The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-28


To take Possession OF the Northern Liberties Gas worE
ana TO create load therefor.
Section l. The select ana Common Councils OF the clty
OF Philadelphia do ordain THAT Trustees OF the Pha
depha Gas Works hereby authorized to take
after the iIst day OF july lS65 be; In
accordance with the terms OF Act approved Aprl 1.
section 2 That ioT the purpose Of enabling the Trus
usS ., snS IA & a., SS ,,n ss 40, os
Mayr Of he S hereby authorized az 70 TO- bsrrSm On ne
pey cent per annum, such OF money the Trustees
may require exceeding four hun red thousand dears
he CITY treasurer hereby decicd on rcSusiion Of
The Trustees 10 Issue certificates OF the loan OF the CITY o.
Philadelphia in sueh amounts and % saeh parties a. they
shah designate not exceeding said sum - -
SAID loan be used the conversion OF the stock OF the
Northern Liberties Gas Works sn9 me pnneips
10 be payable az the expiration OF neen years tr0m the
SENT Of thS hodeFs thereof Ihe Certificates OF said loan
shall be in the usual form which certificates heretofore
s6a be tfanssra6e at the ofee Of the city Treasurer
That the said Trustees shall set apart out oe
the pFOnts OF said Works, tho sum OF twelve per
centum per the amount borrowed BY virtue Of
.hereon and tor reim6arsine iae principal thereof,
when the same shal be PAYABLE and on or
hirtieth day OF June in every year. until the
said loan Is redeemed, the sum q SIX per eentum ON
10 me City Treasurer who shan apply three per centnm
thereof to the payment OF the interest on sa1 oah as me
same may IA due and other purpose, and the re-
maning three per centum sha be raid over by he said
Treasurer 70 tie Commissioners O. Ie & 5,nAs ~ aha' wae
shall invest the same and s aeelmuAo1s ~ tns loans 70
The Gas Works in any other loans OF INC CITY
PHILADELPHIA sinking hhl hiiNh AeANs1 1pcclh~
cay pledged the repayment on saa o1h ana any sur
applied by the Commits sionefs oi te 0uAs ndtpWard1
INC exngus Of the ether loans 20 the SAID Gas
works. any otherwise Of the innaea debt Of the CITY os
section Il tpon taxing possession Of the works, pipes.
be- conveyed under aUhory Of this ordnance, u SHAH
he lie dUy OF he Taeos cf tho aai Works 70 make de
talked rep6r 10 Councils Vi The property zeal and PERSONAL
ices bre Vifh rcsptci sad woE plpns Nc., the
fame poWers and authority IN a fesptca q, tney nov
layc or hereafter may have, Wtb Ie6pae 10 the Worh1
already intruatcd 81 their care,
grctcnE Nor the purpose of enaslnf tho Trustees %
90 phlsdc'phil Gas Works 90 carry the various q usiH
uCnaded 10 them by Ordinances oi councils, ana 70 M
cease extend locate and improve Nm me most econo
30 u Ia meet the Increasing wants et the chens or gas
lght inc sHid Trustees arc hereby authorized and
REQUIRED 10 regulate tho price Of gas ano the several
prrc OF is manufacture as may lrdn tmo.tO time 10
the said price az 70 be the same in an tho
WARDS II ihe CITY supplied BY e Gas Works under the
settcn B. Anythne IN any oil er ordinance contrary
tO this ordnance is hereby repealed.
RESOLUTION,
DIRECTING Tie Clek Of Common louncl 20 PuOish al A,
Horo.vo5, That tha CLERK Of Common Council be -.
~ ca 70 publish IN two daily neRsp apcrs, ahlly r. ~
weeks the ordinance presented 10 Common Couu Al AZ
f.ated meeting hcreot, held on ihe 2lth day of 0esh
1868, entitled IAN Ordinance 10 take possess an IN If
for /" ana ihe sad Clerk the stated meeting AZ toano
next AFTER tho expiration OF -four weeks from pno
ncaugn Ehallpre ent 20 Councils ofeacf new p
par crs Tor every day In which The same sa ~ "a
mnll. A"-'i-tW