Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-06-10

to the city weekly, the rate Of percentage
to be agreed upon between the city and
the lessees before the signing OF the
leases, and each person, nrm or company
making proposals shall specify in their
proposal the amount or rate OF per cent
age upon the gross receipts which he OF
they are willing to pay tho city as a COM
pensGtiOn for the uz8 CT the premises
leased to them by the city.
EiZhth-The lessCes Of the premises are
to Cbhgate themselves during the C0ntin-
usncs Of the lease, to protect the uvsr
front Of b leased premises and the river
front OF the streets adjoining the same
above and below at their own cost from
caving, and arc also az their wi cost TO
keen the premises Lree from all manner
Of nuisance, and are TO indemnify and
save the CITY harmless from all damages
Of every description, resulting from the
location Of the elevators on tu8 leased pre-
misses and from all damages OcCasiOu6d by
the use Of the same by any and al persons
Ninth-EOthing in these specifications
or in the leases hereafter to be drawn up,
shall be construed 20 surrender or restrict
/. the right Of tina city olsssa other portions
Of the river troutfOr the erection Of 0lsF a.
tors 20 other parties, or 70 rsstrc5 D gen
sral power of Legislation belonging TO the
city; and any parties claiming 70 have
exclusive privileges on the landing will
DO AEAAALEA ~ 9A4AE4aa9h y AA@Aa 90
such claims TO the city before any lease Is
made with them.
Tsnth-The General Council reserves
the right to prescribe the time within
which the elevators TO b6 placed upon the
leased premises snail be commenced and
completed, persons making proposals for
leases shall specify in them the lime they
will complete the same.
Ele ysnth-E-ch proposal shall Be &C
cOmpanisd by sdszcrip ion OF the metes
and bounds Of ths ground that 10 is pro
posed TO lease.
Signed I'M. PETTIGREW,
Chairman Council. Committee.
OWEN DWYER,
Chm Commute Board of Aldermen.
Revised and adopted.
PREAMBLE.
BY Councilman Rumn:
WHEREAS, AS no bids have been made
in accordance with the acquisitions Ofthe
Elevator Committee, anC b8iiving that
elevators would add much to the 0mmer-
cial interest Of the city, therefore, belt
Resolved, /. That the city Of Memphis
will lease TO tho Mississippi River Eleva-
tor Company, beginning ct a point 100
feet south Of Besl street, and running
north 800 feet, and east from lOw-water
mark 200 feet, Tor ths purpose Of erecting
q public elevator thereon, and for b
DuL DldU Va 44AAa a- NAef-a@a EA--A~@f
and none other
2. That the Mississippi River Elevator
COmpanyshsl at all times keep the prem.
ises occupied by the building in good order
and condition and free from al ~uuisanCes,
will charge not more than fifty cents per
ton for loading and unloading Of all water
craft, sud not to discriminate in favor Of
or sEaiDst any individual or boat; the city
of Memphis to exercise the same right in
the collection Of wharfage dues as a. other
portions Of the ~lGnding-TO more nor less.
s.. rhst we lease to the abOve-uamed
company the ground for fifty years, for
the sum Of one hundred thousand dollars.
That is to say, two thousand dollars per
snnum, payable monthly.
4. That the Mississippi Elevator Com
psny may erect an elevator below Besle
street, to Linden street, for twenty-five
years, without paying for the privilege,
with the conditions set forth in resolution
No ..
5. That at the expiration Ofths Lessee the
building Is TO be the property Of the city.
Referred to the Elevator Committee.