Five Mile Beach weekly journal., 1922-06-30
ORDINANCE No. 14e


An Ordinance appropriating the addi-
tlonal sum of Ten Thousand Dollars (S10.-
uOOOO) 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 THE City of Wildwood in
the County of Cape May and also to the
inhabitants of the City of North Wild
wood IN the County of Cape May, in the
9lale 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 ap-
purtenances thereto. The said mains and
pipes with the various plugs and necessary
accessories, connections and appurte-
nances thereto are to be installed as ad-
dluonal consumers may necessitate and
glVlng the power and authority and au-
thoflzlng the above named improvements
70 De made ana also authorizing the issu-
ance Of Ten Thousand Dollars ($10000.00)
BONDS of ''The City of Wildwood in the
county of Cape May" New Jersey, for the
pay the cost and expense of making the
SAID improvements above named and pro-
VldlSg for the payment of the principal of
SAID bonds and the interest thereon.
WHEREAS, the said Board of Commits
sloners of 1.-The City of Wildwood in the
County Of Cape May" New Jersey. do
hereby determine that in order to increase
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
of rtaa
the County of Cape May" in the State of
New Jersey, DO ORDAIN:
Section l. That 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. ap-
proved March 81 1917, and the supple
mehts 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,
ana such power and authority is hereby
given 10 It, to make. the above named inn
proVements, additions and extensions to
| the said Water Works at a cost not to
exceed the sum of Ten Thousand Dollars
(S1O,00O.00), which said sum of money the
sad 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 VI len Thousand Dollars (SlU,UUU,UU)
See q 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
| by an Improvement Commission" approved
March p, 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, 100000.
Sec. 3. And that for temporarily fnanc-
ing the carrying out of the making of the
| said improvements above named. there
| shall be issued by 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 expenses 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 sum not exceeding Ten Thou
| sand Dollars (S10,000.00) 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 it's final passage and publication
as provided by law.
W. COURTRIGHT SMITH,
| RALPH L. CARLL,
ALFRED TAYLOR,
! Commissioners.
Attest:
ATEPEED WINTER RTTPN