The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1921-11-12

AN ORDINANCE for the construction of
a Graveled Surface on First Street be-
tween New Jersey Avenue and Con-
necticut Avenue and Eighth Street be-
tween New York Avenue and Connect
icut Avenue in the City of Somers
Point; and an Ordinance for the issti-
ance and sale of Temporary notes to
finance the construction thereof in the
amount OF thirty-two hundred ($3200)
Dollars.
of the City of Somers Point that First
Street between New Jersey Avenue and
Connecticut Avenue. and Eighth Street
between New York Avenue and Connect
lieut. Avenue be graded and constructed
of a gravel surface according to the
plans and specifications on file in the
office of E. d. Rightmire, CITY Engineer.
And Be it Further Ordained by the
Common Council of the City of Somers
Point that the cost of said Improvement
be paid by the issuance and sale OF tenn
porary notes in the sum of thirty-two
undred ($3200. 00) dollars, this being the
amount that the Common Council esti-
mates as the sum that will be necessary
to pay for the said Improvement in
GLIDING the Engineering and inspection
expenses. interest on the notes through
the construction period and the cost OF
the issuance and sale of the notes. Said
temporary notes shall be in the follow
and one for $500. Each note is to be
able at the office of the City Treasurer
of the City of Somers Point, New Jer-
sey, in the following order:
One thousand $4,000 dollars payable
One thousand $4,000 dollars payable
Twelve hundred (s12OW dollars payable
November l, 1924.
That they shall bear interest at the
rate of six per cent. per annum, payable
semi-annually at the office of the CITY
Treasurer. Somers Point, New Jersey, on
the first day of November and the first
day of May and until the principal sum
is paid. That they be denominated rem
porary Street Improvement Notes ana re-
cite the fact that they are issued under
and pursuant to an act of the Legisla,
ture of the State of New Jersey, entitled
ISSUANCE of Bonds, and other obligations
and mourning of indebtedness by county,
State, Borough, Village. Town, Town,
ship, or any other Municipality governed
by an Improvement Commission" APP,
proved March %, 1916. as amended and
supplemented; that they be signed by
officer, and by the City Clerk, counter
signed by the City Treasurer, and be IN,
der the corporate seal of said city. ina,
they be in form prepared and proVlded
by the City Solicitor. That they be SOLD
under the direction of the Finance Com
mittee of the Common Council IN con,
junction with the City Treasurer, ano
the City Solicitor either at public or pr,
waite sale and that they be ~authoriZed
to proceed as rapidly as possible VIII
the sale and delivery of said notes on
behalf of the Common Council after the
final passage and publication of this or,
%dinance; and that the proper officers o.
said City be and are hereby authorized &c
execute the said notes on the behaii OF
the said City, and the Common Council az
hereinbefore directed in accordance Wit
the Laws of this State; and the City
Treasurer is hereby given the authority
to award or reject any bid that may DC
received.
And be it Further Ordained that the
money received through the sale OF THESE
notes be applied to the m OF int
cost of the grading and construction %
a gravel surface of First Street between
New Jersey Avenue and Connecticut Az
enue; and Eighth Street between New
York Avenue and Connecticut Avenue as
above set forth. That both principal ane
interest be payable in lawful money, o.
the United States of America and ina
the notes shall be issued in form IN ac,
cordance with the Law and the approval
of the City Solicitor.
Notice is hereby given that the Com
mon Council of the City of Somers rom
will consider the final passage OF I'M
above Ordinance at a regular meeting e
be held in the City Hall. Somers Point
on Tuesday. November 18th, 1871. at
o'clock p. m. ccru
CITY Clerk.