San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1892-03-30
Alderman Beckman's Resolutions.

Whereas: Section i72 of article Of the
city charter of 5. A, empowers the city
council to levy and collect taxes for the
purpose Of paying all current general ex-
penses Of the city: and
Whereas A reasonable percentage
levied upon property values as taxes anG
collected annually is the principal, legal
and proper source of revenue upon which
the municipal government must mainly
depend for paying its current yearly ex-
penSeS; and
Whereas: The amount requisite for tn @
regular running expenses OF the city for
any ordinary year can and should be cal
culated with reasonable degree of &C
curacy, thus enabling the city govern
ment TO depend upon and limit its current
expenses as much as possible TO specified
sum annually; and
Whereas: A strict observance of such
policy would tend 10 create in taXpay-
ers and citizens generally a strong feeling
of confidence in the city's credit and
paper, and cause the buying and holding,
of legally authorized monthly notes or
certificates of Indebtedness issued by tho
city good and safe investments for any
and every citizen desiring to so invest:
and
Whereas: 1t does seem that wise.
policy and one just and equitable to pos
terity would demand that all bonded
debts should ne made exclusively for
permanent Improvement, such as streets,
bridges, school and other municipal
buildings etc, and not for the purpose
of paying for the ephemeral and
evaneScent needs and benefits Of the hour,
such as lights and water, police and fire
protection, etc, etc, and which those
who enjoy said benefits at any time
should themselves directly pay for; and
Z Whereas: 1t is absolutely necessary, in
order 10 pay current expenses of munich
pal government for each fiscal year, that
the city should make loans from time to
time during the fiscal year in anticipation
of the collection of the advalorem taxes
levied for such fiscal year, now therefore:
Be it ordained by the city council of the
city Of San Antonio: That his honor the
mayor be and is hereby directed to issue
his proclamation ordering and directing
an election TO be held on the - day of
April next to take the sense of the prop
erty tax payers, voters of this city, as To
whether or not the city shall be author
lied to Issue monthly interest bearing
notes or certificates of Indebtedness for a
sum not TO exceed twenty Thousand dol
lars tS20,OO0) each month for the purpose
of aiding in paying the current expenses
of the city; such notes TO be redeemed as
fast as the taXas for the fiscal year,
during and for which said notes
were issued, shall be collected. A sum
not to exceed two hundred and sixty
thousand dollars (S260, shall be appro
priated annually out of the taxes collected
and pledged as fund TO be used only for
the redemption of the notes issued and
accued interest there on, and the re-
demptiOn of said notes with Interest in
full shall take place in regular rotation,
according to their number and date Of
issue, commencing with the first note
and continued until all notes or certii-
Gates issued during aud for each fiscal year
shall have been redeemed.
Respectfully submitted
A, f. BECKNIANN Alderman, Sth ward