Bond issue. Time. Rate. Redemp 2. The township committee shall issue registered or coupon bonds of such township for the purpose of raising the money necessary to pay for the said sewer so purchased or acquired by condemnation as aforesaid. Such bonds shall be made payable at times therein specified, which times shall not be more than eleven years* after date, but always so that an equal amount shall fall due each year after the year of issue, except the first year. The rate of interest on such bonds shall not exceed five per centum per annum, and the denomination ⚫ of the same shall be fixed by the township committee issuing the bonds, and they may be sold at public or private sale for not less than par. All sums collected for assessments made as hereinafter provided, and the interest thereon, shall be held and used for the payment. or redemption of the bonds issued to pay for the cost of the said sewer or sewers, for which such assessments were imposed, and no money so collected shall be used for any other purpose whatsoever until such bonds, with interest thereon, shall have been fully paid. tion of bonds. Cost assessed by commis sion. Oath. 3. As soon as possible after the purchase or condemnation of the said sewer, three commissioners shall be appointed, by resolution of said township committee, to assess the cost incurred by the said committee in the matter, and all lawful expenses, upon the land and real estate benefited by the purchase or acquisition of the said sewer and in proportion to the benefit received thereby, and in making the said assessment, the same shall be made upon the several lots or parcels of land benefited, in proportion to the benefits actually received by each one of said lots or parcels of land, and no lot or parcel of land shall be assessed more than it is really benefited, and the excess, if any, of such cost and expenses, over and above the amount so assessed upon such land, shall be assessed upon the township at large wherein such sewer shall lie. Said commissioners shall be resident freeholders of said township, but shall not be interested in any land within the drainage area of said sewer, and shall not otherwise be interested in the purchase or acquisition of the said sewer. They shall, before entering upon their duties, take and subscribe, pared. Benefits indicated in before some officer empowered by law to administer oaths, an oath in which they shall swear that they are not interested in any land within the drainage area of the said sewer, and are not otherwise interested in the purchase or acquisition of the said sewer, and that they are resident freeholders of such township, and that they will faithfully execute the duties of their office. After Map pretaking said oath said commissioners may proceed immediately to execute the duties of their office, and they shall, after having first ascertained the exact drainage area of such sewer, and the names of the persons owning the land within such area, and the amount of land cwned by each of such persons, cause a map of such drainage area to be made, showing the said sewer, and the subdivisions of the land within said area as owned by such owners. They shall then ascertain the said cost and expenses, and assess the said cost and expenses so ascertained upon the land and real estate benefited by the purchase or acquisition of said sewer in proportion to the benefit received and in the manner aforesaid, which assessment shall be manifested by a report, in writing, to the township committee, signed by said commissioners, or any two of them, and accompanied by the map aforesaid, and which said map shall also show the amount assessed upon each lot or parcel of land, whether such assessments are for immediate benefits, or whether they are for prospective benefits as hereinafter provided, the names of the owners of such lands, so far as the same could be ascertained, and the excess, if any, of said cost and expenses assessed upon the township at large; but no assessment shall be deemed defective by reason of any mistake in the names of any of the owners, or by reason of the omission of the names of any of such owners. report. assessments. 4. In making assessments for benefits arising from Collectible the purchase or acquisition of such sewer, such assessment shall, as to lands which front or abut on said sewer, or are in the vicinity of the line of said sewer, whereby a direct tapping or drainage benefit is secured, be collectible forthwith upon the adoption of an ordinance confirming said assessments, but where such benefit is pros Method of apportioning assessments. Report and map filed with clerk. Hearing of objections. pective only, depending upon the construction of any other connecting sewer or sewers, such assessments shall be collectible, and bear interest only from the time when the assessments to be made for benefits conferred upon such land by the construction of such other sewer or sewers, along the line of which such land and real estate fronts, or is in the vicinity of, shall be collectible. 5. In ascertaining and estimating assessments for benefits which shall be prospective only, as provided in the preceding section, the benefit conferred upon all the land fronting on such sewer, or in the vicinity thereof, and having an immediate tapping or drainage benefit, shall be first ascertained, and after deducting the amount thereof from the entire amount of the said cost and expenses, the balance, or so much thereof as may properly be assessable upon such land not having an immediate tapping or drainage benefit, but which shall be situate in such drainage area or district, shall, to the extent that the same may be benefited when such connecting sewer or sewers shall have been built, be assessed upon such land. 6. The report and map of the said commissioners shall be filed in the office of the township clerk of such township, and thereafter said clerk shall, at the direction of the township committee, cause a notice to be published for at least three weeks, once in each week, successively, in two or more newspapers published in such county, and circulating in said township, stating that the said commissioners have filed their map and report in the office of said township clerk, and that the township committee will meet at a time and place within said township, specified in said notice, which day shall be at least thirty days after the first publication of said notice, to consider any objections to said report which may be presented in writing to the township clerk, on or before the day fixed in said notice. In case objections to any assessments in said report are made, and the said committee, after such hearing, shall not deem them to be well founded, the said committee may, by ordinance, confirm the said report, and the assessments thereby levied and imposed, or if they refuse to confirm the same they may return it to report. ordinance the said commissioners with any such obejctions that may have been received, for such amendment as may, Amended to said commissioners, seem reasonable and proper, and the said committee may thereafter, without further notice to any person, by ordinance confirm said report and the assessments thereby levied and imposed, whenever said report is again filed by said commissioners with the township clerk. Said ordinance confirming said Confirming report shall be adopted in the same manner as other ordi- adopted. nances are at the time adopted in townships, and the said ordinance shall provide whether said assessments for benefits then payable under said ordinance shall be paid in one payment, or in equal annual installments, not exceeding ten. All assessments shall draw interest from Interest on the time they become due and payable, at the rate of six per centum per annum, and, if made payable in installments, there shall be due and payable with each installment thereon and on the unpaid portion of such assessment interest at the same rate; but any assessment on any lot or parcel of land, or any and all installments thereof, may be paid at any time before the same become legally overdue, with all arrearage of interest to the time of payment, and all assessments for immediate benefits shall become due and payable upon the adoption of the said ordinance. assessments. lien. 7. Immediately upon the confirmation by the town- Assessments a ship committee of any report of commissioners, levying and imposing assessments for benefits, such assessments shall constitute a first and paramount lien on the property assessed for the amount so assessed against it, with interest and any costs of collection, and shall so remain until the said assessments, together with interest and costs of collection, if any, shall be paid, notwithstanding any devise, descent, alienation, mortgage, or other encumbrance thereof. 8. Within five days after the adoption of said ordinance confirming the report of said commissioners, it shall be the duty of the township clerk to deliver to the collector of taxes of said township, a certified copy of such ordinance and of the said report, and thereupon it shall be the duty of such collector to collect all assess Notice to, collector. and duty of, Collection of unpaid assess ments. Proviso. Compensa tion of commissioners. ments then payable according to the terms of the said ordinance, and in the manner therein provided, and to report such collections from time to time to the township committee, and to pay over the moneys so collected to the township treasurer. 9. Whenever any assessment for benefits, or any installment thereof, shall remain due and unpaid for the period of one year after the same shall become due and payable under the ordinance confirming said report, such assessment or installment may be collected in the same manner as delinquent taxes upon real estate are then enforced and collected in townships, and the land upon which the same is a lien may be sold therefor in the manner at that time provided in the case of delinquent taxes upon real estate in townships; provided, that nothing in this section contained shall be construed as regulating the time during which any such assessment shall be and remain a lien on the land against which it has been assessed. 10. Commissioners appointed by the township committee for the purpose of assessing benefits shall receive for their services a sum to be fixed by the township committee not exceeding five dollars per day. II. This act shall take effect immediately. Liquor licenses granted for a year. CHAPTER 242. An Act relating to the granting of licenses for the sale of spirituous, vinous, malt and brewed liquors in municipalities in counties of the fourth class in this State. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: 1. Hereafter all licenses for the sale of spirituous, vinous, malt and brewed liquors in municipalities in |