New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-27
OFFICIAL NOTICES--OITY,
MAYoRALTY OF NEW ORLEANS, l
City Hall, November 10, 1868.

MAYoBALTY OF NEW ORLEANS,
City Hall, November 10, 1868.
No. 1l30-New Series.
An Ordinance Providing for the Redemption and
Absorption of 4 be Various Issues of tjity Trea.
sury Notes and the Relief of the Finances Of the
City Of New Orleans, to be Submit ed to the APP
proval 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 everymeAns withinltheir
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 /. Be it ordained by the Common Coun.
Gil o. the city of New Orleans, that the Mayor, Con.
troller Treasurer and chairmen Of the Finance Com
nlttees of the Common Council, be and they are
hereby authorized 70 issue bonds Of the city of New
Or cans 10 and for the sum of $4,000 900 three mil.
lion dollars, dated December /. 1865 and payable
twenty-five years after date in the legal currency Of
the United States and bearing interest at the rate
OF seven and three tenths of one per centum per
mum, in semi annual coupons.
SEC. 2 Be it further Ordained, etc.. That these
bonds shall 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
no conditions shall be sold for less than par
SEC. 8. Be it further ordained, etc., That in ad-
dition to the present taxation tax of "a
sessed value Of all real and persona properly and on
the amount of each and every license paid into the
city treasury by the party following the profession
licensed within the corporate limits of the city of
New Orleans mot exempted by law from ta1ation),
pledged to be used solely and exclusively for the pay
ment Of the interest and the redemption of the
that this annual tax shall be deposited daily when
collected in such bank in the city of New Orleans
may be designated by the Common Council.
SEC 4. Be 1t further ordained, etc That the
bonds to be issued under the proyi ions of this d
nance be and the same are hereby exempted flOm
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 defaced daily they received into
the trt asuty and whenever they shall amount the
sum Of one hundred thousand dollars shall be pub
ely destroyed in the manner prescribed by existing
ordinances.
SEC. 6. Be it further ordained etc. That all ordi.
nances resolutions conflicting with this ordinance
be and the same hereby repealed, and that this
ordinance shall take effect from and after its ap.
proval by majority of the qualified voters of the
vity of New Orleans voting at special election to be
held under the provisions OF this ordinance
SEC. T. Be it further ordained, etc, That after
ten days proclamation by the Mayor IN the Official
JoHrnal of the City of New Orleans the qualified
voters OF the city of New Orleans be called upon to ap
prove or disapprove this ordinance. Those voting
attirmativey to have printed or item 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
GSigned) THOMAS MARKEY,
President Board Aldermen,
(SiRned) JOHN BREEN,
President pro tenn Board Assistant Aldermen
Approved November 10, 1863
(Signedl JOHN K. CONWAY, Mayor.
A true copy:
JOHN W. OVERALL. Secretary. nol9l lot