The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-14
Az ORDINANCE
AN ORDINANCE
To take Possession Of the northern Liberties Gas Works,

AN ORDINANCE
To take Possession Of tho Northern Liberties Gas Works
and TO create load therefor
Section l. The Select and Common Councils Of the city
of IhiadOpha ordan Thathe Trustees Of tho Phli-
depha Gas WORKS, hereby authorized TO take
so soon aiter the first day July, 1865 as can be Ia
accordance with the terms of an Act approved April l,
section Ihai for The purpose Of enabling tie Trus,
% % ~ ~, bv'6e 6rst ASTON IeSsnT tse
Mayer OF the city s hereby authorized to borrow on the
credit of the city at rats Of interest rot exceeding sx
cent per annum such sums Of money the Trustees
may require not exceeding four hundred thousand dollars.
the City treasurer heieDy directed ON tie requston Of
the Trustees to Issue certificates OF the loan Of the city of
fhedelrha In such amounts and TO such paricSas they
shall designate not exceeding said sum
said be used the crson Of the stock Of the
Northern Liberties Gas WORKS, and the principal thereof
To be payable at the expiration Of hocn years from the
sent ofthe holders thereof lne certificates Of said loan
shall be IN the usual form m which eercste heretofore
shall be transferable az the office Of tho City Troasuror
Section D. That the said Trustees shall ser apart out of
,he profits OF said Gas Works, tho Of twelve per
Centum per the amount borrowed by virtue Of
thereon aud fT TSmBar.ng the principal thereof
whon hS same r, shs' De payable; ana ." ,S Ss
pirueth day Of June in every year, until the
the amount ossid loan shall be paid by the said Trustees
70 tho CITY Treasurer, who shan aBpy three per centum
may sn due, and to no other purpose and the re;
maining three per eent shan be pad Oyer by me said
shan invest the same and It's aeclmulations IN the
me sac as % N S amy Mbcb n bsreS
cay pledged TO tie repayment of said loan and any sur
Plus remaining aer the payment OF said loan, sheu be
apped by tho COMMISSIONS tho shaking Fund towards
ne eNtngushmont o. me other loans 10 tho said Gas
Works any otherwise Of the funded debt of the City O
! Phiadelpha.
&c cOnyeye undOr AuthOrty OF this OrdnApce shall
be The duty Of the Trustees Of the las Works 70 make do
tailed repor 10 Councils Of the property real
conveyed, and its assessed value; and tao said prus
tees have with respect to SAID works. pipe &C. the
same powers and authority In all respects they
have hereafter have with respect to the works
| already intIusted 90 their caro-.
Section s. For the purpose Of enabling the Trustees OF
the Philadelphia Gas Works % caryo out the various trusts
cOndded them by Ordinances OF Councils, ami 10 In
crease eNend locate and improve In the most eoonOml
cal manner the pipes meters, and works uRder their care
40 as 10 meet the Increasing wants Of the czons Tor
llgbt. the said Trustees hereby authorized and
required so 20 regulate the price OF gas ana the several
products OF It's manufacture may ro2 time 20 time b9
the said price " gaH to be Lle same In All the
Wards OF the oily supplied by the Gao Works under the
ssctign b. Awning in any other ordinance contrary
| 60 dis Orduauc8s5 hereby rtl"Atl.
| FEBOIUILON,
pugcuE the ClGrk o. Common lOJLtNt 10 PuplsA Loan
Raso.yeF That the Cle.l nj common Council be au.ho
r2ea 10 publish daily news papers, dauy, lJr our
weeks the ordinance presented 70 Common Council 70
stated meeting thereof held ON tho gan DAY Ot Oe'oDf,
1864 entitled IAN Ordinance to take possession on me
Northern Liberties Gas Works, and 20 create aoan ther-
iOr;" and the said Cork al Jhe stated meetn{ot toInois
next after the expiration OF four weeks nom INC sad puD-
Meatgn, shan present Councils one OIoacn o sd s.
! made l0-3l-Aw