The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-01-26

OF one thousand dollars each, shall run
Tor and be made payable in twenty-one
years from the the date thereof. shall
Dear interest NJ the rate OF four aud one
haif pei ceotum per annum. 70 be paid
s~emi-1nuually from the date Of issue
thereof, and shall be signed and sealed,
aud numbered and registered, with cou-
pons thereto attached. in the manner pro-
Flued Tor and IN accordance with
the seventh section Of said act. and
the same. As wei as the princi-
pie OF the bonds. shall be payable
at the Office Of the County Collector, In
said county Of Hudson. and that the in
terest Tor the lrst six months on said
bonds shall be paid ont OF aud be charge
able TO tue nineteenth item OF ~apDropria-
ton. known as incidental expenses -
the said bonds snail be sold al
not less than par value, upon bids
or proposals duly advertised for one week,
- the act directs, which said bills shall be
presented TO this Board. the matter OF
otherwise ARRANGING for the sale OF said
bonds, aud the form thereof, is referred
10 the Committee On Finance and Audit
Of this Board. who shall make a report
thereof. In writing. to this Board with all
convenient speed; proper deeds of convey
ance. conveying TO the county the lands
before mentioned in Zee, are 10 be de-
hvered and accepted when the moneys
aforesaid are realized to pay for the same
by and from the sale of said bonds, which
sale Is to be proceeded with as rapidly as
may be practicable nnder all the circum-
stances; and as evidence OF the accept
ance OF the agreement aud provisions
aforesaid as q contract between the
county and the owners Of the lands afore-
said Tor the purchase and sale thereof, the
said owners are to sign. or cause u be
signed. their names hereto, or to a true
copy hereof; and the same is to bind the
hairs na anrII ~ 81 -
OF the parties TO the said contract.
keehoider Phngsten moved to adopt
the preamble aud resolutions.
Question being taken on the motion on
yeas and nays, there voted as follaws:-
Yeas-Director-at-Large Bruggemsnn
and F~reeholders Coyle, Ellis, Hennesssy,
kimmerly, Noonan, Nelson aud Plug
stems.
Observation-Disclosures German. Perry and
Tierney-3
The Director-at-Large declared the res
olutiou adopted
By Freeholders Hennessey, Coyle, Ping
stem. Ellis, Noouan aud Kinimerly.-
Il Resclveu, That the COMMITTEES on FL
nance and Audit of this Board be and
are hereby authorized and instructed, in
accordance with the resolutions adopted
by this Board and pursuant 10 the pro-
visions Of chapter 155 Of the Laws OF
1881, 20 advertise in the official newspa-
tLA3 "a Wiz DOAAA0 ~ AAC 1OALE VI jill
week for bids for bonds In the sum of on5
hundred and five thousand dollars Of this
denomination OF one thousand dollare
each. to run for the period OF twenty-one
years and to bear interest at the rate Of
four and one-half per centum per Rnnum:
said m TO be issued 70 provide for the
payment OF the purchase price of the
Oalanee OF Snake Hill; aud the bids or
proposals therefor to be Endorsed, PRO
posals for Snake Hill purchase bonds,'p
and addressed and presented to said
Board and opened at the meeting to be
held on the 29tn day Of January next 1T
7.30 D. IN; and that bids for the whole of
said bonds. or Il less number, quantity
or lot thereof, not less than ten thousand
dollars worth shall be accepted If made.
Freeholder Pdngsten moved 70 adopt
the resolution.
Question being taken on the motion on
yeas and nays, there voted as follows
Yeas Direetor-a.-Large Bruggemann
and Freeholders Ellis, Coyle, Hennessey.
Kimmerly. Noonan, Nelson and Ping
stems
Nays-Freeholders German. Perry and
T~ierney-3.
The Director-at-Large declared the res
olutl0n adopted.
BY Freebooter Gorman:-
Resolved, That the bonds Park bonas)
TO the amount of SIX hundred thousand
dollars this day bid for Dy the bids or
proposals submitted at this meeting, be
and are hereby ordered 10 be made issued
in the form Of coupon bonds. which said
bonds may be made e-xchangeable for reg
istered bonds. provided, however. that
the consent OF this Board as to the ex-
change shall be first had; said bonds and
the issue aud sale thereof are provided
for in and by the two resolutions relating
thereto adopted BIZ this Board at the
meeting thereof held on Friday, August
I IECo arl fhn n-a-araFf1 - - -
for issue, as already ordered, is commit
ted - the Committee on Finance and
Audit Of this Board. who are hereby re-
quested to act in the premises with all
possible speed.
Freeholder German moved to adopt the
resolution.
Oaestion being taken on the motion on
yeas and nays there voted as follows
Yeas-Freehoiders COyle, Ellis, Cor
man. Hennessey. kimmerly, Noonan,
Nelson, Perry, Pdngsten and T~ierney-
10.
Nays-Director-at-Large Bruggemann
II.
The Director-at-Large declared the mo-
ton adopted.
Freeholder Coyle moved that the Com
mittee on Judiciary To- empowered 70 en-
ploy counsel 10 examine the title Of the
property on Snake Hill ordered pur-
chased Oy this Board
QuEstlOA DGAIH AdhCn OA ALc hDtlDu Oh
yeas and nays there voted as follows
Yeas-Director-at Large Bruggemann
and Freeholders Coyle, Ellis, Hennessey,
Kimmerly, Noonan, Nelson and Ping
stems.
Nays-Freeholders German. Perry and
Tlerney-2.
The Director-at-Large declared the mo-
ton adopted.
Freeholder Perry moved that the Clerk
Of the Board be instructed TO la the
plans and specifications OF the Hall of
Records with him at the next meeting Of
the Board.
Adopted.
The Board then on motion of Free
holder Perry adjourned.
The Director-at-Large declared the
Board adjourned to meet on Thursday,
January ~, 1891, at 7:30 D. m.
JOHN BOYD.
Clerk.