Boards of registry to re

main in session until

session until eight o'clock in the evening; and that the seventeenth section of said act be and the same is hereby amended eight o'clock by adding at the end thereof the words," or whereon said in the evening boards of registry shall meet, in pursuance of said act, for the purpose of registration."

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

Approved April 4, 1872.

The word "clt

clude bodies

corporate.

CHAPTER DXXXIX.

A Supplement to an act entitled "A further supplement to an act entitled An Act concerning taxes,' approved April fourteenth, eighteen hundred and forty-six, which said supplement was approved April eleventh, eighteen hundred and sixty-six.

1. BE IT ENACTED by the Senate and General Assembly of Izen shall the State of New Jersey, That the word "citizen," in part one, of the fifth section of the act, to which this is a supplement, shall be deemed and taken to include bodies corporate. 2. And be it enacted, That all acts, and parts of acts inconsistent with this act, be and the same are hereby repealed, and that this act shall take effect immediately.

Repealer.

Approved April 4, 1872.

CHAPTER DXL.

An Act to encourage the manufacture of Beet Sugar in this
State.

machinery ex

taxation.

1. BE IT ENACTED by the Senate and General Assembly of Building and the State of New Jersey, That for the term of ten years nexte: pt from after the passage of this act, all the machinery, buildings, real estate and all other property owned by any individual or individuals, corporation or corporations organized under any law of this state, and used exclusively in the business of manufacturing beet sugar, are hereby exempted from taxation for any purpose whatsoever; provided, that this exemp- Proviso. tion from taxation shall not apply to lands upon which beets are raised for the purpose of manufacture.

from taxation.

2. And be it enacted, That the stock of any incorporated Stock exempt company engaged exclusively in the manufacture of beet sugar in this state, held and owned by any individual or individuals, shall be exempt from taxation for any purpose for the time specified in the first section of this act.

3. And be it enacted, That this act shall take effect and. be in force from and after its passage. Approved April 4, 1872.

CHAPTER DXLI.

66

Supplement to an act entitled " An Act to establish a system. of public instruction," approved March twenty-first, one thousand eight hundred and sixty-seven.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey. That the treasurer of this state under the direction of The trustees for the support of free

the support of

make loans

ing houses.

Trustees for schools," is authorized to invest the fund for the support of free schools to public schools in this state, in addition to the securities for the pur mentioned in the sixty-seventh section of the act to which pose of build- this is a supplement, in the bonds of the several school districts of this state, and in the bonds of any city or municipality of this state, legally issued, for the purpose of building school houses, either by authority of special acts of the legislature, or by the consent of the inhabitants of the district, as provided for by the eightieth section of the act to which this is a supplement.

Inhabitants to authorize the

issuing of bonds.

Mode of assessment.

in case of the

2. And be it enacted, That it shall be lawful for the inhabitants of each district, when met in conformity to the provisions of the eightieth section of the act to which this is a supplement, and the inhabitants so met, shall have power, by the consent of two-thirds of those present, to authorize the trustees, for the purpose of building a school house or school houses in such district, to issue the bonds of the district in the corporate name of such district, in such sums and in such amounts, and payable at such times as the said inhabitants so met may direct, with interest at the rate of seven per centum per annum, payable half yearly, which bonds shall be signed by the trustees of such district and attested by the clerk, under the seal of the district, and the bonds so issued shall be a lien upon the property of the said district. 3. And be it enacted, That whenever any district shall order and authorize the issue of bonds, for the purpose aforesaid, it shall be the duty of the district clerk, of such district, each and every year, to issue the warrant of the district, signed by the trustees, and attested by the clerk under the seal of the district, to the assessor or assessors of the township or townships in which such district is situate, directing him to assess upon the inhabitants of said school district, and their estates and the taxable property therein, an amount sufficient to pay the bond or bonds of the district maturing in such year, together with the interest accruing upon the whole issue of the unpaid bonds of such district, which warrant so issued as aforesaid, shall be executed in the same way and manner as is provided by the eightieth section of the act to which this is a supplement.

Proceedings 4. And be it enacted, That in case the bonds of any school non-payment district, city or municipality, or the interest upon any bonds, issued by any school district, city or municipality, and held by the trustees for the support of free schools, are unpaid

of bonds or interest.

when the same become due, it shall be lawful for the state superintendent of public instruction, and it is hereby made his duty, to withhold in the apportionment of the school fund, from such district, city or municipality, in default of the payment of either principal or interest on the bonds so held by the trustees for the support of free schools an amount sufficient to pay the unpaid bond or bonds and interest due upon any bonds so held by the said trustees, for the support of free schools, and the said trustees for the support of free schools, shall apply and appropriate such amount so withheld to the payment of the over due bond or bonds so held by them, and the unpaid interest due upon any bond or bonds held by them.

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

Approved April 4, 1872.

CHAPTER DXLII.

A Further Supplement to an act entitled "An Act respect

ing conveyances."

tates, &c., may

1. BE IT ENACTED by the Senate and General Assembly of Leases for esthe State of New Jersey, That all leases for estates, in lands be recorded. and tenements, for a term not less than two years, or for life, being duly signed and sealed, and acknowledged by the parties thereto in the manner prescribed for the acknowledgment of deeds, may be recorded in like manner as deeds are now recorded.

evidence of

2. And be it enacted, That the record of such lease so Record to be recorded shall be evidence of the title of the lessee in the title. demised premises, and a copy of such record, duly certified by the clerk or register of deeds for the county wherein the demised premises are situate, shall be received in evidence in all courts in like manner as the original lease, so recorded, might be; and such record shall be notice to and valid against subsequent judgment creditors, purchasers, lessees or mortgagees.

Manne" of sale

of debts.

3. And be it enacted, That the estate of any such lessee tment in the demised premises, the lease whereof shall have been recorded in manner aforesaid, shall be liable to sale for the payment of debts, in like manner only as estates of freehold are now liable therefor.

Assignment of lease may be recorded.

Assignments

of leases by

gage declared Valid

4. And be it enacted, That any assignment of such lease so recorded, such assignment being signed, sealed and acknowledged in manner aforesaid, may be recorded in like manner, and the record thereof shall have the same force and effect as the record of the original lease, and shall operate to transfer to the assignee thereof the interest in said leasehold premises, and the benefit of all covenants in said original lease contained.

5. And be it enacted, That assignments of such leases and way of mort, leasehold interests by way of mortgage and as security for moneys loaned to or owing by the lessee or assignee of such leasehold estate, shall be valid; and the same being duly signed, sealed and acknowledged in manner aforesaid, may be recorded or registered in like manner as mortgages of freehold now are, and the record or registry thereof shall have the same force and effect.

for the sale of lands, &c., may be recorded.

Agreements 6. And be it enacted, That agreements for the sale and conveyance of lands and tenements, or of any interest therein, being signed, sealed and acknowledged in manner aforesaid, may be recorded, and the record of such agreement shall be notice to all persons of such agreement from the time of so recording the same, and copies thereof, duly certified as aforesaid, shall be received in evidence in like manner as certified copies of deeds may be received in evidence.

Fees of the clerks and register.

7. And be it enacted, That the clerks and register of deeds of the several counties of this state, shall be entitled to receive the same fees for services performed under this act, as are provided by law for recording deeds and recording or registering mortgages.

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

Approved April 4, 1872.