Perth Amboy evening news., 1911-10-14
Lauer Drug Co.


Es fWEt
To Authorize the issuing of bonds for
the purpose ~ cktctr.r. money
from the sale thereof for the per-
and Highways I'm the City Of Perth
Amhoy with permanent and durable
WHEREAS, Ordinances have been
heretofore duly adopted, approved and
emit Improvement Of certain streets Of
the CITY q Perth Amboy with per-
WHEREAS, In particular, ordi-
nances have been adopted for tho
paving OF Faystte street from State
asphalt block and for the paving Of
Hobart street from Smith street to
Market street with asphalt block. and
Smith strest to Market street with as
phalt block. and for the paving OF
Lewis street from Water. street to
M snS sor tS Ssen nsv With asphalt block,
from High street to State street with
asphalt block. and for the paving Of
Barracks street with bitulithfc paw
Sheridan abasst street aad fro oor t Mar Rsfin afre Ct
southerfy to the Middlesex County
Bridge with bttulithie paving mate
avenue from Smith street to M lark
street with bitulithic paving material,
and for the paving OF New street with
paving Of paPs arkk m nSenue f from Tor N ths
Brunswick avenue to Broad street
with bitulithic paving material, and
WHEREAS. II is Intended by this
ordinance t, 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
material of the kind determined In
each instance as aforesaid by the
Council. pursuant to Chapter zoo OF
thereof.
BE IT ORDAINED BY THE CITY OF
PERTH AMBOF:
ana approval Of the co ans dlir setina
by resolution. the Treasurer Of rhs
City shall issue and sell bonds In the
e emp9rs na name sca q shs Gtty g q
gate the sum Of $4,000 to bear dats
November 1sts l8lls and payable No
vember Ist. 1928. with interest at the
rate OF 4i~2 per cent per annum, a
able semi-annually on the first days
of May and November In each year
said oonds shall be issued IN demon
nations OF one thousand dollars each
Section 3. Said bonds shall be Sign.
ed by the Mayor, Treasurer, and City
CLERK. under the City seal. Said bond,
saa he % rsgsstsrsd e coapon bond "a
rect. h principal aud interest oI
said bonds shall be payable at the or
flee OF b City Treasurer. and the
faith and credit Of the city ia herehs
Section 8. The proceeds Of saii
bonds shall be applied ~ the CIty
Treasurer 70 the Payment Of the cosl
and expense of The rmane I'm
prepayment OF the said streets author,
tzed al above reciteds
Section 4. The money to be derived
from the assessments to be made or
the property benefited by such ira.
proyements shall when collected be
hold as q fund toward the payment eI
the said bonds. and for the purpose OF
~discharglng the aa1d bonds as fhey
mature and for the payment ct tha
.sevs ~st thereon Inera at1aII be IN
Icluded In the annual tax levy suel
sum AS will be sufficient, with tht
lemounts received from assessments al
| aforesaid TO pay the interest on said
bonds. and to create and provide 3
sinking fund sufficaenf to pay ShF
| principal of said bonds when they ma
ture. That h Moneys so raised fer
such sinking fund az aforesaid art
hereby pledged and shall ba held and
applied exclusively 70 the payment Of
introduced. Sept. s. 1911.
Passed. Sapts1S 3s4i
Approved sept z&s 1871.
A. BQLISCH " EIL.zfk.
Mayer
WnEBER La R0E.
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