The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-10-15
9Th AVE-, 10Th TO 2IsT ST.
BOARD OF FINANCE.

NSOIllIlu6u+l
By Mr.. Bailey, on behalf of the Com
mittee on Finance
Whereas, Philip E. Martin is the owner
of lot number 10, in Block 81, situate at
day of October, 1890, the said lot was sold
for taxes by the Mayor and Aldermen
Of Jersey City and was bought in by
Whereas, The said Henry Steffens, in
his lifetime, did not, nor has anyone
since his death in his behalf perfected
the title to said lot and received a deed
therefor; and
Whereas, Philip E.. Martin recently
paid to Sophia Steffens, widow and sole
executrix of the estate of Henry Stef-
fens, all the moneys which said Henry
Steffens paid for the purchase of said
lot, together with interest thereon as
provided By lsw, and has received sa1 from
as aforesaid, an assignment and trans
fer of all her right, title and interest
in and to said lot, and to all the right,
deceased; therefore be it
Resolved, That the City Clerk of the
City of Jersey City be and h. is hereby
teen, on block ifty-seven of record.
BY Mr.. Bailey, on behalf of the Com
mittee on Finance
of s179, 600 heretofore legally issued by the
Water Commissioners of Jersey City
under the provisions of an act entitled.
An Act to authorize the construction of
WILL 40 v ohPPAy iS SA5 S1ty civ
places adjacent with pure and whole
some water" approved March 18th,
1852, and the supplements thereto, will
become due and payable January lst.
1895, and
Whereas. This Board desires to renew
all of said Indebtedness of $17S,0 900 by is
with an Act entitled "An Act authoriz-
ing cities to renew maturing bonds,
approved March 18th, 1893.
Resolved, That this Board issue for the
rapoNvoI of said ndohtadnaSS of $17A 0M0
water bonds to be issued in the name
of the Mayor and Aldermen of Jersey
City, signed by the Mayor and City Clerk
Registrar of the Water Works.
Resolved, That said Water Bonds shall
be dated January End, 1895, payable Jan
of 4 LIZ per cent. per annum, payable
semi-annually on the first days of July
and January.
Resolved, That a Sinking Fund be and
the same is hereby created to pay off
the principal of the $179, eco of said Wa
ter Bond hereby authorized to be is
by deducting from the collection of
water rents $4,000 per annum, said sum
to be placed in said sinking fund, and
so invested as to be available for the
they shall become due.
Resolved, That a circular be and is
hereby directed to be issued requesting
proposals for SITS, 900 refunded water
bonds hereby directed to be issued said
circular to be in form as hereto annexed
and copies of said circular mailed to
brokers bankers and others of Jersey
City, New York and other places
(Circular.0
JERSEY CITY GOLD BONDS.
Proposals for Bonds.
Interest Four and One-half Per Cent.
Per Annum.
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 the 9Th day of December, 1894,
publicly opened for the whole or any
part of
REFUNDED WATER BONDS.
Said bonds to be issued in accordance
with the provisions of an Act entitled
IAN Act authorizing cities to renew ma
turing bonds, approved March l6, lSsS.
January l, 1925, in< gold coin of the
United States of America and the interest
at the rate of four and one-half G12)
s~emi-annually IN the first days OF July,
and January of each year.
Proposals should be enclosed in a
sealed envelope and endorsed Proposals
for Bonds of Jersey city and handed
TO the Clerk of the Board of Finance
in open meeting, when called for at said
meeting to , held is n De sem aa + 1894 at |
certified check to the order of the City
Treasurer of Jersey City for two 90 per
cent of the par value of bonds bid for, the
amount of said check to be credited upon
said bid if accepted, and to be returned
forthwith, If not accepted.
Said bonds bear date of January "a, 1873,
and shall be delivered on that date.
BY the resolution passed by the Board
of Finance of Jersey City, October 4th,
1894, authorizing the issue Of these bonds,
a linking fund was also created for the
purpose of paying the principal of said
bonds when due.
The Board reserves the right to reject
any or AZ p IaSsa II e Gifu ior Tue oes'
on motion OF Mr.. Hardenburgh, the
Board then adjourned.
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