Daily Republican., 1881-02-02

dscal concerns OF said city for. the pre-
| yious year, setting forth the whSas
amount Of the existing debt OF .ae 81!
by certificate, bond, note or o'ne'-
,ne rate and amount Of interest," Ps'u
and when payable, the purpose ",
which sash loan 10 created, the dAte VI
the ordinances under which eAen 'oAn
was issued, the amount issued; And
| the amount outstanding At the time OF
publicatiou, also the whole receip" Ol
the Treasury for the sane year, .he
sources from which derived, anu 'ns
amount received from each source AIo
the total payments made during 'ne
war on account Of the several appro'
priations. a. =, ,.;1
Chapter be and the same Is hefeoy
amended by striking out OF the ni''
line thereof the words "esriy IN NO
VEN ber" and in TIE seventh line 'ne
word "Noysm Der" and substituting ID
said lines the word "May," and py
striking ont OF the fourteenth line
thereof the word January" and In
sertiug in lieu thereof the words Ai'
stated meeting In June
Section 3, The fiscal year OF the
City Of Wilmington shall hereafter Dc
gin on the first day Of July, and the
time for making the annual approptA-
tions Is hereby changed IRON the hrSt
stated meeting in January TO the mrs,
stated meeting in JuLe. The snuuAi
estimates OF the probable revenue anu
expsuses Of the City for the enSa,pg
year, shall hereafter be made during
the month OF May instead OF in the
month OF November heretofore.
seetiou 4. As the taxes levied Tor
tbs year A. D. 1881 are not colleotaoIe
or made available until In the month
Of July in said year, in order to meet
the current expenses Of said City un'li
1.-The first day OF July, 1851, on which
day the new fscal year shall commence
as herein provided, The Mayor and
Council OF Wilmington shall have
power and authority to borrow asum
or sums OF money sufficient TO deiray
the ordinary current expenses OF SAID
City until the said frat day OF July,
1851, and for that purpose may Issue
promissory notes or certificates ol IN
debteiness therefor, which shall bear
interest from the date OF their issue at a
rate not exceeding FIVE per centum per
,Annum. The money 50 borrowed shall
be divided into four equal parts, and
the promissory notss or certificates
issued therefor shall be made payable,
with the interest thereon, in one, two,
three and four years respecting y, and
the City Council shall thereafter, in
making ths annual appropriations
under the provisions OF this act, liz
lclude therein tie amount OF said prom
issory notes or certificates Of Indebted
mesa, with the interest thereon falling
due during the year for which such
appropriations shall be made.
i Section S. The annual appropria-
.ions for the year 1881 made during
the month Of January in said year,
shall on the thirtietb day Of June A.
D. 1881, be called in and closed, and
} the City Council shall make such aP-
propriation8 as shall be necessary for
! The fiscal year commencing on ths first
Iday, Of July A. D. 1851, aud ending on
THE thirtiet1 Jay Q. .da4 a. D. 1882
| Section &. The Mayor and Council
OF Wilmington shall not have power OF
authority to borrow money for any pur
pose whatsoever except in such cases
- are or may be expressly authorized
By law"