Perth Amboy evening news., 1921-04-07

Meter Repair Shop and Garage. 5000
House No. q Runyon Pumping
Hi sis', level Pumping equipment. 5000
New meters S'ooo
$50, 900
and has requested that funds be provided
for such extensions and improvements:
ny THE CITY OF ERT AMBOf:
Section 1. That. for the purpose Of
meeting the cost Of extensions and In
system Of the City of Perth Amboy. and
providing additional equipment, maohin-
tisshhss prsambiss hereof. i is necessary 70
ahvaise the sum of Fifty Thousand (~sSO.oo0)
ne Section .. That there be issued pursu-
ant to chapter 252 of the Laws of 1916,
geas amended. bonds of the City of Perth
tAmboy, to be known as Water Bonds, Sc
les .J,, in the amount of Fifty Thousand
1850, 900. 00) Dollars which bonds shall be
lated the first day of May, 1921. shall pc
AhSrof the denomination of one thousand dol
SoAers .k$i. 000.00) numbered from / to 30:
carefI inclusive. shall mature In numerical
t;s;r ar two bonds on the a first day ,s 81 May MAY
Inclusive and one bond on the first day or
~ May of each of the years 1884 to 1861 both
Inclusive. and shall bear interest at the
rate of six per cent. per annum' payable
semi-annually on the first day OF May and
the nrst day OF November IN each year;
such form and payable principal and in
terest in such medium and at such place
as may be provided by resolution OF the
Council, shall be signed by the Mayor
and Treasurer and attested by the city
Clerk under the seal of the city, and If
coupons for the payment of interest be
attached they shall be executed by the
facsimile signature of the city Treasurer;
Section 4. The Council of the city of
Perth Amboy hereby determines and de-
olares that the probable period of use
fu,ness of the said extensions improve
ments, equipment. machinery and Rppars-
tus referred TO in Section 1 hereof Is not
| less than forty years from the date of
a Section s. There shall be levied in each
year. while any of said bonds shall he
outstanding, in the same manner, and at
the same time as other taxes. n tax upon
all the taxable property OF said city, suf-
fcient to produce the amount of principal
and interest to mature in the sueesedms
duced In any year by any amounts actu-
ally applied to such principal and inter,
est out OF the earnings of the water
works system for said year.
Section 6. That said bonds shall be sold
on sealed proposals after due advertise,
have power to fix the date of sale, to Sc
lect the newspaper and financial paper
in which the notice of sale shall be pub
iished. TO prescribe the form Of notice.
and to award the bonds Or TO reject any
or all bids therefor.
effect upon its publication as provided by
section 9 OF chapter 25e OF the Laws Of
1915, as amended, and the City Clerk shall
have power to select the newspaper In
which it shall be published and to spe-
city the date after which the bonds shall
be Issued and delivered.
Introduced March 81. 1921.
Passed April 4, 1921.
Approved April 6, 1921.
The foregoing ordinance was approved
on the sixth day of April, 1921. The
bonds authorized thereby will be Issued
,snd delivered after the first day of May,
1s2i. and any suit, action or proceeding
! TO set aside or vacate this ordinance must
Re begun within twensy days after the
disqualification Of this statement.
r. Dated, April 7. 1921.
RTHUR e. GRAHAM,
n 1ts-A.5.lt Cit Clerk.