New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1852-05-17

No g.
An Ordinance oridng for the subscription By the city d
Neo Orleans to The stock Of The NeD Orleans Opelousas and
Great Weste,n Railroad Company.
That the city of New Orleans subscribe to the stock
of the New Orleans Opelousas and Great Western Railroad
Company shares to the number of sixty thousand
ing to million and half Of dollars and that tax Of
onethrd of per cent be levied the landed estate
of the city of New Orleans annually for six years. to
said subscription, commencing May ], 1853.
That tax of two per cent is hereby levied all
the landed estate situated in the city of New Orleans said
being sufficient to pay the amount of said subscrp-
ton Onesxth of this tax being onethrd Of per
cent shall be payable on the first Monday Of May 1858
another sixth the first Monday of May 1854 another
sixth the first Monday of May 1885, another sixth
the first Monday of May 1856 another sixth the first
first Monday of May 1855 Said taxes shall be payable
at the Office of the City Treasurer and shall be collected
in all other city taxes according to the
provisions of the 3h section Of the law consolidating the
city of New Orleans.
Separate receipts for the tax shall be given to the
Taxpayers, which shall entitle them to an equivalent
amount in stock of the said Railroad Company when
the amount Of the tax receipts shall correspond
exactly with the amount of share or any number OF
shares in the Railroad Company it shall be lawful for the
holder Of the receipt to complete the fraction to
amount equivalent to share by payment in cash of the
deficiency
1t shall be the duty of the City Treasurer to pay
to said Railroad Company, through its proper officers
every Monday the amount Of the railroad tax aforesaid
collected during the preceding week accompanied by
list of the of the persons who have paid the tax
| and of the amount paid by each.
This ordinance shall not take effect shall cleo
tion be held for the purpose of submitting it to the
val of the payers required by law, until the Board
Of Directors of said Railroad Company shall have
ncated in writing to the Common Council their consent
accept the subscription herein ordained payable in the
manner herein above set forth
Whereas 1t has been satisfactorily ascertaned that
without the aid of the property holders the New Orleans
Opelousas and Great Western Railroad cannot be
sructed to successful issue the real estate interest
receives the advantage caused by such public
works. and consequently such interests ought to aid this
important undertaking and although some large property
holders have made handsome subscriptions yet the great
bulk subscribers to the above road are men
limited and mechanicsthe bone and sinew of the
community; and whereas although the majority of real
estate have not made voluntary subscriptions on
the books of the Company they almost unanimous in
the belief that tax must be levied and many are anx-
ious to pay it, confident in the belief that the tax will not
only advance property but that they will receive for
tax paid dividend paying stock that will not surpassed
in the world therefore be it,
Resotd That the Mayor is hereby authorized and di-
rected to order election in conformity to the above or
dnances to take place the third Monday in June next
and to make complete returns said election within ten
days from the opening or closing Of the polls
[signsdl $50 FRANCIS ALPUENTE
.pHss President Board Of Assistant Aldermen
lSignedl 49,. lasl w. c. @. CLAIBORNE II t-a
~ p PreEdsnt Board Of Aldermen.
Apggrsvss 18th May, 1884, I,
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