New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-05-01
H. RinggOld, office rent ........ 30 90
f. Wonder HaaT, ofies rent. ..... 25 90
TOtal........,,..,,...,...... $5979 50
Passed two readings.

AOtai'' OBSERVATION-DISCLOSURES. S09I9 %
Passed two readings.
An ordinance to pay appropriation money
for the opening of Magnolia street.
Be it ordained by the Council of the city
Of New Orleans, That the following sum be
appropriated and paid, as per Judgment OF
the Fourth District Court, in suit No.
3O,O38, city of New Orleans praying for the
opening of Magnolia street:
John j. O'Hara, $l43 IS.
Read twice and referred to the Admins
traitor of Improvements.
administrator Walton in the chair
Mr.. Shaw called up an ordinance amended
to read as follows;
An ordinance to provide for the issue of
assessment bonds.
SECTION l. Be it ordained by the Council
of the city of New Orleans, That the Mayor
and Administrator of Finance cause to be
engraved and prepared for signature and
issue ten year street assessment bonds, in
accordance with section ten of act No. 4S
of 1871, approved March Is, 1871.
SEC. 2 Be it further ordained, etc, That
the said bonds shall be signed by the Mayor
and Administrator of Finance. They shall
be issued upon the warrant of the Admins.
traitor of Finance, who shall make to the
Department of Public Accounts a report of
the bonds issued, with a statement of the
coupons that may have been detached from
the bonds delivered upon the aforesaid
warrants, which coupons shall be stamped
mot issued" and posted IN their proper
places, in the books kept for that purpose
in the Department of Public Accounts. In
all settlements, allowance shall be made in
IA q hnlHnr nf SnPURUnF'1
tifcate for interest from its date, and in
favor of the city for the elapsed part of the
current coupon, if issued.
SEC. 3. Be it further ordained, etc, That
the Council shall, as soon as practicable af-
ter the beginning of each year, levy an as
sessment upon the property fronting each
street or streets improved, and upon which
payments will come due during the year.
computed at the full face of the bonds is
sued in payment of the same by the city,
sufficient to pay the annual interest and
Onet tenth of the principal in equal proper
ton according to the running front foot.
Such assessment shall be made by ordinance,
distinctly defining the limits, or the street
or parts of streets embraced in the paving
assessed for.
SEC. 4. Be it further ordained, ETC., That
at any time after the completion of the work
for which any property may be liable, the
amount and terms of assessments shall be
recorded in the mortgage Office, including
the whole ten years, with the date of the
Surveyors certificate, upon the completion
of the work fronting each property, from
which date the annually recurring pay
ments shall become due and exigible. And
on and after that date each year, in default
of payment, the Administrator of Finance
shall levy and collect upon the property in
question, according to law.
SEC. ). Be it further ordained, etc, That
on or at any time before the expiration of
each year, dating from the Surveyors certi-
hcate, the assessment may be paid in cash
at the face of the bonds issued in payment,
together with all interest that shall not
have been paid up to the date of settlement
of the assessments, deducting interest in
proportion for prepayment, or payment be-
fore the assessment is eXigible; but after
the same shall be exigible, payment can
only be accepted with expenses and costs
The record placed in the mortgage Office, in
addition to the date of falling due, shall
mention in detail the amount due each year
in nrnnnrtinn To the amount assnssnd-aav