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

To take Possession Of The No Liberties Gas wors,
Section l. III" select anu CSsmon Councils Of the city
hudC.pla dc Ordan That the Trustees OF me Fbt-
Works Of the Horrhcrn Liberties Gas Works.
alter the hrst day OF July, 1870 as can Oe Ia
accordance with he terms Of an Act approved APh l.
tees eSGs@ of ire Pns ebs Cas- ~oEs to take oosscson oC
The Gas Work. authorized uye hfSt section hereDi tls
credit Of he yity st rot exceeding SIX
peT cent per annu such sums ot the trustees
may rcirc not exceeding four aun red thousand delarS.
anu wihU requiring The payment any money trel'r
ho CITY lrcssrcr HEREBY al ec,tI on o.
tic uUstcs % Issue certificates Of ihe loan Of he Ciyo
"a IA designate not eASeeiius SAID sum , ,,,,.
Said ioKu tn be used to Tic ccuycrson tAe stock d the
10 be paNRUe at tho expiration OF ttuen yodS 0m the
OF such conversion and not bGore without tae con-
shall be the u,ual form In which cruhc;os heretofore
have been itEned the reulsilo1 Of sad ee ana
shall be Transferable at The otice orte Cy Treasurer.
section 3. said Trustees shall SO. tpac cut o.
cen ma per the amount borrowed 6' virtue Of
@ cr"snSe S' g e9rGss ii The ptI orep S RSTo
when tho same shEn be pai iahlti aud on or
tHrfctH da, OF June in every year, un,il tho
said loan is redeemed, The eunl OF six per cvnum On
10 the city TREASURE VINO shs arpy three per centum
to tho payment o. the iucr 81 on sail lDan rs tho
Gmo may ta due, and to no otner purpose and the re-
mainup three per centuW sha be pag over by the sAid
TIcau tho Conmissoncrs Of ne snkIng Fund who
shb invest TIC sano and It's uustons ia the osns te
tie s,d Gas WORKS, in any other loans OF tho Cy %
Philadelphia as sinking fund WINCH Is mercy osoln7
cay pledge fhc repayment az said loan and any sur
remaining the mthl ul sdlu alAl
applied the Commit sioners o the Sukng FUND towards
ne exunputlmrEt Of re 0heT loans u tho said Hal
Works AHy otherwise Of the funded d-bt OF the CRY OF
| Philadelphia. ,--
C. uLdeT authOHty OF this ordnance, II shah
hC the outs TTus Of tho 4as Works 30 make do
thtd repOr- COUDcls II t property real and person
80 convey ed and s assessed 'aue and ae SAID Irus-
tees small have viii rCsUect 20 sAu works, pipss &C. tht
snne powers ard authority In all spectY a. they no
have or Hereafter may have, vita respec 20 tho works
] HlrpeuN intusttd 20 their care.
Stctau Tor tho purpose Of CnnslUg the trustees "a
the - Works o. carry oHt the various trdsta
uOuHded tu il.W by OrGnarCHs ~ councils ana 70 W
crease. cs.tn' cite ard improve M thf 'aIst e'onom
lhc piNca me.grs, ans Works undo7 er care
meet The Increasing wants OF itc clfeus ~ kAa
/ Nght, the sEid Trustees arc hereby uuho Yea ano
rtqur,d regulate the price OF gas Alu the severe
products ts manufacture as may from ume 70 'mo 2,
WarlB of tho Cy supplied by the GAS WOiks under th
control Of rho Trustees. =, - ...,.
| 70 this ordinance % hereby rcpcaen
! RESOLUTION,
Directing the CLERK ol Common Council TO fubh'h Los
! Bil.
Resolved, That tho Clerk Of Common Councl be authf
Tled 10 puhlirh IN daily newspapers, daN, t9r ov
weeks. the ordinance presented 10 Common tplncl NJ
stated meeting thereof held ON The fitn day OF Octo1e
1851 entitled IAN Ordinance 10 take possession ol U
Northern Liberties Gas Works and 20 create loan then
for and the sad Cerk the stated meeting of Count
next auer the expiration OF 1ur weeks from the SAID pt
ucann shall present to Councils one each Of sld new
a1~I5c ' l0-9l-4W