Perth Amboy evening news., 1923-11-17

new position OF said tracks to a point In
second 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 run
ming from Washington Street where tbs
said street crosses the tracks OF the Cen
trail Railroad of New Jersey s~outherly to
Rev Brunswick Avenue. and connecting
with the first described trunk sewer; said
sewer to connect with all present sewers
west OF the Central Railroad OF New Jer-
sey and South of Washington Street. in
Guiding said Washington Street.
Section 2. That there be issued TO meet
The cost of such improvements temporary
improvement bonds o. the City OF Perth
Amboy from time to time in an amount
not 10 exceed in the aggregate $3.50. 00p.e 90
which bonds shall bear interest at mot
exceeding six per centum per annum.
payable semi-anuually.
Section 3. Sal dbonds 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
IL coupons for the payment of interest be
attached, they shall be executed by the
fac-simile signature of the City Treasurer.
The said Ulcers who are to sign the bonds
may fix any details not fixed by resolution
OF this Council or by thi sordinance.
Section 4. That the Council of the City
OF Perth Amhoy hereby determines and
declares as follows:
(a) That the average probable period
of usefulness OF the improvements hereia
mentioned Is forty years.
tb) That the average assessed valua-
tlon OF the taxable real property tinelud-
ing improvements) of said city computed
npon the next preceding three valuations
u of Chapter 252 of the Laws OF 1915. ~
S27.078,152.0 90.
tel That the net debt of the City OF
Perth Amboy. computed in the manner
provided in said Section IL, is Sf,SS2,654.g0
cd That the average assessed valun-
tlon of the taxable real property unciud.
| tnp i'm RrnVan4artEA Of oafa 0itV RnrrnnIU4I
upon the for the years 1920, 1921 and 13Sz
in the manner provided in Chapter 1ef OF
the Laws of 1928, IL $25,1s1 sss co.
te) That the annual and suppiemenia'
debt statement required by said Sectlof
~ have been made and fledas hsxsA
required.
and hereby is authorized to negotiate the
sale of said bonds. according TO the statute
Section g.. That the ordinance passed
on the seventh day of May, 1923, entitled
IAN ordinance to authorize the making OF
improvements in connection with the
elimination of Railroad Grade Crossings
| appropriatins the sum of $500 900 to. pay
the cost OF same and authorizing AMI
raising of said sun by the Issuance OF
Temporary Improvement Bonds Of the City
of Perth Amboy" be and the same Is
| hereby repealed provided that no action
taken Hereunder with reference TO the
improvements authorized thereby shall be
inyalidated by this repeal but any ana
all such actions shall be deemed to have
| Loen taken pursuant to this ordinances.
Upon motion OF Mr.. Waters, the forego-
ing ordinance was ordered passed on first
| reading by the following vote: Yea-Wa-
tiers, Patten. Mcclure, Clark, Riedy. Gall
win. Nay-None,
Upon motion of MIR. Waters. It was voted
10 revert back TO new business.
The following resolutio nofered by Mr..
Patten:
Whereas this Council did advertise Tor
bias for the construction of a trunk sewer
system with appurtenances west Of tho
tracks of the Central Railroad of New
! Jersey and this Council did receive hids
for the above mentioned work on October
LIST, 1923 at a regular meeting OF this
| Council, and
Whereas a bid was received therefors
/ and opened thereto, and Hammer q Co.,
| of Detroit, Mich, being the lowest bidder.
Now, therefore be it resolved by this
Council of the City of Perth Amboy that
the proper Municipal Officers be and here
By are authorized and directed TO enter
into a contract for the above mentioned
work according to tho plans and speci-
fcations hereby approved. with the said
Hammer & Co, as per bid and at the
| prices so indicated in their bid submitted
on October list, 1898.
Upon motion of Mr.. Waters. was adopted
by the following vote: Yea-Waters, Fat
ten, Mcclure. Clark, aiedy. Calvin. Nay
None.
Upon motion of Mr.. RIedy. Council ad-
journed. -
| s99o5-11-17-1t City Clerk.