Gloucester County Democrat., 1912-04-11
AN ORDIN LANCE.

AN ORDINANCE appropriating the sum of
Twelve Thousand Dollars for the purpose
of completing the Reconstruction, re-
building and erection of school house,
and the purchase of the remainder of the
school furniture and other necessary
equipment therefor, and providing for the
borrowing Of said sum Of Twelve Thous-
and Dollars for the purposes aforesaid,
and securing the repayment thereof by
the issue of bonds in the corporate name
of the City of Woodbury..
WHEREAS, The Mayor and Council of the
City of Woodbury., by an ordinance pass.
ed December 1Tth, 1907, and approved
December 23rd, 1907, appropriating the
sum of Sixty Thousand Dollars for the
purposes of the purchase Of a lot or tract
of land and erection of a school house
thereon, and the purchase Of the school
furniture and other necessary equipment
therefor;
appropriated as aforesaid having been
found insufficient for said purposes, The
Mayor and Council of the City of Wood
bury, by an ordinance passed July 2Sth
1905, and approved July soth, 1905, appro'
priated the further sum of $4,000 for
said purposes;
AND WHEREAS, The said sums of money
appropriated as aforesaid were found to
be Insufficient owing to necessary chang
es in the plans for ventilating system in
stalled in said school house. the pur
chase of school furniture and the other
necessary equipment, the grading and
construction of sidewalks and other ne
cessary expenses incident to the erection
and completion of said school house, The
Mayor and Council of the City of Wood
bury, by an ordinance passed February
s, 1910, and approved February 9, 1910,
appropriated the sum of $1,000 for the
said purposes.
AND WHEREAS The said school house
erected as aforesaid, and the school fur
nlture and necessary equipment contained
in said school house, were partially de-
stroyed by fire, and the moneys received
{rrn Mo nfT II y, <1<,. 50 41,<x
of Woodbury., in the County of Glouees-
ter, for insurance on said school house,
furniture and contents thereof were
found to be insufficient for the purposes
pairing of said school house, and the
purchase of school furniture and other
necessary equipment; < and The Mayor
by an ordinance passed July IL, 1911, and
approved July H. 1911, appropriated the
sum of $4,000 for the purposes of re-
pleting a school house and the purchase
of part of the school furniture and
other necessary equipment;
AND WHEREAS, The said Board of Edu-
cation has decided to complete the re-
construction, rel building and erection of
said school house, and to purchase the
remainder of the school furniture and
other necessary equipment therefor, and
at a meeting of the said Board of Edu-
cation held March 21, 1912, resolved that
the amount of money estimated to be ne
cessary for said purposes to be the sum
of $4,000;
AND WHEREAS. The Board of School Es-
innate of the City of Woodbury., having
fixed and determined that the aforesaid
sum of $4,000 is the amount of money
necessary for such purposes and having
delivered to the Council a certificate of
such amount and having delivered a
similar certificate to said Board of Edu-
cation:
NOW THEREFORE,, BE IT ENACTED.
by The Mayor and Council of the City of
Woodbury., as follows:
FIRST: That the sum Of Twelve Thous-
and Dollars be and the same is hereby ap-
propriated for the purposes of completing
the reconstruction, rebuilding and erec-
ton of said school house, and the purchase
of the remainder of the school furniture
and other necessary equipment therefor.
SECOND: That the aforesaid sum of
Twelve Thousand Dollars be appropriated
and borrowed for the purposes aforesaid.
and for the purpose of securing the re-
payment of the aforesaid sum of money
that bonds be issued by The Mayor and
Council of the City of Woodbury., with
per centum per annum, payable semi-an-
nually; all of such bonds shall be signed
by the Mayor and the City Clerk and seal
ed with the corporate of the City of
Woodbury.; and shall be registered with
the Treasurer of the City of Woodbury.;
all of said bonds shall be numbered and
a register of such number, the date of
issuing and the time of payment Of the
same shall be made by the Treasurer of
the City Of Woodbury. in a book to be
provided for that purpose: the said bonds
shall be sold at public or private sale and
not for less than par and accrued interest:
the bonds so issued shall be designated
school Bonds of the denomination of
Five Hundred Dollars each and shall be
numbered, consecutively, from one hum
dred and two to one hundred and twenty
five, both numbers inclusive. and the said
bonds shall become payable in the fol-
lowing manner: One Of said bonds on the
First day of January, nineteen hundred
and nineteen, and in each succeeding year
until the whole of the bonds issued are
paid. one of said bonds shall be paid on
the First day of January in said year. and
the order in which said bonds shall be-
come due and payable shall be determined
by the numbers thereof commencing with
the bond number one hundred and two
and continuing in order until number one
hundred and twenty five. inclusive, is
reached. The date of the issuing of said
bonds shall be the first day of July, nine
teen hundred and twelve.
THIRD: That there shall be raised by
tax in each year such sum of money as
may be necessary to pay the interest on
all outstanding bonds and the principal
the proceeds Of the sale of such bonds
shall be deposited with the custodian of
school moneys of such school districts and
shall be paid out only on the warrants or
FOURTH: That all ordinances and
parts Of ordinances inconsistent herewith
be and the same are hereby repealed.
FIFTH: That this ordinance shall take
effect Immediately.
Passed at regular meeting Of Council
held on the Second day of April, nine
teen hundred and twelve.
Jos. N. cooMBs,
Attest: President Of Council
ARTHUR STARR, city Clerk
Approved. April 4, 1872
SAMUEL Fl. LADD, Mayor