The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1924-07-12

AN ORDINANCE appropriatlng money
for the purpose of purchasing land ana
building a new school-house thereon
and properly e%quipping and furnishing
same in the City of Mortified, County
of Atlantic and State of New Jersey.
and providing for the raising OF money
necessary therefor by the issuing OF
bonds.
WHEREAS the Board of Education OF
the City of Northfeld has decided that II
is necessary to raise money to the am
cunt of SAG, 500 for the purpose OF proVld-
ing funds wherewith to pay the cost and
expense of purchasing land and building
a new school-house thereon, and properly
e~quipping and furnishing the same. and
have prepared and delivered to the Board
of School m of the City of North
field, a statement of the amount of money
estimated for such purposes.
AND WHEREAS the Board of School
has fixed and determined that
the sum of SAG. 500 is necessary to be
raised for said purpose as set torth IN
the certificate of said Board of School
Estimates of said City, and has made
two certificates of such estimate, one OF
which certificates has been delivered by
the Board of School Estimates to the
| Board of Education, and the other TO the
Common Council of said City.
NOW THEREFORE, Be it Ordained by
the Common Council of the City of
| Mortified:
Section l.. We do hereby declare that
the average period for which the bonds
hereinafter provided for may be issued
| under the PROVISIONS OF CndpteF Gof VI
the Laws of 1921 is thirty 800 years.
Section 2. That there be and there is
hereby appropriated the sum OF SAC ,5o9
for the purpose Of p~urchaslng land ana
properly %equipping and furnishing the
same.
Section 3. To provide the necessary
funds for the purposes mentioned in Sec
ton 2 and for which the said appropria-
ton therein mentioned is made, there
shall be issued by the City of Mortified
eanI oionn6 h n tho
Mayor, attested by it's City Clerk and
countersigned by the City Treasurer,
bonds of the City in an amount not ex-
ceeding SAG, 500 for the purpose of provid-
ing funds for the payment of the cost
and expense of purchasing land and bull
ding a new school-house thereon and
same; such bonds Shall be in the denomi-
nation of $500, numbered from l to SO,
both inclusive. designated 'SchooI
Bonds, bear date the LIST day OF July
the order of their serial number at the
rate of three bonds per annum beginning
with the year 1926, to and including thu
year 194S, and at the rate of four bond:
per annum beginning with the year 1874!
to and including the year 1854. They
shall be coupon bonds bearing interest a.
the rate of five per cent. per annum
payable ~semi-annually, coupons to beal
the facsimile signature of the City Treas
urer. They may be registered as to prin'
cipal only, or upon surrender OF all tn
coupons, may be fully registered as t.
payable at the First National Bank o
Pleasantville, in City of Pleasantville
State of New Jersey, and the Common
Council of the City of Northfield shall
appropriate and provide by taxation il
the annual tax levy of said City sucl
sum as may be necessary to pay the in
terest on said bonds and to redeem Their
as they shall severally become due an
payable, and the credit and faith of tn
City of Mortified and the inhabitant
thereof shall be pledged for the faithful
payment of said bonds and he interes