The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-06-24

THH RESOLUTIONS or AID. BsAsca.--Beiov
viii be foaad tbs resolutions introduced frt1
the City Council on Tuesday last, and the pre-
amble will explain the principal objects which
will be attained by their adoption. It IL necss.
sary to place In the Treasury sum Of aboa
$4,000, TO meet the interest accruing on the
bonds VI the city already Issued. II these res
olutions are adopted b. the Council, large
amount Of the outstanding city orders will be
Cancelled. and have . tendency TO reduce the
taxsy, aud yIaes the Affairs Of the city on q
healthy foundation.
II will be seen also that the adoption Of the
third resolution will result in stopping efectu.
ally the letting Of street contracts for the re.
mainder Of the season something which is re
ally demanded when the condition Of the city Is
taken into consideration
WHEREAS. There Is now outstanding, ifty
thousand dollars Of City Bonds, and the inter.
est on said Bonds become due on the 18th Of
August and September 1858, and
,wHgKEAs, II Ia necessary for the credit OF the
city that said interest should be punctually
paid when due and payable, and the city being
entirely dependent upon the revenus OF the
city for funds TO make said payment with, and
WugKEAs, Said revenue il being entirely paid
to the city In city orders; therefore il IL neces.
sary for the purpose Of raising funds to meet
said interest promptly, to draw In all outstand.
ing orders Of the City immediately, by the Is
sue OF the twelve thousand dollars OF City
Bonds a. previously ordered by the Council
and to put out but limited supply Of City Or.
dcrs for the purpose Of defraying the current
expenses Of the city government, thereby
forcing the taxes and revenues OF the city 10 a
great extent to be paysd in cash therefore be
R.soired, That the City Treasurer be author.
ised to negotiate the twelve thousand dollars
City Bonds as authorized by the Council In
1868. at par. and the City Clerk Is directed TO
issue said Bond, in such sums IA the Treasurer
may direct and hand said Bonds over to the
Treasurer aud be II further
Rssoired That the Resolution authorizing the
issuing OF said Bonds be amended 80 a. to
make the interest on said Bonds payable at the
time OF the maturity OF said Bonds; and be it
further
Rrsoirsd, Tha, the Council shall not let any
contracts for the grading OF streets In the City
until the amount Of cash is in the Treasury OF
the City, for tho payment in full Of all interests
upon Bonds OF the City which will become due
in tho year 1858 and the spring or 1859, and the
City Treasurer Is hereby directed to set apart
the first funds SO received In cash 10 the amount
necessary to pay said interest as aforesaid ex'
clusively for that purpose, and be II further.
Kssoirsd, That the City Treasurer IL hereby
directed TO cancel all City Orders which he
now has ON hand, or shall hereafter receive be
longing to the City, and to not pay said orders
out for any purpose whatever; and be II fur
Their
Rssoired, That Ia all cases where contracts
have already been let, aud the City becomes
paymaster for said work that there be issue
10 said contractors Bonds Of the City In antici-
patton Of the taxes for the year 1858 to the
amount Of said claims II said amounts to one
hundred dollars or over, II said contractors are
willing TO receive said Bonds instead Of City
Orders, said Bonds payable in one year with "
per cent. interest, and IN all eases where work
Is chargeable TO property under the new char.
ter Of tho city for grading, sidewalks or any
other improvements, that there shall be issued
Bonds for the Improvement therefor, said Bonds
payable in two years with interest at II per
cent payable at tho Office Of the City Treasurer
in tho city Of st. Pant. Nothing in the above
resolutions Ia intended to prevent the street
commissioners of the different wards from re :
pairing or cleaning up streets in their wards. =
ordered printed and referred TO City Attorney