106] ANNUAL REGISTER, 1817. 



Our good city of Paris, having 

 been placed under the necessity of 

 issuing negotiable bills foi' raising 

 the funds of whicii it stood in 

 need, by the expences consequent 

 upon the military occupation of 

 the city in 1S15, and by those in- 

 curred in consequence of the in- 

 clemency of tlie .seasons of 1816, 

 we had authorized, by our deciees 

 of the 13th of September and 4th 

 of October, 1815, and of the 15th 

 of last January, the creation and 

 alienation of 1,500,000 francs of 

 perpetual rent, the produce of 

 whicli was to be em|)loyed for li- 

 quidating the debts of our good 

 city of Paris. 



But it having been represented 

 to us, that the alienation of these 

 1,500,000 francs of revenue has 

 only proceeded to a small extent, 

 and tliat the municipal admini- 

 stration of the city being con- 

 vinced of the difficulty which it 

 would have in redeeming it, pre- 

 fers the adoption of another mode 

 of extinguisiiing the debt, we have 

 decreed : 



Art. 1. That our good city of Paris 

 is authorized to create 33,000 obli- 

 gations to the bearer of the value 

 of 1 ,000 francs each, forming the 

 sum of 33,000, 000 of francs, pay- 

 able in the space of 12 years from 

 the first of next October. 



Art. 2. These obligations will 

 be subjected only to the stamp 

 duty, and will bear 6 percent, in- 

 terest, payable every threemonths ; 

 enjoying besides a premium, the 

 amount of which will be deter- 

 mined by a lottery, in the propor- 

 . tion which will be fi.xed by an an- 

 nexed table. 



Art. 3. The discharge of the 

 obligations and the payment ot the 

 premium;? will be effected every 



quarter, by a drawing, which will 

 take place at the Hotel-de-Ville, a 

 month before the day of payment 

 arrives, in such a manner that, in 

 the space of 12 years from the 

 1st of October next, to the 1st of 

 July, 1829, there will be made by 

 the city of Paris 48 quarterly pay- 

 ments, to liquidate the whole of 

 the obligations and premiums, to- 

 gether with the interests conform- 

 ably to an annexed table. 



Art. 4. The city of Paris is au- 

 thorized to negotiate the 33 mil- 

 lions of bills at the price and on 

 the conditions which have been 

 accepted by the municipal council. 



Art. 5. The funds arising from 

 this negotiation of bills will be em- 

 ployed exclusively in withdrawing 

 from circulation that portion of its 

 reiits already engaged, &c. 



Art. t>. To guarantee the pay- 

 ment of obligations, premiums, 

 and interest, there will be allotted 

 to the budget of Paris every year 

 during the currency of the 12 

 years, a sum of 4,348,000 francs 

 assessed upon its fixed or eventual 

 revenues. This assessment will 

 form the first jiart of the extraor- 

 dinary expenses of the city. 



Certain duties of tolls, maikets, 

 &.C. are particularly specified as 

 security for these payments. 



Then follows the contract en- 

 tered into by the Prefect of the 

 Seine, acting for the city of Paris 

 on the one hand, and MM. Domi- 

 nick Andre and Francis Cottier, 

 Basoni, L. Goupy, and Co. H. J. 

 Hentsch, Blanc, and Co., J. M. 

 Rosthchild, O. Worms de Romilly, 

 on the other ; by which the for- 

 mer agrees to the propositions 

 made by the latter five mercantile 

 houses, and receives from them 

 an obligation to pay into the 



treasury 



