Perth Amboy evening news., 1920-09-23
TRY THESE COLUMNS
AND WATCH THE
RESULTS


An Ordinance Making An Approximation
for School improvements and Author
Dollars By the City Of Perth Amboy.
Whereas the Board OF Education In the
City OF Perth Amboy has decided that II
Is necessary to raise the sum OF S450, 600
for the purpose OF cree ing and furnish-
Ing a school building on the block bound
ca by Hall Avenue. Alta Vista Place,
Arnold Avenue and Jacques Street, in
the said City. and has pursuant to Law
prepared and delivered 20 each Rnrnkc7
o. the Board OF School Estimate OF said
CITY a statement OF he amount OF
the amount Of money estimated to be
necessary for such PURPOSES; and
where's the Board OF School Estimate
and determined the amount necessary
Tor such purpose at s4s9.0 900 and has
mace two certificates Of such amount.
Board of Education aad he other 10
this Council: and
Whereas said Board q Education and
5oaTd OF school Estimste have adopted
resolutions recitlng among ether things
mat IL Il not expedient to proceed at
the present time with The construction
and furnishing Of said building, but that
X Is necessary to raise now the sum
or Ten Thousand Dollars for the prr-
pose OF paying the cost OF preparing plans
and specitcstions and o.her preliminary
work incidental to the construction OF
said building
Now. therefore. be 1t ord aimed by the
City Of fcrth Amboy. as follows;
@LoN ~ - hEItDL hH@
propriated for the purpose q paying the
cost and expenses of PREPARING plans
and specifications and CHER preliminary
new school building on the block bound
ed by Han Avenue. Alta Vista Place,
Arnold Avenue and Jacques Street in
Ten Thousand Dollars.
Section q The determination OF
whether the amount hereinbefore appro-
priated shall be raised by tax or pro-
vided for by the Issuance Of school bonds
Is hereby postponed un.il further action
with references thereto shal bs taken By
Section 8 That pursuant to Chapter
liz of the Laws OF 1916, entitled "A
supplement to an act entitled An act to
establish q thorough and efficient system
Tor the maintenance, support and man.
agemsnt thereof approved October 10.
iS0s, relating to the financing OF schools
improvements" the sum CT rem Thousand
Dollars $4,000 be raised upon the
temporary loan bonds Of said CITY OF
Perth Amboy. said bonds 10 mature in
not exceeding one year from their date,
shall berr interest at a tate not ex-
ceedtng SIX per cent. 20 Der cent? and
shall be pay able at the office Of the city
treasurer IN the City Of Perth Amboy.
They shall be signed by the Mayor and
treasurer and attested cy tire City Clerk
under the corporate seal Of the City. and
the interest coupons If any) attach ed
thereto shall be authenticated by the
fac-simile signature OF the city Treasurer
Ihey shall be in such form and denom-
nations as the City Treasurer may de-
termine. The property. faith and credit
OF the CITY are hereby and shall remain
pieoged 20 secure the aymen of prin-
efpal and interest OF Eaid bonds.
Section 4 The City Treasurer ia
hereby. authorized to negotiate the sale
Of said bends at either public or private
sale at not less than par and interest.
The foregoing ordinance wa intro-
duced and passed on It's first reading al
me meeting OF the Council Of the City
OF Perth Amboy held September 10th,
1890. and will be taken up for second
and third readings and final passage at
the meeting OF the Council to be held De-
tober Attn. 1920, in the Council chamber
City Hal, Perth Amboy. N. ].
Dated, Sept. %. 1920.
ARTHUR Z. GRAHAM,
ls9OS-9-2S-1O-4 City Clerk.