New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-02

LAWS OF THE v,lrfD STATES.

LAWS OF THE USITED STATES
PasseA ut thu nsssaA sssslsn OF she Eert1
First Csugress.
[PuBLIo-No. GIL 4.
| AN ACT TO incorporate the Washington
! Harket Company. 90
Be it enacted BY the Senate aud 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, Byrol
G. Daniels. N. 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, C. II. Michner
James L. Barbour, /. T. Mitchell. T. T
Fowler, T. 81. Alexander, j. W. Angus, w
w. Rapley, and Thomas Lewis, their sue
cessors, and each of their assigns, be, anG
they are hereby created body corporate
and polite, by the name and style of thu
Washington Market Company, and by tina
name shall have perpetual succession, ani
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 suitable building or buildings for
public market-house, including the neces-
sary stalls and sheds. and also for stores,
public balls. 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 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
any part or parts of said buildings, stalls,
stands, aud 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
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: |
ard 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 10 said mar
zet 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 tie part of said
company, directly or indirectly; but said
company with the consent Of the Mayor
md Aldermen of the city of Washington
nay fix q minimum rate Of bids at such
sale, and the person who shall offer the
highest price at or beyond such minimum
Eor any such stand, stall, or privilege shall
,e entitled to the occupation thereof, and
hall be considered as having the good
viii and the right to retain the possession
hereof 80 long as he chooses to occupy
he same for his own business and pay the
:ent therefor; and the rent shall only be
'aised on application to the Mayor and
Common Council, who, after hearing the
PARTIES, may change and determine the
anne; provided, however, that such right
o 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
ase of the death of any such purchaser
Turing the, existence of his lease, it shall
70 disposed of as other personal property,
nd 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
8 in their judgment the convenience,
ealth and safety of the community may
equire. 4t5e -5s
Sec. 3. And be it further enacted, That
be capital stock of said company shall |
70 one million of dollars, and shall con-
let of twenty thousand shares of fifty
Ollars each. The stock may be SUBJ
cribed for upon the books Of the company,
,hich shall be open at the Department of
be Interior, in the city of Washington, on
be second Monday following the fual |
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 q majority
# said corporators shall deem sufficient
o authorize the said company to commence
york. A cash payment of ten per cent
I'm shall be paid at the time of subscrip-
loo to said stock to the person or persons
authorized to receive the same by the said
orporators. After the books, as asore-
aid, shall have been kept open for the
pace of two days, if larger amount than
ha canital stnek of said onunnanu shall