New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-23
MAYoRALTY OF NEW ORLEANS,
City Hall, November l9, 1859
No, ll3O-New Series

h4YohALTY OF NEW ORLEANS, /
C1ty Hall, November Is. 1868.
No. 1l30-New Series.
An Ordinance Providing for the Redemption and
snry Notes and the Relief Of the Finances Of the
proval or Disapproval Of the Ouslifisd Voters n
the City of New Or cans.
=. WHEREAS, The Common Council Of the city Of
direct control for the relief Of the finances Of the
Whereas, They have applied. without success. for
assistance from the Legislature of the State Of Lou
SECTION l. Be it ordained by the Common Conn.
Ct q the city of New Orleans, That the Mayor Con.
troer, Treasurer and chairmen of the Finance Com
hereby authorized TO issue bonds of this city of New
orleans 10 and for the sum of $4,000 COO three mil.
twenty-five years after date in the legal currency Of
the United States and bearing interest at the rate
OF seven and three tenhs of one centum per an
mum, in semi. annual coupons.
SEC. 2. Be it further Dreamed, etc., That these
bonds snail 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
SEC. 3. Be it further ordained, etc., That in ad.
dition 70 the present taxation tax of ca one
sessed value of all real and PERSONA property and on
the amount OF each and every license paid into the
licensed within the corporate limits Of the city Of
New Orleans mot exempted by law from taxationl
pledged to be used solely and exclusively for the pay
ment Of the interest and the redemption OF the
that this annual FAX shall be deposited daily when
collected in such bank in the city of New Orleans as
may be designated by the Common Council
SEC. l. BE it further ordained, etc That the
bonds TO be issue under the provisions of this orai
taxation by the city. avn
Sec. 8, Be it further ordained, etc That all oitv
notes received in exchange for in purchase OF the
bonds TO be issued under this ordinance shall be
cancelled and detaced daily as they received into
the treasury and whenever they shall amount To the
sum Of one hundred thousand dollars shall be pub.
Lcy destroyed IL the manner prescribed by existing
ordinances. - -e
SEC. 6. Be it further ordained, ETC. That all erdi
nances or resolutions conflicting with this ordinance
be and the same are hereby repealed and that this
ordinance shall take effect from and after its an.
proVal oy majority OF the qualified voters of the
ity OF new orleans voting at special election TO be
held under the provisions of this ordinance
SEC, I Be il further ordained etc That after
ten days proclamation by the Mayor In the Official
journal OF the CITY OF New Orleans the Qualified
voters ofthe city of New Orleans be called upon to an
prove or disapproVe this ordinance. Those voting
afhrmatively to have printed or written on their half
lots, FOR Issue of Bonds:n those voting negatively
"A gRinst Issue OF Bonds '-''
The polls to be opened and the election conducted
IN accordance with existing laws and Ordinances
ana returns TO be made to the Mayor All persons
registered under the late registration law OF the
state to be considered qualified voters "
Slgned) THOMAS MARKEY,
President Board Aldermen
tblgne0 JOHN BREEN
PRESIDENT pro tenn Board Assistant Alderman
Approved November IS, 1858
ISigned JOHN L. CONWAY, Mayor.
A true copy:
JOHN W. OVERALL, Secretary. nol9l0t