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Current as of January 01, 2024 | Updated by Findlaw Staff
2. That the boards of chosen freeholders of the several counties of Hunterdon, Burlington, Middlesex, and Somerset shall, at or before their next annual meetings, ascertain and state in writing, the shares of such portions of said surplus revenue as have heretofore been paid to those counties respectively, upon which those parts of the county of Mercer which were formerly included in their respective counties, if then composing separate and distinct townships in those counties, would have been entitled to receive the interest in proportion to the amount of taxable property and ratables therein, according to the assessment made next before the payment of said surplus to the said counties, and shall, within thirty days thereafter, deliver such statement to the treasurer of this state, and shall, within the time aforesaid, pay to the said treasurer the interest which shall then have accrued on the said shares, and shall also, within the time aforesaid, pay to said treasurer the principal of said shares, or deliver to said treasurer the bonds and mortgages or other securities by them respectively taken and received to secure the repayment of such shares, or other good and sufficient securities for the same amount, deducting therefrom a just proportion of all costs and expenses incurred in the receiving, loaning and management of said surplus, and having first duly assigned the same to the board of chosen freeholders of the county of Mercer.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 52 § 8-1(6) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-52-8-1-6/
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