Show PAY PAY WARRANTS WARl ANTS IN ORDER ORDER I f Much Debate and Some Difference Over Resolution of Councilmen A resolution Introduced bv by b Councilmen I Peer Peery Pel I and at last Mondays session of o the council and Immediately withdrawn has been revised and Is ready I Ito to go before the council at Its next ses session slon sion The resolution In its revised condition conditio provides that warrants shall be paid In IQ their registered order the precedent to tobe tob tobe be b establishment by the date of o the war warrant warrant rant and that no warrants shall be ac accepted In lu payment of fines tineI forfeitures and licenses unless properly registered I The Time councilmen fathering the resolution claim that such a system will bring the warrants to par while on the other hand huud city declare It will give gin Investors with ith ready read cash an opportunity to obtain exorbitant interest I There la i a division of opinion on th the I point of 0 legality It Is II held by the city attorney that the resolution can become c effective only In the event that Not i Payable Out of Registered Order ii is I stamped on each lach warrant an alteration i i that he maintains the council Spas Jias as no authority to order as the form of o the I i warrants is determined and specified by h law The provision Involved In the In 1 would give the city elt the alternative of rejecting the warrants I i and as warrants of recent re ent issue would be hI worthless until all of ot the old pap paper r rIs Is redeemed it is likely that much op opposition opposition position will be advanced to the reso i i Union lotion More fore than of ot warrants are at present pres nt outstanding To obtain money mont each month sell their warrants at a 11 discount to saloon men and others who hold them until the face value can cann cani i be secured or 01 turn them in for license fees fee The discount runs from 10 to toper W 9 per cent which the lose in the transaction I The authors of ot the measure assert that outstanding warrants do not exceed the I annual taxation Income and that they the will all be redeemed in a year ear |