(91) 
of said architects be and hereby is fixed at 5% of the cost of 
the several works upon which they may be respectively em- 
ployed. 
The Board of Estimate and Apportionment at a public 
meeting held on September 29, 1897, after hearing objec- 
tions, unanimously adopted the following resolutions : 
fresolved, That the resolution of this Board, adopted Oc- 
tober 30, 1895, authorizing the issue of bonds to the amount 
of Twenty-five Thousand Dollars ($25,000) for the Botanical 
Museum, Herbarium, etc., provided for by Chapter 285 of the 
Laws of 1891 be and the same hereby is rescinded, and 
Feesolved, That pursuant to the provisions of Chapter 285 
of the Laws of 1891, as amended by Chapter 103 of the Laws 
of 1894 and Chapter 717 of the Laws of 1896, the Comp- 
troller be and is hereby authorized to issue bonds in the name 
of the Mayor, Aldermen and Commonalty of the City of New 
York, to be known as the ‘* Consolidated Stock of the City 
ot New York” as provided by section 132 of the New York 
City Consolidation Act of 1882, to an amount not exceeding 
Five Hundred Thousand Dollars ($500,000) redeemable 
within such period as the Comptroller may determine, but not 
more than thirty (30) years from the date of issue and bearing 
interest at a rate not exceeding three and one-half (3%) per 
cent. per annum, the proceeds of which bonds shall be ap- 
plied to defray the expenses of constructing and equipping a 
suitable fire-proof building for a Botanical Museum and Her- 
barium with lecture rooms and laboratories for instruction, to- 
gether with other suitable buildings for the care and cultiva- 
tion of plants and the expenses necessarily incident thereto, 
as provided for in said Acts. 
The specifications for the buildings designed by Mr. Gib- 
son having already been printed and approved as to form by 
the Corporation Council, the Commissioners of Parks adver- 
tised for proposals for their erection in ‘¢ The City Record,” 
on the day following the authorization of bonds by the Board 
of Estimate and Apportionment, and on October 18th re- 
ceived proposals from twelve different contractors, the lowest, 
