Perth Amboy evening news., 1922-03-25
AN ORDINANCE

To authorize the purchase of Fire APP
paratus and Fire Equipment, Appropriate
00O) Dollars to Pay the Cost Of Same and
authorizing the Issuance of Bonds There
for. Na
BE IT ORDAINED BY THE CITY OF
PERTH AMBOY:
Section /. That there be purchased FIRE
apparatus and fire equipment for the Fire
Department of the City of Perth sAmboy
and that there be appropriated the sum
of Eighteen Thousand ($1s, 000) Dollars to
pay the cost of same.
Section 2. That there be issued pursu-
ant to Chapter 252 of the Laws of 1916.
as amended. bonds of the City of Perth
ment Bonds in the sum of Eighteen
thousand C$1s. O00) Dollars, which ,nds
shall be dated the fret day of March.
1922, and shall be Of the denomination
of $1,000 to be numbered from 1 to
IS. both inclusive: shall mature in numer-
zeal order. two on the. first day Of March
such form and payable principal and In
elusive. Said bonds shall bear interest
at the rate of $40 per annum payable
semi-annually on the first day of March
and the first day of September in each
year.
Section 8. The said bonds shall be in
such form and payable principal and in
terest in such medium and at such place
as may be provided by resolution of this
Council, shall be signed by the Mayor and
Treasurer, and attested by the City Clerk
under the seal of the City and IL coupons
for the payment of interest be attached
they shall be- executed by the fac-simile
signature of the City Treasurer.
Section 4. That the Council of the City
of Perth Amboy hereby determines and
declares as follows:
(a) That the average probable period
of usefulness of the said fire apparatus
and fire equipment is ten years;
(b) That the average assessed valu-
alton of the taxable real property Gin.
GLIDING improvements) of said City,
computed upon the next preceding three
values thereof in the manner provided
in Section 12 of Chapter 252 of the
Laws of 1916, is SEA, 20s, Sos.0o;
(c) That the net debt of the City OF
Perth Amboy, computed in the man
ner provided in said Section IL. is
s1.3s4, 90s.5S;
(d) That the annual and supple.
mental debt statement required by said
Section IL have been made and filed al
therein required.
Section 8. hat there shall be levied ir
| each year while any of the said bonds
shall be outstanding. in the same manner
and at the same time as other taxes, 9
tax upon all the taxable property of th'
said City sufficient to produce the amount
of principal and interest to mature IN the
succeeding year.
Section 6. Said bonds shall be sold by
the City Treasurer in accordance with thu
statute; said Treasurer shall have th'
power to fix the necessary details.
Section z. This ordinance shall TAXI
effect upon its publication as provided b,
| Section 2 of Chapter 252 of the Laws o
1916. as amended, and the City Clerl
shall have power to select the newspaper
in which it shall be published and to spe
| city 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 March 23rd, 1922, and Will b
taken up for second and third reading
and final passage at the meeting of thu
Council to be held April 3rd. 1929. in thu
Council Chamber, City Hall. Perth Am
boy. N. ].
Dated. March cath. 1922.
ARTHUR l.. GRAHAM.
129S9-3-36-4-1 CITY CIerk.