The Portland daily press., 1886-03-30

hands Of the committee of reference, and the
Mayor ruled that the discussion should De
the board.
Alderman Marks would be opposed to any
landing costing $4,000 but did not think
this one would cost as much.
landing.
The question was then put upon the pas
sage OF the order, and resulted in ayes to
3 noes. Aldermen Kicker, Marks and
Briggs voted yes; Aldermen Beale, Wilson
and Sawyer voted no; Alderman Mcmahon
did not vote, and the decisive vote was
thrown by the Mayor In the affirmative.
PORTLAND AND oeDENsBURo.
The following order In regard to the pro-
ceedings under the foreclosure OF the Port
land and 0gdensburg mortgages was read and
passed. The order was first introduced at
the February meeting of the last council
and was passed in the upper board, tne
council referring it to the next city govern
ment in non-eoncurrence. Alderman wilson
moved an amendment so that In place OF the
committee on the reduction Of the public
one of whom should be the Mayor, on the
part of this board, with such as the council
should join. The amendment was not
adopted.
CITY OF PORTLAND,
IN BOARD OF MAYOR AND ALDERMEN,(
February l, 1886. J
Whereas, by. virtue of decree of the Circuit
Court of the United States for the District OF
New Hampshire, in the case of the Mercantile
Trust Company VS.. the Portland s. 0gdensburg
Railroad Company ct ais, which decree was nled
on the 18th day of May last, and was confirmed
by a final decree of foreclosure filed In said case,
on the 10Th Of December last, the mortgage from
the Portland & Ogdensburg Railroad 10 Samuel
=. Spring ct ais, trustees dated the first day OF
November, 1871, and the other mortgages in said
decree have been finally fOreclosed, and,
Whereas, by the laws of this State and of the
State of New Hampshire, the foreclosure OF said
mortgages mures to the benefit OF all holders OF
bonds, coupons and other claims secured thereby,
and they, their successors and assigns. are constr
tuted a corporation as of the date OF the fore
closure for all the purposes and with all the rights
powers duties and obligations of the original cor
p0ratiOn by its charter, and
Whereas, the city is holder and owner OF a
majority OF the bonds, coupons and other claims
secured by said mortgage,
Therefore. ordered, that the City Treasurer be
and hereby is directed to prepare and present to
said trustees full statement of the numbers and
denominations of the bonds secured by said mort
gage, which are held by the city, together with
full statement OF the coupons originally attached
to said bonds, which were overdue at the date Of
such foreclosure, and of all other claims Of the
city secured by said mortgage and that the com,
mittee on the reduction OF the public debt be and
hereby is appointed to attend any preliminary
meeting or meetings OF the bOndh0lders under
said mortgages which the said trustees may call
for the purpose of adopting measures for calling
the first meeting Of said new corporation and 70
act in the citys name and behalf, as It's agent ana
representative, in reference to all matters which
NAV arise at the same; and to sign, in behalf Of
the city, as such holder of bonds ana coupons amy
call for any meeting of the holders OF said bonds
and coupons which may be made under the Re-
vised Statutes chapter 81, sections 90 ahd "a, or
the special act relating to the Portland & Ogdens-
burg Railroad Company, appro owed March 0, A. u
1885.
THE SALARY BILL.
The salary bill was introduced by Alder
man Marks, and having been taken up by
sections was adopted, as presented, with
little discussion The following is an abb
Stract: