New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-03-05

! tons of the city of New Orleans, or any q
the circulating notes of the said city, on de
| livery OF the same in sums of one Thousand
| dollars to the City Treasurer, may receiy,
therefor, 70 an equal amount, a bond a
bonds Of the said city, the issue of which I
authorized In the first section of this ord
nance.
3. And be it further ordained, That tbs
sum Of two thousand dollars be and tn
same is hereby appropriated for the purposs
of preparing said bonds for issue.
A resolution offered by Mr.. Davies an.
thorizing the Street Commissioner to orde,
the contractor for lighting the city with Of
to place lamps in certain designated local.
ties was referred TO Improvements and
Buildings. .u
The following resolution, offered by Mr..
Sampson, was referred to the City Attorney.
asking his opinion as to whether the issuing
of within said bonds was legal, and reouest.
ing that he report on same at the next
meeting:
WHEREAS, 1t is of the utmost importape.
to the welfare of the city of New Orleans
and its people, that the small CITY note issra
which enters SO largely into general circS
lation should be convertible into Unitsa
States currency with the least possible loss
to the holders thereof;
1. Be 1t therefore ordained, That there Ia
issued coupon bonds of the CITY of Men
Orleans in equal numbers of one hundred
and five hundred dollars each, payable IN
United States currency to the amount of
one million five hundred thousand dollar
and payable in equal ameurts oi
three hundred thousand dollars, N
1lve, six, seven, eight, and niue years from
date Of issue, bearing interest at the rate Of
eight per cent per annum, payable on tbs
nrst day OF April and first day Of October
each year in United States currency.
2. Be it further ordained, That all Der.
sons holding circulating notes of the one
two, three dollar issue of the city Of
New Orleans, on delivery in sums Of oDs
hundred or of five hundred dollars Of saS
issue, to the City Treasurer, may receiye
therefor to an equal amount bond OF
bonds soonest maturing) of the said civ
the issue Of which is authorized by the first
section of this ordinance.
8. Be it further ordained, The sum of
dollars be and the same is hereby appropri
ated for the purpose ofpreparing said bonds
for issue.
The following resolution by Mr.. DAVE,
was adopted unanimously:
Be itresoloed, That the Mayor be and he
is hereby requested to withhold his sigma.
ture from an ordinance passed in this BODY
at our last meeting, Thursday night, approx.
ing an adjudication made to one J. B. Fitch
for the term OF three years, at the rate Of
$500 year for keeping the paved streets Of
the third ward in repair.
The following by Mr.. Sampson underwent
its several readings by q unanimous vote:
ResolUed, That Messrs. John Breen and
Peter Ross be and they are hereby appoi1i.
ed appraisers on the part of the city Of NeW
Orleans TO meet two appraisers, to be an.
pointed by John FsWalsh, in his own s.
half, TO estimate the value of certain repais
by him made upon the Sorspuru market.
Mr.. Straight offered his resignation
chairman Of the committee appointed 10
investigate certain financial transactions in <
the Patterson wharf contract, which vas
refused by the unanimous vote Of the Board
The Board on motion adjourned till Tues
day next at G o'clock P. nj.
ALFRED BoURGEs,
Secretary. Y