The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1895-04-09
CHAPTER VI

state, and providing for the purchase of land
and the construction and repair of buildings fol
high school purposes in such cities
| l. Be it enacted by the Senate and General As
sembly of the State of New Jersey, That when.
ever the board of education or other body having
charge of the public schools in any city Of the frs
class in this state shall, by resolution, determine
that the property or buildings devoted to higf
school purposes in such city are improperly locat
ed OF said buildings are unsantary. inade9uate OF
otherwise unsuitable for high school purposes IL
such city, by certificate signed by the secretary
clerk of said board body, it shall be lawful fol
the common council OF other governing body OF
such city, or board haffhi sCnafSo of the finances
Of such city, by resolution, to appropriate such
sand dollars as they, in their discretion, shall de-
termine, for the purchase Of lands and the cree
ton of buildings, and the furnishing of the same
and for the furnishing of the same, used or to be
used for high school purposes.
g. And be it enacted, That such city, by or
through its common council or other governing
board, OF board having charge of the finances OF
such city, may, from time to time, or ct once, as
may be deemed most advantageous Tor the credit
of such city, borrow the money appropriated
| by the common council or other governing body
of such city, pursuant to the provisions of this act
and may issue bonds of such city to the amount so
appropriated, and may negotiate and sell the same
at any sum not less than par, and the moneys SO
raised BY the sale Of such bonds shall, upon the
board of education or other governing body hav-
ing charge of the public schools of such city, to
be used by such board or body for the purpose
provided for in this act and for no other purpose
whatsoever; said bonds 80 to be issued shall be
made payable in not less than twenty nor more
than thirty years. shall bear interest at rate moi
greater than four per centum per annum, payable
semi-annually. and may be registered coupon
bonds, or may be registered and coupon bond COM
bined, at the option of the city and there shall be
| raised by tax in each year, the interest on the
whole amount of the bonds so Issued, t0g ether
with three per centum for the purposes of the
sinking fund, to be paid to the commissioners OF
the sinking fund of said cities, for the purpose of
meeting the said bonds as they become due.
~ . Ana Pc s enacted a That when, pursuant &c
other governing body Of any such city, or board
having charge of the finances of such city, shall
have appropriated for the purposes of this act any
board of education or .0theT body having control
of the schools of such city, to at once proceed tt
adequate for high school purpose in said city, OF
to reconstruct, repair, improve and furnish such
buildings; provided, however, that no lands shall
be purchased for the purpose of erecting thereon
high school, except with the concurrence ano
approval of the common council, or other govern
ing body Of such city, or board having charge o.
the finances of such city, which concurrence shall
be expressed by resolution Of the said common
council, or other governing body or board having
charge of the finances OF such city, and the it'll
to all lands SO purchased shall be IN the mayor anC
common council of such city.
| 4. And be it enacted, That all moneys raised By
the sale of bonds, or otherwise, pursuant to thu
terms of this act and carried to the account o.
| the board of education, or other body having
charge Of the public schools in any city Of the frs
| class in this state shall be carried in an accoun
] to be designated "hlgh school construction &C
| count" and all warrants drawn by the board o.
education, or other body having control of tn,
public schools in any such city upon this account
shall have stamped or printed thereon conspicu
ously the words "high school construction &C
COUNT and such warrants in other respects shall
| conform to the warrants now required by law TO
| the drawing of moneys from the city treasury fo
the construction of other school buildings in sucl
| cities.
g. And be it enacted. That this act shall take eff
feet on May fifteenth, one thousand eight hundre'
and ninety. five.