The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-10-31
MONEY TO LOAN


| NOTICE 70 WAREHoUSEMEN, TERMINAL
Companies, Capitalists, etc. ETC..
ers Of Jersey City will receive proposals on
Tuesday, October 31st, 1893. at 2 o'clock P. NJ.
IMPROVEMENT AND OCCUPANCY OF
THAT PROPERTY COMMONLY KNOWN
AS THE SOUTH COVE GRANT,"
under conditions hereinafter noted
l. At least ~one-third Of the area of the said
Improvement acquiesced in by this T:oard, be
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
q No proposition will be entertained which
than twenty-five years, but the city, at the
expiration of such time, may renew a lease
hold for a like or lesser term. on a basis then
3. At least one-third Of that area Of the
property, which after improvement is not flow
ed by tide water, shall be set apart by the
Iessees for the free use of the city and in such
manner as this Board may determine, and all
propositions and plans and drawings submitted
must define the portion so set apart, and in
gress and egress thereto is to be free and I'M
trammeled for the use of the city or its agents.
ferred to, which after Improvement shall be
flowed by tidewater is to be used by the city
lions as may be mutually agreed upon prior to
contract.
s. ~contemplative lessees must submit explicit
propositions and plans and drawings Of suffi-
Gent detail to be readily comprehended, and
must hold themselves in readiness to amplify
such plans and drawings If the Board so de-
sires.
6. The lessee shall, during the term Of his
Ieaseheld. maintain in good condition, without
improvements made by him, and upon the ter
miration OF such leasehold the said improve
ments and all Of them shall thereupon become
A map Of the properly may be seen at the
office Of the Chief Engineer. City Hall. Jersey
Propositions must be accompanied by a GER
titled check of five thousand dollars 65, 000) as
4 guarantee of good faith, or by a bond in like
amount Of some surety company authorized 10
do business in the State Of New Jersey.
The successful bidder will be required TO en-
ter into a bond of fifty thousand dollars $780,
00W, conditioned on the faithful completion OF
contract.
pletion of whatever Improvement may be COM
pretended therein.
Parties making deposit of the five thousand
dollars (5, 00o) as a guarantee Of good faith
may also submit proposals for the improve
ment and partial occupancy OF the grant. based
on lines other than those covered by the con-
ditions afore enumerated.
Proposals must be enclosed and sealed, d.
rected to Mr.. Geo. T. Bouton. CLERK" and
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 Z. Chapter 1874 of the Laws of 1891,
under the terms whereof no contract shall be
binding upon the city, or become effective or
operative until the bonds offered by the con-
tractor have been approved as to sufficiency
bv this Board and as to form by the Corpora
tion Counsel, the President of this Board hav-
ing the power to examine the proposed bonds
men under oath.
Additional may be had of the
Clerk Of the Board or of the Chief Engineer,
Al the city Hall, Jersey City, where copies
NAV be obtained Of the opinion Of the Corpora
ton Counsel as to the power of the Board in
By order Of the Board Of Street and Water
Commissioners.
Clerk.