Perth Amboy evening news., 1923-11-01

olution authorize and appoint. The salary
TO be paid to the Chief of the Electrical
Bureau and to the various assistants and
employees of the Bureau shall be deter
mined and fixed by the Boar dof Alder
men from time to time by resolution.
Section 3 All ordinance or parts OF
ordinances conflicting with this ordinance
be and the same are hereby repealed.
Upon motion of Mr.. Waters. the foregoing
ordinance was ordered passed on first
reading by the following vote: Yea-so-
Geld, Waters Patten. Mcclure, Riedy'
Calvin. Nay-None.
The following ordinance was introduced
by Mr.. Patten, which ordinance was read
in full by the Clerk:
An ordinance to pave Fayette Street
from the e~asterly side of Stanford street
westerly to it's westerly terminus. and
providing for the issuance of not exceed
ing Fifteen thousand $4,000 Dollars
temporary Improvement bond of the City
of Perth Amboy.
BE IT ORDAINED BY THE CITY or
PERTH AMBOY:
Section /. That Fayette Streets from
the easterly side of Stanford Street run
ming westerly to it's westerly terminus, he
paved as a local improvement, the cost
OF whieh shall be assessed upon lands ben
entted thereby, with concrete in accord
ance with the plans and specifications
prepared by the CITY Surveyor. including
the several matters incident and appur
tenant to said paving and shown by said
plan.
III - hl - IA aAEaA ~ 11AhI 80
der the direction Of the City Surveyor. the
Committee on Streets and Sewers and
the Superintendence of the Street Com
missioner.
Section 8. The owners of any lands on
said street sail, within forty days aftor
passage of this ordinance, make the 1eees.
sary connections with the water, gas and
sewer mains in said street.
Section 4. There shall be issued to meet
the initial cost of such improvement tenn
porary improvement bonds of the City
exceed Fifteen Thonsan1 Dollars. which
bonds shall bear interest at not exceed-
ing six per centum (6eo) per annum'
payable semi-annually.
Section s. Said bonds shall be in such
form as has been provided by resolution
for temporary improvement bonds of the
Cir yof Perth Amboy, shall be signed by
the Mayor and Treasurer and attested
by the Clerk under the seal of the city.
and If coupons tor the payment OF in
terest be attached. they shall be executed
by thefacsimile signature of the City
Treasurer. The said officers who are 10
sign the bonds may fix any details not
fixed by the resolution of this Council
or by this ordinance.
Section 6. There shall be levied in eaca
year while an yof the bonds shall be out
standing, in the same manner and at the
So me time as other taxes, a tax in amount
not less han go of the principal of such
temporary bonds certified to be outstand'
ing prior to the annual budget in each
lGdig nav y aiiApahS AAoF -
reduced in any year by the amount II
assessments actually collected and held
for the payment of such bonds.
Section T. That the Council of the City
of Perth Amboy hereby determines AMI
declares as follows:
(a) The probable period of usefulness
of said improvement is ten years.
OBJ That the average assessed valua-
ton of the taxable real property Qn-
Guiding im"provements) of said City COM
puted upon the next preceding three val
ues thereof In the manner provided in
Section IL of Chapter 252 of the Laws OF
1916, IS S27,07S $4,000.
(c) That the net debt of the City
of Perth Amboy computed in the manner
provided in said Section IL is $1,S54,Gs2.tS
Id That the annual and supplemental
debt statement required by Section II,
have been made and filed as therein re-
required.
Section s. The city Treasurer be and
hereby Is directed 10 negotiate tie sale of
said bonds according to the statute.
Upon motion of Mr.. Waters, the foregoing
ordinance was ordered passed on the first
reading by the following vote: Yea-Wa-
ters, Patten, Mcclure, Calvin. Nay-So-
field. Riedy.
The Comptroller having audited the fol-