New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-04
the Consolidated Debt to issue consolidated
bonds to the amount of 1854, 900.
Respectfully submitted. @
.. TIL. F. FISHER,
Chairman Finance Committee.
Il. WYNNE,

Mr. Morphy here entered and took his
seat. -.-..-.,
The following resolutions, accompanying
the report of the Finance Committee, were
read, and, upon motion, action was deferred
until next meeting;
HeSolUed, That the Controller be author
lied to issue warrants on the Treasurer, in
favor Of the New Orleans Gas Light Compa-
ny, in settlement of the monthly bills due
said company, and unpaid, with interest at
seven per cent per annum from their sever.
al dates, and to settle all future bills OF
said company as due in same manner.
Resolued. That the Board Of Commission
ers of the Consolidated Debt be and are here
byiiRstructed to issue consolidated bonds, of
the same class as those already issued, to
the amount of $685., 900, being the amount
Of the old city and municipality bonds paid
with the issue of city notes, under the
several ordinances of the city.
Mr.. Fisher obtained a suspension of the
rules to introduce the following ordinance,
which was read and referred to the Finance
| Committee.
An Ordinance Providing for the Consolida-
ton and Funding of the New Debts Of the
city of New Orleans. ...
SECTION /. Be it ordained by the Common
Council of the city of New Orleans, That
| the Commissioners of the Consolidated Debt
| of the city of New Orleans be and they are
| hereby authorized and empowered to issue
the bonds of the city of New Orleans, pay
| able in twenty years. with interest at seven
| per cent. per annum, payable semi-annually
| in coupons, to sufficient amount to liquid
ate all the floating Indebtedness of the
city, including city money; Provided, the
amount of bonds to be issued shall not eX
| coed five millions of dollars.
| SEC. 2. Be it further ordained, ETC., That
the Commissioners of the Consolidated Debt
of the city Of New Orleans shall have power
to negotiate loan by the sale of the bonds
aforementioned, or may exchange them al
par for the obligations of the city, whether
in the shape of warrants, city money, regis
tered certificates, or any other legal and
binding obligation of the city; Provided
Said obligations, etc., shall be presented fol
exchange into bonds as aforementioned, or
or before the 3lst Of December, 1868.
SEC. 8. Be it further ordained, ETC., Thai
all ordinances or resolutions Inconsistent
with this ordinance be and the same art
hereby repealed.
| SEQ. 4. Be it further ordained, ETC., Tha
this ordinance shall take effect from ant
after its passage,
Mr.. Fisher moved for suspension Of tn
rules for the purpose of introducing the fol
lowing resolution
RESOLVED. That the Chairmen of the Fl
nance Committees be and they are hereb,
authorized TO hypothecate the city none.
now in the treasury, to borrow Unitet
States currency for the payment OF the roll
of the city employees, schools, police, AM
the monthly apportionment Of appropriate
to charitable institutions.
ResOIUed, That the interest on said loal
shall not exceed ten per centum per annum
and that a loan of not less than fifty cent
on the dollar of city notes hypothecated shaI
; be accepted; and
Resolyed, That the payments on the roll
shall be only in proportion to the amount
received in virtue Of the negotiation afort
t mentioned, beginning with the rolls Of tn
= month of August, 1868.
] The yeas and nays were called on mt
ton to adopt the resolution on its FIRST real
! ing, which motion was lost-yeas 5, nays
Mr.. Pemberton, under suspension I
the rules, offered the following resolution
| which was adopted on its several reading
Yeas: Messrs. Kesrny, Walker, Pembe
ton, Camp, Grandpre, Fisher, Morphy, Fa
e rell, and Breen. ...
Nays: Messrs. Rose, Aitkens, Sturcke
Pandely and Wynne:
Rescued, That before paying out any
). the city bills the Treasurer shall cause ea
bin to be stamped with the words Sc es
n ing $50 per cent interest, from first Sc
TENDER, 1865, y and that all the bills paid o
in the month of September shall be dat
: September /, and the Treasurer shall hi
, self sign, or cause one Of his clerks to sil
I. his name over the stamp, 10 prevent cou
g.. terfeits or fraud and shall keep list of T
Il numbers of all bills SO stamped, and t
said notes shall be paid out to all perso
that the city is indebted to for services, ST
st plies or contracts, etc., etc.
Upon motion the above resolution was fl
/ warded to the Upper Board for concurrent
), The following resolution from the UpI
j. Board was concurred in, on its several re'
&c ings, unanimously:
Resolued, That the Controller shall he
le after prepare four books, correspond
with the distribution of the tax bills in
Treasurer's office, viz: One from A to b,
Z from E to X, one from L to P, and one fr'
o to z, wherein the names of delinqut
taxpayers stall be at once entered, at
~ the publication according to law z
70 vided that Tor the taxes payable this "
eT and now over due, he shall forthwith cal
- to be prepared, in addition to the book
OF index already used, two books, one from
II to P and one from q to u.
or Mr.. Fisher offered the. following re
ng luton, which was adopted on its seve
readings unanimously, and on mot
transmitted to the Upper Board for conc
renee:
er Resolced, That the Mayor be and he
hereby authorized to enter into contract,
&c notarfal act, In behalf of the city of n
Orleans, with Grayer d Millspaugh as pr
We cipsls, and John H. Williams as security,
tie burying the INDECENT dead and convey
mt the INDECENT sick to the hospital for
mt year, at two thousand dollars tS2Oe0),
In Indicated August Is, 1868, as per ordina
it No, 941, new series.
ia Mr. Fisher also offered the following r.
OF luton, which was adopted on its sevt
readings:
to Yeas: Messrs. Kearny, Rose, Aitk
ey Walker, Fisher, Morphy, Pandely, Wyn
ria Farrell, and Breen.
nd Nay: Mr.. Grandpre. Messrs. Camp
far Stureken voting blank.
ma Resolred, That the Mayor be and h
ny hereby authorized to surrogate David
~, McCan to all the rights of plaintiff in
i Ia,. case of the city of New Orleans vs.. Will
~ Golding. No. "a, 304 of the docket of
Third District Court of New Orleans, on
per payment, by said Mclean, of the claim,
adj six hundred and eighty'two dollars, and
costs and charges.
SOC. The Committee on Streets and Landi
nit submitted the following report:
ptto COMMITTEE on STREETS AND LlSpNc
Inc Board Of Assistant Aldermen
the City Hall September i, IL
sur 70 the Honorable Board Of Assistant Aldermen
inns GENTLEMEN: Your committee have
on honor TO report upon the following subj
AR referred TO them, viz:
in | / TToan The netition of pronerfv holders