The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-09-02
gas used at City Hall during July, 1898, s21.
MISCELLANEOUS BUSINESS.

ana nays.
Yeas-All the members Of the Board, I'VE
(5) in number.
Resolved, That the preamble and resolu.
tons relative to the sale of 500, 900 assess
ment bonds, adopted August IA, 1898, be
and the same are hereby resclnded.
Whereas, Assessment bonds to the amount
of $459, 900 heretofore legally issued by the
Mayer and Aldermen of Jersey City as a
municipal corporation, under the provisions
of section 1856 Of an act Of the Legislature OF
the State of New jersey, entitled, "Ap Act
to reorganize the local government Of Jersey
City, passed March 81, 1874, will become
due and payable October 4, 1888: and
Whereas, Assessment bonds to the amount
of $500, 009 heretofore legally issued under
the provisions Of the same sessen of the
said act Of March 81, 1871, wifi ~beconnesdue
and payable January ?, 1894; and .
Whereas, The Sinking Fund Commission
of Jersey City have, by resolution Of said
S159, 600 Of the said assessmept Bonds. due
October 1, 1888; also fot Ae payment of
$10o, @00 of said assessment Sends, daeJanrA
airy 2, 1894; and
Whereas, This Beard desires Il renew ths
balance of said bonds, a~Ilougtihg TO $7oe.~I
00e. so falling due by the issuing Of a~ssass-i
ment bonds, in accoEdsnse with the proE9-l
sionss of an act entitled, An Act autheriz-j
ing cities to renew maturing bondss' ap-S
proved March 16, 1898; therefore.
Resolved, That tits Board isspe for the
renewal of said BALANCE of .fndsbtednesS,
amounting to $700, 900, ASSESSMENT bo6dSt6
be issued in the. nalpe yQf thss Mayak and
Aldermen of Jersey City ssigHea Dsysshei
Mayor apd City Clcfk Of Jersey city and
csuntersigned by the City oapptrollar;
| Resolved, That said asssgsasAt sends
shall be dated Segtepber q 1879 Ps2sblsa
ssasss :. and ah assss,s si a sasi assssss . tt "a 1sseI
of five per cent. PER sRadhe. psyae!ersemi-
annually in like gold sasn. "a tie first days
of March and September:
Resolved, That said assessment bonds
act Of MsrSh LEI 1sg8sl be .s6labY thej
Board of Fiaapce At pITssitesae kaf Mebesf3
| price that can be ohtRlakd hsrsfsf, but at
not less thanfthcir par vasle and Accrued inAA
tereS;
Resolved, That a siAking .falsse be apG4he,
same S hereby created 10 pay off TIE fsiru{E1
pal Of said $70asee0 Of assessment bends
hereby authorized to be issued under sad aosl
| of March t, 1893, by insertiaag in fHs tag
levy eash year the SUN of 81 ,ooe, ssid spas
to{he placid in said siRkiag fuad had 50 ip-l
yestsa o TO BIT, Spailabte lot the paytghtdf1
Sid rev assessfheAtBonds when they shalP
kbecone due. |
Resolved, That the Clerk Of this Boards
BE and heis bereyy direttsd II advertise in
News Of Jersey City. and the Ft-
nancial News and journal of Finapce,y
beth Q aNew York CITY, for proposals for
$$feo. s0Ufsf assessmsnt SOFAS directed to be
4 issued at the msgting sf this Beard, held
this day. said advertisement to be5
inserted in the papers named for the period
of FIVE days, in form as hereto annexed, ands
that 500 slips of said advertisement be
procured by the City Comptroller and
mailed to brokers, bankers and others of
Jersey City, New York and ether places.
(Advertisemspt.)
JERSEY CITY GOLD BONDS.
Proposals for Bonds,
INTEREST FIVE () PER CENT. PER A9NUM,
Principal and Interest Payable in Gold.
BONDS EXEMPT FROM TAXATION.
Sealed proposals will be received by the
Board of Finance of Jersey City, at their
meeting to be held in the City Hall On
Friday, September 18th, 1898, at two O'clock
PM, when they will be publicly opened for
the whole or any part of
$7eo, 600
ASSESSMENT BONDS,
Said bonds to be issued in accordance with
the provisions of an act entitled, AN Act
authorizing cities to renew matlriag bonds"
approved March 16. 1893. The principal of
said bonds is payable
SEPTEMBER FIRST Csr), 1898, -
in gold cein of the United States, and the
interest at the rate Of FIVE .(D per cent. per
annum is payable (nn gold} s~cmi-annuslly ia
the first days of March and September in
each year.
BY the resolution passed by the Beard
of Finance of Jersey City August IA, 1893.
authorizing thetissue of these bonds, a Sink
ing Fund was also created for the pur-I
pose of paying the principal of said bonds
when due.
Proposals should be enclosed in a sealed
envelope and endorsed
PROPOSALS FOR BONDS OF I
JERSEY CITY," ~a
and handed to the Clerk of the Board In
open meeting when called for at said meetS
ing, to be held September 10, 1898, at two
o'clock PM, ip the City Hall.
The Board of Finance reserves the right.
to reject any or all bids if deemed for the
best interest Of Jersey City.
A recess of five 10 minutes was then
taken.
Upon the r~eassembling 4 .he Board all
the members of the Board were present, Eve
in number.
From the law officers of the city:
JERSEY Cry, NJ. Aug. 16, 1898.
To the Honorable Board of Finance ofJersey
City:
Gentlemen BY resolution of your Board,
passed May 10. 1888, your Beard set aside
certain of the license fees of the year July 2.
1892, to July l, 1893. and in said resolu-
lions were certain limitations in reference TO
the use thereof, the last clause of said -esp-
luton directs the City Comptroller and City
Treasurer to retain out of said moneys GER
tain moneys until the law officers Of the city
shall have passed upon the legal status of
certain claims referred to in said resolution.
The law officers were and are of the opin-
ion that such claims should be brought be-
fore a proper court and the statutes and the
proceedings be reviewed. Such an opinion
has been by me verbally expressed to men,
bers of your Boarc and the Comptroller.
The nrineinal cieStior involved is tha