, 1904-04-27

NM 10 the voters OF SAID Borough the question
OF the issue of Bonds of the Borough of Wild
wood provided for by a certain resolution of
the Council of said Borough passed and an
proved March 3lst, 1901, of which the follow
Ing Is a true copy:
RESOLUTION.
\ resolution providing for the issuing of
bonds of the Borough of Wildwood 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
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
it 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
Sa1u AblAnulc avenue, WIFI n W1uIn 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 five per centum per annum pay
able semi annually, shall be for not less than
m hI1plra1 NOR Fanra than n fhnnEnnA
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 and 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 1880, 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 shall be
made by the Finance Committee without the
consent of Council.
SECTION 4. That the proceeds of the sale of
said bonds shall be appropriated only for the
purposes and objects set forth in this resoll-
ton.
SECTION 8. 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 paymen of the same.
SECTION q. That this resolution shall take
effect Immediately.
Passed March 3lst, 1904.
Approved March 3lst, 1904,
LATIMER r. BAKER,
Attest: Mayor.
JED DUBOIS,
Borough Clerk.
And notice is further given that at such
special election the only question to be sub
mitted to the voters of said Borough Will be,
ain 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, 1901.
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 Counc aforesaid, to wit, Tuesday,, May III,
1904, at the Borough Hall in said Borough OF
Wildwood; 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 canyassed in
the manner provided by law for such general
elections; there Will be no registration for
such election, but the Board of Elections Will
procure and and use at such special election
a certified cop of the register OF votes USED
at the last preceding general election held IN
said Borough, and no person will be entitled
to vote whose name does not appear on SAID
register.
Dated April 9Th, 1904.
By order of Council.
JED DUBOIS,
RorOnph Clerk,