THE FIRST $1,000,000 99 
coupon bonds with the option to the holder to have them 
registered or exchanged for registered bonds; will be exe- 
cuted by the county officers, and the whole issue duly coun- 
tersigned, principal and interest payable in gold coin. 
“The proceeds will be required for use by the Park Com- 
mission from time to time during a period of not less than 
two, nor more than three years. At least $750,000 will be 
required during the present year. 
THE COUNTY'S INDEBTEDNESS. 
“The county of Essex has a population of 300,000, and 
an assessed valuation of $178,165,000. Its present total 
indebtedness is $766,859, or less than one-half of one per 
cent. of the assessed valuation. 
“The act under which the bonds are issued requires the 
annual levy of a county tax sufficient to meet interest and 
principal when due. A county tax for any purpose is 
entitled to priority in payment over local taxes for munici- 
pal purposes. 
“Sealed proposals will be received by the Finance Com- 
mittee of the Board of Chosen Freeholders, at a meeting, 
to be held by said committee, at the freeholders’ room, in 
the courthouse, at Newark, N. J., on Tuesday, July 30, 
1895, at 3 o’clock P. M., which meeting will remain open 
until 3:30 P. M. Proposals should be: 
“1. For the whole of said bonds, to be issued at once. 
“2. For $1,000,000, to be now issued. 
“3. For the whole amount, to be issued in instalments 
of not less than $500,000 during a period not exceeding 
three years. 
“4, For any part of said bonds. 
“The purchaser to pay the interest accrued on said bonds 
to the time of delivery. 
“Under the statute, no bids can be received at any other 
time or place. 
“The Finance Committee reserves the right to reject any 
and all proposals, if in its judgment the interest of the 
county requires such action,” 
