Perth Amboy evening news., 1911-10-30
AN ORDINANCE.
To Authorize the Tssusna of Bonds for
the Purpose OF 0btsfnfng Money
From the Sale Thereof for the Per-
manent improvement of the
Streets and Highways In the
City OF Perth Amboy with

! N6C purpose OK oDt&anfnK Money
From the Sale Thereof for the Per-
Streets and Highways Ia the
City of Perth Amboy With
Permanent md Durable
Material.
Whereas, ordinances have been here
tofore duly adopted, approved and pub
lished~ providing for the permanent i'm
lprovement OF Certain streets Of the
City of Perth Amboy with permanent
and ~durable~ material, and
Whereas, In particular, ordinances
have been adopted for the paving of
Fayette street from State street to New
Brunswick avenue with asphalt block,
and for the paving Of Hobart street
with asphalt block. and for the paw
Ing OF King street from Smith street
to Market street with asphalt block,
and fSg the Raylng Of L GsdH s street
with asphalt block, and for the paving
of Smith street from High street to
State street with asphalt block, and
Tor the paving of Barracks street with
bitulithic paving material, and for
paving of Sheridan street from Mar
yet street southerly to the Mfddlesex
material and for tho paving Of David
son avenue from smith street to Mar
ket street with bitulithic paving ma
terial, and FER The paying OF New
from New Brunswick avenue to Broad
street with bitulithic paving material,
and
Whereas, 1t is Intended by this or
dinance to authorize the Issuing Of
bonds for the purpose of obtaining
money from the sale thereof for the
permanent improvement Of. the said
streets with permanent and durable
so, i]rstanee Is - af GS s ,o ey !, the The
Laws of 1898 and acts a~mendatcry
Be e 2RpAINED BY THE CITY OF
section /. Subject TO the~ direction
and approval Of the Council, actiqg
by resolution, the Treasurer of the
mount not exceeding in tie sggre-
gate the sum Of $4,000, to bear date
Yembar 1at is Isas. with ah inte eayaO At the
rate of Ia per cent. per annum, pay
able s~emi-annnally on the first days
Of May and November In each year
nations of one thousand dollars each.
Section q. Said bonds shall be
signed by the Mayor. Treasurer, and
S Sa1y os as th sne eeun eas sHh lsIR fsss'i rescue efao
ton direct. The principal ard inter-
est Of said bonds shall be payable at
the f eitiGs and "a c sas pa il the nSe cisy Is he aao
SoondRs ssosea % 'ne payment sA'o
section ). II proceeds or saiu
bonds shall be applied by the City
Treasurer to the payment of the cost
and expense of the permanent I'M
provement OF the said streets author
lied as above recited.
Section 4. The money to be derived
from the assessments to be made on
the property benefited by such Inn
provennents shall when collected be
held as a fund toward the payment of
the said bonds, and for the purpose of
discharging the said bonds as they ma
ture and for the payment OF the inter-
eTt thereon. There shall be included
in the annual tax levy such sum as
will be sufficient. with the amounts
received from assessments as aforesaid,
to pay the interest on said bonds. and
to create and provide a sinking fund
sufficient to pay the principal of said
bonds when they mature. That the
moneys 50 raised for such sinking fund
as aforesaid are hereby pledged and
be held and applied exclusively
to the payment of said bonds.
Introduced September s, 1911.
Passed September is, 1911.
Approved September 28, 1911.
A. BOLLSCHWEILER,
Mayor.
WILBUR LA ROE. City Clerk.
$500 1889 1923, so, 11-s