The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-04
CIV" FtSOtCllUIIN,
CARLTON MCCARTHY.

is as follows:
.:1o2. There shall BE elected by the
qualified voters of the city Of Richmond,
at the first charter election, one high con-
stable for said city, who shall hold his
office for the term Of two years, ana
until his successor be appointed ai'r
qualify, unless sooner removed from
Office Said High Constable shall keep
his Office in such convenient place in the
city as may be designated by the CITY
Council. and shall receive such compen-
sati0n for his services as the said Council
shall determine. He shall in civil cases
have the same powers and duties and be
subject to the same penalties as pre-
scribcd by law TO other constablcs, ana
shall perform such duties as the Clty
Council may ordain. not in conflict with
the provisions OF this act, the laws or
the State, or the laws OF hte Cnlteo
Statas.''
WORK OF SINKING FUND.
The resolution from the Sinking Fund
Commission in reference to the sale OF
certain bonds by that body, which was
decided by the City Attorney as Illegal
was read The resolution asked that the
Council ratify the sale, and thereby make
it legal
In speaking Of the resolutions, Mr.. cas-
kie referred to. the time IN which he ana
MI. 1uTplQ "tlG HtdpC ii!Sii'D~As' "
Board OF Sinking Fund Commissioners,
AT which time Mr.. Hardwicke and himself
were the purchasing committee At mat
.}rne there was much difficulty :! III dis
posing of bonds, and the commissioners
was informed Of that fact. A . great
amount of the funds We're kept In bank
on two per cent. The Charter Committee
vas asked to make recommendation 10
the Legislature so that lnVestmel MS could
be made This was cone, ana the chtr-
ter was amended so that the city could
invest in State. city, and United stat
bonds On December 18th a meeting OF
the commissioners was called Tor the
purpose OF considering the safe Of the
bonds referred to. The Purchasing Com
mittee Mess:s. Phillips and Epei, We're
instructed to sell the bonds at par net.
The committee sold $4,000 IN bonds. Tor
that amount in money, and lmmedlhtely
invested in city bonds, which pald 5
per cent The city in the sale reallzeu
$500 in the TRANSACTION, ana sot III lie
reinvestmeut several hundred do. r
moro a wear in interest. Later the cues
tiop arose as to whether the Board lad
:, rioht 10 sell the bonds. 1t was learn
that there was no legal right except III
the case in which a debt OF the II must
he paid. The City Attorneys opI1io2 wa
sought. and his view was clear as TO the
point of illegality, and he recommended
that the matter be sent TO Council for
r.,-;.'ca ton.
THE first information that le en-
missi1ners had exceeded their au hor ty.
So far as | know said Mr.. C~s4lie, was
given by myself. The only excuse to be
given h the Board is that t. ey simply,
overloo.. d the fact that it was not in
accordance with law No man can be
blamed for anyth'n g; it was simply in
adycrtence aand in view of the: many
matters that we have to Edo, it..is sur
nrising that more mistakes have not
been made. There has been some public
criticism of this action and can only
say that l can stand the criticism, so far
as am. concerned myself
ACTION ENDORSED.
Mr.. Adams moved that the action of
the Board of S:n'7ing Fund Commissioners
be endorsed On a vote tie motion Was
adopted unanimously.
An ordinance from the Boards-of Al
dermen, in reference to the lighting Of
NIayo's Bridge by the owners of the
bridge upon a penalty of a fine, was
adopted
a communication was read, as 1oloWs,
and referred to the S.reet Comm Lee;
1000 w Ha!stead Street.
"Chica go.sIl January 1892,
| "City Council, Rict mond, Va.
.Gentlemen.-Perinit me 10 ask you
whether Won would be willing to grant