The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-09-23
PLEASANTvILl- ORDINANCE
NO. 336.


PLEASANTVlLL1 ORDINANCE
NO. 1886.
AN ORDINANCE making an appro-
priation for the erection, furnishing
and e%quipping of q new High School
building on the Franklin Avenue
site IN the City of ~Pleasantville, and
authorizing the issuance of perma-
nent bonds in the amount of six hun
bred and Thirty-five thousand dol
lars to pay the cost of said site n
erecting, furnishing and equipping
said school building.
Whereas, the Board of School Esti-
mate and the Board of Education Of
the City of P~leasantville by proper
proceedings have heretofore estimated
that $35, 900 was necessary to purchase
a site on Franklin Avenue. in the City
School District of P~leaSantville, N. j.,
known as BLOCK L." as shown upon
a map Of Ansley Park. ~Pleasantville,
New Jersey, which said lot is a tract
OF ground 800 feet on Franklin Avenue
by $50 feet in depth. and
Whereas. said amount OF 49,, 900
heretofore has been duly appropriated
and said site has been acquired and
the cost thereof has been temporarily
financed by h issuance of temporary
school obligations of said City in the
mount of $35, 600, which are outstand-
ing and unpaid, n it is necessary to
fund the same by the issuance of per-
nianent bonds. and,
Whereas, the Board of School Esti-
mate and Board Of Education of said
City by proper proceedings have here
tofore estimated that the sum of $780,
600 is necessary for the construction
of said new high school building and
the further sum of $4,000 is necessary
for furnishing and e%quipping the same,
and h certificate of the Board of
School Estimate to that effect has been
delivered to the Common Council and
to the Board of Education.
BE 1t Ordained by the Common
Council of the City of P~leasantville,
Section /. That the sum of Six
Hundred Thousand Dollars ($600, 000)
be and is hereby appropriated to pay
the cost of erecting, furnishing and
ing on the. Franklin Avenue site in
the City School D:-+rict5 of the CITY of
~Pleasantville, New Jersey.
Section 2. That there shall be rails
ed the sum of Thirty-ive Thousand
Dollars (S35, 000) to fund a like princi-
pal amount of temporary obligations
of the City of P~leasantville now out
standing and unpaid issued temporar-
lily to- pay the cost of acquiring said
school site.
Section 8. That said amounts ag-
gregating Six Hundred and Thirty-five
Thousand Dollars (S635, 000) shall be
borrowed for such purposes and the
repayment of such sum together with
lflttibSI lltISOH SfidI ne secured DIV
the issuance of School Bonds in the
corporate name of the City of Pleas
antville, pursuant to the provisions of
an act of the Legislature of the State
of New Jersey, entitled AN Act to
establish a thorough and efficient svs-
tenn of free public schools and to pro-
vide for the maintenance, support and
management thereof" approved Octo-
Der 10, 1908. and the acts am%endatory
thereof and supplemental thereto.
Section 4. That said bonds shall be
issued in the aggregate principal am
cunt of $685.. 600: of the denomination
of N Thousand Dollars ($1 .000) each.
numbered from n "a to six hundred
t~lfrty-five (635) both inclusive, dated
October /. 1927. and maturing in nu-
merical order as numbered, fifteen C5)
bonds a~ggregating $4,000 o the first
day of October in each of the years
1929 to 1857. both inclusive, and TWEEN
~ 600 bonds aggregating $4,000 on
the first day of October in each OF the
years 1858 TO 1867 both inclusive.
Section S. That said bonds shall
bear interest at a rate not exceeding
SIX per centum per annlm and the in
terest thereon h be payable semi
annually April ] and October 1. Said
bonds shall be signed by the Mayor
and City Treasurer and sealed with
the corporate seal of the City. attcsted
by h City Clerk. II the coupons
IF any, attached to said bonds shall
W fNif1 it''t ~ III ttA =
az the City Treasurer, me said bonds
shall be sold in the manner provided
bv law for not less than par. and all
other matters with respect to the is
siIance, sale and form of said bonds
shall be determined by resolution of
The Common Council.
st Section G.. The City shall in its am
niial tax levy raise money sufficient to
pay the interest and principal of said
bonds as may mature during zach year.
= g. SarfiOn - Thnf NyI fttD nf the irp-
ceeds of sale shall be applied solely TO
the funding of the temporary obliga-
tons of said City heretofore issued to
ray the cost of said school site INC
the balance shall be applied solely to
The cost of erection, furnishing and
equipping of said new school building
and to the payment ofHthe cost of is
suing the bonds.
Section 8. 1t is hereby determined
that the period within which said
Improvement being classified as the
construction OF a building of fire-proof
construction and the acquisition of
land for school purposes.
Section 3. That this ordinance shall
take effect Immediately upon its pas
cage and publication as required by
Notice is hereby given that the fore
going ordinance was introduces at a
regular meeting of Pleasantville City
Common Council. held in Common
Council Chambers. City Hall. Sent. 10.
1927. and passed first reading. and that
it will be considered for second and
final readings at q regular meetlng at
3 o'clock p. NJ. Oct. 3. 1927. in Conn
mon Council Chambers. when the pnb-
nc will be given an opportunity 10 be
heard concerning the same.
NEHEMIAH ANDREWS,
Dated Sept. 10, 1927.