Perth Amboy evening news., 1923-01-10

Outstanding Of the aforesaid bonds by
reason Of the receipt of tax revenues,
other resolutions were subsequently, adopt
ed, and
whereas, there is due and outstanding
taxes for the year 1921, approximately
Cne hundred fifty Thousand ($15o. 0o0.0o)
Dollars
Now, therefore,. be 1t resolved, for the
purpose of reducing the amount OF out
standing bonds. that Tax Revenue Bonds
in the amount of One Hundred Fifty thou
follows:
Fifty-three thousand dollars to be dated
December 10. 1922, and to mature June
10. 1928.
Ninety-seven thousand dollars to be
dated December 20, 1922 n to mature
June 20. 1928.
shall bear interest at a rate not to exceed
Be it further resolved, that said bonds
Be 1t further resolved. that the City
Treasurer be and hereby is directed to
negotiate 1.-THE sale of said bonds in ac-
cordance with the Statute. and which said
may be as hertofor approved by this
Council. to be signed by the Mayor and
countersigned by the City Treasurer, and
attested by the City Clerk. under the COR
porate seal of the City Of Peth Amboy.
was adopted by the following vote: Yea
Sofeld, Waters, Patten. Mcclure, Clark,
Riedy. Calvin. Nay-None.
Clark:
Resolved, that the proper Municipal Of
fcers be authorized to draw warrants to
the order Of the various iremen who are
entitled to the payment of $25.0o each.
was adopted by the following vote: Yea
Sofeld, Waters. Patten, Mcclure, Clark,
Riedy, Calvin Nay-None.
The following esolution offered by Mr..
Resolved. that pursuant to statute in
such cases made and provided, the fol-
lowing transfers Of appropriations be
made, to wit:
One Hundred Dollars (s1oo.oo) from
Public Grounds and Buildings Account
to Auto Bus Account. =
was adopted by the following vote: Yea
sofeld, Waters Patten. Mcclure. Clark.
The following resolution offered by Mr..
Clark:
Resolved. that the Comptroller be and
hereby is authorized to dispose Of the va
stored at the CITY stable.
was adopted by the following vote: Yea
Soheld, Wates. Patten, Mcclure. Clark,
Riedy, Calvin. Nay-None.
Clark:
Resolved. that the city Attorney be and
and hereby Is directed to defend the suit
instituted by William Hartmann against
the City for salary alleged to be due him
while suspended from the police forme,
was adopted by the following vote: Yea
Sofield, Waters, Patten. Mcclure, Clark,
R1edy, Calvin. Nay-None
The following resolution offered by Mr..
Weters:
Whereas. this Council did heretofore, to
wit: December 6. 1920, adopt a resolution
authorizing the issuance of Tax Revenue
Bonds In an amount no exceeding Two
Hunded Thousand 02oo. oo.o0O Dollars,
In anticipation of the receipt Of taxes due
and unpaid which became delinquent De.
cember !, 1920, and
Whereas, in pursuance of said resoIu-
ton bonds vera fagneH dina and rov~hlo
June IA, 1921, and s
Whereas, said bonds have been renewed
from time to time by subsequent resolu-
Whereas. there 10 still remaining ap-
proximately ffty-three thousand ($53, 0o0)
Dollars due and unpaid for the year 1920,
Now. therefore,. be 1t resolved. that Tax
Revenue bonds in the sum of Fifty-three
thousand $685. oo) Dollars be issued to
replace the said outstanding bonds. to
bear date December II. 1922. and to ma
ture June is, 1928, an dto bear interest at
a rate not to exceed six per cent. (6%).
Treasurer be and hereby 10 directed to
negotiate the sale of said bonds in &C.
cordance 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 and
countersigned by the City Treasurer. and
attested by the City Clerk under the cor
porate seal of the City Of Perth Amboy.
was adopted by the following vote: Yea
Soneld, Waters, Patten, MCGUIRE. Clark.
Riedy. Calvin. Nay-None.
The following resolution offeed by Mr..
Waters:
Whereas. in anticipation of the recent
OF tax revenues. due and unpaid which
became delinquent December l, 1922, Il
WIN pe necessary to borrow money to meet
the lawful expenditures and appropria.
lions as provided by Chapter 1872. p. 4.
1917, as amended,
Now. therefore be it resolved, that Tax
revenue Bonds in an amount of Four
hundred Thousand ($4oo, GOO. 0o)r Dollars
be issued. a bonds to bear interest at
a rate not exceeding SO.
BE IL further resolved. that said bonds
pc IN such form as near as may be as
heretofore approved by this Council and
shall be issued 70 a term of sir 1s1
months from the date Of issue, shall be
signed by the Mayor and countersigned
BY the City Treasurer, and attested by the
ely ely Ctera, under the corporate seal Of the
Be 1t further resolved, that the City
treasurer be and hereby is authorized
70 borrow sums on account thereof as may
De needed from time to time at the best
o~btainable rate Of interest
vas adopted by the following vote: Yea
Soneld, Waters, Patten, Mcclure, Clark,
Riedy, Calvin. Nay-None..
Waters:
Whereas, this Council did heretofore.
10 wits on December s, 1920, adopt a reso.
luton authorizing the issuance Of Tax
Thousand ESQ. 900. oo) Dollars in antici-
patton of. the receipt Of taxes due ana
unpaid. which became delinquent Decem-
Der /. 1918. and ~
Whereas in pursuance Of said rssolu-
and
Whereas. additional resolutions have
oeen heretofore adopted authorizing the
renewal Of said bonds from time to time.
and
Whereas. on account of said authorize
tion there now is due and outstandinr
bonds Twenty-four thousand (24,ooo) Dol
lars maturing Decembe l6, 1922. ana
Whereas. there is still approximatefy
sixteen Thousand csc. 0o0) Dollars OF
taxes Tor said year 1919 remaining due
Now: therefore. be it resolved, that the
CITY Treasurer be and hereby is directed
70 renew bonds in the sum of sixteen
thousand ts1s.ooo) Dollars. to be dated
Is nee1 Iaas IL; 1877. and to mature June
not TO exceed six per cent. (6%).
BE 1t further resolved. that the City
treasurer be and hereby is directed To
neso.,a.e the sale Of said bonds in ac-
PONDS shall be in such form as near az
ma pc as heretofore approved BY this
council. to be signed by the Mayor and
stt unters's sn BY the City Treasurer, and
porate seal of the City of Perth Amboy.
was adopted by the following vote: Yes
Soneld' Waters, Patten. MCGUIRE, Clark.
ftiedy, Calvin -
Motion prevailed that the Chairman an
point a committee of three to procure a
new Garbage Dump and report at next
meeting. Chairman Calvin appointed the
mittee to act on this Committee,
On motion, 1t was decided that when
Council adjourn It be to meet December
18th. 1922, at 8 p. M.
| Council adjourned, +