New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-28
OFFICIAL NOTICES--OITY,
MAYoRALTY OF HKw OALFANs D
City Hall, November 10, 1863 !

City Hall, November Is, 1868. )
No. ll30-New Series.
An Ordinance Providing for the Redemption and
sury Notes and the Relief Of the Finances Of I'M
Oly o. New Orleans, to be Submit ed to the Ap.
p5oyai or p9lsaRpr9val OF the Qualified Voters Of
WHEREAS, The Common Council of the city of
New Orleans has exhausted everyimeans withintheir
direct control for the relief OF the finances q the
WhsresF,. They have applied, without success, for
from the Legislature of the state of Lou.
SEoIoS1. BE it ordained by the Common Conn.
tfoler Treasurer and ohsirmen Of the pinsSos o1n
nlttees Of the Common Council. be and they are
hereby authorized GO issue bonds Of the city New
Vt cans in and for the sum of tS3 600 COO three mil
lion dollars, dated December /, 1858, and payable
years after date in the legal currency Of
tne United States and bearing interest at the rate
OF seven and three tenths of per centum per an
mum, IN semi; annual coupons. :
bonds shall be used exclusively for the purpose Of
absorbing the various issues of city treasury notes
NO conditions shall be sold for less than par
SEC Be it further ordained, eIc., That in ad.
fourth Of per cent be levied annually on the as
sessed value Of all real and persona property and on
city treasury by the party following the profession
licensed within the corporate limits of the city Of
NsT Orleans mot exempted by law from ta1ationJ,
and that the same be end is hereby set aside and
peoged to be used solely and exclusively for the pay
bonds % be issued by virtue Of this ordinance and
that this annual tax shall be deposited daily, when
collected. in such bank in the city of New Orleans AZ
may be designated by the Common Council
SEC Be 1t further ordained etc That the
ponds TO be issued under the prov ions Of this ora
nance be and the same are hereby exempted from
taxation by the city.
DEC 5. Be il further ordained, etc, THAI all rit,
notes received in exchange for in purchase II ne
bonds to be issued under this ordinance shall be
cancelled and defaced daily as they are received into
the asury and whenever they shall amount to the
sum OF one hundred thousand dollars, shall be pub
ordinances. ~ -e
SEC g. Be it further ordained, etc, That all ordi
nances or resolutions conflicting With this ordinance
De and the same are hereby repealed, and that this
ordinance shall take effect from and after its an.
proval by majority of The qualified voters Of the
Sty or New Orleans voting at special election to be
heId under the provisions of this ordinance.
bko T. Be it further ordained ETC. That after
Yen days proclamation by the Mayor IN the Official
Joarnal 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
ahrmatvely to have printed or written on their hal
lots, For Issue Of Bopds:' those voting NJ negatively
Against Issue of Bonds
The polls to be opened and the election conducted
IN accordance with existing laws and ordinances
and returns to be made to the Mayor. All persons
registered under the late registration law Of the
Signed) THOMAS MARKEY
President Board Aldermen.
Signed) JOHN BREFN
President pro tenn Board Assistant Aldermen
Approved November 10, 1853
Signed JOHN r. CONWAY, Mayor.
true copy:
JOHN W. OVERALL, Secretary. nols lot