Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-04-15
THE CITY.
Regular Meeting Of the common

1
Council.
At the meeting Of the Common Council
yesterday afternoon, a quorum was pfesentl
and President HEREFORD in the char.
A message from the Mayor relating to
the width of pavsmsnts was, on motion Of
MIR. Craighead, referred to the Street Com
mittee.
The reports of the various departments
showing receipts and disbursements, as
heretofore published, were received and
fled. A number of special Committees
were allowed further time TO report
The petition OF W. l. Blanton to erect
frame building in South Nashville was
allowed
The petition Of Mrs. Tobb, relating to
corporation taxes was granted.
The petition of Mr.. PEBBLES TO build q
frame house in South Nashville was
granted.
The Committee on the Fire Department
made report favorable TO the condition of
that department, which wes received and
| fled.
The Wharf Committee reported that the
wbarves were all right and would need no
improvement for the ensuing six months.
Mr.. Craighead presented the petition Of
Il R@cfoAtf A4AA0l4o k1td4cbDNus dohlD0 the
construction of two streets in that locality.
Referred to Street Committee.
The petition Of MIR. Spiyey relating to
framehouse building was referred to the
| Committee on Fire Department.
The City Attorney read q communion
ton recommending that Judgment be
allowed fer 81, 500 in the case of WI.
Cooper against the Corporation. Re-
| ferred to the Finance Committee.
| The bill to further provide for the issu-
ance of corporation bonds, which passed
three readings in the Board of Aldermen at
its last meeting, passed three readings in
Council. The following is a copy of the
bill as adopted:
| Whereas, The General Assembly Of the
| State of Tennessee, at its regular session
| of 1SG9-70, passed an act to authorize the
/ Mayor and City Council of Nashville, in
| their capacity as a corporation, to issue the
coupon bonds of said corporation to an
amount not exceeding $500, 900, of denOmi-
| nations from 100 to 1000, at the discretion
of said Mayor and City Council; and to
mature at such times, from one to thirty
years, as may be fixed by said corporation;
| and,
Whereas, BY said act, the said corpora
| ton is authorized to mortgage the Water
works and public grounds and buildings of
| of the Fire Department of said city, 10 Sc
cure the payment of said bonds at maturity,
| and,
Whereas, Such mortgage has been exc
| cuted in pursuance of said act and of an
ordinance of said corporation, and ac-
knowledged and duly recorded in the Reg
| listers Office of Davidson county IN book A.,
page 1872 now, therefore,
BE IL enacted By the NayOr and CITY
| Council Of NdSlsriIte, That the Mayor and
| Recorder be, and are hereby empowered
| and directed to execute the coupon bonds
| of the corporation, to be signed by the
| Mayor, and countersigned by the RecOr-
| der, and the coupons 10 be signed by the
! Treasurer, and the seal of the corporation
| to be affixed TO said bonds; and the same
| to be executed in denominations as fol-
/ lows, to- wit: There shall be executed 500
| bonds Of the denomination of $500; 500
bonds of the denomination of $500, and
| LOCO bonds of the denomination of 800,
| so that the same shall amount in the az
| gregate to the sum of $500,000.
Sec ,. That said bonds shall be exempt
from taxation by this corporation, this pro-
vision being intended as a stipulation in
the contract; and said bonds and their
coupons, as either mature, shall be re-.
ceiyable by this corporation for taxes; and
Whereas, There are many unsettled
claims against this corporation, growing
out of the acts and contracts of certain per-
sons who seized upon the archives and
other property OF this corporation contrary
TO law, in the month of October, 1867, and
assumed to act as the officers and agents Of
said corporation from said time until
the summer of 1863; and,
| Whereas, This corporation does not by
| any provision of this act intend to recog-
| nize as valid, or to ratify any of the con-
tracts or liabilities of said wrongful usurp-
ers, commonly known as the Alden adj
| ministration, or to acknowledge or make
| valid any claim against, or pretended obi
/ cation of this corporation, not otherwise
binding upon it; yet, nevertheless, to
/ remedy the evil growing out of long con-
tinued litigation, and the uncertainty OF
the future result, and the embarrassment
connected with large outstanding floating
| debt of unascertained amount
Be IL futher enacted by the authority
| aforesaid, That the Mayor and Finance
| Committee of the City Council, acting in
conjunction and upon the advice of the at
| tOrneys Of the corporation, employed with
respect to such cases, he and they are
hereby empowered to compromise any Of
| the suits now pending wherein the corpor-
| alton is plaintiff or defendant, growing out
| of claims mentioned in the preamble to
| this section, and in like manner to COM
| promise any of such claims which may not
| be in suit, and TO that end the said Mayor
and Finance Committee may fix the times
of the maturity of such bonds as may be
issued to fulfill the conditions of said conf
| promises as nay be so made, and cause the
same to be executed and delivered accord
| ingly; and such bonds and sums of money
as may be agreed by said Mayor and
| Finance Committee TO be paid out in full
| fillment of the conditions of such agree
msnts of compromise as may be made as
aforesaid, are hereby appropriated to the
| fund out of any moneys coming into the
| city treasury not otherwise appropriated
The measure proposing the appointment
of Joint committee to consider the FEAST
bility of exchanging property with the ma
| tiOnal government, with a view to having
| the CustOmhouse located on the Public
Square, adopted in Board of Aldermen,
was concurred in, and Messrs. Hinton,
/ Craighead and Litterer appointed to act on
| the part of the Common Council.
| A message was received from the Mayor
| relative to the law lately enacted exempt
ing certain improved property from taxa
ton for corporation purposes for three
years, and pointing out some objections to
the same. The message vetoes the bill
The Board adjourned until Z O'Clock
1 Monday evening next.