Perth Amboy evening news., 1921-05-21
A RESOLUTION PROVIDING FOR THE
ISSUANCE OF S262, 900 ROAD VI
PROvEMENT BONDS, SERIES
22, OF THE COUNTY OF

IssTnNfEM ST f M@S goo k sER1Es ~"
2s, OF THE COUNTY OF
MIDDLESEX.
whereas. the Board of Chosen Free
holders Of the County of Middlesex, purs
suant to resolutions dull" adopted and
proceedings duly taken has heretofore au-
horned the Improvement Of the follow
ing roads in said County, in accordance
with plans and specifications duly pre-
pared by the County Engineer and duly
and at the following estimated cost, to
Road No. IS stelton-New Market-Dun-
ellen Type r" bituminous concrete on
Road No. 20 River Road, Highland Park
"Bitoslag' bituminous concrete on stone
Oa Road No. q woodbrid9c.New Bruins
wick Type Il" bltuminous concrete on
stone base 10000
Road No. rs. Metuchen-Perth Amboy.
TYPE II" bituminous concrete on stone
base. being the shoulders or portion OF
paving outside of and to a width addi-
tional TO the Warrenite paving on con-
crete base heretofore provided for
Road No. %. Trenton-New Brunswick
North Brunswick) "Bitosiag" bitumin-
Gus concrete on stone base 80. s25. 100000
Road No. 20 Trenton-New Brunswick
tSouth Brunswick) Type r. bituminous
Road No. So Aqueduct-P lainsboro
cranbury TYPE r. bituminous eoncreIe
or stone base ............ $40, ooo.oo
Road No. 81 Old Bridge-Matawan, "Bi-
toslas" bitumlnous concrete on stone
Road No. IS Old Bridge-spotswood.
"Ritoslag'' Bituminous concrete on Stone
base 1900
Total fs9e .o"""'
whereas. it is estipated by this board
that there will he available for SAID I'M
proyements from sources other than the
issuance Of bonds s2S,00 leaving s~2o-'ooV
to be raised by issuance of bonds.
Now. therefore. be 1t resolved by, the
Board OF Chosen Freeholders OF the Coun-
ty of Middlesex:
Section That for the purpose of pay
ing a part OF the cost Of the Improvement
of the several roads specified In the pre-
ambles hereof It is necessary to raise the
sum Of Two Hundred and sixty-two thou-
sand dollars (s262. 00O).
Section . That there be issued. pur-
suant to Chapter 252 Of the laws OF New
Jersey of 1916, and acts amendatory
sex TO be known as Road improvement
Bonds, Series %, in the amount OF Two
hundre d slxty-two thousand dollars
(s262, OO0), which bonds shall be dated the
first day OF June, 1921, shall bear inter
est at tho rate of six per centum per
annum. payable semi-annually on the hrst
day of June and the first day OF December
in each year, shall be In the denornlha-
ton of 81, 900. numbered from l to 262'
both inclusive. and shall mature in nu-
merical orders. twenty-five bonds on the
first day of June OF each of the years
192s to 1926, both inclusive, thirty bonds
on the first day OF June OF each OF the
years 1927 to 1929. both inclusive. and
thirty-six bonds on the first day OF june
of each of the years 1880 to 1881.
Section 8. Said bonds shall be In such
form and payable principal and interest IN
such medium and at such places as may
be provided hereafter by resolution OF TINS
-, xLoIV h.. .I1poI Inv tha Director and
Iflerk OF this board and countersigned by
the County Treasurer. and the corporate
seal of the County of MiddleseX shall be
t%hereunto affixed, and II coupons Tor the
shall he executed by the fac-simile sigma
ture of the County Treasurer.
Section A.. The Board of Chosen Free
holders of the County of Middlesex mere
(a) That the probable period OF use,
fulness of each and all of the severa
road improvements referred to in the pre-
ambles hereof, computed in accordance
with Section 4, Chapter 252 of the Lawi
Of 1916. as amended. is not less than M
teen years from the date of said bonds,
OBJ That the average assessed vaiuao
improvements of the County of Middle
sex, computed upon the next precedihe
three valuations thereof. being the valu'
atoms for the years 1919, 1920 and 1921
in the manner provided in Section IL OF
Chapter 252 of the Laws Of 1916. Is
500, 224.64646.
(c) That the net debt of the COUNTY
of Middlesex. computed in the manner
provided in said Section IL is $3,2i6,slf.e'
cd That the annual and supplemental
debt statements required by Seetion /
OF Chapter 253 of the laws of 1916, a
amended, have been made ana hleu d
required by said act.
Section 3. That there shall be levie'
in each year while any of said bono
shall be outstanding, In the same manne
md at the "a mo time as other taxes,
tax upon all the taxable property in sai'
county sufficient to produce the amour
of principal and interest to mature IN TN
| succeeding year.
Section 6. That said bonds snail b
sold on sealed proposals after due al
vertisement by the County treasurer, II
the manner and form and for 'e tim'
required by law. in the Perth Amboy Eve
ming News and the New Brunswick Dan!
Home News. being newspapers pubilshe'
in the County of Middlesex, and In I'M
lished in the City of New York. Th'
County Treasurer shall have power to r.
the date of sale and to prescribe the forH
of notice, the Board of Chosen Freeholderi
to award the bonds or to reject any ano
all bids therefor.
Section Z. This resolution shall take eff
feet upon its publication, as provided BY
Section 2 Of Chapter 252 Of the Laws OF
and the New Brunswick Daily Home News
the Clerk of this Board shall have the
authority to specify the date after which
the bonds shall be issued and delivered.
Signed,
ROBT r. VANDENBERGH.
Be 1t Resolved by the Board OF Chosen
Freeholders of the County of Middlesex
New Jersey, that the $262,OOO Road I'm
| provement Bonds. Series %, of said Coun'
ty, authorized by resolution of this board,
adopted this day. be issued in substantial
ly the following form:
1000 UNITED STAT.
TAT OF
COUNTY OF
ROAD IMPRO
SER
KNOW ALL MEN BY THESE PRES
State of New Jersey. is justly indebted.
pay to the bearer. or If this bond be rel
the first day of June.
with interest thereon at the rate of six pc
on the first day of June and the first da
scntation and surrender of the annexed