Perth Amboy evening news., 1922-09-21

Proceedings of the Board OF Aldermen Q
the City of Perth Amboy, n. D.
August 21st, 0 2

OH LduTlc olIttl, dlIt1biy oPpoSibt th'
Hospital, was received and referred t.
the Committee on Lamps and Lights.
Petition for regulating the schedule
for running buses, was received and re
ferred to the Committee on Auto Buses.
Letter from the Amalgamated Associa'
ton of Street and Electric Railway EN-
ployees in reference to schedule for run
ming buses, was received and referred
to the Committee on Auto Buses.
Letter from the Jersey Central Trac.
ton Company in reference to bus oper.
alton, was received and referred to the
on Auto Buses.
Petition to have Penn Street paved
from Hall Avenue to agile Avenue. was
received and referred to the Committee
on Streets and Sewers.
Petition of Rudolph A. Kish for ap-
pointment as constable for the Sixth Ward
was received and referred to the Com
mittee on Judiciary.
The following ordinance was offered by
Mr.. Patten. which ordinance was read in
AN ORDINANCE
To Grade and Curb New Brunswick
Avenue from the end of the present brick
pavement at Rathburn Place running
westerly to the City Line and providing
for the issuance of not exceeding SIS. 900
temporary improvement bonds of the City
or Perth Amboy to pay the cost thereof.
BE IT ORDAINED BY THE CIT OF
PERTH AMBOY:
Section 1. That New Brunswick Ave-
nue. from the end of the present brick
pd'cHieHt at ItdtnDuTn PlaCe to City Line
be graded and curbed as a local i'm
provement in accordance with the plans
and specifications prepared by the City
surveyor. hereby approved, the cost Of
which shail be assessed upon .ands BEN
ehtted thereby.
Section 2. Said work shall be done
under the direction of the City Surveyor.
the on Streets and Sewers and
missioner. o
Section 3. The owners of any land, on
said street shall within forty days after
passage of this ordinance make the neces-
sary connections with the water. gas and
sewer mains in said street. ~
section 4. There shall be issued to
meet the initial cost of such Improve
ment temporary Improvement bonds of
not to exceed Fifteen thousand fs1b OooS
dollars which bonds shall bear interest
at not exceeding six per cent. (6%) per
annum payable se~ni-annually.
section 8. Said bonds shall be in sucb
form as has been provided by resolution
TOT temporary improvement bonds of tha
CITY OF Perth Amboy, shall be signed Inv
me mayor and Treasurer and attested by
.ne clerk under the seal of the CITY. and
II coupons for the payment of interest
De attached. they shall be executed bv
the facsimile signature of the CITY Treas.
a he me said officers who are to sign
by resolution of this Council or by this
ordinance. ""-
section 6. There shall be levied in eacb
year while any of the bonds shall be
outstanding. in the same manner and at
the same time as other taxes, a tax IN
amount not less than three per centum
SS%o OF the principal of such Temporary
p " eertihed to be outstanding prior
10 the annual budget in each year, pro
vided that such amount NAV be redrced
In any year by the amount of asessmant
actually collected and held for the paw
ment of such bond.
section z, The Cifv nrraoc,.- -,
hereby is directed to negotiate the sale
OF said bonds according to the statute.
me FOREGOING ordinance was ordered
passed on first reading by the folIowins
vote: Yea-Sofeld. Waters, Patten. Nc.
CURE. Clark. Riedy. Calvin. Nay-None
The following ordinance was offered b,
fnu; Wa.ers' which ordinance was read "
An ordnance Providing for the Raisinr
OF $61. 10000 by the Issuance of Pari
Bonds Of the City of Perth Amboy.
Be ~ DREAMED BY THE CRY or
Section /: That for the purpose of pro.
Vlding funds to purchase lands adjacent te
ana iying on both sides of Bay View Parl
IN the CITY OF Perth Amboy for park pur,
poses. said lands consisting of two fract,
one known as the King tract, and th,
other, the Meredith tract, the said las
tract including the Riparian Rights, to
necessary to raise the sum of Sixtv-on,
thousand ($6100o.00) Dollars.
Section 2. That there be issued, pur
suant to Chapter 252 of the Laws of 1916
as amended. bonds of the City of Peril
Amboy to be known as Park Bonds IL
the amount of Sixty-one thousand Cs61,
uoo2 Dollars or such lesser amount a
upon the sale thereof in the manner pro
vided by law shall be sufficient to rails
said sum.
Section 8. That said bonds shall be IL
such form. bear such date, mature a
| Snnh fira and hA navah1o y,rfpripaI ~,
interest in such medium and at sucl
place as may be provided by resolution
of the council. shall be signed by tn
mayor and the treasurer and attested b.
the city clerk under the seal of the city
and if coupons for the payment OF inter
est be attached they shall be executed b.
the facsimile signature OF the city treas
urer.
Section 4. That the council of the cit,
of Perth Amboy heeby determines an
declares as follows:
(a) That the probable period of use
fulness of the property described in Sec
ton / hereof is not less than forty year
from the date of acquisition thereof.
(b) That the average assessed valua
ton of the taxable real property Unclud
ing improvements) of said city. computes
upon the next preceding three value
thereof. in the manner provided in Sec
ton 10 of Chapter 252 of the Laws o
1915, is $25, 1S1. S3S.
Id That the annual and supplemental
debt statement required by said Section
IL have been made and filed as therein
required.
Section 5. That the full faith ant
credit of said city shall be pledged to tn
punctual payment of the principal of ant
interest on said bonds and there shall
be levied in each year while any of saiC
bonds shall be outstanding in the sam,
manner and at the same time as othe
taxes, a tax upon all the taxable propert!
in said city sufficient to produce tn
amount of principal and interest to ma
ture in the succeeding year.
Section 6. This ordinance shall talk,
effect upon its publication. as provided
by Section 2 of Chapter 252 of the Law
of 1916. as amended. and the city clerl
shall have the power to select the news
paper in which 1t shall be published ant
to specify the date after which the bond
shall be issued and delivered.
The foregoing ordinance was ordered
pass l on first reading by the following
vote: Yea-Sofeld. Waters, sPatten, Nc
Guire. Clark. Riedy. Calvin. Nay-None
The following ordinance was offered b.
Mr.. Patten, which ordinance was read Il
full by the Clerk:
An Ordinance to Authorize a Local I'm
provement. to Wit: The Paving 70 Am
boy Avenue from Myrtle Street runninl
located by an Ordinance adopted on tn
Northwesterly to the City Line as Re
Twenty-first day of August, 1922 and I
Provide for the Issuance of Not Exceed
ingSf65. 100000 Temporary improvement
Bonds of the City of Perth Amboy.
WHEREAS. the Council Of the City o
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