Perth Amboy evening news., 1911-10-14

Aye KS AN ORDNANCE. EEs
To authorize the issuing of bonds for
the OF obtaining money
from the sHte thereof 1ox ss.e per-
manent Improvement OF the Streets
and Highways In the City of Perth
Amboy with permanent and durable
WHEREAs, Ordinances have been
heretofore duly. adopted. approved and
published providing for the perman-
the City Of Perth Amboy, with per-
WHEREAS. In particular. ordi-
paving Of Fayette street from state
street to New Brunswick avenue with
asphalt block, and for the paving of
Hobart street from Smith street to
Market street with asphalt block, and
Smith street to Market street with as
phalt block, and for the paving of
Lewis street from Water street to
and nai' for th ssen paving m''e of Smith sRmith s stpesi
from High street to State street with
asphalt block and for the paving OF
Sheridan street from Market street
soatherly to the Middlesex County
RAJ. and Tor p che paving ps Of Davidson Mhss1
avenue from Smith street to Market
street with bitulithic paving material,
bitulithic paving material. and for the
paving OF Park avenue from New
Brunswick avenue to Broad street
WHEREAS. Il Paii IS in iaatsriai B. sn thi.
ordinance to authorize the issuing OF
bonds for the purpose OF Obtaining
money from the sale thereof for the
permanent Improvement OF the said
material OF the kind determined in
zach Instance as aforesaid by the
thereof.
BIZ Is ORPHANED BY THE CITY OF
Section i. subject to the. direction
ana approval or the Council. acting
by resolution, the Treasurer Of rhe
corporate name of the City TO an
amount not exceeding IN the aggre-
gate the sum q $50, ooo to bear date
vember lat. 1928, with interest at ths
rate of 4f-2 per cent. per annnIa, pay
able ~sefni-annually on the frat days
Said bonds shall be issued in demon
nations OF ope thousand dollars each,
Section 2. Said bonds shall be sign
60 by the Mayor, Treasurer. ard City
Clerk. under the city seal. Said bonds
shall be regtstered or coupon bonds
as me Council hail by resolution al.
SAID ssfida bonds ma s Rhfalnfei 81 pa sn Z an Il tse 81 e
faith ana credit 81 tie CITY Is af hereby sbs
plsdgsd to the payment of said bonds
bonds shall be applied ss 81 ths c sIty
Treasurer TO the payment OF tho cost
land expense OF the permanent tn1-
provement Of the said streets author
lied as above racited.
Section 4. The money to be derived
from the assessments TO be made on
the property benefited by such Inn
provemsnts shall when collected be
held as q fund toward thu payment OF
the raid bonds, and for the purpose OF
~discharging the said bonds as they
mature ana for the payment OF the
Interest thereon. There shall he t
c4ucSc ii slfe annual tax levy such
sum as will be sufficient, with the
amounts received from assessments az
aforesaid, to pay the Interest on said
bonds and to create and provide q
sinking fund sufficient to pay the
principal OF said bonds when they ma.
Iture. That the moneys go raised for
such sinking fund as aforesaid are
hereby pledged and shall be held and
applied exclusively to the payment OF
said bonds.
introduced. Sept. 8. 1911.
Passed, Sept. 10. 1871
| Atprrte1s S@pt 2&s A91I
A. BQILSCHW EULER.
latest.
Wl4BUR La E0E.
City Clark