The record-union., 1898-04-05

and that the amount above reported is
correct D. MCKAY,
President of the Board of Trustees.
A A. DE LIGNE, City Attorney
To the Board of Trustees: My atten-
ton has been called to the fact that
number of fences in the locality be-
tween Seventh and Twentieth and
north of H streets, encroach upon the
streets, and I suggest to your honor
able board that you take such action
in the matter as you may deem most
proper and expedient Very respect
fully, WILLIAM LAND, Mayor.
To the Board of Trustees: I here
with transmit to your honorable board,
with my approval Endorsed thereon, Or
dinance No. -, entitled, An ordi-
nance approving and accepting the
work of grading and paving K street,
in the City of Sacramento. from the
east line of Fifteenth street TO the west
line of Thirty-fr street" Very re-
specially, WILLIAM LAND,
Mayor.
To the Board of Trustees: I here
with transmit to your honorable board
with my approval indorsed thereon Or
dinance No -, entitled An ordi-
AiclIl1C approving anu dCNCplliiS NAAO
work of grading and paving Eighteenth
street in the City of Sacramento, from
the south line of the alley between 3
and streets to the north line of e
street, from the south line of z street
to the north line of G. street, from the
south line of G street to the north line
of H street, from the south line of FL
street to the north line of l street, from
the south line of I street to the north
line of j street, from the south line of
J street to the north line of K street,
from the south line of K street to the
north line of l. street, from the south
line of M street to the north line of n
street, from the south line of \ street
to the north line of o street, from the
south line of o street to the north line
of P street, from the south line of P
street to the north line of Q street
and from the south line of Q street to
the north line of r street" Very re-
specially, WILLIAM LAND,
Mayor.
To the Board of Trustees: l respect
fully suggest to your honorable board
that the following bonds, to-wit: Levee
bonds, amounting to $50, 900, bearing 5
per cent. interest; street bonds
amounting to 100000, bearing 5 per
cent. interest; sewer bonds, amounting
to $50, 000 bearing Az per cent inter
est, be refunded separately at a rate of
interest not to exceed per cent. per
annum, redeemable in twenty years.
By so doing there will be a saving to
the city of 81, 645 a year in interest.
1 have given this subject considerable
attention, and am convinced that it is
for the best interests of the city that
the above bonds be refunded, and very
earnestly recommend that immediate
action be taken in the premises. Very
respectfully, WILLIAM LAND,
Mayor.
SOMETHING ABOUT BONDS.
The message referring to the issuance
of bonds and which was referred to the
Finance Committee, called for long
dissertation on the Funded Debt Com
mission and the bond question by De-
vine He said if there was a chance to
save dollar by the Mayors proposition
every public official ought to work to
that end, but he thought a better plan
would be for a committee from the
board, together with the Mayor, to wait
on Governor Budd and urge him to ill
out the Funded Debt Commission by ap-
pointing a third member to fill the place
of the one deceased. He formed the
suggestion into a motion.
Trustees Tebbets said if the Mayor
recommended such a proceeding as that
suggested by Devine, he would vote for
the motion, but otherwise he should OPP
pose it. The matter, he said, is regulat-
ing itself and will soon be settled.
THE MAYORS OFFER.
Mayor Land said he would not advise
such a course as that suggested by De-
vine, as it might interfere with arrange
ments expected to be made with Com
missiOners Smith and Cummings. He
said he would advance the city what
ever sum should be needed over and
above the amount held by the Funded
Debt Commission to pay off the unpaid
bonds of 1888, 1893 and 1898, together
with the interest due thereon, the city
to secure him by bonds for one year at
4 per cent, and he gave his word of honor
to throw off the interest at the maturity
Of the bonds.
The Mayor contended that since there
was no use in fighting the Bonded Debt
Commissioners, reason should rule, and
the best thing in sight should be adopted,
and that if the course outlined by him
was pursued, in five years city taxes
would be reduced to 81 % per 500, and
prosperity would follow.
Trustee Devine's motion was lost.
Trustee Devine said he intended to
bring proceedings against the Funded
Debt Commission and the Mayor to
restrain them from raising a dollar of
the bonds of 1888. He had not enough
money to see the matter through him.
self but he knew other men who had
The Mayor said he was not in with
any push, as Devine intimated, nor with
the bondholders. He was working in the
interest of the taxpayer, and looked up
on the matter as a strictly business
proposition. He believed in taking in all
the bonds possible, and knew no reason
why next fall the taxes should not be
reduced to 81 40
Trustee Tebbets said the Mayor was
handling the bond proposition in a
proper manner, and if it was brought be-
fore Grand Jury they would give d
vote of thanks to the Mayor for his &C
lions. Devine, he said, had got his ideas
from citizens and lawyers foreign TO
Sacramento, while the Mayor had got
his from business men, attorneys and
citizens of Sacramento, who knew what
they wanted and what was best for the
taxpayers.
Trustee Devine again got the floor, and
Tebbets called for the regular order
of business, and after some skirmishing
the bond question was dropped.
MISCELLANEOUS.
o
for an all-night license for their saloon
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