The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-29


shall be applied No transfer or CONSOLE
dations OF acCSInts shall be made WIN
out the sanction Of the Board. ms
section was also adopted.
SALARIES AND WAGES.
Section 10 provides that the salaries OF
city officials shall be increased only by
the Board Of Finance and the two branch
es Of the city Council while they may
be diminished by the Council except IN
the case OF the Fire Department, whose
reductions shall be made by the foard OF
Fire Commissioners. The salaries OF
city employees are to be regulated by the
City Council.
Mir. Carter thought the Fire Depart
mcni should be placed on the same loot
ing as the other city departments ana
the Council should have the night OF
making reductions OF salaries in that de-
partmsnt After some discussion an
amendent to that effect as proposed by
Mr. Ryan was adopted and the secuon
was agreed upon in that form.
Section IL treats on the subject or the
Sinking Fund and provides how inter
est as we'll as principal represented by
the bonds shall be preserved. These
funds may be invested in city. state or
United States bonds. The section was
adopted.
Similar action was taken in regard to
section u. which provides for the pay
ment OF the bonded debt OF the city.
Section 10 provides that the city Audi
tor shall be the custodian OF the Sinking
Fund, the bonds of which shall stand In
the name of the Board OF Finance in
trust for the Sinking Fund. The city
Auditor shall make monthly reports TO
Of &c n
transactions for the city.
THEY SHALL REPORT.
on motion of Mr.. Carter the section
was then so amended that the Board of
Finance shall make scmi-anlual reports
of its investments to the Council. The
section was adopted as amended.
Section IA provides that any temporary
Indebtedness incurred by the Board shall
be paid out OF the current receipts of
the respective year. II this indebted
ness is not paid within a year it shall be
made part Of the bonded debt.
At the suggestion of Mr. HARRISON it
was agreed that the Board Of Finance
shall have no right 10 contract an in
debtedness in excess of the current re-
ceipts without the consent Of the Coun-
ell. The section was then adopted.
WHEN TO BE LIABLE.
Section Is provides that whenever the
city desires TO acquire land for public inn
provements, she shall not be held liable
for the payment Of the amount assessed
by appraisers unless the transaction has
been approved by the Board and the ne
cessary amount appropriated. If the
city's money is 10 be invested in public
improvements 10 be executed by ipri-
vate companies. the City Council shall
submit the matter TO the citizens Of
Richmond for a popular vote. The section
was adopted.
Section is provides that the law COM
polling the city Council TO make GER
tain annual appropriation for the Fire
Department. shall be repealed. IL also
provides that the Board Of Finance shall
at certain periods make examinations
Of the accounts OF the various city de-
partments and submit copies Of its re-
ports 10 the City Council within thirty
days.
on motion Of Mr.. Carter it was de-
cided 10 strike out that portion of the
section which refers to the appropriation
for the Fire Department and the city
Council was requested 10 prepare a spe-
cial bill providing for such a charter
amendment The remainder Of the sec
lion was adopted.
Section Il providing for the repeal of
acts conflicting with this bill and sec
ton Is providing for the enactment Of
the measures were also adopted.
On motion Of Major Allen the bill was
then adopted as a whole and It was de-
cided TO recommend its passage to the
Council.
The committee then adjourned until
next Thursday evening az s o'clock.