The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-09-14
hH the city: and also annually. from the

by the city; and also annually, from the
accruing revenues of the city, sum that
shall not be less than one per ccntum of
the amount of the principal of the city
debt shall be, and the same is hereby, ap-
proDriated TO the payment or the purchase
of the principal of the city debt
iii. 1t shall be the duty of the Auditor
annually to pass to the credit Of the Com
mittee on the Reduction Of the City Debt
all moneys the proceeds of either OF the
sources before mentioned, and the said
amount out Of the annual revenues of the
city and the sums so passed to the credit
of said committee shall be drawn from the
treasury of the city for the purchase or
payment Of the principal Of the city debt
in the manner before mentioned, and in no
other mode and for no other purpose what
ever. If no part Of the city debt be due or
redeemable in the year, the Committee on
the Reduction of the City Debt shall invest
the amount passed to their credit as afore-
said in certificates Of debt or bonds Of the
city, or of the United States. Or Of one of
the States of the United States, until some
part OF the debt of the city shall become
due, when the said certificates of debt or
bonds, so far as may be necessary, shall be
sold and proceeds applied to the payment
or purchase of the principal Of the city
debt.
CIV. 1t shall be the duty of the Auditor
and Chamberlain to ascertain the amount
of interest on the city debt which will fall
due on the 1st day of January and OH the
1st day Of July of each year, and pay off
the same in preference to any other charges
or claim upon the treasury; and also to
carry annually the one per centum on the
amount Of the principal Of the city debt to
the credit of the Committee on the Reduc-
tion of the City Debt in preference to any
other charge or claim upon the treasury.
"V. Whenever hereafter there shall be
contracted by the city any debt not paya-
Bile within the next twelve months there
shall be set apart annually, for thirty-four
years, or until the dept is paid, a sum ex-
ceeding by one per centum the aggregate
amount of the annual interest agreed to be
paid thereon at the time of it's contraction !;
which sum shall be applied and invested to-
wards the payment Of such debt in the
same manner as herein provided for the
present existing debt Of the city.
"VI. All the provisions Of this chapter
shall be carried out from year to year until
the city shall no longer owe any debt"
NORMAL SCHOOL.
The resolution appropriating 1000 to
the First Normal School Association of
Richmond was called up and adopted.
NEW RESERVOIR.
The report of the special committee on
guhspC1pnt
report thercupon, were called up.
Colonel Ordway offered a resolution ap-
proving the first and second recommends
tions Of the cport-lcaying the question OF
the establishment Of a cemetery separate
and making the Committees on the Water
Works and Finance n joint committee tc
consider and ascertain the costs, estimates
and plans, and the best means fCr raising
money.
Mr.. Hudson offered rs an amendment
a resolution referring the matter to the En-
gineer, with Instructions to report, and dis
! charging the present committee.
After considerable discussion, Mr.. Mcrri
man novel to lay the whole matter on tho
table. This was carricd-ayes, II noes, 6
MEDICAL INrIRMAEr.
The report of the special committee ap
pointed on the subject Of the contract be
tween the city and the Medical In6rmary
in reply to n communication of Militar,
Commissioner Hambrick, was called up ano
adopted.
Mr.. Smith offered resolution continuin?
the agreement between the city and Dr.. |
II. White for the care Of the sick poor 0
the city lntil the lst Of January, 1870, a
which time it would cease unless renewed
By the contracting party. This w9s adopted
CLEANSING TIE RESERVOIR.
Mr.. ellis offered a resolution instruct
ing the City Engineer to ascertain the prac
ticability of drawing the water from an'
cleansing the reservoir, and, il practi
cable, to report to the Council. Adopted
After disposing OF other matters, tn
Council adjourned.