The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-10-21
BOROUGH OF LINWOoD, NJ. j.
ORDINANCE MO o6-1noz

AN ORDINANCE to provide for the
issuance OF bonds to an amount not
exceeding $4,000, proceeds of the
sale thereof to be applied in payment
oil the costs and expense of the ac-
Duisition of lands and premises for
The extension of New Road through
the Borough. OF L.inwood
Be 1t Ordained by the Borough
Council of the Borough of Linwood:
Section /. That bonds of the said
Borough in an amount not exceeding
$4,000 shall be issued in the denomi-
nation of $1,000 each and the proceeds
of the sale thereof shall be applied to
the payment OF the cost and expense
of acquiring lands and premises fer
the extension of New Road through
the Borough of Linwood, all of which
acquisition of lands was heretofore
duly authorized. The said bonds shall
be numbered from one to twelve both
inclusive, shall bear date July /, 1927.
snail be payable July /. 1889, and bear
interest at the rate of five per centum
per annum. payable semi-annually.
Said bonds shall be signed by the May
or, sealed with the corporate seal of
the Borough. attested bv the Roroueh
Clerk and countersigned by the tax
collector, and the coupons attached to
said bonds shall bear the engraved or
autographed signature of the tax col
ector;and the bonds and coupons shall
be in substantially the following form,
to wit.
UNITED STATES OF AMERICA
State of New Jersey
Borough of Linwood
NEW ROAD EXTENSION BONDS
No. 81 900
KNOW ALL MEN BY THESE
PRESENTS. That the Borough of Lin
wood. in the State of New Jersey. for
value received. hereby acknowledges
ietself indebted and promises to pay
of Ono
and Dollars ($1.000) on the first day oil
July, 1899, with interest thereon al
the rate of five per centum per annum
payable semi annually on the first
days of July and January. on the pre-
sentation and surrender of the interest
coupons hereto annexed as they sew
orally become due, both principal and
interest payable in gold coin of the
United States of America, of the pres
ent standard weight and fineness, at
the 80. in the State of =.
This bond is issued under and pur-
suant to the provisions of the statutes
of said State in such cases made and
provided, and under and by virtue of
an ordinance and the proceedings of
The Borough Council of said Borough,
duly passed and taken.
1t is hereby certified, recited and
declared, that all acts. conditions and
things required to be done. exist, hap
pen and be performed precedent to
and in the issuance Of this bond, have
been done, existed. happened and been
performed in regular and due form and
manner as required by law, and that
This bond, together with all the other
Indebtedness of said Borough, does
not exceed any limitation prescribed
by the statutes or constitution of said
State. and that the faith and credit
of said Borough are inviolably pledged
for the payment of this bond
This bond shall pass by delivery or
ii may be registered by its owner on
the books of the Tax Collector of y IN
wood. After registration of ownership
certified thereon by the Tex Collector.
no transfer. except upon the books of
the Tax Collector. shall be valid; but
this bond shall continue subject to
successive registrations and transfers
to bearer as aforesaid. at the option of
the holder. The transfera bility of the
coupons by delivery shall rot be af-
fected by the registration of the bond.
IN WITNESS WHEREOF. the said
Borough of Linwood has caused its
corporate seal to be hereto affixed, At
tested by it's Borough Clerk. and this
bond to be signed by its Mayor and
countersgned by its Tax Collector.
and has also caused the coupons here
to annexed to be signed with the en-