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REPORT OF FINANCE COMMITTEE. COUNCIL CHAMBER, February 9, 1857. _ HE Finance Committee beg to report, that they have investigated the liabilities of the city for the fiscal year ending Dec. 12th 1857. They also deemed it impor tant that the Council and the citizens should know the full extent of her entire liabilities, and whatever assets she may hold to meet them, and we have embraced the amount of her bonds issued, vne this report. They do not regard the estimates set down as being in all respects, correct and reliable, but it approximates*as ‘near the facts as they could ascertain from the records of Council: Contract with Horace King, passed April 21, 1856, for covering Bridge.........$ 650 00 Contract with Asa Bates, passed June 24, 1856, for repairing Bridge Piers 800 00 $1,450 00 725 00$725 00 of which there has been paid...... Contract with Asa Bates for building the Wharf, passed July 5, 1856. Supposed amount from estimates of work to be is payable 1st Feb. 1857...... 2.4. Peaide 08 5@3/993 SF is payable 1st January 1858............. cones Gabea . is payable 1st January,4959....... . $3,333 33 Contract with S. M. Inversoll for Lum ber during the year, estimated at... .. . Contract with Mr. Whilhelm, for, furnish ing Iron Lamp Frames.........¢22+. Contract with H. P. Robinson for Feed ing mules and hands for 1857........ Appropriations passed Jan. 8, 1856, to purchase Hose for Fire Cos. Nos. 2 4, Appropriation passed Dec. 8, 1856, ‘for Alderman’s Supper. ......+e+. Appropriation Jan. 19, 1856, to assist in purchasing new engine for Co. No. 4. — for 3 mules payable en es RR s oisen Hire of 15 Hands, payable” Jan. . 3857. 11 months’ pay for 12 Policemen. at $30 ee ee le eee Gas Light Cos. Bil’ to Bist Dee. ” 1856... Officers’Salaries for the year......... Lighting Lamps, ¢........+ s's ss wales « Estimate contract for wood iro ork Bills already passed and unpaid... Be Interest on Gas Light Bonds due i isi Interest on Sands to Mobile Girard Railroad due Ist July and Jan. $10,500 ee ee Interest on Bonds to Opelika R. R., due Ist July and Jan. $1750 each....... Amount balance due bank of Columbus,’ veeeee 50900 eees wes “RREDD wv eee 2,790 00 see 1500.00 100 00 see-- 1,50000 --eeesee 54760 sees 2,400 00 .ee+ 3.96900 wees 1.90] 50 - ve 6,375 00 . 30000 . 500-00 1,513 00 3700 1,000 500-25,200 00 4,417 49 Amount to be paid by 1st January 1858........$61,315 15 There has been issued to the Mobile Girard Railroad $300 ,000 in bonds falling due as follows: $25,000 each year from 1862 to 1867, inclusive To the Opelika Branch Road, $50,000 falling due in sums of $10,000 each year, from 1868 to 1872, inclusive. To the Gas Light Co. $100 000, payable in 1873. To the Muscogee Railroad, (onpaid) $100,000, falling on in sums of $25,090 each year, from 1857 to 1850, in clusive. RECAPITULATION. Amount to be provided for the year 1857.....9 61,315 15 Balance on contracts with Asa Bates Jan 1,593,333 33 Bonds to Mobile Girard Rairoad...... 300,000 00 Bonds to Opelika Branch Road... ...es.- 30,000 00 Bonds to Muscogee Road. .... 100,000 00 Bonds to Gas Light Co. 16,000 00 $524,648 48 Against the Bonds issued to the various Railroads and the Gas Light Co.,the city has stock for ents amounts. The Stock in the Muscogee road has been set to Messrs. Patten Mustian, and under the contract with them, they are to meet the Bonds of the City and interest on them, as they fall due. 74 The Commitee suggest the propriety of having this re port published in the city papers in the event of its recep tion by Council. All of which is reseriilly submitted ¥ me OUIN. JOH B re . a iy, less $60,000 of Stock in the Opelika ranch tor : in Bonds. ‘The Company paying $10,000 for Depot, Lot, c. errr. _ A true extract from the Journal f the Mayor and Coun cil. febl3—twit CALVIN STRATTON, Clerk.
Newspaper Details
Columbus Times and Sentinel Tri Weekly
Columbus, Georgia, US
Fri, Feb 13, 1857
Page 3
Full Page
Clipped by
Brad W.
USA 03 Jul 2026
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