Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-03-11
NEW RUsINESs.

Resolution authorizing the appointment
of an Assistant Superintendent of the
WaterWorks. Adopted.
Bill, by Mr.. Kinney, providing for a
perquisite of 81 to every policeman in all
cases of arrest and conviction on charge of
using hydrant water without license
Passed three readings.
Ordinance, by Mr.. Mckee, to establish
a Board of Health, appoint Health Of
fcer, providing for the registration of
births, deaths and interments, and repeal
ing all similar laws heretofore enacted
Passed one reading.
Bill, by Mr.. Mckee, appropriating 1925
for the fitting up of the lower story of the
gun factory for colored school Passed
one reading.
Mr.. Allen presented the following,
which has heretofore passed the Legisla-
ture:
An act to provide for the Issuance of the
bonds Of the city of Nashville, to the
amount of three hundred thousand dol
lars.
Whereas, By an get passed by the Cen
eral Assembly of the State of Tennessee,
Dec. 18th, 1867, the Mayor and City Coun-
ell of Nashville are authorized to issue the
coupon bonds of said city, to the amount of
three hundred thousand dollars, bearing
interest at the rate of six per cent. per an
mum, payable semi-annually, and to fix the
denomination of said bonds mot less than
one hundred nor more than one thousand
dollars each) and the time of the maturity
of said bonds mot less than five nor more
than thirty years., and to- designate the
place or places of the payment of said
bonds, and also the place or places of the
payment of the interest thereon; and
Whereas, The said Mayor and CITY
Council are authorized by said act of the
General Assembly of the State of Tennes-
see to provide for the sale of said bonds,
and the application OF the proceeds to the
payment of the past.due interest coupons
on Nashville bonds, and to liquidate the
floating debt of the city; therefore,
Be it enacted, by the City Council of
Nashville:
Section l. That the coupon bonds of the
city of Nashville shall be issued to the
amount of three hundred thousand dollars.
Each of said bonds shall be signed by the
Mayor, countersigned by the Recorder, and
sealed with the seal of the city, of Nash
vile, and made payable to the Treasurer of
the city or his assigns. The Faid bonds
shall be dated on the 18th day of April,
1868, and of the whole amount, $4,000
shall mature on the 18th day of April,
1874, $50, 900 on the 18th of April, 1873,
$4,000 on the 18th of April, 1880,
$4,000 on the 18th of April 1888, $780,
600 on the 18th of April 1885, and $780,
600 on the 18th of April 1888. Not more
than $4,000 of said bonds shall be of
less denominations than $1,000 each, and
shall be purchased with the proper cou-
pons attached, according to the time of the
maturity thereof, each coupon TO be signed
by the Treasurer of the city. The said bonds
shall be made payable at the option of the
holder, on maturity, at the Office of the
City Treasurer in Nashville, or in the
city of New York, at such bank as
may hereafter be selected BY the
commissioners or agents of the city
of Nashville, who may be appointed to car
~ out the provisions of this act and the
interest on said bonds shall be payable in
like manner, both in Nashville and New
York, SO that the holder of the coupons
may be paid on demand at either place.
Sec. 2. Be it further enacted, That ia
order TO carry out the provisions of this
act, his Honor, the Mayor, is hereby en-
powered to appoint three or more commits
sioners on behalf of the corporation ofthe
city of Nashville, and said commissioners
sre hereby fully authorized and empowered
to negotiate the sale, for cash or exchange
of said bonds, for the past-due interest cou-
pons, and other Indebtedness of said cor
Il 80 t,1I Il
| best for the interest of the corporation
| said Commissioners to report the result OF
| their negotiations to the City Council
| Said Commissioners are hereby empowered
| TO employ an agent or agents to act fol
| them in the sale or exchange of said bonds
and to allow said agent or agents & reason.
able compensation for his or their services
Sec. 3. Be it further enacted, Tha; hi,
Honor, the Mayor, together With the said
| Com missioners aud the Committee on Fl
| nance, be authorized and directed 10 caus.
the necessary bonds to be prepared, anc
| to make all other and further arrangement
necessary to the faithful execution of tn,
| proyisioBs of this act, which shall tax,
effect from and after its passage
Mr.. Thornberg offered an amendment t,
section 2, authorizing the Mayor to nomi
nate three Commissioners, 10 be elected b,
the City Council.
The bill then passed three readings.
Resolution for the planting of shad
trees and grsveling the walks on th
grounds Of the Public Schools. Adopted
Resolution by Mr.. Kinney, declaring va
cant the seats Of Aldermen Adolph Mel
son aud Charles Baker Laid over.
Resolution by Mr.. Thornberg, petition
ing the Legislature to make provisions 10
the payment of the Metropolitan Police
Adopted.
Adjourned.