Perth Amboy evening news., 1922-04-01
An ORDINANCE

An ORDINANCE
To nave Gordon street from Rector
street 20 Front street, Harrison Piae,
from State Street TO High street, Woodruff
Place from High Street to Rector street
Park Avenue from Broad street TO Wash
ington street. Lehixh Avenue from Pros
pect street TO the lands of the Lehigt
valley Railroad Company. Grant street
from Market Street to its southeriy ter.
minus. fayette street from stanford str yet
TO Its westerly terminus. and fayettt
street from Maple treet to Central Rail
road Of New Jersey. and providing for the
issuance Of not exceeding sist.000 tenn
porary Improvement bonds Of the City
BE 1T ORDAINED BY THE CITY or
PERTH AMBOH.
Section I. That Lchigh Avenue fr9rl
Prospect Street to lands OF the Lehigh
valley Railroad Company be paved with
concrete. and Gordon street from Rector
Street 10 Front Street. Harrison Place from
state street 10 High street. Woodruff
Place from High street to Rector Street.
Park Avenue from Broad Street TO WASH
ington street. Grant Street from Market
street 20 is southeriy terminus, Faye;tc
street ffeta stanford street 20 It's wester-
~ terminus and Fasstte Street from
Maple street 60 the central Railroad Of
New Jersey, be paved as local improve
msnts, the cost 81 which shall be assessed
upon lands benefited thereby. in accord
ance with the plans ana specifications pre-
pared by the City surveyor either with
warrenite. Asphalt Block or Sheet As
phalt as may hereafter be determined by
this Council after advertisement and re-
cefpt OF bids including the several matters
incident and appurtenant to said paving
and shown by said plans.
Seton ?. said work shall be done un-
der the direction of the city Surveyor.
the Comittee on Streets and Sewers and
the superintendence of the Street Com
missioner.
Section 8. The owners of any lands on
said streets shall. within forty days after
passage of this ordinance. make the leces-
sary connections with the water. gas and
sewer main in sadi streest.
Section 4. There shall be issued to meet
the initial cost of such Improvement tom
porary Improvement bonds of the City of
Perth Amboy. in an amount not to exceed
One Hundre twenty-one Thousand tsl2ii-
000) Dollars. which bonds shall bear IN
terest at not exceeding six per centum
(6Go) per annum, payable semi-annually.
Section 8. Said bonds shall be in such
form as has been provided by resolution
for temporary Improvement bonds OF the
City of Perth Amboy, shall be signed oy
the Mayor and Treasurer. and attested by
the 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.
The said officers who ara to sign the bonds
may fix any details not fixed by resolution
of this Council or by this ordinance.
Section 6. There shall be levied in each
year while any of the bonds shall be out
standing in the same manner and at the
same time as other taxes. a tax in amount
not less than three per centum $50 OF
the principal of such temporary bonds
certified to be outstanding prior to the an
nual budget in each year. provided that
such amount may be reduced in any year
by the amount of assessments actually
collected and held for the payment of
such bonds.
Section 7. The City Treasurer be and
hereby is directed to negotiate the sale of
said bonds according to the Statute.
The foregoing ordinance was introduced
and passed on first reading at the meeting
of the Council of the City of Perth AM
boy. held March 90. 1929. and will be
taken up for second and third readings
and final passage. at tho meeting of :he
Council to be held April 8. 1922. in the
Council Chamber. City Hall, Perth Am
boy. N. ].
Dated, March %, 1922.
ARTHUR E. GRAHAM,
1~2252-3-23-4-1 City Clerk.