CHAPTER CXLII.

Supplement to an act entitled "An act for the better security of depositors in savings banks," approved April fifth, one thousand eight hundred and seventyeight.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That section two of the act to which this is a supplement be amended to read as follows:

2. And be it enacted, That hereafter it shall not be law- Loans on colful for any saving institution in this state to loan the lateral securities. money on deposit with the same, or any part thereof, upon notes, bills of exchange or drafts, excepting upon the additional pledge of collateral security or securities, which collateral security or securities shall be of the same nature and character as those in which the money deposited may be invested, as directed in the first section of this act, or the capital stocks of national and state banks, or other corporations of this state, which have not defaulted in the payment of interest dividends within two years next preceding the time of such loan, and then only to the extent of eighty per centum of the market value of such collaterals; provided, that the total Proviso. amount of such loans shall not exceed fifteen per centum of the total deposits held by such institution.

2. And be it enacted, That all acts and parts of acts Repealer. inconsistent herewith be and the same are hereby repealed, and this act shall take effect immediately. Approved April 9, 1889.

completion of

railroads ex

tended.

Proviso.

CHAPTER CXLIII.

An act concerning companies empowered to construct horse railroads.

1. BE IT ENACTED by the Senate and General Assembly of Time limited for the State of New Jersey, That the time for commencing and completing any railroad of any corporation heretofore organized under any special act of the legislature of this state, and empowered by any supplement to lay railroad tracts and operate a horse railroad whose time limited for commencing and completing the building of such railroad has expired, shall be extended for the further period of two years from the passage of this act; provided, however, 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 attorneygeneral, waiving all rights to 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 corporation under any existing law of the state; and agreeing further, that all laws affecting such corporation shall be subject to alteration or repeal by the legislature; and provided further, that it any street through which said railroad is proposed to be located shall be paved during the extension of time granted by this act, that in such case no railroad track shall be laid down in said street until the company proposing to construct the same shall

Proviso.

pay to the proper authorities its pro rata share of the cost

of said pavement.

ence extended.

2. And be it enacted, That the period of the existence Period of exist of any such corporation is hereby extended for fifty years from the passage of this act.

3. And be it enacted, That any and all acts and parts of Repealer. acts inconsistent with the provisions of this act be and the same are hereby repealed, and that this act shall take effect immediately.

Passed April 9, 1889.

CHAPTER CXLIV.

An Act in regard to honorably-discharged Union soldiers and sailors holding public office or position.

charged soldiers

ebe removed from

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That no person holding or here- Honorably disafter holding a public office or position under the govern- or sailors not to ment of any city or county of this state, whose term of office except for office is not fixed by law, and who receives a salary from good cause. the city or county, and who is an honorably-discharged Union soldier or sailor, having served in the war of the rebellion, shall be removed from such office or position except for good cause shown after hearing, but such person shall hold his office during good behavior, and shall not be removed for political or partisan reasons.

2. And be it enacted, That all acts and parts of acts incon- Repealer. sistent with this act are hereby repealed, and this act shall take effect immediately.

Passed April 9, 1889.

Section to be amended.

Section as amended.

CHAPTER CXLV.

An act to amend an act entitled "A further supplement to an act entitled 'An act to provide additional accommodations for the insane of this state,' approved March thirty-first, one thousand eight hundred and seventy-one," which further supplement was approved April second, one thousand eight hundred and eightyfive.

1. Be it enactED by the Senate and General Assembly of the State of New Jersey, That section four of the act entitled "A further supplement to an act entitled 'An act to provide additional accommodations for the insane of this state,' approved March thirty-first, one thousand eight hundred and seventy-one," which further supplement was approved April second, one thousand eight hundred and eighty-five, which said section reads as follows:

"4. And be it enacted, That such order of said court or judge, if made, shall be filed in the office of the clerk of said county, and a certified copy shall be sent to the asylum with the said lunatic; and such certified copy shall be sufficient warrant to the officers of said asylum for the detention of the said person," be and the same is hereby amended so as to read as follows:

4. And be it enacted, That the said petition, the proof or acknowledgment of service of the same upon the freeholder, the depositions of the physicians and other witnesses, and the order of said court or judge, if made, shall be filed in the office of the clerk of said county, and a certified copy of said papers shall be furnished by said clerk and sent to the asylum with the said lunatic; and such certified copy shall be sufficient warrant to the officers of said asylum for the detention of the said per

son.

2. And be it enacted, That section five of the act of which this act is amendatory, which reads as follows:

amended.

"5. And be it enacted, That the county clerk shall be Section to be entitled to a fee of fifty cents on each order made under this act, to be paid by the person making the application therefor," be and the same is hereby amended so as to read as follows:

amended.

5. And be it enacted, That the county clerk shall be Section as entitled to a fee of one dollar for filing the papers and furnishing certified copies of the same on each order made under this act, to be paid by the person making the application therefor.

3. And be it enacted, That this act shall take effect immediately.

Approved April 10, 1889.

CHAPTER CXLVI.

An Act to authorize the improvement of roads or streets which constitute the boundary line between two municipalities in the same county.

lines may be

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That any road or street, or section Streets constiof road or street, which constitutes the boundary line tuting boundary between two municipalities in the same county, may be vacated, graded, vacated, altered, straightened, widened, regulated, graded, curbed, guttered, paved, macadamized, flagged, drained

or sewered in the manner provided in and by this act.

&c.

2. And be it enacted, That the term "municipality," as Certain terms used in this act, shall be construed to include all cities, strued. boroughs, towns and townships of this state, and that the term "governing body," as used herein, shall be construed to include the board of aldermen or common council of any city, the council of any town or borough and the township committee of any township, and that the term "road," as used in this act, shall be construed