The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-06-07
CITY COUNCIL.
Board of ConnciImnn-

A called meeting Of The Common Coun-
ell commenced yesterday at O'Clock. Presi-
dent Cotton in the chair. The following
members were present: Messrs. Garves.
Robertson, Ambrose, Brien, Hasam. HALEY.
Lellyett, Jones, Karsch, Bessley, Mccoy
ern, and President Cotton.
MESSAGE FROM THE MAYOR.
The following message from Mayor Brown
was read by Mr.. LelIyett, and, on motion,
was placed on file:
To the Honorable City Council:
Gentlemen-Your attention is called at
this special meeting Of your honorable body
to the consideration OF an act passed By the
General Assembly Of the State Of Tennessee
May q, 1866, granting TO the corporation
and city OF Nashville 20 issue 200 one thou
sand dollar bonds Of the corporation for h,
uses and benefits. In calling your atten-
ton 20 this subject, have only TO urge the
passage of sucn act or acts as are necessary
10 meet the requirements Of law. and n
enable the Commissioners appointed under
its provisions 70 proceed without DELAY 10
the issuance and sale Of the bonds. Your
attention IS also directed 70 the financial
condition OF the corporation under its gen
eral management. Success far beyoDd the
most saDgulne expectation has been realized
Extensive Improvements have been made
throughout the city. 1t is well 10 consider
also the amount Of taxes still due and ia
pald, which can be seen by reiersnce to the
TAX DOCKS. WIN prompt payment Of past
due taxes, much relief and assistance would
be gwen IN aid Of the several improve
ments OF our corporation, and none would
leel the benefits more than the large proper
y holders.
W. MATT. BRowE, Mayor.
A BILL AUTHORIZING THE ISSUE OF 500, 900 IN
BONDS.
Mr.. Lellyett introduced the following
bill:
An Act 10 provide for the issuance Of the Bonds Of
the Cly Of Nashville, to the amount Of sos, 900,
for the b NETT Of said city.
Whereas By an act passed by the Gene |
raj Assembly Of the State of Tennessee, |
May 28Lh, 1866, the Mayor and City Coun- |
ell Of the city Of Nashville are authorized |
to issue the coupon bonds of said city 10 the |
amount Of 100000, bearing interest at six |
per cent per annum, payable semI-annual- |
ly, and 10 tx the denomination of said /
bonds, mot less than one hundred nor more |
than one hundred thousand dollars each,) |
and the time Of the maturity oil said bonds |
mot less than fifteen, nor more than thirty /
years.; and to designate the place or places |
Of the payment Of said bonds, and also the |
place or places Of the payment Of the inter |
est thereon. And whereas, the said Mayor /
and City Council are further authorized by /
said act Of the General Assembly, 10 provide /
for the sale of said bonds, and the applica
ton Of the proceeds TO the payment for
works Of improvement commenced since
the first of January, 1856 therefore be 1t
enacted by the said City Council Of Nash
VILE,
SECTION /. That the coupon bonds Of the
city Of Nashville shall be issued to the
amount of $780, 900. Each Of the said bonds
shall be signed by the Mayor and counter
signed by the Recorder, and sealed with
the seal Of the city Of Nashville, and made
PAYABLE 70 the Treasurer of the city, or mis- |
assiguees. The said bonds shall be dated |
on the last day Of July, 1866; and Of the
whole amount, one-teuth part shall mature
on the fret day of July, 1851; and one-tenth
part annually thereafter, that is to say, the
payment Of said bonds shall be divided into
ten annual instalments of $20, 900 each,
from the year 1881, to the year 1880 inclu-
sive, whichs5ouds shall be prepared with
the proper coupons attached, according to |
the time Of the maturity thereof, each cou-
pom signed by the Treasurer Of the city.
The said bonds shall be made payable at
the option Of the holder, on maturity, at |
the office Of the City Treasurer 10 Nashville,
or in the city Of New York at such Bank as
may hereafter be selected by the commits
sioners or agents Of the city of Nashville
who may be appointed 10 carry out the pro
visions of this act; and the interest on said
bonds shall be payable in like manner, both
in Nashville and New York, 80 that the
holders Of the coupons may be paid on de-
mo md at atfhHF raI1 ]
SEO. 2. Be il further enacted, That in or
der 10 carry out the provisions Of this act,
bis honor, the Mayor, is hereby empowered |
to appoint two or more Commissioners on |
behalf of the Corporation Of the city Of |
Nashville, 30 negotiate the sale OF the |
bonds provided for 10 the foregoing section
and said Commissioners are hereby fully |
empowered to sell the said bonds at such
rates as may hereafter be provided by resO-
luton of the City Council, and approved by
the Mayor and said Commissioners are
hereby empowered TO employ an agent or
agents 10 act for them i'm the sale OF said
bonds and to allow said agent or agents |
proper commissions or compensation for his
or their services.
SEC. 3. Be it further enacted. That his
honor, tho Mayor, together with the said
Commissioners, and the Committee on FL
nance be authorized and directed to cause the
lltCteeiiiN bollAo 20 bc cus anu 10 Iltht
all other and further arrangements neces- |
sary to the faithful execution Of the provis-
ions Of thss act, which shall take effect from
and after its passage.
Mr.. Brien suggested that before the passage |
of the bill on its third reading, as 1t was
very important one, and involved a great
deal of money, it should be referred back TO
the Finance Committee.
Mr.. Haley said that the bill had al
already been fully matured in that com
mittee. The corporation urgently needed
money now, then why have any further de-
lay in the premises.
Mr. Lellyett took the same view Of the
matter, and strongly urged the prompt pas
sage OF the bill.
The bill then passed its several readings,
on the third reading the vote being ayes II,
noes 2.
Mr. Lcllyott offered the following resolu-
tioo, which was adopted
That his honor, the Mayor, be authorized
and requested TO discharge the Waterman |
at the island, and that the Mayor be au-
thorized TO make sale Of the privilege Of
cutting wood on said island for one year at
a time, 10 the highest bidder.
Mr.. Lellyett offered the following:
That the Revenue Collector be requested
to furnish as full a report Of taxes due and
unpaid the corporation, at the next regular
meeting. Adopted.
On motion, the Board adjourned.
Board of Aldermen.
Owing 60 the absence Of quorum there
was no business transacted in this Board.