Perth Amboy evening news., 1923-06-11
Introduced April %. 1873.
Passed May z, =Ie25.. g

tul Oy the CLERK:
An ordinance to authorize certain Cen
J eral improvements, making appropria-
/ tons therefor and providing for the rails
ing Of $40, 500 by the issuance OF bonds Of
! the City of Perth Amboy. to be known as
| General improvement Bonds"
BE IT ORDAINED BY THE CITY OF
OF PERTH AMBoY:
Section /. That necessary changes and
extensions in the fire maintenance and po-
lice call system of the City Of Perth Am
boy, as recommended by the city cleo
trician be made and sums appropriated
therefor as follows:
Police Tel. Switchboard. Horns and
Lights for recall system, new battery
racks, installation of same 5 10000
Gongs and Registers. 20 new fire
alsra boxes. battery racks, install
iation OF same .....I...... 12,250.OO
Remove present bell tower and erect
New freproot building for frealarm
| headquarters .............. b,Oo0.0O
Line extension to cover this install
lation s.ss..- 4,bUo.OO
s3a.0Oo.oO
and the sum OF s35, 900 be and hereby is
appropriated to pay the cost of same.
Section .. That necessary apparatus
and equipment for the repairing Of the
streets OF the city be purchased in sc-
| cordance with specifications heretofore or
hereafter adopted by this Council. and the
sum OF $4,000 be and hereby is appropri-
ated 10 paw the cost thereof.
Section 3. That the following streets
of the City of Perth Amboy. to wit;
State Street, from Market Street
to Gordon Street be reconstructed, to
wit: Resurfaced with asphalt blocks
or other suitable material on the
present foundation, and that the sum
of $4,000 be and hereby is appropri-
ated to pay the cost thereof.
Section 4, That a new city scale be
purchased in accordance with the speci-
| f~cations heretofore or hereafter adopted
and the sum of $500 be and the same is
hereby appropriated to pay the cost
thereof.
the sum of $40. 500 to meet the appropri-
atoms aforesaid.
Section s. That there be issued pur-
suant to Chapter 252 of the Laws of New
City of Perth Amboy, to be known as
General improvement Bonds. in the
| amount of $40. 500, or such lesser amount
as upon the sale thereof in the manner
| provided by law shall produce said amount
Section Z. That said bonds shall be in
such denominations and form and pay
able principal and interest in such medium
and at such times and place and bear
| interest at such rate as may be provided
by resolution of the Council, shall be sign
ed by the Mayor and the Treasurer and
attested by the City Clerk under the seal
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.
SeCIlOn o.. lHdt Ah1 SOAhNh - -.
Of Perth Amboy hereby determines and
declares as follows:
(a) That the average of the differ
emit proba BILE periods of usefulness OF the
several purposes herein enumerated is
ffteen years.
do That the average assessed valua-
tian of the taxable real property tin-
GLIDING improvements of said City
computed upon the next preceding three
values thereof in the manner provided
in Section IL of Cha pter 259 Of the Laws
of 1915. is s27,07s,152.00;
c) That the net debt of the City OF
Perth Amboy, mput in the manner
provided in said Section l., is slsso'-
79232.
debt statement required by said Section
IL, having been made and field as here
in required.
Section O.. There shall be levied in each
year. while any of said bonds shall be
outstanding. In the same manner and ana
at the same time as other taxes. a tax
upon all tho taxable property OF sald
| city, sufficient to produce the amount OF
principal and interest to mature IN the
Section 10. This ordinance shall take
effect upon its publication as provided by
| SECTION . of Chapter 252 OF the Laws OF
1916, as amended together with the state
ment required by the said section and the
City Clerk shall have power to select tne
newspaper in which 1t shall be published
and TO specify the date after which the
bonds shall be issued and delivered.
Upon motion of Mr.. Waters, the iore-
going ordinance was ordered passed on
frst reading by the following vote: Yea
sofeld, Waters, Patten, Mcclure, Clark
Riedy. Calvin. Nay-None.
Motion was made by Mr.. Waters, and
carried by the following vote: fea-So-
field, Waters. Patten, Mcclure ClarK'
Riedy, Calvin. Nay-None.
Motion was made by Mr.. Waters ana
feid. waters. Patten, Mcclure. Clark,
Riedy, Calvin. Nay-None, that the rules
be suspended and that the Counel 20
into the report of City OFFICERS
The following report OF the lily Oomp-
SUPPLEMENTAL DEBT STATEMENT
NoTE-By Chapter $40, P. L., 1917
which amends the New Jersey General
1870 a Supplemental Debt statement I'M
der oath. in substantially the form an
nexed. must be made by the chief imam
cial officer and must be hled with the
clerk of the municipality Tin the case OF
a county, with the clerk Of the Board
Of Chosen Freeholders) prior to the pas
age Of every ordinance or resolution au-
thorizing notes OF bonds, ta) for fund-
ing, tb) for ~refunding, tc) for the supply
of water. (d) for bikes. bulkheads or Jet
ties along the ocean front.
The amendment of 1911 does not re-
auire that any debt statement be filed
prior to the letting of contracts, as did
the Act of 1915, but it does provide Csec-
ton II. subdivision j. that an approprla-
ton must he MADE SuiLltlenL 10 meet IN
cost of carrying out the provisions OF
contracts which are to be financed by
notes or bonds under the act, and TN
in effect is declaratory OF the common
law of the State that a contract cannot
be let unless provision is made for hnan-
STATE OF NEW JERSEY.
COUNTY OF M~IDDLESEX, S.:
EDWARD j. DALTON, being duly
sworn deposes and says;
Deponent is the Comptroller OF the
Cit of Perth Amboy, n. j., hereinafter
called the municipality and the chlel
financial offered thereof. The supplement
tal Debt Statement annexed hereto ana
statement Of the debt condition of the
municipality on the date hereof ana Is
computed as provided for the snnua!
debt statement by Chapter 262, p L. 1910
EDWARD ]. DALTON.
Comptroller.
subscribed and sworn to before ms this
twentieth day of April, 1923.
EVA RICHARDS,
Notary Public, n. j..
|. Received April 90, 1928, Perth Amboy.
PHILIP p. COSTELLO,
City Clerk.
A. a. The net debt of the munich
pality as stated in subdivision c OF the
annual debt statement last filed is si'bsl,-
Us The amount by which such net
debt has been increased is S4e,o1S.ss'
(3l The net debt at the time OF TINS
statement is 1,s4o, 1882.
n, The amounts and purposes separate
Iy itemized of the bonds or notes about
to be authorized. together with the de-
auctions which may be made on account
Of each such item
School Bonds <oo'VVV-VV
Temp. imp. Bonds; Grade
Crossing Elimin. eou'VVV'VV
nj. 1tav, $50. 900. 90