The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-01-24
care in City Council assembled, and by the author.

in City Council assembled, and by the author.
ity of the same:
SECTION i. That every year, in the annual
appropriations for the purposes of the city
government, and to establish Inc rate OF taxes,
appropriated for the redemption Of city stocks
| and bonds.
SEC. 2. That annually, In December, from
the first to the twentieth day of the said
month Inclusive, the city treasurer snail ad-
Verlise for the lowest offers 10 city stock or
bonds ior redemption, preisrrlng lnose WHICH WHICH
have the shortest time 10 run, or are nearest
maturity, and shall, on or before the first of
January following, redeem the lowest offered
to the amount oil the appropriation aforesaid.
| SEC. 3. Thai for all city stock which Is now
registered and shall hereafter fall due, and
winch shall remain unredeeped py tne re- re,
spectlve annual appropriations aforesaid, tne
city treasurer. with the consent aud under the
supervision of the committee OF ways and
means, and by the signature of the Mayor and
the seal OF the city, shall Issue, at par siX per
cent. coupon bonds of thirty years, interest
payable semi-annually in New York, ana WIN
the proviso that said bonds shall forever be
exempt from direct city taxation, and shall be
entllleA in the same manner as the ciIy stock
| to participate in the annual offers for redemp-
| tion.
SEC. 4. That all ordinances and parts Of or
diuauces repuguant to the above are hereby
| repealed.
The bill for the storage of gunpowder was
next read for the second and third time, and
ordered 10 be engrossed for ratification. 1t
forblds the storage Of gunpowder within The
| limits Of the city excepting In small quantities
as now allowed by law. and provides for the
| election Of keeper, who shall reside and take
| charge of The City Powder Magazine, to re-
| ccive for storage and deliver powder. The
charges for Storage are, one cent per pound
on the powder, and the keeper Is to receive
as his compensation forty cents out OF every
dollar collected for storage, with free use of
the residence and building. He is subject 10
removal by the Mayor, and has to give bonds,
with surelies, in the sum of $4,000.
On motion of Alderman Sweegan, the cleo
tion of keeper was fixed for the next regu-
lar meeting.
The following bill next received Its second
and third reading, and was ordered to be en-
crossed for ratification:
BILL TO AMEND AN ORDINANCE ENTITLED IAN
ORDINANCE TO AID IN REBUILDING THE BURNT
DISTRICTS AND WASTE PLACES OF THE CITY
OF CHARLESTON RATIFIED THE 2sTH AUGUST,
1885,
Be IL ordained by The Mayor and Aldermen
in City Council assembled:
SECTION l. That In that part of section 2,
clause 3, of IAN ordinance to aid In rebuild.
Ing the Burnt Districts and waste places of
the City OF Charleston" where 1t reads,
! .wherenpon the said committee shall ascer-
tain and report whether the same has been ap-
plsed as aforesaid" the following words be In.
serted after the worl ''as2erluin," TO Wit,
through an actual survey and estimate OF the
city engineer, who shall make written re.
turn to The committee aforesaid, for which he
shall be paid by the borrower a fee OF two do!.
lars, 80 that The said clause shall now read
as fellows: "Whereupon the said committee
shall ascertain through an actual survey and
estimate OF the city engineer, who shall make
written return TO The committee Aforesaid,
for which he shall be paid BY the borrower u
lee of two dollara," and repo whether the
same has been applied as Aforesaid.
SEC. 2. That In all additional loans, further
actual survey and estimate by the city engn-
eer and his return In writing snail oe requlr-
ed by said committee, for which service, the
borrower shall In each case pay to the SAID
engineer fee OF two dollars.
SEC. 3. All ordinances and parts OF ordl-
nances conflicting with the above, are hereby
repealed.
Alderman o'Neill offered the following,
which was adopted:
Whereas, The borrowers of fire loan bonds
have heretofore had 10 submit 10 loss Oh
thirty per cent. on all loans effected, much re-
tarding and impeding objects contemplated In
their issue: and whereas, this Council has lne
privilege of Issuing city bills of the demo nina
lions OF one, two and three dollars, 10 be re-
ceived In payment of all dues to the city:
Resolued, That 1t be referred to the joint
committees on fire loan aud ways and means
10 report to our next regular meeting the ex-
pediency Of Issuing bills, To The extent OF Sou
600, IN lieu OF bonds, 10 borrowers, giving
them The option. Adopted.
The Mayor proposed the following five
names as board of equallzation: A. L. To-
bias, R. E. Dereef, ]. II. Devereux, VIM.
McKlnlay, G. W. seignlous.
On motion of Alderman Simonds the name
of E. w. Marshall vas added to the number.
The Mayor stated that the RcV. A. 7. Por-
ter had consented to have an alarm bell erect
ed upon his building, and that 1t would cost
SIPS, with small remuneration to some one
to ring it on the occasion of alarms.
The following aldermen were substituted in
the place Of Alderman Garden on the standing
committees On vacant offices and Journals,
Alderman Glover; on lighting the city, Alder
man Michaels; on Artesan well, Alderman
Moran; on the Fire Department., Alderman
Garrett.
CITY TREAsURER.
The election for city treasurer was held
and resulted at the first ballot In the election
of P. ]. Coogan by vote Of ten, against eight