The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-30
CITY TAX RECEIPTS IN MARCH.

Hon. r. pl!Sburv, AdmlniStTa'oi ~
in a report which should have appeared IN
the proceedings of April g. but was inadver-
tently omitted, gives the collections OF taxes
in detail for the month of March, amounting
to SG4O,321.
The taxes Of 1873 and previous years gave
s:72O2 ont of the 1902 l3s which was due
and unpaid February q, 1875, as per his re-
port of March 2. This payment is at the rate
of $3.50. i2l per annum, and if continued
would be completed in four years and four
months from April |, 1919.
The taxes of 1874 were paid to the amount
of SsO556. OF these taxes there was Unpaid
February u. 1875, S1,2li,GG7. At this rate
the taxes of 1874 would be paid in fifteen
months, or before toe LIST July, 1876. The
taxes of 1874 are collected in cash while the
scrip Of 1871 accounts adjusted by ordinance
are receivable ia part settlement of the taxes
of 1873 and former years.
part Of the above given receipts for 1913,
etc, $57, 2O2 represents the settled indebted
ness of 1874, iessening the amount OF the
same. and Of course increasing the city $
ability TO pay the balance in cash, over the
counter OF the Treasurer. This scrip is now
quoted at about forty or torsy-one cents IN
in the dollar BY buying it the debtor for
taxes of 1873 and previous years who is about
to settle may save nearly fifty per cent or
the amount of his bill. If he owes tax
bill Of $500 he will pay $50 in cash and
$3.50 ia scrip, the latter costing only about
SlO2, or Sl52 for the entire bill, saving
of nearly one-third. Brokers who make it
part OF their business to buy scrip and pay
tax bills are OF course entitled an allowance
for their trouble, the use of their money and
the risk resulting from the fluctuations in the
market value Of scrip. For the information
Of those who intend to settle their old tax
bills we will state that after the month Of May
scrip will no longer be received in payment
of any taxes due to the city, unless the
Council see fit to extend the time.
The tax bills Of 1875, settled in March,
amount to $500, 7G2. on which discount was
allowed of Sl3,O77. The taxes of 1879 amount
as per budget of December 30, to So 9S2, 1872.
At this rate the whole would be paid before
the first October, but the probability is that
very large proportion will remain at that date
unpaid.
or the March collections S2l6, $50 was from
the city debt tax, and is appropriated to the
paymen. Of interest on tho various bonds OF
fhs city, which amount to S22,2iG, $50,
calling for interest to the amount Of 81, 49,,
600 The March receipts for payment Of in
terest on city debts is nearly one-seventh OF
what Will be required for that purpose fo- the
year.
OF the same collections Sl02, 5G3 was from
the city current expenses tax, and will be ap-
piled to the payment Of salaries, wages, ma
terials, etc.
The Metropolitan Police Tax yielded $685.
s26, which has been paid out to the State mi
litia under Kellogg, for doing duty as patrol
men of the city. The Park Tax produced
S2A, 1913 and the School Tax S50,276.
As only one month remains for settling tax
bills in scrip. we again publish the ordinance
relating thereto, for the information Of tax
debtors, as follows:
MAYoRALIY or NEW ORLEANS,
City Hall, February II, 1915.
mo- 2995-Administration Series
An Ordinance relative to the payment Of back
taxes inclusive of the year 1873
Be It ordained, That until the LIST day Of
June. 1875, payment Of city taxes may be
made as follows;
Taxes of 1860 to 1870 inclusive, entirely in
scrip, including interest on tax bills, and
cost advanced by city.
Taxes Of 1871, entirely in scrip. and for in
terest on tax bills. and costs advanced by
citv, one half in cash, balance in scrip.
Taxes Of 1873 fifty cents per 500 in cash;
balance 50 80 per 500, in scrip, and for the
interest on tax bills, and costs advanced by
city, one hal: in cash and one-half in scrip.
BE il further ordained, That by the word
.scrip," Us used in this ordinance, is meant
registered Judgments certificates of appro-
priation, tax warrants city money, jury GER
ti6cates, coroner's certificates, tax excess GER
titicates, claims provided for by ordinance, to
1874 inclusive, with right Of transfer
BE il further o,duinel. That under no Cir
cumstances will the terms Of this ordinhn
be extended beyond the period fixed. and all
taxes unpaid on the first day of June, 1870.
will be payable in cash, exclusively.
BE IL further ordained. That ordinance NJ.
2725. Administration series, adopted April II.
1874, and ordinance No 1915. Admnistra ion
series. adopted December 20. 1874, be ana
the same are hereby repealed.
Adopted by the Council of the city OF New
Orleans February Ii. 1875.
CHARLES J. LEEDS. Mayor.
A true copy:
j. II. HARDY, Secretary.