New Orleans daily crescent., 1866-02-17

J Il STATE of LOUISIANA EXECUTIVE EpARTMENT,t
Il 5sh5 4a Il New Orleans, February 10th, 1866, .
In conformity to the following act of the Gen
era1 Assembly, sealed proposals will be received
at this office for the period OF twenty days from
! 1.-The date hereof, for the LEASE OF THE NEW
CANAL, on the terms and conditions set forth IN
\ the act hereto annexed.
!, Proposals to be addressed to the Governor toi
!. the state and indorsed :" Proposals for Leasing
4 the New Canal. y Il n ~
KS Il u MADISON WELLS,
f5 Governor Of the State of Louisiana
/ AN ACT 70 AUTHORIZE THE LEAsEoF THE NEW cANAL.
SECTION j. Be 1t enacted by the Senate and
Hosse Of Representatives of the State of Lo,iisi-
ana, il, General Assembly conue,aed, That the
canal belonging to the Canal and Banking Com
pany, and constructed under the charter of said
company, incorporated March 9th, 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 reyers to the State on the 5th
day Of March, 1866, be, and the same is, hereby
ordered to be leased for q term Of years not to
exceed fifteen, nar less than five years; Provided,
however, that nAthng in this act shall be SO con-
strucd 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 it fatsthe, enaeted ETC., That it shall
be 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, for 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
Of Louisiana, for the use Of the Firemen's Chart
able Association of the city of New Orleans, is
offered for lease as setforth in the first section of
this act, and to call for sealed proposals for the
lease Of the same; ProUided, that the lessee
shall be required to make the repairs described by
specifications and plan in tue report of the State
Engineer to the Governor, dated January 18th,
1866, 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 sproyided by the charter of the
canal company; that the cost of the repairs to the
extent Of sixty eight thousand dollars shall be
allowed to the lessee in three equal amounts, to
be e{deducted, third each year from the annual
rent; that the repairs and improvements provided
by this section shall be made subject to the appro-
val Of the StateEngineef; Provided further, that
it be made condition of the lease that the lessee
shall permit the culverts receiving the waters
of the Second Drainage District to remain open.
SEQ. s. Be 1t further enacted, etc., That at
t,oo of hn all
tisement, the Governor shall accept such proposal
as he may deem the most, advantageous to the
State, and forthwith submit the same, with his ap
proval to the Senate in Executive session for their
approval, and if approved by the Senate, said
property shall be put in the form of a contract
between the State, represented by the Governor
and the lessee; Provided, homeuer, 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; Prouided, that
upon the opening Of such proposals, if the Gov |
ernor and Senate shall decide that none of the |
proposals are advantageous to the State, the Gov
ernor and Senate are hereby authorized and en- |
powered to readvertise the same for the space of
thirty days in the newspapers the Governor may |
select in the city Of New Orleans; And Irouided |
staN further, that in case the Governor is not salts
led with the proposals to be received under the |
second advertisement, he is hereby authorized and
empowered, if the Senate be adjourned, to lease |
he same after twenty days public notice to the /
person or persons who will offer the most for the
aid canal for twelve months. 8 |
SEC. 4. Be 1t further enacted etc., That all pro-
'osals for the lease Of the said canal shall be /
accompanied by the names of the sureties, and Il
he amount Of security required shall not be for /
IN amount less than one years rent; and the les
zee shall be bound to keep the canal in good order
md TO comply with all the obligations to the State
md TO the public, required of the Canal and Bank
ng Company by its charter, for the working and
preservation Of said canal under the penalty Of
forfeiture Of the lease for the violation of the
,ame.
SEC. s. Be Il further enacted, etc.. That the
Governor is hereby authorized and required to take
Immediately after the fifth day of March, 1866, such
proper and legal steps as may be necessary to re-
'oyer from the Canal and Banking Company any d
'ialm which the State may have against said com,
'any, under the provisions Of its charter.
SEC. g. Be il further enacted, ETC., That this
lct take effect from and after its passage.
M tsigned, DUNCAN s. CAGE, Ii
Speaker Of the House Of Representatives. !
g5A ShSf6Aeu iaLbEiI NOURHlEsS, Fi
Lieutenant Governor and President of the Senate :
Approved December 10, 1866. Ii
eSigned) j. MADISON WELLS, lsT
true copy: eltta :. - 1'''-,4'
J. H. HARDY,
Secretary Of State.
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