of interest, and for such periods, as may be prescribed by the said committee; which said bonds and obligations shall be a city charge, in accordance with the provisions of chapter 514 of the Laws of 1863, entitled "An act providing relief to indigent families of volunteers and persons who may be ordered into the military and naval service of the United States;" and the faith of the Corporation is hereby pledged for the payment of the principal sum secured to be paid by the said bonds and other obligations and of the interest to accrue thereon.

§ 2. It shall be the duty of the Comptroller to pay, upon the order of the said committee, to every citizen and every person who shall have declared his intention to become a citizen in the manner provided by law, who shall be ordered into the military service of the United States in pursuance of the provisions of the act of Congress known as the Conscription Act, and whose liability to serve shall have become fixed by the action of the Board of Enrollment of the district in which he is drafted, in case the said committee shall certify that the person so drafted is in indigent circumstances or is a member of the Fire Department, the sum of three hundred dollars for the relief of the families of the said persons so drafted.

§ 3. In case any such person who is a fireman, who shall be drafted as aforesaid, shall determine not to enter the military service of the United States and shall so certify to said committee, the Comptroller shall, upon his order, pay the sum of three hundred dollars, to which the person so drafted would be entitled for the relief of his family under section two, to the proper officer of the Government of the United States, to enable the United States to procure a substitute for such person.

§ 4. In case any person who is in indigent circumstances, or who is a fireman, who shall be drafted, as a fireman, shall procure a substitute to serve in his place, who shall be accepted by the Board of Enrollment and mustered into the service of the United States, the Comptroller shall pay, upon the order of the said committee, to the person so procuring the substitute, the sum of three hundred dollars.

§ 5. The Comptroller shall also pay to any person who shall volunteer as a soldier and who shall be accepted and mustered into the military service of the United States and sent to the proper rendezvous, as a substitute for some person who has been or may be drafted, the sum of three hundred dollars for the relief of the family of such volunteer; provided, however, that such payment shall not be made in

any case in which any other payment is made under the provisions of this ordinance to the person drafted or to any person as his substitute; the object of this provision being to prohibit the payment in any manner of more than three hundred dollars under the provisions of this ordinance to or for any person drafted, whether for the relief of his family or to or for the substitute who takes his place.

§ 6. The said committee shall have power, and it shall be their duty, to cause the enrollment lists to be scrutinized, the drawing in the several districts to be attended and the results recorded, and the circumstances and liability to serve of the persons drafted to be investigated by assistants to be selected by them; and the expenses of executing this ordinance by the Comptroller, not exceeding the sum of one thousand dollars, shall, upon his certificate and the expenses of the committee not exceeding the sum of one thousand dollars for each Congressional district on such certificate as the committee may prescribe, be audited and paid by the Comptroller.

§ 7. It shall be the duty of the said committee to make all needful arrangements for carrying out the provisions of this ordinance, and to aid drafted men and procure volunteers and substitutes for the purposes herein above specified.

An Ordinance to authorize the borrowing of money to supply deficiencies in the "Assessment Fund" for opening streets, avenues, and squares or public places, caused by delay in collecting assessments for said purposes, in pursuance of the eighteenth section of the act, chapter 579, passed July 20, 1853. (Passed May 7, 1860.)

The Mayor, Aldermen, and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

§ 1. The Comptroller is hereby authorized to borrow, on the credit of the Corporation, from time to time, such sums of money as may be necessary to supply deficiencies in the Assessment Fund caused by delay in collecting assessments made and levied for opening streets, avenues, and squares, or public places, and confirmed by the Supreme Court, not exceeding at any time the amount of such assessments which may be uncollected and due to the Corporation.

§ 2. For the moneys so borrowed the Comptroller is authorized, upon the presentation to and filing with him of the receipt of the

Chamberlain therefor, to issue an equal amount of bonds to the Corporation, to be known and distinguished as "Assessment Fund Bonds," payable within such periods as he shall deem expedient, not exceeding five years; the said bonds to bear interest at a rate not exceeding seven per cent. per annum, payable semi-annually on the first days of May and November in each year.

§ 3. The said bonds shall be signed by the Comptroller, countersigned by the Mayor, and sealed with the common seal of the Corporation, attested by the Clerk of the Common Council; and the same shall be transferable at the pleasure of the holders thereof only upon the books of the Corporation at the office of the Comptroller, either in person or by attorney; and certificates of such transfer shall be indorsed thereon by the Stock Clerk.

§ 4. For the payment of said bonds so issued and the interest thereon according to their tenor, the faith of the Mayor, Aldermen, and Commonalty of the city of New York, also the assessments aforesaid, with the interest thereon, are hereby solemnly pledged; and the Comptroller is hereby authorized to redeem and cancel the said bonds, from time to time, as they shall become due and payable, out of the moneys arising from the collection of the said assessments; also, to pay the interest to accrue upon said bonds from the moneys arising from the collection of interest upon said assessment.

§ 5. Separate accounts shall be kept, both by the Comptroller and the Chamberlain, of all moneys borrowed and received by virtue of this ordinance; and the same shall be applied to and used only for the purposes herein specified.

An Ordinance to authorize the borrowing of money to supply deficiencies in the "Street Improvement Fund" in pursuance of the eighteenth section of the act (chapter 579) passed July 20, 1853. (Passed July 16, 1860.)

The Mayor, Aldermen, and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

§ 1. The Comptroller is hereby authorized to borrow, on the credit of the Corporation, from time to time, such sums of money as may be necessary to supply deficiencies in the "Street Improvement Fund" caused by delay in collecting assessments made and levied

under the authority of the Common Council, to defray the expense of regulating, grading, curbing and guttering, flagging and paving, streets and avenues; constructing sewers, fencing and filling vacant and sunken lots, and for other purposes; provided the amount so borrowed shall not at any time exceed the amount of such assessments which may be uncollected and due to the Corporation.

§ 2. For the moneys so borrowed the Comptroller is authorized, upon the presentation to and filing with him of the receipt of the Chamberlain therefor, to issue an equal amount of bonds of the Corporation, to be known and distinguished as "Street Improvement Fund Bonds," payable within such periods as he shall deem expedient, not exceeding five years; the said bonds to bear interest at a rate not exceeding seven per cent. per annum, payable semi-annually on the first days of May and November in each year.

§ 3. The said bonds shall be signed by the Comptroller, countersigned by the Mayor, and sealed with the common seal of the Corporation, attested by the Clerk of the Common Council; and the same shall be transferable, at the pleasure of the holders thereof, only upon the books of the Corporation at the office of the Comptroller, either in person or by attorney; and certificates of such transfer shall be indorsed thereon by the Stock Clerk.

4. For the payment of said bonds so issued and the interest thereon, according to their tenor, the faith of the Mayor, Aldermen, and Commonalty of the city of New York, also the assessments aforesaid, with the interest thereon, are hereby solemnly pledged; and the Comptroller is hereby authorized to redeem and cancel the said bonds, from time to time, as they shall become due and payable, out of the moneys arising from the collection of the said assessments; also, to pay the interest to accrue upon said bonds from the moneys arising from the collection of interest upon said assessments.

§ 5. Separate accounts shall be kept, both by the Comptroller and Chamberlain, of all moneys borrowed and received by virtue of this ordinance; and the same shall be applied to and used only for the purposes herein specified.

An Ordinance to provide for liquidating the Floating Debt of the Corporation of the city of New York. (Passed August 11, 1860.)

The Mayor, Aldermen, and Commonalty of the city of New York, in Common Council convened, do ordain as follows:

§ 1. A public fund or stock, to be called "The Floating Debt Fund Stock of the City of New York," shall be, and hereby is, created for the sum of three millions of dollars, which shall bear interest at six per cent. per annum, payable quarter-yearly on the first days of February, May, August, and November in each year, and shall be redeemable on the first day of May, in the year one thousand eight hundred and seventy-eight.

§ 2. The said stock shall consist of thirty thousand shares of one hundred dollars each.

§ 3. The Comptroller is hereby authorized, from time to time, to invite proposals for the purchase of such portions of said stock as he shall deem it expedient to issue by public advertisement for the period of thirty days, and to award the same to the highest bidders therefor; provided that no proposals for such purchase at a rate less than the par value of said stock shall be accepted.

§ 4. The proposals or bids made for the purchase of said stock shall be publicly opened at the office of the Comptroller on the day specified in the advertisement therefor; and no such proposal or bid shall be opened before said day.

§ 5. The Comptroller shall determine which and what portion of said proposals shall be accepted; and upon payment to the Chamberlain of the respective amounts by the persons whose bids are accepted, he shall deliver to them proper certificates therefor, which shall be signed by the Comptroller and countersigned by the Mayor.

§ 6. The stock created and issued in pursuance of this ordinance shall be transferable only upon the books of the Corporation at the office of the Comptroller by the appearance, in person or by attorney, of the holders thereof at said office and the surrender of the proper certificates; but no new certificate for stock so transferred shall be delivered until the former one shall be duly canceled.

7. The Commissioners of the Sinking Fund are hereby authorized to bid for and purchase any portion of said stock upon such terms as they shall deem advisable.

§ 8. Separate accounts shall be kept by the Comptroller and the