Five Mile Beach weekly journal., 1920-09-10
WILDWOOD
Codtinued frome page One

orchestra, under the auspices OF the
music committee of the Board OF Trade;
and whereas, the city has not the funds
to meet these Increased COSTS and
whereas an emergency has thereby
been caused, as provided for under
Section 25, Chapter 1875, laws OF 1919,
of the State of New Jersey; and where
as such deficiency in the original APP
preparation amounts to 81 900; now,
therefore, be it resolved, That IN order
to raise the necessary funds, an emer-
gency note of the city of Wildwood
shall be issued for snch purpose in the
sum specified; and the said note shall
bear upon its face a statement that tis
issued in consequence Of the above
mentioned emergency"
The foregoing resolution was offered
by Mayor Hendee, seconded by Com
missioner Bright, and was adopted by
unanimous vote.
Another resolution was now intro
dueed and read by City Treasurer Kay
as follows:
"Be it resolved, by the board of COM
missioners of the city of Wildwood,
that
"Whereas, BY an ordinance duly
passed by the board of commissioners,
on December 4th, 1919, and also by an
ordinance duly passed as aforesaid on
July 9th, 1920, it was provided that
there should be issued certain bonds of
the said city, which said bonds under
the statutes Of New Jersey are to be
known as city improvement bonds in
the sum of $50, 900, as in said ordinance
provided"
The remainder of the resolution dealt
with form and terms Of the bonds-the
series to consist of fifty 81 900 dollar
bonds, numbered from l to 80, both in
cIusive-and all maturing in different
years up to 1885.
The last clause Of the resolution
authorized the director Of revenue and
finance to cause to be published, as
provided by law, a notice inviting
sealed proposals or offers for the pur-
chase of said bonds, to be received on
the 2Sth day of September, 1920; and
directing that such notice be published
in the Wildwood SUN-TRIBUNE, a
newspaper published in the city of
Wild wood, N. j., and in the Bond
Buyer, a financial newspaper published
in the city Of New York.
When the vote was taken on the
adoption of the bond resolution Com
missioners Smith and Bright voted
yea, and Mayor Hendee no. His reason
for SO voting is likely the same he adj
vanced when the amended ordinance
was passed on July 9th, to change the
rate Of interest on the bonds from 5 to
6 per cent, that this action would not
stand the test of the courts, inasmuch
as no effort had been previously made
to market the bonds at 5 per cent, as
called for by the original ordinance.
In other words, as was said at the time,
he considered the amended ordinance
illegal" In refusing to vote for the
bond issue, therefore, the mayor is at
least consistent. Interest on these pro-
posed bonds is to be paid semi-annually:
On January 18th and July 18th. Both
bonds and interest are made payable at
Marine National Bank.
AS soon as the heavy bond issue
resolution had been squeezed through
a minor resolution was introduced by
Commissioner Smith and seconded by
COMMISSIONS Bright. 1t read as fol-
lows:
"Be it resolved, by the commissioners
of Wildwood, hat the Marine National
Bank honor checks signed by Oliver
Bright, when the mayor fails to sign
them;
"And be 1t resolved, further, that
this resolution take effectimmediately."
This resolution also met with opposi-
ton. The mayor ruled it out OF order,
said it was an illegal procedure, and
voted no when the roll was called.
Commissioners Bright and Smith voted
for the resolution.
After it's passage City Treasurer Kay
told the majority commissioners that
he himself very much doubted the
legality of this act; and suggested to
them that their proper course would
have been to institute mandamus pro-
ceedings in their efforts to coerce the
mayor.
Walter Trout, a field employee Of
the water department., appeared before
the commissioners to ask that his wages
be raised from 800 to SI10 or $115 per
month. This request was refused. A
motion was made by Commissioner
Smith, seconded by Mayor Hendee, to
increase Mr.. Trout's wages from 800 to
500 per month, but Mr.Trout hurriedly
exclaimed that he would not accept so