Five Mile Beach weekly journal., 1922-06-23
ORDINANCE No. 146

OAADA-N-AANL -NUs AtU
An Ordinance appropriating the addi-
tional sum of Ten Thousand Dollars (S1O,-
O00.00) in order to increase the capacity
of the present Water Works and also in
order to meet the anticipated requirements
OF an additional water supply to the in
habitants Of 9TH City of Wildwood. in
the County of Cane May and also to the
inhabitants of the City Of North Wild
wood, in the County of Cape May, in the
State of New Jersey, and to the inhabi-
tants of the Borough of Wildwood Crest,
IN the county and state aforesaid, by the
installation of additional water mains and
pipes with the various plugs, valves and
necessary accessories. connections and APP
p~urtenances thereto. The said mains and
pipes with the various plugs and necessary
accessories, connections and appurte-
nances thereto are to be installed as ad-
ditional consumers may necessitate and
giving the power and authority and au-
thorizing the above named improvements
to be made and also authorizing the issu-
ance of Ten Thousand Dollars $50. 5000 0)
BONDS OF Tn City of Wildwood in the
county of Cape May" New Jersey. for the
purpose of providing funds wherewith to
pay the cost and expense of making the
said improvements above named, and pro-
viding for the payment of the principal of
said bonds and the interest thereon.
WHEREAS. the said Board of Commits
sioners of The City of Wildwood, in the
County of Cape May" New Jersey. do
hereby determine that in order to increase
the capacity of the present Water Works
and also in order to meet the anticipated
requirements of an additional water sup
ply to the inhabitants of the said City of
wildwood, and also to the inhabitants of
the said City of North Wildwood, and also
to the Inhabitants of said Borough of
Wildwood Crest, that said improvements
above named be made and that such an
appropriation as above named at this time
be also made to pay the costs and ex-
penses incident thereto.
NOW. THEREFORE,, the Board of Com
missioners of The City of Wildwood. in
the County of Cape May" in the State of
New Jersey, DO ORDAIN:
Section /. a in pursuance of the au-
thority conferred by an Act Of the Legis-
lature of the State of New Jersey, entitled
An Act concerning Municipalities APP
proved March 81, 1917, and the supple
ments thereto and amendments thereof.
the said 'The City of Wildwood. in the
County of Cape May" in the State of New
Jersey, shall have power and authority,
and such power and authority is hereby
given to it, to make the above named i'm
provements, additions and extensions to
the said Water Works at a cost not to
exceed the sum of Ten Thousand Dollars
CS1O,OOO.0O, which said sum of money the
said Board of Commissioners of said City
of Wildwood hereby fix and determine as
the proper amount of money necessary to
be expended at this time for such improve
ments, additions and extensions to said
Water Works and that there shall be
appropriated and there is hereby appro-
priated for said purposes above named the
sum of Ten Thousand Dollars ($10.000,00).
Sec. 2. That in pursuance of the au-
thority conferred by an Act of the Legis-
lature of the State of New Jersey, entitled
An Act to authorize and regulate the
issuance of Bonds and other obligations
and the mourning of Indebtedness by
County, City, Borough, Village, Town,
township or any municipality governed
March %, 1916, and the supplements
thereto and amendments thereof, said
AMOUNT of Ten Thousand Dollars (S10,-
100000, as determined to be necessary as
aforesaid, be raised by the issuance of
BONDS in the corporate name of The
City of Wildwood. in the County of Cape
May" New Jersey, in not exceeding the
aggregate principal sum of Ten Thousand
Dollars $50. 000. COZ.
Sec. 8. And that for temporarily fnanc-
ing the carrying out of the making of the
said improvements above named. there
shall be issued bv The CITY of Wildwood,
in the County of Cape May" New Jersey,
under Chapter 252 of the Laws of 1916 of
New Jersey and the acts supplementary
thereto and amendatory thereof, TEN
PORARY IMPROVEMENT NOTES, the
proceeds from the sale whereof shall be
used to pay the costs and expense of the
above named improvements for the pur-
poses above set forth and that the said
Temporary Improvement Notes so author
lied to be issued as aforesaid, shall be is
sued in a sum not exceeding Ten Thou
sand Dollars $50, 600. 00) and that the
said Notes shall mature in not exceeding
one year from the date thereof, and may
be subject to earlier call for payment at
the option of the said City, and shall bear
interest at the rate of not exceeding six
per cent per annum said Temporary I'M
provement Notes shall be executed by the
Mayor. countersigned by the Director of
Revenue and Finance and attested by the
City Clerk of the said city and under the
seal of said city.
Sec. 4. That there shall be levied in
each year when any of the said bonds
shall be outstanding. in the manner and at
the same time as other taxes. a tax upon
all property of said city sufficient to pro-
duce the principal and interest to mature
in the succeeding year.
Sec. 5. That this Ordinance shall take
effect on its final passage and publication
as provided by law.
W. COURTRIGHT SMITH,
RALPH L. CARLL,
ALFRED TAYLOR,
Commissioners.
Attest: