Perth Amboy evening news., 1921-04-02
A RESOLUTION PROVIDING FOR THE
ISSUANCE OF $3.50. 900 ROAD I'M
PROyEMENT BONDS, SERIES
FL, OF THE COUNTY OF

WHEREAS the Board OF CHOSEN free-
holders of the County or MiddleseN, pui.
suant to resolutions duly. adopted anu
| proceedings duly taken. has heretoIoIe
authorized the Improvement of the foi-
lowing roads In said County with the ioi-
owing materials, to wit:
Road No. 2 Main Street,New Sound
Brook. with eight inch solid concrete.
Road No. 70 Metuchen-Perth AM
boy, with 6 inch solid concrete base
and inch Warrenite top.
Road No. So Bordentown Turnpike,
with & inch solid concrete base and Z
Road No so ACKNOWLEDGEMENTS
Jamesburg. with s inch solid con-
crete.
Road No. So Blazing Star-Roose-
welt, with 6 inch solid concrete base
and 2 inch Warrenite top.
Road No. 81 jackson Street-South
River. with 6 inch solid concrete base
and 2 inch Warrenite top. =.
AND WHEREAS specifications for said
improvements have been duly prepared by
The county engineer and duly approved
and contracts for said improvements have
been awarded on sealed bids received al
ter due advertisement; and
WHEREAS the estimated cost of said
Improvement to the county. exclusive of
sums contributed toward certain of said
improvements by the state of New Jer-
sey or by the municipalities through
which said roads run. but inclusive OF
incidental expenses properly chargeahie
as a part of the cost of said several i'm
provements and the cost of issuing bonds.
Is $3.50, 10000:
ny THE BOARD OF CHOSEN FREE
HOLDERS OF THE COUNTY OF
MIDDLESEX:
section /. That for the purpose of
paving the county's share of the improve
ment of said several roads specified in
the preambles hereof 1t is necessary to
raise the sum of s2bo.ooo;o 90.
Section 2. That there be issued pur-
4 OED - yha tnNNG Of 1nlE
and acts amendatory thereof. bonds of
the County of Middlesex to be known as
Road Improvement Bonds, Series IL, in
the amount OF ss5o.OOo.oo, which bonds
shall be dated the first day of April, 1921.
shall bear interest at the rate of six per
centum per annum. payable se~mi-annually
on the first day of April and the first
day of October In each year. shall be in
from / to $50. both inclusive. and shall
mature in numerical order ten bonds on
the first day of April of each OF the
years 1928 to 1929, both inclusive, and M
teen bonds on the FIRST day of April of
each of the years 1880 to 1874. both In
elusive.
Section 3. Said bonds shall be in such
form and payable principal and interest
in such medium. and at such place as may
be provided hereafter by resolution of this
this board, shall be signed by the Director
and Clerk of board and countersigned by
the County Treasurer. and the corporate
seal of the County OF Middlesex shall be
thereunto affixed. and IL coupons for the
payment of interest shall be attached.
they shall be executed by the fac smile
| signature of the County Treasurer.
Section 4. The Board of Chosen Free
holders of the County OF Middlesex hereby
determines and declares. as follows:
az That the probable period of useful
ness of each and all of the several road
improvements referred to in the pre-
smbles hereof. computed in accordance
with section 4, chapter 252 of the Laws
| ~ 1918 nc amhOHaA is NOT loss than
twenty years from the date of said bonds,
Cb) That the average assessed valua-
tion OF taxable real property ~lincluding
improvements of the County of Middle
sex, computed upon tho next preceding
three valuations thereof. being the valu-
ations for the years 1919. 1920 and 1891.
in the manner provided in session y Of
chapter 2S2 of the Laws or 1915. is
1913. 224,646.46.
(c) That the net debt of the County
Of Middlesex, computed in the manner
| provided in said section II, is S,026.9 l7.6s
I'D That the annual and supplemental
| debt statements required by section IL of
! chapter 252 Of the laws of 1915, as
amended, have been made and filed as
Section 8. That there shall be levied In
each year while any of said bonds shall
be outstanding. in the same manner and
and at the same time as other taxes. a
county sufficient TO produce the amount
of principal and interest 10 mature in the
succeeding year.
Section 6 That said bonds shall be
| sold on sealed proposals after due adver-
tisement by the County Treasurer in the
Perth Amboy Evening News and the New
Brunswick Daily Home News. being
newspapers published in the County Of
Middlesex, and in the Bond Buyer, being
a financial paper published in the City of
New York. The County Treasurer shall
have power to fix the date OF sale and
to prescribe the form Of notice; the Board
of Chosen Freeholders to award the bonds
and to reject any and all bids therefor.
Section Z. This resolution shall taxi
effect upon its publication. as provided by
section . OF chapter 252 of the laws OF
1916, in the Perth .Amboy Evening News
and in 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 de-
liyered.
The foregoing resolution was adopted
on the thirty-frst day of March 1921 and
bonds authorized thereby will be issued
and delivered after eleven A. NJ. on the
twenty-sixth day of April 1921. Any
suit. action or proceeding to set aside or
vacate this resolution must be begun
within twenty days after the publication
OF this statement.
THOMAS II. MULVIHILL.
Clerk OF the Board Of Chosen Freeholders
l457-4-2-1k 3