Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1903-01-10
COUNCILS
PROPOSITION
Willing to Issue Bonds for
Claims Against the
City.
THE Committee REPORT
Bonds Will Bear Five Per Gent
Interest and Claims Must
be Put in Judg-
ment.
THE COMMITTEE REPORT

council Thursday evening, the finane
committee presented an exhaustive re
port showing the financial condition {
the city and suggesting plan for
compromise with the creditors of tn
city. 1t is suggested by the committe
that accounts against the city be place
in judgment at so per cent of their fac
value and that bonds be issued in set
tlement thereof, the bonds to bear
per cent interest. The report was adop
ted and it was ordered that all credit
ors who desire to make this settlemen
place their accounts in judgment within
go days of the date of the meeting.
The report of the committee show
the following cash balances in tn
hands of the city treasurer: Salar.
fund, $527.S3; general fund, $913.25; tax
es of 1899, $95.37; taxes of 1900, $1OS.OG
The committee finds the following ac
counts are against the salary fund: Fa
cundo Ortiz, salary as clerk and TO
wood, $35.60; Benito Alarid, garbage
| wagon for 20 days, $50; w. J. McPher
son, treasurer, $50; B. M. Read, ex-city
| attorney, $11.70; A. ]. Abbott, city at.
torney, $35; F. Rivera y Padilla, police
man for three months, 800; Cosme Sal.
as, policeman 3S days, $3S; Seferino AL.
arid, marshal, $3.50; special policemen
for election day, s1S; Mrs. J. d. Sena
Sr., rent, s21; Marcelino Garcia, jailer
$87, or total of $496.15.
The accounts against the genera
fund are: Santa Fe Water and Light
Company for water service, $500; Santa
Fe Water Company, judgment, $3.50;
Santa Fe Water Company, lights, $3.50;
George Dietzel, repairing city wagon,
$3.50; New Mexican Printing Company
s42.3S; Leo Hersch, lantern, rs cts; San
ia Fe fire department, appropriation
for the quarter, $3.50; Woman's Board
of Trade appropriation for the quarter,
$62.5O; Gonzales y Baca, flushing sewer,
$3.50; or total of $94S.13. The report
then says:
Your committee recommends that
the accounts against the salary fund be
paid in full and the balance left in
that fund after paying the said ac-
counts, amounting to $31.6S, be and is
hereby ordered transferred into the
general fund for the payment of ac-
counts against the said fund as above
enumerated which hereby are ordered
to be paid in full.
Your committee finds upon investi-
cation that the amount of balances due
for the year 1900 amount to So, 110.7S and
the city has the sum of s95.37 to prorate
among the said accounts, making dis
tribution of per cent which hereby is
ordered.
Your committee finds that the bal
ances due for the year 1901 amount to
$1,1S0.29, and the city has the sum Of
$1S0.06 to pay the same, making a pro-
rata Of 16 per cent which hereby is Or
dered paid.
Your committee finds that the balanc-
es due for the year 1902, $1,Oa4sO, which
will have to be paid out of taxes to be
derived for the year 1901.
Your committee considering the I'm
possibility Of making the small distrib-
utions for the years 1900 and 1901 and
also for the year 1902 would respectful
ly recommend to the city council that
in all cases wher parties see fit that
judgment be conferred to the amount
Of so per cent on the dollar Of the face
value of such balances and when judg-
ment is SO confessed that bonds be Is
sued bearing per cent interest to pay
the said judgments. The committee
would recommend that in order to get
rid Of the judgment now hanging
against the, city and belonging to the
Santa Fe Water Company together
with the amount due them for water
service for this year and for which 1t
was agreed by the members Of this
council that bonds should be issued at
the end Of this year that this judgment
together with so per cent Of the balanc-
es due for the years 1900, 1901 and 1902
be funded and thus relieve the city Of
the small accounts. which 1t Is
now carrying and thus leaving the
taxes of back years to the benefit Of the
current year. This recommendation Is
made by your committee with the OBJ
ject not of squandering the money of
the current year. but because It believ-
es that by SO doing and by starting the
year with ready cash the committee
that by strict economy they
can place this city on a cash basis and
30 redeem the lost credit Of this city
which will rebound In the interest Of all
taxpayers with the same.
Your committee cannot see where any
benefit is derived to the city from the
given the fire department
and therefore would recommend that
The same be discontinued in the future.
The committee further recommends
10 this city council and will give notice
that hereafter no account will be ap-
proved by the city unless the same may
have been previously ordered by q ma!
Iority Of the members Of the finance
committee or approved by them.
\ Your committee would earnestly rec