Perth Amboy evening news., 1912-09-04
ISSUE BONDS
FOR SCHOOLS
CONTINUED from page ~

bay. This was thrown open for dis
cussion. Mr.. Stanton stated he did
not see the use in going ahead with
1t as a number of the property own
ers would object, that originally they
had merely asked that some little
work be done to make the street
passable, which he thought could
have been done at no greater ex-
pense than had already been entail
ed in engineers fees in making sur
yeys and preparing plans. The ordi-
nance was passed on first reading
and laid over under the rules. 1t
provides for the grading on lines set
forth in map made by the city engi-
neer, the expense of the improve
ment, including surveys and cost of
making improvement to be assessed
against the real estate benefited by
the improvement, the balance to be
paid by the city at large.
At this point a recess was taken
for the council to meet as a commit
tee of the whole to consider the mat
ter of issuing bonds for the school
improvement. Upon re%conyening the
city solicitor said, as stated before,
it was necessary to authorize the
GUAM VI PUosOOU WOIlu OIL DOuQS
or to raise $4,000 by taxation for
school purposes; the consensus of
opinion is that the only proper way
and only feasible way to raise the
money Is by issuing bonds and he
submitted a resolution which was
read. 1t provided for an issuance of
$4,000 worth Of bonds of the de-
nomination of $1,000 each, first bond
to be redeemed three years from date
Of Issue and thereafter such bonds
to be redeemed seriatim at the rate
Of two bonds per year for a period of
tWenty-seven years, said bonds to
bear interest at the rate of five per
cent. from date Of issue, interest to
be paid semi-annually at the First
National Bank, South Amboy. I'm
der remarks Mr.. Slower stated he OBJ
jected to the resolution on the
ground that this money is going to
be used not according as | Judge, as
one OF the Board of Estimates, the
proper way. He characterized the
other members of the Board of Esti-
mate as highwaymen, holding up the
citizens for $4,000 to spend on an
old school building with six rooms
addition. He did not believe the
law would stand If tested, notwith-
standing the opinion of the solicitor;
that he would not vote for the reso-
luton unless so ordered by the court.
He stated a law that would permit
a body of men to hold up the citi-
zens for this sum of money without
the people having a vote in the mat
ter saVored of Caesar government
and he for n did not propose to
submit to it and would not vote to
put a lien on every mans and wom-
ans property in this city of $4,000.
Mr.. O'Connor stated he had not
taken issue on the school matter, and
no matter how he might think it had
resolved itself into a question of law,
and as the solicitor stated there was
nothing to do but furnish the money
he was in favor of the resolution, as
the children had to be cared for and
the buildings were now TORN to
pieces. Mr.. Manhattan and Mr.. STAN
ton likewise expressed themselves.
! Mr.. Stuart stated he was not in favor
of the proposition and if there were
any means of stopping it he would
gladly welcome it, but as the law
provided that the council should fur
HlSn tle money ne WOulQ vote 1Of
the resolution. Before the vote was
taken Mr.. Slower again appealed to
the council to not favor the resolu-
ton. He called attention to the fact
that he had experience in the Board
of Education some years ago; that
at present the schools did not have
any more pupils than when he was a
member of the board; that no addi-
tional room was necessary unless
they were anticipating taking the
pupils from Sayreville township and
he thought it time for the taxpayers
to wake up if the city were going to
spend $4,000 of the taxpayers
money for the benefit of Sayreville
township. The vote was in favor of
the resolution, Mr.. Slower voting
against.
The following resolution by Mr..
Slower was adopted: Whereas the
city of South Amboy has to raise by
taxation the amount of ~$34,778.75,
be it resolved that the common coun-
Gil of said city adopt the amounts
herein specified as the budget for
1913: