Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-07
CITY ADVERTISEMENTS.

q portion Of said notes In pursuance Of TIE
suthor1t, conferred by an act Of the Legta-
lature Of the State Of New Jersey entitled
An Act authorizing the incorporated ctt1na-
towns. Townships and boroughs Of this s<zfs
/ to fund their floating indeb. edneas and Their
Enatured and maturing bonds approved
March Is. 1892 and the acts amendatory
thereof and supplemental thereto. bonds or
the city Of Newark IN the aggregate prtn-
sand dollars ts:.soo.ooo, Be ISSUED Issued ssia
amount OF bonds being less than 9s 2sseo
o. the amount Of said notes issued as afors-
said.
Section .. Said bonds shall be des1snatsd
Funding Bonds. Series /, and shall be Is
sued IN denominations OF one thousand Dol
/ lars (S1.0o0) each. or nuitiples thereof. -
the purchaser shall elect. and shall be CON
secutlvely numbered. each dated February :.
serest at the rate Of four and oneha
oentuTn a y. per cent? per anuum. payable
semi-annually on the first days Of August
and February in each syear. both princtpal
and interest being payable at the National
State Bank OF the city Of Newark in gold
coin OF the United States OF America ct fks
present standard OF weight and fnensss
| its equivalent. Said bonds shall be executed
under the corporate seal Of the city and
tested by the City Clerk, and coupons At
tached to said bonds shall be signed with
the fac smile signature OF the Comptroller
/ the bond to which they shall be respectively
attached. Said bonds shall be coupon bonds
with the privilege OF registration es to prf1-
I
/ tered as TO both principal and interest. a
registra ion Of the numbers OF said bonds,
the date Of said bonds. tho date Of Issuing
and the time Of payment thereof shall be
made by. or under the direction Of the
Comptroller in a book provided for that
purpose. Said bonds shall recite that they
| were issued in pursuance OF said act OF the
Legislature and Of this ordinance, and sha5S
be In such form the Common Council
said city shall by resolution provide.
Section 3. In order to redeem said bondy
at maturity. a sinking fund e hereby sstzb,
] ing the term Of said bonds the amount coli
lected by special tax Of not less than
per cent. upon the principal of said borldss
iected in the annual tax levy of the city
Section 4. The interest on said bonds
hereby authorized TO be issued shall be
raised BY q special tax annually levied and
raised levied and collected by the city. ard
the whole OF each years interest on SAID
bonds shall be SO raised levied and COLI
/ lected in each year.
sold upon sealed proposals. TO be received By
the Comptroller OF the city OF Newark Until
twelve o'clock noon on the nineteenth day
ef January, 1919; at his office In the cstL
Comptroller IS hereby direc. ed to advertise
1 the sale OF said bonds at least ten days BY
publication for at least two insertions IN
/ one or more newspapers published and cir
also hereby directed to advertise satd
notice IN o-Ie or more financial newspapers
published IL the city Of New York for onf
insertion n each OF said papers
| Immediately.
The foregoing ordinance was presented n
Common Council On Thursday. January =
1914, was read twice under suspension Of thr
rules and duly ordered 10 a third reading.
jans-5t city CLERK