Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-02

amount OF Incense sued Tor and the
b .lance remaining uncollected.
Sec. 10. Be it further enacted, etc. !,
That the twenty-fifth section OF the act
ofthe sixteenth Of March, 1870, known
as the city charter, be and is hereby
amended to read as follows: Ina:
the City Council shall, whenever it
shall deem it for the public interest,
by ordinance provide for improving
and rcpayins, grading and regrad-
ing OF any street or streets, or any
portion thereof, By contract. And
Il Is further provided, that when
ever the owners of a majority of the
property Which fronts upon any
street or streets, or any portion
thereof, shall petition the Council
for the improving, paving or repay
ing of any street, or for the grading
or regarding of the same, it is lero-
by made the duty OF the City Coun-
Gil to cause the said street to be so
improved, paved or repaved, graded
of regarded, by contract. And all
such paving, grading and improve
ments, when made at the discretion
of the Council, or upon petition,
shall be assessed and paid as fol-
lows, to wit: One-tlird of the cost
of paving, grading and improve
ments in front of tue property Which
fronts upon the street or streets I'M
proved, and the whole cost of the
intersections of other streets with
the said street or steeets so paved
graded or improved, shall be paid
by the city, and the remaining two
thirds by the owners of the proper
ty which fronts upon said grading
paving or Improvement. When
such grading, paving or improve
ment is contemplated or petitioned
for, the Administrator OF Improve
ments shall furnish to the Council
proper plans and estimates of the
! work that may be deemed necessary;
and he shall submit an estimate of
the amount Of the cost to be PAID
10y the city and by the owners of
property aforesaid. Upon the ap-
proval Of said plans and estimates
by the Council, the work sLan be
contracted for and payment of tho
same shall be provided for as fol-
lows; The property fronting upon
the contemplated improvement
snail be assessed for two thirds OF
the cost thereof, according to to
running front foot on each side of
TIC SiiCct. it4lO Ill uCCOiUUltt Will
such assessment the Council is here
by authorized and directed to issue,
without unnecessary delay, bonds
Of the city of New Orleans, pay
able in ten years, with interest cou-
pons attached, and bearing interest
at the rate of seven and three-tenths
per cent. per annum, payable SEMI
annually in the city OF New Orleans
OF the city Of New York, at the OPP
ton of the holder thereof, III SUM
cient amount to cover the cost 10 be
paid by the owners OF the property
aforesaid.
And the Council shall have pow
er to dispose Of SAID bonds lii aucA
manner as may be deemed ior the
Lest interests Of the city, AM the
proceeds thereof snail be Used SOLE.
~ for the purpose vi paying Tor the
s;,id grading, paving ana Improve
ment. Inc COuucIl shall, Annually
ior ten years during the currency OF
said bonus, levy III assessment up
On the property fronting upon tne
street o. streets So. improved, III an
amount sufficient to pay the annual
interest and une-,ehth Of the prln-
opal of sad bonds, Ill equal pre-
portion to the Running from loot;
such assessments shall be levied
and collected upon the completion
oil tue work, III such manner us the
! Administrator of Finance snail d.
rect, and shall maintain "a like len
anu privLeSe, Win all o,ne> city
taxes, upon the property assessed,
and be eXi abe III like manner. The
amount and terms of assessments
for winch any property may DC
liable snail be recorded i'll the mort
gage office for the parish OF Orleans
1T any time after the work shall be
completed; provided, that tine prop
erty holders may settle for any or
all of their assessments in advance
upon terms to be prescribed by the