The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-04-14

them as indemnify against loss by rea-
son OF their endorsement Of the note of
John Alexander for that sum, executed
for the benefit OF the city of Columbia,
and discounted by the South Carolina
Bank and Trust Company, to enable the
SAID city to pay the judgment against
OF the Columbia Water Power Compun,
Inc following resolution. by Aide
man Taylor, was adopted:
Resotred, That the City Treasurer be
and is hereby instructed to deposit all
moneys collected from taxes in the bank
of the South Caroliun Bank aud Trust
Company, to the credit of special
fund, to meet the notes Of the City
Council given to tile bank in behalf OF
the Columbia Water Power Company.
Alderman Hoge asked of the Clerk
his opinion AS to paying out money
under the instructions of Council ~ last
meeting.
The Clerk replied. that he expected to
obey instructions. but that, In his opi.
nion, nj ordinance was not unuulled by
il resolution of Council.
Alderman Hoge stated that coupons
would not be received Us taxes
Alderman Thompson argued iu favor
Of taking them for taxes, aud Alderman
Carroll also urged the sumo.
On motion of Alderman Taylor, the
Council took Il recess until Thursday, at
7.3D o'clock L. NJ.
CHAS BARNUM, City Clerk.
Council CHAMBER.
COLUMBIA, S. c., Apri! .. 1874.
Council met ut Z 80 p. NJ. Present
Ills Honor the Mayor, aud Aldermen
Thompson, Lowndes, Mitchell, Carroll,
Hoge, Young, Taylor, Carr, Williams,
Griffin uud Cooper.
The Mayor stated that he had taken
up the coupons FROM the bank, and pre-.
sentcd them to the Council; also, pre-.
scntcd the report of the Carolina Ma.
tiou Bank as to the construction fund
account. which was as follows:
To tic Honorable John Alexander,
Mayor If Ciiy 9f Columbia. s C.-SlR:
Under Tie following (section s. agree
ment between this bunk aud the city Of
Columbia, viz: "Aud the said bunk fur
tier agrees to make to the City Council,
semi annually, on the first day Of Oc.
tober and April Of each year, a report of
tue amounts received fer rent, and the
amount aud condition Of The sinking
fund, and Of all amounts received ana
paid out for construction 0f the new
City Hall, aud Of oil amounts received
from the collection of taxes, aud the
amounts paid ont in interest coupons.
together with all other matters us NAV
BIZ necessary to inform the City Council
of the condition Of the said fund" we
have the honor to report that we have
not, 10 this date, received any rental
money from the new City Hall, us the
same has not Jet been finished, aud We
are not in possession under the above
mentioned contract. We have not,
therefore, yet opened sinking fund.
Account "A" accompanying. will ex-
plain the condition of the construction
fund. Account "B." accompanying.
| will expluin the condition of the inter.
est coupon fund. Total amount re-
caived on construction account from
March II. 1873. to April l, 1874, Sl5..
$3.50. Account paid to contractor,
SIS. .S52 %. Balance on hand. SI2.72
Amount received on interest coupon ac-
count from taxes from January Is. 1873.
to April l. 1874. $33, ,796. Amount from
loun, SS, 235.75 Total amount paid out
for interest. S42,03l.75. Respectfully
submitted. G. j. IREDELL, Cashier
| COLUMBIA, S O., April 9, 1874.
On motion Of Alderman Carroll, the
whole matter was referred TO the Com
mittee on Ways and Means.
The following. from Il. L. Berg, was
received, and referred to the Committee
on New City Hall:
COLUMBIA. S c., April .. 1874
10 lbs Honor tie .Muyor and .ihhan,..l
! IF CWy CouncN gf Co!uD,jiu GENTLE.
MEN: Finding it necessary to seek u
larger field Of usefulness to myself, in
tend shortly to leave this city un,, Stnte.
1t becomes, therefore. my dnty to re-
sign the Office entrusted to me-t!at Of
experimenting architect oi the new Ci,y
Hall. For the sake Of avoiding future
trouble aud litigation, it becomes ucc.s.
-ary that | should inform you officially,
and to you rs Il body. that, on cX.mn.
ing the plans and sections u1 the City
Hall, discovered that the construction
of til" City Hall had been s,ily, If not