Perth Amboy evening news., 1922-04-01

To authorize the purchase Of Fire Ap-
paratus and Fire Equipment. Appropriat-
0oO) Dollars TO Pay the Cost of same and
Authorizing the Issuance Of Bonds There
BE IT ORDAINED BY THE CITY OF
PERTH AMBOY:
section 1. That there be purchased nre
apparatus and fire equipment for the Fire
Department OF the City of Perth Amboy
and that there be appropriated the sum
Of Eighteen Thousand H1s,00O) Dollars TO
pay the cost of same.
Section 2. That there be issued pursu-
ant to Chapter 252 of the Laws Of 1915.
as amended. bonds of the City Of Perth
Amboy to be known as General Improve
ment Bonds in the sum OF Eighteen
thousand ISIS. 00o) Dollars. which nds
shall be dated the first day OF March
1879. and shall be of the denomination
Of $1,000 to be numbered from 1 to
Is. both inclusive: shall mature In numer-
iral order. two on the first day of March
such form and payable principal and IN
elusive. said bonds shall bear Interest
at the rate OF 5h q per annum. payable
semi-annually on the first day OF March
and the first day Of September In Zach
year.
such form and payable principal and In
terest in such medium and at such place
as may be provided by resolution OF this
Council, shall be signed by the Mayor and
Treasurer. and attested by the city Clerk
HllEN II FfhA
for the payment of interest be attached
they shall be executed By the fac-simile
signature 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.;
tb) That the average assessed valu-
alton of the taxable real property lin
Guiding 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 s23. 203. 3Os.0O:
(c) That the net debt of the City Of.
Perth Amboy, computed in the man
ner provided in said Section IL. is
$685.. 90s.5s;
fd) THAT the annual and supple
mental debt statement required by said
section IL have been made and filed 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
said City sufficient to produce the amount
of principal and interest to mature in the
succeeding year.
Section G. said bonds shall be sold by
the city Treasurer in accordance with the
statute: said Treasurer shall have the
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 the Laws OF
1916. as amended, and the city Clerk
shall have power to select the newspaper
in which IL shall be published and to spe-
city the date after which the bonds shall
be issued and delivered.
The foregoing ordinance was introduced
and passed on first reading at the meeting
of the Council of the City of Perth Am
bow, held March card. 1922. and will he
taken up for second and third readings
and final passage at the meeting OF the
Council to be held April 3rd. 1922. in the
Council Chamber. City Hall, Perth Am
boy. N. J.
Dated, March sith, 1922.
ARTHUR E. GRAHAM,
1s339-3-25-4-1 City Clerk. |