Perth Amboy evening news., 1906-04-20
AN ORDINANCE.
An Ordinance Providing for An Issue
of Water Bonds of the City OF
Perth Amboy. New Jersey
mounti TO 500 600.

IFfIn hHnbtfs WV "'h"
Amounting to S1OO,OOo.
Whereas, under and pursuant 10
the provisions of an act of the Legis-
lature of New Jersey entitled An act
TO enable cities to supply the inhabi-
tants thereof with pure and whole
some water" approved April twenty
first, one thousand eight hundred n
seventv-siX, and acts amendatOrY
thereof and supplemental thereto, the
Board of Water Commissioners of the
City of Perth Amboy, appointed I'M
der and by virture Of the provisions
of an act of said Legislature entitled
AN Act to provide for the appoint
ment of Water Commissioners in GER
tain cities of this State approved
April eighth, one thousand nine hun
dred and three. has determined to
purchase and install a new pump at
Runyon Station. and for the purpose
of d~efraying all the expenses and the
cost of such other lands, buildings or
water privileges. as shall be purchas-
ed or taken for the purposes of this
act; and for the extension of the
Ground Storage Water Sytem; for the
purchase of materials. the laying of
pipes and mains in the said city, and
constructing all work necessary for
the full accomplishment thereof, and
of all expenses incidental thereto.
For the water works of said City to
the amount of One Hundred Thou
sand Dollars.
Be it ordained by the City of Perth
Amboy:
Section !. That for the purpose of
providing for the payment for said
pump and for the purpose of defray-
ing all the expenses. and the cost of
such other lands, buildings or water
privileges, as shall be purchased or
taken for the purposes of this act,
and for the extension OF the Ground
Storage Water System. for the pur-
chase of materials, the laying of pipes
and mains in the said City, and con-
structing all work necessary for the
full accomplishment thereof, and of
all expenses incidental thereto: for
the water works contemplated by the
Board of Water Commissioners of the
City of Perth Amboy. the negotiable
Bonds of the City of Perth Amboy, in
the sum of one hundred thousand dol
lars be issued and sold, said bonds to
be 100 in number, numbered from
236 to 335 inclusive, in the denomi-
nation of One Thousand Dollars t$1,-
OOOl each, dated May LIST, 1906. to
become due and payable on the first
day of May, 1886, and to bear in
terest at the rate of four per centum
per annum, payable semi-annually
on the first days of May and Novem-
Der in each year, interest and princi-
nal payable at the Office of the City
Treasurer of said City.
Said bonds shall be coupon in form,
but may be converted into registered
bonds at the option of the purchaser
or holder in the name provided by
law. Said bonds and coupons and the
certificate for conversion into regis
tered bonds to be endorsed on the
back thereof, shall be substantially in
the following form:
No. United States of America No.
State of New Jersey
$1,000 State Coat of Arms $1,000
City of Perth Amboy
Water Bonds.
Know all men by these presents:
That the City of Perth Amboy, a mu-
nicipal corporation in the County OF
! Middlesex, in the State of New Jer-
sey, hereby acknowledges itself in
1 debted and promises to pay to the
bearer hereof, One Thousand Dollars
in lawful money of the United States
of America, at the office of the City
Treasurer in Perth Amboy, New Jer-
sew. on the first day of May, 1885, to-
gether with interest thereon at the
rate of four per cent. per annum, pay
able at the same place. on the first
DAYS of May and November of
each year. on the presentation and
surrender of the coupons hereto at
! tached as they severally become due.
This bond is one of a series of one
hundred bonds. numbered from 2S6
TO 33j, both inclusive, of like date,
amount and tenor, and maturing at
he same time. amounting in aggre-
gate TO One Hundred Thousand Dol
lars. ordered to be raised by the issue
of bonds for the purpose of defraying
the cost and expense for furnishing
and installing a new pump and other
I improvements TO the City Water
Works. contemplated by the Board of
Water Commissioners OF the City OF
Perth Amboy, under and by author
ity of a certain act OF the Legislature
of the State of New Jersey, entitled
An act to enable cities to supply the
inndhltantS Thereon With pure anu
wholesome water" approved April
81, A. d. 1876, and of any supple
ment or supplements thereto. and al
so under and by virtue of proceed
ings of the Board of Water Commits
sioners of the City of Perth Amboy
and the Council of said City, duly
passed for that purpose, and approx
ed by the Mayor OF said City.
1t is hereby certified that all con
ditions. acts and things essential TO
the validity of this bond exist, have
happened and have been done and
that every requirement of law affect
ing the issue thereof has been duly
complied with, and that this bond is
within every debt and other limit
prescribed by the Constitution and
Laws of this State, and that the faith
and credit of the City of Perth Am
bov are hereby irrevocably pledged
to the punctual payment of the prin-
cipal and interest of this Bond ac-
cording TO its terms.
In witness whereof, the City of
Perth AmbOy has caused this Bond TO