The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-07-06

lib second rCAQnE, anu TINT, nltgr carOIul con-
\ sideration, thoy agreed upon tho proposed amond-
| mont, which no was now prepared to submit and
Which can DO discus. cd on tho second reading.
After tho explanations wcre mado Alderman Co.'S
Tho bill wns thcn tnkon up for consideration,
| and the first section road.
Alderman Rayonei- then ororod tho proposed
amendment
Alderman oalos called attention to tao 9Th aud
amount OF stock TO DO issued for any loss than
naty dollars, @c &C.. and suggested TINT smaller
those reported in tho soGtion '''''''''N 'oA
Alderman KaYenel then moyod that 'sAfty" bc
stricken out in tho stll and 10th lines, and twenty
Alderman Steinmeycr moved to amend tho scc-
lion 30 ns to mako tho interest payable in city
Alderman Ravonel objected to tho motion, and
said that II tho viows OF tho Aldorncn carried
out it would provo fatal to tho Gity's interest.
hftor somo discussion Alderman Steinmeyer
witld ew his motion.
The question recurred on tho proposed amend
Tho amendments wero adopted by twelve voting
for. and scSen against it..
Tho first section was adopted as amended
Tho second section was read and adopted.
On the passage OF Tho Bill to it's third reading,
Alderman Honour inquired whothor stocks or
bonds III tho first scotion would hot include tho
| Fire Loan bonds.
Tho Mayor and somo Of tho Aldermen thought
not, as tho Fire Loan bonds were sovcn per cent,
interest payable in Now York.
Tho Alderman aaid it wa8 not tho intontion, that
as tho Bill now reads it makcs no distinction what
over.
A motion was n1ado and carried to rccur to tho
first section Of tho Bill. Tbs ffth limo wns thon
amondod by inserting tho words 'six por cont"
| Tho Bill passed it's second reading. On motion
tho Bill was passed. to lis third reading. Tho Bill
rocoived its third reading, tho titlo was changed
to on Ordinance, and oIdorcd to DO eugrossed for
DILL 10 PROVIDE FOR THE LIQUIDATION OF THE
INTEREST ON THE DEBT OF TIE CITY WHICH Ao-
| CnUED ON 30TH DAY OF JUNE LAsr.
Siiy teunea assembled That for the purpose purpose oi q
city, which accrued on The s0th day Of Juno last,
six por cent stock, obligatory on tho Corporation
q tho City Of Charleston, shall bo isHuod under
the direction Of tho Mayor to tho persons holding
stocks or ak por cent bonds OF tho city and ont.
tod to receive tho interest accrued thereon at tho
timo above stated, tho sad stock 10 boar interest
after tho ratio OF six per cent por annuin, payable
Prou,ded, That no part OF snrd stock shall DO
Tint a Gums for loss than twonty dollars, and for
mad pngs pTevSf Sf @ a2s ShE . be paid o
bona .ide holding stocks or six per cent. bonds on
said soth day Of juno upon which intorost has
day Of soptembor noxt OF disconntng such Sl intor I
est or any part thereof, against taxes duo by him
to tho city on said Si soh Of ard receive
according to tho amount thereof in manner afore-
SEC. 2. That tho form OF certificates and mode
OF transfer 81 said stock shall bo subject to tho
same regulatiors ns now exist in relation TO othor
| SIX per cont STOCKS OF tho CITY.
| A Bill in relation to tho Blue Ridge Railroad
camo up for its second reading which it received
Alderman Marshall moved that tho further con-
regular meeting. Concurrcd d.''''' in. - '-' A0A'
bill to croate a permanent Detective Police
force eamo up SI;i l1r its second reading,
striking out tho first section and substituting
| new ono. Lost. '.s
bill; Alderman ohoy moved to lay the bill on tho
| table. Carried.
Marshall moved 70 strike iScVna out the es
| section.
Alderman stoinmeyer eallOd for tho yoaH and
Yeas Aldermen wrsgg, aerdts, Small, oNoalo,
Honour, Marshall, Enston, Whildon, Gosgrovo,
,Nays1-Aldermon Ravonol, Willis, steinmcycr,
0lney, onkes, Earle, Courtenay, Pringlo-9. Car
Aldo; man steinmeyor moved 10 lay the bill on
the table. Carried.
Alderman oNcale, who had voted in tho mn
caused some discussion when
sideraton q the Bill bo postponed to tho next
| meetlng. This also caused o discussion whom it
Alderman Marshall then moved to lay the Bill
Alderman Gerdts then offered tho following reao-
| luton which was adopted.
Resotoed, That council win issue no No. q, IL
cense Tor the present but the No. liconse will bo
granted, on the usual terms, but not to sell in
quantities iess than ono gallon.
Alderman 9lney offered the following resolution
| Reso.ued That the Committee on Rotrcnchment
and Relief bo requested TO eInmino into tho condi-
| ment. with view OF reducing If possible the OK
pensos, which tho present condition Of tho Troas-
Alderman RRYenei offered the following presmble
1 and resolutions which were unanimously adopted
| s whereas the iwenty-ninth day Of juno, the day
mont OF all taxes for tho year is67, has elapsod
and there are atil largo arrearngos OF taxos duo
whereas tUg ANS ys year sa Ana fos several years past
portion Of the royonue arisipg from licenses, and
the various pressing eIigences Of the city tmpera-
means OF carrying on the municipal government
Rtsoloed, That che City shoriR bo, nnd he is
ta1ss dua PSiis and aaps Sa asw such
luton which was laid over under tho 18th RsIo.
Resotued, Tint the City Treasurer be Authorized
TO prepare A iist OF taIos paid by tax payers on
printed for distribution. -. ~,
Alderman Willis introduced the following Bill
| which "as referred to the Committee Of Ways and
A ELL 10 GRAFT THE powRB OF EXCHANGING CITY
l. - pH sTooK foR BONDS. q"
relieve all holders Of tho city debt, as the same ia
In its present form, inoonyortblo md difficult OF
wero exchanged for bonds Of convenient SnoonnIs
as such bonds, it is beloved, will find demand in
financial circles now denied to the stock. As n
city, and as tondng to onhnnce the market yalne
b q oSaataed, ia. y! holaerso Of city stool,1 u in
lege, upon application To- Council, Of exchanging
| the samo for coupon bonds OF same amount. WITH
Of tic SCRIP, and on payment By the % appIosns Of
sUst Sf printing .Ss g.. and =, and 70
Il hp nj IN mr. Il IN 1