Perth Amboy evening news., 1919-05-23
FOURTEEN


An ORDINANCE, providing for the
Issuance of $13,975 Street Sprinkler
Apparatus Bonds of the City OF Perth
Amboy. and the lew. Of taxes to pay
BE If ORDAINED BY THE CITY OF
....PERTH AMBOY.
Section 1. That for the purpose of
paying for two Sprinkler Trucks for
the use of the Street Department.
pursuant to an ordinance duly ad-
opted, that there be issued rpur-
OF New Jersey OF 1915, as amended.
bonds of the City of Perth Amboy. to
be known and designated as STREET
SPRINKLER APPARATUS BONDS, in
the amour of s1s,s75, which bonds
shall be dated June LIST, 1913. shall
bear interest at the rate Of 5 per
ally on the first day of December and
the first day of June In each year,
shall be numbered and shall be In the
Denomination, and shall mature In the
Number /. denomination 1915, to
mature Jun list, 1921.
Number 2 to 5 incl, denomination
8 1000, to mature Tune LIST, 1922.
Number 6 to 9 incl, denomination
s 1000. to mature June LIST, 1928.
Number 10 to 10 incl, denomination
$1,000, to mature Jun list, 1924.
Number IA. denomination $1,000. so
to mature June list, 1926.
Section 2. That the said bonds shall
be in such form and payable, princi-
Vhl anu hNtANs III WI
1T such place as may be provided by
resolution of the council, shall be
signed by the Mayor and Treasurer
The seal of the City, and IL coupons
for the payment of interest be at
lached, they shall be executed by the
facsimile of the City Treasurer.
Section g.. The Council OF the City
of Perth Amboy, hereby determines
and declares as follows:
"a That the probable period OF
referred to in section l hereof Is six
1b1 That the average assessed val
uation of he taxable real properly,
Including improvements of the City
of Perth Amboy, computed upon the
next preceding valuations thereof IN
chapter 252 OF the Laws of 1916. as
amended. is s19,356,145.
(c) That the net debt of the city
of Perth amboy.. computed In the
(dC That the statement required
by section II of chapter 252 of the
LAYS LAW Of rs asaS, as bS Sm said act mas Oee"
Section s. That there be levied In
each year, while any of said bonds
shall be outstanding. in the same
manner and at the same. time as 9TH
err taxes, a tax upon all the taxable
property of said City. sufficient to
produce the amount of principal and
lntTGHt 10 hdNuTe III Nht 5utRNNbAhS
year, provided that said tax may be
reduced In any year by the amount
OF assessments against abutting prop
erty and interest thereon actually
colieced and held for the payment OF
said principal and interest.
Section 6. That the said bonds shall
be sold on sealed proposals after due
advertisement by the City Treasurer,
who shall have power to fix the date
OF sale, to select the newspaper and
financial paper In which the notice of
sale shall be published, to prescribe
the form of notice, and TO award the
bonds or to reject any or all bids
therefor.
Section Z. This ordinance shall take
effect upon it's publication as provid-
ed in section 2 of chapter 252 of the
laws of 1916, as amended. The City
Clerk shall have power to select the
in which 1t shall be pub
lished n to specify the date after
which the bonds shall be Issued and
delivered.
The foregoing ordinance was intro
duced, and passed on first reading at
the meeting of Council of the City of
Perth Amboy. N. j.. held May 10th.
1919, and will be taken up for second
and third readings and 1nal passage
at the meeting of Council to be held
June End, 1919, in the Council Cham
Der, City Hall. Perth Amboy. n. j.
Dated May 20, 1918.
JOHN HANSON, JR..
City Clerk.
47s7-5-23-29.