Omaha daily bee., 1902-09-24
CITY COUNCIL PROCEEDINGS
New Bond Ordinance to Osv,r Floating
Indebtedness is Passed.
TAX COMPROMISE WITH REALTY COMPANY
Ordinance Providing for Opening of
T~hirty-Fifth street from Fsrnam
to Harvey Goes Through
without Hitch.

Bonds to the amount OF 5000, 900 for the
purpose OF funding and taking up floating
Indebtedness OF the city were authorized
by the city council in an ordinance passed
At the meeting Of last evening. This or
dinance takes the place Of one which was
passed by the council, but was later found
to be technically defective as to title and
was therefore vetoed by Acting Mayor
Karr.
The proposition OF the Omaha Realty
company for the settlement OF taxes now
In litigation was returned by the judiciary
committee with a report to the effect that
the committee had rejected the offer OF
the company as insufficient, but with the
assistance Of the city legal department
had effected an agreement whereby the
company would pay its general taxes in full
with the exception Of those OF 1902 and
its special taxes, less a discount Of 5000.
The indebtedness in question involves a
large number OF parcels Of land owned by
the Omaha Realty company and includes, as
shown In the report Of the committee,
principal and interest OF regular taxes
amounting in the aggregate to $14,SS6; and
principal and interest OF special assess
mepts amounting in the aggregate to $780,
1913. The company had proposed to pay
TO the city in settlement in full the
amount Of $50, S91 As, setting forth as an
argument in favor OF the acceptance Of the
offer that many of the special assessments
had already been invalidated by the courts
or would be IL put to the test, and the
sum named was probably more than the
city could collect by process OF law. The
committee rejected that basis OF settlement,
but recognizing that many OF the special
assessments were faulty in law made the
concession Of SIS. 900, as above stated. An
ordinance providing for settlement as
recommended by the committee was given
its nrst and second reading.
Opening Thirty-Fifth street.
The ordinance ordering the opening OF
Thirty-hfth street. fifty feet wide. from
Farnam to Harvey street, was given its
third reading and passed, the former or
dinance ordering a twenty-foot alley al
this point having been repealed.
When the appropriation ordinance for
the payment OF current expense bills was
presented the old contention involving the
appropriation Of SIS, 900 for a market house
was resumed, and nearly every member
present-the only absentee being Council.
man Burkley-took occasion to repeat his
former statements as to the necessity o.
paying bills OF current expense, or thC
imposslDility OF paying tnem IN the pres
ent condition Of the general fund. Tn
ordinance was finally recommitted to the
committee on finance and claims, Council.
man Lobeck STIMULATING that it should CONT
up in general committee next Monday.
BY unanimous vote OF those present the
Omaha Stand company was granted per
mission TO maintain the reviewing stanC
which IT has erected in front of the court.
house. and the building inspector was d.
.rected to issue the necessary permit.
The ordinance providing for the paving
OF Seventeenth street from Harvey Il
Jackson street with vitriied brick blocl
was given its third reading and passed.
BY resolution Introduced by Mr.. Lobecl
the mayor was requested to telegraph Il
President Roosevelt sympathy and regre
for his illness and sorrow at his inabilit!
TO visit Omaha as intended.
Condition of City Funds.
The city comptroller submitted the fol
lowing report of his latest examination int
the condition of the funds in the hands o
the city treasurer:
Cash In drawer 1881
Chaalra - 1annalf EQQ q