Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-24
VILLAGE OF SOUTH ORANGE.
OFFICIAL NOTICES.
Ordinance on First Reading.

Notice is hereby given that at meeting
of the Board of Trustees of the Village of
South Orange. held on Monday, January 10.
1914. an ordinance was presented and read
| of which the following is a copy:
An ordinance to authorize the issue OF
bonds of the Village of South Orange for
the purpose of paying off the floating in
debtedness of said village.
Whereas, The Village OF South Orange
has heretofore issued its obligation in the
sum of $30,666.S6, for money honestly loaned
to 1t In good faith, for the following pur-
poses and in the following amounts, to witt
| /. For the purpose of paying the amounts
chargeabe against the village at large for
street improvements within said village, as
sessments for which were confirmed by the
Board Of Trustees of said village prior to
January l, 1919, the sum of $S,467.24.
g.. For. the purpose of paying for such
portion of said street improvements as were
assessed against property-owners benefited
| by said improvements in anticipation OF the
/ receipts of said assessments, said assessments
being payable in instruments, the sum of
| 8. For the purpose of paying the portion
of the cost properly ehargeable against said
ivillage at large for the construction of the
sewer in said village, known the Stone
house Brook Storm Sewer, the sum OF
And whereas, 1t ia deemed advisable that
said obligations be paid off by said village.
and that the said floating Indebtedness
thereby evidenced be funded, to extent
no. exceeding IS 2-3 per cent. thereof, under
by ne or the Ss state Oh Of an
Jersey, entitled IAN act authorizing the in
corporated cities, towns. townships. boroughs
and village of this State to fund their
floating indebtedness and their matured and
maturing bonds, approved March ~, 1899,
and the various acts supplemental thereto
| Be 1t ordained by the Board of Trustees of
the Village of South Orange, in the County
of Essex
/. That for the purpose of paying off the
temporary obligations of said village as here
inabove set FORTH there be issued under and
recited act bonds OF the said village aggre-
eating the, sum OF $4,000.
nations of $1,000, and shall be numbered
serially from / to 30, they shall have cou-
pons attached for the semi-annual pay
ment of interest (Which coupons shall be exc
cuted by the facsimile signatures Of the
Village President, Treasurer and ClerD, or
at the option Of the purchaser OF said bonds bonds
out coupons; said bonds shall bear interest
at the rate of per cent, per annum, pay
cital that they are Issued in pursuance of the
act of the Legislature hereinabove men
ftioned, and of this ordinance, together with
nance shall have been adopted.
g. That said bonds shall mature fol-
lows:
January, 1915.
Nos. to s, inclusive on the first day OF
January. 1916.
Nos to IL, inclusive, on the first day of
January. 1917.
Nos i3 to lis, inclusive on the first day of
January, 1918.
Nos. 16 to is, inclusive, on the first day OF
January, 1919.
Nos 10 to 81, inclusive, on the first day OF
January. 1920
Nos. 80 to "a inclusive, on the first day of
january, 1921.
Nos Is to 90, inclusive, on the first day of
January, 1922.
4. That there shall be paid to the COM
missioners of the sinking fund of the vii
Loo If South Orange. in each for the
purpose of creating a sinking fund for the
redemption of said bonds at maturity, all
moneys paid to the financial officers of said
village by property holders on account of
assessments in anticipation of the collec-
tion of which the bonds herein provided for
shall in part have been issued. and in adj
num- to be raised through the annual tax
levy of said village, provided that II in any
wear the aggregate of said assessments and
of said sum Of ss36.07 shall be less than
3 per cent. of the principal of said bonds.
then, and in that event there shall be raised
Of money as with said assessments and said
sum of sSS607 shall aggregate 8 per cent.
of the principal of said bonds.
g. That all ordinances or parts of ordi-
nances inconsistent with the provisions OF
this ordinance be and the same are hereby
6. That this ordinance shall take effect
Notice is hereby given that a meeting of
the Board of Trustees of the Village of
Council Rooms, in the Village Hall, at eight
a clock D. M. Monday. February 16, 1914, at
which time and place the said board will
proceed to consider said ordinance
NJ. A. FITZSIMMONS.
jans491 Village Clerk