Gloucester County Democrat., 1908-10-15
AN ORDINANCE.

AN ORDINANCE.
Authorizing the issuance OF twenty-six hundred
Edollars worth OF bonds for the purpose of obtain
fling money tor the sale thereof for the purchase
Eof lands bordering on Aberdeen Place and West
Eof widening and Strengthening portion of said
fstTeets,
Whereas, it is necessary for the Mayor and
FCouncil of the City Of Woodbury. to purchase
certain lands belonging to John L. Pearson
situate on Aberdeen Place and certain lands
belonging to Charles A. Krimm, situate Oh
West Street. in the City of Woodbury., for the
purpose OF widening and Strengthening por-
ton OF said Aberdeen Place and West Street in
accordance with the ordinances fixing the lines
| Of said streets; and whereas, the said John Z.
Pearson has agreed to sell the land necessary for
said purposes on berdeen Place for the sum of
six hundred dollars, and the said Charles A
| Krimm has agreed to sell the said land on West
Street necessary for said purposes for the sum of
two thousand dollars.
Now therefore be it enacted by The Mayor
and Council of the City of Woodbury.:
First; That for the purposes aforesaid, and
Act of the Legislature OF the State of New
Jersey, entitled, IAN Act to authorize cities OF
this State to issue bonds in certain cases APP
proved March y 1895. that bonds to the amount
OF twenty-six hundred dollars be issued by THE
Mayor and Council OF the City of Woodbury. z
with interest at the rate OF four and one-haIf per
centum per annum, payable seni-annually. both
principal and interest payable at the Office of
| the City Treasurer of the City OF Woodbury.; all
| OF said bonds shall be executed under the cor
porate seal OF the City of Wo0dbury and signed
| by the Mayor and City Clerk of the City of
Woodbury.. said bonds shah be registered with
| the Treasurer of the City OF Woodbury. in the
name of the owner on the books-of the City of
| Woodbury. and the principal and interest shall
| be payable to the registered holder. -Four of
| said bonds numbered consacutiVely from one to
four. inclusive, shall be OF the denomination of
| five hundred dollars each: and one of said bonds
shall be numbered five and of the denomination
| Of six hundred dollars, bond number one shall
be payable on October lst 1910; bond number
two shall be payable on October 1st, 1911 bond
mum ber three on October LIST. 1912; bond number
| four on October lst, 1913; and bond number five
on October lst 1914 The date OF issuing bonds
shall be the first day of October A. d. 1908.
second: Be it further enacted that the bonds
| so authorized shall be executed and issued in
substantially the following form:
form Of Bond)
United States of America.
State of New Jersey,
City of Woodbury..
Bond
| Know all men by these presents. that The
acknowledges itself indebted and promises to
| pay to legal representatives sue
cessors or assigns. the sum of dollars
at the Office of the City Treasurer in said City ON
| the first day of October, in the year nineteen
| hundred and with interest at the rate OF
| four and one-half per centum per annum. pay
October at the office aforesaid.
| This bond is one of series OF i've bonds four
of five hundred dollars each and one of six hum
| dred dollars amounting in the aggregate to
twenty-sx hundred dollars, all of like date, and
| numbered from one to five, both numbers in
elusive, and issued for the purpose of purchasing
lands for the purpose of widening and straight
| ening Aberdeen Place and West Street public
streets of the City of Woodbury., issued under
| and pursuant to the authority of An Act of the
Legislature of the State OF New jersey, entitled
IAN Act to authorize cities in this State to issue
bonds in certain cases. approved March 22d, |
1885, and by virtue and in pursuance OF an ordi-
nance of the said The Mayor and Council OF the
City of Woodbury.. entitled "An Ordinance |
authorizing the issuance of twenty-six hundred
dollars worth of bonds for the purpose of OBJ |
tanning money from the sale thereof for the |
purchase OF lands bordering on Aberdeen Place |
and West Street in the City of Woodbury., for the /
purpose of widening and Strengthening por- |
tion of said Streets duly passed at q regular I
meeting of the ity Council OF said City OF /
Woodbury. held September % 1908, and ap. /
proved by the Mayor of the. said City of Wood I
bury on 1908, and which said ordinance |
was duly published according to law
And it is hereby certified that no provision Of |
the Constitution or Laws OF the State OF New /
Jersey is i'll any way violated by the issue OF the
said bonds; and it is further certified that all |
acts requirements and conditions precedent or /
otherwise to the issue OF the said series OF bonds
have been duly and fully complied with. and |
that the total indebtedness OF the city OF Wood
bury including the series OF bonds OF which |
this is one. Is not IN excess o. any constltu5iona
this series of bonds is in all respects legal The
faith, credit and prosperity Of the City of Wood
bury are hereby pledged for the paynleenl5 q the
In witness whereof, The Mayor and /
Council Of the City of Woodbury.. has
caused these presents to be signed by /
fseal the Mayor and City Clerk, and its cor I
porate seal to be hereto affixed as of T
the First day OF October one thousand /
nine hundred and eight.