New Jersey § acts:saved-15 - (6)

§ acts:saved-15. (6)

6. That on and after such map shall have been filed as aforesaid, then the president

and managers of any such company, or a majority of them, shall have full power and

authority to select the location and to construct any such dam or other waterworks

in such way and of such materials and of such character and dimensions as they may

think necessary and proper to carry into full effect this act, and to assess the owners

of the lands included in said company ratably according to the number of acres thereof

severally held by them, in such sum or sums of money as shall be necessary for the

erection of the said banks, dams, and other waterworks, and from year to year so to

assess such sum or sums of money as they may deem necessary to be raised for repairing

and maintaining the said banks, dams, and other waterworks, and for redeeming and

canceling the bonds of such company and for paying off and discharging the interest

due thereon; they shall determine the time or times of payment of such assessments,

and shall make out and deliver a specific duplicate in writing thereof to the treasurer

of the company forty days before the time or times of payment appointed therein;

and the said duplicate, or a copy thereof, duly certified by said treasurer, shall

be by him immediately filed in the clerk's office of the county wherein said lands

are situate, and the same so filed shall be sufficient notice of the lien upon said

lands, and a full receipt for any such assessment given by such treasurer to any such

owner, or a duplicate copy thereof filed in such clerk's office, shall be notice of

the release of the lien of the assessment so receipted for.