New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-01

Mortgages for work done in his office, &C.
cording to act los of 1869 of the laws OF
louisiana. be referred to the City Attorney,
and if the city is liable for the amount, the
chairmen of the Finance Committees are
| directed to approve the bill, and the Con-
trolier to issue certificate of Indebtedness
therefor.
On the above Messrs. Potthof, Brady and
Prados voted nay.
UNFINISHED BUSINESS.
Under suspension of the rules. Mr.. Poy-
not called up the following, adopted Oh first
reading last meeting:
An ordinance to provide for the sale of the
stock in the New leans, Jackson and
Great Northern Railroad Company, held
by the city of New Orleans.
SECTION |. Be it ordained by the Com
| mon Council Of the city of New Orleans,
| That the City Treasurer is hereby author
| lied and directed 20 sell to the highest bid
der the stock owned by the city of New Or
| leans, in the New Orleans, Jackson and
Great Nortern Railroad Company; provided
said sale shall not be made Enes3 the sum
| Of one hundred and fifty thousand dollars
(S150000) cash can be obtained for said
stock; and upon payment of the purchase
money by the purchaser, and his execution
of bond with good and solvent securities
in the sum Of five hundred thousand dollars,
in favor of the Mayor OF the city, Condi-
toned to maintain the pledge in favor of
the bOndhOlders of the bonds issued by the
city Of New Orleans, By virtue of an act Of
the Legislature of March Is, 1854, who may
desire TO convert said bonds into the stock
of said company provided for by section
three Of said act, then the Treasurer is
directed to deliver at Ouce the certificates
of stock, and to cause the transfer thereof
to be made TO the name of the purchaser on
the books CT the said New Orleans, jackson
and Great Northern Railroad Company.
SEC. 2. Be it further ordained, ETC., That
all ordinances or parts of ordinances incon-
sistent with or contrary to the provisions of
this ordinance, De and the same are hereby
repealed.
On motion Of Mr.. Poynot the ordinance
was declared adopted on final reading, by
the following vote:
Yeas: Messrs. Clay, Poypot and Pessou.
Nays: Messrs. Potthof and Hassinger.
Messrs. Prados, Shields and Brady de-
cliued to vote.
President Potthoff called Mr.. Shields to
the chair and retired.
Mesars. Prados and Hassinger also retired.
RESOLUTIONS.
By Mr.. Brady
WHEREAS. The city charter under which
we were elected is annuled by the promul-
CATION Of a new city charter and the ap-
pointment of Administrators. whose duties
by law supersede ns, the present incum-
DENTS, and with view to assist rather than
retard the working of the same for the
benefit OF the people, the new city charter
and our successors, be it
ReSOtCed, That when the Board of Alder.
men adjourn this evening, it do adjourn sine
die.
On motion of Mr.. Poynot the above was
laid On the table.
REPORTS OF COMMITTEES.
The following was read and received:
NEW ORLEANS. March %, 1870.
che Board of Aldermen:
GENTLEMEN-The undersigned, special
committee TO whom was referred the letter
of the City Attorney in reference to compro-
mise entered into with the heirs of Livaudais
and others, beg leave to report that the
ordinance No. 1911 new SERIES embraces the
whole subject, viz: On the heirs Of Llvau-
dais giving good and indispu.able title to
the property, then and then only the Citv
consents TO abandon its legal hight to effect
the same by appeal or otherwise
We have the honor to be, very respect
fully,
LOUIS PEsSOU, Chairman;
THOMAS Z. BRADY.
Or motion, the board then adjourned.
JOHN Fl. REFS, Secretary.