The Cairo evening bulletin. (Cairo, Ill.) 1868-1870, 1869-02-09
City Council--Adjourp Meeting.
From the Cairo Times


cent N.
The committee appointed to examine into
certain bond given by the city under the
administration of Mr.. Thomas Wilson, in
payment for the second survey of the Cairo
and ST. Louis railroad, amounting to $4,000,
made their report in the form of an opinion
of the city attorney, that the bond was illegal,
having been given for purpose with which
the city had nothing to do and therefore the
city council under the charter had no author
ity to issue it. :,
The Mayor-What will you do with the
report?
Aid. Rittcnhouse--I move the report he
received and placed on file.
Aid, CARROLL wonder if the comptroller
can find out who holds this bond =?
The Mayor and Aid. Arter--Simultane
ousy--The city national bank
Aid. Carrol-IIow did this bond got there?
1t is very strange how it got there
Thomas Wison-By permission of the
council, will explain. Two or three resolu- |
tions were read appropriatng $4,000 for the |
survey of the Cairo and st. Louis railroad, |
and passed by the council | vetoed il ON the |
ground of its being resolution and not an
ordinance and that the council had no right .
10 issue Il bond of that amount for anything |
outside of the city; that the first survey had
been paid for by private subscription, and
that the work for which this bond was to he
issued ned not been done.
Aid. Gibson--I think can explain to Mr..
Carroll how the bond came in the City Ma
tonal bank. In all probability that bond
represents some Of the capital stock Of Taylor
and Halliday, who are directors Of the st.
Louis road
Thomas Wison-That bond was previously
issued to Mr.. Taylor.
Comptroller Msrtin-Mr Taylors receipt
FOR the bond is on the books.
a IN Rpilly--IIas tho intprpst happ paid IN |
this bond
Comptroller Martin-The interest has been
paid for the two years ending April 4, 1868,
amounting TO $500.
Aid. Arteries this survey ever been
nader
ThoNas Wilson--No, not to my knowledge.
Aid Arter--So there never wa. any con-
sideration.
The Mayor--Are you ready forthc question
AID. Vincent-Mr. Taylor told me they
we're short of money to pay of with, and dis
posed of his bond ut great sacrifice at the |
bank .t
Aid Arter.-As one of your committee,
your Honor and gentlemen, l have q few A
words 10 say. There seems TO be a disposi-
ton to pay this bond Our City Attorney
says it is invalid il has fallen into the q
the hands of the bears. If any gentleman
wishes 10 pay the money If the city on a bond G
hat was unjustly issued they can do co.
'hall never vote to pay it. l will mo-; my
time is short, and am going to put ii 10 !
better use o.
Aid Gihson-I move the payment of the
bond be stopped until the st Louis road comes
in here
The Mayor-The motion is To place this re- =,
port Ola file, gentlemen what will YOU do with
IL?
The motion having been seconded, was pat
10 vote and carried. II
Some inquiries having been made in regard
10 the printing bond Of the Bulletin, the
following remarks were made by
Aid. Artpr.-lt !. % Ice regretted that We
make 50 many blunder, here, and / can see no ~
use Of having any rule, unlcs, we 90 hv them A..
and move that unless the bond i placed in
The clerks office within given time the con-
tract be considered void, aud the printing
urncd over 90 the next lowest bidder.
The City Clerk have sent for the bond.
Aid. Arter.-I will hold on to my motion IL
then. j
The bond was produced and accepted the
,ecuritios being T. w. Halliday, John ..
Hartman and F Bross.
The following resolution wa. introduced:
Resolved, That the city treasurer boz di-
rected I" pay no more interest on the $1,000
bond issued To the Cairo and ST. Louis rail-
road until otherwise ordered. Adopted.
AID. Gibson don't think the resolution
We have stopped the interest but
not the principal
Bids for bond, having been read from sew.
eraA different parties, the following question
way asked by
Aid Reilly-Mr. Comptroller, how many
six per cent. bond, have you in your posses
sion?
Comptroller Martin sGl 600 six per cent.
thirty year bonds.
Ala Rcilly-Id like to know what there is
10 prevent Fox, Howard n Co. from getting
hold Of these bonds
Ala Arter-Nothing if they get their
mandamus.
The following resolution WAS then intro
iuced and adopted;
Resolved, That a committee Of three be
appointed to destroy all thirty year bonds,
md report At the next regular or called meet
ng Rittcnhonse, Reilly, and Carroll APP
pointed.
Aid Rittonhouse--I would like 10 ask the
lty attorney II this will not operate badly at
springfield!
Attorney Butler-I have thought of the
anne thing. The petition for the mandamus
tstes that the city holds this amount of bonds
Mr.. Reilly-The comptroller saws that Mr.
} Melveny told him that it was dangerous 10
,eep these bonds.
City Attorney don't zee any object in
.ceping them on hand.
Comptroller Martin--They are Of no use -
Except TO settle some claim or pay short bonds.
The Mayor--The vote is ON the resolution.
Aid, Arter-My object is this; The comp -
roller has them aud | want them out Of the l
ray some rogue might find where they were L
nd steal them, II they were greenbacIs
hey would soon disappear
City Attorney don't know but that il 81
hese bonds were destroyed the city can be
ompelled to issue them again under the ordi-
snce, was requested TO draw up re.olu-
ion accepting all bids on bonds at par ,