New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-21

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SONS employed to make the Same, said general ulan
and book ofpIans, shall be Mt all times subject u the
inspection and use Of the Assessors and Supervisors
of Assessments Of said city. . 81
Common Council shall, annually, in the month Of Jan
uary, pass an ordinance, to raise by special tai
upon all property real or personal in New Orleans
sum sufficient to pay the annual interest on the bond
issued by the city, for subscriptions to the stocks
the New Orleans, Opelo1sas and Great Western Raj
road Company, the New Orleans, jackson and Grea
Northern Railroad Company, and the Pontcbartrall
Railroad Company; specifying the rate OF said tax
which shall be collected at the same time, and in t
same manner as the Consolidated Loan Tax Of sait
city, and all ordinances, resolutions, Or other acts
passed by said Common Council after the first day
January in each year. except an ordinance to impose
said Consolidated Loan Tax, and the ordinance pro
the ordinance provided for by this section sha have
been previously passed Provided, That when either
Of the Railroad Companies herein named, shall make
payment of dividends of six per cent. per annnm, on
the stocksof said Company held by the city noieyy
Of tax for the payment of the interest the bonds
issued to said Company shall be made, but said dYi
dends shall be applied by the city to the payment Of
said interest; and Provided further, That whenever
said dividends shall amount to more than six per
cent per annum the excess, after payment Of inter
est shall be applied to the purchaseof the city bonds
issuedto the Company making the same; it being
understood that when dividends for less than six per
cent. per annum are received on the stock Of said
Company, held by the city tax for interest shall be
levied for the difference only between the amount of
said annual dividends and the amount Of the annual
interest on the bonds issued to said Company.
i mil
Common Council shall elect, in joint session. uiya
roce one of the banks Of the city Of New Orleans as
Fiscal gent, to act as such during the pleasure Of
the Common Council, until said agent resigns, for
the following purposes, viz :; A.,-i t. T. ~
To receive from the City Treasurer daily, OF, de-
post, all moneys collected by said Treasurer, ac
count of the Consolidated Loan Tax, and taxes for
the payment of interest on bonds issued by Railroad
Companies in which the city is stakeholder and to
keep separate accounts Of the same, each under its
proper head. &s-
To pay when due, without expense to the city, all
interest coupons on bonds of the Consolidated Debt
of the city Of New Orleans, and all interest coupons
on bonds issued to Railroad Companies or any other
interest coupons if such there be, which the city oil
New Orleans is bound by law to pay whether the
same be payable in said city or elsewhere: Said Els
zeal Agent shall also pay when in possession OF city
funds any bonds purchased before maturity by resou
ton Of the Common Council under existing laws: Pro
uded, every bond 50 purchased shall have endorsed
thereon, by the Comptroller of the city, the amount
to be paid for the same, and the date of the resou
ton Of the Common Council authorizing the purchase
In the event of interest coupons falling due pre-
Yously to the collection and deposit of the taxes i'm
posed for the payment OF said coupons, it shall be
nevertheless obligatory on the Fiscal Agent hereby
created to pay said coupons on presentation; and
any amount thus advanced, shall be reimbursed I'd
said agent out of the first taxes collected of the
taxes imposed for the payment of said coupons.
To report monthly, under their proper heads, as
above provided, to the Common Council, the amount
nd 6xrf
ending at the date of the report, the amount of in
terest coupons and bonds paid with description OF
the same and the balance Of cash remaining hand
Said report shall be spread upon the minutes, and
published nSthe official journal of the Common Coun
Gil as part of their proceedings. s q "a
To deliver to the Comptroller of the city, on de.
mand, any bonds or interest coupons which may have
been paid under the provisions of this act: Provided
said bonds, interest coupons, shall be cancelled by
the Fiscal Agent before their surrender in the pre-
sence Of the comptroller who shall receipt for the
same. IS, az. ...
No portion Of the deposits, made as aboveprovded
shall be withdrawn from said Fiscal Agent on the
check Of any person persons whatever, except I'M
der resolution Of the Common Council to remove
said deposits to another bank elected Fiscal Agent
the city under the provisions of this act; in which
case, check for the funds to be removed shall be
signed by the Mayor, Comptroller and Treasurer and
shall be accompanied by certified copy Of said resolu
ton. The Bank elected as the Fiscal Agent of the
city, as above provided, shall notify the Mayor Of
the city of its acceptance of said agency within five
days from and after said election otherwise, said
election shall be null and void, and the Common
Council SHALL at its next meeting thereafter proceed
to new election Of Fiscal Agent as provided for by
! this Fact. ag D"
SEQ Fll9. Be it further enacted, ETC., That when
ever oneourth Of the of real property, front
ing upon any unpaved unbanquetted street in thu
city Of New Orleans, SHALL by petition, signed by TIN
petitioner, petitioners, and addressed to the Com
mon Council Of said city, ask for the paving or 70
the banquetting of said street, or for any porto
thereof Setting forth the character and quality
said pavement or of said banquetting, said Commo
Council shall cause said petition to be published, j
French and English, in the official journal of sal
city, for and during eight weeks, once in each week
and if, at the expiration of said publication mad
of said petitiona majority of the owners Of real PROF
erty fronting on said street, or said portion thereo
shall not, by memorial signed by the memoralist Q
meniorialists, and addressed to said Common Cour
Gil, object to the same, said Common Council shall
by resolution or otherwise, order said paving or sal
banquetting, petitoned for to be made, in accord
ance with section 80 of this act; and the whole
of said pavement, or of said banquettes, SO made a
aforesaid, shall be borne by the owner or owners o
real property fronting on said pavement, Or on sal
banquettes, in equal proportion, according to til
running front foot Provided, that no petition 70
new paving Or new banquetting shall be presented t
! the Common Council during the months Of July
! August or September. w.W.g
SEC. 1870. Be it further enacted ETC., That when
ever any owner or owners of property fronting upo
Orleans, shall, by petition, signed by the petitione
or petitioners and addressed to the Common Counc
ofsad city ask for new paving ora new banquettin
Of said street, or any portion thereof, of charaete
different from the then existing pavement Or bar
quotes of said street, Of said portion thereof an
setting forth in said petition the character and qua
of said new pavement, or of said new banquetting
the Common Council shall cause said petition to b
published in French and English in the official jour
nal of said city, for and during eight weeks, once il
each week and if, at the expiration Of said pubica
ton so made, of said petition majority of the owl
ers of real property fronting on said street, on sal
portion thereof, shall not by petition otherwise
Signed by the petitioner petitioners and addresse
to said Common Council, object to the same, sal
Common Council SHALL by resolution or otherwise
order said pavement, said new banquettng, s
petitioned for, to be made, in accordance with SCI
ton 80 ofthis act and the whole cost of said me-
pavement, or of said new banquetting, so made q
aforesaid shall be borne by the owners Of said ref
property fronting on said new pavement, or Oh sal
new banquettes, in equal proportion according to til
running front foot. Provided that no petition forne,
paving or new banquettng shall be presented to til
Common Council during the months Of July, Angus
Or September.
SEC l2l. Be it further enacted, etc. That wheneve
any owner or owners of real property situate in I'll
city of New Orleans, shall by petition, signed by I'll
petitioner, or petitioners, and addressed to the Con
mon Council Of said city, ask for the opening, wide
ing or Strengthening Of street or streets throug
their property and through other real property adj
cent thereto setting forth in said petition The lengt
width and direction of said street, or streets, togeh
with description of said other djacent real proper
Land pf &bon