The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-12-09
FINANCIAL TIE-UP.
Mayor Hoos Once More En-
deaVors to Block Martin
Act Operations.
VETO FOR A BOND ISSUE.
Outcome of the November Tax Sale
Board of Finance
Routine.
VETO FOR A BOND ISSUE.

Mayor Hoos sent a veto the Board or
Finance last night which certainly sur
prised the commissioners and may be IN
teresting to intending purchasers OF
property at sales under the Martin Act.
The veto was as follows:-
Jersey City, Dec. 2, 1897.
To the Honorable Board of Finance
Gentlemen-I herewith return to your
honorable Board, without my approval,
the resolution adopted at your meeting
held November II, 1897, wherein your
Committee on Finance is authorized to
borrow $27, 1928 on bonds to be issued in
anticipation of the redemption of lands
bought by the Mayor and Aldermen OF
Jersey City, at the sale OF the city Col
lector made November l, 1897, of lands
for unpaid adjusted taxes, assessments
and water rents; said bonds to be payable
at the option OF the city, with interest al
the rate of 496 per annum, payable with
the bonds, and the proceeds to be ap-
piled for the certificates OF sale OF tne
property purchased by the Mayor ana
Aldermen at said sales, etc.
1 cannot approve of the practice OF
issuing bonds for property purchased by
the city at tax sales. 1t is so purchased
because private parties are not wiling 70
pay the liens, for which the property IS
sold. To make the purchase by the CRY
basis for increasing our bonded dept
is not in my opinion commemorate. II
the law does not compel this course, and
/ am advised that it does not, it seems
the better policy would be to let the pur-
chase stand without further action until.
the time comes for absolute sale. Resolu-
tions of this kind are but the first step
toward the issue of "subsequent tax
bonds,'' concerning which I have already
communicated my views to your Board
Yours respectfully,
EDWARD HOOS,
Under the rule this will go over for two
weeks.
The payrolls for November for employees
laying water pipe, s3.16S.5O. and for the
General Superintendent and Water De-
partment employees, amounting to s1,411.
were concurred in. But not those for the
employees at Belleville, for the reason that
the salaries of Peter Cosgrove, overseer
of machinery, and ]. Mccarthy. assistant
oyerseer. whose names appear on the pay
rolls, were not concurred in by the Board
of Finance as the law commands.
w. o. Stivers, the ex-engineer OF High
Service, will get his back pay
The Board then concurred in the foliow--
ing awards of contracts by the Street ana
Water Board:-P. H. Flaherty, Sambrldse
avenue Improvement, $3.50; T. r. McCabe,
Orient avenue Improvement. s., 33S. 80; Jas.
Mannix, Poplar street Improvement from
Boulevard to Nelson avenue, S2, 400 "A; r
h Flaherty, Poplar street improvement,
Central avenue to Boulevard, S4 4SS.S5; r.
W. Conlon, Graham street sewer, 20
299. .6S; H. Cunningham. Crescent avenue I'M
provement 81, ,105; E. w. Conlon, Nuhud
avenue sewer, 81, 1896
A letter from Clerk Woolley of the
Beard of Freebooters asking for S2uo
special election fees. was referred to the
Corporation Council.
A warrant was ordered drawn to the
County Collector for $l24 54S,o9, on account
S524,54S.59, a nice little sum for the Free
hooters to daily with. =
Commissioner Bailey of the Finance
ordering warrants to the Sinking Fund
Commissioners for s157, 500 on account OF
bonds falling due,
ton ordering the advertisement for the
sale of $4,000, 600 of bonds to meet the tenn,
porary loan bonds. This was agreed
upon at the last meeting. The plate for
the engraving will cost about $495. An
adjournment was taken until next week.