New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-25
MAYoRALTY OF NEW ORLEANS,
Citv Hall. NoVemher 10 lgr,9

MAYoRALTY OF new osLEASs,
City Hall, November 49, 1853 !
No. 1l30-New Series.
An Ordinance Providing for the Redemption and
Absorption of the Various Issues OF City Trea-
sury Notes and the Relief Of the Finances of the
City OF New Orleans, to be Submitted TO the APP
proyai or Disapproval of the Qualified Voters of
the City of New Or cans
WHEREAS, The Common Council of the city of
New Orleans has exhausted everyhneans withinlther
direct control for the relief OF tina 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 Coun.
Gil q the city OF New Orleans that the Mayor, Con
lnittees of the Common Council. be and they are
hereby authorized to issue bonds of the city of New
lion dollars, dated December l. 1865 and payable
twenty-five years after date In the legal currency of
of seven and three tenths of one per centum per
num- 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. 3. Be it further ordained, etc., That in ad-
fourth Of one per cent be levied annually on the as.
sessed value OF all real and personal properly and
city treasury by the party following the profession
licensed within the corporate limits OF the city of
and that the same be end is hereby set aside and
pledged to be used solely and exclusively for the pay
bonds 10 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 as
may be designated by the Common Council.
SEC. T. Be it further ordained etc, That the
bonds to be issued under the provio of this ordi
nance be and the same are hereby exempted from
taxation by the city.
SEC. 5, BE it further ordained, etc That all city
notes received in exchange for purchase OF the
bonds to be issued under this ordinance, shall be
cancelled and detaeed daily they received into
the tr asury and whenever they shall amount to the
sum of Que hundred thousand dollars. shall be pub
cly destroyed in the manner prescribed by existing
ordinances.
SEC. g. Be it further ordained etc. That all ordi-
nances or resolutions conflicting with this ordinance
be and the same hereby repealed. and that tins
ordinance shall take effect from and after its an.
proVal by majority of the qualified voters of the
viJy of New Orleans citing at special eli ctIon to be
held under the provisions of this ordinance
SEC. Be it further ordained, etc, That after
ten days proclamation BY the Mayor the Official
journal of the City of New Orleans the qualified
voters of the City of New Orleans be called upon APP
prove or disapprove this ordinance Those voting
atrmativey to have printed or written on their bal
lots, FOR Issue of Bonds' those voting 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
SigneO THOMAS MAKKEY,
President Board Aldermen.
lSigned) JOHN BREEN,
President pro tenn Board Assistant Aldermen.
Approved November 10, 1858.
(Signedl JOHN Il. CONWAY, Mayor.
JOHN W. OVERALL. Secretary. mole lot