Perth Amboy evening news., 1923-03-17
Expense of issuing new bonds
and other incidentals ..,.i.. 7.

Nf1EftbAS the SAID outst anding tenn
porary bonds in the amount of $4,000
VIII mature during the year 1923 and
funds Will be available to meet the por-
ton which has been assessed against
abuttlns property, but there are no funds
on hand for the payment of said City's
snare, ana u Is necessary to raise the
TO provide funds TO redeem said outstand-
ing temporary bonds and expense of is
SUING new bonds and other incidentals.
BE 1T ORDAINED BY THE CITY OF
PERTH AMBOY:
Section, 1: That bonds Of the said City
designated General Improvement Bonds"
which shall be dated April TO- 1928, shall
bear interest at the rate of five per centum
IoFo) per annum, payable on the tenth
Gay OF October and the tenth day OF
aprll, or each year, and shall be in the
1enomlnation Of One Thousand s1,oOO)
one bond on the 10th day of April in
each Of the years 1924 to 1912, both in
Section 2. That said bonds shall be in
such form and shall be payable principal
ana interest in such medium and at such
the Council. shall be signed by the Msy0r
and Treasurer, attested by the City Clerk.
under the seal OF the City. and IL coupons
they shall be executed by tfe facsimile
signature OF the City Treasurer
Section 3. The Council of the City of
Perth Amboy hereby determines and de-
clares:
(a) That the average probable un
expired period of usefulness of the i'm
provement5 for which said temporary
bonds were issued computed in accord
3nce with the provisions of Chapter 252
laws OF 1915 as amended, is not less
said bonds. N
OBJ That the annual Debt Statement
required by Section 12 of said Act was
duly made and filed for the year pre-
cedinG the issuance of sal dtemporarv
bon bonds and has been duly made ana
med Tor each succeeding year, and that
the supplemental debt statements re-
CURED by said section were made and
MED as therein required prior to the
mourning of the temporary debt hereby
authorized to be refunded.
section 4. That there shall be levied in
each year while any of the said bonds
stal be outstanding, In the same manner
and at the. same time as other taxes, a tax
nl3:, upon al the taxable property OF the SAID
c,Ig ,ri huItlclent 70 produce the amount of
Prlhclpat ana interest to become due in
the succeeding year.
.,s Section S,,i . Said bonds shall be sold by
statute and the said Treasurer shall have
power to FIX the necessary details
Section g. This ordinance shall take
by Section oe Chapter 252 of the Laws
or 1915 as amended. and the City Clerk
snail have power to select the newspaper
specify the date after which the bonds
shall be issued and delivered.
The said ordinance was ordered passed
on first reading by the following vote: Yea
Aldermen Soield Waters, Patten, Nc.
Guire, Clark, Riedy. Nsy--None.
The Committee on judiciary recon-
mended that the salary of Joseph Horns
by Collector OF Revenue, be paid Upon
motto nthis recommendatip tipu was laid on
the table until meeting of Friday evening
The Committee on judiciary recon-
mended that Report of Joseph Z. Hornsby
January 1928 be accepted and upon motion
was ordered laid on the table until Friday
THE Financial cor,,,,ittaa -o.o., o.
voraby on Water Board REQUEST FOR
SIS, 500 90 for improvements for 1923, and
upon motion recommendation was accept
ed,
The Comptroller having audited the
Pay Rolls, Feb. 10th, 1928