New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-25
O F. F. I q 7 A L.
LAWS OF THE UNITED STATES.
Passed at the Second Session of the Forty
First Congress.

Passed at the second Session of the Fort
First Congress
[PUBLC-No. gu
AN ACT to incorporate the Washington
Market Company.
Be it enacted by the Senate and Hous
of Representatives of the United States o
America in Congress assembled, Tha
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 c. Connolly, S. T. Brown
John S. Croker. Alexander r. Shepherd
William Clark, Hallett Kilbourn, John R.
Elvans, b. F. French, c. H. Michner
James l.. Barbour, !. T. Mitchell. I. I
Fowler. T. Fl. 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 tina,
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 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 public mar
ket. The buildings herein designated to
be used for the purposes Of market shall
be used for no other purpose inconsistent
Herewith, but the same shall remain a
public market as hereinbefore described.
And the said company shall, whenever
my part or parts of said buildings, stalls,
stands, and SO forth, for market purposes
IRE ready for use or occupancy, offer the
'ame for sale at public auction for one or
more years, to the highest bidder Or bid |
lers, subject to the payment of an annual |
ent, the amount of which to be fixed by |
he mayor and common council of the city |
If Washington and the directors of this in
and public notice shall be |
,iveu Of the day of said sale in two or |
more daily newspapers published in the |
lily OF Washington, for two weeks pre-
'ious to said sale, and by handbills to be
posted up in said market grounds, ten
lays previous thereto, and all subsequent |
ales and leases thereof shall be made on
imilar notice and in the same manner:
I'D the said company shall have fall
'ower to assess and collect rents for the
se of said buildings, stands, stalls, and
rounds aforesaid. The stalls, stands, and
privileges of all kinds in said mar
et to be used for market purposes,
7hen offered at public sale, shall
re let to the highest bidder, and there
hall be 10 bidding on tie part of said
ompany, directly or indirectly; but said
ompany with the consent of the Mayor
nd Aldermen of the city of Washington
lay fix a minimum rate Of bids at such
ale, aud the person who shall offer the
ighest price at or beyond such minimum
,r any such stand, stall, or privilege shall
e entitled to the occupation thereof, and
nall be considered as having the good
ill and the right to retain the possession
hereof so long as he chooses to occupy
le same for his own business and pay the
INT therefor: and the rent shall only be
Used on application to the Mayor and
ommon Council, who, after hearing the
arties, may change and determine the
me; provided, however, that such right
the possession of such stands or stalls
ay be sold and transferred by such pur-
laser under regulations to DE fixed by
q bylaws of said company. and in the
se Of the death Of any such purchaser
lr'ng the existence of his lease, it shall
, disposed OF as other personal property,
ID the municipal government OF said city !
all at all times have power to make and
force such regulations with regard to :
id markets and the management thereof
in their Judgment the convenience, :
alth and safety of the community may |.
quire.
SEC. 3. And be it further enacted, That '
Q capital stock of said company shall =
one million Of dollars, and shall con- 2
It of twenty thousand shares of fifty
liars Teach. The stock may be sub
ribed for upon the books of the company,
,lch shall be open at the Department of =
Q Interior, in the city of Washington, on =
e second Monday following the final :
ssage OF this act, at twelve o'clock noon; :
id books to be kept open until the whole =
lount of said stock shall be subscribed,
SO much thereof, not less than fifty per
ntum OF the wholeamount, as majority
said corporators shall deem sufficient !
the said company to commence t
'rk. A cash payment of ten per cent +
shall be paid at the time of subscrip- S
~ to said stock to the person or persons a
thorized to receive the same by the said U
operators. After the books, as afore- b
id, shall have been kept open for the t
ace OF two days, if a larger amount than A
e capital stock of said comDany shall Y
We been subscribed, the books shall be tt