The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-20

BACK CITY TAXES AND SCRIP.

|
The city taxes of 1874 and preceding years,
unpaid January l, 1875, amounted to 81, 337,
7S9. Of this sum there was collected in Jan
uary SO, 3lS, and in February SlOS, 444, leav-
ing March | 1896 SOC. At this rate it will
require about forty-tive months to collect
what remains unpaid. The taxes Of 1874 col
lected in January and February, amounted to
sl3S S53, leaving unpaid Of the same 1,2li,-
6G7, at which rate the whole would be paid in
about eighteen months. The city's expenses
for the last six months of 1874 remain IN
paid, and even a considerable proper
ton Of those Of June Of that year, although
appropriations tor the same were made from
month to month. These adjusted expenses
| am cunt to more than a million dollars, and
to meet them it will be necessary to collect
| three-tourtl of the taxes of 1874 which
remained unpaid January /, 1915, 81 1868, 422
Some portion of the unpaid claims expenses
OF 1914 will be absorbed in the payment Of
the taxes OF 1873 and preceding years The
amount liable to be so absorbed can only be
corJectured. 1t will depend upon the dispo-
sition and ability Of tax debtors to settle for
back taxes. Claims against the city for un-
pad appropriations OF 1874 are receivable by
transfer IN payment of taxes to 1874 not
mel uslye. 1t seems probable, therefore, that
all such claims of 1874 will either be absorbed
in payment of back taxes or else be paid in |
cash
The latest ordinance NO. 29g5) respecting
the payment Of taxes in scrip, will expire
June ], 1879. For the information OF tax
payers we republish it, as follows:
M.YoEALrY OF NEW ORLEANS.
City Hail. Feb II, 1875.
~. 299j Administration Series
An ordinance relative to the payment 81 back
taxes inclusive Of the year 1873.
he u orddoed, That until the first day of
June, 1879, payment of city taxes may be
made as follows:
Taxes Of 1860 to 1870 inclusive, entirely in
scrip, including interest on tax bills and costs
by city.
Taxes of 1871, entirely in scrip and for in
lerest on tax bills, and costs advanced by city,
)ne-half in cash, balance in scrip
Taxes OF 1873, fifty cents per 500 in cash ,
balance s. Do per 500, in scrip, and for the
interest on tax bills, and costs advanced by t
he further ordataed, That by the word =,
scrip, as used in this ordinance, is meant
registered judgments, certificates of appropri- 4
tlon, tax warrants, city money, Jury certifi- l.
ates, coroners certificates, tax excess certf- te
ates, claims provided for by ordinance. to J,
67l inclusive, with right of transfer :
Be u fhfther 0rt0inei That under no cir Q
umstances will the terms Of this ordinance b
20 extended beyond the period fixed, and ali "a
Y aC lct A., |
7ill be payable in cash, exclusively. :
BE i further ordoined That ordinance No.
~ Administration series, adopted April q, 1e
S71, and ordinance No. 2915. Administration nj
cries, adopted December %, 1874 be and the N
anne are hereby repealed W
Adopted by the Council of the city of New e.
rleans, February Is, 1875. pt
CHARLES J. LEEDS Mayor w
A true copy: pl
j. IL. HANDY, Secretary III
In addition to the scrip or transferable evil /;
ances of debt due by the city above de- ge
ribbed the holders of city bonds have in pos br
Sslon past due unpaid interest coupons of ~
ecember January and February amounting 4,
arch /, 1879, to about 100000 Cannot the TO,
'uncil receive these coupons in lieu of cash GU
r the tan assessed and due for the payment
interest on the city bonds? These coupons IL
present an adjusted deb. of the city which We
e laws require to be paid in cash. and are Al
ereiore equivalent to cash when paid into e, e
city treasury. 1t certainly seems adj wa
sable to receive these coupons for the city to
bit tax of ls74 nor does there appear to be
y objection to receiving such coupons as -
present this years interest in payment OF vi
$ year interest tax.