The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-04-20
HOARD OF FINANCE.
UEFTCIAL FHUCEEI
Continued,


| COUttAttetts
By Mr.. BedeIl:-
Resolved, That a warrant be drawn on tne
City Treasurer in favor of Randolph.
Condict and Black, attorneys for the Pleas
ant Home Company for the sum Of four dol.
lars and twelve cents ($4.12, for taxes paid
in error by the said Pleasant Home Com.
pany, on lot R, blocks seven hundred and
twenty-one f721 and seven hundred and
twenty-three f723) West Side avenue, fol
the year eighteen hundred and ninety-three,
the taxes due on said lot having been paid
| by the owner thereof December Is, 1898.
This resolution being also pursuant to an
agreement contained in afidavits of Nellie
Higgins and ]. Fl. Cubberly, Secretary OF
the Pleasant Home Company, filed with this
| Board March 16. 1894.
By Mr.. Bedell:-
Whereas, Assessment bonds to the amount
of $500, 900, heretofore legally issued by the
Mayor and Aldermen of Jersey City as a
municipal corporation under the provisions
of Sections $50 and 1856, of an Act of the
Legislature of the State of New Jersey, en-.
| titled, "An Act to ~reorganize the local
| Government of Jersey City, passed March
| 81, 1871, and in accordance with Section Is
of a supplement- thereto, passed March 81,
1874, will become due and payable June l,
1894; and,
Whereas, Assessment bonds to the amount
Of 500, 00o, heretofore legally issued under
1 II plONlSlOuS VI OcCtlOu lSO VI NuG calQ <1Cl
| Of March 81, 1871, will also become due and
payable june /, 1894; and,
| Whereas, This Board desires to renew said
bonds, amounting to S600,000, SO falling due
by the issuing Of Assessment bonds, in ac-
cordance with the provisions of An Act en-
titled, "An act authorizing cities to renew
maturing bonds" approved March 16, 1888
therefore,
Resolved, That this Board issue, for the
renewal Of said indebtedness amounting tc
100000, assessment bonds to be issued in the
name of the Mayor and Aldermen of Jersey
City, signed by the Mayor and City Clerk
of Jersey City and countersigned by the
City Comptroller.
Resolved, That said assessment bonds shall
be dated May !, 1894. payable May l, 1924, in
| gold coin of the United States of America OF
| the present standard of weight and ~fineness,
with interest at the rate of 5 per cent. per
annum, payable s~emi-annually in like gold
coin, on the first days of November and
May.
Resolved. That said assessment bonds here
| by authorized to be issued under said act of
March 16, 1898, 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 and accrued interest.
Resolved, That a sinking fund be and the
same Is hereby created to pay of the princi-
! pal of said 100000 Of assessment bonds
hereby authorized to be issued under said
Act Of March 16, 1898, by inserting in the
! tax levy each year the sum of SIP, 600, said
sum to be placed In said sinking fund, and
| so invested as to be available for the pay
ment of said new assessment bonds when
they shall become due.
and he is hereby directed to issue a circular
requesting proposals for $500, 900 of assess
ment 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.]
JERSEY CITY GOLD BONDS.
PROPOSALS FOR BONDS.
Interest Five 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
day, April 30th, 1894, at two O'Clock P. NJ,
when they viii be publicly opened for the
whole or any part of
ASSESSMENT BofDs.
Said bonds to be issued in accordance with
the provisions of an Act entitled IAN Act
authorizing cities to renew maturing bonds, y
approved March 10th, 1893.
The Principal of said Bonds is Payable
Via i II loNt, sEraE -
in gold coin of the United States of America
and the interest at the rate of five @ per
cent. per annum is payable in gold semi
annually on the first days of November and
May of each year. Proposals should be en-
closed 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 be held April 80, 1894, at two
| o'clock P. M. in the City Hall.
Each bid must be accompanied by a certi-
fed check to the order Of the City Treasurer
of Jersey City for two a. per cent. of the
par value of bonds bid for, the amount Of
| said check to be credited upon said bid il
accepted, and to be returned forthwith if no.
accepted
Said bonds bear date Of May /, 1894, and
| shall be delivered May 90, 1894.
By the resolution passed by the Board OF
Finance of Jersey City, April IL, 1894, au,
thorizing the issue of these bonds, a sinking
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 all bids if deemed for the best interests OF
Jersey City.
On motion of Mr.. Bedell, the Board then
adjourned.
MARTIN FINCH,