The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-25


To take Possession OF the Nonher6 Liberties Gas worki
and to create load therefor.
OF rhladepha do ordan nThat the Trustees of the PhS
SGp % Ga Gas & MSFs are hereby 20 tsSs
so soon after the rst day Of July, 1865 as can bel In
accordance with the terms Of an Act approved April l.
section Z THAI for the purpose Of enabling TIE Trus--
the Gas Works authorized bytho nrst section hereof tho
MAY, 9t 6e g hereby Sg'GSI5ed az to Osrrom on S
per cent Per 1nnn such sums Of money as the Trustees
and whopt requiring the Of any money therelS
the City Treasurer hereby directed the reauson Of
the Trustees 10 issue certificates OF the loan OF tho
Phade hA In such amounts aud to sHch parties they
SAID loan Tor the conversion OF the stock Of the
~ m be9s m rs Gas works and the prlncipal thereof
date Of such conversion and not before without con-
o ss P e nc S 9oder so SS' I f. IhS Of said loan
have been issued on the requon OF said trustees and
Section .. That the said Trustees shall apart out OF
the profits of said Gas Works, the Of twelve per
this ordnance for the purpose Of paying the interest
thereon aud for rembur,ins the principal thereof,
before the thirty fret day Of December and the
said loan Is redeemed, the sum Of SIX per cenam on
the amount OF said loan shall be paid by the said Trustees
70 the City Treasurer, who shah Apply three per conum
thereof to payment OF the interest sadoAn the
same may ia due and to no other purpose and the 70
Treasurer to the Commissioners Of the sinking Fund vino
shall invest the same and Its aecumuatOns In the
Phadclphis as sinking fund, which is hereby spScIS
cay pledged 10 the repayment Of said and any sur
plus remaining after the payment Of said Ioan shall b0
applied by the Commis Of the Sinking Fund towards
the eXnguishmen OF the other loans 20 the said Gas
Works any. otherwise OF the funded debt Of tho City 0e
Philadelphia.
Section Upon taking possession OF the works. pipes
6c. conveyed under authority OF this ordinance II shah
be the duty the Trustees Of the 9A Works make de-
tailed repOTt 10 Councils Of the property real and personal
conveyed and It's assessed value and the said TruE
shall have with respect to said works, pipes c The
powers and authority In all respects they now
have hereafter have, with respect the
already intrusted 10 their
Section s. For the purpose Of enabling the Trustees OF
the Philadelphia Gas Works to carry out the various
conhded them by Ordinances Of Councils, In
crease extend, locate, and improve In the econ0m
the Increasing wants Of the citizens for gas
hight, the said Trustees Hereby authorized and
required 20 regulate TIE price OF aud the several
products OF It's manufacture may from time TO time be
necessary the said price of gas to be the same Ia all the
control OF the Trustees.
70 this ordinance is hereby repealed.
RESOLUTION,
Directing Tie e''k 0i 00nlaGH BI oOan'u to Publish Loan
Resolved That the Clerk OF Common Council be autho
rzed publsh I'm two daily newspapers, daily for our
weeks ordinance presented 10 Common COancll at
meeting thereof held the 3th day OF October
1865, entitled An Ordinance 10 take possession OF the
Northern Liberties Gas Works and to create aIoan there
the said Clerk n the stated meeting Of Councils
next AFTER the expiration OF four weeks from the said pub
hoaon shapresont 10 Councils one ofeach Of said news
pGpors for every day In which the same shall have been
made, l0-3l-4w