The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-01-07
The Entire Mainland Wants Through These Column

der to construct Salu bl1uSe anu ~
provide a detour for traffic during the
! period of construction.
1 And BE IT FURTHER RESOLN I'D
that the money for said appropriation
hereby made and authorized is to be
raised by the issuing of permanent
: bonds to be designated Bridge Bonds,
| to bear interest at the rate of 12 per
cent Q1kcS) per annum, payable SEMI
| annually; said bonds to be executed
by the proper officers of this Board,
and be issued pursuant to 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 thirty
| 500 years.
b. The average assessed valuation
of the taxable real property, including
improvements of the County of At
lantic computed upon the three next
preceding assessed valuations in the
manner provided by Section IL, Chap
ter 252 of the Laws of 1916 is $780,,
4i3. 00i,00.
c. The net debt of the County of
Atlantic, computed in the manner pro-
vided in Section IL of the aforesaid
Act, including the bonds authorized
by this resolution TO be issued is $l,-
802, 705.41.
ton ~ of the aforesaid Act have
been made and filed as in said Act
required.
+. The character of the improve
nent to be made for which bonds are
10 be issued is the reconstruction of
Albany Avenue Bridge. spanning In
side Thoroughfare at Atlantic City
terminal of the Pleasantvile Boule-
ward, Atlantic County. New Jersey. to
be constructed of stone, concrete and
steel
And BE IT FURTHER RESOLVED
by the Board of Chosen Frccholders
of the County of Atlantic that said
bonds be dated March LIST. 1927: that
they be issued in denominations of
S1.000.00 each and be numbered con
dred eightytw (5S2) inclusive. pay
able as follows:
20 bonds on the first day of March
of each year beginning with 1929, to
1856, inclusive, and % bonds ON the
first day of March 1857. Bonds to be
paid in their numerical order. begin
ming with No. l.
That they be signed by the Director
of this Board, he being the chief pre-
siding officer, and by the Clerk of this
Board, and countersigned by the Coun-
ty Treasurer, and be under the cor
porate seal of this Board. and that
the coupons bear the fac-simile sigma
turc of the County Treasurer; that
they be coupon bonds with the priVi-
lcge of registration as TO principal on
ly. or upon surrender of all the coH-
DonS may be fully registered as to
both principal and interest, and that
they be sold upon sealed proposals af-
ter due advertisement according to
law, and that no more bonds shall be
sold than will produce the sum equal
to Five Hundred I1ighty-two Thous-
and Dollars ($5S2. 100000 and an addi-
tional sum of less than One Thousand
Dollars Isl ,0Q0.06). That they recite
that they are issued pursuant to Chap
ter 252 OF the Laws of 1916, and the
various amendments thereof and sup
cecds are TO be used to defray the
cost of reconstructins the Albany
Avenue highway bridge spanning In
side Thoroughfare, at Atlantic City
terminal of the Pleasantvilc Boulc-
ward. Atlantic County. New Jersey
That they be sold under the direction
of the Finance Committee. in con-
junction with the County Solicitor and
County Treasurer, and they are hereby
authorized to proceed as rapidly as
possible with the sale and delivery Of
said bonds in accordance with the
statutes of this State, and the proper
officers of this Board be and they are
hereby authorized to execute the said
bonds on behalf of this Board, which
bonds are not to be executed or de-
livered until after the 2Sth day OF
February, 1927.
This Board hereby delegates to En-
och l.. Johnson, its chief financial Of
icCr. its power to award or reject any
or all bids that may be received.
The foregoing resolution WAS adopt
ed by the BOARD of Chosen Freehold
ers OF the County of Atlantic on the
29th day of December 1926. Perma-
ncnt bonds authorized thereby win be
issued and delivered after the 28th day