New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-12


waived, it w.. read the second time, and
concurred In b. The following vote:
Yeas: Presideht Marley. and Messrs.
Boguille, IBrady. Kaiser, Pessou, Poynot
and Shields-7.
Nays: None.
Resoloed. Thai he adjudication of the
contract for furnishing coal to the city for
one year by the Controller to A. DeSola be
ana IS hereby appr0ged.
ResolUed, fatrtPeF That the Mayor be and
ne Is hereby authpfized to enter into con-
tract before the civ notary in behalf of the
city with A. DeSnla, as principal, and E.
Tomatis, as secuaity, for the furnishing OF
coal to the city 81 the rate Of seventy-three
cents per barrel.
This was unanimously received and adopt
ed on first reading. The rules being waived
it was read the second time, and concurred
In by the following vote:
Yeas: President Marley, and Messrs.
Boguille, Brady, Kaiser, Pessou, Poynot
and Shields.
Nays: None.
6Hereupon the board took q recess of if
teen minutes, after which the roll being
called the following were present:
President Marley, and Messrs. Boguille,
Brady, Kaiser, Pessou and Shields-6.
The following ordinance was received
from the other board for concurrence:
An Ordinance authorizing the issue of city
bonds, and providing for the payment of
the same.
SECTION l. Be it ordained by the Common
Council of the city Of New Orleans, That
he Hhns,-
men of the Finance Committees Of the Com
mon Council be, and they are hereby au-
thorized to issue bonds OF the city of New
Orleans, under the act of the General As.
sembly entitled San act to enable the city
OF New Orleans to procure a loan of money
to meet its current liabilities" approved
September ), 1868, to the amount of one
million dollars, having not more than i've
years to mature, at rate OF interest not to
exceed ten per cent per annum, payable
In semi-annual coupons.
SEC. g Be it further ordained ETC., That
the said Mayor, Controller, Treasurer, and
Chairmen of the Finance Committees of the
Common Council be and they are hereby
authorized and empowered 20 sell at not
less than par the bonds provided for in Sec
tion one OF this ordinance, and to apply the
proceeds to the payment of the floating in.
debtedness of the city in the following order,
to wit:
First-The payrolls and warrants for the
payment of ali salaries and wages due to all
the city employees, the police, the public
schools. and the monthly installments of the
due the various charitable
institutions.
Second-The judgments against the city,
with costs on same, as may be designated by
the Finance Committee and the City AT
torney.
Third-The Controllers warrants on the
Treasurer, beginning with those dated in
1868, next those dated in Au.
gust, next those dated In July, June, May,
and so on to the oldest date.
SEC. 3. Be it further ordained, That one
fourth of one per cent of the tax assessed
annually on all of the real and personal
(not exempted by law from taxa.
tion) within the city Of New Orleans, be
and the same is hereby set aside and
pledged to be used solely for the payment
of the interest, coupons, and the final re-
demption of the bonds to be issued by vir-
tue of this ordinance; and that said pro-
portion of the annual tax shall be deposited
daily, as collected, in such bank in the city
Of New Orleans as may be designated bv the
Mayor, Controller, Treasurer, and CHAIR.
men OF the Finance Committees.
SEC. 4. Be it further ordained, etc., That
the bonds to be issued under the provl-
sions of this ordinance, be and the same are
hereby exempted from all taxation by the
city.
SEC. 5. Be it further ordained, etc., That
all ordinances or resolutions conflicting
with this ordinance, be and the same are
hereby repealed, and that this ordinance
shall take effect from and after its passage.
1t was unanimously received, and adopted
on its first reading, after being amended as
follows: In the second section, in the fifth
line, after word "sell' insert said bonds,
to the amount of one hundred thousand
dollars, to the best advantage, and the bal
ance at not less than par, and il the tenth
line, after the word employees strike out
" the police, the public schools As
it was concurred in by the follow
ing unanimous vote:
Yeas: President Markey, and Messrs.
Boguille, Brady, Kaiser, Pessou, Poynot and
Shields.
Nays: None.
1t was ordered to be returned to the other
Board.
Said ordinance was sent back from the
Board of Assistant Aldermen, tie amend
ments being rejected.
Mr.. Kaiser, having voted for concurrence
in said ordinance, moved to reconsider the
vote. This was carried unanimously.
On motion the Board receded from its
and the ordinance was con-
Cured in, as adopted in the Lower Board,
BY the following unanimous vote:
EYeas; President Marley, and Blessrs.
BOguiile Brady, Kaiser Pessou and