New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-01
Q F. F. T. O [ "A L.
LAWS OF THE UNITED STATES.
Posed ut the second Session Of the Forty
Flrst Congress.
TPUBLIC-No. GIL

| [PuBMc-No. 67.l
| AN ACT to incorporate the Washington
Market Company.
Be it enacted by the Senate aud House
of Representatives of the United States OF
America in Congress assembled, That
Thomas Berry. D. W. Bliss, Henry D.
Cooke, William B. Todd, Peter Gardner,
Henry S. Davis, George W. Riggs, Byron
G. Daniels, M. G.. Emery, Frederick p.
Stanton, Thomas G. Connolly, S. P. Brown
John S. Croker. Alexander R. Shepherd,
William Clark, Hallett Kilbourn, John R..
Evans, 8. F. French, G. H. Michner,
James L. Barbour, I. T. Mitchell. T. T.
Fowler, TIL. Alexander, j. w. Angus, W.
w. Rapley, and Thomas Lewis, their sue
cessors, and each of their assigns, be, and
they are hereby created body corporate
and polite, by the name and style of the
Washington Market Company, and by that
shall be able to sue and be sued, to plead
and be implicated, to defend and be de-
Tended, in all courts of law and equity; and
may make and use common seal, ordain
and establish such bylaws, ordinances
and equations, not inconsistent with this
act or of the laws of the United States, as
may be necessary and proper for the man.
agement Of the concerns of said company.
Said company shall have power, to issue
and sell bonds, or to borrow money and
execute mortgages and deeds of trust
upon its property and franchise.
Sec. 2. And be it further enacted, That
said company is hereby authorized and
empowered to locate and construct suit
able building or buildings upon the fol-
lowing described grounds, namely: Com
mencing at the intersection of the centre
line of B street north, with the west line
of Seventh street west, running thence
north along the west side of Seventh
street to the southerly side of Pennsylva-
MIA avenue; thence westerly along the
southerly side of Pennsylvania avenue to
the southerly side Of Louisiana avenue;
thence westerly along the southerly side
of Louisiana avenue to the east side of
Ninth street west; thence along the east
line of Ninth street to the centre line of
B street; thence along the centre line of
B street to the place of beginning; and to
use and occupy the same by the erection
of suitable building or buildings for
public market-house, including the neces-
sary stalls and sheds, and also for stores,
public halls, and such other purposes as
may be determined by said company, not
inconsistent with its use as a public mar
ket. The buildings herein designated to
be used for the purposes of a market shall
be used for no other purpose inconsistent
Herewith, but the same shall remain
public market as hereinbefore described.
And the said company shall, whenever
any part or parts of said buildings, stalls,
stands, and SO forth, for market purposes
are ready for use or occupancy, offer the
same for sale at public auction for one or
more years, to the highest bidder or bid
ders, subject to the payment Of an annual
rent, the amount of which to be fixed by
the mayor and common council of the city
Of Washington and the directors of this in
corporation. and public notice shall be
given of the day of said sale in two or
more daily newspapers published in the
city Of Washington, for two weeks pre-
vious to said sale, and by handbills to be
posted up in said market grounds, ten
days previous thereto, and all subsequent
sales and leases thereof shall be made on
similar notice and in the same manner:
and the said company shall have fall
power to assess and collect rents for the
use of said buildings. stands, stalls, and
grounds aforesaid. The stalls, stands, and
privileges of all kinds in said mar
ket to be used for market purposes,
when offered at public sale, shall |
be let to the highest bidder. and there !
shall be no bidding on the part of said |
ompany, directly or indirectly; but said
company with the consent Of the Mayor |
and Aldermen of the city of Washington |
may fix minimum rate Of bids at such |
sale, and the person who shall offer the |
highest price at or beyond such minimum |
for any such stand, stall, or privilege shall |
be entitled to the occupation thereof, and
shall be considered as having the good |
will and the right to retain the possession
thereof SO long as he chooses to occupy |
he same for his own business and pay the
rent therefor: and the rent shall only be
raised on application to the Mayor and
Common Council, who, after hearing the
parties, may change and determine the
,ame; provided, however, that such right
20 the possession of such stands or stalls
nay be sold and transferred by such pur-
,haser under regulations to be fixed by
he bylaws of said company, and in the
Ease of the death of any such purchaser
Turing the existence of his lease, it shall
70 disposed Of as other personal property,
md the municipal government of said city
hall at all times have power to make and
nforce such regulations with regard to
aid markets and the management thereof
s in their judgment the convenience,
ealth and safety of the community may
eguire.
Sec. 3. And be it further enacted, That
he capital stock of said company shall
70 one million of dollars, and shall con-
list of twenty thousand shares of fifty
ollars each. The stock may be SUBJ
cribed for upon the books of the company,
yhich shall be open at the Department of
be Interior, in the city of Washington, on
be second Monday following the final
assage Of this act, at twelve o'clock noon;
aid books to be kept open until the whole
mount of said stock shall be subscribed,
r SO much thereof, not less than fifty per
entum OF the whole amount, as majority
+ said corporators shall deem sufficient
D authorize the said company to commence
7ork. A cash payment OF ten per cent
m shall be paid at the time Of subscrip-
ion to said stock to the person or persons
uthOri lied to receive the same by the said
operators. After the books, as afore-
aid, shall have been kept open for the
pace of two days, if larger amount than
be capital stock of said company shall
ave been subscribed, the books shall be
losed, and the said corporators shall
,rthwith apportion said capital stock
mong the subscribers in such manner
nat citizens of the city Of Washington
hall have the full amount Individually
absorbed for, SO far as may be practical