Perth Amboy evening news., 1923-06-11

on Market Street TO the Intersection OF
Market Street and the Southerly extern
sion OF Elm Street: thence southsrly on
Elm Street TO a point where the central
line OF said Elm Street intersects the
right OF way OF the Raritan and North
Snore Branch OF the Central Railroad of
New Jersey; thence Easterly under tha
rig OF way and tracks of the Raritan
and North Shore Branch OF the Central
railroad OF New Jersey and also under
the right OF way and tracks of the Cen
trail Railroad OF New Jersey in me nsw
position Of said tracks to a point in Sec.
ond Street. at or near the intersection Of
second Street and Paterson Street. thence
along second street to the Raritan River
together with a connecting link running
from Washington Street where the said
street crosses the tracks OF the Central
Railroad Of New JeI sey. southeriy TO New
Brunswick Avenue, and connecting with
the hrst described trunk sewer, said sewer
TO connect with all present sewers west
or the Central Railroad OF New Jersey
and South OF Washington Street, includ-
ing said Washington Street, s340OOo.06
installation Of suitable electric lighting
facilities in and upon said streets, 10000
$4,000
Section 2. That there be issued 10 meet
the cost Of such improvements temporary
improvement bonds Of the City OF Perth
Amboy from time TO time in an amount
not to exceed in the aggregate $500. 600,
which bonds shall bear interest at not ex-
ceeding six per centum per snnum, pay
able semi-annually.
Section g.. Said bonds shall be in such
form as has been provided by resolution for
temporary Improvement bonds OF the City
OF Perth Amboy. shall be signed BY the
! Mayor and Treasurer and attested BY the
| Clerk under the seal of the City: and f
F, coupons for the payment Of interest be
attached, they shall be executed by the
fac-simile signature OF the City Treasurer.
The said officers, who are to sign the
bonds, may fix any details not fixed by
resolution of this Council or by this or
dinance.
Section 4. That the Council Of the City
Of Perth Amboy hereby determines and
declare sas follows:
la) That the average probable per-
iod OF usefulness Of the improvements
herein mentioned. is fifty years.
(b) That the average assessed valua-
ton Of the taxable real property Gn-
Guiding simprovements) 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 1915, is s2707S,152.0O.
Paving of Market Street for a distance
OF 500 feet where said street crosses the
right of way of the Central Railroad of
SIS. 10000.
Paving of smith street for a distance
OF $40 feet where said street crosses the
right Of way of the Central Railroad of
New Jersey, and on both sides thereof,
SIS. 5000
Paving OF New Brunswick Avenue for
a distance of $50 feet where said street
crosses the right of way OF the Central
Railroad of New Jersey, and on both
sides thereof, / 100000.
Paving of New Brunswick Avenue for a
distance OF $50 feet where said street
crosses the right of way Of the Central
Railroad of New Jersey and on both sides
thereof $1,000 90
Paving of Washington street for a dis
lance Of 1000 feet where said street
crosses the right Of way OF the Central
Railroad Of New Jersey. and on both sides
Paving of Hall Avenue for a distance of
800 feet where said street crosses tie
right of way Of the Central Railroad of
New Jersey. and on both side thereof.
Paving OF New Brunswick Avenue for
a distance of 1900 feet where said street
crosses the right OF way Of the Lehigh val
ley Railroad, and on both sides thereof.
tAn OF the foregoing paving to be Of
asphalt brick, blocks or other suitable
material on a fundation Of concrete not
ness than six inches thick).
Installation of suitable electric lighting
facilities in and upon said streets, $4,000
s5er. 5op
Section 2, That thers be issued TO meet
the cost of such Improvements temporary
Improvement bonds Of the City of Perth
Amboy from time TO time in an amount
not to exceed in the aggregate $500. 600,
which bonds shall bear interest at not
exceeding six per centum per annum, pay
able s~emi-annually.
Section . said bonds shall be in such
form as has beer provided by res5tItion
for temporary Improvement bonds Of thu
City Of Fern kmboy, shall De signsi by
the Mayor and Treasurer and attested by
the Clerk under the seal of the City, and
II coupons for the payment Of interest be
attached, they shall be executed by the
facsimile signature OF the City Treasurer.
The said officers who are to sign the
bonds. may fix any details not fixed by
resolution OF this Council or by this or
dinance
Section 4 That the Council of the
City of Perth Amboy hereby determines
and declares as follows.
(a) That the average probable per-
iod of usefulness Of the improvements
herein mentioned. is fifty years.
(b) That the average assessed Yalua-
tion Of the taxable real property dn-
Guiding 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. Is S27,o7s,152.O0.
Of Perth Amboy. computed in the man
ner provided in said Section II, Is a.
Id that the average assessed valu-
alton of the taxable real property On
GLIDING improvements Of said City
computed upon for the years 1870, 1924,
and 1922 in the manner provided in
Chapter 167 Of the Laws of 1923 is
&25. s1,sSs.Oo.
(e) That the annual and supplemental
debt statement required by said section
IL have been made and fled as herein
required.
Section s. That the city Treasurer be
and hereby is authorized to negotiate the
sale Of said bonds, according TO the sta
Upon motion of Mr.. Waters, the fores-
ing ordinance was ordered passed on nrst
reading by the following vote; Nea-So-
neid, Waters, Patten. Mcclure. Clark,
iedy, Calvin. Aay-NOne.
The following ordinance was offered by
Mr.. Waters, which ordinance was read in
full by the Clerk:
An Ordinance making appropriations
for School improvements and Authorizing
the raising Of s250,0o0 by the issuance OF
School Bonds of the city OF Perth Amboy.
Whereas the Board OF Education of the
City OF Perth Amboy has decided that II
is necessary to raise the sum Of Two
Hundred and Fifty Thousand Os250'OOel
Dollars for the purpose Of erecting and
furnishing a school building on the block
bounded by Hall Avenue, Alta vista
Place. Arnold Avenue and Jacques Street
in said city and has, pursuant 10 the pro-
visions of an act OF the LEGISLATURE OF
the state of New Jersey, entitled An
act TO establish q thorough and efficient
system of free public schools, and to pro-
vide for the maintenance support ana
management thereof approved october
10, 1908, and the acts amendatory thereof.
prepared and delivered TO each membe
Of the Board of School Estimate Of the
City of Perth Amboy a statement Of the
amount OF money estimated to be neces-
sary for such purposes, and
Whereas the Board of school Estimate
Of the City OF Perth Amboy has fixed and
determined the amount necessary for such
purpose at Two Hundred and fifty thou
sand (S25O,0 00) Dollars, and has made
two certificates of such amount, one which
was duly delivered to the Board OF Educa-
ton and the other to this Council.
Now, Therefore, be II ordained by the
Of Perth Amboy as follows:
Section I. That there is hereby ap-