Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-06-07

AlIh COUNCIL the ON instant lhc mayor
called the Common Council together. in order to
submit matters Of great importance for their con
siieration; but there not being quorum present
the meeting was adjourned until yesterday at 81
o'clock D. NJ when the Board of Aldermen was
also 10 met. We regret from some cause there
was not a quorum present in the Board of Alder
men. but the Council met, and with sufficient
number present for the transaction Of business.
The following Councilmen were in their places {:
Duncan. Graves Robertson, Ambrose Brcn,
lIaslam, Haley, Lcllyctt. Jones. Harsh, Baasly,
McGoycm and Cotton.
The Mayor message was then read and or
dered to be transmitted to the Board Of Aldermen:
Mayors OFI1CE. NASHVILLE. Tenn, June 9Th,
1856 70 he Honorable I'm COuHcii-GENTLE-
MIN Your attention u respectfully called AT
this special meeting OF your Honorable body 20
the consideration of AN act passed 10y the General
Assembly of Ahc State of Tennessee, May 18th,
1866. granting authority 10 The Mayor and CITY
Council Of Nashville to issue S2OO,OO0 bonds OF the
corporation for its and benefits, and IN con
ncrtion with this subject ! would urge the lmme-
datr passage Of such act or acts as are necessary
e. meet the requirements of the law, and TO ena-
bic the Commissioners appointed under ITS pro
visions 10 proceed without delay to their issuance
SonI attention Is also directed To- the financial
condition of the corporation under its general
management. Success far beyond the most san
.gnine expectations. has been realized. Extensive
improvements have been made throughout the
Ii is well 10 consider also the amount Of taxes
Ftill due and unpaid, which can be seen by Seicr.
,.nrs 10 the tax books With prompt payment Of
past due taxes. much relief and assistance would
be given ia aid Of the general improvements OF
our corporation, and none would feel the bcne-
fits more than the large property holders.
j am very respectfully,
" Mari BRowN, Mayor.
The bill TO sell Corporation Bonds, under a
suspension Of the rules. passed the Board Of
Common Council, and as it is measure in which
all of our citizens are deeply interested, we ap-
pend the bin in full:
An act 90 provide for the issuance Of the Bonds of
the city of Nashville 60 the amount oi Two
Hundred Thousand Dollars, Tor the bcneht oil
WuEREts, by an act passed by the General As
aembly of the Stale Of Tennessee. May =, 1870,
the Mayor aud City Council of Nashville, are
authorized 10 issue the Coupon Bonds OF sand
city 90 the amount Of Two Hundred thousand
Dollars, bearing interest at six per cent. per an
mum, payable semi annually; and 10 hN the ac-
nomination of said bonds luot less than one hun
dred, nor more than one thousand dollars eachE
aud the time of the maturity OF sand bonds mot
less than fifteen. nor more than thirty years. and
20 designate the place or places OF the payment
of said bonds, and also the place or places OF the
payment Of the interest thereon; and
WHEREAS, The said Mayor and City Council are
further authorized By said act Of the General As
scmbly of the State of Tennessee, TO provide Tor
the sale Of said bonds, and the application OF the
proceeds 10 the payment for works of improve
meut commenced since the LIST day OF January
1850,
NtyLriH,. lsL That the Coupon Bonds of the
city of Nashville shall be issued. 20 the amount Of
Two Hundred Thousand Dollars. Each at sald
bonds shall be signed by the Mayor couutcrSlgned
la thc Recorder. md sealed with the seal of the
city of Nashville, aud made payable TO the Urea
surcr of the city or his assigns. The said bonds
shall bee dated ON the lst day Of July, 1850, and oi
the whole amount, ouc-tcnth part Shall mature
uu the lst day of July, Eighteen Hundred ana
Eirhiy-uue and onc-tcnth part annually in'rS
after That l. 90 say. the payment OF SAID Bonds
shall be- div ilpd into ten annual instruments oi
twenty Thousand dollars each, from tue year
Eighteen Hundred and EIEhty-onc 10 the year
Eighteen lludrcd and Ninety, inclusive. Each
bond shall bc Tor the sum ut one thousand uoiatS
ana shall be prepared With proper coupons at
tarhcd, according Ia the time oil the maturity
thereof each coupon signed by the Treasurer ol
the city. The said bonds shall be made payable
nj the option of the holder, on maturity, ~ INV
office of the City Treasurer, m Na>hNhle, OF III
the city of New York, at such bank n may hcIc
aitcr hc selected 10y the commissioners or aEoht5
ut the city OF Nashville who may hc appointed
Co carry cut the provisions Of tins act ana tho
interest uu the bonds shall be payable an IKE
manner both iu Nashville and New urk, so
that The holder oi the coupons may be PAM on ae
mand at either place.
SIC. 2 bC % ftrfhcr enacted, That m ord'r 10
carry out the provisions Of this act, HIS Honor
the Mayor. D. hereby empowered 10 appoint Two
or more commissioners ON behalf of the corpora
tion of the city oi Nashville 20 negotiate the sale
nf the bonds provided for In the foregoing sec
lion: and said commissioners are hereby fully en-
powered Go sell the said bonds at such rates rs
may be hereafter provided boy resolution OF the
CITY Council and approved 10y tho Mayor and
said commissioners are hereby empowered Co Gnu
ploy an agent or agents act .r them IN the sale
,f said bonds and 30 allow said agent or agents
proper commissions or compensation Tor ms "l
their services. ~
Srr B. b. e. further enacted, That Nis Honor
fhu Mayor together with the SAID commissioner
ana the Committee ON Finance. be authorized an'
directed O. cause the necessary bonds Co be pre-
pared and 60 make all other and further arrange
incuts necessary 60 the faithful execution of M
provisions of tins act. which shall take cheo
irom and aitor its passage.
Mr. Lcllyctt offered the following resolution
which was adopted:
E.sa'rs4 iU o., en- CauHcH ~ Nu,iriN, Tha
his Honor the Mayor hc authorized and request
cd TO discharge the Waterman st the Island; ant
that the Mayor be authorized 90 make sale Of tn
privilege Of cutting wood on the said island. io
one year al time, 20 the highest bidder
Mr.. Lelycit offered the following resolution
which was adopted
E,soirsa ~ The Jiip C8uuci7 That the Rsvcnu
Collector be requested 60 furnish full rcpot
OF taxes duo aud unpaid tho Corporation. al Oh
next regular meeting
This being all of the business. the Counc
adjourned.
RrcuRDrE's CouEr. - Recorder Wilkinson