New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-23

returned in the same proportion when
ever an installment of the loan
ia Maid. That for all warrants for new CON
solidated bonds held by the bank as COZ,
lateral security from the city, the Guy shal5
issue the bonds as soon as printed ana
delivered to the Department OF Finance
and when the total Indebtedness of thesI
city to the bank shall have reached $500, 900
as additional security for said loan, the
Mayor is hereby directed to give ten notes
of $4,000 each, in favor OF the Louisiana
Savings Bank and Safe Deposit Company.
secured b7 mortgage on all the markets OF
the city of New Orleans, to be executed III
due form before the notary OF the city OF
New Orleans.
Fifth-That in obedience to the require.
7oents of section - of the charter Of
the city of New Orleans, the entire reve-
nues Of all the markets OF the city are
hereby pledged for the payment OF the IN,
terest and liquidation of the principal OF
the loan herein described.
That all such revenues shall be at once
deposited, as received, III the fiscal agency
to the credit OF a fund to be known as the
sinterest and redemption fund OF banka
loan," and shall at once become vested
right of the Louisiana Savings Bank and
Safe Deposit Company, not to be drawn
against by any city official, and to be on
par with other interest funds, as directed
in section seventeen, act No. u, OF 1872
That at the close of each quarter the lis
cal agency shall pay to the Louisiana Say
ings Bank and Safe Deposit Company the
interest due on said loan, and whenever
there shall be enough on deposit in addition
to the interest for the current year, the
whole balance to the credit OF said fund
shall be paid to the Louisiana Savings Bank
and Safe Deposit Company, to be credited
to the CITY of New Orleans on said loan
until the whole loan Of 81 100000 shall be
paid in full.
Passed two readings.
General Business
Mr.. Cockrem offered the following ord1-
nance to be printed and referred to the Ad-
ministrator of Commerce.
It was so referred.
An ordinance granting che New Orleans
Elevator and Warehouse Company per
mission to locate railroad track IN GER
tain streets and places OF the city, and
to transport over said track trains Tor
goods. wares, merchandise, grain and
OTHER products
SECTIoNI Be it ordained by the Council
| of the city of New Orleans, That the New
| Orleans Elevator and Warehouse Company
| be and the said company is hereby author
| lied to lay down railway track within
the city of New Orleans, and in and upon
! the streets and public places OF the said
city hereinafter set forth. to Wit Commenc-
| ing at point at or near the head OF Lou
| isiana avenue, and running thence down
| the river through or following what IS
| known as water street to point on the
! levee at the head of Julia street, with the
right to run over and upon the said track
steam and other trains, for the transporta-
! ti0n of goods; wares, merchandise, freight,
4I,or. AY1nt VI
4 such switch or switches, turnout or turn
| OUTS turn-table or turntables, at either OF
| the termini or along the route OF the track,
| or both, as Che said company may deem
I necessary.
SEC. .. BE it fur9heg o9dained, etc, That
{ Che aforesaid company shall have the right,
| inGonnection with the said track, to con
! struct and run a side track or tracks,
] through any street or streets or public
! highways wifhin the said city, so as to CON
! meet the main track Of the said company
| wish the track Of the New Orleans Jack
son and Great Northern Railroad Company,
! or theqrack of any other railroad company
! which may have established, or which may
| hereafter establish, railway track IN said
I aifv, and also to connect with the elevator.
mills og works OF said company in the said
eitg.
SEC 3. Be it SuptRer ordained, etc., That
] 3he right OF way and the franchise and
privilege hereln EXTENDED TO the sala com com
Pay Is YIaioeu poH 'ii0 '0hlllS an"
I. The said Company is 60 keep che streets
and public places oveS anss through which
the track, Sl0e-tfack, SurHou1, su5H 1 3
ana S"lIGnes nay run or % loctIeu III 7ooG
order an'A sonoltlon anC 80 lIs own cost anu
expense
! ~" COMPANY az ~ all"w aIl a.e'dl.
Yoao con Pan51S' DIT S't1'4 1 anu pLopol
IilheS' ~ NC ug CeIl1iL t2 ~ tno Wv VI
4eana Ile.aDoL sn! w ''l9loetso 4 tf gS'ly,
! F0 1.uh Ihelr IT6PGotiNo uL"ln9 oF9L Vno lI"Ch
81 'IdIhS " lEo I"s' nien IioiIe ~: V:IPanS
h@sslhg Cno CoDi't'n4 luuliilS us elain Wv g
81" 'fdGk Or Sfachs s d Cne same rate
az suSh iasS Rieh0l94'5'" company may
@ii@rSe oFhts Ya!Ifo&t S"ln palles Ior 1 Etln-
| am an, Trains SAa 6S Jus tSaeR AL NE Guy o1 NE"
: y[i@anS'
:" %ne SFaek or tracks s"ltch@s 5tufh-euls
arg ~ S9Ffl taoIes hereln proVlEe,d lo5' are 10
I be fully constructed and completed, IN run
rngn tb@ s,assaoa Of ms ordfnanca and II
7 RIGHT OF wav. and the grant and privilege 8
herein conferred upon the New Orleans
ElePaSof anu n! w aEenouse company, are. TO
the nari@d AT wbicT fbia oTdina1oo "a ~
take effect
SEC t. BE 1t fIutheP Ordalnedy etc, That
| Shis ordinance shall take effect from and
after its passage.
Mr. Walton called up an ordinance laid
I over s;nca Jannarv IN 1879 o,,,ordod N
',-l''''-' '00' 'o'> ~ an i'''eo -
! read as follows;
| Nh ordinance to settle the claim Of the