The Brunswick times-call. [volume] (Brunswick, Ga.) 1900-1902, 1901-05-16


rround those figures. II such ia the
case, was 1t right for the Mayor, in
connection with the Finance Commit
tee, to pledge these bonds at the low
rate of 6S ! cents on the dollar, and to
pledge them too uuder ironclad con-
ditions? conditions that authariz d the
holder to sell the bonds without notice
to the city, provided the notes for
which they were pledged were not paid
al maturity, This was too great q |
risk for any council to assume, to
ieopardizs these bonds IN such man
ner. A financial crises might have come
upon sat any time, and If thad, and
, the loan had been called, would the city
have been able to prevent thsse bond
from being sifceds Your commit,
tee realizing these conditions has made
every eff Jrt to place these bonds back
into the treasury of the city where
they honestly belong, and we are graft
fed to be able to say to you. and
through you to the tax payers Of
Brunswick, that this has been done,
and to state that there is now in the
treasury Of the city, 1854, 900, Of trust
bonds, being the entire amount now
held 10 trust.
There was only $1s 0Co, OF these
bonds on hand when we assumed
charge.
Your committee begs to cay thst all
amounts that may be paid into the
treasury Of the city during our ad-
minissration, from any source. that
was due the oity under anyother admin
istration, and particularly, from the
claims made from the outgoing council
Of 1900, for to xss due, and the Harvey
defaultcation, this council will give
a full account. ohargin itself with
every item of receipts, and crediting
itself with every item OF disburse>
ments made on account Of any former
connciI, as we'll as for our term Of
office, We would urge that the most
rigid economy be exercised in the man.
sgement OF the several departments Of
the city, and ask the chairman of each
committee to give his personal supeFvi
sion Of matters pertaining to his de-
partment. We urge this because the
Indebtedness of the city Is large, and
because we hope ere long to wipe out
the floating debt of the city, and then
reduce the tax rate on our citizens. We
must be just before we can afford to
be generous.
In conclusion we beg % say that we
hope to have ready for your consid-
Grafton. at our next regular meeting,
full and complete statement Of all
bonds of the city, as we'll as an account
or all the coupons.
respectfully submitted,
J. E. du Bignon.
Chairman Finance Committee,
From city Attorney who had been direc-
ted at meeting of May 9th to render an
opinion on Alderman McGarvy's amend
ment to ordinance 90 adopted April Is
1901. City attorney read ,his opinion in
which he stated that rule of council con-
flicted with charter provision and that to
reconsider and amend ordinance 90 az per
the MoGarvey motion would be invalid
Opinion in full on flle.) Received as in
formation.
Motion OF Alderman du Bignon, that q
committee be appointed in conjunction
w<h the city engineer and city attorney
to investigate the fire limits. Report at
next meeting of council. Adopted.
RESOLUTIONS.
By Alderman du.,Bignon.-
Resolved. That the operation and en-
foreement of the ordinance passed and
adopted by the body on April rs 1901 am
ending ordinance No. 90 be aud it is here
by suspended until further direction by
this body. Defeated by the following vote:
Aye, du Bignon, Briesenick aud New
man,
~ - C-,L Cit