The New York herald., 1876-02-03
GUY REFORM.

IMPORTANT BILL RELATING TO OUR LOCAL
GOVERNMENT ELIMINATION OF DEBT-PRo-
VISIONS FOR THE PAYMENT AND REDUCTION
OF THE PERMANENT AND TEMPORARY CITY
DEBT.
The following is synopsis OF an important bill In
troduced in the Senate yesterday by Mr. Woodin:-
SECTION -Transfes all the legislative powers heretofore
conferred on Office board or department o the CITY TO
SEc 2-A ordinan resolutions must he apprcvedby
the Mayor OF passed over his veto Sy ounih y0.e hs
pendure OF money shall require iourhths vote oil the
SKc All ordinances imposing must be pc
toned by least oneourth Of the owners OF the front
for not 70 be repaid BY must he
having charge Of the execution of the matter to which
SIC 5-imts the expenditure on work involving
mens TO 81 yesr until the present temporary deo
such debt shah be allowed beyond the maximum sum of
SRc e-PrOvides for the immediate separation from
the temporary debt Of all that portion for which the city
the ctyis portion be added the permanent debt
Limits the expenditures Tor works not covered by
SIC s-Reques ali work Of the description herenbefore
referred 10 10 be performed by contract
Requre bids be opened in the presence Of the
sEo io~Provides tha. all work given the lowest
bidder request Of the head fthe department.
bid SS 5e "S secsed he interest Of the city
sEo llProvides in case Of the rejection Of the lowest
ment and the reletting OF the work
the shS amount SSs & and The co@pcer
refuse indorse such additional appropriation upon
i4-Doe with all speculative bids by precludng
sbeSe Se total the for his work and BY
prohibit n the m Ss f & Sn extra s SSs SR sevoDd
Of the certified appropriation and that no Judgment
SIC. I6-Nakes il misdemeanor punishable with fine
aud Imprisonment, for any oeer or empeye OF the city to
sEo IL Provides that all inspectors and superinendeni
Sere"es and makes Il risdeeanor Tor them 70 neglect
attendance daily AZ the works ~ ...-
shall have claim against the city for any
% i1s p hs ~Ss over Witch he sd
sic eMakes the Board Of Assessors % consist Of three
aud provides Tor the speedy payment AND eoeeon OF
SIC Chanecs the present Board Of Revision and Cor
rectou from the Comptroller. Recorder and Corporation
Counsel 70 the President and Commissioners Of the Depart
Board Al The powers Of the old Board
Board for Revision and Correction of Assessments shall
pare an adjusted case containing authorized statement q
Term oi the supreme Court whose decision shall be hna
and not suelee. g appeal OF review.
SIC 2s-frohiets any action proceeding At law or in
, ssry . al ~ssesaeht $50 a OF remove nen on the n
subsequent revision By the Board Cor Revision
sEo Glves the BOARD Of Stree, Opening and Improve.
~ ctS r ,egs-s a. snrb 49, u W =,
they over the streets e,w Fy street.
by surveyor and All drawings Of pan maps 6c are 20
openings in which il has been held that she taxation Of costs
BY conclusive against the city and preelude
70 come defend all sneh their merits despite
such taxation without invAldatug In any
an Ade imposed and confirmed in such pro
S 4-Rrtends the sinking fund fr the redemption u
the city the whole city and pledges 80 the in aud
hnal redemption Of all said bonds and stocks.
2s-Provides that whole amount OF the surplus
sinking fund for payment of interest She city debt
shah hereafter into the SINKING iand or we redemption
of the =.
sEc 26-Provfdes that All and revenues Of the
general fnnd and of excise license collected city
shall 10 INTO the suKng fund for the redemption Of tie city
debt
SKc 27-Deeinrcs contract between the city and rs
creditors mold the sinking fund for the epon o e
city debt sacred 20 that purpose until tho said debt Is u
4 paid and redeemed 1.
$40. 2s-Providcs Tor the payment on maturity OF AT
bonds and stocks Of the city and prohibits the postpone
and bridging " such payment.
Of department other crcyr oi TIC city from the pro
4 annual Taxation.