Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-12-03

The interest ana sinking fund to come
first. the emergency fund next and the
other items to then come in the order
named. THOMAS p. MARTIN.
On motion of Mr.. Armstrong the
budget went over for a week.
James c. Scott petitionrd on behalf Of
the benevolent. home, that the council
furnish coal for the schoolroom in that
institution. THIS was referred to the
school hoard, with the request that they
grant the request, ii possible.
MIR. Martin presented the following, to
be embodied in the amendments to the
charter as now being prepared:
Amend section 81 of the charter by
striking out, III the clause relating to the
salary of the treasurer, the words ''ten
dollars nnd insert in lieu thereof the
words 1.-TWO thousand dollars; and add
ut the end of said section the following:
1.-The city council shall have the power
to desi gnate or direct the bank or banks
in which the treasurer shall deposit and
keep all or any part of the moneys which
may come into his hands. from whatso-
ever source, and the amounts which he
shall deposit III each bank, respectively.
Said deposits shall be made to the credit
Of the treasurer OF the CITY of Fort
Worth; hut before any such deposits
shall be made in any bank or banks, so
designated, said bank or banks shail
each execute and deliver TO said treasu-
rer good and sufficient bond. with not
less than two good sureties-which bond
shall be subject TO the approval of the
city council-payable to him, as such
treasurer, for the use of the city of Fort
Worth, in sum double the amount 90
directed to be deposited, conditioned that
said bank shall promptly paw said
amount so deposited, or that may be
thereafter deposited, rs same may be
drawn upon by the warrants of said
treasurer. The city council shall have
the power TO require of sand banks re-
ceiviug said deposits that said banks, re-
spective!y, shall pay to said treasurer for
the said city, such rates of interest on
tbs average daily balances to the credit
of said treasurer, in SAID respective
bank, as may be agreed upon between
said respective bank and the city council
The city council may invite bids from
each of the various banks, stating the
amount OF interest said banks SO bidding
will pay on money so deposited. III said
bank, or in sums of not less than one
thousand dollars, at one time, or other
wise, ns sa d council may see fit. Said
council may reject any and all bids, but
as 10 che bids II may accept il shall
award the deposits, in the stipulated
Gums Cor III the manner prescribed by
said counci), in the order of said ac-
cepted bids, taking the bid of the bank
bidding the highest rate of interest first,
and so down TO the lowest. In drawing
upon the funds in the various banks the
treasurer shall first exhaust the entire
deposits in the bank paying the lowest
rate of interest, aud then draw upon the
one paying the next lowest rate, and 90
on to the highest. In making said de-
posts, said treasurer shall in no wise
designate the particular fund on his
books to which said money so deposited
belongs, but shall deposit same simply to
his credit as treasurer, in the manner
herein before Indicated.
THOMAS p. MARTIN.
Action on this was postponed for a
week.
Mr.. Nicks suggested that as the wards
of the city are being redistricted and
there may be more wards added to the
city, ii might happen that the council
would become unwieldy, and it might be
we'll 10 provide that the number of re-
presentatives from the different wards
could be reduced. Nothing was done
about this.
1t WAS suggested by City Attorney
Powell that If the city proposed to ex-
tend its limits by meaus of the new
charter It would be well to take steps 10
define the proposed extensions.
Mr.. Frazer SAID he had studied the
matter some, and he thought that Hyde
Park should be taken as the center and
the limits made four miles in each diree-
ten from that point.
Mr.. FuPman sa d he had an idea look
ing TO the radical reorganization OF the
municipal machinery. II includes a
bourd OF commissioners which shall be
elected by fhe city at large, and shall