The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-04-09

engineering and inspec
ton. including a proper
portion of the compensa-
ton, salary and expenses
of the engineering staff
chargeable to said i'm
provements at the sum
of Observation-Disclosures. 1889 s;
And the Board does also
estimate that the interest
on the sum of money
necessary to build said
bridges during the period
of construction and for
six months thereafter to
be the sum of. 1908. Il
And does also estimate that
the cost of issuing the
bonds wherewith to raise
the funds necessary for
the building of said brid-
ges to be the sum of. IS 1,096. sc
And
WHEREAS no appropriation has
heretofore been made for said i'm
provements,
NOW THEREFORE, BE IT RE-
SOLVED by the Board of Chosen
Freeholders of the County of Allan
tic that we do hereby appropriate
the sum of Three Hundred Three
Thousand Dollars (S303, 100000. being
the amount considered necessary to
finance the building of said bridges
including the interest which will ac-
crue on the sum necessary to finance
the same during the period of con-
struction and for six months there
after, including the estimated cost of
engineering and inspection and a
proper portion of compensation, sal
airy and expense of the engineering
staff chargeable to said improve
ments, and the cost of issuing the
hA, do To ,.nip hn h. - |,
to finance said improvements, ard
BE 1T FURTHER RESOLVED
that the money for said appropria-
ton hereby made and authorized is
to be raised by the issuing of per-
manent bonds to be designated
Bridge Bonds" to bear interest at
the rate of four and one-half per
cent. az "a per annum, payable
semi annually, and that said bonds
be executed by the proper officers OF
this Board, and be issued in pursu-
ance of Chapter 252 of the Laws OF
1916 and the various amendments
thereof and supplements 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 for
| ty (40) years.
B. The average assessed valuation
of the taxable real property, includ
| ing improvements of the County OF
Atlantic computed upon the three
next preceding assessed valuations
in the manner provided by Section
| -, Chapter 252 of the Laws of 1916
is $233, 375,9 71.00.
C. The net debt of the County OF
Atlantic computed in the manner
provided in Section u of the afore-
said Act, including the bonds aUtho-
rized by this resolution to be ISSUED
is SIS. $50, 321. 20.
ID. The statements required by
Section IL of the aforesaid Act have
been made and filed as the said Act
required.
E. The character of the improve
ments to be made, for which the
bonds are to be issued is the build
ing of two bridges IN the Pleasant
vile Boulevard in Atlantic City, New
Jersey, one over Beach Thorough
| fare and one over Great Thorough
fare, and the construction of sale
bridge being creosoted pile trestle
bridge, and
BE IT FURTHER RESOLVED by
| the Board of Chosen Freeholders oil
the County of Atlantic that said
bonds be dated April LIST, 1926; that
they be issued in denominations OF
| 81 10000 each and be numbered con-
secutively from one % to three hun
bred three (303) inclusive, payable
as follows:
10 Bonds beginning with No. 1. fol-
lowing in consecutive order of their
number. to be paid on the first day
of April. 1928, and 10 bonds following