Perth Amboy evening news., 1923-07-14
A RESOLUTION PROVIDING FOR THE
RAISING OF $50 500 BY H IssU-
ANCE OF BRIDGE BONDS OF THE
COUNTY OF MIDDIESEX.

BE IT RESOLVED BY THE BOARD OF
CHOSEN FREEHOLDF1RS OF II
COUNTY OF MIDDLESEX;
Section 1--Tha for the purpose OF pay
Ing the cost OF construction and recon
stIuction OF bridges in the County OF Md
dlesex it is necessary 10 raise Fifty thou
sand FIVE hundred (s5o.boo) Dollars as
follows;
The c%ounty's share OF the cost OF
rebuilding. lengthening and raising
the bridge carrying tracks OF the
United New Jersey Railroad g. Canal
Company and Pennsylvania Railroad
Company over the Mechanicsville
Road sse'VeV
Mill Lane Culvert ........... LOCO
sucker Brook-Milltown Bridge. 500
Expense OF Issuing Bonds 49,. 400
Total $50, 500
Section 2.-That there be Issued. pursu-
ant to Chapter 252 Of the Laws OF 1915
and acts a~mendatory thereof. bonds of
the County OF Middlesex to be known as
Bridge Bonds, Series -, in the amount OF
Fifty thousand five hundred N50,5oe)
Dollars, or such lesser amount as upon
the sale thereof will produce Fifty thou
sand five hundred 1850, 5000 Dollars, which
bonds shall be dated the hrst day OF An
gust, 1928, shall bear interest at four
one-half per centum GbS) per annum;
PAYABLE ~semi-annually on the first day OF
February and the first day Of August in
each year. shall be numbered from / up
in the denomination OF one thousand dol
4dIh AfAHANNN E&NNRA 80
shall be in the denomination OF hYe nun
dred dollars (S500), and shall mature IN
numerical order two bonds on the hrst
day Of August Of each of the years 1879
10 194s, both inclusive, and three bonds,
two OF one thousand dollars $1,000 and
one OF FIVE hundred dollars (S5o0), on the
first day of August 1919. :.
Section Said bonds shall be In such
, form and payable principal and interest
in such medium and at such placs as may
be provided by resolution OF THIS Boare.
shall be signed by the Director and Clerk
OF this Board and countersigned BY the
! County Treasurer, and the corporate seal
of the County Of Middlesex shall be there
unto affixed. and II coupons for the pay
| ment of interest shall be attached they
shall be executed by the facsimile sigma
ture of the County Treasurer.
Section ~A-The Board Of Chosen Free
holders of the County Of Middlesex hereby
determines and declares as follows;
la That the probable period OF
usefulness OF each and all Of the sew
eral bridge improvements referred 70
in the first section hereof computed
in accordance with section 4, chapter
252 OF the Laws Of 1915, as amended,
is not less than thirty years from the
date of said bonds.
fb) That the average assessed val
uafion OF taxable real property lin
Guiding improvements) of the County
OF Middlesex, computed upon the next
preceding three valuations thereol pc
ing the valuations for the years 1871
1922 ana 1923, in the manner pro-
vi5ea in section IL OF chapter 252 OF
the laws Of 1915, is S10s, 34S, $4,000,
Ce) That the net debt Of the
County Of Middlesex, computed IN the
manner provided in said section L.
Ia That the annual ana supple
mental debt statements required oy
section ~ of chapter 252 of the Laws
of 1915. as amended. AVE been made
and filed as required by said act.
section B.-That there shall be levied
in each year while any Of said bonds
sbaiI he outstanding. in the same manner
and At the same time ae other taxes, a
lax upon all the taxable property IN saia
county sufficient to produce the amount
/ of principal and interest to mature IN the
succeeding year.
section 6.-That said bonds shall be
sold on sealed proposals after due ad-
/ vertisement by the County Treasurer IN
the Perth Amboy Evening News ana the
New brunswick Daily Home News, oelns
newspapers published in the County OF
Middiesex. and in the Bond Buyer, oelnk
a financial paper published in the City Of
New York. The County Lfessuf .hs
/ hereby vested with authority 10 nx ths
I date Of sale and to prescribe the form OF
notice; the Board Of Chosen Freeholders
10 award the bonds aud to reject any ana
all bid therefor.
section This resolution shall take
effect upon its publication, as proyloea py
sectfon 2 of chapter 2b2 Of the Laws OF
1915, in the Perth Amboy Evening News
| ana in the New Brunswick Daily Home
/ News- The Clerk of this Board is hereby
vested with authority to specify the date
after which the bonds shall be issued ana
delivered.
on the twelfth day Of july 1924 Ihs
| bonds authorized hereby VIII ne lesNFa