The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-30

for The last few wears. The charter allowing the
city the right to purchase at this time gives her
the advantage Of stepping into, and OF enjoying
the benefit Of this profitable institution.
The annual receipts now being 335 per cent.
more than the receipts on the actual estimated
value and running expenses, will enable the city
il she desires to do, to reduce the present
water rents just in that proportion, say to the
amount of 335 per cent, thus Immediately show
ing and demonstrating to the people of New Or
leans the wisdom and economy Of the purchase.
AL Of which is respectfully submitted.
Yours, etc.,
JOHN NJ. G. PARKER.
JOSIAH B. RICHARDSON,
E. FILLEUL,
JOHN LOCKWOOD,
W. Il. BILL.
NEW ORLEANS, July 81, 1868.
Honorable the and Common Council Of the City
C3enaeTnen-The city OF New Orleans having,
by a resolution of the Common Council, duly sp.
proved, determined to purchase the Commercial
Water Works of the corporation according TO the
provisions OF the forty-second section of the char
ter of said company. and experts having been ap-
pointed by the parties respectively to fix the
price TO be paid by the city Of New Orleans to the
said Commercial Water Works Company, who
have reported 10 writing their award, fixing said
price at two millions Of dollars, appears by the
unanimous report Of said experts. which has been
sent TO the parties interested, | am therefore in
structed by the board Of directors Of the Com.
mercial Water Works Company, formerly styled
the Commercial Bank of New Orleans, to notify
the city of New Orleans, through the mayor and
Common Council, that by virtue OF said award,
the Commercial Water Works are from this time
ioTwsrd vested in the city of New Orleans, aud
that am ready, as the presi dent of said CON-
pany TO pass the necessary act of sale to the city
whenever the city shall execute its bonds for
said price, bearing interest at the rate OF five per
centum per aBnum, payable semi.annually, and
redeemsble in not less than ten nor more than
thirty years from the day which said award
bears date, that is. from the I'D July, 1868, and
the taid company hereby tenders the delivery of
said Water Works to the corporation of New
Orleans. Whatever expenses are incurred and
money collected from this date will be for the
| account of the city of New Orleans. The city is
respectfully requested to receive the delivery Of
| the Water Works and relieve the company from
| the management Of the same. The company is
prepared TO settle the accounts according to the
directions of the charter TO which your attention
| 10 respectfully invited.
FELIX JABArUT, President.
To the Honorable Mayor and Common Council of New
We. the undersigned, having been appointed by
| the city Of New Orleans and the Commercial
Water Works Company arbitrators for the pur-
pose of fixing the price for which said Water
Works and its appurtenances are TO be sold to said
| city of New Orleans, five of MS having been APP
pointed by the Common Council of said city,
| namely:
| I'M q. Parker, Josiah B. Richardson. John
Aud five by the said Commercial Water Works
| Company, namely:
| VIC. q. Claiborne, John Communy, Frank H.
Hatch, James Freret and Joseph Hernandez;
After having met several times and examined
thoroughly the property of said company. and
taken into consideration the value Of the Water
Works and grounds appertaining thereto, for
supplying the city and fsubourgs OF New Or
leans with water by said company, hereby fix the
| price Of said Water Works, in pursuance to the
42d section of the charter Of said corporation at
the sum of two millions of dollars, for which
| price the Water Works and all its appHrtenanees
with the exception of the buildings and lot OF
| ground situated on Dryades street are to be sold
by the said corporation to the city of New Orleans
| the said sum payable in bonds of the city of New
| Orleans, as provided by the AID section OF the
| charter of said bank.
| -.. JOHN LOCKWOOD.
JOSIAH B. RICHARDSON.
j. HERNASDEZ.
| w. Il. BELL. . ...
| . JN. CoMMUNY.
W. @. @. claiborne.
| F. H. HATCH.
| +. FuLEUL.
| Il JOHN NJ. G. PARKER.
| JAS. FRRRET.
New Orleans, July %, 1868.
| On motion Of Mr.. Farrell the mayors commu
nication, together with the accompanying reports
relative to the Commercial Water Works, wert
ordered spread upon the minutes.
Nr. Fisher moved for a suspension of the rules
which was granted, to introduce the following
resolutions:
| ResolUed. That the mayor be and he is hereby
authorized to appoint board OF commissioners
| consisting of seven members, to manage tbs
Water Works until such time as the City Council
| may take further action. ia
| Resolred, That the mayor be and he is hereby
authorized TO appoint superintendent OF the
| Water Works, under the control of the commits
| sOners as aforesaid.
The resolutions were adopted on their several
readings, with the following vote
Yeas-Messrs. Kearny. Rose, Walker, Pember
ton, sturcken, Grandpre, Fisher, Wynne ant
Farrell.
| Nays-Mr. Camp. ....
On motion of Mr.. Fisher the above resolutions
renee.
Mr.. sturcken gave notice that at the next meet
ing he would move RECOMMENDATION of the vou
by which these resolutions had been adopted.
The following communication from the mayor
returning without his signature the resolution pro
yiding for the adjudication, by the controller, o
the Dryades Market was read:
MAYoRALTY OF NEW ORLEANS, !
City Hall. July 22d, 1858.
To the Honorable Common Council:
| Gentemea-1he following resolution, passed
by the Boards Of Aldermen and Assistant Alder
men, has been laid before me:
Resolved That the controller shall, after the
passage Of this resolution and approved by the
mayor ad;udicate, after ten days notice in tn
official journal, to the highest bidder aud in &C
cordance with the market ordinances. the reVe
nue. of the Drysdes Market for one month, o
to the 3lst December, 1865 the city reserving the
right to annu the lease In one days notice, with
out damages.
when inducted into Office, by authority o