Perth Amboy evening news., 1923-07-14

I RESOLUTION PROVIDING FOR THE
RAISING OF S340, 900 BY THE ISSU-
ANCE OF ROAD IMPROVEMENT
BONDS OF THE COUNTY OF MID
DLEsEX.
BE 1T RESOLVED BY THE BOARD OF
CHOSEN FREEHoLDERs OF THE
COUNTY OF MIDDLESEx:
Section THAT for the purpose OF pay
ing the cost of reconstruction Of roads in
the County of Middlesex, such recon
| ~struction having in each case been here
tofore duly authorized by resolutions OF
this Board. and plans and specifications
therefor having been duly prepared and
approved. It Is necessary to raise Three
hundred forty thousand Dollars $S4o,Ooo)
Reconstruction of the following roads
either entirely of concrete or with a con-
crete base not less than six inches thick;
Road Ne. 9-Colonia -Avenel....S $1,000
Road No. 1s-Tstelton-New -
Market Observation-Disclosures. $4,000
Road No. 20. River Road. Sec
t,on Ampoy-
Metuchen CNew Brunswick
Ave, Section - .........-.~. lo.SOp
Road No. SIS, Aaueduct-Piains- .o
boro-Cranbury .............-.' 4u'uV"
Road No. 80, Berdine's Corner
Fishers Corner ............. SV,uVo
Road No. So. Jamesburs-
Ens1lsnto~ni 81 the following roads
with bltuminous concrete;
Road No. ?. Main st, New -.
Bound Brook ................ ll,eVo
Road No. 7s' George ST.. New
Rsconstruction with bituminous con
crete and stone penetration process) OF
Road No. "a, Woodbridge ooo
Avenue ss.-s--s tfpuV
Recommendation with bituminous
concrete and stone penetration proeess)
and gravel OF
Road No. 20. River Road , 5000
macadam) and gravel Of
Road No. AZ. Cranbury-
South River. Sections 3 ana .o
As'ggoooo
Expense Of issuing bonds .... zoe
Total $4,000
Section 2.-That there be issued, pur-
suant to Chapter 252 Of the Laws OF 1915,
and acts ~amendatory thereof, bonds OF
the County OF Middlesex 10 be known as
Road Improvement Bonds, Series 2 IN
the amount of Three hundred forty thou
amount as upon the sale thereof viii pro-
! duce said sum. which bonds shall be dated
the first day of August 1928, shall bear
interest at four and one-half 4hS) per
centum per annum, payable s-emi-annually
on the hrst day of February and the hrsi
day of August in each year, shall be mum.
bered from ! up, in the denomination o.
One thousand Dollars tSl.0oO)' ana shaIl
mature In numerical order-twenty bonds
on the arst day of August Of each Of the
years 1875 to 1871, both inclusive. d,
Section Said bonds shall be in sueh
form and payable principal and interest
in such medium and at such place as may
be provided by resolution of his Board
shall be signed by the Director ana ClerA
Of this Board and countersigneo by the
County Treasurer. and the corporate sea
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 THE Board Of Chosen Free
holders of the County OF Middlesex hereby
determines and declares as follows;
(a) THAI the average probableper-
10 dof usefulness of the several road
improvements referred TO In the hrst
section hereof, computed IN accord
ance with Section 4, Chapter 2o2 OF
the Laws Of 1916, as amended, is not
less than eighteen years from the
date of said bonds.
Cb) That the average assessed VAL
uation OF taxable real property I'm
Guiding improvements) Of the County
of Middlesex. computed upon the next
preceding three valuations thereof, be-
ing the valuations for the years 1891,
1922 and 1928. in the manner pro.
the laws of 1915, is Sl0s, 345,5sS.0o.
(c) That the net debt Of the
County Of Middlesex, computed in the
manner provided in said section IL,
is s4,0ls, is2.ss.
CdC That the annual and supple
mental debt statements required by
section ~ of chapter 252 Of the Laws
OF 1915, as amended, have been maae
and filed as required by said act.
Section 5.-That there shall be leViee
in each year while any Of said bond'
shall be outstanding, in the same mannel
and at the same time as other taxes q
tax upon all the taxable property IN sale
county sufficient to produce the amount
OF principal and interest to mature In th'
succeeding year.
Section 6.-That said bonds shall b
sold on sealed proposals after due ad'
yertisement by the count Treasurer II
the Perth Amboy Evening News and tn'
Nav Brunswick Daily Home News oelns
newspapers published In the County o.
Middiesex, and in the Bond Buyer, beins
A financial paper published in the city Of
New York. The County Treasurer u
hereby vested with authority to fix tbs
date Of sale and to prescribe the form Of
notice; the Board OF Chosen Freeholderl
to award the bonds and to reject any AND
all bids therefor
Section This resolution shall take
eKect upon its publication, az provided by
section 2 Of chapter 2b2 Of the Laws Of
! 1a1E N tha Paxth Amhag GfantnE NaHl