The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-07-20
bonds and interest on bonds
for six months ............ $500

Maxim ga total of. ...... 500, 200. 0(
for the price of the property and nee
essary alterations and equipment, in
Guiding Architects fees, interest or
bonds for six months and cost of is
suing bonds.
And WHEREAS, no appropriation
has heretofore been made for said
Improvement.
THEREFORE, BE IT RESOLVED
of the County of Atlantic that we do
hereby appropriate the sum of Nine
ty-two Thousand Dollars 1892, zoo. O0)
being the amount considered neces-
sary to purchase said land and build
! ings and to make the proper aItera-
lions and furnish the same suitable
for the purpose for which it is pur-
chased, Including an estimated cost
of architects fees and inspection
during the course of alteration and
equipment.
And BE IT FURTHER RESOLV-
ED that the money for said appro-
priation hereby made and authorized
nent bonds to be designated Guild
ing Bonds" to bear interest at the
rate of four and one-half per cent.
| az 20 per annum, payable semi
annually; said bonds to be executed
| by the proper officers of this Board
and be issued pursuant to Chapter
252 of the Laws of 1916 and the vari-
GUS amendments thereof and supple
ments thereto. and in compliance
with the requirements of said Act
this Board does hereby determine
and declare the following matters:
A. The period of usefulness is thir-
ty 600 years.
of the taxable real property, includ-
ing improvements of the County of
Atlantic computed upon the three
next preceding valuations in the
manner provided by Section 12
Chapter 252 of the Laws of 1916 is
1922, 443, 004.00.
c. The net debt of the County of
provided in Section IL of the afore-
said Act, including the bonds autho-
rized by this resolution to be issued
is $3,0SO, 321.29.
D. The statements required by
Section IL of the aforesaid Act have
been made and filed as in said Act
required.
L. The character of the improve
ment to be made for which the bonds
land and buildings thereon and i'm
provement to said buildings to be
used as a House of Detention for
Boys and Girls, and located at Egg
Harbor City, Atlantic County, New
Jersey, but said buildings thereon
are not fireproof.
And BE IT FURTHER RESOLV-
ED by the Board of Chosen Free
holders of the County of Atlantic
that said bonds be dated the fifth
day of August, 1926; that they be is
sued in denominations of 1,000.0 90
each and be numbered consecutively
from one G to ninety-two (92) in
elusive, payable as follows:=
Three CD bonds beginning with
No / and following in the consec-
utive order of their number to be
paid on the fifth day of August,
1927, and three CD bonds following
in consecutive order on the fifty
day of August of each of the years
thereafter up to and including the
year 1854. and four ca bonds fol-
lowing in consecutive order on the
fifth day of August of each year
thereafter until the whole amount
Is paid.
That they be signed by the Director
of this Board. he being the chief pre-
siding officer. and by the Clerk of
this Board. and countersigned by the
County Treasurer. and be under the
they be coupon bonds and that the
coupons bear the fac smile signature
of the County Treasurer, with the
privilege of registration as to princi-
pal only, or upon surrender OF all
the coupons may be fully registered
as to both principal and interest;
that they be sold upon sealed prop9-
sails after due advertisement accord
ing to law, and that no more bonds
shall be sold than will produce a sum
equal to Ninety-two Thousand DOL
lars ($92, O00 0O) and an additional
sum of less than One Thousand Dol
lars ($1 ,0O0.0O. That they rec1te
that they are issued pursuant, TO
Chapter 252 of the Laws of 1916 and
the various amendments thereof and
supplements thereto, and that the
proceeds are to be used to defray the
cost of the purchase of land and
buildings thereon, and making i'm
proyements to said buildings to be
used as a House OF Detention Tor
Bows and Girls said land and build
ings being located in Egg Harbor
City, Atlantic County. New Jersey.
That said bonds be sold under the
direction of the Finance Committee
in conjunction with the County
Counsel and County Treasurer. and
they are hereby authorized to pro
coed as rapidly as possible with tne
sale and delivery of said bonds in ac-
cordance with the statutes of this
State. and the proper officers of this
Board be and they are hereby autho-
rized to execute said bonds on behalf
of said Board, which bonds are not
to be executed or delivered until the
fifth day of August, 1926.
This Board hereby delegates to
Enoch l.. Johnson, its chief financial
officer, it's power to award or reject
any or all bids that may be received.
The foregoing resolution was adop-
ted by the Board of Chosen Freehol-
ders of the County of Atlantic on the
14th day of July. 1926. Permanent
bonds authorized thereby will be is
sued and delivered after the fifth day
of August, 1926. and any suit, action
or proceeding to set aside or vacate
said resolution must be taken within
twenty (20) days after the publica-
ton of this statement.
F. w. WILLETTS,
Clerk.