Perth Amboy evening news., 1923-01-31
Legislation to Allow City to
Increase Debt Limit Intro
duced in House
MOVE MADE BY HANSON
City Officials Again at Tren-
ton-Is For Grade Cross
ing Removal Finances

A bill authorizing an amendment
to the state law, whereby a city may
increase the debt limit to provide
funds to meet the costs of elimina-
ton of grade crossings in munich
palities where the net debt is within
one percentum of the debt limit,
was introduced in the state legisla-
ture last night by Assemblman
Thomas L. Hanson of this city. The
bill was drawn by City Attorney
David T. Wilentz, and after a few
general, was presented by Mr..
Mr.. Hanson said today that he in
troduced the bill at the suggestion
of Senator Morgan +. Larson. fol-
lowing several conferences between
Senator Larson, Alderman-at-Large
Richard j. Calvin, City Attorney
David T. Wilentz, City Engineer
Louis P. Booz Jr., and himself. He
stated that the bill will probably be
referred to the committee on munich
pal corporations and that it will
probably be about two weeks before
it becomes a law.
Under the provisions of the bill,
If it becomes g. law, the city will be
able to obtain funds for its part of
1.-THE railroad grade crossing elimin-
alton, which consists of removing the
present sewers under the railroad
tracks, running new trunk line
sewer west of the railroad and con-
Meeting this sewer with a septic
tank, building approaches to the
bridges across the tracks and var
ious other minor Improvements
which must be made when the elm
ination work is under way.
fhEGuifs. 81 ?uthethe
The bill provides that any nunic-
tpality other than a county, which
shall be within one percentum Of
ity or December 81, 1922 may in
crease such debt limit to the ex-
tend that all such further increase
shall not exceed two ,percentum Of
the average of the three assessed
valuations of the real property. In
this city this amouns to about
$500,000. However, the money thus
raised can be used for no other
purpose but the elimination of
railroad grade crossings.
A true copy of the bill as intro
duced by Mr.. Hanson follows:
'P. L. 1916, Chapter 252.
Amended P. l.. 1920, Chapter 1O8.
"A supplement to an act entitled
An act to authorize and regulate
the issuance of bonds and other OBJ
legations and the mourning of in
debtedness by county, city, borough,
village, town, township or any Inu-
nlcipality governed by an improve
ment commission" approved March
20, 1915.
BE it enacted by the senate and
general assembly of the state of
New Jersey:
81. Any municipality. other than
g. county, which according to the
statement of the financial condition
Of the municipality on December
thirty-first, nineteen hundred and
twenty-five, shall be within one
pencentum of its limit OF debt in
curing capacity. may, notwith-
standing the provisions of section
twelve of the act to which this is
a supplement. increase such nat
debt to the extent that all such
further Increases shall not exceed
two percentum OF tho average OF
the three assessed valuations of the
real property (including improve
mentsl of the municipality next
preceding the date when this act
shall take effect: providing. how
ever, that this act shall not apply to
the 1ncurring of Indebtedness Jr the
ISSUANCE or ponds or other obliga-
tions except for the purpose of i'm
provements for, or in connection
with the elimination of railroad
crossings at grade.
z. That acts and parts of acts
inconsistent with the provisions of
this act be and the same hereby are
repealed, and this act shall take ef-
feet Immediately.
Statement
The purpose of this act is to
provide funds to meet costs of elm
ination of grade crossings in muni-
clpalit1es where the net debt is with
IN one percentum of the debt limit"
Besides the bill for the increase of
city det- limits to supply funds for
railroad grade crossing eliminations.
Assemblyman Thomas L. Hanson.
last night also introduced a bill
which prevents the use of celluloid
|or other quick burning films iny
school buildings.
Mr.. Hanson said today that the
bill is not a personal one. but was in
troduced upon request as the pres
ent conditions under which films are
shown in the public schools Wasi
thought to be dangerous one.
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