27:11-7 - Act of 1922
27:11-7.Ā Act of 1922
L.1922, c. 262, p. 634 (1924 Suppl. s.s. 179-821 to 179-839), entitled "An act for the construction, improvement, reconstruction and rebuilding of the state highway system;Ā providing for the defraying of the cost of the same by the taxation of real and personal property in this state, and by the creation of a debt of the state in an amount not exceeding forty million dollars by the issuance of bonds therefor, and for the submission of this act to the people atĀ a general election,"Ā passed March seventeenth, one thousand nine hundred andĀ twenty-two, saved from repeal, together with the following supplement theretoĀ passed March fourteenth, one thousand nine hundred and twenty-four (L.1924, c.Ā 249, p. 660;Ā 1924 Suppl. s.s. 179-840 and 179-841).Ā [This act provides for theĀ raising of money for highway purposes and the issuance of bonds of the state inĀ the amount of forty million dollars.Ā It prescribes the time and manner inĀ which the bonds shall be issued and provides for the establishment of a sinkingĀ fund and the investment of the moneys thereof, and the levying of a general property tax to pay the principal and interest of such bonds.Ā The act was submitted to the voters of the state at the general election held in NovemberĀ 1922, and was officially declared adopted on December 5, 1922. The supplementĀ passed March 14, 1924, provided for the repayment to the several municipalitiesĀ of excess taxes collected under the original act.]
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L.1922, c. 262, p. 634 (1924 Suppl. s.s. 179-821 to 179-839), entitled "An act for the construction, improvement, reconstruction and rebuilding of the state highway system;Ā providing for the defraying of the cost of the same by the taxation of real and personal property in this state, and by the creation of a debt of the state in an amount not exceeding forty million dollars by the issuance of bonds therefor, and for the submission of this act to the people atĀ a general election,"Ā passed March seventeenth, one thousand nine hundred andĀ twenty-two, saved from repeal, together with the following supplement theretoĀ passed March fourteenth, one thousand nine hundred and twenty-four (L.1924, c.Ā 249, p. 660;Ā 1924 Suppl. s.s. 179-840 and 179-841).Ā [This act provides for theĀ raising of money for highway purposes and the issuance of bonds of the state inĀ the amount of forty million dollars.Ā It prescribes the time and manner inĀ which the bonds shall be issued and provides for the establishment of a sinkingĀ fund and the investment of the moneys thereof, and the levying of a general property tax to pay the principal and interest of such bonds.Ā The act was submitted to the voters of the state at the general election held in NovemberĀ 1922, and was officially declared adopted on December 5, 1922. The supplementĀ passed March 14, 1924, provided for the repayment to the several municipalitiesĀ of excess taxes collected under the original act.]
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