Bond issue Amount. Time and rate. 10. For the purpose of defraying the cost and expense of the construction of said reservoir and incidental works, and the purchase or condemnation of the necessary lands, water works and reservoirs already in existence, and the pipes, mains and conduits connected therewith, and the franchise and franchises as aforesaid, so as to enable the said city to properly operate and complete a perfect system of water-supply, it shall and may be lawful for said common council, board of aldermen or other governing body of such city to cause to be issued, under the hand of its mayor and the seal of said city, bonds to an amount to be determined upon by said common council, board of aldermen or other governing body, payable within thirty years from the date of issue, and bearing interest at a rate not exceeding five per centum per annum, pledging the faith and credit of said city for the payment thereof, which bonds shall be sold to the highest bidder therefor; and any such city availng itself of the provisions of this act shall, in its annual tax levy, raise sufficient money to pay the interest on said Sinking fund. bonds and to provide a sinking fund for their retirement at maturity, and shall also raise in its annual tax levy, in the same manner as it raises the money for repairs to public streets or buildings, the annual expenses of the operation and maintenance of such plant; provided, that in raising such annual tax such city or its assessing or collecting officer or officers shall not be restricted by any special act of the Legislature whereby the amount of any tax to be raised in such city is limited to any particular percentage upon the valuation of the assessed property therein. Proviso. 2. This act shall take effect immediately. CHAPTER 234. An Act making an appropriation for plans and estimates of cost for the improvement of Manasquan Inlet. WHEREAS, It is represented by the Geological Reports Preamble. of New Jersey for the year one thousand nine hundred and five that for a moderate cost the Manasquan inlet can be made available for small craft, at all times, and thereby be a great saving to both life and property, as well as promoting pleasure boating and fishing industries along the coast from Sandy Hook to Barnegat; and WHEREAS, It is believed that the late plans proposed in the report aforesaid, if adopted, are both feasible and economical; therefore BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: tion. I. The sum of two hundred dollars, or so much Appropriathereof as may be necessary, be and the same is hereby appropriated out of the State fund for the use and purpose of making plans and estimates of cost for the construction of a "reaction jetty," as is indicated in the report of the State Geologist, year one thousand nine hundred and five, part one, showing changes on the Jersey coast. The aforesaid sum (two hundred dollars) to be used How used. under the direction of the State Geologist, for expenses of survey and estimate, who shall transmit to the Gov ernor a report of the work and his recommendation re- Report. garding it. 2. This act shall take effect immediately. Approved June 10, 1907. Section amended. Salaries of oyster superintendents. Repealer. CHAPTER 235. An Act to amend section six of an act entitled "An act to provide for the marking and designating of the channels of the bays, thoroughfares and sounds flowed by tide water in the counties of Ocean, Atlantic and Cape May," approved June twelfth, one thousand nine hundred and six. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. Section six of an act entitled "An act to provide for the marking and designating of the channels of the bays, thoroughfares and sounds flowed by tide water in the counties of Ocean, Atlantic and Cape May," approved June twelfth, one thousand nine hundred and six, be amended and read as follows: 6. Each superintendent shall receive annually, as compensation for the duty required by this act, the sum of one hundred dollars, payable July fifteenth, for each district in which such channel shall be so designated, and shall be allowed for the materials and services necessary to carry this act into effect the additional sums of four hundred dollars for the district embraced by Ocean county, four hundred dollars for the district embraced by Atlantic county and six hundred dollars for the district embraced by Cape May county. 2. All acts and parts of acts inconsistent herewith be and the same are hereby repealed to the extent of such inconsistencies, and that this act shall take effect immediately. Approved June 10, 1907. CHAPTER 236. An Act providing for a survey or surveys to show the amount of dredging necessary to deepen the channels. of the inland waterways extending from Cape May to Bay Head along the Atlantic coast, and for esti- . mates of the cost of deepening the same and appropriating five thousand dollars to defray the expenses of such surveys and estimates. Be it enacted by the Senate and General Assembly of the State of New Jersey: deepening channel made by geologist. 1. The State Geologist of the State of New Jersey Estimates for is hereby authorized and directed to make an estimate of the amount of expenditures necessary to deepen such portions of the inland waterway extending from Cape May to Bay Head along the Atlantic coast as may be required to be deepened to secure a channel between said points of the minimum depth of eight and ten feet, respectively, at low water, and of the width of fifty feet, and to make a report of the estimate so made by him to the one hundred and thirty-second session of the Legislature of the State of New Jersey at the opening thereof. 2. Said report to be made by the said State Geologist Detailed shall include a detailed statement of the manner in which said estimate is by him made, and shall show the estimated cost of the width named in the preceding paragraph at the two depths respectively named, and shall be accompanied by suitable maps and data to elucidate. the same. report. 3. In making such surveys as may be essential to pro- Assistance. cure the necessary data from which the estimates referred to in the preceding sections may be made the State Geologist is authorized to employ such assistance as in his judgment may be necessary, and the total cost Appropria tion. of making said survey and estimates shall not exceed the As to bulk sales. Purchaser to protect himself by inquiry and notice to creditors. Proviso. CHAPTER 237. An Act to prohibit sales of merchandise in bulk in fraud of creditors. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. The sale in bulk of the whole or a large part of the stock of merchandise and fixtures, or merchandise or fixtures, otherwise than in the ordinary course of trade, and in the regular and usual prosecution of the seller's business, shall be void as against the creditors of the seller, unless the purchaser shall, in good faith and for the purpose of giving the notice herein required, make inquiry of the seller and receive from him a list in writing of the names and places of residence or business of and indebtedness to each and all of such creditors, and unless the purchaser shall, at least five days before the consummation of the sale, give personal notice of said proposed sale to each of the creditors of the seller as appearing on said list, or use reasonable diligence to cause personal notice to be given to them, or shall deposit in the mail a registered letter of notice, postage prepaid, addressed to each of the seller's said creditors at his post-office address, according to the written information furnished; provided, however, that no proceedings at law or equity shall be brought against the purchaser to invalidate any such voidable sale after |