New Orleans Republican., 1872-09-18

~ a. Weed d Co, stationery Tor City Al
torney's office, $24.
Henry Hinck, bill Department of Public
Accounts, Sl35.
New Orleans Times, advertising taxes
and sale of wharf bonds, Department OF FL
nance, S27 IS.
John S. Walton, Administrator OF Fl
nance, cash advanced for law charges, as
costs and deposits for appeals, SI7o.
Passed two readings.
Mr. Shaw brought up claims of J. M
Larousse Ordinance No. 1854, $1,000, and
succession of H. Presburg Ordinance No.
1921, 1896 25, and desired to make them
special orders.
Objection being made the matter was
referred to committee OF the whole.
By Mr.. Shaw:
DEPARTMENT OF PUBLIC ACCOUNTS,
September 10, 1872. )
To the City Council of New Orleans:
Mrs. A. r. Won Wagner, was the owner
Of six ten per cent bonds, letter P, of $50
each, bearing the numbers l45l, 1899, 1890,
1891, 1892 and 1889.
The bonds being missing under Circum-
stances leading to the conclusion that they
had been stolen from her, she advertised to
that effect.
Notwithstanding the notices, the coupons
due on the first Of April, 1872, have been
paid to some holder unknown.
1t is not with the idea of attaching blame
anywhere that this matter is brought be-
fore the Council, for in a heavy coupon pay
ment, sometimes necessarily hurried, and
to throng of persons, it is difficult to in
stitute a proper check. But inasmuch as it
may become question whether the city is
not held, | suggest an ordinance on the
subject.
Several applications or inquiries have
been made relative to interest on the war
rants outstanding for new consolidated
bonds.
The printing of these bonds in New York
has been suspended or delayed on ac
count of the London negotiation. But
the holders of warrants in the proper sum
are in fact entitled to demand bonds in kind
as warranted for.
The warrants call for the allowance of
interest in currency in July l, 1879, and
after that in gold or its equivalent, but did
not fix quarterly payment, their early
exchange for bonds being contemplated
4 respectfully suggest that a due pro-
vision should be made for them, and that
small holders should not be, as it were, CO.
creed to sell or transfer them by having to
take or club together for bonds of large
size. or having to wait for interest till their
warrants are converted. / therefore also
append an ordinance on that subject.
ALFRED SHAW, Administrator.
An ordinance concerning the payment Of
interest coupons.
SECTION /. Be it ordained by the
Council of the city of New Orleans,
That hereafter in the payment of
interest coupons, the fiscal agency be
required and directed to prepare a re-
ceipt, denoting the numbers of coupons pre-
oil v1Thi oh cbo he 81 hy-+ +ho hp1
giving his place of residence, with the par
tiGular locality if in the city of New Or
leans; and if he draws for another, the
name and place of residence Of said princi-
pal, in like manner.
SEC 2. Be it further ordained, etc., That
upon being notified by any owner of lost
Or stolen bond of any issue, or upon the
same coming to his knowledge in any man
ner, the Administrator of Finance shall post
a notice thereof in his department, and com
the same officially to the Fiscal
Agent and the commissioners of the consoli-
dated dc BIT; and should such losses so mott
lied be large, or there be several numbers,
ae shall combine them in a printed circular,
to be distributed to the usual places Of deal
ng therein, according to his best discretion
md judgment; and the fiscal agency shall
'efuse to pay the coupons thereon until at
5er investigation.
Passed two readings.
An ordinance relative to interest on war
rants for new consolidated bonds, general |
series.
SECTION ?. Be it ordained by the Council |
# the city of New Orleans That the neoo
ssary amount be and the same is hereby |
appropriated for the payment of interest |
n warrants for new consolidated bonds, to
Wit: In currency for interest due to July l.
S729 and in gold, or its equivalent, to Oc.
ober ], 1872, and thereafter quarterly until
conversion.
SEC. .. Be it further ordained ETC., That
he Administrator of Public Accounts be
to issue his warrants on the Ad-
Illustrator of Finance in required amounts
herefOr, in favor of the fiscal agency, which
hall take charge Of such payments of ino
crest. Tie bearer of the certificate
hall give a receipt to the fiscal agency for
lterest so paid, with his name and resi-.
ence, and the name and residence Of his
rincipal, if he act for another. And the
iscal Agent shall adopt, by uniform sys-
I'm, punch or cancellation for each quar-
# paid together with the words, Interest
aid up to -, l87-," with blank duly
lied and signed in writing by a duly au.
lorized person for the fiscal agency.
Passed two readings
BY NE. Cockren:
n ordinance to readjust certain items of
appropriations in the current budget
Be it ordained by the Council of the city
New Orleans, That the following sums be
I'd are hereby transferred from the unex-
,nded balances of appropriations in the
lrrent budget to such items Of approprio
ion as are exhausted:
INCREASE
rainage, general service. ..o..s..o $69,OO0
emeteries, general service. ....... I,400
epairs, other public buildings.... $4,000
Iblic sinks general service. ..... 1000
sane Asylum general service.... 1880
flee expenses, City Attorney..... 200
3neTral service, Boys House Of
Refuge ..e.o.....o....... I0,500
fce expenses, Department of Imo
provenents.. ...s............... $500