The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1878-08-17

AN'hN'
The ordinance committee reported an
ordinance providing for the Issuing OF new
bonds, which was read at length by the
clerk first time and laid over under the rules,
viz:
ORDINANCE NO.
AN oRprxA NcE PROVIDING FoR THE ISSUING cF ss'0'-
900 20 NEW BONDS TO FUSD AND RETIRE ouTsTASp-
ING BONDS or THE CITY or CAIRO IN PURSUANCE or
AN ELECTION HELD oS THE 9Th DAY oF JUNE
A. D. 1873.
Whereas, under an act entitled IAN act 10 amend
an act entitled IAN act relating 10 county ana cry
debts and TO provide for the payment thereof ny
taxation In said counties and cities approved fcD.
rnary 10. 1855, and 10 amend the Utlc thcfeol'
approved and in force April g. 49, ana IN pursn-
ance Of an ordinance entitled an ordinance pro
Yiding for the holding Of special election and sub
mission of the question ofissuine bonds under the
act therein named" approved June 5th' lS's,
special election was held IN said city OF Cairo on
the eth day Of June, A. ID 1879 submitting 10 the
legal voters of sad city the question OF Issuing new
bonds as hereinafter provided; and whereas at such
election majority OF the votes cast were Tor issuing
the bonds a. In said ordinance and hereinafter also
specified Now. Therefore In pursuance OF the said
act and vote authorizing the Issuing OF sald bonds
Be it ordained by the city council OF the city OF
Cairo:
SECTION l. That under and in pursuance ofthe
net and vote aforesaid there sha be Issued by said
city Two Hundred and Seventy Thousand Dollars
ofnew bonds. Which new bonds shall consist Of
140 bonds. numbered 10 lp, OF the denomination
of 5000 each; 10 bonds numbered III To 3p OF the
denomination Of 500 each 80 bonds numbered 81
10 $40, OF the denomination OF 800 each: and 3p
bonds numbered 81 10 40 Of the denomination of
$50 each making total ofI40 bonds, al the aggre-
gate amount Of $4,000, being about 81 per cGntum
of the sum total OF all the outstanding bonds pro
posed to be retired All OF said new bonds TO bear
slate ofJuly J. 1873, and draw interest at the rate Of
six per centum per anhum from date until ipaid.
both principal and interest 10 be payable al the
First National Bank OF New York, In the City and
State OF New York, In senannual installments, on
the Let days OF January and July OF each year, after
date Of such bonds, and running through period
of 49,: years. follows, 20 wit: Eight equal semi
annual nstallments Of per cent OF the lace OF SAID
Dol de- for and during the fret four years; 30 equal
sem.annua instalmeIts OF per cent Of the face OF
said bonds for and during the next years and one
final instament OF the remainder Of principal and
interest Of said bonds al the end OF said 1874 years
each and all OF said instalments 10 be evidenced
by coupons TO be attached to said bonds. and pay
able only upon presentation and surrender Of such
coupons and said bonds 70 be also surrendered and
discharged upon payment Of said coupons for anal
lnstalmeuts,
SEC. . The said bonds in said first section
authorized shall be prepared by aud printed under
the direction Of the finance committee Of the city OF
Cairo, shall then be sgucd by the mayor and eoun.
tersigncd by the clerk Of said city and the seal Of
said city affixed thereto, and delivered over TO said
finance committee.
SEC. g. Said finance committee shall receive and
take charge Of said bonds. so signed, executed and
delivered az aforesaid, aud place the same for safe
keeping and for the purposes for which Issued with
rome responsible banking house or trust company
within the state Of Illinois with fnll power and au
thorty to use and deliver said bonds as shall from
time to time be ordered by said finance committee
for the purposes sprcificd IN said ordinance and
vote aforesaid, to wit: the sale thereof to raise
money to purchase or retire any or all outstanding
bonds or other Indebtedness OF laid city, or in
affecting exchange or funding OF ruch outstanding
bonds or Indebtedness.
SEC. 4 Said new bonds nor any of them nor the
proceeds thereof shall not be sold or used for any
purpose whatsoever other than for the purchase or
retiring Of or in exchange for the legal outstanding
bonds or other evidences Of Indebtedness Of said
City aforesaid.
Reported by
TiiOs. W HALLIDAY,
GEORGE YOCUM,
Ordnance Committee.
The committee on police, Jail and fire
department asked and were granted further
time to make report upon matters referred
10 said committee at last meeting.
The board Of health submitted report
containing resolutions relative to report of
physicians board of any cases of contagi-
Gus or infectious disease, and the disintec-
ton and fumigation Of boats before being
permitted to land, etc.
On motion of Alderman Thistlewood re-
port received, cUucuucd III and ordered
fled.
MISCELLANEOUS BUSINESS
The liquor bonds Of the following per.
sons were presented and read, viz:
Frank Gazola, John Schcels. Henry Has
enyager, j. B. Kelly. Mrs Margaret Walker.
q bonds and Vim. Klugc.
On motion of Alderman Lancaster. bonds
as read, approved.
Bids for putting sewer through Ohio
Levee near 38th street, were opened and
read, viz:
n.xander Fraser $50, Robert Baird
s945.
I'n motion of alderman Wood, referred to
committee on streets.
Bids for city printing were opened and
read viz
Cairo Bulletin Co. bidding for publishing
proceedings, TWO cents per me- ordinances,
notices, &C., three cents per line.
Evening sun bidding one and three
fourths cents per line for publishing pro-
ceedings, and three cents per line for ordi-
nances, notices &c.
On motion Of Alderman Rittenhousa, bids
rejected and ordinance committee instructed
toreport an amendment to ordinances admit
ting the publication of proceedings in
weekly newspapers.
On motion Of Alderman Foley, council
adjourned.
j, b. PHuMs
City Clerk.