Perth Amboy evening news., 1922-07-07

no further amount is due the city OF
Perth Amboy for said year"
From the above it will appear there is
nothing further due from the State of
New Jersey or from the railroad as re
tciency was caused by the state using the
tax rate Of the previous year according
1920 and afterward repealed.
/ Yours very truly.
+. WILLIAM HILKER,
County Treasurer.
was received and ordered entered in the
minutes.
The Committee on Fire recommended
that the request of Lincoln Engine Com
pany to take apparatus to Harrisburg, Pa,
on October 9th. 1922. be granted, which
recommendation was on motion confirmed.
The following resolution offered by Mr..
Waters:
REsoLUTIoN PROVIDING FOR THE
EMERGENCY BONDS OF THE CITY OF
PERTH AMBOY.
Whereas, pursuant to Chapter 4 of the
Laws of 1916 and acts amendatory there
Of. the Board of Education and the Board
of school Estimate of the City Of Perth
Amboy have heretofore provided for the
payment to the school teachers of the
City of Perth Amboy of a bonus not ex-
Feeding thirty per centum (30%o) of their
regular annual salaries. such bonus to
apply during the school year ending June
so. 1872; and
Whereas, the amount required for the
paymen of such bonus has been certified
to this council by the Board of School
Estimate to be Fifty Thousand Dollars
Whereas, the budget for the year 1922
has heretofore been adopted and on pro-
vision has been made in such budget for
payment of such bonus, and 1t is necessary
that the said sum of fifty thousand dol
lars ($50. O00) to be provided, now there
Resolved, by the Council of the City Of
Perth Amboy that not exceeding fifty thou
sand dollars (S5o.Oo0) be borrowed upon
LN-l- % H. TtA a ID-.yI
Amboy, pursuant to Chapter 1872 of the
Laws of New Jersey of 1917 and Chapter
A of the Laws of 1919 and acts amerda-
tory thereof.
Be 1t Further Resolved that the City
Treasurer is hereby authorized to issue ana
sell the Emergency Bond or Emergency
Bonds of the City of Perth Amboy either
at public or private sale as he may deem
best at not less than par and accrued in
hereby authorized to fix the rate of inter
est and to determine any details not here
by determined without further authority
from this Count, provided that the tota.
aromunt of bonds issued under authority
hereof shall not exceed fifty thousand
dollars G50,000) and the rate of Interest
thereon shall not exceed six per centum
(6go) per annum.
Be it further resolved that the City
Treasurer and the Mayor are hereby au-
! thorized and empowered to sign said bonds
and the City Clerk to attest the same and
affix the seal of the city thereto.
Be it further resolved that an amount
| " u u
and interest thereon at maturity be in
cluded OF the budget for the year 1928.
Be it further resolved that said bonds be
issued in substantially the following form,
to wit:
No.. United States Of America 81.
State of New Jersey,
County of Middlesex,
City of Perth Amboy,
Emergency Bond.
KNOW ALL MEN BY THESE PRES
ENTs. That the City of Perth Amboy
Perth, in the County of Middlesex and
State of New Jersey is just indebted n
pay to the bearer, or if this bono be reg
istered to the registered holder hereof, on
the thirtieth day of June, 1928. the prin-
| with interest thereon at the rate of :. per
centum per annum from the date hsroo'
payable at the maturity of this bond. both
principal and interest to be payable at
prompt payment hereof both principal and
interest. as the same become due. the full
faith, credit and resources of said city
are hereby irrevocably pledged. This bond
is issued to meet the lawful expenditures
of said city for the payment Of additional
salaries to teachers in the public schools.
otherwise known as teachers bonu0 to an
amount not exceeding thirty per centum of
their regular salaries for the school year
as defined in and under the authority of
and in full compliance with Chapter 1872
Chapter 4 oft he Laws of 1919, and acts
amendatory. thereof and supplemental
thereto, and pursuant to a resolution duly
adopted by the City Council of said city.
three-fourths of the members thereof con-
curing. said municipality being without
funds to meet the necessities and condi-
tions created by the aforesaid emergency.
1t Is hereby certified and recited that all
acts, conditions and things required to ex-
list or required to be done precedent to
and in the issuance of this bond by the
laws and constitution of the State of New
Jersey have duly happened and been per-
formed, and that the total Indebtedness of
said city. Including this bond. does not
exceed any constitutions or statutory lin
~itation; ,
1t witness whereof. said city has caused
his bond to be signed by its Mayor and
Treasurer and its corporate seal to be
hereunto affixed, duly attested by its
City Clerk this .........day of.........
OBSERVATION-DISCLOSURES.
Mayor.
Treasurer.
Countersigned:
City Clerk.
was adopted by the following vote: Yea
Soeeld, Water, Patten, Mcclure, Clark,
Riedy. Calvin. Nay-None.
Motion by Mr.. Waters prevailed that
as a matter of record mention should be
made in the minutes that the 10000
school emergency bonds must be added to
report of the Finance Committee on re
port of audit Tor 1871 submitted at ms
meeting, which altogether. means that
$123, 900 must be included in the 1928
The following resolution offered by Mr..
Waters:
Resolved, that the Police Committee be
and Is hereby authorized to Purehase Tour
at a price rot to exceed s1io:oO; v.-