The Jersey City news., 1904-05-05
BOARD OF FINANCE COMMIS-
SIONERS.
(Official Proceedings)
(Continued.)

|, REr9poaals should be enclosed in aAseal-
1 ed envelope and endorsed, Proposal for
Refunded General Bonds Of Jersey City, .
and handed to the Clerk OF the Board Of
Finance, IN open meeting, when called.
FOR at said meeting, to be held Wednes
NJ. in the City Halt
Each bid must be accompanied by a
certified check to the order OF the City
treasurer of Jersey City for two ~ per
cent. or the par value of the bonds bid
for the amount OF said check to be
credited upon and accepted, and TO be re-
turned forthwith if not accepted.
Said bonds will bear date of April 1,
i904, and shah be delivered on April II,
lS04, the purchaser paving accrued inter
est on the bonds to the day of delivery.
BY resolution passed by the Board of
Finance, March 8, 1904, authorizing the
issue of these bonds, sinking fund was
he as0 eFssfea fSr e. es J purpose q psyng
The Board reserves The right to reject
any or all bids ii deemed for the best in
terest Of Jersey City.
By order of the Board Of Finance.
5-Whereas, Water bonds to the
amount of $3.50. 900, heretofore legally is
sued By The Mayor and Aldermen of
Act of the Legislature Of New Jersey,
entitled An Act to reerganiEe the local
government Of Jersey City, passed
March 81, 1871, being authorized by Sec
tions No. 155 and 131 of said act, be-
came due and payable January 2, 1904,
and
Whereas, This Board issued on Jauu-
airy 2, 1904, temporary bonds in accord
ance with Chapter 8, Printed Laws
1892, page 10, to the amount Of $780,
VuO, the proceeds Of which have been
used in the payment of said water bonds
as presented: and
Whereas, This Board desires to renew
al OF said indebtedness Of $3.50, COO by
the issue of water bonds to run for a FIX
ed period, in accordance with an act en-
titled An Act authorizing cities to re-
new maturing bonds" approved March
Resolved. That this Board issue for
the renewal of said indebtedness of
$4,000 water bonds. to be is
and Aldermen Of Jersey City, signed
by the Mayor and City Clerk Of Jersey
City, and countersigned by the Regis
traT of the Water Works.
Resolved, That said water bonds shall
be dated April !, 1904, payable April
i; 1884, in gold coin of the United States
OF Of, Amerlca an ct the present standard of
weight and hneness, and shall draw in
terest att be- rate Of 4 per cent. per
annum, payable in like gold coin and
shall have ceupens attached for every
half years interest payable on the first
days Of April and October Of each and
every year until due. or may be register
ed ct the option Of the holder, and shall
conform in all other respects to the pro-
visions Of said act;
Resolved, That sinking fund be and
is hereby created to pay off the principal
OF the $16o,0QO of said water bonds
hereby authorized to be issued under
said act of March 4, 1902, by deduct
ing from the collection of water rents
zh per cent OF the issue, said sum to
be placed in the sinking fund.- and so in
vested as to be available for the pay
ment of said new water bonds. when
they shall become due;
Resolved, That a circular be and is
hereby directed to be issued requesting
proposals for $250,0o0 refunded water
bonds. hereby directed to be issued. said
ed, and copies of said circular mailed to
brokers, bankers and others of Jersey
City, New York and other places.
Circular. jersey City gold bonds.
Proposals for bonds. Interest four per
cent. per annum. Bonds exempt from
taxa tion.
Sealed proposals win be received by
the Board of Finance Of Jersey CITY.
at their meeting to be held in the CITY
Hall on the 18th day Of March. 1904.
at three o'clock p. NJ, when thew will
be publicly opened for the whole or any
part of $250,000 refunded water bonds.
Coupon bonds.l
Said bonds to be issued in accordance
with the provisions of an act entitled
An act authorizing cities to renew ma
turing bondzs' approved March 4, 1904.
The principal of said bonds is payable
April /, 1884, in gold coin of the United
States of America of the present stand
ard of weight and fineness, and the inter-
owneryear, o, ,tothes4ohe wr emfwyp mf Ialf
per annum is payable in gold semi-annu-
ally on the first days of April and Octob-
er of each year
Proposals should be enclosed in. a seal
ed envelope and endorsed, Proposals for
Refunded Water Bonds Of Jersey City,"
and handed to the clerk of the Board Of
Finance, in open meeting, when called
for at said meeting to be held Wednes-
day, March Is. 1904. at three 90 O'Clock,
p. M. in the City Hall.
Each bid must be accompanied by a
certified check to the order of the City
Treasurer of Jersey City for two (2) per
cent. of the par value of the bonds for,
the amount Of said check to be credited
upon said bid if accepted. and to be re
turned forthwith if not accepted
Said Bonds will bear date Of April 1,
1904, and shall be delivered on April II,
1904. the purchaser paying accrued in
terest on the bonds to the day Of deliv-
cry.
BY resolution passed by the Board of
Finance, March 3, 1904, authorizing the
issue of these bonds, a sinking fund was
also created for the purpose Of paying
the principal Of said bonds when due.
The Board reserves the right to reject
any or all bids if deemed for the best in
teest Of Jersey City.
BY oder of the Board of Finance.
The above resolutions We're received
and adopted by vote of all the members
present on the call for the ayes and noes
by the President.
The Committee on Salaries and Claims
reported recommending the adoption Of
the following resolution -
Resolved. That warrants be ordered
drawn on the City Treasurer in payment
of the following claims:-
Samuel Elvis. fo services, public baths.
Feb. 1904. 1904, $50.
Peter Barden for services, public baths
Feb. 1904. $4,000
(Charge Public Bath Account)
Frank H. Hall for drawing absolute
deed
Charge Martin Act Account.)
l. It. Goldenhorn for February ex-
penses. Assistant Corporation Attorney.
$20.75; Alfred Hargen. for February
services Collectors ofice, 500; Joseph
Calvin for Fphrl,ary aArvinns (sollec-.