Perth Amboy evening news., 1910-05-25
SOUTH AMBOY
DISPOSE OF
BONDS LATER
Special to the EVENING NEWS.

MesSrS. Berrian, CampiOn, Manhat-
tan and Stanton, also Clerk Fulton,
Counsellor Pearse and City Engineer
Mason.
The clerk read applications for
the transfer of the license of Edward
O'Leary to John Korka and of the
license OF John Korka to William
Helie. They were granted.
Mr.. Pearse: 'tThe main object of
this meeting was with reference to
issuance of bonds for the payment
of construction of the sewers. 1
have considered the matter from
every standpoint and it seems to me
1t would be unwise for us at this
time to amend our ordinance which
provides that bonds shall be issued
at the rate of four per cent per
annum. According to inquiries which
have made the only reason why
these bonds were not sold was that
the bond market Is flooded at this
time. We must remember that this
Is only a part of the issue which we
propose to make and If we issue our
bonds at the rate of " per cent. ii
will create a precedent which we
will not be able to overcome and /
would suggest as the best way out
Of the difficulty that we should au-
thorize the finance committee to
borrow sufficient money at this time
ON short time notes at Ave per cent.
to pay for the work as 1t progresses
and the various charges in connec-
tion with the work and let us wait
a while and see whether we cannot
sell our bonds at 4 per cent"
Mr.. Berrian said he thought the
money could be borrowed at 4 per
cent. A resolution was adopted that
the finance committee be authorized
to borrow money to the extent Of
$4,000 upon such favorable terms as
they may be able to arrange not ex-
ceeding per cent.
Mr. Campion brought up the re-
quest of Mr.. Hyer for a 260 foot ex-
tension of the water main from
Prospect street to his property
Upon motion of Mr. Berrian the
water commissioner was authorized
to make the extension.
Mr.. Pearse reported the contract
with the Gamewell Fire Alarm Com
pRny for AN auxiliary alarm ON the
p. r. r.. shop had been forwarded
for execution on part of the fire
alarm company. He also reported
receiving word that the United
States circuit court has fixed June
for the hearing in the case of the
Susduehanna Coal Company against
the city of South Amboy
A resolution by Mr.. Berrian that
the water commissioner be author
ICED to extend the four-inch water
main from George street through
property owned by the N. Y 6 L.
B. r. R. to point on Bordentown
avenue, also across the bridge of the
N. Y. & l.. B. r. R. and thence
through mains of sufficient size to
ameliorate the present conditions
existing from the lack of water
pressure, was adopted.
Mr.. Manhattan brought up the
question of extension of water main
through Davis's lane SO as to supply
residents of MaxvilIe City Engineer
Mason stated he had submitted to
the mayor the solution of the diff
Guilty and in that communication |
stated that when the improvements |
were completed in the Perth Amboy |
plant and new engines installed |
there would be no more difficulty in |
but in addition the eight
inch main across Conlogue's lane |
should be laid to insure good sup |
ply of water through the town. He
has received instructions from some |
Of the gentlemen of the council to |
prepare plans and specifications and |
will have them ready at the next |
Under new business Clerk Fulton |
brought up the matter of property
owners connecting with the sewer.
Mr.. Pearse stated that such matters
would be covered by the ordinance
which was being prepared.
Mr. Manhattan stated they had
some gentlemen from Morgan
Heights present and would be glad |
to hear from them.
Mr.. Robinson stated that the city
Of Perth Amboy would, with the
agreement of South Amboy, lay for
them water pipes to Morgan Heights.
After discussing the matter Mr..
Crawford, of the Morgan Heights
stated there were three
"One, that we lay the I
main If South Amboy will supply us
With water; the other that South
Amboy lay the main under an agree
nent with US, or that Perth AmbOy
ay the main under an agreement
HlIH OouLH AmDOy. lneS0 are Jnree
we would like you to
consider. OF course. Sayreville would
nave to be consulted in the matter.
L we lay the main we do not want
% be In the position of having
,Ryreyille tax us for the value of
hat main IL we possibly can help II.
There is another method ofaapplying
% the state commission to secure
yater.s
Mr.. Crawford further remarked
here were about seventy acres they
lad under development that, If they
an get water. will mean from fif-
cen to twenty houses being built in !
he next two years: that bids were
III confined to South Amboy and the
unemployed given labor, that they
'atronize the city of South Amboy,
hat Sayreville was afraid they would
e annexed to South Amboy and /
hat he thought they would next /
ear. lf
The matter was referred to the Z
yater committee for conference
nth the mayor at some convenient If
ate at which the Morgan Heights t
representatives. might be present. Ii
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