, 1904-05-04

| Vi bIO SUI VI Ollt vi llt DOIOuBH Vi w HUI
wood provided for by a certain resolution of
the Council of said Borough passed and APP
proved March 3lst, 1901, of which the follow
Ing Is a true copy:
RESOLUTION.
A resolution providing for the issuing of
bonds of the Borough of ildwoo for the
purchase of land, for the widening of Atlantic
Avenue in the Borough of Wildwood, as per
price and terms agreed upon between Borough
Council and the owners of said land,
WHEREAS, 1t is desirable and necessary to
widen Atlantic Avenue in the Borough of
Wildwood from its present width of Fifty feet,
by adding thereto a strip of ground Twenty
feet in width on the Southeasterly side thereof
between Cedar Avenue and Twenty-sixth
Avenue in said Borough, and
WHEREAS, An agreement is about to be
entered into between the Borough and the
owners of said land for the purchase thereof
for the purpose aforesaid, now therefore,,
BE IT RESOLVED by the Council of the Bor-
ough of Wildwood,
SECTION l. That in the judgment of Council
1t is necessary and desirable that bonds of the
said Borough of Wildwood be issued to the
amount of Twelve Thousand Dollars for the
general purpose and to the end that this Bor-
ough may acquire all that certain strip of
ground Twenty feet in width, situate, lying
and being on the southeasterly side of Atlantic
Avenue in said Borough of Wildwood in the
County of Cape May and State of New Jersey,
BEGINNING on the Northeasterly side of
Cedar Avenue and extending thence North
eastwardly along the Southeasterly side of
said Atlantic Avenue, with "A width Of Twenty
+, feet, to the Southwesterly side of Twenty-sixth
Avenue, under and by virtue of the terms and
conditions agreed upon between Borough
| Council and owners of said land, which are
| hereby made "A part of these proceedings.
SECTION 2. That such bonds shall bear date
May First, A. d., 1901, shall be payable in not
less than five nor more than twenty years
after the date thereof, at the option of said
Borough, shall bear interest at the rate of not
more than nye per ce hd ! n per e a am I'M pay pay,
one hundred nor more than one thousand
dollars each; shall be signed by the Mayor,
Clerk and Collector, shall have coupons
attached for every half years interest until
due, or may be registered, at the option OF the
holders, which coupons if attached shall bear
the name of the Borough Collector, and shall
be numbered to correspond to the bond to
which they are respectively attached; all such
bonds shall be numbered and a register of
such numbers and date of said bonds and date
of issuing and time of payment shall be made
on the records of the Borough Clerk ana OF
the Borough Collector. All such bonds shall
recite that they are issued in pursuance of
this resolution and pursuant to the provisions
of an act of the Legislature of the State Of
New Jersey entitled "a General Act Relating
to Boroughs" (Revision of 1897, and the sew
eral supplements thereto and acts amendatory
thereof, and shall recite that this resolution
has been duly assented to by a majority of the
legal vO eS cast in said election district at a
special election called for that purpose.
SECTION 3. That said bonds shall be disposed
of at public sale or private sale but at not less
than par, provided that no such sale snail be
made by the Finance without the
consent of Council.
SECTION 4. That the proceeds OF the sale OF
said bonds shall be appropriated only Tor the
purposes and objects set forth in this resolu-
ton.
SECTION 5. That in order to pay said bonds
when due, the sum of at least five hundred
dollars shall be raised each year by general
taxation and shall be paid into the Sinking
Fund of said Borough toward the liquidation
and m of the same.
SECTION g.. That this resolution shall take
effect Immediately.
Passed March 3lst, 1904.
Approved March 3lst, 1904.
LAT1MER R. BAKER,
Attest: Mayor.
JED DUBOIS,
Borough Clerk.
And notice is further given that at such
mitted to the voters of said Borough will be,
"In favor of the issue of bonds according TO
the resolution of Council dated March 3lst,
1901" or
"Against the issue of bonds according to the
resolution of Council dated March 3lst, l9O4.
And notice is further given that said election
will be by ballot, will be held by the election
officers of said Borough on the day appointed
by Council aforesaid, to wit, Tuesday,, May 10,
1904, at the Borough Hall in said Borough OF
the polls will be kept open for the
time provided by law for general election In
said Borough, and such elections will be In all
respects conducted and the vote canvassed In
the manner provided by law for such general
elections; there Will be no registration Tor
| such election, but the Boardof Elections Will
! procure and and use at such special election
a certified copy of the register OF votes USED
at the last preceding general election neld ID
said Borough, and no person Will be entltled
to vote whose name does not appear on said
register.
Dated April 9th, 1904.
BY order of Council.
JED DUBOIS,
Borough Clerk.