Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1868-09-24
LOCAL Z T E4M 3.

-. orrpucr BRIDGE. a meeting Of the
Common Council Of Georgetown held last
s;abt Mr., Peck submitted the following report,
-L;ob was referred to the Board Of Aldermen :
10 the Honorable Board of Aldermen and
ponyG of Common Council Of the Corporation
afGeor0eto,Cn Gentlemen: Your committee,
y Gu'r appointed under an ordinance entitled an
ssordinance to aid in the construction OF travel
,r;dre over the Alexandria aqueduct, APP
moved moved September ~, 1868, beg, leave to re-
p ,nrt that they have this day had conference
p 4thD sI committee of the gentlemen composing
W. nis- Alexandria Canal, Aqueduct and Bridge
Company. e !, :,
lid Committee by the above named ordinance,
90 0si amended by that body, approved September
90 1e6S. an offer was made to said company by
I'D committee, that the corporation would
loon to the said company the sum OF S25, 900 In
crock. pavabe in ten years, with interest paya-
bIs quarterly, said loan to be secured by a
uIe1ee of the tolls to be derived from the use
# the bridge, and with demand for security
tbst the bridge would be completed on or be-
fore the first day OF February, 1869.
This offer was refused by the Bridge Com
Thew made the following offer as substi-
tute therefor, and requested your committee
IN bring the same to the attention of your
honorable bodies: They will agree to receive
from the corporation of Georgetown loan Of
$4,000, payable in ten (l0) years; for this SUN
thew will not pay interest until the expiration
of three years from the time of the completion
of the bridge, which bridge they will agree to
complete on or before March lst, 1869. They
agree to deposit in the hands Of party to be
named by this corporation the sum OF So, 1000
ia United States securities as securlty-lst,
that the bridge will be completed as agreed
upon and at or before the designated time; -,
as security for the maintenance and proper
travelling condition Of the bridge; Sd, as Sc
curity for the repayment OF the sum OF So, GOO,
with all interest accrulng thereon 90 and after
the expiration of 3 years from the time OF the
completion of the bridge.
In default of the acceptance by the corpora
ton of this substitute proposition, the bridge
company recurs to its first offer, VIZ to borrow
S25, 900 for ten (l0) years with interest payable
quarterly, and pledge the tolls from the bridge
Tor its repayment.
CHARLES D. WEIGH. VIM. LAIRD,
CHAs. NJ. MArTuEws, G. f. PECK.
Mr.. Peck stated that he had prepared con:
tract to meet the proposition of the Bridge
Company, and should the proposition be &C
cepted by the Councils, the work OF construct
ing the bridge could be proceeded with at once.
Mr.. Ramsbury offered resolution providing
that special committee, consisting OF the
Mayor, Recorder, Clerk, and @. +. Peck, be
appointed to enter into a contract with the
Alexandria Canal, Bridge and Railroad Com
pany, 10 manner and form with the contract
prepared by said committee, which Is to loan
the company S25, 900 for three years without
interest, the principal to be secured by ample
security.
The resolution was adopted by the following
vote: Messrs. Cragin, Clements, Collins,
Darby, Edmuuson, Newman, Peck, Ramsburg,
Shoemaker, and Wells.
Upon reassemblipg after recess resolution
was received from the Board Of Aldermen in-
structing the special committee to adhere to
the ordinances adopted by the corporation re-
latve to the construction of travel bridge.
Mr.. Peck offered an amendment authorizing
the special committee to enter into a contract
with the bridge company for building the bridge,
to take tolls as security for the loan OF $50, 900
by the corporation.
Mr.. Shoemaker moved as an amendment to
the amendment that this Board adhere to the
proposition passed by the Board, which is to
loan ZOO to the company for three years
without interest, the principal to be secured by
collateral security. .-.
The question being taken, the amendment OF
Mr. Shoemaker was unanimously agreed to.
This action being transmitted to the Board
of Aldermen, that body refused to recede from
its resolution, and requested to committee OF
conference.
The Board acccded to the request, and the
chairappointed on the part Of the Board Messrs.
Peck, Collins and Ramsburg.
The contract with the Bridge Company as
presented by the committee, names MesSrs
Sweeney and Laird, OF the Farmers and de
chanics' Bank. as trustees and in the event
Of the death Of one of these gentlemen, the
trust to continue in the survivor.