Perth Amboy evening news., 1923-06-25
Mayor.


Ctpal under the signature OF the lily
Treasurer below and shall thereafter be
transferable only by written assignment Of
the registered holder or his attorney duly
acknowledged or proved, such transfer TO
books of said City Treasurer kept for that
purpose. Such transfer may be to bear
err" and the coupons will remain payable
TO bearer unless and until all of them shall
be surrendered and cancelled. as evidenced
by the execution OF the foregoing CONVEX
sion certificate provided for that purpose.
Date of Name Of City Treasurer
BE IT FURTHER RESOLVED that the
SIS, 500 Water Bonds. Series O., of the
City of Perth Amboy, authorised to be
issued by an ordinance heretofore adopt
ed, be issued under date of June !, 1923,
numbered from l up, Of the denomination
of $1,000 each, except that the Bond NO.
10 shall be for $500 and the interest cou-
pons thereon shall be for $12.eo eacn.
That said bonds shall bear interest at the
rate of five per centum per annum, pay
able s-emi-annually on the first day OF
June and the first day of December. ootn
principal and interest to be payable at
the office of the City Treasurer az Fertn
Amboy, and that said bonds shall mature
in numerical order, one bond on the nrst
day of June of each of the years 1874 10
1912, both inclusive.
bonds shall be in the same form as here
inbefore provided for the Water Bonds,
Series N, except that they shall be desls-
mated as Series O." and the coupons shali
bear the same designation, and except
that the second paragraph OF the pond
form shall read as follows:
This bond is one of an issue OF like
date and tenor. except as to amount ena
maturity. issued pursuant to Chapter 26z
of the Laws OF New Jersey OF 1915, as
amended, for the purpose OF making ex-
tensions and improvements to the exist
ing waterworks system Of the City OF
perth Amboy, including the installation
of new meters, services, FIRE MIGRANTS,
street mains and stokers, and is authorized
by an ordinance of the City Council OF
the said City, duly adopted and approved
and duly published as required by law"
BE IT FURTHER RESOLVED that the
City Treasurer be and hereby Is vested
with full power and authority to NIX the
date of sale of the bonds of both issues.
to advertise the same for sale separately
or in the same advertisement and to re-
ceive bids. and award said bonds, oe-
liver them and receive the purchase price
thereof, without further authority from
this Council.
upon motion of Mr.. Waters. was adopted
by the following vite: Yea-Soheld, Wa
tiers, Patten. MCGUIRE. Clark. Riedy, Gal
The following resolution offered by Mr..
Waters:
Resolution providing for the Issuance
Of not exceeding $4,000 Emergency BONDS
of the City of Perth Amboy.,
WHEREAS, pursuant to Chapter OF
the Laws of 1919 and acts amendatory
thereof, the Board of Education and the
Board OF School Estimate of the City Of
Perth Amboy heretofors provided for the
payment to the school teachers of the
City of Perth Amboy of a bonus not ex-
ceeding thirty per centum (S0H) OF their
regular annual salaries. such bonus to ap-
ply during the school year ending June
30, 1929: and
WHEREAS, the amount required for
the payment of such bonus was certihed
to the Council by the Board of School Es-
ff0ooYa N ha Fifty Thousand Dollars
G50, 000); and
WHEREAS, the Council of the City of
Perth Amboy by resolution adopted on
the 22nd day of May, 1922. provided for
the raising of said sum by the issuance of
Emergency Bonds of the City Of Perth
Amboy which bonds, in the amount OF
Fifty Thousand Dollars ($5o,ooo) are now
WHEREAS. there has been made avail
able for the payment thereof in the budget
for the year 1928, the sum Of Ten Thou
sand Dollars (s1O,Ooo) being the full
amount required by Law to be provided in
said budget for that purpose, and 1t is
necessary to provide an additional sum of
Forty Thousand Dollars S40,00o) 10 meet
said bonds. NOW THEREFORE,, BE IT
RESOLVED by the Council of the City
of Perth Amboy that not exceeding Forty
Thousand Dollars (s40,ooo) be borrowed
upon Emergency Bonds OF the city OF
the Laws of New Jersey of 1917 and Chap
ter 4 Of the Laws OF 1919 and acts
a~mendatory thereof.
BE IT FURTHER RESOLVED hat the
City Treasurer is hereby authorized to
issue and sell said Emergency Bonds of
the City Of Perth Amboy either at public
or private sale as he may deem best at
not less than par and accrued interest,
and the said City Treasurer is hereby au-
thorizsd to fix the rate of interest and to
determine any details not hereby deter
mined without further authority from this
Council. provided that the total amount
~ kAAIR 4ea4raH nndaF anThnr1fV harROI
shall not exceed Forty Thousand Dollars
(S40, 0O0) and the rater of interest thereon
shall not exceed six per centum (6se) per
BE 1T FURTHER RESOLVED that the
City Treasurer and the Mayor are hereby
authorized and empowered TO sign said
bonds and the City Clerk to attest the
same and affix the seal of the City there
Be It Further Resolved that an amount
sufficient to meet the principal thereof
and interest thereon as the smae shall ma
ture be included in the budgets Tor the
years 1924, 1926 and 1925.
BE IT FURTHER RESOLVED that
said bonds shall mature Thirteen Thou
sand x13.000) Dollars on the 18th day
OF JUNE of each of the years 1924 n
1925 and Fourteen Thousand (S14,oO0)
Dollars on the 18th day of June, 1925, and
tht said bonds be issued in substantially
the following form, to wit;
upon motto ncf Mr.. Waters. was adopted
by the following vote: Yca7Soneld, Wa
tsrs, Patten. Mcclure. Clark. Riedy. Gal
win. Nay-None.
The following resolution offered by MI
-Riedy:
Be 1t resolved that warrants be drawn
on the City Treasurer for the following
named organizations. to help drefray ex-
penses for Decoration Day exercises
O.. A.. RI. H. Dandy Post ....sl2S.oo
Army and Navy Union. Toolan Garrison,
$125.00.
American Legion Post No. IS -. $4,000
Veterans of Foreign Wars, John B.; Egan
mon eu motion Of Nj. waters was adopted