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ORDINANCE 1952-13ORDINANCE #13 ORDINANCE PROVIDING FOR THE CONSTRUCTION OF CONCRETE CURBS IN A PORTION OF LONGWOOD AVENUE IN THE TOWNSHIP OF DELAWARE, IN THE COUNTY OF CAMDEN, NEW JERSEY, ORDERING SPECIAL A D� E TH�EREFOR� AND AUTHORIZING APPROPRIATING $5,5 HE ISSUANCE FOR THE FINANCING OF IPTHE SAME OF $3,000 BONDS OR NOT E 275 THE BOARD OF COMMISSIONERS OF THE TOWNSHIP OF DELAWARE, IN THE COUNTY OF CAMDEN, (not less than two- thirds of all the members thereof affirmatively concurring) DO ORDAIN AS FOLLOWS: Section 1. The improvements described in Section 3 of this ordinance is hereby authorized as a local improvement to be made or ac- of Delaware in the County of Camden, New Jersey, quired by the Township � and for the said improvement or purpose stated in said Section 3 there i appropriate d the sum of $5,500, inclusive of the sum of $2,500 s hereby purpose required by law and as the down payment for said improvement or p ur P now available therefor by virtue of provision in a budget or budgets of the Township previously adopted. n 2. Said improvement or purpose shall be financed, and Section shall be met, from the proceeds of the 3,000 said $5,500 appropr 00 down bonds or notes he reinbelow authorized, and from the said $2,5 ropriated therefor. For the financing of said payment hereinabove a PP art of said appropriation not improvement or purpose and to meet the P each to be a ent, negotiable bonds of the Township' prized met by said down P ym n are hereby authorized known as "Street assessment Bonds, Series A 195 to be issued in the princ i al amount of $3x000 pursuant to the Local p _$$ of the Revised Stat- Bond Law, constituting sections 40:1-1 to 40: said utes of New Jersey. In an ticipa bonds, ne- tion of the issuance of Township in a Principal �O�t not exceeding gotiable notes of the Town within the authorized $3,000 are hereby to be issued Pursuant to and maximum rate of interest limitations prescribed by said law. The m which any of said obligations shall bear is six per centum (6%) P er annum, authorized and the ) The improvement hereby Secti on 3• (a obligations are to be issued, Purpose for the financing o'f which said oblig � A between Kenilworth Avenue and the is the improvement of'LongWOOd A $ by the construction therein of � East side of State Highway Route No. 3 276 concrete curbs on both sides of and alont the curb lines and within the street lines, all in accordance with plans therefor prepared by John H. Osler, P.E. & L.S., now on file in the office of the Township Clerk and hereby approved. (b) The estimated maximum amount of bonds or -notes to be issued for said purpose is $3 (c) The estimated maximum amount of money to be raised for said purpose from all sources is $5 the excess of such amount over the amount of obligations authorized in Section 2 of this ordinance being the down payment referred to in Section 2 of this ordi- nance. Section 4. The following matters are hereby determined, de- clared, recited and stated. described in Section 3 of this ( a) The said purpose � i or property ordinance is not a current expense and is an imP w the Town ship may lawfully make or acquire as a local improvement. which of said purpose, within (b) The period of usefulness the limitations of sections 40:1 -34 to 40:1-36 of said Law and according to the reasonable life thereof, is ten (10) years. (c) The supplemental debt statement required by said 1 made and filed in the office of the Township Clerk and Law has been du y a complete executed original thereof has been filed in the office of the ent of the State of New Jersey, Director of the Division of Local Governm statement shows that the gross debt of the Township as define and such this ordinance by X3,000, in section 40:1-76 of said Law is increased by this ordinance is and the issuance of the said obligations authorized by ined in subsection (d) of sect 40:1 -16 permitted by the exception conta said Law. o f said Law to the debt limitations prescribed by authorized (d) The following items, as defined and by section 40 ..1 - 55 of s aid Law, are and shall be charged as a part of the cost of said pure ose to be financed by the issuance of said obli- din X450 on account of engineering and inspection gationS. (1) not exceeding expenses; and (2) not exceeding $30 on account of the costs and legal exp � cost of issuance of said obligations. Section 5 of this ordinance, ( Except as provided in 277 nothing will be contributed by the Township at large to payment of the cost of said improvement, and the estimated amount of special assess- ments to be levied on property specially benefited by the said improve- ment is $5,500 being the total estimated maximum amount of money to be raised for said improvement from all sources less the amount to be con - tributed by the Township at large. (f) The stated number of annual installments in which may be paid the special assessments to be levied on property specially benefited by the improvement described in Section 3 of this ordinance is ten (10). f said local improvement, to the extent Section 5• The cost o of the amount of the appropriation hereby made therefor, shall be paid by special assessments to be levied on property specially benefited thereb as near as may be in proportion to the peculiar benefit, advan- Y, tags or increase in value which the respective land or parcels of land or real estate shall be deemed to receive by reason of said improvement, el of land exceed in and in no case shall any assessment on any parc such peculiar benefit, advantage or increase in value, and if amount essed shall not equal the cost, the balance shall be paid benefits so ass by the Township* which any assessment Section 6. The owner of any land upon for said local improvement shall have been made may pay such assessment in the number of equal annual installments hereinabove determined, with The first of legal interest on the unpaid balance of the assessment. a confir- said installments shall be due and payable thirty days after mation of the assessment and each subsequent annual installment and in- terest shall be payable in each successive year t hereafter, provided have the privilege of paying that any owner of land so assessed shall the whole of any assessment or any balance of installments with accrue interest thereon at one time; in case any such in shall remain unpaid for thirty days from and after the time it shall become due an payable the whole assessment or balance thereof shall become and be im- d a able and shall draw interest at the rate imposed mediately due an p Y es of taxes in the Township and shall be collected in upon the arrearag • such the same manner as provided by law for other past due assessments, 278 assessment shall remain a lien upon the land described therein until the same with all installments and accrued interest thereon shall be paid and satisfied. Nothwi th standing anything herein to the contrary the Township shall have such right to waive default as may be permitted by 1 aw. Section 7. All such assessments on account of said local im- provement when collected, shall be immediately placed in an account of ' tt Vement Assessment Account No. 4• the Township to be known as Local Impro Section 8. The full faith and credit of the Township are here - by pledged led ed to the punctual payment of the principal of and interest on unlimited obliga- t ons o said obligations. Said obligations shall be direct, i f the Township and the Township shall be obligated to levy ad on all the taxable property within the Township for the valorem taxe s u p bli ations and interest thereon, without limitation of payment of the o g rate or amount. Section 9. All ordinances inconsistent with this ordinance S repealed Ordi- are hereby repealed, and in particular there is hereby Commissioners of the Township of Dela- nance #9 adopted by the ward of ware on January 14, 1952 Section 1 0, This ordinance shall take effect twenty days after cation thereof after final passa a as provided by law. the first publi A � ~� Adopted: p er • Introd�(ed : March 24th, 1952 ti r s oners• 0 omm Adopted: April 14th, 1952