Gloucester County Democrat., 1904-08-11
a n ORDINANCE.

An ordinance appropriating the sum of Elever
Thousand Dollars for the purchase of a lot of
land, situate in the Third Ward OF the City OF
Woodbury., known as the "NIanley Lot fol
school purposes and providing for the bor-
rowing of said Eleven Thousand Dollars and
the issuing OF bonds TO secure the repayment
of said sum-
WHEREAS the Board of Education of the City
of Woodbury. has heretofore decided that it is
necessary to raise money for the purchase OF
lands for school purposes. and has prepared and
delivered to each member OF the Board of School
Estimate OF said City, a statement of the amount
of money estimated to be necessary for said
WHEREAS the Board OF School Estimate of
said City has heretofore delivered to Council OF
said City of Woodbury., certificate in the fol-
lowing words, to-wit:
"This is to certify that at a meeting OF the
Board of School Estimate held on Monday
evening, May %. 1904, the sum Of eleven thous-
priated for the purchase OF the lot, known as
the s'AIanley Lot for the purpose of erecting d
new school building
Therefore be it enacted by the Mayor and
Council of the City OF Woodbury.;
az That the sum of Eleven thousand dollars
be AID the same is hereby appropriated for the
purpose Of purchasing the lot OF land situate IN
known as the "Msnley Lot for school pur-
poses. Said lot of land is bounded follows, to-
wit-Tract No. I, Beginning at a stone corner OF
land OF Robert K. NeH and running South about
five chains and seventy-four links thence rum
ming Southeast course, about eight chains to a
stone corner of A. S. SimmeTman's land, thence
Northeast about five chains and forty-eight
links, and thence Northwest about eight chains
to the place of beginning. Containing about
four acres Tract No 2, Adjoins No. /, and be-
gins at corner of Martha Mickle's land stand
ing in the middle of Jackson Street, in the City
of Woodbury., runs along the middle of Jackson
Street about four chains to Jesse Watson's land,
thence running about Southeast five chains to
another corner of Watsons land from thence q
Northeast course about four chains more less
to the corner of said Mickle's land, thence along
the same about Southwest course five chains
to the place of beginning. Containing two and
one-third acres.
(2} That the City Treasurer is hereby author
lied to borrow the said sum OF eleven thousand
dollars, and to secure repayment thereof bonds
shall be issued and duly executed. signed by the
Mayor OF said City, and attested by the City
Clerk, countersgned by the City Treasurer, and
sealed with the corporate seal of said City.
(3) That said bonds shall be issued in de-
nominations of One thousand dollars each; shall
be dated the First day OF September A. d.
Nineteen hundred and four; shall be numbered
from one to eleven inclusive, and shall bear
interest at the rate Of four per cent per annum,
Treasurer Woodbury., n. j.; said bonds shall
be designated as school Bonds and shall be
coupon bonds.
(41 Bond numbered .Onen shal, be payable
in ten years from the date thereof; bond num-
bered Two shall be payable in Eleven years
from the date thereof; Bond numbered Three
shall be payable In Twelve years from the date
thereof Bond numbered Four shall be pay
able in Thirteen years from the date thereof
Bond numbered Five shall be payable in
Fourteen years from the date thereof Bond
numbered six shall be payable in Fifteen
years from the date thereof; Bond numbered
Seven shall be payable in Sixteen years from
the date thereof Bond numbered Eight shall
be payable in Seventeen years from the date
thereof; Bond numbered Nine shall be pay
able in Eighteen years from the date thereof;
Bond numbered Ten shall be payable in Nine
teen years from the date thereof, and Bond
numbered Eleven shall be payable in Twenty
years from the date thereof.
(5@ All OF said bonds shall be numbered as
aforesaid, and register Of such numbers, the
date Of issuing, and the time OF payment of the
same shall be made by the City Treasurer, in a
book TO be provided for that purpose, and none
OF said bonds shall be sold for an amount less
than its par value.
Passed at meeting Of Council. held July 20,
1904. GEORGE EVANS READING,
/ Attest; President Of Council.
JoHH E. EsTELL, City Clerk.
Vetoed by the Mayor August ?, 1904.
/ Passed over the Mayors veto at regular
meeting OF Council held August o. 1904
( JOHN E ESTELI1
s-il-04 Advr. $3.50. City Clerk.