Five Mile Beach weekly journal., 1910-06-17
Ordinance No. 40

An ordinance authorizing the issuing OF GER
t~ificates of Indebtedness for the purpose of
raising money for the purchase of an en-
CINE for the Fire Department of the Bor-
ough of Wildwood, and providing for the
payment and retirement OF said eertih-
Gates.
Whereas, IL has recently been brought to
the attention of the Council of the Borough of
Wildwood that the force of water provided
for fire purposes is Inadequate under the pres
ent system, and
Whereas, upon receiving said Information
Council, through It's special committee, made
Investigation and inspection ia reference to
the purchase of an engine capable of pump
ing water in sufficient volume to be effective
in case of fire in the larger buildings in the
Borough, and
Whereas, SAID IN reported the adj
visibility of purchasing ar engine known as
"A motor driven pumping engine for the price
or sum of Six Thousand dollars.
Be IT resolved and enacted by the Mayor
and Council of the Borough OF Wildwood,
New Jersey, that for the purpose of paying
for the said fire engine known as "A motor
driven pumping engine, that certificates,
sued, bearing the signatures of the Mayor and
Treasurer and attesIed by the Clerk in the
sum of Six Thousand dollars. That said GER
~tificates be paid at the ex piration of fl years
from their date by money to be raised by tax
alton for the purpose and that they bear in
terest at the rate of i've per centum, payable
"semi-annually, and bear date the first day of
July, nineteen hundred and ten.
Be IL further resolved and enacted, that said
certificates be issued in denominations of five
hundred dollars each, aggregating the said
sum of Six Thousand dollars.
Be il further resolved and enacted, that the
be paid and retired by the Borough at any
time after one year from the date of said GER
t~ificates, by the payment OF the face of the
certificate, together with interest to the date
of said payment.
BE 1t further resolved and enacted, that said
certificates shall be in the form following:
80.
Wildwood, in the County OF Cape May
and State OF New Jersey.
This is to certify that the Borough of Wild
wood In the County of Cape May and State OF
New Jersey, a body polite and corporate of
said Stale, is indebted to in the
sum of five hundred dollars, payable OF the
first day OF July. A. ID. nineteen hundred and
fifteen, or ut the option of said Borough, at
any time prior to said date but subsequent to
the first day of July, A. d.. nineteen hundred
and eleven, with interest thereon at the rate
of five per cent. per annum, payable on the
first day of July and January of each and
every year until said certificate is paid as
aforesaid.
This certificate is issued for the purpose OF
raising money for the purchase OF "A fire en-
CINE for the Borough and In pursuance of the
provisions of an Act of the Legislature of the
State of New Jersey, passed 1897, and entitled
"a general Act Relating to Boroughs" and
the acts amendatory thereof and supplement
tai thereto, and In pursuance of the terms OF
an ordinance of the Borough of Wildwood,
passed and approved the thirteenth day of
June, A. u. 1910, and known as ordinance
No. l26.
In witness whereof the Council of the Bor-
ough OF Wildwood, by virtue of its action
aforesaid, has caused these presents To be
signed by its Mayor, attested by its Clerk,
countersigned by its Treasurer and its cor
porate seal to be h%ereunto affixed this
day of A ID. nineteen hundred
and ten.
Borough OF Wildwood, by
Mayor.
Attest: Borough Clerk.
Countersigned, Treasurer.
Be. 1t further resolved and enacted that said
certificates may be registered with the Bor-
ough Treasurer In the name of the purchaser
or any subsequent holder upon presentation
of said certificate or certificates to the Treas
urer by the purchaser or owner with due
proof of ownership for that purpose.
This ordinance shall be known as Ordinance
Number 1876 and shall take effect immediately
when published as required by law.
Passed June ID, 1910.
Approved June Ii, 1910.
LATIMER r. BAKER,
Mayor.
Attest-W. c. Hendee, Clerk.