New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-22
Q r F. CI a L.
LAWS OF THE UNITED STATES.

LAWS OF THE UNITED STATES
Passed at the Second Session ofthe Forty
First Congress.
[PUBIc-No. gu
AN ACT to incorporate the Washington
Market Company.
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, 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 Il.
Elvans, B. F. French, G. II. Mlchner
James L. Barbour, I. T. Mitchell. I. ~
Fowler, T. H. Alexander, j. w. Angus, w.
W. Rapley, and Thomas Lewis, their sue.
cessors, and each of their assigns, be, and
they. are hereby created a 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 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 a 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, 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:
ard 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
company, directly or indirectly; but said
with the consent of the Mayor
md Aldermen of the city of Washington |
nay fix minimum rate of bids at such |
highest price at or beyond such minimum |
or any such stand, stall, or privilege shall |
'e entitled to the occupati on thereof, and |
hall be considered as having the good |
will and the right to retain the possession
hereof so long as he chooses to occupy |
he same for his own business and paK the |
ent therefor: and the rent shall only be
aised on application to the May or and
Common Council, who, after hearing the
arties, may change and determine the
anne; provided, however, that such right
D the possession of such stands or stalls
lay be sold and transferred by such pur-
haser under regulations to De fixed by
le bylaws Of said company, and in the
ase of the death of any such purchaser
uring the existence of his lease, it shall
g disposed of as other personal property,
nd the municipal government of said city
hall at all times have power to make and
atorce such regulations with regard to
aid markets and the management thereof
J IN their Judgment the convenience,
ealth and safety Of the community may
,quire.
Sec. 3. And be it further enacted, That
le capital stock of said company shall
3 one million Of dollars, and shall con-
st of twenty thousand shares of fifty
)llars Teach. The stock may be SUBJ
ribbed for upon the books Of the company, |
hich shall be open at the Department of
le Interior, in the city of Washington, on
lie second Monday following the final
assage of this act at twelve o'clock noon;
i'd books to be kept open until the whole
mount of said stock shall be subscribed,
SO much thereof, not less than fifty per
ntum of the whole amount as majority
said corporators shall deem sufficient
authorize the said company to commence
ork. A cash payment of ten per cent
"a shall be paid at the time of subscrip-
on to said stock to the person or persons
lthorized to receive the same by the said
operators. After the books as afore-