The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-23
sn,. interest in return therefor, was laid on the

cent interest in return therefor, was laid on the
table.
Mr. Pandely raised q question as to the validity
of the resolutions passed at the last regular meet
ing, in reference to the dscontinuauce of re-
ceIpt OF city notes after January LIST, and the
destruction Of city money then in the treasurer's
hands. he contended that although the resolu.
tons hsd been adopted as two sections. that,
nevertheless, as whole, they had not been
adopted.
The minutes were referred to. Mr.. Fisher con.
tended that the resolutions had come from the
finance committee as separate resolutions and
not as sections. lil rit'.lL llt
The question then turned upon the minutes
the mselves. A motion to read these prevailed,
being followed by an exodus from the lobby.
Mr. Fisher moved that that portion OF the min.
utes, referring to sections, be altered to read as
referring to resolutions, which was carried. The
minutes as corrected were then approved.
variety Of minor resolu ions and petitions
were read ard acted upon.
resolution from the committee on water
works, establishing regulations regarding the use
Of water from hydfants and prescribing penalties
therefor, was adopted.
resolution by Mr. Brsen, authorizing the sur
veyor to dig a ditch on both sides of Dumaine
street, from Metairie Ridge to Bayou st. John was
referred to the committee streets and landings.
resolution by Mr.. Wynne. directing the street
commissioner, to plsnt trees around Macarty
Square, was referred to special committee.
A resolution from the upper board. providing
for joint session at p. the 10th, for elec-
ton of fiscal agent of the city, was concurred in.
resolution by Mr.. Montgomery, providing for
into the treasury, was adopted.
Another, calling for an estimate of cost of re-
pairs to the city whafves and levees, was also
adopted.
referred to the committee on railroads:
WHEREAS, The stock held by the city Of New
Orleans, under ordinance No. l463. in the New
Orleans. jackson and Great Northern Railroad
Company has been and now Is entirely unproduc-
tive and protless to the city, no dividends having
ever been paid thereon, and 1t being certain that
no dividends will be paid thereon for q long time
to come; and in view Of the impossibiity Of dis
ising in perpetuity in favor of the holders Of the
bonds issued by the city to the said railroad com.
paDy in payment of the subscription Of the city to
the stock Of said company; and,
WHEREAS, 1t is greatly to the interest of the
city to strengthen the said company by all pract-
cable means in order that the company may be
enabled to consummete improvements, and to
complete Improvements which would confer great
advantages on the commerce Of the city Of New
Orleans, and thereby ultimately prove great
relief to the property holders and other taxpayers,
therefore
SECTION l. Bell ordained blythe Common Coun
ell of The city of Ne,o Orleans. That the certif-
Gates of stock now held by the city of New Or
lears in the New Orleaas, jackson and Great
Northern Railroad Company, and subscribed for
under ordinance No. 1853 OF the Common Council
of the city of New Orleans. and all right and
title OF the said city in said stock, be transferred
to the New Orleans, jackson and Great Northern
Railroad Company, subject to the conditions In
the following sections contained:
SEC. 2. BE ii further ordained, etc., That the
said stock, though transferred as herein provided,
shall remain subject to the lien now existing 10
favor Of the holders of the bonds Of the city Of
New Orleans, issued in payment Of the citys sub
scription TO the stock Of said company, and that
before being transferred In accordance with the
provisions OF section l of this ordinance, the said
certificates of stock shall be marked aud stamped
by the city treasurer in such manner as to Identify
them thereafter. so that the rights Of the bond
holders aforesaid may be secured.
Sac. 3. Be IL further ordained, etc.. That the
and void except on the conditions folio wing, viz ::
That the N. o., jackson & G. N. r. Il. Co. shall
contract and bind itself to construct branch or
continuation of its road from its present iDtersec
ton with Napoleon Avenue or Louisiana Avenue.
extending through said avenue to the river and
thence to the corner of Girod and Levee streets :;
and that the company shall furthermore bind itself
to complete the said extension within one year
from the time when the company shall secure the
right of way, and that the said company shall fur
sh good and sufficient security in the sum OF -
dollars for the ful6lment of this contract.
SEC. 4. Be IL further ordained. etc., That for
the purpose of enabling the said company to CON-
plete the aforesaid extension the right Of way is
hereby granted 10 the said company along Water
street from ToIedsno street to Girod street.
SEC. 5. Be IL further ordained. etc.. That this
ordnance shall take effect from and after its
passage.
Adjourned to Tuesday evening next.