills for such expenses shall be paid by the said boards of chosen freeholders when attested by the president and secretary of the said boards of taxation.

5. This act shall be deemed a public act, and shall take effect immediately.

Approved April 11, 1907.

CHAPTER 42.

A Supplement to an act entitled “An act respecting the

Court of Chancery (Revision of 1902),” approved
April third, one thousand nine hundred and two.

Service upon corporations.

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

1. In any suit or proceeding heretofore or hereafter begun in the Court of Chancery against a corporation of this State, process of subpæna or other writ, notice, orders and papers of any nature whatsoever in such suit or proceedings served upon the president, vice president, a director or the designated agent of the corporation or other officer thereof, shall be good and effective service upon the corporation.

2. This act shall take effect immediately.
Approved April 11, 1907.

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