Perth Amboy evening news., 1923-11-13
CIrY ADVERTISEMENT

AN
An Ordinance to Authorize Certain Gen
eral improvements, Making Appropria-
tons Therefor and Providing for the Rails
ing of $73, $4,000 BY the Issuance of Bonds
OF me CITY of Perth Amboy TO BE Known
As General Improvement Bonds"
BE TT ORDAINED BY THE CITY OF
PERTH AMBOY:
Section J.. That necessary fire appar-
atus AMI fire equipment be purchased In
accordance with specifications heretofore
or hereafter adopted by this Council and
the sum Of $17, 10000 be and hereby is
appropriated to pay the costs thereof.
Section 2. That the following streets
OF the City of Perth Amboy, to wit:
state Street, from Washington Street TO
Pulaski Avenue be reconstructed, to wit:
resurfacel with Bituminous macadam or
other suitable material on the present
foundation.
Washington Street, from High Street 10
Park Avsnus be reconstructed to wit re-
surfaced with Bituminous macadam or
other suitable material on the present
foundation.
Washington Street from Penn Street to
New Brunswick Avenue be reconstructed
to wit: resurfaced with Bituminous ma
cadarn or other suitable material on the
present foundation, and that the sum of
$4,000 oe and hereby is appropriated to
pay the costs thereof.
Section 3. That 1t is necessary to raise
the sum of $73, 10000 to meet the appro-
priations aforesaid.
Section 4. That there be issued pursu-
ant to Chapter 252 of the Laws of New
New Jersey of 1916. as amended bonds of
the City of Perth Amboy, to be known as
General Improvement Bonds, in the
amount of S73, 10000 or such lesser
amount as upon the sale thereof in the
manner provided by law shall produce said
amount.
Section s. That said bonds shall be in
such denominations and form and payable
principal ana interest in such medium and
at such times and place and bear interest
at such rate as may be provided by reso-
at - fhA EHAuu.af1 hall h. aH-RaA hU
the Mayor and the Treasurer and at
tested by the city Clerk under the senl
of the City, and If coupons for the pay
ment of interest be attached they shall
be executed by the facsimile signature
OF the City Treasurer.
Section 6. That the Council of the City
OF Perth Amboy hereby determines and
declares as follows:
6a) That the average of the different
probable periods of usefulness Of the sew
eral purposes herein enumerated is eight
years.
OBJ That the average assessed valua-
ton of the taxable real property 0nclud-
ing improvements of said City computed
upon the next preceding three values
thereof in the manner provided in Section
10 of Chapter 252 of the Laws of 1916, is
S27,0 7S. 1920;
(c) That the net debt of the city of
Perth Amboy, computed in the manner
| provided in said Section 10, is $1,S2S,3l5.6!
(d) That the annual and supplemented
debt statement required by Section IL.
have been made and filed as therein re-
quired.
Section 7. There shall be levied in each
year, while any of the said bonds sheu
be outstanding, in the same manner anu
IT the same time as other taxes, a tax
uron all the taxable property of said CITY
sufficient to produce the amount of prin-
cipal and interest to mature in the sue
ceeding year.
Section g.. This ordinance shall take Of
feet upon it's publication as provided ny
Section 2 Of Chapter 252 of the Laws Of
1916, as amended together with the state
ment required by the said s%ection and
the City Clerk shall have power TO select
the newspaper in which 1t shall be pub
nshed and to specify the date after which
the bonds shall be issued and delivered.
The foregoing ordinance was rassei on
the 3Oth day of July, 1928 and approve
on the LIST day of August, 1928. The
bonds authorized thereby will be issue.
end delivered after the 3rd day OF De
cember, 1928, and any<suit, action or pro
cceding to set aside or vacate this Drain
ance must be begun within twenty day
after the publication or this statement.
PHILIP r. COSTELLO,
ss96s-11-13-1t city Clerk.