Perth Amboy evening news., 1923-07-28

boy.
Upon motion Of Mr.. Waters. was adopted
by the following vote: Yea-Sonelo' Wa
tiers, Patten. Mcclure. Clark, Riedy, Gal
win. -
The following resolution offered by Mr..
whereas this Council did heretofore.
to wit: December 6th, 1920, adopt a reso-
luton authorizing the issuance OF TAX
Revenue Bonds in an amount not ex-
ceeding Two Hundred thousand ($2OO,OO9l
Dollars in anticipation of the receipt OF
taxes due and unpaid which became de-
~linquent December !, 1920, and
Whereas in pursuance OF said resoiution
bonds were issued and due payable June
14th, 1921 and
whereas said bonds have been renewed
from time to time by subsequent resolu-
whereas there is still remaining APP
proximately Forty thousand 100000 DOL
lars due and unpaid for the year 1920.
Now therefore be 1t resolved that TAX
Revenue Bonds in the sum of Forty thon-
sand $40, 000) Dollars, be issued to re-
place the said outstanding bonds, to bear
date of June 18th, 1928, and to mature
December 14th, 1928, to bear interest at
| a rate not exceeding six per cent. (6%).
Be it further resolved, that the City
| Treasurer be and hereby is directed 10
| negotiate the sale of said bonds in accord
ance with the Statute, and which SAID
bonds shall be in such form as near as
may be as heretofore approved by TINS
Council, to be signed by the Mayor, and
countersigned b. the City Treasurer, ana
| attested by the City Clerk under the cor
porate seal of the City Of Perth Amboy.
upon motion of Mr.. Riedy, was adopted
! by the following vote: Yea-Soheld, Wa
| tiers. Patten. MCGUIRE. Clark, Riedy, Gal
win. Nay-None.
! Waters:
Whereas, this Council did heretofore.
| TO wit: on December 9Th. 1921, adopt a
| resolution authorizing the issuance OF TAX
Revenue Bonds in the amount of Three
hundred thousand ($3OO,OO0) Dollars an
anticipation of the receipt OF taxes Que
and unpaid, which became deilhqueht Us
cember 1st, 1921, and
Whereas in pursuance of said resolu-
| tion. bonds were duly issued, maturing AT
whereas, in pursuance of said resolu-
ton, bonds were duly issued maturing At
different times, and
Whereas to reduce the amount out
standing of the aforesaid bonds by rea-
son of the receipt OF Tax revenues ot nj
Whereas there is due and outstanding
taxes for the Year 1921 approximately one
Hundred and Five Thousand N$lOo'Voe}
Dollars, ~.
Now therefore be it resolved, for the
purpose of reducing the amount OF OUT
standing bonds, that Tax Revenue Bon1s
Thousand ($105, 000) Dollars, be issued as
follows. Dated June 23rd, 1928 ana 10
mature December 23rd, 1928.
Be 1t further resolved that SAID ponas
shall bear interest at aArate not 10 eAceSu
six per cent. (6So).
Be it further resolved that the clty
Treasurer be and hereby is directed 10
negotiate the sale of said bonds in ac-
cordance with the statute, and which SAID
bonds shall be in such form as near as
may be as heretofore approved by TINS
Council, to be signed by the Mayor anu
countersigned by the City Treasurer, and
attesetd by the City Clerk, under the cor
porate seal of the City of Perth Ampoy.
Upon motion of Mr.. Riedy, was adopted
by the following vote: Yea-Soheld, wa
tiers, Patten, Mcguire, Clark, Riedy, Gal
win. Nay-None
The following resolution offered by Mr..
Waters:
Whereas this Council did heretofore, TO
wit on December 4th. 1922 adopt a reso-
luton authorizing the issuance of Tax
Revenue Bonds in the amount 60oS OF sop rs
anticipation of the receipt OF taxes due
and unpaid, which became delinquent De-
cember list, 1922.
bonds were issued, maturing at different
times, in the aggregate amount OF -Four
Hundred Thousand ($400, 000) Dollars. and
Whereas the amount outstanding OF the
aforesaid bonds has been reduced to Two
Hundred and thirty thousand (S23O,O001
Dollars by reason of the receipt OF tax
revenues and the application thereon TO
the payment of said bonds in the amount
of One Hundred and seventy thousand
($170, 000) Dollars, and
Whereas there is due and outstanding
taxes for the year 1922, not less than
Two hundred and thirty thousand $780,
000) Dollars,
Now Therefore be it resolved that for
the purpose of reducing the above men,
toned outstanding bonds, Tax Revenue
Bonds in the amount of Two Hundred and
thirty thousand (s23o,o0 700 be isused as
follows:
One hundred and sixty five thousand
($1650, 000) Dollars, to be dated June 14th,
1928 and to mature December 14th, 1898,
and
sixty-dve thousand (s65. OO0) Dollars, TIC
be dated June 23rd, 1928 and to mature
December 23rd, 1928.
Be 1t further resolved that said bondi
shall bear interest at a rate not to ex-
coed six per cent. (6%).
Be it further resolved that the City
Treasurer be and hereby is directed to
negotiate the sale of said bonds in ac-
eordance with the Statute and which said
bonds shall be in such form as near as
may be as heretofore approved by this
Council, to be signed by the Mayor, anu
countersigned by the City Treasurer, an
attested by the City Clerk under the cor
porate seal of the City of Perth Amboy
Upon motion of Mr.. Riedy, was adopted by
the following vote: Yea-Sofeld, Waters
Patten. Mcclure, Clark, Riedy, Calvin
-
The following resolution offered by MIR
Waters:
Be 1t Resolved by the Council of the
City of Perth Amboy that the $250,000
School Bonds of the City of Perth Amboy
authorized to be issued by an ordinance
heretofore adopted, be, together with tht
coupons for interest to be attached thereto
and the provisions to be printed on the
back thereof, in substantially the following
form:
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