The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-04-27

WHEREAS, the BOARD OF CHOSEN
Freeholders of the County of At
lantic have heretofore passed reso-
luton authorizing the building of an
addition to the Surrogate's Office at
Mays Landing, N. j., for the purpose
of furnishing additional Offices for
certain employees and officers OF the
County, and
Whereas, pursuant to resolution
bids have been asked for and opened
at this meeting, after due advertise
ment according to law.
And the lowest bid for doing
the construction work is oooo
the sum of. $4l ,oo2.0o
And the lowest bid for doing
the heating work is the o,oo
sum OF -. S'o'f'oo
And the lowest bid for doing
the plumbing work is the
And the lowest bid for doing
the electrical work is the
sum of ................ l'al'.oo
And the Board does hereby
estimate that the cost OF
Architects fees and inspec-
ton will be the sum Of. =. 2,3OO.O0
And the Board does hereby
estimate that the interest
on the sum of money nee
essary to make said inn
provement during the peri
cd of construction and for
six months thereafter will
be the sum of. l,1oo.oo
And does also estimate that
the cost of issuing the
bonds to raise the funds
necessary for making said
Improvement will be the o- M
sum OF ..,....,.. i'ioo'00
And the Board does hereby
estimate that there will be
changes and extras which
cannot now be estimated,
that will cost approximate oo 40
ly ................. d'OoU'o ~
Making a total of ......... .$53, 100
And whereas, no appropriation mas
heretofore been made for SAID I'M
provement.
Now therefore be it Resolved by
the Board of Chosen Freeholders or
the County of Atlantic that we do
hereby appropriate the sum OF Flfdy-
Three Thousand Dollars $53,ooO.oo)
being the amount considered neces-
sary to finance said Improvement,
Including the interest which will &C
crue on the sum necessary to flnance
fhe same during the period of con-
struction and for six months there-
after, including the estimated cost
of Architects fees and lnspectlon
raise the money WhereWlth " liis'loo
said improvement, ana
BE it further Resolved that the
money for said appropriation hereby
made and authorized is to be raised
nv the issuing of permanent pondS 10
be designated Building Bonds TO
hear interest at the rate of four ana
one-half per cent. (41a 20 per an,
num- PAYABLE semi-annually; SAID
bonds 10 be executed by the proper
officers of this Board and be issued
n,lrsuant to Chapter 252 of the Laws
of 1915 and the various amendments
thereof and said Act this Board ooes
hereby determine and declare the
following matters: :.
A. The period OF usefulness Is
Thirty 600 years.
B. The average assessed valuatiof
of the taxable real property, lncluo-
ing improvements OF the County Of
Atlantic computed upon the three
next preceding assessed valuations
in the manner provided by Sectioi
IL, Chapter 252 of the Laws of l9l'
is $877,329, 012.00.
c. The net debt of the. County o
Atlantic, computed in the name
provided in Section IL of the afore
said Act, including the bonds autho
rized by this resolution to be 1ssue'
is $685.. 321.29. :,
d. The statements required D.
Section IL of the aforesaid Act nav
been made and filed as IN SAID Ac
3. The character of the improve
ment to be made for which the bond
are to be issued is the building OF
fire-proof addition to the Surrogate
Office at Mays Landing, n. j.. TO
used as offices for employees an
officers of the County, and a..
Re it further Resolved by IN
BOARD of Chosen Freeholders of tn
County of Atlantic that said bond
he dated June ! 1, 1926; that they Q
issued in denomination of $1,000 eac
and be numbered consecutively 1roi
one "a to fifty-three (53) inclusive
payable as follows
Two bonds beginning with NO.
and following in consecutive order
their number on the first day OF Jun
1928. and two bonds following in cor
secutive order on the first day
June of each year thereafter up
and Including the year 1852. an
three bonds in their then consecutlS
order on the first day OF june 1898
That they be signed by the Diret
tor of this Board, he being the chi
presiding officer, and by the Clerk
this Board, and counterslgned by I,
County Treasurer, and be under Il
corporate seal of this Board, az
that the coupons bear the facsimi
signature of the County Treasure
that they be coupon bonds, with u
privilege of registration as to prime
bal only, or upon surrender of
coupons may be fully registered
to both principal and interest, al
that they be sold upon sealed prop
sails after due advertisement accor
ing to law, and no more bonds shi
he sold than will produce the su
equal to Fifty-Three Thousand d.
lars (s53. Ooo,0O and an addition
sum of less than One Thousand d.
lars Isl, OO0.00). That they recl
that they are issued pursuant
Chapter 252 of the Laws of 1916 a
the various amendments thereof a