The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-09-03
REGULAR SESSION.
Cry HALL, NEW ORLEANS,
Qentember 1868.

was on motion dispensed with.
The uessurer's report for the week ending
August 81. 1868, showing receipts 1876 IS, ex-
penditures none, balance on hand 1856 $50 81 was
read and referred 10 the finance committee.
Tho foIlowing communication from the con.
1roiler was received.
CONTROLLERS OFFICE. Cry HALL,
New Orleans, September l, 1868. !
To Che Bosorsbls Common Council:
Genaesnen--T have the honor to report to your
honorable body that according TO resolution No.
975 N. g.. and after due legal notice In the official
journal, Ihsve this day adjudicated the contract
for grading and shelling Josephine street, from
Apollo to Liberty street, to Nicholas Council,
security Christy Council, at one dollar and thirty
four cents Isl 3i) per running foot.
Respectfully, your ob't serv't,
j. o. Landry, Controller.
The following resolution from the upper board
was read and referred to the finance committee
WHEREAS, The finance committee have been
vainDy endeavoring 10 get from the late city treas
nrer and controller any statement OF their affairs
whereby definite settlement OF the financial ar
fairs OF the city while In their charge can be made,
and whereas II appears that the city is at present
loser 10 q heavy amount through the fault OF one
or both of them, and Of Francis Mouney; there
fore.
Resolved, That the mayor be requested to pro-
coed by suit through the city attorney against said
u.-All and securities, and said Mandel and secu.
rites sne Thousand 5oaEso iUs the sum Of
Howell. so far a. said committee has any informs-
fion, and for such further sum as said committee
may advise said attorney to include In said suit,
and for general and final statement OF the &C
counts Of said treasurer and controller between
themselves and with the city.
The following resolution from the upper board
was read and adopted on its first reading:
Reached. That the controller and treasurer be
requested TO prepare and transmit to the finance
committee statement up to and including the 3lst
: August of the amount due by the city on pay
rolls Of the school, police. street commissioner
and surveyors departments; also OF all claims
against the city, accrued or accruing, on con-
tracts amount Of city notes and warrants out
standing; amount of past due interest on city
bonds; also what amount, II any, Is due by the
CITY 70 the consolidated, the Fink, McDonogh and
other trust fnnds-in fact, full and complete
statement of the liabilities OF the city, OF every
description; and that the treasurer and
controller also be requested to prepare and
transmit TO the finance committee state.
ment of the amount Of taxes and all
other debts, whether by bills receivable or other
wise due to the city, and the amount of city notes
and cash on hand.
Messrs. Brsen, sturcken and Camp here en-.
tered and took their seats.
The finance committee submitted the following
report:
FINANCE COMMITTEE ROOM,
No. % City Hall,
New Orleans. Sept. 1, 1868.
To the Honor able the Board Of Assistant Aldermen:
Gentlemen-Th The finance committee beg leave to
On the petition of the New Orleans Gas Com.
papy to this committee. asking payment OF Their
several bills with interest at seven per cent per
: anpum from the date OF each, fayorably by reso
luton.
Your committee offer the accompanying resolu
ton authorizing the commissioners OF the con
49, Aafa md 20 A
amount of 1856 900.
Respectfully submitted.
Chairman Finance Committee.
r.. WYNNs.
ALFRED KsARsY.
Mr.. Morphy here entered and took his seat.
The following resolutions, accompanying thu
report Of the finance committee were read, and
upou motion, action was deferred until next meet
ing:
Rssotped. That the controller be authorized h
Issue warrants on the treasurer, In favor of TIL
New Orleans Gas Light Company, In settlement
of the monthly bills due said company, and IN
paid. With interest at seven per cent: per annun
from their several dates, and to settle ell futur
bills Of said company ss due in Same manner.
Resofped, That the Board Of Commissioners o
the Consolidated Debt be and are hereby instructe
10 issue consolidated bonds, Of the same class .
those already issued, TO the amount OF $3.50 o0O
being the amount of the old city and municpalit
bonds paid with the issue Of city notes, under tn
several ordinances OF the city.
Mr.. Fisher obtained . suspension Of the rules b
introduce the following ordinance, which wasrea
and referred to the finance committee:
AN oRoIEANoE Providing for The oansoids.isn an
Funsing the New Debts Of the ciiy Of New OrsAns
SECTION l. Be IL ordained by tie ConaHso
Council Of the CITY Of Ne'o Orleans, That tn
commissioners of the consolidated debt Of th
city OF New Orleans be and they are hereby OF
thoriyed and empowered 10 issue the bonds of tn
city of New Orleans, payable in twenty year.
with interest at seven per cent. per snnum. pays
BILE semi annually in coupons, TO sufncier
amount to liquidste all the floating indebtedness
Of the city, including city money; PROVIDED
the amount of bonds to be issued shall not e.
coed i've millions Of dollars.
SIC. 2. Be IL further ordained. etc.. That Ii
commissioners OF the consolidated debt Of th
city of New Orleans shall have power TO negC
tiste loan by the sale Of the bonds aforemeI
toned. or may exchange them ct par for u
obligations Of the city, uhsthsr An. thsss Asess
spy other legal and binding obligation Of q
CITY PROVIDED, said obligations, etc., shall
presented for exchange into bonds IS si1 ySsD
SIC. 8. Be further ordained, ETC., That
ordinances or resolutions inconsistent with %
ordinance be and the same are hereby
pealed. -, a. IT,, .,
ordnance shall take effect from and after
passage.
Mr.. Fisher moved for q suspension OF the rul
for the purpose Of introducing the followi
resolution:
Resolved That the chairmes Of the imam
committees be and they are hereby authorised
bvpothecste the city money now In the teasur
40 borrow United States currency for the pa
ment Of the rolls Of the city employees, schoo
police and the monthly apportonment OF approp
alton 70 charitable institutions.
Resolved, That the interest on said loan sh
NOT eaceed ten per cent per snnum, and ths
loan Of not less than ifty cents on the dollar
city notes hypothecated shall be accepted, an
Resolved, That the payments on the rolls o.
be only IN proportion 70 the amounts received
virtue Of the negotiation aforementioned, oee
ming with the rolls Of the month Of August, Is
Tho yeas and nays were called on motor
adopt the resolution on its first reading, VII
motion was iost-yeas 5, nayss ..
Mr.. Pemberton, under . suspension Of
rules. offered the following resolution, which
adopted on its several readings.
t YeAs-Messrs. Kearny. Walker, Pember
Camp, GrAndpre. Fisher. Morphy, Farrell
Breen.
- 49, n. astk.nu Gtnrcken Pan.