New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-04-26

Of this ordinance the City Treasurer be and
ne Is hereby prohibited from Issuing or pay
ing out any more city notes of any demon
nation whatever, except for amounts due
70 parties whose claim is less than one humid
RED dollars, and who may receive said
notes or certificates of Indebtedness as here.
lna1ter provided at their option.
SEC. z. That for the payment of the cur
rent expenses of the city, subject to the
ABOVE exception, until such time as the
treasury is relieved from its present finan-
eiai EN- oarrassment, the Controller be and
ne Is hereby authorized to issue his warrants
payable IN certificates of Indebtedness, bear
ing eight per cent interest per annum,
payable in United States currency. to be re.
deemed whenever the city treasury has
thirty thousand dollars, due notice of which
shall be given to the public by the Treasur.
en- through the Common Council: said
certificates to be countersigned by the
Mayor, and to be numbered and registered
in suitable book kept for that purpose in
the Controllers Office.
SEC. 8. That city employees and persons
hereafter contracting with the city, shall
be required, as a condition precedent to
further employment, and to the entering in
to of such contracts, to agree to receive such
certificates of Indebtedness in payment of
their claims against the city.
SEC. 4. That it shall be the daty of the
w AASp9uA "a w hObll1 bl4C puUlIC blltOuRu
his weekly report to the Council of the
amount on hand in United States aqprrency
which can be applied to the redemption of
such certificates, and that he is ready to pay
the same, beginning with No l. and in
GLIDING as many as the fund so reported
will cover, taking them in the order in
which they are issued, and from and after
such notification the interest on such certif-
cate shall cease.
Sec. 5. That all blank sheets of city cur.
rency on hand and not signed be destroyed
at the next burning of the city money, the
same to be reported according to law.
SEC. G. ReSolped, That the City Treas
urer, Controller, and Finance Committees
are hereby instructed TO destroy all
from any source whatever, from time
to time, whenever the amount may have
accumulated in sufficient quantity, and
report the same to the Common Council.
SEC. Z. The Treasurer is hereby authorized
to procure suitable Ulank certificates for the
purpose. of carrying out the provisions of
this ordinance.
SEC. 8. That all ordinances and parts of
ordinances in conflict with the foregoing be
and the same are hereby repealed.
Mr.. Devices moved to amend as follows:
Amended by striking out, first section,
the words: Except for warrants due to
parties when their claim is less than 500,
and who may receive said notes or certi6-
Gates of Indebtedness as hereafter provided
at their option
Second and third lines, section two, strike
out the words "subiect to the above excep-
ton"
The amendment was adopted.
The ordinance as amended was read twice
under a suspension of the rules, and adopt
ed on its second reading by the following
vote:
Yeas: President Graham; and Messrs.
Burbank, Clay, Devices, Kellogg, Stapleton,
Tucker, and Woolhey.
Nays: None.
The Board went into executive session.
The Board rose from executive session.
An ordinance conveying certain privi-
leges to the New Orleans Warehouse and
Grain Elevator Company was received from
the Board OF Assistant Aldermen for con.
currence, and was adopted on its first read.
ing, and made the special order of the day
for the next regular meeting. (For ordi.
nance see proceedings of Board of Assistant
Aldermen.)
The Board adjourned until Tuesday next
at P. NJ.
HUGH ]. CAMPBELL,
GpOrptarv