Show v C CITY COUNCIL utr Pursuant to all tbe City Council convened in special 4eion on Friday evening Mfcy 21e I860 Mayor Little presiding The mayor stated that the object in calling P special meeting nof the Council was to consider and if possible pos-sible take final action upon tho rej oluton authorizing the issue of coupon hoods I became necessary in view of the preeut condition of tit city finances to realize money upon the bonds a early as possible in order to meet payments as they become due Ia the prosecution of work upon the Jordan and Salt Lake City cana Consideration of the resolution was resumed upon its second loading at the point providing for the establishment establish-ment of I sinking fund consisting of onefifth of the city revenue to beset be-set aside every six months and held by the treasurer for the sole purpose of paying the interact and redeeming the bonds The resolution was thoroughly discussed and regularly adopt 3d after which it was resolved that thp mayor te authorized to proceed pro-ceed to San Francisco at the earliest practicable day and secure the execution execu-tion of the bonds authorized to be issued is-sued hy toe resolution adopted this day dayThe The special session ten adjourned sine die |