Perth Amboy evening news., 1921-06-09
MINUTES
Proceedings of the Board Of Aldermen o
the City of Perth AmbOy, n. j.
May 9th. 1921

-
Adjourned meeting of the Council of
the City of Perth Anboy, N. j., held May
9Th, 1921. adjourned from May End. The
members present were Aldermen Sofeld,
Waters. Patten, Clark, Riedy, and Alder
man-at-Large Wester.
Applications for transfer of auto-bus
permit from Louis Deak and Paul FAR
kas to Joseph Horvath was received and
referred to the Auto Bus Committee.
Tie following report of the City Treas
urer:
city of Perth Amboy, N. ].
Gentlemen:
The following bids have been received
this day for the purchase of $4,000 Wa
ter Bonds. dated May l, 1921 Due 1928
1861, and $50, 10000 General Improve
ment Bonds dated May l, 1921, Due 1928
1914 inclusive.
/. First National Bank. Perth Amboy
Amt. bid for Water BIDS. Gen. Imp. Bds
0 1000. 0O) s2,5so.OO
>. Perth Amboy Trust Co.
Amt. hid for Water BIDS. Gen. Imp, BIDS
SO'ooO.0W s2.o17.Oe
3. j. S. Rippell Co.
Amt. bid for Water Bdsl Gen. Imp. BIDS
S0000,OO1 So, $685. 90
4. Blodgett & Co. (All Or none)
Amt. bid for Water BIDS. Gen. Imp. BIDS
Al. goo. O0l so, 10000
10000 0l s2,l4s.60
5. r. NJ. Grant & Co.
Amt. bid for Water BIDS. Gen. Imp. BIDS
so, 600. O0) 80, 10000
100000 $50. 90
{. b, J. Van Ingen Co.
Amt. bid for Water BIDS. Gen. Imp. BIDS
1000, OOI se.O25.O 90
7. A. r. Leach & Co. (ATl or none)
Amt. bid for Water Bds. Gen. Imp. BIDS
40. 00O.)) 5O,53S..S0
$1,000. OO( S2,701.10
The First National Bank being the high
ct bidder on Joint issues. l have awarded
same to your confirmation, at a premium
of s4,540.00
Very truly.
FERD GARRETSON.
City Treasurer,
wa received, and the action of the City
Treasurer was confirmed.
The following report of the City Treas
urer:
Supplemental Debt Statement
NOTE-By Chapter 24e. T. L. 1917.
which amends the New Jersey General
Bond Act of 1916 (Chapter 252, p. L.
1916, a Supplemental Deb Statement un-
der oath, in ubstantially the form annex
ed. must be made by the chief financial
officer and must he filed with the clerk
of the municipality (n the case of a
Chosen Freeholdersl prior to the passage
of every ordinance or resolution author
izing notes or bonds under that act, IN
Guiding temporary notes and bonds, ex-
cept an ordinance or resolution authorizing
notes or bonds (a) IF funding tb) for re-
funding (c) for the supply of water Id
for bikes. bulkheads and jetties along the
ocean front.
The amendment of 1917 does not require
that any debt statement be filed prior to
the letting of contracts as did the Act of
1916, but it does provide (Section IA. Sub
division y that an appropriation must be
made sufficient to meet the cost of carry
ing out the provisions which are TO be
financed by notes or bonds under the act
and this In effect is declaratory of the
common law of the State that a contract
cannot be let unless provision is made for
financing II.
State of New Jersey.
County of Middlesex, IS:
Ferd Garretson being duly sworn, de-
poses and says: Deponent is the City
Treasurer of the City of Perth Amboy.
New Jersey. hereinafter called 'the mu-
nicipality' and the chief financial officer
thereof The Supplemental Debt State
met annexed hereto and hereby made a
part hereof is a true statement of the
debt condition of the municipality on the
date hereof and Is computed as provided