Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-01
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JoINr MEETING or THE CouNcrL.-A call meet
ing OF the Board Of Aldermen aud Common Coun-
eli was held yesterday evening. Mr. Cheatham
being absent Mr.. Thompson was called 10 the
chair
The object Of the meeting having been eI-
planned, Councilman Lellyett moved that the
Board of Aldermen be notified that the Board Of
Common Council are ready ~ meet them in con
yenton for the purpose Of making known, in q
formal manner TO the Legislature, the wants Of
the city a. to bonds for city uses and purposes.
The following bill was introduced by him.
BE Il caar,ed Jy the General AsssmJiv ofthe State
Of IeaHessec.-SEc. !. That from and after the
passage of this act the legal name and style Of
the Corporation of the city of Nashville shall be-
THE Mayor and City Council Of Nashville" by
which name they shall sue and be sued plead and
be imrleaded. and do all other acts as corporate
Sac. 2 That the Mayor and City Council Of
Nashville shall be and are hereby authorized TO
issue, IN their corporate capacity, the coupon
bonds of the city of Nashville to the amount Of
two hundred thousand dollars, bearing interest at
the rate Of SIX per cent. per annum. The sad
bonds shall be Of such denominations each, not
less than one hundred, nor moro than one thou
sand dollars, ~ may be liked by act OF the Mayor
and City Council Of Nashville, and shall mature
al such time or times and be made payable ut
sHch place or places a the said Mayor and COun-
cilmen may designate, not less than fifteen nor
more than thirty years after the date or dates Of
the issuance thereof the interest on such bonds
shall be made payable semi-annuay, at such
place or PLACES as may be fixed by authority of
Src' g. The Mayor and City Council Of Nash
Vile shall have authority to sell the lands Of the
city. the issuance Of which is provided for in the
foregoing section, or any part thereof and the pro-
cceds Of such sale sales, shall be applied 10 the
payment for improvements upon the streets al
leys. aud public places Of said city, commenced
since the LIST day Of January, eighteen hundred
SIC T. The Mayor and City Council Of Nash
III l.rf
ed 20 issue and sell the Coupon Bonds OF the city
of Nashville. provided for ~ the second section
Of this act b. the amount Of S}O,UO, m addition
TO the amount Of bonds therein provided for, pro-
vided that the said Mayor and City Council shall
take proper steps 10 ascertain the viii OF the quail
fled voters of said city OF Nashville by ordering
vote of the people 20 be token IN the usual man
ncr Of holding elections, under the charter
Of said city, and after "a public notice OF at
least ten days before the taking OF such vote;
and if at such election majority OF the qualified
voters shall east their votes in favor OF the lssu-
ance Of the additional amount, then the Mayor
and City Council Aforesaid may issue SAID bonds,
but not otherwise. Aud provided further. That in
case Of the issuance Of the bonds herein provided
for and the sale Of the same. the proceeds OF the
sale of the first $4,000 Of said bonds shall be APP
piled 10 the Improvement of the streets and clleys
of the city within the 7th Sth, 9Th and 10th wards
of ihe city of Nashville, and 20 the laying OF wa
ter pipes, and the making OF other permanent I'M
pruVcmcnts therein; and the proceeds OF the re-
manning bonds 10 the amount of SlJOOUO shall be
applied 90 works of permanent improvement OF
ordered by the said Mayor and City Council.
Sue .. That IL shall be the duty Of the Mayor
aud City Council of Nashville, and It Is hereby
mate condition of the granting of the privileges
and benefits of thts act, ln such annual aFpOr-
tioumcut OF the taxes upon property IN SAID city,
tn lay % special aud separate tax, the proceeds OF
which shall constitute fund 90 be called the
Interest Fund. which fund shall be held apart
from all other monies paid into the treasury OF
the city of Nashville aud be applied exclusively
90 the payment of the interest on tho public
funded debt of said city, including amy part OF
sand debt herein provided tur until the sand fund
shall amount 90 q sum suiiiccut to lIquldaie ali
Che interest ON said funded debt now due or iall-
iuF due within the year Of each such apporuon,
Iucnt aud the residue Of said fund, II any, SHAH
bp paid into the common funds of the city.
Amer the reading Of the bill, resolution was
offered authorizing the forwarding of the bill to
The Legislature. with the urgent recommendation
that il be passed boy that body. Pending its pas
sage. an amendment 20 the bin was offered, TO
include the Fourth Ward, which after much dis
custom was defeated. The resolution was then
passed, and the bill forwarded as indicated in
the resolution.