New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-02-28

! 1Ioposais 10 De addressed to the Governor "A
the State and Endorsed Proposals for I,easin,
the New Canal" -N'"'ANs
J. MADISON WELLS
+ Governor of the State of T,onisIano
| AN ACT TO AUTHORIZE THE LEASE OF THE sr,
SECTION l. Be it enacted by the Senate o,,d
House Of Representatives Of The State of Lo,.;s;.
ana, IN General assembly conpened, That the
canal belonging to the Canal and Banking Com
pany, and constructed under the charter of said
company, incorporated March 5th, 1881, situated
lying and being in the parishes of Orleans and
Jefferson, together with all the rights, property
privileges and uses, in any way belonging and
appertaining thereto, or claimed by said company
under said act of incorporation, and which, by
virtue OF said act, reverts to the State on the 5th
day of March, 1866, be, and the same is, hereby
! ordered to be leased for a term of years not to
exceed fifteen, nor less than five years Provided,
however, that nothing in this act shall be 50 con-
strued as to have the effect of releasing the Canal
and Banking Company from the obligation of re-
turning the property herein described in the good
order and condition provided for in their charter
SEC. 2 BE At Further enacted, ETC., That it shall
De the duty OF the Governor, Immediately after
the passage OF this act, to cause to be advertised
IN one or more newspapers of the city of New
orleans' Tor the period of twenty days, that the
said canal, with all the rights and privileges ap-
pertaining thereto or claimed, and now enjoyed by
the Canal and Banking Company under its char.
ter-except sixty feet Immediately adjoining Cy-
press Grove and Greenwood Cemeteries, towards
the canal, which is hereby reserved by the State
Vi LOUISIANA for the use of the Fremen's Chart.
aoie ASSOCIATION of the city of New Orleans is |
for Inn
'l's act, ana TO call for sealed proposals for the
lease OF the same; Provided, that the lessee |
snan DC required to make the repairs described by
specihcations and plan in the report of the State
Engineer to the Governor, dated January 18th. |
1900 "hlch snail be made part of the lease that |
he will also be required to keep the canal. shell
ROAD ana al other property in good working order
and condition, as is provided by the charter of the
canal company that the cost of the repairs to the
extent of sixty eight thousand dollars shall he
allowed to the lessee, in three equal amaunts to
be deducted, one-third each year from the animal
rent; that the repairs and improvements nrov;dod
by this section, shall be made subject to the appro
val of the StateEngineer; Provided further, that
It be made condition of the lease that the lessee
shall permit the culverts now receiving the waters
of the Second Drainage District to remain onen
SEC. .. BE u further enacted ETC., That at
Inc expiration OF the time allowed for such adyer-
useineht the Governor shall accept such proposal
as Ut may oeem the most advantageous to the
o'a'e anu IorlhWlth submit the same, with his an.
pro7a 10 the Senate in Executive session for their
and If approved by the Senate, said
properly snail be put in the form of contract
oet"een the state, represented by the Governor.
anu tne lessee.; Prouaded, hoecever, that all the
Pioposas lof the lease OF said canal, which have
Ao' peeh accepted, shall be open to the inspection
d the members OF the Senate; Provided, that
lpon the opening of such proposals, if the Gov.
7rnor ana Senate shall decide that none of the
proposals are advantageous to the State, the Gov
srnor and Senate are hereby authorized and en-
powered to readvertise the same for the space of
'hlrIy days IN the newspapers the Governor may :
select in the city of New Orleans Aaad provided
tm Ju7The'' that in the Governor is not satis
led with the proposals to be received under the
econd advertisement he is hereby authorized and
Empowered, if the Senate be adjourned, to lease =
he same after twenty days. public notice to the :
erson Or persons who will offer the most for the
aid canal for twelve months. !
SEC. a. Be it further enacted, etc.. That all nro.
osals for the lease of the said canal shall he
ccompanied by the names of the sureties. and =
lie amount of security required shall not be for
amount less than one years rent and the les n
70 snail be bound to keep the canal in good order
I'd to comply with all the obligations to the State
I'd to the public, required of the Canal and Bank.
g Company by its charter, for the working and
OF said canal, under the penalty of
forfeiture of the lease, for the violation of the
me.
SEC. 5. Be 1t further enacted, etc., That the
oVernor is hereby authorized and required to take IN
lmediateiy after the hday of March, 1866, such
'oper and legal steps may be necessary to re-
'ver from the Canal and Banking Company any
aim which the State may have against said com. r.,
my under the provisions of its charter.
SEC. 6. Be 1t further enacted, etc., That this
i take effect from and after its passage.
(SigneD DUNCAN 8, CAGE
Speaker of the House of Representatives
(Signed) ALBERT VOORHEES,
eutenant Governor and President of the Senate
December 10, 1866.
(slgned) j. MADISON WELLS,
true copy: VI 1o' 0'''"n''
j. II. HARDY, FL