Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1908-09-03


! it is the legality Of them. You have
! a solicitor and in the face Of his tell
ing you that there is a doubt you go
on and spend money on prospects, al
| a high rate Of interest for 30 years.
| am a property holder and if /
should issue bond against my prop
erty and I would know it was legal
before | tried to sell it. Here you
are paying money for work on a plant
built on piece of ground you do not
even own. / do not believe it legal
Have you deed for this land, have
lyou a search made by the county and
the Supreme Court?
Stines: There is a search being
made in the County Clerks Office
Mr. Cox: Have yeu deed? AS a citi-
zen and taxpayer have a right to
know. Councilman Young answered:
No. We have not. the land has been
paid for by the Mayor out of his own
pocket and his money.
Mr.. Cox; | doubt his right to pur-
chase land out of his pocket for a gas
plant. Do you know who owned this
property; did J. O. Adams? and If so
who did he buy it from? No answer.
Do YOU know If he has a wife or ever
had one? No answer. I am satisfied
that you are doing business in a slip
shod manner This land, in my opin-
ion, belongs to Samuel Coles mother.
as she offered to sell it to me at one
time. Now, gentlemen, if / was buy
ing | would know who owned it and
| would not pay for tearing out stumps
on land that | did not know who
owned
Mr. Cox asked the Clerk if he would
read a resolution in regards to pay
ing off these bills. Mr.. Civilians
started to do so when the Mayor took
him by the arm and quietly says,
please, don't
At this Mr. Young became angry and
says. | want it read Mr.. Cox has
right to have it read. so the clerk was
allowed to read it. Jester: I move to
adjourn, but the Judge had not begun
yet
Mn. Cox: How about this five hum
dred dollars you are paying to the en-
gineer? Oh, / see he is going to take
a twenty year bond at per cent.
No, he does not want money: only a
bond. Jester: Has Mr.. Cox got the
floor?
Mayor: Unfortunately, yes.
JesteT: / move we adjourn.
M. Cox II sou can make a bond
with no question of its legality you
can sell them at par and all in Glou-
cester county. Do you mean to tell
me that those bonds would not go at
five per cent. if they were good, the
way the market is to-day?
Jester: Move We adjourn.
Brown comes to the rescue You
men certainly knew that you were
wrong when you issued these bonds,
gave out contract for gas plant,
held an election after being ordered
not to do so by Supreme Court
Judge, as you acknowledge your fault
by not going into court, but simply
paid the costs ard let it so by default
Jester: Move We adjourn. Oh, if
only Sam was home to second it,
Mayor Adamson: How unfortunate
that Mr.. Cox did not make his views
known before as we have not been
able to sell our bonds at five per
cent, let alone four.
MIR. CcX: No one will take them at
five, no, not even six, no one will take
L.
Mr.. Brown: Mayor, | told you Il
would take four thousand at 4 per
cent if you could get the word legal
attached to them. I guaranteed to-
sell them all for you within six miles
OF here, so the interest is not the
question. If YOU can get them legal
that's all
The Mayor: We have the opinion
of other lawyers and among them is
McNichols, lawyer, Of Philadelphia;
Owen Roberts, who thinks they are
o. K
Jester: Let's get out. move we ad-
journ.
Brown: Now, Mayor, as you knew l
had the money and went to D. o.
w and he advised me not to buy the
bonds, as you confessed that you were
wrong.
Jester. Let's adjourn.
Stines: Is it possible to get Mr.. Grey
to give US his opinion on the certiorari
proeeedings2
Someone back Of the stove says:
Yes, Frank, for $500.
Mr.. Brown: Get Judge Garrison. as
Grey has told you that you have erred
III oCNCld cases, Dut ut Is S0fTJ
Jester think the gentlemen have
given us some very good advice, now
can you show us some way out of it?
Mr.. Cox: Get your solicitor to tell
you how to start over again and then
go straight. AS Mr.. Grey has told,
YOU have erred, and gone contrary to-
law. Now, if these bonds you have
are good why not get some bank to-
take them?
Stiles: Mr.. Cox, do you mean to say
our bonds are no good?
Mr.. Cox: Yes. they are not legal
Mr.. Grey tells you that you have erred,
as you well know. although he says
he is very sorry Now / want to say
to you all. that if YOU do not quit
spending money on land that you do
not own. you Will be made to stop it..
Jester: | am agoing to adjourn
Brown: Sometime back was asked
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