Perth Amboy evening news., 1922-04-10

AN ORDINANCE
To authorize the purchase OF fire ap-|
paratus and FIRE equipment approprtatins
the sum of Eighteen Thousand (s1s. 0o0)
Dollars to pay the cost Of same and au-
thorizing the issuance Of bonds therefor.
BE 1T ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That there be purchased FIRE
apparatus and fire equipment for the Fire
Department of the City of Perth Amboy
and that there be appropriated the sum
of Eighteen thousand Nls.o0o) to pay
the cost Of same.
suant to Chapter s52 of the Laws Of
1915. as amended. bonds Of the City Of
Perth Amboy to be known as General I'm
provement Bonds in the sum OF Eighteen
thousand Cs1s.o0o) Dollars which oonds
shall be dated the first day Of March.
1922, and shall be of the denomination
of One Thousand Dollars. to be num-
bered from 1 to Is. both inclusive. shall
mature in numerical order. two on the
first day of March In each Of the years
1924 TO 1932. inclusive. said bonds shall
bear interest at the rate of 5h % per an
mum. payable ~sim-annually on the first
day of March and the first day of Septem-
Der in each year.
Section 3. The said bonds shall be IN
such form and payab principal and IN
terest in such medium and at such place
as may be provided by resolution OF he
Council. shall be signed by the Mayor
and Treasurer. and attested by the City
Clerk under the seal of the City and II
coupons for the payment of interest be
fac-simile signaure OF the City Treasurer.
Section 4. That the Council OF the
City OF Perth Amboy hereby determines
and declares as follows;
(a) That the average probable period
of usefulness of the said fire apparatus
and fire equipment is ten years.
(b) That the average assessed ALL
tion Of the taxable real property dnclud-
ing improvements) of the said City. COM
puted upon the next preceding three val
ues thereof. in the manner provided in
Section 12 of the Chapter 252 of the Laws
of 1916. is s23. goa. 10000.
(o) That the net debt of the City Of
Perth Amboy. computed in the manure
provided in said Section IL. is s1,ssi,sos.-
(d) That the annual and supplemental
debt statement required by said section
IL have been made and filed as therein
REQUIRED.
Section s. That there shall he levied
in each year while any of the said bonds
shall be outstanding. In the same manner
and at the same time as other taxes. a
tax upon all the taxable property OF the
said City sufficient to produce the amount
of principal and interest to mature in the
succeeding year.
section 6. Said bonds shall bs sold by
the City Treasurer in accordance with
the Statute; said Treasurer shall have
the power to fix the necessary details.
Section q. This ordinance shall take
effect upon its publication as provided by
Section 2 of Chapter 252 of the Laws Of
1916, as amended. and the City Clerk
shall rave power to select the newspaper
in which 1t shall be published and to
specify the date after which the bonds
shall be issued and delivered.
The foregoing ordinance was ordered
passed on first reading by the following
vote: Yea-Sofeld, Waters, Patten. Nc
CURE. Clark, .Riedy. CALVIN. Nay-None.
rrkA falINvv4no ArIfpanna uraC nfor1A hX
Mr.. Waters. which ordinance was read in
full by the Clerk:
An ordinance to authorize the pur-
chase of Machinery. Equipment, Tools and
Furnishings and Appropriating the sum
of Five Thousand Dollars to pay the cost
of same and authorizing the issuance of
BE 1T ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That there be purchased
machinery. equipment, tools and furnish
ings for the various departments in the
appropriated the sum Of Five Thousand
Dollars to pay the cost Of same.
Section 2. That there be issued pursu-
ant to Chapter 262 of the Laws Of 1915.
Amboy. to be known as General Improve
ment Bonds in the sum of Five Thousand
Dollars, which bonds shall be dated the
first day of March, 1922; and shall be of
kAAO ~ Inv 80
lars. to be numbered from 1 to s. in
elusive; shall mature in numerical num-
Der, one on the first day of March in each
of the years 1928 to 1927. inclusive. Sail
5h% per annum payable s~emi-annually
on the first day of March and the first
day of September in each year.
Section 3. The said bonds shall be in
such form and payable principal and In
terest in such medium and at such place
as may be provided by resolution of the
Council. shall be signed by the Mayor and
Treasurer. and attested by the City Clerk
under the seal of the City. and If coupons
for the payment of interest be attached
they shall be executed by the facsimile
signature of the City Treasurer.
Section 4. That the Council of the City
of Perth Amboy hereby determines and
declares as follows;
(a) hat the average probable period
of usefulness of the said machinery, tools
and furnishings Is six years;
(b) That the average assessed vaiua-
tion of the taxable real property (includ-
ing improvements) of said City computed
upon the next preceding three values
thereof in the manner provided in Section
IL of Chapter 252 of the Laws of 1915, is
$23. 203, 30S.0
(c) That the net debt of the City of
Perth Amboy. computed in the manner
provided in said Section IL, is $1,389,-
sos. 5s;
(d) That the annual and supplemental
debt statement equired by said Section
IL have been made and field as therein
required.
Section 5. That there shall be levied
in each year while any of the said bonds
shall be outstanding in the same manner
and at. the same time as other taxes, a
tax upon all the taxable property of the
City sufficient to produce the amount OF
principal and interest to mature in the
succeeding year.
Section 6. Said bonds shall be sold by
the City Treasurer in accordance with the
Statute; said Treasurer shall have power
to fix the necessary details.
Section z. This ordinance shall take
effect upon its publication as provided by
Section 2 of Chapter 252 of Laws of 1916,
as amena4, an the City Cle-a shall
have the power to select the newspaper
in which il shall be published and to
shall be issued and delivered.
The foregoing ordinance was ordered
passed on first reading by the following
vote: Yea-Sofeld. Waters, Patten. Nc
CURE. Clark. Riedy. Calvin. Nay-None.
Clark:
Resolved. that the Committee on Fire b.
empowered to purchase STANDARD fire
equipment at cost not to exceed $4,000
-Soheld. Waters. Patten. Mcclure. Clark
Riedy, Calvin. Nay-None.
TIT following resolution offered by Mr.
Mcclure:
lie Grounds and Buildings be empowered
TO have telephone switchboard moved
from the first floor of City Hall to SECOND
floor OF same building at cost not to ex
coed $4,000.
was adopted by the following vote: Yea
Riedy, Calvin. Nay-None.
The following resolution offered by Mr.
| Mcclure:
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