corporations at least fifty per centum of whose capital stock issued and outstanding is invested in mining or manufacturing carried on within this state, and which mining or manufacturing corporations shall have stated in the annual return to the state board of assessors where the mine or manufacturing establishment of such corporation or corporations is or are located, the character of the ores mined or the goods manufactured, the total amount of its capital stock embarked in the business of mining or manufacturing and the amount of capital stock actually employed in New Jersey in carrying on such mining or manufacturing business; if any manufacturing or mining company carrying on business in tions allowed. this state shall have less than fifty per centum of its When certain deduc Repealer. capital stock issued and outstanding, invested in business carried on within this state, such company shall pay the annual license fee or franchise tax herein provided for companies not carrying on business in this state, but shall be entitled, in the computation of such tax, to a deduction from the amount of its capital stock issued and outstanding of the assessed value of its real and personal estate so used in manufacturing or mining. 2. All acts and parts of acts inconsistent with the provisions of this act be and the same are hereby repealed, and this act shall take effect immediately. Approved February 19, 1901. Time for completing certain railroads extended. CHAPTER 10. An Act for extending the time for completing certain railroads. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: I. Whenever the time limited for the completion of any railroad authorized to be constructed within this state under any special or general act has expired or shall expire before the thirty-first day of December, one thousand nine hundred and two, such time shall be and the same is hereby extended for the further period of two years from the passage of this act; provided, how- Proviso. ever, 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 since January first, one thousand eight hundred and eightysix; provided further, that this act shall not apply to Proviso. any corporation unless such corporation shall first, and as the 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 attorney-general, waiving all right 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 be hereafter 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 this state, if any there exist, to take the property of such corporations under any existing law of this state, and agreeing further that all laws affecting such corporations shall be subject to alteration or repeal by the legislature. 2. This act shall be deemed a public act, and shall take effect immediately. Approved February 21, 1901. Section amended. Bonds issued for addi tional sum. Duties of treasurer. CHAPTER II. An Act to amend an act entitled "A further supplement to an act entitled 'An act to enable incorporated towns to construct water-works for the extinguishment of fires, and supplying the inhabitants thereof with pure and wholesome water,' passed March fifth, one thousand eight hundred and eighty-four," which said supplement was approved March seventeenth, one thousand eight hundred and eighty-seven. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: I. Section two of the act to which this is an amendment be amended so as to read as follows: 2. Should the legal electors of such town, incorporated borough, camp-meeting association or other municipal commission at such election vote an additional sum for such water-works, that it shall be the duty of the board of commissioners or other governing board or body of such town, incorporated borough, camp-meeting association or other municipal commission to issue the bonds of said town, incorporated borough, campmeeting association or other municipal commission for said sum, said bonds to bear a rate of interest not exceeding the legal rate, payable semi-annually, the principal thereof to be payable in thirty years from the date thereof, or sooner, at the option of said town, incorporated borough, camp-meeting association or other municipal commission, and it shall be the duty of the treasurer or other disbursing officer thereof to make sale of the bonds so issued at not less than their par value, and to pay the proceeds of said sales to said board of water commissioners, to be by them appro validity. priated according to the provisions of said act; the purchaser or holder of said bonds, whether heretofore or Recital of hereafter issued, shall not be obliged to ascertain that the act to which this act is a supplement has been adopted at a special election, or that the sum for which said bonds are issued has been voted at a special election as provided in this act, but said bonds shall contain a recital that they are issued pursuant to this act, which recital shall be conclusive evidence of their validity and the regularity of their issue. 2. This act shall take effect immediately. Approved February 25, 1901. CHAPTER 12. An Act authorizing certain municipalities to advance moneys to the board of education therein, in anticipation of moneys to be received by such board, and to borrow on temporary loans for the purpose of making such advances and providing for the repayment thereof. Be it enacted by the Senate and General Assembly of the State of New Jersey: I. The board of education in any municipality where appropriations for municipal purposes are by law made during the fiscal year for which such appropriations are required, may, during the portion of the year intervening between the beginning of such fiscal and the adoption of such tax levy therein, expend in anticipation of appropriations and apportionments to be made to it from all sources, sums of money proportioned for such period to the sum appropriated and apportioned and expended for like purposes by it during the preceding fiscal year of the municipality; and the board or body of such municipality having charge of the finances Provision for thereof, may borrow on temporary loans such sum or sums as shall be necessary to provide for such anticipation of appropriations or apportionments aforesaid. 2. It shall be the duty of all departments and officers charged with the receipt and expenditure of municipal or school funds, immediately upon the receipt of money from any appropriation or apportionment whatsoever, except appropriations made by the board or body having charge of the finances of such municipality, to pay the same to the treasurer of such municipality or so much thereof as may be necessary to discharge and pay such temporary loans. 3. This act shall take effect immediately. Certified copy as evidence. CHAPTER 13. A Supplement to an act entitled "An act to secure in this state the certification of marriages, births and deaths and of the vital facts relating thereto, and provide for the record thereof," approved February fifteenth, one thousand eight hundred and eightyeight. Be it enacted by the Senate and General Assembly of the State of New Jersey: 1. The records of marriages, births and deaths, heretofore, and at any time prior to, the passage of the act to which this is a supplement, made, and kept by the secretary of state of this state, or any copy thereof, or of any individual record thereof, certified to be a true copy under the hand of the medical superintendent of the state bureau of vital statistics, shall be received in evidence in any court of this state to prove the facts therein contained. 2. This act shall take effect immediately. |