Perth Amboy evening news., 1922-06-20
premiums
FOR CITY BONDS
City's Credit Still Good in
Bond Buying Circles, it
is Shown

The sale of s67 900 general i'm.
proyement finding bonds. $4,000
general Improvement bonds and
$4,000 water bonds conducted By
City Treasurer Ferd Garretson last
Thursday brought prices which
show the city's CT edit still to be good
in bond buying circles. The general
improvement funding bonds and
general improvement bonds were
sold to j. s. Rippell & Company. {
b. j. Van Ingen & Company, they
being the respective high bidders.
The aldermen last night confirmed
the action of the city treasurer IN
selling these bonds. There were
three bidders on each lot Of bonds.
all of which were Ave per csHS
bonds. W
The bids were as follows:
Perth Amboy Trust Company on
$4,000 general Improvement fund
Ing bonds. s~67.542.70; $4,000 gem
eral Improvement bonds. l 2,o0s.fo;
$4,000 water bonds. $~16,1S7.20.
B. J. Van Ingen & Company on
$4,000 general Improvement fund
Ing bonds, $~67,610.30; $4,000 gen.
eral Improvement bonds. $12,065;
$4,000 water bonds, s16,425.
J. $. Rippell & Company on $780,
Oe0 general improvement funding
bonds. $67,6S9; $4,000 general i'm
provement bonds. s12,1S1; $4,000
water bonds, $16,419.
A communication was received
from the water board requesting the
renewal Of a note for $4,000 due
July 1. This was referred to the
finance committee and later in the
meeting a resolution was passed au-
thorizing the treasurer to renew this
note for four months.
An ordinance to resurface State
street from Smith street to Market
street. Fayette street from New
Brunswick avenue to Madison ave-
nue., and State street from the Lee
high Valley railroad bridges to the
end of the brick pavemen and au-
thorizing the issuance of s20, 900
general improvement bonds was
passed unanimously upon first read
Ing. Included in this street repair
work, Alderman Patter stated,
would be the repair of bad holes
along Market and Sheridan streets.
Ordinances authorizing the issu-
ance of $500 temporary improve
ment bonds to pay the cost of grad
ing Hazel avenue and $4,000 tenn
porary Improvement bonds for a
sewer in Barclay street from Cornell
street to Groome street were unan-
third readings.
The FrankIin Contracting Com
pany, makers of the National pave
ment which was used by the free
holders in repairing outer Amboy
avenue and which will be used by
the county in repairing outer State
street. had an invitation before the
board requesting the members to be
their guests o n AN inspection trip to
New Haven. Conn, where they de-
sifs to exhibit a road LAID By them
pavement. In addition to members
Of the board, the city engineer and
any others whom the aldermen
might see fit to take along, were in
vtted to make the trip going to New
York by train where the party would.
be met and taken in automobiles to
New Haven. The communication in
formed the aldermen that this COM
pany had located a plant in Middle.
sex county and is anxious to bid OF
any paving work which the city
might contemplate having done. The
letter was referred to the committee
of the whole.
copy of the resolution adopted
by the 'freeholders last week turn
ing over to the city that part of Am
boy avenue which has just been re-
paired north of a point 100 feet north
of Inslee street to the city line. was
received, approved and spread on
the minutes.
A petition signed by seven resi-
dents in the section affected, COM
planned of the use of the south end
Of Cortlandt street and Charles street
as a dump by certain persons. The
property used as such. belongs TO
the railroad, the petition States. and
the aldermen are asked to end this
nuisance which is detrimental TO
health. 1t was referred to the street
committee.
The ordinance re-establishing the
easterly line of Madison avenue from
Smith to Market street, passed on
second and third readings. The city
clerk was authorized 10 advertise
for bids for the audit of the city's
books for 1922. same to be received
at the meeting OF July 3. The city
clerk was also instructed to notify
the Public Service Railway Company
to resume s~prinkling the streets. The
lamps and lights committee was en-
powered TO advertise for bids on one
cylinder for a ESQ h. p. Bolinder en-
CINE to be received July 3 at 8 p. m.
daylight saving time.
Adjournment was taken until next
Monday night at which time a spe-
ciar meeting also will be held.