The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1920-05-22
NOTICE OF SALE.
S1.129.5oo

ATLANTIC COUNTY, y. J., go BONDS.
Notice is hereby given that pursuant to
the direction of the Board of Chosen Free
holders OF the County of Atlantic, the finance
committee in conjunction with the county
solicitor and county collector will receive
sealed proposals or bids for three issues of
Atlantic County SO bonds in the aggregate
of SLIPS. 800, at the office of the County
Collector of Atlantic County, room 522 Guar
antee Trust Bldg, corner of North Carolina
and Atlantic Avenues, Atlantic City, n. j.,
the hour of 3 P. NJ, at which time all bids
must be submitted and Immediately opened
thereafter and bids publicly made known.
Said bonds are issued under and by virtue
of the laws of the State of New Jersey and
for the following amounts and purposes
One issue S454,G00 dated June l, 1920, pay
able June l, 1922. proceeds to be used in
paving a portion of the State Highway
known as White Horse Pike. One issue of
S650,000, proceeds to be used in paving a
portion Of the county road leading from
P~leasantville to Mays Landing. One issue
Of S25, 800, proceeds TO be used for the con-
s|truction of county building. The last two
mentioned issues will be dated June 1, 1920.
and payable June /. 1926. All of these
bonds will be in the denomination of 81. 600
each with the exception of one bond of the
S25, 300 issue which will be in the denomi-
nation of $500. They will be coupon bonds
bearing interest at the rate of GO per an
mum payable s~emi-annually. and the bonds
will be numbered cOnsecutiEely, each issue
beginning with No. i. The issue of $25, 500
ftAA ~ AEFA14AAIA MP Gi y bDIu "
Construction Of Building" and the other two
issues will be designated Temporary Road
Improvement Bond" They will all be pay
able both as to principal and interest at the
office of the County Collector. Atlantic City,
\. j. They may be registered as TO princi-
pal only or, upon surrender of all the cou-
Dons, may be fully registered as to both
principal and interest.
Bidders must enclose their bid in sealed
envelopes addressed to E. L. Johnson, Coun-
~ Collector, and the bid may be upon one or
more issues, but must be upon each issue
separately and state the amount which the
bidder will pay for each issue of bonds bid
upon. The envelope containing the bid
should be marked on the outside, stating
that it is a bid for the issue Of bonds, stat
ing the issue.
Each bidder must submit with his bid,
cash or certified check in two per cent. of the
face amount of the bonds bid for, check to be
drawn upon an incorporated bank or trust
company, to secure the county against any
loss resulting from failure of the bidder to
comply with the terms of his bid, certified
check to be made payable to E. L. Johnson,
County Collector. Each issue of bonds will
be awarded to the bidder who offers to pur-
chase the bonds and pay the largest sum
therefor, and complies with the condition of
the sale and with this notice.
Bonds will be approved as TO legality, by
George S. Clay, Counsellor-at-Law, 12O
Broadway, New York City. whose approving
opinion will be furnished to the successful
bidder in each case without charge. Bonds
will not be sold for less than par and accrued
interest.
For further information apply to E. A.
Higbee, County Solicitor, Atlantic City, y. J.
BY order Of the Board Of Chosen Freehold
ers Of the County Of Atlantic; r,
Chairman Of Finance Committee.
E.. A. HIGBEE,
County Solicitor.
E. L. JOHNSON,
County Collector.
Dated May 21. 1920.