The Jersey City news., 1906-01-15

CRY Comptroller.
;. Whereas. Jersey City Water A.1rte'
to the amount of sixty thousand dol-.,is.
heretofore lawfully issued BY the Mayoe
and Aldermen of Jersey City. under the
provisions of an act of the Legislature
government Of JERSEY City, passed
March 81 1871, will become due and
payable January 8, 1906; and
Whereas, This Board desires to renew
the entire amount of said indebtedness
by the issue Of Refunded Water Bonds,
to run for a fixed period and in accord
anee with an act entitled. An Act TO
authorize cities i'll this State to issue and
dispose of bonds, to take up and pay off
other bonds about to mature, 60 pay
which~,-- funds have been otherwise pro-
vided, approved March S. 1905; and
Whereas, No provision has been made
for he payment Of said bonds falling due
January 5, 1906;
Resolved, That this Board issue for the
renewal of said indebtedness Refunded
Water Bonds, to be issued i'll the name of
THE Mayor and Aldermen of Jersey
City, signed by the Mayor and attested
by the City Clerk of Jersey City and
countersigned by the Water Registrar.
Resolved, That said Refunded Water
Bonds shall be registered bonds in de-
nomination of $4,000 each, with the
privilege of the purchaser or holder of
said bonds to have them issued i'll such
denomination as any such purchaser or
holder may desire; said bonds Shall be
dated January 3, 1906, payable January
i, 1886, in gold coin of the United States
of America. of the present standard of
weight and flneness, and shall draw in
/ terest at a rate of four per cent. per an
mum, payable in like gold coin, payable
on the first day of January and July each
and every year until due, and shall con-
form in all other respects with the pro-
visions of said act.
| Resolved, That a sinking fund be and
the same is hereby created to pay off the
| Water Bonds hereby authorized to be
| issued under said act of March 8, 1905,
! by taking from the collection of water
rents 21a per cent. of the ISSUE said sum
! to be placed in said sinking fund and so
invested as to be available for the pay
ment of said Refunded Water Bonds
| when they snail become due.
funding Water oBnds this day ordered
issued shall be in the form as follows
(Form of Bond)
United States of America.
No. 1890. No. ......
State of New Jersey.
| The City of Jersey City.
Know all men by these presents, that
i
City" a municipal corporation of the
State of New Jersey, does hereby for
value received acknowledge itself to be
indebted and firmly bound unto.
........ .................o or assigns,
! IN the sum of. .......... dollars, gold
coin of the United States Of America, of
| the present standard of weight and fine
ness to be paid at the Office of the City
Treasurer oh Jersey City, on the...,....
day of. ........g..., ;, with interest there
on at the rate of four per cent. per an
mum, from. payable ln!ellke
! gold coin semi-annually on the first day
/ Oh every ....: -. anu ...... i.
hereafter until this bond is paid
/ This bond lis executed and is issued in
| conformity with a resolution passed for
that purpose November %, 1908, by the
Board of Finance of Jersey City, under
the act of the Legislature of New Jersey
entitled, IAN Act to authorize cities in
this State to issue and dispose of bonds,
to take up and pay off other bonds about
to mature, to pay which no funds have
been otherwise provided approved
! March s, 1905, and is transferable at the
| pleasure of the holder, either in person
or by attorney, only on the books of the
corporation at the Office of the City
Comptroller and the surrender of this
bond. X
This bond is exempt from taxation
/
Jersey.
In witness thereof this bond is signed
| by the Mayor of Jersey City, and sealed
with the corporate seal of the said 'sThe
Mayor and Aldermen of Jersey City," at
tested by the City Clerk and counter
signed by the Water Registrar, this
......... day of. ....... nineteen
.-.......,.s'sf.'....t..t.''.3.-;,....,.
CITY Clerk.
Countersigned:-
-.
Water Registrar.
5. Resolved, That the City Comp
troller be and he is hereby directed to
transfer the sum of 5000 from teachers
| salaries account to account of night
in accordance with resolution adopted by
said board November q, 1905.
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 Concurrent resolu-
| tions reported recommending the adop-
tion of the following resolutions
Resolved, That the Board of Finance
hereby concurs in the following resolu-
! tions adopted by the Board of Street and
! Water Commissioners, as follows, to wit:
A. Passed November 27, 1905. Re
solved, That the contract for sweeping,
cleaning and removing all dirt. ashes,
garbage, etc, from the streets of Jersey
City for the year beginning December /,
1905, in accordance with the specifca.
i tons on file in the Office of the Clerk of
this board, be and is hereby awarded to
Henry Byrne at 80 per cent. of the
standard, he being the lowest bidder. and
the Corporation Attorney be and is here
by directed to prepare and have executed
the necessary contract for the same.
b. Passed November 81, 1905. Re
solved, That contract for the furnish
ing of Illuminating material 40 lighting,
extinguishing. cleaning and repairing oil
street lamps in this city be and is hereby
awarded to American Street Lighting
/ Company for the term ending November
30, 1906, in accordance with specifica-
tons heretofore submitted by the Chief
Engineer and adopted and approved, at
the price named in the proposal of said
/ company, submitted on the 9th day of
November, 1905. to witt
i For each lamp monthly the contractor
to pay the cost of reglazing, $2.18. it
i being the lowest bidder; it being express
1 " stipulated that this award of contract
| is on the hasis of 800 lamps andt hat no
others shall be added at any time during
the period of the contract, nor shall be
liable for payment Of any additional
lamps unless it be by virtue of resolu-
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