The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1926-04-02
Dated March 26. 1926.
1vf~s

WHEREAS the County of Atlantic
desires to build A new bridge over
Beach Thoroughfare and new
bridge over Great ThOroughfare. on
the Pleasantville Boulevard in At
lantie City. in order that said bridges
may be wider than the present brid-
ges and to accommodate the travel
that comes over said Boulevard. and
have passed sundry resolutions
touching the same. and
WHEREAS, pursuant to
resolution bids have been
asked for and opened at
this meeting after due
advertisement according
to law. and the lowest bid
for building the Beach
Thoroughfare bridge ac-
cording to plans and
Of NEUTRALITY-SUSPICIOUS.. s14s. 900 90
And the lowest bid for bull
ding the Great Thorough
fare bridge according to
plans and specifications is
the sum of............... S13l.llf-l1
And the Board does hereby
estimate that the cost of
engineering and inspec-
ton. including a proper
portion Of the compensa-
ton. salary and expenses
chargeable to said i'm
provements at the sum
of ....5....... - 10, fJZ- 81
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 ...........3 l3,Ui3.fU
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 OFFS 1,O96.3O
And
WHEREAS no appropriation has
heretofore been made for said I'M
provements.
NOW THEREFORE, BE 1T 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 VIII ac-
crue on the sum necessary TO nnance
the same during the period of con-
struction and for six months toere-
T..
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
bonds to raise the money whefeWlth
to finance said improvements. and
BE IT FURTHER RESOLVED
that the money for said appropria-
ton hereby made and authorized is
10 he 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 an 80 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.
Il. 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
IL, Chapter 252 of the Laws of 1916
is $233. 375, 97l.00.
G. The net debt of the County of
Atlantic computed in the manner
provided in Section IL of the afore-
said Act. including the bonds autho-
rized by this resolution to be issued
is $3.50, 321.29.
ID. The statements required by
Section IL of the aforesaid Act have