The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-05-18
PROPERTY HOLDERS UNION.

ing OF NC 18TH, III leDhHlb SuDmlbgsu
q report asked by the property holders
Of Coushatta in relation to the school
fund Of He'd River parish. The report
embodies an official account from the
State Auditor showing tho amounts
drawn for the schools Of that parish ms
follows For tho years 1879. 1879. 1874.
1875. the aggregate being $it.O27. 1t
was ordered that transcript should DO
forwarded to Cousbatta.
On motion of Mr.. Seaman, u vote OF
thanks was rendered to Messrs, Forman,
Eustis aud Ogden, for their services in
eontesting the enforcemento Of oct No. 30.
wharf EoNps.
Or. Tebault offered tho following reso-
luton
Whereas. the wharf bonds. from all
present Information, appear To have
been issued without legislative OF other
authority therefore.
ResOlred. That a committee of three
be appointed by the chair. whose duty
shall be to visit Administrator Pills
bury and obtain from him the authority,
ii any. fol the ISSUE Of this series ~
bonds.
\
TRAITOR Pilsbury should be unable to
produce any legal authority for the issue
Of the said bonds. that this committee
be authorized 10 extend their visit to
the Chief Magistrate. the Mayor Of this
city. aud in the name of tho poverty
stricken people and The property hold
ers. protest against giving away our
wharvee. during u term OF years. FOR nn
illegal and unwaranted issue OF bonds.
traroHnsrsr MONEY
nv Mr. kountz.
ResOIrcd That tho commiitee appoint
ed to obtain aud publish official iufor-
nation rs ~ the amount of property
sold for back taxes. and especially the
names Of those engaged in buying up
such property. be instructed to inquire
whether any Of the officials Of the New
Orleans Gustomhouse have been directly
OF indirectly engaged in the purchase
of property sold for delinquent taxes.
and il such be the case report the same
to the Congressional committee ap-
pointed f. investigate the Customhouse
1T New Orleans. which Is expected to
arrive in the city during this week.
Mr.. Kountz said that IT was n notori-
olIs fact that there were three parties
very actively engaged in buying prop
erty ut tax sales. and IT. was generally
believed TINT they were furnished with
money by Customhouse officials for this
purpose
The resolution was adopted and u
committee designated to carry out It's
provisions.
RAILROAD BONDS OF 1854.
w Or. Tebault.
Whereas. in ~ recent suit. on applica-
ton for mandamus in behalf of Messrs.
w. s. Peterkiu. Jas. Wodick, Morris
Ranger vs.. Mayor. and being repre-
snnted by Semnes II Mott. Clark. hyne
a. Renshnw Labat. Aroni Il Clinton and
II. u. Kelly. legal gentlemen Of high
reputation before the bar. In order to
compel this city to levy tax to pay the
principal Of series of bonds Issued in
1854
Aud whereas. In the decision render.
cd by Judge Billings. before whom this
case was tried. the following language
was employed. But among tho statutes
of the State with reference to the city Of
Now Orleans. and among the general
statutes Of the State, are found acts that
give the absence ofany particular means
Of payment in a city ordinance creating
n debt special significance. The acts
Of 1852, No. 81, entitled an act to con.
solidpte tho city Of New Orleans and
provide for the government etc. sec
ton 81, page 81, contains the following
provision And no ordinance (of the
city Of New Orleansl creating debt or
loan shall be valid. unless for some
single object or work distinctly spccifed
therein, and unless such ordinance shall
provide ways and means for the pune
tual payment of running interest during
the whole time for which said debt or
loan shall be contracted. and for the
full and punctual discharge at maturity
OF the capital borrowed on the debt in
cured.
"The act OF 1861. No. $50. page 234,
provides that the police j,fries OF the
several parishes Of this State. and the
constituted authorities Of Incorporated
towns and cities I'm this State. shall not
hereafter hare pOrcr to contract nuU
debt or pecuninrv liability mithom .ftVv
prOriding in The ordinance creating me
debt The menns Of pnying me J'inripol
ana interest Of the dccbt 80 contractfd.
Now. since the general statute and tho
statute with reference t. the city Of
New Orleans struck with nulity all
obligations Of cities. unless the ordu-
ance creating the same fully pro
yided for the payment" therefore.
KesoIred. That innsrnuch as the rail
road series Of bonds, issued in 1854, are
stricken with pulity. in consequences
Of having been issued in violation of the
general statute Of this State. and of the
statute with reference to the city Of
New Orleans. that we are opposed to
their being funded IN the premium bond
scheme or acknowledged as an obliga-
ton Of this city VI any manner or form.
Rescircd. That copy Of these resolu
tions be rendered to all the papers Of
this city for publication In tho interest
OF the public. and that certified copy
of the same be transmitted to the
Mayor Of this city by the Secretary Of
this Central Council of the Property
Holders Union.
The next question which came up for
consideration was that adopting the
new constitution. which was discussed
during the remainder OF the session and