Perth Amboy evening news., 1921-09-22
AN ORDINANCE

An Ordinance Making An Appropriation
for School improvements and Autnofiz+
ing the c Issuance a, psr Of go sG hoo s'h00' "oh''
Whereas the Board of Education OF
the City of Perth Amboy has decided that
it is necessary to raise the sum I'M OF ~, sig nnr.
pose of charging and furnishing the hlg1
school on State Street in said Guy, anu
has, pursuant to the PROVISIONS OF a aSs
Jersey entitled AN act to estapisa
thorough and efficient system OF tree
public schools and 10 provide ior ane
thereof.' approved October 10, 1908, and
the acts amendatory thereof, prepares
and delivered to each Snemper 81 tne
Board of School Estimate Of the CITY OF
Perth Amboy a statement of the amount
of money estimated to be necessary ior
such purpose; and rma.
of the City of Perth Amhoy has hxed ana
determined the amount necessary ZOE SuGn
purpose at Eighty Thousand (SSooool Dois
lars, and has made two certincates OF
such amount, one which was duly denv-
cred to the Board of Education and the
other to this Council; oNre,
BY THE CITY OF PERTH
AS FOLLOWS:
section /; That there is hersby =.
and furnishing the high school BUILDING
on State Street In the Cit of Perth Am:
boy. said building being of the type of
CCn9IIuCllOn as othito ~ Nj
A OBJ of the aforesaid act, that is to sayl
having outer walls Of brick or other marc
incombustible material, but falling TO cons
form in other respects to the specincation
of a freproof building as defined in said
act, the sum of Eighty Thousand NSo'oool
Section 2. That there be issued for the
purpose of raising said appropriation
bonds in the corporate name OF the Gity
Of Perth Amboy in the amount , 81 E hendy
shall be designated as school Bonds.
shall bear date of October I, 1921. shay
be in the denomination of One Thousana
both inclusive. shall bear interest at the
rate of six per eentum (6%) per annum1
payable s~emi-annually on the first day os
April and the first day Of October In esoh
year, and shall mature in numerical order
as follows; four bonds on the first day OF
october Of each Of the years 1879 to
the first day of October of each OF the
years 1888 to 1871. both inclusive. Said
bonds shall be signed by the Mayor and
Treasurer and attested by the City clers
under the corporate seal of the city. and
the interest coupons thereto attacned
shall be a ~ mt tied BY yre sss sacs'% Ths
principal and interest of said bonds shall
be payable at the office of the City
Treasurer sss,irn in The The Gritty STSps Of ps faihb A and gre.
dit of the City Of Perth Amboy are heres
by and shall remain pledged to secure
the payment of the principal and interest
City of Perth Amboy shall yearly, so long
as any of said bonds shall remain out
standing, cause to be assessed. raised and
collected by tax, in the same manner as
other city taxes are or shall be raised
and collected. the amount necessary to
meet the interest to accrue on said bonds
i'll the ensuing year and the principal OF
such bonds as shall mature in said year.
Section 4. Said bonds shall be issued In
such form as may be hereafter prescribed
by resolution of this Council. Said bonds
shall be sold upon sealed proposals. after
notice published at least twice, the first
publication to be at least ten days prior
.......,a newspaper published in the City
of Perth Amboy, and also in the .......l
.........., a financial paper published in
the City of New York. Such notice shall
be in such form as the City Clerk shall
deem best and he is hereby authorized to
fix the date of such sale.
Section 5. The proceeds of the sale of
school moneys and applied solely to the
purpose herein set forth.
Section 6. This ordinance shall take eff
feet upon its passage and publication as
required by law.
introduced. September Q, 1921,
Passed Sept. 10. 1921.
Approved Sept. 90. 1921.
on September goth. 1921. The bonds au-
thcrized thereby will be issued and de-
livered after the 18th day of October.
1921, and any suit, action or proceeding
to set aside or vacate this ordinance
must be begun within twenty days after
the publication Of this statement.
Dated. September %. 1921. 4.
ezo.-.,.,. ARTHUR .. GRAHAM