New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-07
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OFFICIAL JOURNAL OF the UNITED STATES
OFFICIAL JOURNAL OF NEW ORLEANS
CITY CoUNCIL-oFFICIAL
REGULAR MEETING.
CrTY HALL, NEW ORLEANS. l
Tuesday, July S, 1870.

CRY HALL NEW ORLEANS,
Tuesday, July S, 1870.
Mayor Flanders having returned to til
city, called the Council to order at halfpas
seven P. NJ, and presided over the meeting
The roll was called.
Present: Administrators J. r. West lin
provements), Alfred Shaw (Accounts),
T. Delassize Public Buildings), S. C. Emile,
(Commerce), E. w. Pierce (Police), j.
Walton (Finance), and II. Bonzano. Assess
ments).
Reading of the minutes dispensed with.
Communication from the Mayor.
The Mayor announced that he had a mes
sage to submit to the Council on matters o
public interest and Importance, but as ther,
was so much business pressing on the Coun
Gil he would defer it till the next meeting.
Department Reports.
Mr.. Shaw presented the following report
DEPARTMENT OF Public ACCOUNTS,
New Orleans, July 5, 1870.
To the Council of the city of New Orleans;
Among the assets of the late City of JEFF
ferson turned over to the city Of New Or
leans by the late officers of that corpora
ton are fifty notes of $500 each, payable
annually at from one to fifty years, without
interest. These notes are given in pay
ment of the right, title and interest of the
City of Jefferson in and to the Magazine
Street Railroad from TOledanO street to St.
Joseph street, its buildings, stock, fixtures,
horses, mules and running apparatus.
The first question that strikes the mind
is, what is the value of the note of any per-
son living, however wealthy, or reliable in
business affairs, due fifty years hence, with
out interest
The act of sale provides for the payment
Of interest at eight per cent after maturity,
If the notes be not then paid.
have carefully examined the following
records:
No. Eighth District Court, parish of
Orleans, Magazine Street Railroad Com
pany VS.. James HI. Young.
No. 3847-SecOnd Judicial District Court,
parish of Jefferson, Magazine Street Rail
road vs. Jefferson City; transferred and num-
bered fourteen, Eighth District Court, par
ish of Orleans.
No. l2-Eighth District Court, parish of
Orleans, James H. Young vs.. Magazine
Stree. Railroad Company, ct ais.
These are all injunction suits. 1t appears
that on the first of March the Council of
the City of Jefferson, by ordinance, declared
the rights and franchises of the Magazine
Street Railroad forfeited, and proceeded,
through a committee, to take possession of
the same in the name of the city. This
was done effectively by force.
1t is, perhaps, not our province to find
fault with the zeal of that council in behalf
of the claims of their corporation for the
forfeiture Of the property and franchises of
the company.
The alacrity, however, with which they
disposed of those interests to James H.
Young, on the second of March, deserves at
least an investigation. do not find in the
records named above any active proceedings
ON the part of the city of New Orleans to
contest or avoid the sale entered into. The
ordinance authorizing these proceedings is
said not to have been approved or officially
promulgated by the late Mayor of Jeffer-
son.
There is SO much material for investiga-
tion in the closing proceedings of the late
jefferson Council that it would be well, per-
haps, to have them printed for more easy
reference.
beg leave to offer the following resolu-
tiOns:
RESOLVED, That the Mayor be empowered
to cause to be instituted, in the name OF the
city of New Orleans, such proceedings as he
may find necessary, at law or otherwise, to
contest or avoid the pretended sale by the
City Of Jefferson of the right of way, rail
road, ETC., of the Magazine Street Railway,
to James H. Young.
Resolved, That the Mayor cause to be
printed, for reference and investigation, the
proceedings of the late Council of the City
of Jefferson, from February 9, 1870, in
elusive, to the close of their sessions. In
one or more instances the minutes of the
same meetings appear to have been written
and approved at different times, as occasion
appeared, for the authority Of such pretended
records.
Respectfully submitted.
ALFRED SHAW,
Administrator.
The report was received, and the resolu-
tons were both adopted.
Mr.. Walton presented his monthly report |
as follows:
REPORT OF ADMINISTRATOR OF FINAScE FOR THE MONTH