San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1889-05-21

| $3.50 900 in bonds as authorized by q
vote of the people, but the city would
have to levy tax of ten per cent. as
! sinking fund to pay the bonds and no
act of the legislature hereafter passed
could have a restrictive effect so as to
authorize levy of less than ten per
cent. as a sinking fund to pay the
principal of these particular bonds.
The city, however, could hereafter Sc
cure an amendment to the charter so
as to provide a sinking fund of two
per cent. and under such an amend
ment issue bonds in the sum of $50, 900
per annum, and instead of selling
them use the sinking fund collected to
pay the $500 with which to pur-
chase the new two per cent. issue, and
| by that means collect the two per
cent on the new bonds which will be
| sufficient to meet the S250,OOO bonds
when they become due, and by that
means the sinking fund will not lie
idle in the hands of the treasurer, but
would be drawing the same interest
that the city is paying.
This did not satisfy Kalteyer who
contended that the city had voted for
$3.50, 900 issue wi h a two per cent.
| sinking fund and not a ten per cent,
and they had no right as council to
| issue under the circumstances.
Lockwood insisted upon his motion
and it was carried. Bolton, Kalteyer
Wulff voting nay.
The ordinance and Kalteyer's sub
| stitute were read and the substitute
| was lost by vote OF s to 1.
The ordinance was amended to read
Lotto Nc nf ho
"whole amount" and was so passed.
The committee to whom was refer
| red LOCKWOOD resolution appropriate
ing 5000 per month for increased en-
gineering force to make Topographic
cal survey, reported, Rogers and
Guergin favoring the resOlu Lion, and
Wulf' bringing in minority report.
Votes were taken OH both, after dis
cussion, and neither was adopted.
PRINTING COMMITTEE.
The committee reported on the bids
for the city printing and recommend
ed the acceptance of the bids of john
son Brothers for printing and the bid
OF the San AnIouio Times for adver-
Using.
Alderman Kalteyer asked that the
bids be read.
The clerk complied with the re-
quest, showing the bids for adver-
Using to be as follows:
i,sartion. 0nn-half cent for suhsa-
nIent Insertions. The Express. no
chorTa far first insertion three cents
for Subsequent insertions. The LIGHT,
M CHARGE for first insertion Ore-half
cent for suhse0uent insertions.
AIdnrn,on KaItevar said If occurred
to him that the Times was NOT the
invest bidder and he believed the Or
dinonce soId that contrats shonld he
ayrordod tn +he lowest bidder
AIdarmon no Ton moved that the
award he made TO the lowest bidder
onI AiIarn1an W-uIfT seconded him
NIdprman Lockwood said he sun
,,nseJ tho COMMITTEES had examined
i,,+o +ba mo+tnr and he was in favor
If fine committee repOrt
Alderman RoDers said if WAS
SimnIv a nuestion of which was the
banf tidddr
ALDERMEN BOLTON said the ouesti.,n
of circulation had been raised and AL
Garn,on Rogers had GIVEN no definite
onsIyer as To how he obtained the i'm
Fnny,,o tiom
Aldermen Rooars said he had NOT
9, rnn anv datinita detail he ennnosed
7ba+ wn,;Id ha imno.sihia tn ohi,in
Tbo pnotinn Of Alderman RoIton
,yas tben mt n tho ronmciI which
rn1IItaG o5 foIIows. AVae. RoIton
Gner%min KaItever SaTtor Weber
Wiz Nee. pooIbsnu,o Connor
Eat " 7 ocliwook Reimonn Roreis