New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-30
OFFICIAL NOTIOES--CITY,
MAYoRALTY OF NEW ORLEANS, /
City Hat, November ls, 1865. !
ll5U---NeW Sefiel

| EN a*Oly E1au, NOVEMBER ", 1864 J
No. 113O-New Series. ''- q =
An Ordinance Providing for the Redemption and
Noss and lie R o s ssa Ss d fs se
proyal or Disspproyal Of the onailhed Voters of
the City of New Or cans.
WHEREAS, The Common Council Of the city of
New Orleans has exhausted everHnsals withinther
direct control for the relief Of the finances Of the
Whereas, T'7ay have applied. without success. for
assistance io the Legislature Of the state OF Lou.
T SECTION s i. Be it ordained BY the Common Conn
ell o. the city of New Orleans, that the Mayor Con-
troller Treasurer and chairmen Of the Finance Com
mittees of the Common Council, be and they are
hereby authorized issue bonds Of the city Of New
Or cans in and for the sum Of $4,000 COO three mil
twenty-five years after date in the legal currency Of
me United States and bearing interest at the rate
of seven and three tenths Of per centu per an
mum, in semi. annual coupons.
SEC Be it further orGsined etc., That these
absorbing the various Issues Of city treasury notes
and shall be offered for sale In city notes and under
SEC 3. Be It further ordained etc, hat in ad.
altlon to the present taxation tax of 90 one
uad o. one PEI cent pe levied annually on the as
the amount OF each and every license paid into the
city treasury BY the party following the profession
New Orleans mot exempted by law from taxationj,
and that the same be and is hereby set aside and
pledged to be used solely and exclusively for the pay
ment of the interest and the redemption of the
bonds be issued by virtue Of this ordinance and
collected in such bank in the city Of New Orleans as
may be designated by the Common Council.
SEC. Be 1T further ordained, ETC. That the
bonds to be ssuet under the provisions Of this ord
nance be and the same are hereby exempted from
taxation by the city.
SEC. s. Be it further ordained, etc. That all city
notes received in exchange for in purchase of the
bonds to be issued under this ordinance, shall be
cancelled and deaced daily as they are received into
the treasury, and whenever they shall amount to the
sum OF one hundred thousand dollars shall be pub
cly destroyed in the manner prescribed by existing
ordinances.
SEQ. 6. Be it further ordained etc. That all ordi.
nanees or resolutions conflicting with this ordinance
ordinance shall take effect from and after its an.
proval by majority of the qualified voters of the
City OF New Orleans voting at special election to be
held under the provisions of this ordinance.
SEC. T. Be it further ordained, etc That after
ten days proclamation by the Mayor IN the Official
journal OF the City of New Orleans, the qualified
voters tthe city of New Orleans be called upon to au
prove or disapprove this ordinance. Those voting
afhrmatvely to have printed written on their ball
lots, For Issue Of Bonds: those voting negatively.
Against Issue of Bonds
The polls to be opened and the election conducted
in accordance with existing laws and ordinances
and returns to be made to the Mayor. All persons
registered under the late registration law of the
State to be considered qualified voters.
Sgned) THOMAS MARKEY
President Board Aldermen,
tSRned) JOHN BREEN
President pro tenn Board Assistant Aldermen
Approved November l9, 1853
.(Signed JOHN X. CONWAY, Mayor.
A true COPY:
JOHN W. OVERALL, Secretary. nol9lOt