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Current as of January 01, 2024 | Updated by Findlaw Staff
1. That as soon as the governor, treasurer and speaker of the house of assembly of this state, and the survivors or survivor of them, and their successors in office, and the survivors or survivor of them, shall receive, or may have received, in deposit, any portion of the surplus revenue of the general government, which fell to the share of this state, on the first day of January last, and which may fall to the share of this state at any time or times hereafter, they shall apportion the same among the several counties of this state, in the ratio of the state tax paid by the several counties into the treasury of the state during the past year; provided, that the counties of Passaic and Atlantic, erected by an act entitled “An act to erect parts of the counties of Essex and Bergen into a new county, to be called the county of Passaic, and the eastern part of the county of Gloucester into a separate county, to be called the county of Atlantic,” passed February seventh, one thousand eight hundred and thirty-seven, shall be and they are hereby entitled to receive, in like manner and upon the like conditions, their share or proportion, respectively, of the surplus revenue aforesaid, according to the said ratio of apportionments; and that the counties of Essex, Bergen and Gloucester shall abate from their respective apportionments, in proportion to the sums apportioned to the said new counties which have been set off from their respective districts, a true list of which apportionment shall be made out, and filed by the governor, treasurer and speaker of the house of assembly in the office of the treasurer of this state, whose duty it shall be forthwith to notify in writing the collectors of the several counties of this state of the sum apportioned to each county respectively; and the respective boards of chosen freeholders of the several counties are hereby authorized and empowered to pledge the faith of their respective counties for the safe-keeping and repayment thereof; and the governor, treasurer and speaker of the house of assembly of this state shall deliver the same to the collectors of the several counties, or other competent authority authorized by the board of chosen freeholders of such county, on receiving certificates of deposit therefor, signed by the director of the respective boards of chosen freeholders, in such form as may be prescribed by the governor, treasurer and speaker of the house of assembly of this state, or the survivors or survivor of them, which certificate shall express the usual and legal obligations and pledged faith of the county for the safe-keeping and repayment thereof; and shall pledge the faith of the county receiving the same, to pay the said money, and every part thereof, from time to time, whenever the same shall be required for the purpose of being refunded, into the treasury of the United States, according to the provisions of an act of congress to regulate the public deposits, passed the twenty-third day of June, A.D. eighteen hundred and thirty-six, or whenever in the opinion of the legislature the interest of the state may require its return; provided, however, that in case any board of chosen freeholders of any county in this state shall neglect or refuse, for the space of three months after such board shall be notified to repay the same, according to the provisions contained in this section, that then it shall and may be lawful for the legislature of this state to cause the sum received by such county, or any part thereof, that may remain unpaid, to be assessed, levied and collected as other taxes for county and township purposes are or may be by law assessed, levied and collected in such county; and it shall be the duty of the assessors, collectors and other officers of such county to perform all the duties required by law in assessing, levying and collecting such taxes, and when received to pay the same forthwith to the treasurer of this state.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 52 § 8-1(1) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-52-8-1-1/
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