True American. [volume] (New Orleans [La.]) 1835-18??, 1838-12-06

cure tho advantages TINT will result from INC rs,
tablismcnt of said Ferry, without comPFoo'n'nns
in any mann'r tho character OF the Iouhc" 'o'
firmness and strict impartality.
SAM'L. ]. PETERS,
BENZ WHITNEY.
Resolved, That the Protest and Petltioh Oh Az
Holmes, ]. 8. Mcfarland, L. V. Jourdain, w. r.
q Duplesis, and others, protesting against .he
-rdiulnce of this Council, directing the paving |
Of Circus street with round st"nes, lie rejected
Resolved, That it liz inexpcdient to grant the
rcau st of tho St. Mary's Market Steam, Ferry
Company at this time. -.
Mr.. Caldwell as chairman of the Special Com.
mittec TO ahich was referred the resolution pre-.
scented at the last meeting in relato on to loan OF
$500 OOO made the following Report accompanied
with tho annexed resolutions, which the rules being
dispensed with was taken into consideration, and
| adopted.
Your Committee, TO whom referred a com.
munication from Robert PaIfrey. cashier of the
City Bank, proposing for $500. 0G0 bonds authoriz-
ed by the Council to be emitted by an Ordinance,
passed on the 25th September, 1888, having tnken
| the subject into consideration, have come to the
unanimous opinion to recommend to tho Council
to accept tho same, for the following reasons:
FIRST Because your Committee has addressed all
tho Banks of the City upon the subject and they
have declined to make any offer for tho bonds
Second, Because after the published noticef 70.
uuired by the Ordinance of the 25h SoptombeR
in the Northern Cities well New Orleans,
only one offer has been received by the Comptroller,
and that for no more than $4,000, at no higher
rate than is offered by the City Bank to take the
whole.
Third Because your Committee deem it e1pe.
dent necessary and proper. that Municipality No.
should redeem: her notes in specie, eval with
tho resumption of specie payments by the Banks;
the object for which the aforesaid Bonds are to be
issued.
Your Committee therefore, beg leave to offor the
, following resolution
Resolved that the offer Of the City Bank for the
1890, 900 Bonds authorized by resolution of S5tf
September, 1888, for the redemption Of the SINAI
U note circulation of the Municipality 10 wit, eighty
dollars for every hundred dollars of Bonds, be ant
n the same is hereby a, ccpted: And the Mayor il
hereby authorized to to be ssued and deliver
t ed to said Bank three hundred Bonds OF TIL:
Municipality tor thousand dollars each, in tht
usu form, with interest warrants annexed thereto
said Bonds to be dated the first December. 1888
payable in thirty years, bearing six per cent PEE
annum interest, payable semi.annually at tn
Treasuror's office, or at such Bank in the City
Now York the City Bank may designate:
JAMES II. CALDWELL,
I L. YORkE.
$ Mossrs. Peters and Loekett at their request were
l.. excused from voting; on motion the ayes and nay
were call for, Mcssrs. Caldwell, Gloyd, Scwell
: Whitney aud Yorko " ted for it, and MIR. Nixon
it against it.
It Mr.. Caldwell presented petition from >
h McFarlane, offering to dispose to the Council o
certain property at tho of Circus and Poydra
o streets, which was referred 10 the committee o
@ Streets and Landings.
g On m rtion leave of absence for the remainder O
d the evening was granted to the Rccordo.
The Ordinance in relation to the Assessment ant
# Collection Of Taxes, being in order was taken up
j. and on motion the consideration of the same Wa
= postponed to next meeting,
It Mr.. Nixon presented tho following resolution
d which was read and made the order of tho day fo
;. next meeting.
e Resolved, That the Treasurer and Comptrollc
!. of tho Municipality and tho Secretary of tn
Council shall furnish copy of any public Doct
it ment or Record in their respective ofhces to an
e Alderman or other officer of Ito Municipality r.
er quiring the same.
o. On motion, the Council proceeded to the ele
ton OF Commissary of the Poydras Market
t. Eight votes present, counting tho votes, it al
10 poarcd that Mr.. john C. O'Grady had received
IN votes, G. Brown and J. Vance enc. SO M
,g O'Grady was declared duly elected.
On motion, the Council adjourned to Tuesd7
le next. the llth December instant, at o'cloc
p NJ. JOHN GIBSON,
lp Secratar