Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1904-08-18
4 n ORDINANCE.

An ordinance appropriating the sum OF Eleven
Thousand Dollars for the purchase of lot of
land, situate in the Third Ward of the City of
Woodbury., known the sManley Lot, for
school purposes and providing for the Dor
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, statement of the amount
of money estimated to be necessary for said
purpose, and
WHEREAS, the Board of School Estimate Of
said City has heretofore delivered to Council of
said City of Woodbury., a 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-
and dollars was thought necessary to be appro-
priated for the purchase of the lot, known
the sManley Lott for the purpose of erecting
new school building"
Y Therefore, be it enacted by the Mayor and
Council of the City of Woodbury.:
Ga 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
the Third Ward OF the City of Woodbury., and
known as the sManley Lott for school pur-
poses. Said lot Of land is bounded as follows,to-
|wit-Traet No l. Beginning at stone corner of
land of Robert K. Neff and running South about
five chains and seyenty-four links, thence
ming Southeast course about eight chains to
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
Iof Woodbury., runs along the middle OF Jackson
Street about four chains to Jesse Watson's land
thence running about Southeast live chains to
another corner of Watson's land, from thence
Northeast course about four chains more or less
ito 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.
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, eountersigned by the City Treasurer, and
sealed with the corporate seal of said City.
That sad bonds shall be issued h IN a de
be dated the First day OF September A. ID.
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,
payable selni-annually at the office OF the City
Treasurer, Woodbury.. n. j.; said bonds shall
be designated as school Bonds, and shall be
coupon bonds.
al Bond numbered zone" shall be payable
IN ten years from the date thereof; bond num-
from fro, M the date thereof; Bond numbered sThree''
shall be payable in Twelve years from the date
thereof Bond numbered Four shall be pay
Bond numbered Give shall be payable in
Fourteen years from the date thereof; Bond
numbered six shall be payable in Fifteen
wears from the date thereof; Bond numbered
ssSeven' 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 amount less
| than its par value.
Passed at meeting OF Council, Eeld July 20,
| 1904. GEORGE EVANS READING,
Attest; President of Council.
JOHN e. EsTELL City Clerk.
Vetoed by the Mayor August 2, 1904.
/, Passed over the Mayors veto at regular
| meeting OF Council held August 8 1904
JOHN E. ESTELL
S-Il-o4 Adyr, $500. City Clerk.