The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-06-01
soMERs POINT ORDINANCE.

SOMEhS FOITS OHDINANCE.
AN ORDINANCE providing for the
purchase of certain lands in the
d City of Somers Point, belonging to
ceased, and providing for the is
suance of bonds of the City of
Somers Point in the sum of $4,000
to provide funds for the purchase
thereof.
Be it Ordained by the Common
Council of the City Of Somers Point:
purchased by the City of Somers
Point for future erection of munich
pal buildings or other municipal uses
certain lands and premises situate
in the City of Somers Point describ-
ed as follows:
BEGINNING in the Northeast line
South corner of lot No. 6S and runs
Qst) Northwesterly in the line of
said lot No. 6S one hundred and fifty
feet to a thirty-three feet wide
street, then in the same line across
said street, from the Northwest line
of said street one hundred twenty
eight and half to the line of the
road, thence End Southwesterly in
the line of said Railroad one humid
red feet, thence go Southeasterly
and parallel to the first line, two
hundred and ninety-thre feet, ex-
elusive of the thirty three feet wide
street. to the Northwest line of the
Shore Road, thence ca Northeasterly
hundred feet to the place of begin
ming, it being Lots Nos. 60, 10, II
and 72, on a map of Jesse Somers'
Land Section No. 1, the legal title to
which said land is presently vested
in Henry NJ. JUST, Executor under
the Will of Henry d; Justi, deceased.
Augusta E. Justi, Amelia r. Justi,
Henry NJ. Justi and Elizabeth M.
Justi, for the sum of Twelve Thous-
and Dollars ($12.000).
Section 2. That it is necessary to
raise the said sum of Twelve Thous-
and Dollars (S12,000D for the pur-
chase of said land; that in order to
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 3. That the proceeds of
sale Of said bonds shall be applied
ase price of said land ana 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:
ca That the probable period OF
usefulness of the land aforesaid is
forty years.
(b) That the average assessed
valuation of the taxable real proper
ty Gncluding improvements) of the
City of Somers Point computed upon
the next preceding three valuations
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-
tons, and the mourning of indebted
ness by county. city, borough. village.
town, township or other municipality
governed by an Improvement Com
mission" CP. l.. 1916, page $3.50 as
amended is S1.575,754.
(c) That the net debt of said city
computed in the manner provided in
Section IL of said Act as amended
is $161, 406.S5.
(d) The supplemental debt state
ment required by Section IL of said
filed as required by said Section IL.
Section 6. That the Mayor and
City Clerk be and they are hereby
authorized and directed to execute
and deliver with the said parties
named in Section one hereof an
Agreement of Sale for the purchase
of said land and premises in form a.
approved by the City Solicitors.
Section z. That this ordinance
shall take effect ten days after the
publication thereof after final pass
age.
Passed second, third and final
reading after hearing at a regular
meeting of the Common Council OF
Somers Point held in Council Cham-
bers. City Hall. Friday evening, May
2S, 1926.
WILLIAM SHAMROCK,
President Common Council.
Approved.
GEORGE COLL, Mayor.
Attest: JAMES G. SCULL,
City Clerk.
Dated May % 1A26