Perth Amboy evening news., 1921-06-29
SOUTH AMbOY
DEBT IS 6.49
Supplemental Debt Statement
is Filed by City Treasurer
Council Meets
[By Evening News correspondent.l

tBy Evening News Correspondent
SOUTH AMBOY, June 2S.-Act-
ing upon authority vested in them
by the state statutes, after a supple
mental debt statement had been filed
by the city treasurer showing the
cltyS percentage of net debt at the
present time to be 6.49 per cent.
the common council at last nights
meeting by resolution estimated the
amount to be assessed against prop
erty for the Bordentown
avenue paving improvement as $67,-
600, and subsequently introduced an
ordinance providing for the sale of
these bonds.
City Solicitor Francis p. Coan sta
ted that the approving opinion of
Caldwell and Raymond, New York
bono attorneys, would be given upon
advice of the action taken by the
council, and that the First National
Bank, of South Amboy, had agreed
to take the bonds.
At the first of the year the city
was over its debt limit, the percen-
tage being 1855. The supplemental
debt statement. using the 1921 as
sessed valuation of the city. as per-
mitted by law. shows that the city is
now within the legal limitation of
debt.
H.. ID. Littcll, a local coal dealer,
made a lengthy reply to the remarks
of j.. j.. Shuey, chairman of the
water committee, at a previous
meeting. At that meeting, Shuef,
retorting to a communication from
Mr.. Littell. in which he charged un-
fair discrimination against local
dealers in the purchase of coal for
the water plant, said that the city
had purchased yer $1,000 worth of
coal from Littell since January 1,
and that tests had shown it to be
inferior to the grade of Goa now
being used. In his letter last night
Mr.. Littell said that Mr.. Shuey had
attempted to befog the issue; he sta
ted that his coal had been pro-
nounced by the chief engineer the
best coal that had been used at the
water plant. and he stated that the
water committee in purchasing coal
was going beyond the law in pur-
chasing amounts over $500 without
advertising for bids.
MIR. Shuey, after stating that no
coal had been purchased in excess
of the mount of $500 at any n
time, defended his previous remarks.
and moved that the letter be received
and filed. An amendment by Coun-
Gilman Lovely that it be referred to
the city solicitor for an opinion was
rejected and the original motion car
ried.
Ordinances for the laying of side
walk and curb on Highland street,
and for the grading of Roosevelt
street and a portion of George street
were passed on the third and final
reading.
steps were taken toward the en-
g A.. I'D 80 M ,rnItI4F
ing the sale of fireworks by instruct
ing the police department, through
Acting Mayor Stockton. to serve a
warning to local dealers and to pros
eCute for violations of the law.
On motion the MaXville firehouse
was turned over for the use of the
newly organized Progressive Fire
Company after the city solicitor
stated that the company had been
legally organized.
A heated discussion, involving the
much talked of audit, was brought
on by a communication from II. +.
Carroll Company suggesting that a
monthly audit be made and Offering
to perform the work for $35 a
month. Councilman kvist moved
to accept the offer, but it was OPP
posed by Councilman Lovely, who
made an amendment to table the
matter on the grounds that the city
could not legally make the eXpendi-
ture this year, and hat the yearly
audit would be sufficient in view of
the new system of accounting in
stalled by the Carroll company. The
amendment was defeated. but Coun-
Gilman Kvist's amendment to the
amendment to lay the matter over
until next meeting vas carried.