New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-03

| l.. HuiB DlQ
For machinery .............,....S5 42, S75 o.
For buildings, etc. .............. lOS,350 OF
1851, 225 Oh
Sylvester Bennett bid:
For machinery, buildings, etc. s573, $40 OF
As the necessity for the improvement
| and extension of the .waterwOrks, as con
| templated in the advertisement above
/ given, is almost universally conceded, and
| in view OF the fact that the advantages to
| be derived therefrOm are of vital import
| ance to the future of New Orleans, l re-
spectfully ask the passage of the accOmpa-
/ nying ordinance.
1t. DELASSIZE, Administrator.
An ordinance adiudicating the contract for
extension and improvements of the city
waterwOrks to Sylvester Bennett, and
providing for payment of the Same in
bonds to be issued, bearing mortgage on
said works.
SECTION !. Be it ordained by the Council
of the city of New Orleans, That the bid of
Sylvester Bennett for extension and i'm
provements Of the city waterwOrks, opened
July !, 1872, in response to advertisement
for proposals, authorized by the Council
May H. 1872, be accepted and the Mayor
be authorized and directed to enter into a
contract with him, provided he accept all
the terms of the present ordinance as a
part Of said contract.
SEC. ?. Be it further ordained, ETC., That
said contractor be settled with for the full
amount of said contract with bonds of the
city, of the denomination of $1,000 each,
bearing interest at the rate of seven and
three-tenths per cent per annum, payable
semi-annually in coupons thereto annexed;
said bonds shall bear date of September l,
1872, and be payable in ten years from
date; provided, the city shall, from time
TO time, advertise for the recall of said
bonds, by repurchase from the lowest Of
ferers, out of moneys hereinafter provided
to be set apart. The rate for the exchange
Of said bonds in satisfaction or payment
for this contract shall be ninety cents on
the dollar of their face. The rate paid for
them in repurchase shall not exceed par,
and the City Council reserves the right to
reject any or all bids or offers.
SEC. 3. Be it further ordained, ETC., That
the following provisions are made for the
punctual payment of interest, and the
gradual sinking and final extinction of the
debt represented by said bonds From and
after the time each semi-annual coupon
shall begin &c run, to wit: from the first
days of September and March, each year,
all receipts from the WaterwOrks shall be
set apart till there be enough to pay the in
terest of the current coupons; thereafter,
one-half the receipts shall be set apart for
current expenses and improvements Of the
WaterwOrks, and should there not be
enough the city shall make up the defcien-
cy fromTits general revenues. the other half
OF the receipts shall be set apart and are
hereby declared vested right of the hold
ers of WaterwOrks bonds issued under this
ordinance for the sinking OF the bonded
debt as hereinbefOre provided by repur-
chase, and the extinction of said debt bY
full payment at maturity, should any re-
main unretired, and for the punctual pay
nent of interest, and of the principal of
The said bonds according to the provisions
Of this ordinance, the Mayor shall grant an
let of mortgage to said contractor in favor
If any and all holders of said bonds bear |
ne upon all the Waterworks property, and |
vi appurtenances and aceOutrements there |
#, susceptible of mortgage, including real |
state, buildings, works, machinery and fix |
ures, none of which can be alienated except |
o the highest bidder, or with the consent |
f three-fourths of the mortgages or hold |
rs, for the purpose of reducing the said
Mortgages.
The report was received, and the ordi-
ance passed first and second reading.
Financial Business.
By Mr.. Shaw
n ordinance amending ordinance No. 1886,
Administration series.
Be it ordained, by the Council of the city
{ New Orleans, That ordinance No. 1886,
administration series, be amended as fol-
Dws
In section four, after the words Survey
rs certificate" instead of upon" insert
given at or after" so as to read 'given at
after the completion of the work, ETC.
In section five, instead of the words 'the
cord placed in the mortgage office, in
EDITION to the date of falling due, shall
| Ttion in detail the amount due each year
! anflpOrtiOn to the amount assessed"
| the We hereby repealed, and insert chat
| the surPn and after the expiration of
| one-tepth lumber of years dating from
| interest or certificate, there shall be due
of assessment principal and the annual
1t being the 0ortiOn TO the whole face
by means of thes9ws."
the inscriptions to b9n OF this ordinance,
Office of any unnecessaaiments, to eurtail
sufficient to show the tOtn the mortgage
and that One-tenth thereGth, IL Delng
interest, form the annual assessment;
levy, and becomes due each We. accrued
curing Of the date of the survgn1t or
tificate She re-
pos,o7 49,. GER |
By Mr. Shaw:
An ordinance making appronriatiops e.,
the various orphan asyiums and other
charitable institutions for the Quarter
ending June 30, 1872.
BE 1t ordained by the Council of the citv
9t New Orleans, That the Administrator ~
uDlc Accounts warrant on the Admiuis.
lraIor OF Finance in favor of the folIouino
asyiums for the sums respectively set oT7
Poslte their names, being the 0uartarIv al
LoWsnce for charity to June 80. 1879 in
conformity with article 7l6, Revised City,
Laws aud Ordinances; ''J
$703 SO. Ali''U Asylum <VI orphans,
or 81 @ary H. Catholic Orphan Asylum, 2la
1857. '-' nome LOT Boys, lO2 orphans,
s6 "a ~ vincent Infant Asylum, 1873 orphans.
IT, Elizabeth Asylum, l72 orphans $3.50
Asvip-' 'u 0Irls immaculate Concention
asylum, ninety orphans, S3iS INCEPTION
sisters OF Mount Carmel AL, a.
orphans, 1852 so iiiol Asylum, DIS
orphans, $574. VI han Asylum, l64
Cb TTLiHre ems. Home, Protestant En;soo.,
OI urea thIrty-eight orphans si39N plscopal
;oe"tsn widows and Orpbans, n.
eiS5a ty-tour orphans, 1924 ""S Home,
Protestant Orphans Home s.,
ia orphans. $500. --0lli9' seventh street,
or0b 51sn 81 5om "a Society Asylum, sixtvvo
S276 so. 'O''i' se'ehVy-nine inmates.
al ana IN favor of the House of Cod
n ~ is 5Sr tnelr quarterly allowance 70 TIp
ssr;es AZ per ordinance No as lie
series Tor l96 inmates, S6s6. 'O' 100 new
in fayo u1 ~ ordinance No. 1858. new s0ri
i1m far u 81 Vincent Infant Orphan e AsT
ADriI No w ca nurses 500 per month. f9-
And under ordinance No a. a aa