GENERAL PUBLIC ACTS PASSED BY THE NINETY-SIXTH LEGISLATURE. CHAPTER I. A Further Supplement to an act entitled "An Act to provide for the support of the government of this State and to fix the salaries of public officers," approved April fourth, eighteen hundred and forty-five. 1. BE IT ENACTED by the Senate and General Assembly of Salary. the State of New Jersey, That the governor of this state shall be entitled to receive an annual salary of five thousand dollars 2. And be it enacted, That this act shall take effect January 16, 1872. EDWARD BETTLE, President of the Senate. NATHANIEL NILES. Speaker of the House of Assembly. Approved January 10, 1872. THEODORE F. RANDOLPH, Governor. Consent of state. CHAPTER VII. An Act to amend the act entitled "An Act giving the consent of the State of New Jersey to the erection of defenses at Finn's Point, New Jersey." 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the act entitled "An Act giving the consent of the state of New Jersey to the erection of defenses at Finn's Point, New Jersey," approved April sixth, 1871, shall be so construed as to give the consent of the state to the purchase by the United States of the land. on Finn's Point, for the erection of fortifications thereon. EDWARD BETTLE, President of the Senate. NATHANIEL NILES, Speaker of the House of Assembly. Approved February 1, 1872. JOEL PARKER, Governor. Secretary of state to com. CHAPTER X. Supplement to An Act to regulate the business of fire, life, accident, marine and live stock insurance by companies or associations not incorporated by this State, approved April ninth, one thousand eight hundred and sixty-seven. 1. BE IT ENACTED by the Senate and General Assembly of pute value of the State of New Jersey, That it shall be the duty of every bonds. life insurance company incorporated by the laws of this state, to make return in January of each year to the secre policies and tary of this state, showing all its policies and annuity bonds in force on the first day of said month, with such particulars of the same as are necessary for the valuation thereof as hereinafter directed; the secretary of state shall thereupon. compute or cause to be computed the value of such policies and bonds, or what is known as the reinsurance fund therefor, according to the American experience table of mortality, and interest at the rate of four and a half per centum per annum; upon such valuation being made, and a certificate thereof furnished by the secretary, each company shall pay to said officer to defray the expense thereof, the sum of one cent for every thousand dollars of the whole amount insured by its policies so valued. taxes. 2. And be it enacted, That when by the laws of any other Licenses and state or nation any taxes, fines, penalties, licenses, fees, deposits of money or of securities, or other obligations or prohibitions are imposed on life insurance companies of this state doing business in such other state or nation, or upon their agents therein, so long as such laws continue in force the same taxes, fines, penalties, licenses, fees, deposits, obligations and prohibitions, and no other of whatever kind shall be imposed upon all such insurance companies of such other state or nation doing business within this state and upon their agents here; provided, that nothing herein shall be held to Proviso. repeal the license fee of fifty dollars required of life insurance companies of other states doing business in this state, or the further payment of twenty dollars for each and every agent appointed by and acting 1or them. 3. And be it enacted, That all acts or parts of acts inconsistent with the provisions of this act be and the same are hereby repealed, and that this act shall take effect immediately. Approved February 6, 1872. Repealer. |