New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-28
Q Fl FL O Z "A Ia
LAWS OF THE UNITED STATES.
[PuBl1o-No. GIL

| 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, NJ. G. Emery, Frederick P.
Stanton, Thomas G. Connolly, S. P. Brown,
John S. Croker, Alexander R. Shepherd,
William Clark, Hallett Kilbourn, John r.
Evans, B. F. French, G. II. Michner,
James L. Barbour, l. T. Mitchell. L. u.
Fowler, T. II. 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
name shall have perpetual succession, and
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 regulations, 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 q suitable building or buildings for a
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 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 full
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
com pany, directly or indirectly; but said
company with the consent of the Mayor
and Aldermen of the city of Washington
may fix q 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
the 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 |
same; provided, however, that such right |
to the possession of such stands or stalls |
may be sold and transferred by such pur-
chaser under regulations to be fixed by |
the bylaws of said company, and in the |
case of the death Of any such purchaser |
during the existence of his lease, it shall |
be disposed of as other personal property,
and the municipal government of said city
shall at all times have power to make and |
enforce such regulations with regard to |
said markets and the management thereof |
Is in their Judgment the convenience,
health and safety of the community may
require.
Sec. 3. And be it further enacted, That
he capital stock of said company ehall
be one million of dollars, and shall con-
,ist of twenty thousand shares of fifty
dollars each. The stock may be SUBJ
,cribed for upon the books of the company,
which shall be open at the Department of |
he Interior, in the city of Washington, on
he second Monday following the final
passage 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
o authorize the said company to commence
work. A cash payment of ten per cent
I'M shall be paid at the time of subscrip-
ion to said stock to the person or persons
authorized to receive the same by the said
perpetrators. After the books, as afore-
aid, shall have been kept open for the
pace Of two days, if larger amount than
he capital stock of said company shall
AVE been subscribed. the books shall be
,lOsed, and the said corporators hall
orthwith apPortion said capital stock
Imong the subscribers in such manner
hat citizens of the city of Washington
hall have the full amount individually
INSCRIBED for, so far as may be practical
lie; and any deductions necessary in con-
equence of any excess Of subscription
hall be made from subscriptions OF the
argest amount, SO that no bona fide sub
cription shall be diminished while any
,rnar snhanri nfinn ahal he m ainfained |