The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1915-03-06
ORDINANCE NO. 1853.

AN ORDINANCE authorizing the issuing of
bonds Of the city of Pleasantville in the
amount of Twenty-Five Thousand Dollars
for the purpose of providing funds where
with to pay the cost and expense of en-
larging and repairing the school building
situate ON West Park Avenue, East of
West Jersey & Seashore Railroad, by re-
moving the old frame structure therefrom
and erecting and furnishing an eight room
brick addition thereto.
Whereas, the Board of Education of Pleas
antville, New Jersey, has decided that II is
necessary to raise money to the amount of
twenty-five Thousand Dollars for the purpose
Of enlarging and repairing the school build
ing situate on West Park Avenue, East of
the West Jersey & Seashore Railroad. by re-
moving the old frame structure therefrom
and erecting and furnishing AN -eit
brick addition thereto, and have nrersn room :
delivered to each member Of the paaeu ana
School Estimate of said city and scbon1 OF
riot a statement of the amount os ulst-
INA to be necessary for such purnoaesy
Whereas, said Board of schoo, r..,
has fixed and estimated Twenty-6va Trn,mndte
and Dollars as the amount necessoruous nous
such Improvement, and have made taos LOT
~tifcates of such amount. one Of wb;%op ger-
been delivered by said Board OF schnoI mas
mate to the said Board of Education and T5 ~
other of such certificates to the rnn u ehe
Council of said city, nmoh
Be it Ordained by the Common Councfl
Pleasantville: "Ni OF
Section 1. That there shall be isspoa
the city of Pleasantville under its cornora y
seal, signed by the Mayor, attested Nv ' te
City Clerk and countersigned by the citv
Treasurer, bonds of said city in the aroIsy
of Twenty-Five Thousand Dollars, for tbo
purpose of providing a fund from which shall
be paid the cost and expense of enlaroina
and repairing the school building sitlates n ns
West Park Avenue, East of West Jersey q
Seashore Railroad, by removing the oSs
frame structure therefrom and erecting ana ma
furnishing an eight room brick addition
thereto.
Said Bonds shall be of the denominst,or
of One Thousand Dollars each, numbere5
from 81 to rs both inclusive said bonds 70
be called School Bonds" and bear date Ian
uary LIST, 1915, and be payable January Isl
1850 the same shall be coupon bonds and
shall bear interest at the rate of five per
centum per annum, said coupons shall have
thereon the signature in writing or litho-
graphed of the City Treasurer.
The principal and interest of said bonds
shall be made payable at $3.50.
and as a provision for the PAYMENT of the
interest as the same shall become due and
payable, the Common Council shall provide
by taxation in the annual tax levy bf said
city, such sum as may be necessary fbr that
purpose and in addition thereto an Annual
levy sufficient for the redemption OH said
bonds, the same to be placed in a sfAkine
fund created for that purpose and the Nredi
and faith of the city of Pleasantville ann r.
inhabitants thereof are hereby plede4
the faithful payment of said bonds az
interest thereon as the same shall bh
due and payable.
Sec. 2. The Mayor, City Clerk ANDY \
| Treasurer are hereby authorized and emN
cred to have such bonds executed in conf
nifty herewith said bonds shall be soldN
the City Treasurer to the highest bidGk
therefor at not less than their par value a
the Common Council.
Sec. g.. That the proceeds realized froI
the sale of such bonds shall be paid to thu
custodian of the school fund and shall be
paid out by him, and applied to the cost OF
making and e~ffecting the improvements afore-
said.
Sec. A. This ordinance shall take effect
Immediately.
Passed at a regular meeting of Common
| Council of P1easantville, held this first day
of March, A. D.. 1915.
ARCHIE WILLIS,
President of Common Council.
Attest;
NEHEMIAH ANDREWS,
City Clerk.
Approved this second day of March, A. D.
CHAs. j. ADAMS,
Mayor Of Pleasantville.