Perth Amboy evening news., 1921-04-05
1921 CITY DEBT
TAKES A DROP
Last Years Debt Decreased
BY $92,209 During Year.
$4,000 Bond to Be Issued

The city's debt at the present time,
including $4,000 in bonds author
lied by the aldermen last night for
general improvements, amounts 10
$1,454,304.04 or s1O,210.56 less than
last years debt. The percentage the
present debt bears to the average
assessed valuation is 6.72. During
the year the city's debt was de-
creased by $92,209.56, the report of
City Treasurer Ferd Garretson
shows, dropping from S1,454, ,SO4.04
to S1,373.305.04. This latter amount
is the actual debt of the city at the
present time but the $4,000 worth
of bonds which have been author
lied but not yet issued are included
in the statement, making the debt
S1,464, 4,514.60.
The 1918 assessed valuations
We're $20,790.732, the report states,
those of 1919 were $21,4SS,34S and
those of 1920 were $22, 2,5S9, 1O2,
making an average for the three
years of 21,622,727.
The Pennsylvania Railroad had
communication before the board in
which it stated that owing to the
present financial situation they were
installing sidings only for individ-
uals, where applicants assumed the
entire expense. Applicants are reim-
bursed. however. the letter stated,
so much per carload for portion of
the track construction from the point
of switch to the clearance point. The
estimate of the railroad company
for the proposed switch and siding
at Inslee street, this city, would be
$4,000 The portion the city will be
reimbursed will be approximately
$3.50, the letter states. The alder
men are asked whether they desire
the siding constructed under these
terms or whether they wish to hold
the matter in allegiance. The matter
was referred to the committee of the
whole.
The street paving ordinances, COW
ering Brighton avenue, Maple street,
Brace avenue and Convery Place,
were unanimously adopted when up
for final action. A report from the
city comptroller showed the snow
removal here cost s5,507.01. An or
dinance authorizing the issuance of
$4,000 general improvement bonds
covering cost of the city stables and
garage, city hall alterations, Madison
avenue white way" new street
signs, new fire apparatus and new
police patrol, was passed unani-
IuOuSiy III III Sl lNodiHSs
Alfred II. Puerschner. county jail
warden, had a letter before the al
dermen expressing his thanks for the
assistance rendered by the Perth
Amboy police in recapturing John
Shanko, an escaped inmate of the
jail.
The meeting adjourned until
Wednesday night.
Rev. Francis Gross, rector of the
Church of Our Lady of Hungary
and one of the officials of the Cort-
landt Realty & Investment Company.
had letter before the board asking
for certain improvements in the
neighborhood of Pulaski avenue,
Cortlandt and Catherine streets
where his caurch is contemplating
the erection of large school. The
proposed school will occupy almost
an entire block. A request is made
for street lamps at the corner of
Pulaski avenue and Corulandt street
and at the corner of Pulaski avenue
and Catherine street. The alder 'nen
are also asked to establish Il grade.
curb and fill with ashes parts of
Cortlandt and Catherine streets and
Pulaski avenue near the proposed
location of the new school. A re-
quest for city water and sewers
where they are lacking is also con-
tanned in the letter which informs
the board that the Cortlandt Realty
6 Investment Company. which owns
most of the property in that vicinity,
will pay it's share of the expense.
The letter was referred to the COM
.nittee of the whole.