Perth Amboy evening news., 1922-04-06
CITY ADVERTISEMENT
AN ORDINANCE

o-.,.rce In authorize the purchase
achinery. Equipmnt. Tools ana fur-
nIshings and appropriating tine SUN -
Five Thousand Dollars 70 the issuance Of
bonds therefor.
RE 1T ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That there be purchaseo
machinery. equipment. tools ana IN The
civ Of Perth Amboy. and that there DC
anpropriated the sum of Five Thousaho
Dollars to pay the cost or same.
Section Q. That there be issued pursu-
ant to Chapter 252 of the Laws OF ,s,1,
"a amended, bonds of the CITY OF feith
Amboy to be known as Sen lei, Thnnsani
Dollars. which bonds shall be dated the
first day of March. 1922; and snail DC "a
the denomination OF One Thousand Doi-
lars. to be numbered from ! TO . IN
elusive: shall mature in numerical num-
her. one on the first day OF Malch IN
zach of the years 1928 to lszi. inelusi
said bonds shall bear interest at the rae
az 5h "a per annum payable semi-annuahy
ON the first day of March and me hfst
day of September in each year.
Section 8. Said bonds shall be IN sucn
form and payable principal anu in.eres.
in such medium and at such place as may
he proylded by resolution OF the Couhcii'
shall be signed by the Mayor and Treas
nrer and attested by the City CLERK uhucf
the seal of the City and II coupons for the
aymen of interest be attached they shall
be executed by the facsimile signature Oh
'h ssction q That the Council of the
City OF Perth Amboy hereby determines
and declares as follows;
(a) That the average probable perioa
of usefulness Of the said machinery 'oo's
and furnishings is six years:
dbl That the average assessed vaiua-
ton of the taxable real property onciuo-
ing improvements) OF said CITY, Soni-
puted upon the next preceding three val
ues thereof in the manner provided in
Section IL Of Chapter 2s2 of the Laws OF
1916. is se3. eos. SOC: oo; p.-,h
That the net debt of the City OF re.tn
Amboy, computed in the manner PROVIDED
in said Section IL. is $1.3ss,sos.5s
fd) That the annual and supplemental
debt statement required by said section II
have been made and hied as the'eih g
Section 5. That there shall be levied in
zach year while any OF the SAID oohus
shall be outstanding. IN the same nan-
a tax upon all the taxable property OF
the City sufficient to produce the amount
OF principal and interest TO mature IN tne
succeeding year. =
Section 6. Said bonds shall be sold by
the City Treasurer in accordance with tne
statue; said Treasurer shall nave power
TO TX the necessary details.
feet upon its publication as provided ~
Section 2 of Chapter 262 OF the Laws OF
1915, as amended. and the City ClerA
shall have power to select the newspaper
in which it shall be published and TO
specify the date after which the bon Is
shall be issued and delivered.
introduced March 20. 1922.
Passed: April 8. 1872.
Approved: April s. 1922.
The foregoing ordinance was passed on
April 8, 1922, and approved by the Mayor
on April s. 1922. The bonds authorized
| thereby will be issued and delivered after
| the first day of May, 1929, and any suit.
action or proceeding to set aside or va
| cate this ordinance must be begun within
| twenty lays after the publication OF THU
| statement.
Dated, April 6. 1922.
ARTHUR z. GRAHAM.
12720-4-6-lt City Clerk.