Perth Amboy evening news., 1922-07-06

Der l, 1921. and
whereas in pursuance to said resolu;
bonds maturing at different ines.
Now. therefore. in order to reduce the
amount outstanding of the Aforesaid bonds
to the sum of Two Hundred thousand
$500, 0OOD Dollars by reason of the receipr
of tax revenues approximating One Hun
dred Thousand Gi0o,oOo) Dollars.
Be 1t Resolved, that Tax Revenue Bonds
in the amount of Two Hundred Thousand
$500. 0O0D Dollars be issued, as follows
$50, 900. 90 to be dated June 10, 1929 and
to mature December 10. 1922; s32.0O0.00 to
cember is. 1922; s1I5. OOO.O 0 to be dated
June %, 1922, and to mature December
%. 1922.
Be it further resolved. that said bonds
shall bear interest at a rate not exceeding
six per cent; that the City Treasurer he
and hereby is directed to sell said bonds
in accordance with the Statute; said bonds
to be in such form as near as may be as
heretofore approved by this council, signed
by the Mayor. countersigned by the CITY
Treasurer. and a%ttested by the city clerk.
under the corporate seal of the City of
Perth Amboy.
was adopted by the following vote; Yea
Sotield' Waters, Patten. Mcclure Clark
The following resolution offered by Mr..
Waters.
Be it resolved by the Common Council
of the city of Perth Amboy that the
eral Improvement Bonds of the city of
Perth Amboy authorized to be issued by
an ordinance heretofore adopted be is
denomination of One Thousand S1,OOOl
each, bear interest at FIVE per centum
$50 per annum. payable semi-annually
June Is and December Is: both principal
and interest to be payable at the OFFICE oil
the City Treasurer in Perth Amboy; that
said bonds shall be numbered from one
% up. and shall mature in numerical
order-two bonds on June 10 of each OF
the years 1923 and 1924 and one bond on
80 - H.. 1QoE tn
1892. inclusive. and that said bonds. with
the coupons to be attached thereto, and
provisions to be printed on the PACK
| thereof shall be in substantially the fol-
lowing form:
No.. United States of America Nc
$1,000 State of New Jersey S1,OOo
City of Perth Amboy
General Improvement Bond
KNOW ALL MEN BY THESE PRES.
ENTS, that the City of Perth Amboy, a
| municipal corporation in the County OF
Middlesex, in the State of New jersey;
| hereby acknowledges itself indebted and
promises to pay to the bearer hereof
ONE THOUSAND DOLLARS
in lawful money of the United States of
America, at the office of the city Treas
urer in Perth Amboy, New Jersey, on the
fifteenth day of June, H., together
with interest tehreon at the rate OF hve
per centum per annum: at the same place,
on the fifteenth day of December and the
fifteenth day of June in each. year, on the
presentation and surrender of the coupons
attached hereto as they seyeraliy become m
due. At the request of the holder TINS
bond will be registered at the office of the
City Treasurer either as to principal or as
to the principal and interest.
This bond is one of an issue OF IKE
date, amount and tenor. except as to ma
turity. issued pursuant to the. provisions
of Chapter 252 of the Laws of New Jer-
sey of 1916 as amended. for the purpose
of paying for the purchase of machinery
and equipment for the the street ST esrt and mh0S
and is authorized by an ordinance OF the
City Council Of said city, dgiy az pnid
9pproved and published as required by
It is hereby certified that all conditions
this pond esit. have happened and have
been done and that every requirement. of
law affecting the issue hereof has been
duly complied with and that this bond is
within every debt and other limit prescrib-
ed by the constitution and laws of said
state, and that the faith and credit Of the
bly, pledged to the punctual payment OF
the principa land interest of this bond ac-
IN WfTNEsS WHEREOF. the City of
Perth Amboy has caused this bond to be
signed by its Mayor and Treasurer ana
porate seal of said City to be affixed
hereto and the coupons hereto annexed to
be executed by the facsimile signature or
it's Treasurer as of the fifteenth day of
June, 1922,
Mayor.
Attest
treasurer.
city clerk.
Coupon
The City of Perth Amoby in the State
of New Jersey will pay to the bearer
Twenty-Five dollars on the fifteenth day
Of :;;1s.'i at the m ofdi1s Of int the
est then due on its General improvement
Bond dated June 10. 1922. Mo-.
Back of Bond
Conversion Certificate
We hereby certify that we have this
day cut off and cancelled all the coupons
bond is hereby converted into a registered
bond and that the within bond is lereby
converted into a registered bond with the
interest payable thereon semi-annually.
Both principal and interest will be payable
to the registered holder named in the reg
istration blank below, his assignee or legal
pressed on the face of this bond.
Dated ....,,....1s...'.
Mayor.
city treasurer.
This bond may be registered as to prin-
Treasurer below and shall thereafter be
transferable only by written assignment
duly acknowledged, or proved, such trans
fer to be endorsed hereon and entered on
the books of said City Treasurer kept Tor
that purpose. Such transfer m<y be to
bearer" and the coupons will remain
payable to bearer unless and until all OF
them shall be surrendered and cancelled
as evidenced by the execution or the lore
going conversion certificate provided for
that purpose.
Date of Registry. Name Of Registered
Holder
....,.,......... ..............
city Treasurer Registrar
|
was adopted by the following vote: Yea
Sofeld, Waters Pattsn; McGuire' ciark'
The following resolution offered by MI
Patten: al
cause Hazel Avenue to be worked to the
established grade, and to issue Improve
ment Bonds in the sum of sl50O.OO to pay
the cost of same, and
Whereas. this council does intend 10
cause a severe to be laid on Barclay
street between Cornell and Groome
streets and to issue Improvement BONDS
in the su moi Two Thousand $(20OO.OO)
Whereas this council does intend to
cause the repaving of State street from
Smith to Market streets; Fayette street
from New Brunswick avenue; Safe street
from the Lehigh Valley Railroad Com
pany's lands to the end of brick rave
Whereas. the estimated cost Of same
is Twenty thousand (s2o,ooo) dollars for
which it is intended to issue General I'M
provement bonds.
Be II resolved that the City Treasurer
mental debt statement as of June LIST,
said statement to take into consideration
he aforesaid proposed Improvements.
vas adopsed ny th Pat toirowI Mec SIre' clark,
Riedy, Calvin. Nay-None.
The following resolution offered by Mr..
Waters:
INC IF one 5-passenger open type automO-