Perth Amboy evening news., 1922-07-01
AN ORDINANCE

AN
An Ordinance to Repave State street Be
tween Smith and Market Streets with
Bituminous Material Over the Present
asphalt Pavement on 2 son from S an1
Brunswick Avenue to Madison Avenue
with Bituminous Material over the Pres
cret. Base: state street from the Lands
of the Lehigh Valley Railroad Com
pany Running North to the end Of Brick
Pavement with Bituminous Material over
the Present Brick Pavement Covering a
Concrete Base. and to Provide f0r the
Issuance of Twenty. Thousand Dollars
General Improvement Bonds.
BE 1T ORDAINED BY THE CITY OF
PERTH AMBOY'
Smith and Market Streets be repaved with
bituminous material over the present as
phalt pavement ON a concrete and stone
Sase. Fayette street from New Brunswick
Avenue to Madison Avenue with bitumi-
nous material over the present brick pave
ment covering a concrete base; state
street from the lands OF the Lehigh val
ley Railroad Company running north to
the end OF brick pavement with oitumi-
nous material over the present brick pave
ment covering a concrete a Ias he son. Nm.
der the direction of the City Surveyor. and
the Committee on Streets and Sewers, ana
the superintendent of the Street Conn
missioner.
Section 3. Said work shall be done as a
general improvement, in accordance With
specifications prepared by the City sur
veyor.
Section 4. That there be issued General
Improvement Bonds in the sum OF Iwen-
shall be dated July 1, 1922 and shall be
of the denomination of One Thousand
ISL. 000) dollars. to be numbered from one
to twenty inclusive. shall mature In nu.-
merical order. four on the first day OF
July in each CT the years 1924 to 1928
inclusive. Said bonds shall bear interest
at the rate of five per cent NTo) per
annum payable semi-annually on the frst
day of July and the first day OF January
in each year.
of Perth Amboy hereby determines and
declares as follows.
(a) That the probable period OF useful
ness of said improvement is six years.
(b) That the average assessed valuation
of the taxable real property dncluding
improvementso Of said city eomp1rea
thereof. in the manner provided In Section
~ Of Chapter 252 of the Laws OF 1915 is
(c) That the net debt Of the City of
Perth Amboy, computed in the manner
provided in said Section IL. is $780,
sss.7s:
I'd That the annual and supplemental
debt statement required by said section
~ have made and filed as therein re-
quired.
Section 6. That there shall be levied In
each year while any of the said bonds
shall be outstanding. in the same manner
tax upon all the taxable property of the
said city sufficient to produce the amount
of principal and interest to mature In the
succeeding year.
Section Z. Said bonds shall be sold by
the City Treasurer. in accordance with the
Statutes. said Treasurer shall have power
to fix the necessary details.
Section s. This ordinance shall take ef-
feet upon it's publication as provided by
Section 2 of Chapter 252 of the Laws OF
1916, as amended, and the City Clerk
shall have power TO select the newspaper
in which 1t shall be published and TO
specify the date after which the bonds
shall be issued and delivered.
The foregoing ordinance was introduced
and passed on first reading at the meeting
of the Council of the City of Perth Am
boy, held June 10. 1929, and will be taken
up for second and third readings and
final passage at the meeting of the Coun-
Gil to be held July 8, 1929. in the Council
Chamber, City Hall, Perth Amboy. N. j.
Dated. June 20. 1922.
14qe3-6-21-7-t City Clerk.