The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-10-27
MONEY TO loan

NOTICE 10 WAREHOusEMEN. TERMINAL
Companies, Capitalists. etc. etc.
The Board Of Street and Water Commission
ers of Jersey City will receive proposals on
Tuesday, october slst, 1898. at 2 o'clock P. NJ.
IMPRovEMENr AND OCCUPANCY OF
THAT PROPERTY COMMONLY KNOWN
AS IT SOUTH COVE GRANT"
under conditions hereinafter noted
i. Al least one-third Of the area Of the said
property must, after the completion Of any
Improvement acquiesced in by this I.oard, he
for such vessels as the citizens or inhabitants
Of this city or persons doing business therein
may, under the control and regulation Of this
Board, desire to use such basin.
2 No proposition will be entertained which
contemplates an occupancy for a longer period
than twenty-five years. but the city. at the
expiration of such time, may renew a leases
hold for a like or lesser term. on a basis then
to be agreed upon.
property, which after Improvement is not flow
ed by tide water, shall be set apart by the
lesseesefor the free use of the city and in such
manner as this Board may determine, and all
propositions and plans and drawings suhmitted
must define the portion so set apart, and in
gress and egress thereto is to be free and un-
tranlineled for the use of the city or its agents.
A. The third Of the property. heretofore re-
ferred to, which after improvement shall be
flowed by ~tidewater, is to be used by the city
in common with the lessee. under such condi-
tons as may be mutually agreed upon prior to
contract
5. ~Contemplative lessees must submit explicit
propositions and plans and drawings of suffi-
Gent 1etail to be readily c0mprehendedt and
must hold themselves in readiness to amplify
such plans and drawings if the Board so de-
sires.
s. The lessee shall, during the term Of his
leasehoid, maintain in good condition., without
rebate and without cost to the city, all the
improvements made by him, and upon the ter
mlnatioa 81 such leasehold the said improve
ments and all Of them snail thereupon become
the property Of the city.
A map Of the property may be seen at the
Office q the Chief Engineer, City Hail. jersey
City, N. J.
Propositions must be accompanied by g GER
tilted check of five thousand dollars $4,000 as
a guarantee Of good faith, or by a bond in like
amount of some surety company authorized 20
do business in the State of New Jersey.
The successful bidder will be required to en-
ter into a bond of fifty thousand dollars $50.
0OOl, conditioned on the faithful completion OF
contract.
Proposals must state a time for the COM
pletion of whatever Improvement may be COM
pretended therein.
dollars ts5, 5000 as a guarantee Of good faith
may also submit proposals TOT the improve,
ment and partial occupancy of the grant. tassd
on lines other than those covered by the con-
diticns afore enumerated.
reefed to rMr. Geo. I. Bouton, Clerk, and
| handed to that officer in open meeting when
called for in. the order Of business relating to
sealed proposals.
The Board reserves the right TO reject any
or all proposals.
The attention Of bidders Is especially called
TO Section 7, Chapter 1874 of the Laws OF 1881.
| under the terms whereof no contract shall be
binding upon the city, or become effective Of
| operative until the bonds offered by the con-
tractor have been approved as to suficiency
BY this Board and as to form by the Corpora
ton Counsel, the President OF this Board hav-
ing the power TO examine ene p1opossa Dohus
men under oath.
Additional information may be had Of the
| clerk az the Board or Of the Chief Engineer,
At the city Hall, Jersey City, where copies
may be obtained of the opinion Of the Corpora
zion Counsel as to the power OF the Board IN
'h By order Il the Board Of Street and Water
commissioners GEO. T. BoUToN.
Clerk.