The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-26
Az nRnINANcE

Totstcro,,ss Az oRDINAHCE
"a n % o. ,sS, IsS S0ros5n ios5 5at.l L6te' Gas WORKS.
oltES} EI' v6e select and Common Councils of the City
delphi epna 20 ordan That the Trustees OF the Pbla
so NJ the Works Of tho NorAcrn Liberties Gas Works
se9n sd'sr the nT;. DAY Of July 1862 as can BE- ia
section maj foE The purpose q enabling tho Trus-
t.c Gas Works authorized blythe hr7t section hereof
Crci, Of the city al rate Of interest not exceeding sN
cent per aunum, such of money the Trustees
may require not exceeding four hundred thousand de1,,
and without requiring c payment Of any money thfroflr
ne trustees issue certificates ihe loan hc CITY Of
Phadc ha In tuch amounts and TO such partcsa they
EotEcrn Liberties as works and he princI18I n gr,of
date 5f uch conversion and not before, without tho
shall be In ,hc usual form In which ccruHratcs heretofore
have been Issued on the requson Of SAID trustees, and
Section Iuat ne said Trustees SHAH SET apart out of
ecnun per annum on me amount borrowed by virtue Of
mis- ordinance Tor the purpose OF paying the interest
| when the same shan be rayabc3 and on or
! before TIE tlrty-hrs, day OF December and tho
said loan ls redeemed, the sum OF SIX per centum on
10 the City Treasurer who shall apply three per ccntum
hoeof TO The pnymentO the interest on SAID loan as the
naming three centum shan be paid over BY the said
70 ,ae Conmssioners OF te sinking EHnd VINO
he sed Cas- Works or In any other loans Of tho city
!
cay pledged 70 the repayment Of said loan; and any
plus remaining aer tc payment Of said loan, shall DO
applied by the Comuis oners OF tho Sinking Fund towards
tle eXingushmcnt Of the other loans 10 the said Gas
works any otherwise Of the funded debt Of tho CITY Of
Phi adelpha.
section Upon taking possession Of the works pipes
&C. conveyed under authority Of this ordinance t shall
he tho duy Of the Trustees Of The 9as Worksto make dc
tailed repO 10 Councils Of the property real and personal
conveyed, and It's assessed value; and tuo said Trus
tees thal have, with respect 90 said works pipes,
powers ard authority In all respects as they now
have, hereafter may have with respect to the works
already intIusted 20 their care.
Section b. For the purpose Of enabling tho Trustees Of
he Philadelphia Gas Works carry the various
gOnfded 20 thCm by Ordinances Of Councils, 10 in
crease, extend, locate, and improve In the
the pipes meters, and works under their care
as 10 meet the Increasing wants Of the Czens
Hight the said Trustees are hereby authorized and
tqured 10 regulate the price Of gas and the several
necessary; the said price of gas an the
wards OF the city supplied by the Gas Works under the
control OF the Trustees,
srcton 3. Anything IN any other ordinance contrary
n this ordinance Is hereby repealed.
RESOLUTION,
Directing the Clerk OF Common Council to Publish Loan
Bill
Resolved That the Clerk Of Common Council he autho-
Tzed 10 publish In two daily newspapers daiy for
stated meeting thereof held on the 2tn day OF October
1864 entitled IAN Ordinance to take possession OF the
Nor hen Liberties Gas Works, and 20 noan there
iOr' and the said Clerk at the stated meeting Councils
next after the expiration Of four weeks I'd
Bcaon, shall present to Councils ofeach said
papers for every day In which the sha
made. l0-Jl-4w