Perth Amboy evening news., 1922-09-14

The Board of Freeholders reserves tn
right to reject any or all bids. should
they deem 1t to the best interests of this
BY order Of the Board of Chosen Free.
holders OF the County of Middlesex
C.. CHNEIDER'
County Engineer.
1722s-9-9-12-14-1s.
CITY ADVERTISEMENT
An Ordinance to Provide for the Raising
of =. 10000 90 by the Issuance mhov OF to b0n be-
Known as General improvement
Bonds
Whereas. the City of Perth AmSoy has
outstanding temporary bonds issued 70 pay
the cost Of the purchase OF land necessary
for street purposes, and
whereas, in order to pay the city's share
Of the cost of the Improvement OF Ger
tain streets. Temporary bonds Tor the en-
tire cost OF said Improvement were mere
tofore authorized), and as follows: 1890
Purchase of land -. i,soo'oV
Parker st. Sewer..$ TOLLS
Pacific st. sewer. 11S.62
Pearl & Mechanic
Street Sewer 80. $3.50
Barclay St. Grade. 555l?
Cortland ST. Grade lls'ol
Grove ST. Curb and ~
Alpine st. Curb and
As Grn5s ss9.5S
Lawrence ST. Curb
and Grade ...... l'sSi2f
Total s,Ols.so
Etpense OF issuing
new bonds and e,o
other incidentals. S.'V
10000
Whereas. the said bonds will mature
during the year. 1922. and there are no
funds on hand for the paymen thereof
IL is necessary 10 raise the sum OF w.
10000 by the issuance OF bonds to proviue
funds 70 redeem said outstanding. temper
ary bonds and expense of issuing new
bonds and other incidentals, now therefore
BE IT ORDAINED BY THE CITY OF
Section i. That bonds of the said city
be issued in the sum of Eight Thousand
Dollars. to be DESIGNATED "Generai I'M
provement Bonds which shall be dated
October list. 1922. shall bear interest at
the rate of FIVE per centum (oFo1 per an
mum, payable on the first days OF Octooer
and April of each year, and shall pc IN
the denomination Of One Thousand Csl0o0)
Dollars each, and shall mature as tol-
lows: ootohar
in each of the years 1928 to 1880, in
elusive. ~. Il,
anch form and shall be payable principal
and interest in such medium and at sucn
place as may be provided by resolution
Of the Council. shall be signed py IN
Clerk, under the seal of the city, and II
the coupons for the payment OF interest,"
be attached they shall be xecutTr q ey rne
rasss snt,nn a. The Council Of the City of
Perth Amboy hereby determines and de-
clares: nor,od ~
usefulness of the improvements Tor when
said Temporary Bonds are issued l So
enteen years. computed iroin om1 ion
from the estimated date of the completion
Of the improvements and acquisition 9l
property for which said temporary bonos
were issued. .. valuation
of the taxable real property tncludlns ~,
provements) of said city, computed upon
the next preceding three yain IN SECTION Il,
Chapter 252, of the Laws OF 1915 as
amended. is s25,1sl,s3s; ~. c,tv q,
c) That the net dent Oh O., inc manner
nroyided in said section ~. Is $l.7Ss,oie.oe.
(d1 That the annual debt statement re-
quired by said section ~ .,p mas peetu debt
statenent required by said section was
made and filed as therein REQUIRED p dsbt
to the . inGu5rins to to b bse refundsd.
section 4. That there shall be levied IN
each year Nyhile any of the said bonos snait
be outstanding In the same MANN q ,ax npon
ali the taxable property or the salo city
sufficient to produce the amount OF prin.
cipal and interest to become due IN III
Susse section g.. Said bonds shall be sold by
the CITY treasurer in accordance Win
the statute and nd s mades IagssG details saA
Section G.. This ordinance shall axe e.
90, unon its publication as provided by
section 2, of Chapter e52. Of the Laws OF
1915, as amended. and the city CleaK shI in
mh,cb n shall be published and to specity
the date after which the bonds shall be
| issued and delivered. .roaucea
The foregoing ordinance was introouceu
"a na.sed on first reading at the meet
ing Of the Council. Of the City Q. r ,eHs
Amboy. N. j.. held September s1h; Inn ~" for
sacond and third readings and maj pas,
sage at the meeting of Council to De nera
September IS, 1922, in the Sop N +
dated, September Z. 1922
1T1s1-a-7-1I