The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-12-24

Orleans, under ordinance No. l4es. in the New
Orb ans. jackson and Great Northern Railroad
Company has been and now Is entirely unproduc-
tive snd proftless to the city, no dividends having
ever been paid thereon, and it being certain that
no dividends will be paid thereon for long time
to come; and In view Of the imDossibility Of dis
posing Of said stock owing to the lien thereon ex
istng 10 perpetuty In favor Of the holders Of the
bones issued By the city 10 the said railroad COM
pany inPayrent Of the subscription of the city to
the stock Of said company; and.
WHEREAS, 1t is greatly to the interest Of the
city to strengthen the said company by ell practi-
cable means In order that the company may be
enabled to consummate Improvements. and to
advantages on the commerce of the city Of New
Orleans, and thereby ultimately prove great
relief to the property holders and other taxpayers,
SECTION /. Bet ordained oythe Common Coun.
cl Of nle city Of Nesc Orleans. That the certid.
Gates of stock now held by the city of New Or
leaIs In the New Orleans, jackson and Great
Northern Railroad Company, and subscribed for
of the city Of New Orleans. and all right and
title Of the said city in said stock be transferred
to the New Orleans, jackson and Great Northern
Railroad Company, subject to the conditions IN
the following sections contained:
SEC. 2. Be Il further ordained etc., That the
said stock, though transferred as herein provided
shall remain subject to the lien now existing 10
favor of the holders Of the bonds of the city of
New Ofiehnb, issued IN payment OF tuo clty . Buo-
scription to the stock Of said company, and that
before being transferred, in accordance with the
provisions of section of this ordnance the said
certificates Of stock shall be marked and stamped
by the city treasurer in such manner as to identity
them thereafter. 80 that the rights Of the bond
holders Aforesaid may be secured. .s III 400
SIC. 3. Be ii further ordained, etc., That the
provisions of the preceding sections shall be null
and void except on the conditions following. viz !:
That the N. O., jackson & G. N. r. X. Co. shall
contract and bind itself to construct branch or
continuation of its road from its present iDtersec
ton with Napoleon Avenue or Louisiana Avenue,
extending through said avenue to the river and
thence to the corner of Girod and Levee streets 7;
and that the company shall furthermore bind itself
to complete the said extension within one year
from the time when the company shall secure the
right of way, and that the said company shall fur
nish good and sufficient security in the sum of -
dollars for the fu6lment of this contract.
Sec 4. Be 10 further ordained, etc., That for
the purpose of enabling the said company to COM
plete the aforesaid extension, the right Of way is
street from Toledano street to Girod street.
SEC. 5. Be IL further ordained. etc.. That this
ordinance shall take effect from and after its
passage.
The following resolution from the Board of AL.
dermen was adopted on its first reading the rule
suspended to place it on its second reading when,
on motion, it was referred to the committee on
fires:
Resolved, That the city surveyor be and he is
hereby authorized to make the necessary repairs
to the engine house of No. 6, provided that the
cost of the same does not exceed one hundred and
fifty dollars ($l50.)
The following resolution from the Board of
Aldermen was read and, on motion of Mr.. Pan.
dey, this board refused to concur in its adoption
ResOlred, That the resolution authorizing the
city surveyor to have the wharves and levees of
the First, Second, Third and Fourth Districts put
in perfect repair and condition, be and is hereby
reconsidered, and the following offered as q SUBJ
stitnte: HrfF
Resolred, That the controller be and is hereby
authorized 10 adj1dicate after five days notice 10
the official journal, to thes lowest bidder, con-
tract for the repair and putting In perfect order
the wharves and levees Of the First, Second, Third
and Fourth Districts the work to be done in strict
accordance with the specifications in the Office Of
and under the special Superintendent Of the city
surveyor. .n..r 81 a. e. u
Resolred, That the city surveyor be and Is
hereby instructed to drepare the specifications
forthwith aud in accordance With the time speci-
fled in above resolution. al
Mr.. Pandely here moved to persist in the adop.
ton of the original resolution, which motion was
carried.
The petition of Henry Meyer, asking redus-
ton Of assessment, was referred to the finance
committee.
The petition of property holders praying for the
opening of Craps street from France to Mazant
street, wss referred to the committee on streets
and landings.
The petition of proprietors Of bowling saloons.
praying for the reduction of their taxes and
Licenses, was referred to the finance
The petition of Creole Fire Company No. O.,
asking for repairs to their engine house, was re-
ferred to the committee on FIRE.
The petition of Mrs. Marie. Yonant. in which
she alleges that Judgment has been obtained
against her in the Seventh District Court, for SELL
ing liquor, and which fact she denies, was referred
to the committee on finance.
petition of John Rooney. representing that he
is of the whole front on Poydras street, be-
tween Locust and Magnolia streets, complaining
of the bad state of the banquettes and asking that
they be raised and repaired, was referred to the
committee on streets and landings.
The board then adjourned.
JOHN ToBIS, Secretary.