Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-12
CITY ApvERTIsEmENTs.

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AN ORDINANCE authorizing the Issuance Of
OF tbs city OF Newark In the aggregate sum
o. $1,000. 900 for he purpose Of paying
bonds OF said city. which are 70 become due
within one year. ana providing Tor the pay
lnent Of the principal and interest Of said
V hersas. The Mayor and Common Council
OF the city OF Newark has heretofore Issued
it's notes or Temporary loan bonds IN he
aggregate principal amount Of two million
three hundred thousand dollars tS230O.OOOl.
Eote for $500. 900, dated April is. 1918
HOFFMAN and Company. Of New YORK:
dated April g. 1918. each due February 10.
:9l4. payable to Brown Brothers. OF Ne"
Note for $50. 900. dated September :, 1919
Brothers o. Eew. York. 49,.
! Note for 100000. dated September s, 1919
f srotheTs sfG Of New i YORK Pssa0i' 70 0"n
Seven notes aggregatins $4,000. each
dated September L. 1918 each due March
Y. 1914 payable to Brown Brothers. Of New
Note for $50. 600. dated September Is. 1919
Dock sa,ings Institutio3 Of New YORK. g..
s hp'e DUE 6 saS0C fsa ps9ass 70 The
Frssnkii9 as sayings Bank Of Newark ,o,s
Savings Bank Of Newark
Note for $50. 600 dated December is. 1913
Ou u9 Savings q Sank Of Ts@afk Tao
Note for $50. 900, dated December IS. 1919
due February 10, 1914: PAYABLE to the North
dated December Is. 1913 each due FEB.
and and co.npan ny Of l New Y OF .N'10'''
| whereas. said notes were Issued for money
II E0o 90 M to e tie SayG
equal to the principal sum thereof and they
are now outstanding and will become due
has been paid. and the city - without
funds to meet The same, and no provision
has been made In any tax levy or otherwise
| for the payment Of said notes. now. there
+, Be II ordained by the Mayor and Common
Council of the city Of Newark:
a portion OF said notes in pursuance Of the
lature OF the State Of New Jersey entitled
An Act authorizing he Incorporated cities.
TO fund Seir doane eness
March %. 1888. and Ire acts ameRdatory
the city Of Newark In the aggregate prin-
iIal sum of two million two hundred thou
amoun of bonds being less than IS 1890
o. the amount OF said notes issued as afore-
Section O. Said bonds shall be designated
Funding Bonds. Series /. and shall be is
sued In denominations Of one thousand dol
the purat7 ,sr shall elect. and shall be con-
secutiVel-' numbered. each dated February l.
isla payable February |. 1874. bearing In
semi-annuaiiiy on the first days Of August
and February IN each year, both principal
State Be- If the city Of Newark In gold
coin OF the lifted States Of america Of the
its equivalent. Said bonds shall be executed
under the corporate seal Of the city and
lt,sted by the City Clerk. and coupons at
tachei to said bonds shall be signed wi h
and shall be numbered TO correspond with
THE bond to which they shall be respectively
attached Said bonds shall be coupon bonds
with the privilege of registration as to prin-
cipal only or OF conversion Into bonds regis
tered as to both principal and interest A
the date of said bonds the date Of Issuing
and the line OF payment thereof shall be
made by. or under the direction Of. the
purpose. Said bonds shall recite that they
were issued In pursuance Of said act Of the
be in such form as the Common Council Of
said city shall by resolu Ion provide
Section. 8. In order TO redeem said bonds
lished Into which shall be paid annually dur
Ing the term of said bonds the amount col
per cent. upon the principal Of said bonds.
which shall be raised assessed and COL
In the tax levy Of the city
hereby authorized to be issued shan be
raised by a soecial tax annually levied and
collected In Hike manner as other taxes are
raised, levied and collected by the city. and
| he whole Of each years interest on said
bonds shall be raised. levied and coll
liected In each year
| Section s. The aforesaid bonds shall be
sold upon sealed proposals TO be received by
the Comptroller of the city of Newark unfit
twelve o'clock the nineteenth day
Of January. 1914, at his office In the City
| Hall Newark. New Jersey. and the said
Comptroller Is hereby direc ed to advertise
the sale OF said bonds at least ten days by
publication for at least two insertions In
one or more newspapers published and cir
Icuiated In the city Of Newark and he 10
also hereby directed % advertise said
notice In one or more financial newspapers
published In she city of New York for one
insertion In each Of said papers.
Section 6. This ordinance shall take effect
Immediately.
Adopted January 2. 1914
PATRICK C. O'BRTEN.
President of Common Council.
| Presented to the Mayor for his approval
JAMES f. coNNELLY,
City Clerk.
Approved January Z. 1914
JACOB HAUSSLING,
Mayor.
The foregoing ordinance was presented in
Common Council on Wednesday evening.