Perth Amboy evening news., 1903-07-29
AN ORDINANCE.
An Ordinance providing for an
issue of Water Bonds of the City
of Perth Amboy, New Jersey,
amounting to $50, 900.

WTHEREAS, under and pursuant to the pro-
w visions of an act of the Legislature of
enable cities to supply the inhabitants thereof
with pure and wholesome water" approved
April 2lst, 1876, and acts amendatory thereof
and supplementary thereto, this Council has
heretofore determined to pun chase water
main and lay the same from the stand pipe
near Runyon to the southery side of Rari an
River, and has determined that the cost Of said
improvement will amount to the sum of eighty
thousand (SS 0OO), and
whereas at a meeting # Council held on May
18th lve3, it was resolved that Waite Bonds be
issued in the amouat of eighty thousand dol
lars (S3o,000) TO be dated July list, 1908, to
m ature thirty years from their date, bear in
terest at the ra e of four per cent a per cent?
per annum, be issued and sJld,by the City Treas
urer and Finance ComHittee to the highes
bidder, at either public or private sale, for the
purpose OF providing for the cost of said i'm
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
soutnerly side of Raritan River, the negotiable
bonds of the City of Perth Amboy, in the sum
of eighty thou and dollars (S80.000) be issued
and sold, said bonds to be eighty (S0) in number,
numbered from one (1) to eighty (S1) inclusive,
Of the demo nation of One Thousand Dollars
Isl 000) each, dated July 1st, 1908. 20 become
due and payable July Is 1893, and bear interest
at the rate OF four per cent. "a per cent per
annum, payable semi annually on the first days
payable at the office of the City Treasurer Said
bonds shall be coupon in form, but may be con
verte into registered bonds ut the option of the
purchaser or holder in the manner provided by
law, Said bonds and coupons and the cerlif-
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.
81 900 State Coat of Arms, 81 900
City of Perth Amboy.
Water Bond
Know All Men by These Presents That the
City of Perth Amboy, a municipal corp )ration
in the County of Middlesex, in the State of New
Jersey, hereby acknowledges itself indebted and
promises to pay to the bearer hereof, One Thou
sand Dollars in lawful money of the United
Stats 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 a Sc
ries of so bonds numbered from to so both in
elusive, of like date, amount and tenor, and ma .
turing at thelsame time, amounting in the aggre-
gate to Eighty Thousand Dollars, ordered to be
raised by the issue of bonds for the purpose of
defraying the cost and expense for materials
for and laying water main from the stand pipe
near Runyon to the southerly side of Raritan
River, under and by authority of a certain act
Of the Legislature of the State of New jersey,
entitled, "An Act to enable cities to supply the
inhabitants thereof with pure and wholesome
water" approved April 21st A, d, 1876, and of
any supplement or supplements thereto, and
also under and by virtue of proceedings of the
Common Council of said City, duly passed for
that purpose, and approved by the Mayor of
said City.
1t is hereby certified that all conditions acts
and things essantial the val dity of this bond.
exist, have happened and have been done, and
that every requirement. of law affecting the
issue thereof has been duly complied with and
that this bond is within every debt nd other
limit prescribed by the Constitution and Laws
If said State; and that the faith and credit of
the City of Perth Amboy are hereby irrevocab
ly pledged to the punctual payment of the
pr ncipal and interest of this bond according to
its terms.
In Witness whereof, The City Perth Amb0y
has caused this bond to be signed by its Mayor
and the corpo ate seal of said City to be aft sed
hereto and attested by the Clerk of said City,
and the couponshereto a. nexed to be exc uted
by the facsimile signature of its Treasurer, on
this first day Of July, 1905,
80 '..-'.'.... $4,000