The above bids, amounting to $125,000, were accepted by the Comptroller with the approval of the Chamberlain, and awards of said stock made accordingly. GENTLEMEN-In pursuance of the provisions of section 146 of the New York City Consolidation Act of 1882, after due advertisement inviting proposals for $1,290,000 Three and one-half per cent. Stocks and Bonds of the City of New York, bids therefor were publicly opened by the Comptroller at his office, at two o'clock P. M. on the third day of November, 1884, as provided by law. These stocks and bonds were a portion of those for which proposals were invited to be opened on the 8th day of October, for $3,000,000, bearing interest at the rate of three per cent. per annum for which bids for $125,000 only, were received as reported this day. The interest payable on these stocks and bonds was not limited to three per centum per annum and proposals were invited at three and one-half per cent. to raise the money required for public purposes. The following bids were received, The following bids, amounting to the whole sum for which proposals as above stated were invited, being the highest bids at and above par, were accepted by the Comptroller, and the awards made therefor, have been approved by the Commissioners of the Sinking Fund present at said opening of the proposals, to wit.: Vermilye & Co., Blake Bros. & Co. and Geo. K. Sistare's Sons Additional Croton water stock of 1895... Vermilye & Co., Blake Bros. & Co. and Geo. K. Sistare's Sons- Vermilye & Co., Blake Bros. & Co. and Geo. K. Sistare's Sons- Total $240,000 00 at 100.89 450,000 00 at 101.13 300,000 00 at 101.13 300,000 00 at IOI. $1,290,000 00 Respectfully, S. HASTINGS GRANT, Comptroller. On motion, the report was accepted and ordered on file. III. CITY OF NEW YORK-FINANCE DEPARTMENT, To the Commissioners of the Sinking Fund: November 21st, 1884. GENTLEMEN-In pursuance of section 146 of the New York City Consolidation Act of 1882, after due advertisement inviting proposals for $1,000,000, Three per cent. Consolidated Stock of the City of New York, exempt from City and County taxation, for the purposes specified in said advertisement, which were publicly opened by the Comptroller, at his office, at 2 o'clock P. M., November 20th, 1884, as provided by law, the following bids at par, amounting to $380,000, were accepted and awards made therefor, with the approval of the Chamberlain, to wit.: "ARMORY BONDS" of 1895. B. L. B. Baylies, trustee for estate of James H. Blackwell, deceased.. $5,000 00 par. 70,000 00 par. The Comptroller submitted the following preamble and resolution, viz.: Whereas, The Board of City Record have authorized the advertisement in certain daily newspapers, by the Board of Education, of the sale of the premises Nos. 135 and 137 Mulberry street, on April 24th last; Resolved, That the Commissioners of the Sinking Fund do hereby direct that the bills for advertising said sale in said newspapers by the Board of Education, be paid as approved and certified by said Board, amounting to the sum of one hundred and sixty-four dollars. On motion, the resolution was unanimously adopted. The Comptroller submitted the following resolution, viz.: Resolved, That a warrant for the sum of fifty dollars ($50) be drawn in favor of Richard V. Harnett, payable from the appropriation "Commissioners of the Sinking Fund, Expenses of," 1884, to pay him for appraisement of rent for part of Manhattan Hall, to be used by the Eleventh District Judicial Court. On motion, the resolution was unanimously adopted, and the bill submitted with the resolution was ordered on file. The Comptroller submitted the following resolution, viz.: Resolved, That a warrant for the sum of twenty-five dollars ($25) be drawn in favor of Hugh N. Camp, payable from the appropriation "Commissioners of the Sinking Fund, Expenses of," 1884, to pay him for appraisement of rent for part of Manhattan Hall, to be used by the Eleventh District Judicial Court. On motion, the resolution was unanimously adopted, and bill submitted with the resolution was ordered on file. The Comptroller submitted the following resolution, viz.: Resolved, That a warrant, payable from the appropriation "Commissioners of the Sinking Fund, Expenses of," 1884, be drawn for the sum of three dollars ($3) in favor of Williams Brothers, to pay them for posting bills for sale at public auction of school property, Nos. 135 and 137 Mulberry street, November 13th, 1884. On motion, the resolution was unanimously adopted, and the bill submitted with the report was ordered on file. The application of Thomas Ward, for "a lease of about sixty feet of filled-in land at the foot of West Seventy-eighth street, dating from May 1st, 1885, to May, 1895, ten (10) years," was received, and, on motion, referred to the Comptroller. The Comptroller and Chamberlain, to whom was referred a communication from Gen. Shaler, Secretary of the Armory Board, in relation to building an Armory for the Twelfth Regiment, submitted the following report, viz.: CITY OF NEW YORK-FINANCE DEPARTMENT, To the Commissioners of the Sinking Fund: GENTLEMEN-At a meeting of this Board, held on the 13th instant, a communication from General Shaler, Secretary of the Armory Board, was presented, submitting a preamble and resolution passed at a meeting of said Board November 10, accompanied by plans and specifications for an Armory building for the Twelfth Regiment, and also an estimate of the cost of erecting said Armory according to said plans. These documents were referred to the Comptroller and Chamberlain, who respectfully submit the following REPORT: The Armory Board have approved of said plans and specifications of an Armory building for the Twelfth Regiment, and recommend that the building be constructed in accordance therewith, subject to such modifications as may be suggested or approved by the architect, at a cost not to exceed the sum of $300,000, which amount the Armory Board have recommended shall be appropriated for the erection of said building. The sum of $208,000 has been heretofore appropriated for the purchase of a site of an Armory for the Twelfth Regiment, to be located at Ninth avenue and Sixty-first and Sixty-second streets, and the sum of $1,305.08 to pay the legal expenses attending the examination of the title to the land. We are of the opinion that the total cost of said Armory, including the cost of the land and the construction of the building thereon, should not exceed the sum of $500,000, and we, therefore, submit a resolution to authorize a further appropriation and expenditure of $290,694.92, the balance remaining from said amount, for the construction of the Armory building, including compensation of the architect and all expenses whatever attending its erection according to said plans and specifications, for such action thereon as the Commissioners of the Sinking Fund may deem proper and advisable. Respectfully, S. HASTINGS GRANT, Comptroller. Resolved, That pursuant to the provisions of section 3 of chapter 91 of the Laws of 1884, the Commissioners of the Sinking Fund do hereby concur with a resolution adopted by the Armory Board, at a meeting held October 10th, 1884, recommending the construction of a building for an Armory for the Twelfth Regiment, to be located at Ninth avenue and Sixty-first and Sixty-second streets, in accordance with the plans and specifications approved by said Board, and that the sum of two hundred and ninety thousand six hundred and ninety-four dollars and ninety-two cents ($290,694.92) be and is hereby approved as the amount to be appropriated and expended for constructing said building, the said plans and specifications to be subject to such modifications as may be suggested or approved by the architect, to bring the cost of construction to a sum not to exceed said amount, which sum shall include the compensation of the architect and all expenses attending the erection and completion of said Armory building ready for occupation; provided that no expenditure therefor shall be incurred until the money is raised from the sale of bonds for the purpose, and a contract shall have been made at public letting pursuant to the general provisions of law as to public contracts in the City of New York, contained in sections 59, 64 and 65 of the New York City Consolidation Act of 1882, and as prescribed by said section 3 of chapter 91 of the Laws of 1884. After discussion, in which General Shaler participated, the Mayor moved that the report be accepted; which was unanimously adopted. The Comptroller moved that the resolution be adopted, which was not carried; the Mayor, Recorder and Chairman of the Finance Committee of the Board of Aldermen voting in the negative and the Comptroller and Chamberlain voting in the affirmative. After a further discussion and explanations by General Shaler and members of the Board, the Recorder stated that he had received additional information on the |