Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-04-18
COUNCIL 70 BORROW $4,000
To Satisfy a Mortgage and Pro-
vide for a Deficit.
NO ACTION ON OTHER LOANS
Matter to be Taken Up at Future
Meeting.
The Law Committee Reports Progress ON
the Ordinances Authorizing Loans for the
Street and Sewer Department and the
Board of Park Commissioners.

City Council at its meeting Thursday
evening, unanimously passed the ordi-
nance authorizing tho Sinking Fund
commissioners to borrow $50, 600 for
the use Of Council, and it WAS referred
to Mayor Fahey iot his approval. Two
other ordinances, one TO borrow 1926, 600
for the Board of Park Commissioners
and the other to borrow like amount
for the Board of Directors of the Street
and Sewer Department, were not acted
upon. A three OF the ordinances were
given two readings at the meeting last
week and referred to the law COM
nittee, which made favorable report
OH the one appropriating $50, COO for the
use OF Council and reported progress on
the other two.
No reason was given publicly for de.
ferring action on the Street and Sewer
and Park loans, but after the masting
d member of the lava committee said
there was no special significance in the
delay, and, SO far as he knew, the loans
we're not IN jeopardy. He expressed
the belief that both of the ordinances
will be passed. Ii is understood that
there is some opposition on the part
of one member of Council. but whether
this is responsible for the delay is not
known. The desire for additional time
for consideration is the reason given
by one member of the committee.
Mayor Fahey has approved the ordi
nance authorizing the loan for Council
aud the Sinking Fund Commissioners
will make preparation for obtaining
the money by advertising for proposals.
| OF the $4,000 the sum of 81, $50 is tc
be applied in paying Oft mortgage or
tho No. . School property, which i.
held by Elizabeth S. Taylor, and the
balance goes to Council TO liquidat,
the present floating Indebtedness Of tn,
city. The bonds will bear interest
at the rate of four per cent, payable
semi.annually, and the lnan is TO be-
| paid off in two instalments, $24, 00t
October LIST, 1913, and the remaining
| 1926, 600 October LIST, 1926.
AT present Council has deficit oil
| 50, BOG, which is being carried by tn,
First National Bank, the active deposi
tory Of Council, and no interest il
charged, an arrangement having beer
made with the bank by the financ,
committee for this accommodation
According to members of the com
mittee, the deficit will not grow to any
| BTthb bAt6nt De1urb tUo mUuby
realized from the loan, and uron th,
receipt Of that money the bank will b,
reimbursed.
City Treasurer Hamann, in bis repor
to Council Thursday, stated that hi
receipts during the week were as fol
lows: From Tax Collector Sayers
$500; Collector Lewis, S1,ll4; j. I
Mullin & Sor. $l2, rent of city property
City Auditor pyls, 50, license none,
received from Mayor Fahey. The cit
auditor certified to the correctness 0
tho report and announced that he ha
audited the accounts OF Chief of Polio
Massey for thelmonth of March, show
ing them correct. The collections fror
dog tax during the month amounts
to S210. 20.
On the recommendation of th
finance committee, Mrs Sarah A
Steelman was ordered paid 80. 10, th
amount having been paid as capitatio
tax for her late husband after hi
demise.