Perth Amboy evening news., 1922-03-18
AN ORDINANCE

An Ordinance to pave Gordon Street
from Rector Street to Front Street; Har-
risOn Place from State Street to High
street,; woodruff Place from High Street
to Rector Street: Park Avenue from 3road
street to Washington Street; Lehigh Ave-
Bue from Prospect Street to the lands of
the Lehigh Valley Railroad Company ;
Grant Street from Market Street to its
stanford Street to its westerly terminus
and providing for the ~suanc of not ex-
eeedins s12i 900 Temporary Improvement
Bonds Of the City Of Perth Amboy.
BE 1 t ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That Gordon Street from
Rector Street to Front Street. Harrison
Place from State Street to High ctreet;
Woodruff Place from High Street to Rec
tor Street: Park Avenue from Broad
Street to Washington Street. Lehigh Ave-
nue. from Prospect Street to the lands OF
the Lehigh Valley Railroad Company.
Grant Street from Market Street to its
southerly terminus: Fayette Street from
Stanford Street to its westerly terminus
of which shall be assessed upon lands
benefited thereby, in accordance with the
plans and specifications prepared by the
city Surveyor. either with Warrenite.
Asphalt. Block or Sheet Asphalt as may
hereafter be determined by this Council
after advertisement and receipt OF bids
including tho several matters incident
and appurtenant to said paving and Thown
Section 2. Said work shall be done under
the direction of the City Surveyor. the
Committee on Streets and Sewers and the
superintendence of the Street Commits
sioner.
Section 8. The owners of any lands on
said streets. shall. within forty days nf-
ter passage of this ordinance. make the
necessary connections with the water, gas
and sewer mains in said streets.
Section 4. There shall be issued to meet
the initial cost OF such Improvement tenn
porary Improvement bonds of the City If.
Perth Amboy. In an amount not to ex-
coed One Hundred Twenty-One H121. 0o0)
DolIafs, which bonds shall bear interest
at not exceeding six per centum (6%)
per annum. payable s~emi-annnaily.
Section S. Said bonds shall be in such
form as has been provided by resolution
for temporary improvement bonds of the
City of Perth Amboy. shall be signed by
the Mayor and Treasurer. and attested
by the Clerk under the seal of the City.
and IL coupons for the payment of inter-
est be attached. they shall be executed
by the facsimile signature of the City
Treasurer. The said officers who are 10
sign the bonds may fix any details not
fixed by resolution Of this Council or bv
this ordinance.
section s.. There shall be levied in each
year while any OF the bonds shall be out
standing, in the same manner and at the
same time as other taxes, q tax in amount
not less than three Per centum (S%) of
the principal of such temporary bonds
certified to be outstanding prior to the
annual budget in each year.. provided that
such amount may he reduced in any year
by the amount OF assessments actually
collected and held Tor the payment of
such bonds.
Section Z. The City Treasurer be and
hereby Is directed to negotiate the sale
of said bonds according to the Stat ute.
The foregoing ordinance was introdu-
ced and passed on first reading at the
meeting of the Council of the City Of
Perth Amboy. N. j., held March s. 1922.
and will be taken up for second and
third readings and final passage. at .he
meeting of the Council to be held March
20. 1922. in the Council Chamber, City
Hall. Perth Amboy, N. J.
Dated, March ., 1922.
A. 4. GRAHAM,
lfs31-3-s-16-1s City Clerk.