Perth Amboy evening news., 1910-09-28
To VOTE AGAIN
ON BOND ISSUE
South Annoy Citizens to
Again Pass on the
Sewer Matter.
AT 5 PER CENT INTEREST
Special to the EVENING NEWS.

sDecial to the EVENING NEWS.
South Amboy, Sept. 28:-There
were present at the adjourned meet
Ing of the common council last even
ing Messrs. Berrian, Campion, Man
haitian and Stanton, also Clerk
Fulton and Counsellor Pearse.
The first order of business was the
Introduction by Mr.. Berrian of an
ordinance providing for the issue of
bonds for constructing a general
system of sanitary sewers and regu-
lating the issue of the bonds. The
sun of the bonds to be issued were
100000 in bonds $4,000 each, to
bear interest at the rate not exceed
Ing s per cent. per annum, the rate to
be determined by resolution or other
wise. The matter is to be decided by
vote at the next general election. 1t
vas continued on first reading.
Mr.. Pearse: Il might say on be-
half of the council, as l think some
explanation of this ordinance is
necessary, that this is practically the
same authorization which we sought
last yea at this time. The reason
why the question is submitted again
to the public is because we find as
0 all know that we were unable to
sell our bonds at the rate of 4 per
cent, as prescribed in the ordinance,
The question which was submitted
to the people was as to whether or
not We should have the right to issue
100000 worth of bonds at 4 per
cent; therefore l feel that the valid
tty of any bonds which We might
issue increasing that rate and not OBJ
tanning the consent of the people
would perhaps be questioned. 1t
was therefore deemed wise to submit
the whole question over, again for
their consideration and get the pro-
per authority without any question.
it seems too bad this subject has to
be taken up all over again and the
question submitted, but it was
through no fault of the council; the
trouble was with the financial mar
Ret over which we have no control.
AT the time the rate was fixed at a
per cent. there were municipal bonds
being sold at that rate and we
thought we could sell ours, but when
the time came to dispose of them we
found that b~ondsscould not be sold
at that rate
Resolution by Mr.. Berrian as fol-
lows was adopted: "Resolved, that
the sum of $3.50 be appropriated
for the purpose of paying public
dock bonds and interest due October
i, 1910"
Upon motion of Mr.. Campion the
clerk was instructed to communicate
with the electric light company in
regard to moving poles on Cedar and
Feltus streets and that all bills ow-
Ing them be held up until the poles
were moved.
Mr.. Stanton made a motion that
the plans for the second section of
1.-The sanitary sewers as submitted to
the council by the city engineer at
the last regular meeting be approved.
Carried.
Mr.. Stanton: 1.-THE matter of con-
nections with the sewers was re-
ferred to the committee on sewers
at the last meeting and the commit
tee deem it advisable to advertise for
bids to connect to the main sewer,
for which reason l Introduce the fol-
lowing resolution: Resolved, that
the clerk be and he is hereby direct
ed to advertise for bids for the con-
struction of 10000 feet, more or
less, of the six-inch sewer for house
connection with the main sewers to
be laid as and when the council shall
direct" 1t was adopted.
Mr.. Berrian moved that the adj
v-ertisement be placed in the South
Amboy Citizen and the Perth Amboy
EVENING NEWS. Carried.