Perth Amboy evening news., 1923-09-07

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An Ordinance Providing for the Issuanc,
OF Not Exceeding Sl500.OO Temporary I'm.
proVement Bonds OF the City of Peril
anipoy, in addition to the Bonds Alread,
authorized, TO meet the cost of Curbinp
anu Grading of Wayne Street, from I'M
property OF the Lehigh Valley RaiIroad
company westerly to Catherine Street:
whereas, This Council heretofore did
anee to grade and curb WAYNE stree,
from the property of the Lehigh Valley
hailroad Company westerly to Catherine
street and providing for the issuance Of
NOT exceeding 100000 temporary i'm.
proYement bonds of the city of Perth
Amboy, to pay the cost thereof. Annroved
Aug. 6, 1929" and
whereas. This Council deems IL neces.
safy TO issue bonds for an additional sum
said. iofe
BE IT ORDAINED BY THE CITY OF
PERTH AMBOY:
and curbing Wayne Street from the prom.
etty OF the Lehigh Valley Railroad Com
pany westerly to Catherine Street. there
snali pc issued temporary improvement
ponds OF the City of Perth Amboy in nm
amount not exceeding $500, which bonds
snail bear interest at not exceeding six
per cent. (6B) per annum payable semi
annually, which bonds shall be in addi-
ton to the amount of bonds already issued
or authorized by an ordinance entitled.
An ordinance to grade and curb WAYNE
Street from the property of the Lehfgh
valley Railroad Company westerly to Cath
crime Street and providing for the issu-
ance of not exceeding $4,000 Temporary
improvement bonds of the city of Perth
Amooy, to pay the cost thereof" Approved
Aug. 6, 1928.
Section 2. Said bonds shall be in such
form as has been provided by resolution
Tor temporary improvement bonds of the
City or Perth Amboy. shall be signed by
me a md Treasurer and attested by
the Clark unHnF thu Raa1 80 ~ Gg4.. -
IL coupons for the m of interest be
they shall be executed BY the
facsimile signature of the City Treasurer.
me SAID onicers who are to sign the
ponds may fix any details not fixed by
resolution of this Council or by this or
Section 3. That the Council of the CITY
OF Perth Amboy hereby determines and
ta) The probable period of usefulness
or said improvement is ten years.
Cd That the average assessed valua-
ION OF the taxable real property Onclud-
ing improvements) of said city computed
upon the next preceding three values
thereof in the manner provided in Section
IL of Chapter 252 of the Laws of 1916,
s S27,07s.152.0o.
Cc) That the net debt of the CITY of
Perth Amboy, computed in the manner
provided In said Section 10, is 81. $685.
I'D That the annual and supplemental
iebt statement required by Section IL.
been made and filed as therein re-
luired.
Section 4. The City Treasurer be and
hereby is directed to negotiate the sale of
said bonds according to the statute. and
he is hereby authorized to sell said bonds
at private or public sale in his discretion.
The foregoing ordinance was introduced
and passed on first reading at the meeting
IF the Council OF the City of Perth Amboy
\. J., held September 4th, 1923. and will
considered and taken up for second and
bird readings and final passage at the
of the Council to be held Monday,
september 18th, 1928, in the Council
City Hall, Perth Amboy, N. j.
Dated, September 7th. 1929.
PHILIP p. COSTELLO,
fS59-g-7-1s City Clerk.