Perth Amboy evening news., 1922-08-17
AN ORDINANCE
Providing for the Issuance of s $1,000 Water
Randi for tba Citx ~ partb

Providing for the Issuance of 81. 900 Water
Bonds for the City of Perth AmbOy.
Whereas, the Board of Water Commits
sioners OF the City of Perth Amboy has
passed a resolution r~eciting that it deems
necessary the following pipe extensions
and improvements to the existing water
works system owned by the City of
Perth Amboy, to wit:
Packer Place from New Brunswick Ave-
quo to sayre Avenue. 542 feet of pipe ex-
tension.
Keene Street from Kriel Street to p. r..
r., 500 feet of pipe extension.
Keene Street from Amboy Avenue TO
Chester Street, 500 feet of pipe extension.
RarItan Avenue from No. IA to North
End, $50 feet of pipe extension.
Barclay Street from Cornell to Groom
Street. $50 feet of pipe extension.
Arnold Avenue. from Amboy Avenue to
tombstone Street, 1885 feet of pipe extern
Leon Avenue from Pine to East of
Francis street, $40 feet of pipe extension.
Now, therefore, Be 1t ordained by the
City of Perth Amboy:
Section l. That, for the purpose of
meeting the cost Of extensions and i'm
system Of the City of Perth Amboy, it is
necessary to raise the sum of Seven Thou
sand $4,000 dollars.
Section 2. That there be issued pur-
suant to Chapter 252 Of the Laws of 1916.
as amended, bonds of the City of Perth
Amboy. to be known as Water Bonds, in
dollars.
Section 8. That said bonds shall be in
such denomination and form and payable
principal and interest in such medium and
at such times and place and bear interest
at such rate as may be provided by reso-
luton of the council, shall be signed by
Mayor and the Treasurer and attested by
the city Clerk under the Seal of the City,
and II coupons for the payment of interest
be attached they shall be executed by the
facsimile signature of the City Treasurer.
Section 4 The Council Of the City OF
Perth Amboy hereby determines and de-
rlares that the probable period of useful
ness of said extensions, referred to in the
preamble hereof is not less thar forty
years.
Section s. There shall be levied in each
year, while any of 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 said city, suf-
fcient to produce the amount of principle
and interest to mature In the succeeding
year, provided that such levy may be re-
duced in any year by any, amounts actually
applied to such principal and interest out
OF the earnings of the water works sys-
tenn for said year.
Section 6 This ordinance shall take effect
upon Its publication as provided by Sec
tfon 2 OF Chapter 262 of the Laws Of
1915. az amended, together with the state
ment required by the said section and tn
City Clerk shall have the power to select
the Newspaper in which 1t shall be pub
1ishsd and to specify the date after which
the bonds shall be issued and delivered.
The foregoing ordinance was introduced
and passed on hrst reading at the meeting
of the Council of the City OF Perth Amboy,
n. j., held August 7. 1922, and will be
taken up for second and third readings
council to be held August 81. 1922, In
the. Council City Hail. Perth
Dated. August II. 1872; en,u,n
1Gkct-S.11x1Y City Clerk.