The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-06-24

AN ORDINANCE providing for the
issuance of temporary School Bonds
i'm the sum of Ninety Thousand Dol
lars ($90.000) and appropriatng the
money arising therefrom for the
nllrpose of building an addition to
the Mill Road School House, located
at Min and New Roads. Mortified,
New Jersey
WHEREAS, the Board of Education
of North6eld New Jersey, has decided
that il is necessary to raise money IN
| the sum of Ninety Thousand Dollars
| $50 .000) for the purpose OF Dulldlhs
| an addition to the Mill Road School
House. located at Mill and New Roads,
| Mortified, New jersey, and has pre-
pared and delivered to each member
f, ~ the Board of School Estimate OF
Mortified a certificate of the amount
| of money estimated for such purposes
| and
| Estimate has fixed and determined
, that the sum of Ninety Thousand
| Dollars $3.50, 000) is necessary to be
| raised wherewith TO build an ADDITION
| to the Mill Road School House, locat-
ed at Mill and New Roads, Northiieid'
New Jersey, as set forth in the GER
tificate of the Board of Education OF
said city, and has made two certih-
Gates of such estimate, one OF WhieH
certificates has been delivered to the
| BOARD of Education and the other to
| the Common Council of said GUY
Now. Therefore. Be IL Ordained by
the Common Council of the CITY oil
section /. That we do hereby APP
! propriate the sum of Ninety Thousand
| Dollars ($90.0 1000 for the purpose OF
building am addition to the Mill ROAD
school House. located at Mill ana New
Poaas. Mortified. New Jersey.
Section g 10 provide the necessary
funds for such purposes, and Tor wnlch
the said appropriation herein men :
toned is made. there shall be ISSUED
By the City of Mortified under us
cornorate seal, signed by the Mayor
atfested by the City Clerk. counter
signed by the City Treasurer. Tenpo11
rary Schoo, Bonds of the CITY oil
NoTthfield in the sum of Ninety
Thousand Dollars (s90.000).
Section 8. That said ponds shail
state in general terms the p pun poSS ~,
which they are issued. and shail pear
intarest at a rate not exceeding SIX
ner centum (69o) per annum, payable
sen,i-onnuaIly, shall he designated
sremporary School Bonds" snail ps
signed by the Mayor, countefsisns s,
by the City Treasurer ana sealee ~ W.
The corporate seal of said city, attes-
ted bv the City Clerk. and the coupons,
IL any attached TO said bonds, shaii
he authenticated by the rae SIN lilliS :
eienatnre of the City Treasurer. Salu
bonds shall be sold by the Director OF
Revanue and Finance. for not less than
nar value and accrued interest. All
other matters i'm respect TO the issu-
ance. sale and delivery of sald Tempo
rary bonds shall be fixed by supse-
o,,ent resolutions of the common
Council Of the City of Northiieid, n;
/ provided. however. that an OF sa.u
bonds shall mature ana ne pau "i''ii''
|
Section 4. That the proceeds rea ,ls,,
Cd from the sale of such bonds shaii
he Maid TO the custodian of school
monevs of the City of Northfeid. VINO
shall In no event, disburse the same.
evcept to pay the expenses oil ISSUING
and selling the same and for the puf-
noses for which said bonds are issued
Section S. This Ordinance shall pc,
come operative when and as pfoViue1
Nv law. after the publication hereoi
and its final passage.
introduced and passed first reading
at a regular meeting of the Common
Council of the City of Nort1iield heid
i'm Common Council chambers, clty
Hall. Monday, June goth, 1927 and
will be considered for final reading
after n public hearing at a regular
meeting OF the Mortified Common
Council to be held i'm Common Council
Chambers. City Hall. Tuesday even
ing July 5. 1927, at s o'clock. day
light saving time. at which time the
public will be given an opportunity TO
GEORGE II. MULLER,
City Clerk.
Dated. Mortified. N. J., June 20. 1927