, 1899-03-03
PRICE 3 CENTS
Wildwood.

Mr.. and Mrs. Wilbraham spent this
week in their cottage at Wildwood.
Wilson Banks was here this week
and bought a car load of cedar poles Of
Mayor Baker. They were shipped to
Ocean City to be used for the founda-
ton of the new life saving station.
Work was resumed on the sewers on
Wednesday after an idleness of a month
caused by the cold and stormy weather.
A regular adjourned meeting of the
Wild wood Borough Council was held
Thursday evening, Feb. 23d, Mayor
Baker, Councilmen r. n. Adams, ellis
and Ryan present. The report of Mr..
MacgeOrge upon the audit of the books
of Clerk n Collector was read, aeeep-
ted and ordered printed in full. John
n. Reeve was present and addressed
Council in reference to the booklet he
intends to issue; it was voted to accept
his proposition, provided the money for
the cost of which is voted in the appro-
priations. Councilman r. n. Adams
was appointed by the Mayor as a MEM
Der of the Law and Ordinance commit
tee. An ordinance was introduced by
Mr.. Ryan granting a franchise to Cv-
rus Hofia, j. Thompson Baker, Philip
2. Baker and John n. Reeve to con-
0dCb II VBOlaNO al 0iO1tIIS idi1lOdd III
Wildwood. The Sinking Fund Com
missioners made this report:
1--WE, James NJ. Craner, Thomas B.
Connolly and John n. Reeve, Commits
sioners of the Sinking Fund of the Bor-
ough of Wildwood, do hereby submit
the following as our first annual report
as required by law. We were appoin-
ted September 24th, and our bonds were
approved November 29th, 1898, and we
held our first meeting January 9th,
1899, and organized by electjng JAMES
NJ. Craner chairman, and John N.
Reeve secretary, and unanimously de-
cided to place the money of the Sink
ing Fund in the Tradesmens Bank OF
Vineland at 3 per cent sst Ler an
drawn out 6Aai6a Xix except to pay
of bonds of the Borough of Wildwood,
d then only on an order drawn by
the secretary and countersigned by both
of the other two Commissioners. The
secretary was authorized to notify the
Borough Collector, MI. b, V, Vanhorn,
that the Commission had met aud ur-
ganlzed and request him to turn over
all the Sinking funds to the secretary,
together with an itemized statement of
said receipts and a list of bond holders.
- HNNAStoAS ANNC1NCo 1lOA Iuls v du~
Horn Sl,S56.o7, being a little over one
third of the total amount expended in
theimprovement of graveling the streets
and was placed in bank subject to call
to pay off bonds. We were in hopes
that the bond holders, especially those
owning property in Wildwood, would
allow their bonds TO be paid off as fast
as possible to do SO with the funds re-
celved, for now our funds in bank are
only drawing 3 per cent. interest, and
we are paying 6 per cent. interest oil
the bonds, thereby making a loss to the
taxpayers offs per cent. annually, which
increases the general taxes to be collec-
ted each year that much more. The
expenses of the Commission has been
as follows:
Book for minutes, 5 | 90
Making annual report, ) 90
Carfare and exp. Connolly, ? so
Carfare, Reeve, 2 90
Total, $40 500
By motion of II. n. Adams and ellis
the above report was accepted and the
Commission authorized to draw from
the Sinking Fund the moun for ex-
penses as itemized. The next regular
meeting of Council was fixed for Satur-
day evening, March Is.