New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-02-23
LAWS OF LOUISIANA.
& An Acr

i
4 No. III - 8. s
!, TO AUTHORIZE THE LEASE OF THE NEW CANAL
!, SECTION |. Beitenacted By the Senate and Hotts
4 Of Representatives Of the State of Louisiana q
v General assembly conuened, That the canal be
!, longing to the Canal and Banking Company, ane
/, constructed under the charter Of said company
Incorporated March 18th, 1881 situated, lying and
i being in the parishes of Orleans and jefferson,
together with all the rights, property, privileges
and uses in any way belonging or appertaining
Il thereto Or claimed by said company, under said
act Of incorporation, and which BY virtue Of said
i act. reyerts to the State on the 9Th day of March,
i 1866, be and the same is hereby ordered to be
leased for term of years, not to exceed fifteen
| nor less than five years Prouided hoaceve,, that
nothing id this act shall be so construed as to have
| the effect Of releasing the Canal and Banking Com
pany from the obligation Of returning the property
herein described in the good order and condition
provided for in their charter.
SIC. 2. Be 1t further enacted, etc., That it
shall be the duty Of the Governor Immediately
after the passage Of this act to to be adver
Ftised in one or more papers Of the city Of New
Orleans, for the period Of twenty days, that the
said canal, with all the rights and privileges apper
tanning thereto o. claimed and now enjoyed by the
Canal and Banking Company, under its charter
except sixty feet Immediately adjoining Cypress
Grove and Greenwood cemeteries, towards the
canal which is hereby reserved to the State Of
Louisiana, for the use Of the Firemans Charitable
Association Of the city Of New Orleans--is offered
for lease as set forth in the first section Of this
act and to call for sealed proposals for the lease
~ ncar yJa1 $hn% ~ III L,
required to make the repairs described by specif-
cations and plan in the report Of the State Engi-
.neer to the Governor, dated January (lsth, 1861
eighteenth, one thousand eight hundred and sixty
six, which shall be made part Of the lease; that he
will also be required to keep the Canal Shell Road
and all other property in good working order and
condition. as provided by the charter Of the Canal
Company that the cost Of repairs to the extent
Of sixty eight thousand dollars shall be allowed to
the lessee, in three equal amounts to be deducted
one third each year, from the annual rent that
the repairs and improvements provided by this
section shall be made subject to the approval Of
the State Engineer Prouided further, That it be
made condition Of the lease that the lessee shall
permit the culyerts.now receiving the waters Of
the second drainage district to remain open.
SEC. 8. Be 1t further enacted etc., That at
the expiration Of the time allowed for such adyer-
tisement the Governor shall accept such proposals
a. he may deem the most advantageous to the
State, and forthwith submit the same, with his ap
prevail to the Senate in executive session for then
approval, and if approved by the Senate said pro
posal shall be put in form Of a contract between
the State represented by the Governor and the
lessee Provided, ho,reuer, That all the proposals
for the lease of said canal which have not been
accepted, shall be open to the inspection Of the
members Of the Senate; P,oyided, That npon the
opening Of such proposals, if the Governor and
the Senate shall decide that none Of the proposals
are advantageous to the State, the Governor and
Senate are hereby authorized and empowered to
readvertise the same for the space Of thirty days
in the newspapers the Governor may select, in the
city Of New Orleans. And provided, stu further,
That in case the Governor is not satisfied with the
to be received under the second adyer-
tisement, he IS hereby authorized and empowered,
# the Senate be adjourned, to lease the same
after twenty days public notice, to the person Or
persons who will offer the most for the said canal
for twelve months.
B SEC. 4. BE Il further enacted, ETC., That all
proposals for the lease Of said canal shall be ac
companied by the names Of the snreties, and the
amount Of security required shall not be for an
amount less than one years rent, and the lessee
shall be bound to keep the canal in good order and
to comply with all the obligations to the State and
to the public, required Of the Canal and Banking
Company, by its charter for the working and pre-
seryation Of said canal, under penalty Of for
feiture Of the lease, for the violation Of the
same. s2
PIG. Z. Be e .fsrtheis enacted, etc., That the