The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-04-01

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as i.Franklin boulevard. q and being
the same street as shown on plan en-
titled "Absecon Realty CO." and being
indicated thereon as Boulevard.
Section g That said work shall be
done under the supervision OF the
Street Committee of Common, Council
and of the City Engineer, all IN ac-
cordance with the map or plan there
of. a copy of which is hereto annexed
and made a part hereof and there is
hereby appropriated for such purpose
the sum of One Hundred Thousand
Dollars.
Section 3. That in order to tempo
rarily finance the cost of said improve
ment and to raise the amount OF such
appropriation, there shall be issued
temporary bonds of the City of Pleas
anfVille in the sum of One Hundred
Thousand Dollars, bearing interest at
a rate not exceeding six per centum
per annum. Said bonds shall not be
sold for less than par and shall state
in general terms the purpose Tor Wnlch
they are issued and may be ISSUED IN
one installment or from time to tim,
in installments and may be renewed
from time to time. Said bonds shall
be signed by the Mayor, sealed with
the corporate seal of the City, and at
tested by the City Clerk, and all 9TH
err matters with respect thereto shall
be determined by the CITY Treasurer
Section 4. That the proceeds of the
sale of said bonds shall be applied
solely TO the payment of the cost oil
the improvement.
Section 5. That so much of the cost
of said improvement as represents the
special and peculiar benefits conferred,
shall be assessed upon the lands ana
real estate in said City. benefited by
said improvement in proportion to the
benefit each parcel shall receive there
from in the manner provided by law
All moneys received from the assess
ment of benefits shall be forthwith
paid into the appropriate SINKING 1und
of said City to pay the improvement
bonds when due or Common Council
may appropriate money so received
from said assessment towards the re-
demption of said bonds. which it may
determine to redeem.
Section 6. That Common Council
be and they are hereby authorized to
treat with the owners of property l.
ing within the boundaries of Franklin
Avenue as above described for the
purpose of acquiring said land, and If
possible agree with the owners upon
the price to be paid therefor and shall
pay such compensation to said owners
as they shall judge reasonable. and
thereupon shall receive from sad own
erS conveyance of said land and real
estate to the City, and such compen-
sation shall constitute part OF the
whole amount of costs. damages and
expenses to be assessed for such mn
provement If the members of Com
mon Council cannot agree with anyone
of the owners of said land, as to the
price and terms of the purchase there
of. or if, because of legal lncapaclty,
title cannot be obtained for said land,
then and in such case. Common Coun-
ell shall cause condemnation proceeds
ings TO be instituted for the acquisi-
ton of said lands or take such other
action as may be necessary IN the
premises.
Section T. That all ordinances or
parts of ordinances inconsistent here
with. be and the same are hereby re-
pealed and this ordinance take eff
feet ten days after publication there
of. after final passage. as required by
law.