, 1870-05-31
THE CITY FINANCES.
Informal Meeting or the BOARD
Of Aldermen,
P1oponhon to Issue $4,000, 600 More
Of Bonds

by request OF the Mayer, the City Clerk issuet
me following call to the Aldermen on Saturday:
IEH;1tEAKA You a1o ietyby notified that an intorma
% IN &ond.y % May It 70 a'e eonaae ~ ae'
e IT, M pruef e nsW
| IL pursuance OF lhe above, meeting WAS hell
at p. N. yesterday, when the following nance
Aldermen answered tu their names: soue.a
Donnellan, Dixon, Hahn, Montgomery, McArcT
Daggy. Whitaker, leenan. Tracey. Hickey, uiid
rsth, Powell ~. 81. Powell GEORGE. Holden
tei1, Gu, sheii, Schmidt Tyler, s;chintz Benglcy,
llcltiug, McCaulc,, kcioe, Dcrine, Contskeys
Sir. hotchkiss slated briefly thc object Of the
meeting, hs described In the calf
Aid. hlldrrth moved that Mayor Mason take
The motion prevailed.
The Mayor said that the new constitution, II
! uduptcd, would prevent the city from issuing
| i, Dus ai1er August s next. The civ hnd manT
Improvements under way which would require
1at oting was to consider the propritty Of issu-
lug bonus immediately, 50 thar rley could be dis
l.std oi before the stn Of August
Ar. Tutty, Corporation Counsel, said 1t was
1 iosCstle conclusion that the constitution would
bc adopted, and then he went Oh 10 feAd tlt sec
tens u Tie constitution bear1ug upon the ques-
| t.cn. I he value Of the taxable property uf the
city Ss90U0,t ,toU and the tndclteIness s1l,ooD,
Ut0, more than twice i've pct cent. on uccouut of
| Il, oeo, ,ooo oi bonds lie hal given the follow
ine ol,i1lon ~ the Comptroller, at his request
Toyoul inaaiP whetieI my my et The Sewerage River
Is ea e. Cd, . s nex ag1
the euusnton. answer. that by Section IL, Al
# e e 5eoHs Ht''4se asbs s f S
as e.ns Z 'eF Il il n he
Il sss L sn5 s5ssiy 5ss,ss
T. f. III e.sr psa1ns q saa sf syu sesa SStsb ws
to u .sa viii vett stea'sh s i1e pxe
sIdouLteeiy % pslssii He counties th.. I'D Sos.d
H6ns b s e tSs .as1s @
Of " eons,tut!c, not nc99sttnt 5 t.eswith shall
s ss Ausas ra1i ii i de-
ss.s5sn ! Il SitsIss Fo.sy $i3s I II: ssa:
hEh the city las already aul i. thus now
nigh, ss.S il bSnas i falnsnt @ ii sas6 eontl.es s
alter the adoption Of the constitution lt the prop
Siss e sssse.isr susS % not a
sHf III y M ssai sS fush eq Il
nda cal sep tic n1T 2,,t more t4n e
II rcrts iaz sste county taScs hsS*. thercors.
+ na.,x ,hs h s3ty d,
ana s'a 'ir r II = a:s asE,t as,s
AID woodard was opposed io Issuing bon.is
lie believed II all burdens were placed upon the
people in the shape Of q lax, they would quickly
1t vas now, The Nayor aud comrtIoiier 'ssued
bonds and The people knew nothing Of Il nc Was
utterly opposed to issuing any more bonds
mixed up. lie would Ike TO hare the items read
and considered se1iat,u., and they would know
M. Tuley said It would take tn enty days tn urfnt
the bonds, and as each bond had to be signed iTe
tnce, 1t would take thlfty-dvc days TO do that,
placed III The market There were $4,000 Water
Uo1lds arcady issued, leaving 900 70 be issued
lie was informed by the Board OF Public WOrEs
that it would probably cost as much to Five un tfs
river Improvement as to 20 on with it
Aid. liildreth said that poor men living in the
cost Of M M N seweTs IN tie eenaTe % he
city, and therefore it was DOW maulfestly unjust
10 ask them to construct eewers In their own 10
sislance IRON the general ta1 The public re Of
iie people was upon them, and, though they might
- 70 cu,ta The future, they would not 6e iasii-
sld aid. Dixon moved to take up the question Of the
ssns q noen ssa eand1 Ina. the aonnt o, water
reLts COLLECTED during tic last nine months Of ast
year slss oo9 I'M while the centre Of tue cIty
noorly suppEesl. and The bonds Necessary to SUD-
ply tia! : ster Should BE issued:
,xi,1,se WarI was .iTsineI by lin. all of bnIIis
sho,tlj nav conc foryusd and try Ia stop seTeI.
Ese in other places. TlcY should have thcir sew
sMs uf fnI1,shina WafeT n ts c,ty va and a.. tseT
l1tuil 70 On and supply the West side with water
n il ought to De supplied Stopping sewerage aud
T. ,1pr Inn, Ov.mrtts was tsn1amnt3nt IL stSnnino
t!.e ur,orrss and nIvspcrity Of The citrs IL wa
III 1avof Of Issuing bonds
Ald: Walsh Eaid tne loWeT the indebtedness Of
ior Hs d no as tSs the ues
no sS IL Pie they as sa
to be sold before = certain date He was In favor
ol 9i!eGI Iaxanon-
AID woodward said not more than oDe-thiru OF