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ORDINANCE 1952-24295 ORDINANCE #24 AN ORDINANCE PROVIDING FOR PURCHASE BY THE TOWNSHIP OF DELAWARE, IN THE COUNTY OF CAMDEN, NEW JERSEY, OF THE ASHLAND SEWER PLANT AND SYSTEM, APPROPRIATING $42,000.00 THEREFOR, AND AUTHORIZING THE ISSUANCE OF $40,000 BONDS OR NOTES OF THE TOWNSHIP FOR FINANCING SUCH APPROPRIATION. THE BOARD OF COMMISSIONERS OF THE TOWNSHIP OF DELAWARE, IN THE COUNTY OF CAMDEN, NEW JERSEY, DO ORDAIN (not less than two - thirds of all the members thereof affirmatively concurring) AS FOLLOWS: Section_ 1. The sewer plant and system located in Ashland in the Township and described in Section 3 of this ordinance shall be pur- chased by the Township of Delaware, in the County of Camden, New Jersey, at the price of $39,765.61 and the said improvement described in said Section 3 is hereby authorized as a general improvement to be acquired by the Township. For the said improvement or purpose stated in said Section 3, there is hereby appropriate d the sum of $42,000.00 said sum being inclusive off' $2,000.00 as the down payment for said improve- ment or purpose required by law and now available therefor by virtue of provision in a budget or budgets of the Township previously adopted. Section 2. For the financing of said improvement or purpose and to meet the part of said $42 appropriation not met by said down payment, negotiable bonds of the Township, each to be known as "Sewer Plant Bonds Series of 1952 are hereby authorized to be issued in the principal amount of $40,000 pursuant to the local Bond Law, con- stituting sections 40:1 -1 to 40:1 -$$ of the Revised Statutes of New Jersey. In anticipation of the issuance of said bonds and to temporarily finance said improvement or purpose, negotiable notes of the Township in a principal amount not exceeding $40,000 are hereby authorized to be issued pursuant to and within the limitations prescribed by said law. The maximum rate of interest which any of said obligations shall bear is six per centum (6J) per annum. Section 3. (a) The improvement hereby authorized and the purpose for financing of which said obligations are to be issued is the 296 purchase, by the Township from Ashland Sewer Service, Inc., a New Jersey corporation, at the price of V 6 39,765.61, of the sewage treatment plant at Ashland, in the Township, commonly known_ as the "Ashland Sewer Plant" and situate at the northeasterly corner of Carolina Avenue and Third Avenue, together with all the machinery, equipment and apparatus thereof, and all sewer mains and lines connecting therewith or constructed, opera- ted or maintained by said Ashland Sewer Service, Inc. situate in the Township and located in public streets or highways or elsewhere and in- cluding the site of said sewage treatment plant hereinbelow more specifi- cally described and the easements and rights of way in the Township, hereinbelow more specifically described, for the construction, installa- tion, maintenance and repair of sewer lines owned by said Ashland Sewer Service, Inc., and all easements and rights of way in the Township neces- sary for the construction, installation, maintenance and repair of the said sewer mains and lines connecting with said sewage treatment plant. The said sewage treatment plant site so to be acquired is the parcel of land and premises in the Township bounded and described as follows: BEGINNING at a point in the Northeasterly corner of Carolina Avenue and Third Avenue; and extending thence (1) North 3 degrees 23 minutes 30 seconds East along the Easterly line of Carolina Avenue 531.$7 feet to a point in the Northeasterly boundary line of the Palmwood Es- tates; thence (2) South 28 degrees 9 minutes 15 seconds East along the Northeasterly boundary line of Palmwood Estates 630.feet more or less to a point in the Northerly line of Third Avenue if extended Eastwardly; thence (3) Westwardly along the extended Northerly line of Third Avenue and the northerly line of Third Avenue 330 feet more or less to the Point and rights of way owned by said of beginning. The said easeme Ashland Sewer Service, Inc. and included among the easements and rights Of way so to be acquired are situate in and upon those tracts or parcels Of land in the Township, described upon the "Revised Plan of Palmwood Estates" dated August 1949) made by John 0sler, Professional Engineer ' ve on file in the office of the Township Clerk, lying and. L a nd Sur y or , and being within lines five feet on each side of the following described center lines: No. 1. BEGINNING at the intersection of the center line of Third Avenue with the center line of Carolina Avenue; and extending thence Southwardly along the said center line of Carolina Avenue 1290 feet. No. 2. BEGINNING at the intersection of the center line of Third Avenue with a line 10 feet Eastwardly from and parallel with the center line of Palmwood Avenue measured at right' angles to said center line; and extending thence Southwardly along said line 10 feet Eastwardly from and parallel with the said center line of Palmwood Avenue 1285 feet. No. 3. BEGINNING at a point in Palmwood Avenue 350 feet Southwardly from the center line of Third Avenue and 10 feet Eastwardly from the Center line of Palmwood Avenue measured at right angles thereto; thence Westwardly, parallel with the di- vision line between Lots 65 and 66 on said Plan, and 5 feet Southwardly therefrom measured at right angles thereto, the distance of 155 feet to a point in Lot 66 distant 5 feet East - wardly from the rear line of said Lot; thence Southwardly parallel with Palmwood Avenue 925 feet. No. 4. BEGINNING at the intersection of the center line of Third Avenue with the center line of Philmar Avenue; thence Southwardly along the center line of Philmar Avenue 280 feet; thence Westwardly at right angles to the center line of Philmar Avenue 155 feet to a point in Lot 112 on said Plan, which point is 5 feet Southwardly from the Northerly line of said lot and 5 feet Westwardly from the rear line of said lot; thence South- wardly and parallel with Philmar Avenue 705 feet to a point in the center line of Hurff Avenue. No. 5. BEGINNING at the intersection of the center line of Third Avenue with the center line of Carolina Avenue; thence Westwardly along the center line of Third Avenue 600 feet to the intersection of the center line of Third Avenue with the center line of Philmar Avenue. No. 6. BEGINNING AT THE intersection of the center line • of Third Avenue with a line 10 feet Eastwardly from and parallel with a center line of Carolina Avenue (North of Third Avenue); thence Northwardly along said line which is 10 feet Eastwardly and parallel with the center line of Carolina Avenue 140 feet. (b) The estimated maximum amount of bonds or notes to be is- sued for said improvement or purpose is $40,000. (c) The estimated maximum amount of money to be raised from all sources for said improvement or purpose is $42,000.00, the excess thereof over the said estimated maximum amount of bonds or notes to be issued therefor being the amount of the said $2,000.00 down payment for said improvement or purpose. SECTION 4• The following matters are hereby determined, de- clared, recited and stated: (a) The said purpose described in Section 3 of this ordinance is not a current expense and is an improvement or property which the Township may lawfully acquire as a general improvement, and no part of the cost thereof has been or shall be specially assessed on property specially benefited thereby. (b) The period of usefulness of said purpose, within the lim- itations of sections 40:1 -34 to 40:1 -36 of said Local Bond Law and ac- cording to the reasonable life thereof, is forty (40) years. (c) The supplemental debt statement required by said Law has been duly made and filed in the office of the Township Clerk and a com- plete executed original thereof has been filed in the office of the Director of the Division of Local Government of the State of New Jersey, and such statement shows that the gross debt of the Township as defined in section 40:1 -76 of said Law is increased by this ordinance by $40,000, and the issuance of the said obligations authorized by this ordinance is permitted by the exception contained in subsection (d) of to the debt limitations prescribed by said section 40 :1 -16 of said Law law. (d) The following items, as defined and authorized by sec- tion 55 - 4 0.1 of the said Law, are and shall be charged as a part of the cost ose to be financed by the issuance of said obligations: of said p ur p (1 250.00 on account of the cost of issuance of said not exceeding � 1 , i f i 299 obligations; and (2) not exceeding $984.39 on account of legal expenses. Section 5. The full faith and credit of the Township are here- by pledged to the punctual payment of the principal of and interest on the said obligations authorized by this ordinance. Said obligations shall be direct, unlimited obligations of the Township, and, unless paid from revenues of the sewerage system of the Township, the Township shall be obligated to levy ad valorem taxes upon all the taxable property with- in the Township for the payment of said obligations and interest thereon Without limitation of rate or amount. Section 6. This ordinance shall take effect twenty (20) days after the first publication thereof after final passage, as provided by 1 said Local Bond Law. Board of Commi sioners. i INTRODUCED: November 24, 195 2 • ADOPTED: December $, 1952•