APPENDIX. 66 OF THE CITY DEBT.* I. OF THE NEW YORK CITY STOCK." II-OF "THE WATER STOCK OF THE CITY OF NEW YORK." III. OF "THE FIRE LOAN STOCK OF THE CITY OF NEW YORK." YORK." V. Or "THE FIRE INDEMNITY STOCK OF THE CITY OF NEW YORK." VI.-OF "THE FLOATING DEBT STOCK OF THE CITY OF NEW YORK." VII. OF "THE CROTON WATER STOCK." VIII.-OF "BUILDING LOAN STOCK, No. 2." IX.-OF "WASHINGTON SQUARE IRON RAILING STOCK." X.-OF "THE WATER STOCK OF THE CITY OF NEW YORK FOR THE YEAR ONE THOUSAND EIGHT HUNDRED AND FORTY- XI.-OF "BUILDING LOAN STOCK No. 3." XII.-OF" PUBLIC BUILDING STOCK No. 3." XIII. OF "THE NEW YORK CITY FIVE PER CENT. STOCK FOR DOCKS AND SLIPS." XIV.-OF "BUILDING LOAN STOCK NO. 4." XV. OF "THE PUBLIC EDUCATION STOCK OF THE CITY OF NEW YORK, FOR THE YEAR 1853." XVI.-OF "THE CENTRAL PARK FUND." XVII. OF "THE WATER STOCK OF THE CITY OF NEW YORK, FOR THE YEAR 1854." XVIII.—OF "THE CENTRAL PARK IMPROVEMENT FUND." XIX.-OF "THE PUBLIC STOCK FOR REBUILDING MARKET." XX.-OF " ASSESSMENT BONDS." XXI.-OF" MISCELLANEOUS DEBTS OF THE CITY." TOMPKINS * NOTE.—It has been thought proper to incorporate the various ordinances relating to the various city stocks, in the volume of city ordinances, in the form of an appendix to the general ordinances. They are different in their character from the latter, as they are, in fact, contracts with the public, creditor, and cannot be varied to his detriment. They are given in chronological order, without being classified by chapters, as are the general ordinances. Of "The New York City Stock." [By the act of June 8, 1812, 6 Web., 436, the Corporation was authorized to create a public fund or stock not exceeding 900,000 dollars, to be denominated "The New York City Stock." Under this act, the Common Council passed the following resolutions, &c. Min. Com. C. vol. 25, p. 211. For preliminary proceedings, see Ib. p. 197.] The Mayor, Alderman and Commonalty of the City of New York hereby re-affirm the ordinances heretofore passed in relation to the city debt, and which are hereinafter set forth, as follows, viz: (IN COMMON COUNCIL, June 29, 1812.) Resolved, That the Finance Committee and Comptroller be authorized to publish such part of the act of the legislature, regulating the finances of the city of New York, as by them shall be deemed proper; and to advertise the opening of books for subscription for a loan of six hundred thousand dollars of "The New York City Stock," bearing an interest of six per cent. per annum, payable quarter yearly; and that subscriptions be received at the Mechanics' Bank, from the day of July until the first of August next, unless, previously to the last-mentioned day, the whole sum shall have been subscribed, for any sums from one hundred dollars to the whole amount offered for subscriptions; but that certificates be not issued for a less sum than one hundred dollars, and not for any fractions; therefore the subscriptions must be made for hundreds or thousands. (IN COMMON COUNCIL, August 3, 1812.) Re olved, That until the further orders of this Board, the Clerk of the Common Council countersign the certificates of the City Stock, issued by this Corporation. A Law prescribing the form of certificates for "The New York City Stock," and for other purposes. (Passed September 28, 1812.) Be it ordained by the Mayor, Aldermen and Commonalty of the city of New York, in Common Council convened: That the certificates for "The New York City Stock," which shall be issued under and by virtue of the act of the legislature of the state of New York, entitled "An act to regulate the finances of the city of New York," passed June the eighth, one thousand eight hundred and twelve, shall be signed by the Comptroller and countersigned by the Clerk of the Common Council, and shall be in the form following, that is to say: "Be it known that there is due from the Mayor, Aldermen and Commonalty of the city of New York, unto assigns, the sum of or -dollars, New York City Stock, bearing day of interest at per cent. per annum, from the inclusive, payable quarter yearly, and the principal sum payable on or after the This stock is created by virtue of an act of the legislature of the state of New York, entitled An act to regulate the finances of the city of New York,' passed the 8th day of June, 1812; and by a resolution of the Corporation, passed the day of 1812: which debt is recorded in the Comptroller's office, and transferable only by appearance in person, or by attorney, at said office, according to the rules and forms instituted for that purpose." (IN COMMON COUNCIL, November 30, 1812.) Resolved, That the Comptroller be authorized, under the direction of the Finance Committee, to open the books for subscription to the New York City Stock, for the sum of one hundred thousand dollars, at an interest not exceeding six per cent. per annum, payable quarter yearly.* (IN COMMON COUNCIL, June 30, 1817.) Resolved, That the Comptroller be, and he is hereby authorized, under the direction of the Finance Committee, to dispose of one hundred thousand dollars of City Stock, to be issued for that purpose, at a rate not less than par, from the proceeds of which shall be paid a Corporation bond of ninety thousand dollars, due to the Mechanics' Bank, with the interest thereon, and the residue placed in the treasury. (IN COMMON COUNCIL, June 26, 1820.) [By act of 24th March, 1820, (Laws p. 85,) the Corporation were authorized to create a public fund or stock, not exceeding $400,000, in addition to that authorized by the act of June 8, 1812, to be denominated "The New York City Stock," bearing interest not exceeding six per cent., payable quarterly. Under this statute, the Common Council passed the following resolution. See Min. C. C. vol. 41, p. 146.] Resolved, That the Comptroller be authorized to give public notice in the papers employed by the Corporation, that books will be opened and kept during business hours, at the Mechanics' Bank, in this city, from the tenth to the twentieth day of July next, for the purpose of receiving subscriptions for a loan to the Corporation of this city, of any sum not * For proceedings of the Common Council as to loan of $100,000, of Sept. 15, 1819, see Index to Min. C. C. v. 38; also, p. 478; Clerk's rough minutes of Sept. 6, 1819; also, files of Comptroller's office. less than one hundred dollars, and exceeding two hundred thousand dollars. . That on the closing of such books, should the sum subscribed exceed in amount two hundred thousand dollars, the surplus will be deducted pro rata, from the amounts subscribed respectively; that on the twentieth day of July, the subscribers to the loan shall pay to the city treasurer, at the Mechanics' Bank aforesaid, five per cent. on the amount of stock to which they shall be entitled by their subscription, and that on the thirty-first day of July thereafter, the remainder of the sum subscribed shall be paid as aforesaid, when certificates of stock will be issued, bearing an interest of five per cent., payable quarter yearly, from and after the first day of August, one thousand eight hundred and twenty, and not redeemable until the first day of August, one thousand eight hundred and fifty. That in the event of a failure of the subscribers to pay the last installment on the day designated, the previous sums paid will be forfeited to the use of the Corporation of this city. Resolved, That the Comptroller be authorized, under the instruction of the Finance Committee, to apply the proceeds of the proposed loan to the payment of such of the outstanding bonds of this Corporation, as in their opinion, will be most to the public interest. (IN COMMON COUNCIL, March 12, 1821.) 1. Resolved, That a public market shall be erected upon the ground belonging to the Corporation, between Fulton street and Crane Wharf. 2. Resolved, That fifteen thousand dollars be raised annually, for ten years, by tax, which, together with the income from the said market, shall be appropriated to the Sinking Fund for the extinguishment of the debt created by the purchase of said ground, and the erection of suitable buildings, for a market on the same. 5. Resolved, That the two hundred thousand dollars authorized to be funded by the act of one thousand eight hundred and twenty, be funded in such sums and at such times, as the means may be required to defray the aforesaid expense; and that the amount thus funded shall bear an interest of not more than five per cent. per annum, and be redeemable at the pleasure of the Corporation, after years. 6. Resolved, That the counsel be instructed to prepare a memorial, to be presented to the legislature, at their next session, praying for an act authorizing the aforesaid; and that the clerk be instructed to give the necessary notice of the intention of the Corporation to apply for such authority. 7. Resolved, That so much of the foregoing resolutions as relates to the City Stock, be referred to the Comptroller and Finance Committee, with authority to adopt the necessary measures for carrying the same into effect. [By act of 28th of March, 1826, (Laws 76,) the Corporation was further authorized, as they might find it expedient, to create a public fund or stock, not exceeding, in the whole, $700,000, in addition to the sum authorized by the acts of 1812 and 1820.] Resolved, That the Finance Committee be authorized to effect a loan, on such terms, and to such an amount, not exceeding five hundred thousand dollars, as they may deem proper, for the purpose of redeeming such part of the City Stock, bearing an interest of six per cent., as is now unredeemed, agreeably to the provisions of "An act of the legislature, authorizing the Corporation of the city of New York to create a public stock," passed 28th March, 1826. (IN COMMON COUNCIL, December 1, 1828.) [By act of 19th April, 1828, § 3 and 4, (Laws, 372,) the Corporation were authorized to create a stock not exceeding $200,000, in the like manner, and on the like terms, as are contained in the act of March 28, 1826, except, &c. The only action of the Common Council seems to be the following:] The Finance Committee presented the following report on the subject of the Six per cent. Stock, &c.: The Finance Committee respectfully report, that four hundred and sixteen thousand nine hundred dollars of the Six per cent. Stock is redeemable; and that your Committee have directed the Comptroller to advertise for a loan of Five per cent. Stock, redeemable after the first of January, one thousand eight hundred and fifty, in order to substitute the same for the said stock so payable. The best offer is made by John Jacob Astor, and Prime, Ward, King & Co., viz: four and a half per cent. advance, which your Committee recommend to be accepted, and they therefore respectfully offer the following resolution : Resolved, That the Comptroller issue the stock certificates in the usual manner, to the said Astor, and King, & Co., and that the Finance Committee instruct the Comptroller and City Treasurer, as to the Six per |