The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-01
OFFICIAL.
PROCLAMATION nr THE MAYOR.

MAYoRALrY OF NEW ORLEANS,
City Hall, Nov. 81. 1858.
WHEREAS, The Common Council Of the city Of
New Orleans, by authority OF law, having passed
an ordinance for the redemption and absofpuo9
of the various issues of city treasury notes aod
the relief of the finances of said city to be SUB
mitted to the approval or disapproval OF the
qualified voters Of said city, at special eiecnoo
conducted in accordance with existing laws ana
ordinances; and,
WHEREAS, The said ordinance having been ap-
proved by me and promulgated according TO the
provisions of the city charter,
Now, therefore, /, John Z. Conway, mayor OF
the city of New Orleans. by virtue OF the power
vested in me, and conformably to the provisions
of said ordinance, true copy of which 10 here'
with appended, do issue this my proclamation,
submitting the same to the qualified voters OF the
city of New Orleans for their approval or dissp,
pToys. for which purpose the polls will be opened
In the various precincts of the wards established
for voters at the late election, said election to be
held on Saturday, the fifth day OF December, A. D.
1858, and said polls to be opened from seven
O'Clock A. M. until six O'Clock p. M. OF said day,
and the returns made TO the mayor, agreesbly to
section seven Of said ordinance.
In testimony whereof have hereunto set my
hand and sfiixed the seal Of the city OF New Or
JOHN r. CONWAY, Mayor.
MAYoRALTY OF NEW ORLEANS
City Hall. Nov. Is, 1868. I
mo. ll30-N. 81
AN ORDINANCE PROVIDING FOR THE REDEMPTION AND
ABSORPTION OF THE VARIOUS ISSUES OF CITY
TREASURY NOTES AND THE RELIEF OF THE
FINANCES OF THE CITY OF NEW ORLEANS, TO BIZ
SUBMITTED TO THE APPROVAL OR DIsAPPRovAL
OF THE QUALIFIED VOTERS OF THE CITY OF
NEW ORLEANS.
WHEREAS, The Common Council of the city of
New Orleaus has exhausted every means within
their direct control for the relief of the finances
Of the city; and
for assistance from the Legislature of the State
of Louisiana; therefore
SECTION l. Bet ordained blythe Common Coul.
ell of the city of Neto Orleans, That the mayor,
controller, treasurer and chairmen Of the finance
committees of the Common Council be and they
are hereby authorized to issue bonds Of the
city of New Orleans in and for the sun OF
(s3 900 000) three million dollars, dated December
/, 1868, and payable twenty five years after date
in the legal currency Of the United States. and
bearing interest at the rate of seven and three
tenihs of one per centum per annum, In semi an
nual coupons.
SEC. 2. BE nftuther ordained. etc., That these
bonds shall be used exclusively for the purpose OF
absorbing the various issues OF city treasury
notes, and shall be offered for sale in city notes
and under no conditions shall be sold for less tnan
par.
SEC 3. BE IL further ordained. ETC.. That In ad-
dillon to the present raxatTon a tax of (4) one
fourth of one per cent. be levied anuu-
ally on the assessed value of all real and per-
soDal property and on the amount OF each
and every license paid into the city treas.
urv by the party following the profession
licensed, within the corporate limits OF the city OF
New Orleans mot exempted by law from taxation),
and that the same be and is hereby set aside and
pledged to be used solely and exclusively for the
payment of the interest and the re-
demption of the bonds TO be issued by virtue of
this ordinance. and that this annual tax shall be
deposited daily. when collected, in such bank 10
the city Of New Orleans as may be designated by
the Common Council.
SEC. A. Be IL further ordained, etc., That the
bonds to be issued under the provisions of this or
dnance be and the same are hereby exempted
from taxation by the city.
SEC. 5. Be IL further ordained, etc., That all
city notes received il exchange for or 10 purchase
of the bonds TO be issued under this ordinance.
shall be cancelled and defaced daily as they
are received into the treasury, and whenever they
shall amount to the sum Of one hundred thousand
dollars, shall be publicly destroyed in the manner
prescribed by existing ordinances.
SEC. 6. Be IL further ordained, etc., That all
ordinances or resolutions conflicting with this or
dnance be and the same are hereby repealed,
and that this ordinance shall take effect from
and after its approval by majority OF the quail.
fed voters of the city Of New Orleans voting at q
special election to be held under the provisions Of
this ordinance.
SEC. Z. BE IL further ordained, etc.. That after
ten days proclamation by the mayor in the official
journal of the city of New Orleans, the quail
lied voters of the city of New Orleans be called
upon to approve or dsspprove this ordinance.
Those voting sfirmatively to have printed or
written on their ballots, For issue of bonds;''
The polls to be opened and the election con-
Quoted in accordance with existing laws and ordi-
| nauces, and returns to be made to the mayor.
All persons registered under the late registration
law of the State to be considered qualified voters.
| (Signed) THOMAS Marley,
| President Board Aldermen.
| (Signed) JOHN BRsES,
| President pro. TEN. Board Assistant Aldermen.
Approved Nov. 10, 1868.
(Sigped) JOHN X. CONWAY, Mayor.
A true copy:
| JOHN W. OVERALL, Secretary.