Evening star. [volume] (Washington, D.C.) 1854-1972, 1868-10-02
EVENING STAR.
LOCAL NEW 8.

CHAMBER, and was called to order nv thu
Mayer; all the members presentexcept Messrs
EeLwICk, Lloyd, Richards, Brown, Chase and
Davis.
The journals of the last two meetings wsra
read and the first was approved
moore called attention TO the Journal OF
zee IAst meeting reading: The Secretary called
tne MEETING TO Order" and stated thai IL was
hot uuei the Secretary had or was ab,Iut 10 ran
Enen ne Lmr. NJ called the meeting to order
siiicer TO call the convention. and did not wish
20 appear so in the journal
M, COok look the ground that the Secretary
Mas me proper officer under the rules Of the
adopted.
Mr.. Crocker raised the point that no quorum
having been present at the last meeting, the
convention had died cut, and 1t was necessary
now that the Mayor should call the members
together again. No person had right TO call
me meeting TO order except the Mayor or the
President of the Aldermen.
Mr.. Ban suggested that President Moore pre-
sided 1T the last meeting, and had as much
night as any one else. lLaughierl
After some further de bate the words ssby the
Secretary" were stricken out by a vote Of 10
70 H.
MT ArTison moved 10 adjourn; Iost-yeas :,
(Nessrs AIrIson, Baker, Cook Crocker, Hiue
Rutherford, and the President,) nays p
Mr.. Moore called attention to the fact that at
aprevious meeting a committee had been ap-
of bank, and for regulating the receiving and
paying out of deposits, &c, which he deemed
10 De me most important business claiming The
Attthuon OF the convention, and stated that he
had prepared bill for that purpose. which met
the appreciation of another Of the members of
the committee.
Mr.. Kelsey rose TO point of order, thar he
had report from the ma iOriiy of the committee
TO submit, and that Mr.. Moore could only pre-
sent his bill as a minority report.
The Mayor suggested that differences should
pe settled IN committee, and net be brought be-
Mr. Moore replied that there had been no
meeting OF the committee. The members had
met casually and con veTsed on the SUBJECT, and
the main features We're explained 10 the man.
Der nearest him, Mr.. Kelsey,) and he had con-
CURED.
AFTER further debate between Messrs Greek.
or, Moore, and kelsey-Mr. Kelsey, from the
committee. submitted resolutions designating
The First National Bank OF this CITY as the
bank In which TO deposit the various moneys
OF TIE corporation, and specifying the regula-
lions for keeping and paying out the same as
follows: That the more effectually to secure
the separation and prompt application to their
appropriate purposes of the moneys belonging
10 certain funds of this Corporation, viz: the
water fund, the school fund, the police fund
me rdempuon fund, the sinking fund, the
special tax fund, the surplus fund, the gas
fund, and any other fund already or hereafter
10 be created, the b INK designated in the first
section of this act. or which may here .fter be
designated As the depository OF this Corpora.
ton shall be required to keep separate ac-
counts Of the deposits to these several funds.
regarding zach one of them as a distinct ana
special deposit; and ii shall not be lawful for
the said bank 10 pay cut or charge to either of
the special funds aforesaid any warrant or
check that shall not specify upon its face the
particular fund TO which il is ChargeabIe and
tnen suen warrant or cheek shall be paid only
ont OF the funds thus specified.
That the special funds named in the second
section of this act shall in no manner be affected
oy an oyer-draft upon the credit of any other
Inno or funds, nor shall it be lawful for
the said bank TO refuse the payment of apy
warrant drawn by the Mayor and counter
signed by the Register upon any special fund
such fund.
That any and all moneys due and PAYABLE 10
the Corporation shall b. paid or deposited in
me bahh herelnoeiore designated or hereafter
10 De designated In pursuance of the provisions
herein set forth, or IL conformity with existing
laws, not inconsistent with the provisions of
this act.
That it shall be the duty OF the Mavor. inms.
ciately after the passa ge Of this acf To obtaiu
the consent In Writing OF the bank Designated
oy the hrst section thereof, to hOld here later
by law - hold the moneys and financial &c.
counts Of this Corporation, 10 the PROVISIONS
OF this act as part and parcel OF the contract
beiw' en- the Corporation and slid bank S5e.
lie mayor STARE that the question was on
The reception OF the report.
MI. Cook objected TO Its reception. as il had
been stated that there had been no meeting of
the committee. and . question of such import
ton.
Mr.. McCsthran denounced the report as a
Legislative humbug, and would be ashamed, as
little as he knew OF legislation, TO father such
resolutions. He hoped il would be referr a
back to the commit e.
Mr.. Moore inquired, should the report be re.
csIyed, whether he could move his bill as an
amendment from the minority Of the commit.
Tee, ana receiving an afirmati We answer, he
submitted his report, assigning the First Ma.
uohal BANK as tne depository, providing that
1rOm and after the Passage of this act all mon.
eys due, accruing, or receivable by this corpo.
ration, except moneys due Tor taxes upon real
and personal property and for wharfage, shall
De paid oy the person making the payment di.
reeuy into the said bank, which shall issus 10
the person certificate therefor, and no license
ehall be issued or credit gwen by any officer of
me corporation Tor a payment made unless
upon a surrender OF such certificate of deposit
As Is Lereinbefore provided for. And the reees-
sary blank certificates for deposits shall be fur.
nished 10 the bank by the Register OF the Cor.
poTatlon, bound In books, containing a margin
wbereon 10 enter, and on which shall be en-.
tered by the bank in each case, in correspond
ing entries, the lumber, da,e. amount deposit
cd and the name Of the person max ng the de.
post, which margins shall be preserved for
The Use of the corporation.
That II shall be, and is hereby, made the
duty OF the Collector of Taxes, the Water Reg.
lsfrar, the Commissioner of the Canal the Har-
ooImaster, the Commissioners and Clerks of
Markets, the lntendant of the Washington
Asy luIn, ana OF each and every officer or agent
al the Corporation who shall receive moneys
on account thereof. 10 deposit the same in the
said bank 10 the credit of the Corpor alton.
Il hat the SAID bank shall be, and is hereby,
required 10 open separate and distinct accounts
for the various moneys Of the Corporation,
which may be deposited therein: thar is TO saw
That II shall open separate account for the
general fund, which shall be credited with all
moneys received for general purposes: also.
separate accounts for each of the several ward
funds each of which shall be credited with all
moneys accruing and received for ward purpo.
SOS with such ward; and, also, a separate ac-
count for each OF the special funds viz: The
water fund, the school fund, thu police fund
the gas fund, the interest fund, b. redemp,ion
fuEd, the special tax fund the linking fund,
and of any other special fund which has been
or may hereafter be created.
That the sand bank shall pay out the moneys
OF this Corporation deposited therein on war.
rants or checks signed by the Mayor and coun.
tsrsigned by the Register, who shall draw no
warrant or check tor the payment Of money on
account Of the Corporation, unless sucn pay
ment shall have been previously authorized by
an act Of the City Councils.
That, the more efectually TO secure the sep
aration and prompt application TO their appro.
pirate purposes of the moneys belonging TO the
several especial funds"-namely, the water
1und, the school fund, the police fund, the gas
fund, the interest fund, the redemption fund,
the special tax fund, the sin king fund, &c-it
shall not be lawful fer the said bank to nav out
OF or charge TO, either OF he sp cial funds or
accounts AFORESAID any warrant or check that
shall not specify upon its face the particular
fund or account 10 Which IL is chargeable and
then such warrants or CHI cks shall be paid
only out Of the lund or account thus specified
upon It's face; and neither of the special funds
named in this section shall be In any way af-
fected by an over-draft upon the credits to any