The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-04-08
i.oARD Of
IcFFIcIAL P-R0cEEDINes.l
Contiausd Jeom yesterday
MISCELLANEOUS BUSINESS.

~NlNINU heretofore legally iS-aGQ " NtE G
and Aldermen Of jersey CITY as a municipal
coronation under the provisions Of section q OF
an act ct the Legislature Of the state o, New
Jersey, entitled An act TO rsorganize the Loeai
GoveFnment OF Jersey cry" passed March 81
Whereas. Assessment bonds to the amount OF
sLTfq .O0J heretofore legally issued under the
pruvisous Of section 1s6 OF the same act on
March 81. 1871, will become due ana pas@o'e
hay 4. lSli, and
Whereas. Inc Sinking Fund Commission Of
Jersey civ have by resolution Of said Eoard
made d DIVISION for the payment Of the SlVI.V0
OF the said reneral bonds and S5JV.OuV ot the
said assessment bonds. and
Whereas. TINS Board desires to renew the
balance Of said bonds, amounting to ei,t5'.Vv9.
so falling due by the issuing Of assessment bonus
in accordance with the provisions OF an act en-
TILED IAN Act to Authorize Cities TO Renew
Maturing Bonds, approved June y leSV' ensfe
fore
newsl OF said balance Of Indebtedness amount
ing to 81, 500. 600 assessment bonds 70 De issued
in the name Of the Mayor and Aldermen OF Jer.
sey City. signed by the Mayor and Clty 1ieIhol
Jersey CITY. aud couutersigned by the Comp
Resolved, That said assessment bonds shall be
dated April !, 1921. payable in twenty -nve years
from date. with interest at the rate o. i've hea
cent. per annum- payable semfannuaiy on inc
fret days Of October and April.
Resolved. That said assessment bonds nersny
authorized 10 lie issued under said act Of Junee,
1890. shall be sold by the Board OF Finance at
public saie for the best price that can De 90
fAluel tuereItfs DuN a. not > AA0A 49, -
value and accrued interest
Resoived. That a sinking fund be and the same
is hereby created to pay oil the princlpai OF sau
81. 4fo. 1000 OF assessment bonds hereby author
ized 10 be issued under sail act of June ., 1880.
by deducting from the collection OF assessments
the sum OF $1,000 per annum, said sum 70 pe
placed in a sinking fund to be used exc usiyeiy
10 raw of said new assessment bonds when due.
Whereas. Water scrip TO ths amount OF Bow
000. heretofore legally issued by the water ON
missioners OF Jersey City und r the provisions
~ an ACT of the Legislature II the State OF New
Jersey, entitled IAN Act to aatnorize ths CON
struction OF works for supplying Jersey CITY and
places adjacent with pure and wholesome
water approved March Is, 1889. and the suppls-
meuts thereto, became due and payaois january
. Whereas. The sinking Fund Commission OF
Jersey City have already purchased all SAID
bonds tbat have been presented Tor pay
ment (and are ready 10 puichase tnose
hold said bonds until thu proper bonds 70 re-
fund the same can be engraved and sold 10 al
vantage under tue act of june o. 1850; and
Whereas, Water script 20 the amount OF S55o,.
600. heretofore legally issued by the Mayor and
Aldermen Of Jersey City as a municipal cofpof-
alton. under the provisions OF section % OF an act
OF the Legislature OF the stat Of New Jersey,
entitled AN Act TO R~eorganize the Local Gov
ernment OF Jersey city" passed March 81. 1871.
will become due and payable May /, ls9.; aud
Whereas, This Board desires to renew all OF
said Indebtedness OF $3.50. OOJ by the issuing OF
Water Bonds in accordance with the provisions
of an act entitled A Act authorizing Cities to
Renew Maturing BONDS, approved June y, loyV.
Resolved. That this Board issue for the re-
newal Of SAID Indebtedness Of 1856. 600 Water
Bonds to be issued In the name of the Mayor
aud Aldermen of Jersey City, signed by the
Mayor and City Clerk of Jersey City and coun-
t~ersianed by the Registrar OF the Water Works,
Resolved. That said water bonds shall be dated
April !, 1891, payable in twenty-five years from
that date with interest at the rate OF D per ceut.
per annum, payable semi annually on the first
uay of October and-April.
Resolved. That sald water bonds hereby au-
III. - - a-rYnI s4nAar fla aid a - r. Vrna
o. 1880, shall be sold by the Board of Finance at
public sale for the best price that can be OBJ
iained therefor, but Of not less than their par
value aad accrued interest.
Resolved, That a sinking fund be and the
same ia hereby created to pay off the principal
of the S5s6.0O0 of said water bonds hereby auth
orized TO be issued under said act OF June 9,
1890, BY deducting from the collection of water
rents. S14.0O per annum; said sum to be placed
In a sinking fund TO be used exclusively 10 pay
of said new water bonds when due.
Resolved, That this Clerk Of this Board be and
is hereby directed to advertise in the EUenfng
Journal and the JERSEY CITY News of Jersey
city, and the New York Financial ! etrs of New
York city, for proposals for S5o5.O0O of water
bonds and s., 49, COZ Of assessment bonds
directed 10 be issued at this meeting, March %.
1891. sail advertisements to be inserted in the
papers named for the period Of three days ia
form as herewith annexed, and that the Comp
trolier be and is hereby directed to procure loo
slips OF said advertisement and mail the same to
banks and brokers of New York and Jersey City
GDvERTIsEMENTt
Sealed proposals will be received by the Board
of Finance II Jersey City, az their meeting to
be held in the City Hal, on Wednesday. APP il /
1891. at O'Clock p. M, when they will be pub
licly opened for the whole or any part of the
following bonds of the city OF Jersey cts, N. j,
s1.459, 600 Assessment Bonds, s5S6,00o Water
Bouds.
said bonds 10 be issued in accordance with the
provisions of an act entitled A act author
zing cities to renew maturing bonds" approved
June O., 1870. The principal of said bonds Is
payable April ]. 1916, aud the interest IS paya-
BILE semi-annually on the first day Of October
and April in each year.
BY resolution Of the Boar1 of Finance OF
Jersey City, passed March 20, 1891, sinking
funds have been created to pay off the princi-
pal Of said bonds when dus.
Proposals should be enclosed In a sealed
envelOps and endorsed Proposals for bonds OF
Jersey City" and handed 10 the Clerk of the
Board in open meeting when called for at said
meeting to be held April l. 1891, at > o'clock
D. IN, in the City Hal
The Board reserves the right to reject any
or all bids if deemed for the best interests Of
BY order of the Board of Finance.
WILLIAM g.. GERMAN,
Clerk.
Jersey City, March %. 1891.
BY Mr.. Allen.
Resolved, That a warrant be ordered
drawn on the City Treasurer in favor of
Herbert Booth King 81 Co., for S423. for
advertising in New York newspapers for
proposals for sale Of bonds; said payment
TO be made out of the Contingent Fund of
this Board for the present fiscal year.
By Nj. Allen.
Resolved, That a warrant be ordered
drawn on the City Treasurer to the order
of the Commissioners OF Adjustment for
$500 out of the proceeds OF and coilec-
lions from adjusted city liens for taxes,
tax sales, assessments and water rents;
said sum being required by said Commits
sioners Of Adjustment to properly per-
form aud carry out the provisions of the
acc creating said Commissioners.
The ayes and nays having been called
on each Of the above resolutions, they
were adopted by the following vote:
Ayes-All the members or the Board.
BY Mr.. Kenny, and carried
Moved, That when this Board adiourns
it be 10 meet on Wednesday, April /, 1891,
at 2 O'Clock D. M.
On motion OF Mr.. Peterson, tie Board
then Adjourned.
w. G. GERMAN