The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-05-25
soMERs POINT ORDINANCE.

soMERs POINT ORDINANCE.
AN ORDINANCE providing for the
purchase of certain lands in the
City of Somers Point, belonging to
the Estate of Henry D.. Justi, de-
ceased, and providing for the is
suance of bonds of the City of
Somers Point in the sum of $12, 600
to provide funds for the purchase
thereof.
Be it Ordained by the Common
Council of the City of Somers Point:
Section /. That there shall be
purchased by the City of Somers
J Point for future erection of munich
pal buildings OF other municipal uses
certain lands and premises situate
in the City of Somers Point describ-
ed as follows:
BEGINNING in the Northeast line
of the Shore Road" and at the
South I of lot No. IS and runs
(1st) Northwesterly in the line of
said lot No. IS M hundred and fifty
feet to a thirty-three feet wide
| street, then in the same line across
of said street one hundred twenty
eight and a half to the line of the
Pleasantville and Ocean City Rail-
road, thence End Southwesterly in
the line OF said Railroad one humid
red feet, thence go So~utheasterly
and parallel to the first line, two
hundred and ninety-three feet, ex-
street, to the Northwest line of.the
Shore Road, thence ca N~ortheasterly
in the line of the Shore Road one
hundred feet to the place of begin
ming, it being Lots Nos. 60, 20, II
and ", on a map of Jesse Somers
Land Section No. 1, the legal title to
which said land is presently vested
IN, IJnnlu Mt IItcfi Evnn1Jfnr r,ndnr,
the Will of Henry d. JUST, deceased,
Augusta E. JUST, Amelia r. JUST.
Henry NJ. JUST and Elizabeth M.
JUST, for the sum of Twelve Thous-
and Dollars ($12, 000).
Section 2. That it is necessary to
raise the said sun of Twelve Thous-
and Dollars ($12, 000) for the pur-
raise the said sum there shall be is
sued general improvement bonds of
the City of SomerS Point of the full
principal amount of Twelve Thous-
and Dollars ($12. 000) which shall ma
ture within the average period of
usefulness hereinafter determined.
Section g; That the proceeds Of
solely to the payment of the purch-
ase price of said land and premises.
Section 4. That there shall be
raised annually by tax upon the tax
able property of said City a sum
sufficient to pay the principal and
interest of said bonds as the same
become due.
Section 5. That it is hereby de-
termined and declared:
(a) That the probable period of
usefulness of the land aforesaid is
CD That the average assessed
valuation of the taxable real proper
ty (including improvements) of the
City of Somers Point computed upon
thereof in the manner provided in
Section - of an act entitled, An
Act to authorize and regulate the is
suance of bonds and other obliga-
lions, and the mourning of indebted
ness by county, city, borough, village,
town. township or other municipality
governed by an improvement Com
mission" III. L. 1915. page $3.50 as
amended is 1878, 754.
(c) That the net debt of said city
computed in the name provided in
Section ~ of said Act as amended
is $161, 406.S5.
(d) The supplemental debt state
ment required by Section II of said
Act as amended has been made and
Section G.. That the Mayor and
City Clerk be and they are hereby
authorized and directed to execute
and deliver with the said parties
in Section one hereof an
Agreement of Sale for the purchase
of said land and premises in form as
approved by the City Solicitors.
Section Z. That this ordinance
shall take effect ten days after the
publication thereof after final pass
age.
Notice is hereby given by the Com
mon Council of the City of Somers
Point that the foregoing ordinance
introduced and passed first read
ing at q regular meeting held on Fri
day evening, May IA, and that said
Council of the City of Som
ers Point will hold a hearing and
consider the final passage of the
above at it's regular meeting to be
held in Common Council Chambers,
City Hall, Friday evening. May %.
at s o'clock daylight saving time.
JAMES G. SCULL,
City Clerk.
Dated May Is, 1926.