New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-03-29
E. HEATH, Mayor.
MAYoRALTY OF NEW ORLEANS, I
City Hall, 18th Day of March, 1896. :

To the Honorable the Board of Assistant Aldermen:
GENTLEMEN-I herewith return without
my signature, resolution authorizing the
Civ Controller to issue " certificates of in
debteduess of the city of New Orleans in
asmuCh as the ordinance adopted by the
Council for the sale of the stalls in the mar
kets with view to the redemption of the
city currency, has already gone into opera
ton, aud thUse resolutions by pedging the
revenues Of the markets for the redemption
OF the city notes are in conflict with that
ordinance, Very respectfully,
E. HEATH, Mayor.
The following message from the same
officer, and resolutions accompanying, were
read, and referred to committee of the
whole of both Boards Of the Common Coun-
Gil, to meet on Saturday evening next at six
O'Clock, at the room of the Board of Assist.
ant Aldermen:
MAYoRALTY OF NEW ORLEANS, /
City Hail. March "a 1858 Z
To the Honorable the Board of Assistant Alder
GENTLEMEN-City money having ceased
to circulate as a currency the pres
ent is an oppOrtune moment to
withdraw it from market, / there
fore recommend the immediate adop-
ton of the accompanying resolution, If, in
the wisdom of your honorable body, it shall
be in aCcC dance with sound policy and
good judgment.
The advantages to be derived from the
adoption of the policy recommended are
/. That it will remove the pressing liza
hiities upon the treasury for one year from
the dates of the certificates.
2. 1t will graduate the payments made
to the daily necessities of the city govern
ment, being paid out to meet the daily liza
Oilities, and falling due one year thereafter,
IL will have the effect of anticipating the
taxes payable next year, without calling
upon the people for them until they really
become due.
3. 1t will silence the charges against the
treasury department Of giving one man the
preference over another in the payments as
they become due.
Very respectfully,
E. HEATH, Mayor.
Resolved That from and after the passage
of this ordinance the city treasurer be and
he is hereby prohibited from issuing or pay
ing out any more city notes OF any demon
inatiOn whatever.
SEC. 2. That the treasurer be and
he is hereby authorized to issue
certificates of Indebtedness, bearing
eight per cent interest per an
mum, payable one year after date in
United States currency, and receivable,
both principal and interest, after maturity,
for any debts due the city of New Orleans,
said certificates to be countersgned by the
Controller aud Mayor, and to be numbered
and registered in suitable book kept for
that purpose in the Controllers office; the
same to be used in payment Of all the liza
bilitias Of the city Except the interest on
the consolidated debt and railroad bond,)
until such time as the city is relieved from
its present financial embarrassment.
SEC. 3. That city employees, and persons
hereafter contracting with the city, shall
be required. as Il condition precedent to
further employment, and to the entering iu-
to of such contracts, to agree to receive such
certificates of Indebtedness in payment of
their claims against the city.
SEC ]. Be Il further reSolred, That parties
holding city notes viii have the right to
invest the same in such certificates
SEC 8. That it shall be the duty of the city
treasurer to notify the public through his
weekly report to the Council of the amount
on hand in United States currency which
can be applied to the redemption of such
certificates and that he is ready to pay the
same, beginning with No. l, and including
as many as the fund SO reported will cover,
taking them in the order in which they
were issued; and from and after such mott
fcation the interest on said certificates
shall cease.
SEC. g. That all blank sheets of city cur.
rency on hand and not signed be destroyed
at the next burning of the city money, the
same to be reported according to law.
SEC. Z. ReSolved, That the City Treas
urer, Controller and Finance Committees
are hereby instructed to destroy all
city notes paid into the treasury
from any source whatever from time
to time, whenever the amount may have
accumulated in sufficient quantity, and
report the same to the Common Council.
SEC. s. That all ordinances and parts of
ordinances in conflict with the foregoing be
and the same are hereby repealed.
4 report of the. Treasurer for the two
weeks ending March q, 1868, showing re-
'ceipts $780, O4 II, expenditures 1888, 1886 SO,
balance on hand sl5O,7l5 81, was referred
to the Finance Committee.
The following communication, also from
the Treasurer, was read and on motion re-
ferred to the City Attorney for advice:
TREAsuRER's OFFICE, CRY HALL,
New Orleans, March "A, 1865. :
To the Honorable the President and Members of the
Board Of Assistant Aldermen
GENrLEMEN-The mandamus served upon
me at the instance of the Assistant City
Attorney was decided yesterday in the sixth
district court. Inc order COnpSis me 10
cease at once the collection of licenses in
this office, and to hand over to the Assistant
Attorney all not paid up to the first of
March, 1868.
Licenses by state law are due and payable
free from all costs during the month of Jan
uary only of each year, but the legislatures
when applied to have never refused an ex-
tension up to the first Of March of the year
in which they are due. In the month of
February last the Council extended the
time until the first Of March aud the ordi
nance was duly approved by Major General
w. s. Hancock, and promulgated by the
Mayor The attorney Of Judge Heistand
claims in his petition that he is entitled to
II. e.. nf ton mar. .al.L .l.cn thn frat Of Enh.