Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-04-24
$4,000 FOR
PARKS IN ESSEX
Freeholders' Committee Au-
thorizes Issuance of Bonds for
Commissions 1919 Budget.

The finance committee Of the Board
of Freeholders today adopted a reso-
luton authorizing the issuance of
So25.000 in bonds. to be included in
the 1913 tax budget. for the use of the
Essex County Park Commission. The
resolution will be acted upon at the
board meeting this afternoon. These
bonds were legalized by an act of
the last Legislature, and are for the
purpose Of improving and maintain
Ing parks already owned by the COM
mission.
The park commission, represented
by the members, Franklin Murphy, P.
Sanford Ross. Camillus G.. Kidder.
Robert s. Sinclair and Secretary
Alonzo Church. were present at the
meeting and explained to the finance
committee just what purposes the
bond issue was to be used for.
In addition to this amount there
have been authorized 4 per cent.
bonds to the amount of $350,0o0. of
Which s250000 is for West Side Park,
Newark. and 100000 for park in
Bellevllle. There have also been sold
100000 worth of bonds for the Cald-
well park, the fact that these bonds
had been sold to the sinking fund
commission not being known until
County Collector Richard w. Booth
informed the members of the park
commission today.
well, If the bonds have been sold
we will get busy and spend the
money" said President Murphy, of
the park commission, who acted as
spokesman for the party. In answer
TO a query from Director Walter A.
Evans, of the freeholders, as to what
the $525.000 issue of bonds was in
tended to cover Mr.. Murphy stated
that it was to be used in maintaining
and improving the following parks,
the sums to be used in each park fol-
lowing the name: Park avenue, road
way. $4,000; Nutley park, $121, 900;
Bloomfield park, 100000; Irvington
park. 5000; Weequahic park, $780,
900. and South Orange park, $50, 600.
The above are approximate figures,
and total $4,000 more than the bond
issue.
Amos w. Harrison, chairman of
the finance committee, called atten-
ton 10 the fact that some of the 4
per cent. bonds in the $S5o,00o issue
had not yet been sold, and pointed
out that it would be hard TO sell 4
per cent. bonds when the county also
had AZ per cent. bonds in the field
The Board of Freeholders is under
moral obligation to the people as
regards the issuance of the $3.50, 900
In bonds" said Mr.. Harrison. We
have promised to issue them, and
If ! we're to vote against the issuance
of the $525,00O Az per cent. issue, it
would be only through fear that the
sale of the bonds would initiate
against the sale of the lower in
terest bonds"
On motion of Freebooter Seymour
p. Gilbert, seconded by Director
Evans, it was then decided to au-
thorize the issuance of the S525, 900
in bonds. and at the same time take
steps to see il legislation could not
be obtained to increase the interest
rate on the $4,000 previously au-
thorized.
On suggestion of County Counsel
BENJAMIN F. Jones, and with the
concurrence of the members of the
Park Commission. it was decided to
issue $275,000 worth of the $525,000
bonds at once and hold back the re-
mainder until such time as the Park
Commission were ready to use the
money. this move saving interest
charges on practically one-half of the
bond issue for a considerable period
of time.