Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-06-11
oon,nrr.a h ~ 9pa aaDrrd n Aldermen, May i.


Adopted by Board of Aldermen, ynne5, 1877.
lS7a. 37 fHI ai.. .i. l,na.g
MENPHIs. TRIM. June 5, 1877. }
! To the Honorable General Council:
! GENriEMES--In compliance with resolution
passed by your honorable body, the under
ss S0n Sm IKE bssSo Bank oa
4 signed and two boxes Of unsigned green
back scrip.' and that they have burned the
same as called for by your resolution.
80 JOHN JOHNSON, Mayor.
l. rrf IF q SCHAFER, Comptroller. d
BIZ WHITE. in,
Chairman Of Finance Committee.
NJ BURKE, Aid Sth ward
a MACKALL. .1 .r
JAMES + SCHABEL,
Chairman Committee Common Council.
/ $50 IltI JOHN l. NORTON.
uree. JACOB STEINKUHL.
| 5 B Robbins.
Adopted by Board Of Aldermen, June 8,
Report coneurred in by Common Council,
The petition Of sundry insurance companies,
merchants, etc.. in relation to the lately passed
City Tax ordinance. praying for an amend
Referred BY Board of Aldermen to their Fl
nance Committee, May !. 1872.
Referred BY Council to their Finance Com
| mittee, May |, 1877. u :,
Committee on Ways and Means report BY ord
nance herewith attached Of this date. June D.
1872.
BE II ordained by the General Council of the
City of Memphis. That paragraph IS of sec
i tiOn u of - An ordinance regulating taxation
in the city of Memphis. approved April u.
! 1877, be amended SO as TO read. and TO be IN
/ lieu thereof, as follows:
.. From each and every marine. fire. life,
or accident insurance company excepting
those having home office in the city of . en-
| phis and assessed upon their capital seookl
having an office in the city for the purpose of
transaeting its business or represented in the
city BY any agent. broker or solicitor for the
purpose of transacting business, or renewing
or continuing in force any business heretofore
transacted through agents, brokers or solicit
tors at Memphis, annually. in advance, $500
and two per cent. on the gross premiums,
whether note or cash and whether renewals or
! first premiums, ON all business transacted for
said companies through their agents. brokers
OF solicitors. in the city of Memphis said per
eentage tax 10 be paid quarterly on sworn re-
ports TO be made by such agents. brokers or
solicitors, at the end of every three months.
Passed first reading. rules suspended, and
ordinance passed 4 second and final reading
per requirement Of the 18th section OF the city
charter.
pended per requirement Of charter. and passed
a second and final reading by Council.
Approved June Z, lSIl.
. n.
BY Councilman Norton:
The petition of ]. b. Briggs and wife, pur
ehasers in April. 1870, from the Bank of Ten
nessee Of let No. 3. block No. t9, 10 feet front
on Vance street, by 800 feet in depth. ETC.,
stating that he in his own wrong had paid the
city tax thereon for 1868. 1863 and 1870,
amounting TO S3ig 60, praying TO have the
Referred by Council to their Finance Com
mittee, May i, 1872.
Referred by Board of Aldermen to their FL
nance Committee, May i, 1872.
Your joint Council and Board Of Aldermen
Committee on Ways and Means report unfa-
F. WHITE. JR.,
Chairman Board Of Aldermen Committee.
JAMES Il. SCHABEL,
Chairman Common Council Committee.
Adopted by Board Of Aldermen. June 8.
Goneurred in by Board of Councilman, June
Your Joint Finance and Ways and Means
Committee on the account Of DR.. J. Ii Nut
tall for SIS report adversely. June 5, 1872.
Report adopted by Board Of Aldermen, June
5, 1872.
Adopted by Council. juno 5. 1872.
Your joint Finance Ways and Means Com
mittee submit herewith in conformity u EesO-
luton passed at last regular meeting, a plan
Of sinking fund for retiring the bonded debt OF
the city, vita tabular statement showing its
operation, and an ordinance for carrying the
same into effect imH1diately.
B +. WHITE, JR.,
Chairman Board Of AldsEmsn Con mite,
Chairman Common Council Committee.
AN ORDINANCE a4 .rd 4
To establish permanent sinking fund for the
payment of the bonded debt of the city of
Memphis. gN.
Be i ordained BY the General Council of the
city Of Memphis: $40 ,Ima
Section /. That there shall each year, be-
mir he frrfy
sI872) at the same time and in the same man |
ner that other taxes are laid and collected, be
laid and collected a special tax of twenty cents
on each one hundred dollars worth of taxable
property in the city Of Memphis, for the sole
and special purpose of creating sinking fund
to be used only in retiring the bonds Of the
city.
Sec. 2. That the said tax shall be collected
in money, and shall be kept separate and dis
tinct from all other taxes, and separate ac-
eount thereof shall be kept BY the. Tax Collec-
tor and no part thereof shall be used or padover
except in the manner hereinafter prescribed.
See. 3. Immediately after the passage and
approval Of this ordinance, il shall be the duty
Of the Mayor. by and with the consent of the
General Council, TO appoint three sinking
ces respectively for the term Of three years and
until their successors are appointed and quail
fed; pTerided. that the sinking fund commits
aiOneTs FIRST appointed under this Ordinance
shall hold their Office respectively for the term
Of one. two and three years, and until their
successors are appointed and qualified. And
as soon after the appointment Of the commits |
siOnors first 10 be appointed under this Ordi-
nance, - may be convenient, they shall assem- |
Bile and organize, and shall thereupon deter
mine by lot. In such manner as may be
agreed upon between them, which Of their 4
number shall go out Of Office at the end Of one
year, which at the end Of two years. and
which At ~ end Of three Year,, and each OF
the taid c0mmissiOners shall hold his othee
for the term that may be 40 Designated.
Vacancies in Office, occaEiOned by the ex-
piration Of the tern Of appointment, or in
BY aud with the consent Of the General Coun-
ell, 81 above provided.
See 4. Each Of the sinking fund com
missioners shall. before entering upon his
Office, take an oath faithfully 70 discharge the
duties Of the same and shall enter into bond
70 the city Of Memphis, with two or more good
aud sufficient securities, 10 be approved 81 by
the Mayor. the City Attorney and the Presi-
dents u the Board Of Aldermen and Common
Council In the penal sum Of so VoJ, eondl-
toned that be will faithfully keep, appropri-
ate and account for all the moneys and prop
erty that may come 10 his hands By virtue Of
his Office. according 70 the requirements Of
this ordinance, and will IL All other ts,Pe,eis
fund commissioner during the term Of his
Oihce. The said bond, with the approval Of
the same Endorsed thereon. shall be deposited
With The Comptroller and remain record Of
Zee. s.. Any sinking fund commissioner fail
/ Ing 70 comply with the provisions Of tn. erdi-
nance In any respect may be removed ifom
/ Once By vote Of the General Council, two,
/ thirds OF each branch asserting thereto, and
the Mayor apprgginF the removal.
See: o. The Tax Collector shall pay over
mpnlhly 20 the sinking fond commissioners
Al the taxes that may have been collected y
hsm n. during ne preseding month 90 aeese Gun.
| them duulinate Feceinfa therefor ene Of which