Perth Amboy evening news., 1903-07-22
AN ORDINANCE.
An Ordinance providing for an
issue of Water Bonds of the City
of Perth Amboy, New Jersey,
amounting to $50, 900.

M HEREAS, under and pursuant to the pro-
w visions of an act of the Legislature of
the State of New Jersey, entitled. IAN Act to
enable cities to supply the inhabitants thereof
with pure and wholesome water" approved
April 21st 1870, and acts amendatory thereof
and supplementary thereto, this Council has
heretofore determined to pui chase a water
main and lay the same from the stand pipe
near Runyon to the southerly side of Rari' an
river, and has determined that the cost of said
improvement will amount to the sum of eighty
Thousand ($So OOO), and
Whereas at a meeting Of Council held on May
18th 1903, it was resolved that Waite Bonds be
issued in the amouat of eighty thousand dol
lars (S80,000) to be dated July list, 1908, to
mature thirty years from their date bear in
terest at the rate OF four per cent. a per cent?
per annum, be issued and sold:by the City Treas
urer and Finance Com mittee to the highes
bidder, at either public or private sale, for the
purpose of providing for the cost of said i'm
provemen
Now, therefore, be it ordained by the City of
Perth Amboy as follows:
Sec. l. That for the purpose of providing for
the payment of purchasing and laying a water
main from the stand pipe near Runyon to the
sout 'erly side of Raritan River, the negotiable
bonds OF the City OF Perth Amboy. in the sum
|of eighty thoua dollars (S60.000) be issued
and sold, said bonds to be eighty (S0) in number,
numbered from one (D to eighty (S1) inclusive,
OF the demo nation of One Thousand Dollars
(Sl OOO) each. dated July 1st, 1903 10 become
due and payable July LIST, 1888, and bear interest
at the rate OF four per cent. "A per cent } per
annum, payable semi annually on the first days
of January and July, interest and principle
payable aC the office of the City Treasurer. Said
bonds shall be coupon in form, but may be con
verte Into registered bonds at the option of the
purchaser or holder in the manner provided by
law, Said bonds and coupons and the ceriifi-
cate for conversion into registered bonds to be
indorsed on the back thereof shall be substan-
tally in the following form:
No. United tates of America No
State of New Jersey
$1,000 State Coat of Arms al 600
City of Perth Amboy.
water Bond.
Know All Men by These Presents That the
City OF Perth AmboY, municipal corporation
in the County of Mddlesex, in the State of New
ersey, hereby acknowledges itself indebted and
promises to pay to the bearer hereof One Thou
sand Dollars in lawful money of the United
Stat. of America, at the Office of the CITY Treas
vrer In Perth Amboy, N. j.. on the first day of
July 1888, together with Interest thereon at
the rate OF four per cent. per annum payable at
the same place. on the first days of January and
July in each year. on the presentation and sur
render OF the coupons hereto attached as they
severally become due. This bond is one of se-
r1es of so bonds, numbered from to so both in
elusive, or ike date, amount and tenor and ma
turing at thelsame time, e,amounJing in the appre.
gate TO Eighty Thousand Dollars, ordered to be
raised by the issue of bonds for the purpose of
defraying the cost and expense for materia S
for and laying water main from the stand pine
near Runyon to the southerly side of Raritan
River, under and by authority of certain act
the Legislature of the State of New Jersey
entitled, IN Act to enable cities to supply the