The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-05-25

from that date with interest at the rate
OF i've per cent. per amman payable semi
annually on the first days Of December
and June.
Resolved. That said bonds hereby
authorized u be issued under
Tie said act Of April IT,.
1921, shall be coupon bonds Of the deuom-
i~natIon OF $1,000 each (and said coupon
bonds may be exchanged for registered
bonds az the option OF the hoidersl. and
shall be sold BY the Board OF Finance at
public sale for the best price that can be
obtained therefor. but at not less than
their par value add accru ed interest.
Resolved. That a SHAKING Fund be and
the same is hereby established, 70 pay OF
the principal Of the s350.OO0 of said water
bonds, hereby authorized to be ISSUE
under said act Of April IL, 1891, and By
section 2 OF said act the Board having
the charge aud control of the Water
Works shall pay annually in the month
OF July Ia each year., out OF the Income
derived from such water supply. the sum
OF 5000 into said fund for the period Of
thirty years.
BY Mr.. Allen
Resolved, That the Clerk Of this Board
be and is hereby directed 70 advertise in
the Evening Journal and in the Jersey
City News IN Jersey City. for proposals
Tor S3J0,000 OF water bonds, directed to be
issued at this meeting (ADril 13, 1s91);
said amendments to be inserted 10 the
papers named for a period Of five days in
form as hereto amended, aud that the
City Comptroller be and Is hereby direct
ed 70 procure 100 slips Of said advertise
ment. and mail the same to Banks,
Brokers aud Others.
Jersey City Water Bonds. $4,000 ) per
cents.
Sealed proposals will be received BY the
Board OF Finance OF Jersey City, at their
meeting to be held in the City Hall. on
Wednesday. May %, 1891, at two thirty
O'Clock p. M. when they Will be publicly
opened for the whole or any part OF $780,
900 ) per cent. water bonds.
Said bonds to be issued In accordance
with the provisions of an act entitled "a
act to authorize cities to issue bonds II
the funding of water debts and to provide
for their payment" approved April IL.
1891 The principal of said bonds is pay
aoie June l, 1921, and the interest is pay
able -semi-annuaily on the first day Of De
cemoer and June in each year.
BY resolution OF the Board of Finance
OF Jersey City, May IL, 1891, a sinking
fund was created 70 pay of the principal
Of said bonds when due.
Proposals should be enclosed in a sealed
envelope. and endorsed Proposals for
bonds Of Jersey City" and handed to the
Clerk OF the Board in open meeting,
when called for at said meeting, to be
held May %, 1891, at two thirty O'Clock
p m, IN the City Hall.
The Board reserves the right to reject
any or all bids, ii deemed, for the best in
teresJ OF Jersey City.
Delivery of the bonds will be made at
the Office of the City Treasurer, City Hall,
Jersey City. on Wednesday. June 10, 1891
BY order OF the Board of Finance.
WILLIAM g. GERMAN,
Clerk.
Jersey City. May IS, 1901.
The ayes and nayes having been called
each Of the above resolutions was adopted
by the following vote:-
Ayes-All the members
Nays-None.
By Mr.. Allen and carried
Moved that hereafter the regular meet
inEs Of this Board shall be held on the
first and third Tuesdays Of every month
at eight O'Clock p. m.
On motion Of Mr.. Kenny the Board then
adjourned.
w. G. GERMAN,
Clerk.