, 1861-06-27
cuQIly Submitted,
CHARLES G. r. HOLDEN,
JAMES II. MARSHALL

Pending motion to accept the report,
members fndulged IN spirited discussion,
AID. Hoyt hopedthat energetic action would
be taken to raise money to avert the ssfmpend-
Ing doom Of the city on the 1st pro1imo."
Aid. Mcdonald Was also "opposed" He
vas dissatisfied with the report, and believed
that the COMMITTEES had purpose1y and Wilfully
neglected to include certain matters in said
report which should hare been inclnded.
aid. Myers enquired how much of the city
would go to protest on the 1st proximo.
Mayor Rumeey replied that just SO much
would 60 to protest US is unpaid and due, and
that the said amount is $4,000
Aid. Colby moved "that the Mayor and
Comptroller, with the sanction of the Finance
Committee, be authorized to collect any mon
eyB that may be due the city from any party
or parties, on any account, to such an amount
as viii be sufficient to pay the July interest
due In New York, md other debts due at the
centage as they may be obliged to, in order to
transmit said moneys to New York"
Aid. FoEs said he should prefer to havo a
special COMMITTEES named instead Of the Fl
nance Committee.
AID. Colby's motion was adopted By vote
Of IS against AID Med Donald voting mega.
lively.
Aid. Comisky offered the following:
Resolred, That the Special Committee bc In.
Etructed to Investigate the matter in relation to
the defalcation OF the late Board of Sewerage
e sa eooa e. I taR m
are In this delalcatton, Adopted.
TIE c1Tx IT'S OWN pN6KR-
AID. Prindiyi1le called up the following or.
dinance, presented at the last meeting, which
was unanimously passed:
An oRD1DANCE concerning City Modks.
Be it ordained by the Common Council Of the
SEC i. That ali ordinances. OF parts Of ordlnsu.
recting the City Treasurer to deposit City Monies
IN any bank or banking office. Or designating any
c1tymonica. be and the same arc hereby rescinded
| repealed and annulled.
SEC. 2 That the City Treasurer be and II hereby
city in fome secure safe OF vault, which shall b.
under his control OF supervision. where the mo
MES belonging to the separate funds shall be kept
separate ahd distinct from each other, and from
his own and all other monies whatsoever. The
said monies at all times to be subjected to the IN
epestion and examination Of the Mayor, the Com.
SEC. 8. Tint the Mayor and COMPTROLLER be-
and they are hereby authorized, with the concur:
renee Of the Committee on Finance. to withdraw
cface, who ho1d, any such city monies on deposit,
such terms ae 70 them shall seem fos the Best in.
ceive such funds, or 1nnkc ench discount iii Any
IN snch banka or banking offices, shall By them
be considered }or tho best interests Of the city
| and when 70 drawn BY them, the Awount Of money
received shall be deposited ia the city treasury,
| except the School Fund, which ehall be deposited
with the School Agent, to credit Of the separate
funds to which It belongs, aud If any discount be
| made 1t shall be charged by the Comptroller pro
rata, to the funds on which 1t is made. Propidtd
| that las 'far as the Reform School Tax Fund ID
concerned, their action ehal1 first meet the appro
ysl OF the President of Guardians Of Reform
| School, and as far School Fund and the School
Tax Fund is concerned, their action ehall first
| meet the approval Of the President OF the Board
| Of Education. and Is far as the Sewerage aud Wa
ter Funds arc concerned, their action shall first
| meet the approval Of the Board Of Public Works.
| Aid. Ellsworth made motion, tsthat the
Mayor and Comptroller with the concurrence
Of the special committee appointed to inves,
tigate the matters pertaining to Sewerage
Commissioners finances and the Board Of Pun.
lie Works, be and they are hereby fully en-
| powered to make such settlement and adjust,
ment Of the balances due from the lata Board
Of Sewerage Commissioners shall to them
eeem for the best interests Of the city,
Aid. Comisky moved to amend BY making
| 1t the duty Of the Committee to report to th3
Council Lcst-ayes 6, nays II.
AID. 1ittsWorth's motion Was then passed
| ayes IS, nays 8.
| The following was received from the Comp
troller: