New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-23

ferred to the Administrator of Improve
mente sstssA gaets - ssezsssssss.as' - ''-3s
A petition :of j. o. Belknap, to erect an
I-Other ornamental fountain up town, was re-
ferred to the Administrator of Waterworks
and Public Buildings.
|, An assessment petition of D. I'll. Conner
was referred to the Administrator of Assess
| nentS. s..sse.- s..-s..as..sa--.
A. communication FROM the president OF
the Louisiana Agricultural Fair Association,
asking for the repair of roads leading to the
Fair Grounds, was referred to the Admins
traitor of Improvements, with power.
A proposal of DR.. Charles Nelson, to lease
ground near the French market was re-
ferred to the Administrator Of Public Build
ings.
A tax petition of DR.. w. n. Mercer was
referred to the Administrator of Finance.
A communication Of Robert NJ. Lusher,
on behalf of Peabody Normal Institute,
asking for rent of First District depot OF
the Department of improvements, situated
on Erato street, between BarOnne and
Dryades, was referred to the Administrator
of Improvements.
The Commercial Convention.
Mr.. Remick said he had intended to make
a written report in regard to the CONNER
cial Convention, to assemble in Baltimore
On the twenty-ffth of September, but had
not had time. He moved that the Mayor
be authorized and requested to accredit ten
delegates to represent the city of New
Orleans at that convention.
Adopted.
| The WaierwOrlls,
The Mayor laid before the Council the
following communications, which were or
dered printed:
To the City Council of New Orleans:
We beg, herewith, to make solemn pro-
test against the sale of the Waterworks, or
the lease thereof by you to any person or
corporation whatsoever.
But if this protest be unavailing and you
decide to lease, or sell them, we call your
| attention to the bid of twenty-five thousand
dollars per annum more than the price of
fered by the New Orleans Waterworks
| Company.
While calling your attention to this bid
however, we beg to suggest that in case of
sale or lease being adhered to by you, that
| OplHlOu your Uo W Olltf
them at public auction.
c. H. SLOCOlIB,
President Citizens Association.
| w. P. RICHARDSON, Secretary.
New ORLEANS, August 81, 1871.
| To the City Council of New Orleans:
Having noticed the proposition of the
New Orleans WaterwOrks Company to
lease from the city of New Orleans her
| present Waterworks and appurtenances for
| u term of twenty-five years, at the annual
| rent of one hundred thousand dollars, upon
! terms and conditions therein specified, we,
| the undersigned respectfully submit all
| offer of one hundred and twenty-five thou
sand dollars annual rent, upon the same
| terms and conditions expressed i'll the above
mentioned proposal.
III. SLOCOMB,
p. IRWIN,
Per pro Hugh McCloskey,
FELIX LABATUT,
| L. j. WEBSTER,
L. +. GENERES,
JOHN G GAINES,
JOHN DAVIDSON & J. D. HILL,
HUGH MCCLOSkEY,
| ADAM THOMPSON,
GEORGE JONAS.
Mr.. Walton said, as there seemed to be no
| other business to be brought before the
Council, lie would call up the amended or
| dinance for the extension of the Water
works, printed in the proceedings OF July
| q. This ordinance, in one shape or another,
| had been before the Council for many
months, and he desired the question settled
| one way or the other.
The ordinance was as follows:
An ordinance to provide for the extension
and perfection of the Waterworks of the
city or New Orleans.
SECTION |. Be it ordained by the Council
of the city of New Orleans, That for the
purpose OF extending and perfecting the
waterwOIks of the said city, so as to pro-
cure an ample supply of pure water, as may
be required for purposes specified in this
ordinance, there shall be issued By the city
of New Orleans her bonds to an amount not
exceeding S2,j00,000; said bonds TO be of
such denomination as the Council may
hereafter direct; be signed by the Mayor,
countersigned by the Administrator OF FL
nance, sealed with the seal of the Mayor
atty, and be made payable to Alfred Shaw
or bearer III ten years after the date there
of. The said bonds shall bear interest at
the rate of eight per cent per annum, COW
cred by coupons of interest annexed to said
bonds signed by the Administrator of FL
nance, and made payable at New Orleans
on the first days of August and February of
each year.
SEC. 2. Be it further ordained, ETC., That
in order to secure the payment of the afo:e-
said bonds and the coupons thereunto an
nexed, the entire revenue of the water
works of the city of New Orleans Arising
from and after the date of the issue of said
bonds or any part thereof. whether such
revenue arises from the said waterwOrks in
its present or improved condition, is hereby
declared to be set apart, and to be held and
pledged for the payment of the principal
and interest to become due upon any and all
bonds signed and issued in conformity with
this ordinance: and the Administrator of
Finance is hereby directed and required, as
soon as any bond shall be issued under this
ordinance, to deposit the aforesaid revenue
Immediately upon the collection therenf
with the fiscal agent of the city of New Or
leans, to the credit of "interest ON water
works bonds, to such an amount as may be
required TO pay interest on the bonds, and
the remainder to the credit of redemption
of waterworks bonds the amounts thus de-
posted to be withdrawn and used for no
other purpose than to pay and discharge the
interest and principal of the aforesaid bonds
as the same may respectively become due.
SEC. 3. BE 1t further ordained. etc., That.
as additional security for the payment OF
the bonds and coupons aforesaid, a mort
gage shall be executed, in favor of Alfred
Shaw, for the benefit of the holder and
holders of said bonds and coupons, upon
the city waterwOrks and all improvements,
acquisitions and extensions which may be
made to the said waterworks, through or
by means of the bonds authorized to be
issued by this ordinance, or the proceeds
arising therefrom, in whole or in part. The
Mayor of the city of New Orleans is here
by required to execute an act of mortgage