New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-20
MAYoRALTY OF NEW ORLEANS,
City Hall, November 10. 1868.
No. 113O-New Series.

No. 113O-New Series.
An Ordinance Providing for the Redemption and
absorption OF the Various Issues OF Uity Trea-
City Of New Orleans, to be Submitted TO the Ap-
proyal or Disapproval of the Qualified Voters Of
the City Of New Or cans.
WHEREAS, The Common Council of the citv of
New Orleans has exhausted everylmeans withintheir
direct control for the relief OF the finances Of the
Whereas, They have applied, without success for
assistance from the Leg stature of the State Lou.
tEoIION l. Be it ordained by the Common Ooun.
cil0 the city of New Orleans, That the Mayor Con
mittees of the Common Council, be and they are
hereby authorized 10 issue bonds of the city ofNew
lion dollars dated December l. 1865 and payable
twenty-five years after date the legal currency Of
of seven and three tenths of per eentum per an
mum, in semi. annual coupons.
SEC 2. Be it further Dreamed, etc., That these
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 B. Be it further ordained, ETC., That in ad.
fourth of per cent be levied annually on the as
sessed value Of all real and personal property and on
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
ment OF the interest and the redemption of he
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 he designated by the Common Council.
SEC. 4. Be 1t further ordained, etc That the
bonds to be issue under the prov ions of this ordi
nance be and the same are hereby exempted from
taxation by the city.
SEC. 5. Be it farther ordained etc , That all city
notes received IN NUhange for or in purchase of the
bonds TO be issued under this ordinance shall be
cancelled and detdced daily they are received into
the tr asury, and whenever they shall amount to the
sum of one hundred thousand dollars shall be pub-
licy 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be and the same are hereby repealed and that this
ordinance shall take effect from and after its ap,
proval by majority OF the qualified voters of the
CITY OF New Or cans voting at special election to be
held under the provisions of this ordinance.
SIC. 4 BE 1t further ordained, etc, That after
ten DAYS proclamation b. the Mayor IN the Official
journal of the CITY oil New Orleans the qualified
voters OF the city of New Orleans be called upon to APP
prove or disapprove this ordinance Those voting
atrmatiyely to nave printed written on their bal
lots, For Issue OF Bonds; those voting negatively
Against Issue Cf 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
State to be considered qualified voters
lSigned) THOMAS MARKEY,
President Board Aldermen,
(Signed) JOHN BREEN
President pro TEN Board Assistant Aldermen,
Approved November 10 1868.
.(Signedl JOHN X. CONWAY, Mayor.
A true copy:
JOHN W OVERALL, Secretary. nol9l0t