Daily national Republican. (Washington City [D.C.]) 1870-1872, 1872-08-02

An Acr providing for the payment Of the
debts Of The lato corporation Of George
% town,
whereas by the fortieth section Of the act
ol Congress approved the twenty-hrstday Of
February, eighteen hundred and seyenty.one,
an act entitled IAN act TO provide q govern
ment for tho District Of Columbia" II Is en-
acted that the Legislative Assembly shall
have power TO levy special tax upon prop
erty, except the property Of the United Btates
within the city Of Washington, for the pay
lneut Of the debts Of said city, and upon prop
of the United States, within the limits Of the
city OF Georgetown, for the payment OF the
debts Of said cityi and upon property except
tho property OF the Government OF the United
States, within the said District not included
within the limits Of either OF said cltlestoPAy
any debts owing TO that portion Of said Dis
trict;" and whereas TO carry Into effect the
Rbovo-recNpd provisions Of the aforesaid act
oil Congress the Legislative Assembly passed
an act entitled IAN act to authorize the Gov
ornor TO appoint commission TO audit All
outstanding claims against the corporations
Of Washington and Georgetown and the
Levy Court and 10 devise q plan for The
liquidation thereof which said act was APP
proved the sixteenth day Of june eighteen
hundred and sevonty-one; and whereas by
virtue Of said act Of the Legislative Assembly
the GU 5ornor did appoint commission for
the purposes therein set FORTH and whereas
under date Of November -, eighteen hun
dred and seyenty-one, said commissioners
submitted TO the Legislative Assembly a re-
port Of the outstanding claims against the
late corporation Of Washington, with plan
for the liquidation or payment thereof; and
whereas In consequence Of the abolition OF
the old governments Of the District and the
creation Of the present government no tax
was assessed or levied In the city OF WASH
ington for the six months, which commenced
with the first Of January, eighteen hundred
and soyenty-oue, and ended on the fret OF
July Of that year; therefore,
Be u enacted by De Legislative Assembly
Of ple District Of Columbia, That, for the
purpose Of paying the floating and past duo
Indebtedness ofthe late corporation oil George
town, there shall be, and hereby Is levied
and assessed on all the real property In the
said city, subject 70 taxation according 70 the
present assessment thereof by the District Of
Columbia tar nj the amount Of fifteen cents
on each Que hundred dollars thereof
Sec. 3. And DC u further enacted, That the
sum Of twenty-five ceuts on each and every
sSid shall be, and Is, assessed and levied for
the payment annually of the interest on the
several funded and lntereet-bearing debts Of
the said late corporation OF Georgetown, uutll
the principal thereof shall be fully satisfied
and paid.
Sec. 3. And Be d. further enacted, That, i'm
0ltNlhltlN upon DndEAkt VI knlh uNtt
annually thereafter, II shall DO the duty Of
the collector Of taxes 10 prepare list OF the
taxes herein authorized and provided for, and
10 apportlon the amount thereof which may
be due from each person liable 10 taxation In
accordance with the amount Of real property
assessed against him, and after such appor-
tlonmcnt 10 notify each person OF tho amount
of taxes 90 due from him, and TO collect them
ln'the same manner as general taxes' OF the
District Of Columbia are collected, and 10
the event Of non-payment their collection
shall be lnforced, as is provided by the laws
Of said Dlstricti and the taxes so received
and collected shall be paid over by the said
collector, weekly, 10 the commissioners OF
tho sinking fund appointed by the Governor,
aRTeeably 10 the provisions OF the act OF
the Legislative Assembly Of said Dis
trict entitled IAN act 10 create
Commissioners OF The Sinking Fund, and 70
prescribe their duties" approved August
nineteen, eighteen hundred aud seventy-ono,
taking their receipt therefor and correct ac-
counts thereof shall be kept by said COM
mlsslOners, and the funds 80 received BY them
shall be- applied 70 the extlngulshment OF the
existing Indebtedness of the corporation oil
Georgetown. That, upon tho surrender 70
him Of any evidence OF Indebtedness. now In
their possession, the Governor OF tho District
Of Columbia Ia hereby authorized 10 Issue, or
cause to DO Issued, scrip recitlng tho amount
of Indebtedness TO the person who may hold
Claims Against inc city OF IoofBetoNni tnc
said certificates shall be issued and signed by
the Comptroller and Auditor OF the District
for and on behalf Of the said city Of George
town, and shall bear interest from the FIRST
day Of June, eighteen hundred and seventy
one, at the rate of seven per centum per an-
mum, aud DO payable on or before July first
eighteen hundred aud aeYcntysthree, In de-
nominations Of fifty dollars, one hundred dol,
lars, Ave hundred dollars, and one thousand
dollars, from the date Of their Issue, and upon
the payment Of the certificates they shall be
surrendered, and be cancelled under The d.
rection Of the Governor, In the mode ID
which he may prescribe. The Auditor and
Comptroller shall keep an account OF all
claims or demands for certificates, and Q
statement Of the scrip which may be de-
manded or desired shah be presented by
them To the Register, and upon such state
ment and In accordance thcrowthi tne seIlp
provided for In this section shall be issued by
the Register, and in addition thereto they
shah submit annually TO the Legislature and
the Commissioners of the Sinking Fund q
statement Of the number and amount Of Tho
scTlp certificates which may be applied iol
aud issued, and the fund on account Of which
the Issue may be made. That the hpecia
taxes hereby authorized 10 be assessed and
collected shall be made payable under tn
direction Of the Governor, on or before me
frst day Of July, eighteen Hundred and sew
enty-thTee, and that a discount at tho rate o
one per eentum per month shall be ailoTe'
for tho prompt payment on each dollar
either In cash or on scrip certificates TO tn
amount OF one-thlrd Of said tax; and that al
sums due the late corporation OF Georgetown
uncollected from any source on the hrst da.
of June, eighteen hundred and seyenty-one
and since collected, a well ~ those whlel
may hereafter he collected, shall DO tuTne'
over TO the Commissioners Of the Sinking
Fund 10 be applied 10 tho payment OF TIT
principal or the interest thereon OF indebted
ness Of said corporation, and Of the nudlte'
claims or fractional balances of audited claim
less in amount than fifty dollars, except sucl
AS may, In any manner, have been, since
said period, applied or used for the paymen
of my Just claims Of said corporation. Tha
the Commissioners Of the Sinking Fund shal
dispose Of all assets which may come Int
their hands, for the payment OF the debts
said corporations, except such sum or sum
Us may be required for the necessary ca
penses Of said commission.
Sec. 4. And be u further enacted That ]
at any time II shall appear, from the book
of the Collector and Comptroller, that the o.
istlng government OF the District Of Columbl
has received, or may have In It's possession
any fund or funds belonging to the city
Georgetown, Q statement thereof shall Z
made to the Governor, and thereupon n
QUESTION shall be made as required by Law
aud the said amount shall DO paid 10 sal
Commissioners out Of the taxes Of said Dbl
trlct, and q settlement OF any and all account
between said city Of Georgetown and the Dl
trict government, shall be made by said con
mission and the Comptroller Of the Dlstrlc
and thereafter DO In all respects binding q
said city and said District.
Sec. 5. And Dc Il further endctfd, That,
order that the Indebtedness OF said city sha
no lluuldated and settled with the least pos
BILE delay, the Governor Is hereby authorize
10 anticipate the revenue from the taN'
hereby levied, TO an amount sufficient 10 50
isiy any or all of the floating Indebtedness
said city. lrrrr NV
Sec. o. And be Il Further enacted That
the amount collected from taxes IN any OF
year, under any provisions OF this act sha
exceed the amount required 10 pay the into
est and redeem the principal Of any one ella
of bonds Of the city of Georgetown, or 9TH
form nf Indebtedness, the excess may be al
piled by said commissioners, at their di scr
ton, To the purchase and redemption Of sou
. other form Of Indebtedness against said cit
Sec. Z. And be u Further enacted, That sa
commissioners shall pay, out OF the gener