New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-26
OFPIOIAL NOFTOEs--OITY.
MAHoRALrY OF NEW ORLEANS, /
City Hail, November 10, 1863

e ras .H MAToRALTY OF NEW ORLgANs,
j City Hall, November 10 1863
Z No, 1130-New Series. ''''
An Ordinance Providing for the Redemption and
sury Notes and the Relief OF the Finances Of the
City Of New Orleans, to be Submitted 70 the Ap:
proyal or pisApproyal of the Qualified Voters OF
the Oity of New Or cans. .-E l.HH1
WHEREAs, The Common Council Of the city Of
New Orleans has exhausted ever yimeans wthiMtheir
direct control for the relief of the finances OF the
Whsrea,, They have applied, without success. for
assistance from the of the state OF Lou
SEcTIoYi BE it ordained By the Common Ooun
Gil q the city Of New Orleans Ihst the Mayor, Oon-
troler, Treasurer and charmen of the Finance Com
Inittees OF the Common Council be and they are
hereby authorized TO issue bonds Of the city Of New
Or cans 10 and for the of $4,000 600 three mil
lion dollars, dated December l. 1866, and payable
twenty-five years after date the legal currency Of
the United States and bearing interest at the rate
OF seven and three tenths of one centum an
mum, in semi, annual coupons. . L.
SEC. 2. Be 1t further orc aimed, etc., That these
absorbing the various Issues Of city treasury notes
and shalt be offered TOR sale in city notes and under
SEC g. Be il further ordained, ETC, That in ad.
dition to the present taxation tax of co one
fourth of one per cent be levied annually on the
sessed value OF all real and property and
the amount of each and every license paid into the
CITY treasury by the party following the profession
licensed within the corporate llU1ts of the city Of
New Orleans mot exempted by law from taxation,
and that tine same be and is hereby set aside and
pledge to be used solely and exclusively for the pay
ment of the interest aud the redemption of the
bonds to be issued by virtue of this ordinance and
that this annual tax shall he deposited daily when
collected in such bank in the city of New Orleans
may be designated by the Common Council.
bonds to be issue under the provisions of this ordi
nance be and the same are hereby exempted from
t. atIon by the city.
- BE it further ordained, etc, That all city
norS received exchange for in purchase OF the
boz to be issued under this ordinance, shall be
cane SLED and detaced daily they received into
the trt asury and whenever they shall amount the
sum Of one hundred thousand dollars. shall be pub
llcy destroyed in the manner prescribed BY existing
ordinances.
SEC. g. Be it further ordained, etc, That all ord
nances resolutions conflicting with this ordinance
be and the same hereby repealed. and that this
ordinance shall take effect from and after it's ap
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 IL further ordained, ETC., That after
journal Of the City OF New Orleans, the qualified
voters of the city of New Orleans be called upon
prove or disapprove this ordinance. Those voting
afrmaively to have printed or written on their bal
lots 'kor Issue of Bonds" those voting negatively
"A gainst Issue of Bonds
The polls to be opened and the election conducted
in accordance with existing laws and ordinances,
and returns 10 be made to the Mayor All persons
registered under the late registration Law of the
CSignsdD THOMAS MARKEY,
President Board Aldermen.
(Signed) JOHN BREEN,
President pro tenn Board Assistant Aldermen.
Approved November 10, 1858
.(Signed) JOHN X. CONWAY, Mayor.
A true copy:
JOHN W. OVERALL, Secretary. MOLE lot