New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-21
OBSERVATION-DISCLOSURES.

any nnnee existing or that may hereafter be enacted
sp 70 y sn os o s
u besides 81 arising
s Se" pas spa s ssspO during ps
well all the b on d eet and sho H.
o. contractors refuse neglect keep said
a md Ses q e r SLY u haSs ne he
s s sna y h
@ any court OIL competent Jurisdiction for the benefit
Ihs northeastern track shall exclusively for ears run
n From Rsys s n as ss
ne tracks shall be commenced simultaneously Rampant
ns e. s2 binding
tho adjudication the Council and to eomnIete he
same within one year after. 9e"'''s '''
Ih s contractors shall be bound pace keep
on sa oaas sufficient number of passenger cars
IS SsreaSeoe easd % ba n up
lo gu materials and labor required construction and
The city Of New Orleans shall be liable for any work or
S pshe Ss tSF these and outlay and
expense Of whatever kind shah be borne by contractor
The contractors shall furnish good and solvent
security satisfactory the Common Council tho sum of ten
thousand dollars TO guarantee the faithful performance ef he
The fare between Rampant street and Bayou Bridge or for
any distance between these points shall
The contractor shall annually pay into the CITY
Treasury upon the assessed value of sad roads Futures
road and fixtures shall be assessed by the usual
The road shall constructed under the supervision of the
City surveyor and in accordance with the lines grades to BE-
well understood that of failure by The contractor
70 begin or hnisi the work part thereof within the pc
ROD liked in the Council be dissatisfied with The manner
~ which The work is being executed the Council shall the
right to ann the contract without putting contractor in e
au required by article 1906 of the Civil Code ard without
applying to court OF Justice to annul the same without in.
deinnity and it is also we'll understood that In case The
tractor shall at any time abandon the work. not finish and
complete the same in conformity with his the said con-
tractor shall Forfeit all claims may for any part or Inc
work done by him the of abandonment and that
the city shall be thereby discharged any and a liability
therefor and it also well understood that such
nunen oil the contract the conaet-
or the ely OF New Orleans shall have the right the CON
tract at the risk and peril Of the securities in
soldo. '' -
The right Of shall be awarded party or parties
erng the largest bonus for the privilege bonus 10 be mid
IS follows to-wit onefth signing the contre he.
fore the city Notary and the balance two three and
four ~ notes of the purchaser purchasers endorsed 10
the satisfaction OF the Finance Committee with interest at the
rate Of per cent. per " -
The said railroad, cars fixtures and other apnurtensnces
shall revert the city the expiration twenty years
privilege valuation to be DISTINGUISHED
to be appointed by contractor or Contractors
and the other by the city and III the disagreement IA
10 said valuation between said thus appointed third
party or umpire shall be appointed by the District Courts
The decision thereby had TO be final. - e'''
New Orleans, May 8, 1860.
tSigncd LOUIS II. PILE City Surveyor
Approved by the Committees Streets and Landings of bb
Boards OF the Common Council.
GSignedl H. II. yENNARD
ssisaed} RoBr H iGYaHs Chairman.
mylo 22t HENRY DuREI, For Comptroller.
a. &34 CoapIRoLLERs OFFICE,
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