The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-31
VII IIAIIle
New Orleans, July 80, 1878.

lions as proposed by MeSSrS. IhOS. A. Adams
and j. Tuyes, under date of July II, 1878.
CrTY HALL.
New Orleans, July 80, 1878. J
To the City Council:
Upon the proposition of J. Davidson Hill IL
Co. TO lease to the city OF New Orleans the
Davidson Court" for q term of five or ten
years, at the rate Of $500 per month, to be
used as police headquarters and recorders
court, upon the condition that said Davidson
Hill Il Go. shall make at their own expense all
the repairs necessary to make the building
suitable and convenient for the purpose above
mentioned, l respectfully beg leave to offer
this my minority report and considering that
the present financial condition OF the city does
not warrant the purchase of property, and
further, that the Davidson Court, by it's loca-
ton, is well suited for a recorders court and
police headquarters, I have the honor to re-
commend that the proposition of j. Davidson
Hill * Co. be accepted.
RoBT. E. DIAMOND,
Administrator OF Police.
On motion of Mr.. Mccartney the reports
were ordered spread upon the minutes, and
made the special order of the day for the next
meeting.
BY Mr.. Rengstorff-
Unfavorably on petition of M. Krantz, for
reduction Of ass essments. Adopted.
Ordinances and Resolutions offered.
By Mr.. Cavanac-
Resolution granting f. F. Hansell permits
sion to erect a steam engine at No. 36 Camp
street. Adopted.
By Mr.. Brown, and adopted
Resolution appropriating S494 50 in favor
of J. G. Denis, Administrator of Finance, for
cash advanced for law charges, etc.
By Mr.. Brown, and read twice
Resolution appropriating 1897 95 in favor
of R. ). Connolly,sfor repairing, ETC., engine
house of Crescent Steam Fire Company No.
"a.
By Mr.. Edwards, and laid over
Whereas, Section 8 of act No. 80 of the extra
session of 1877 provides:
That the Board of Directors of said COM
pany shall have power, in addition to the au-
thority to increase its capital STOCK to borrow
money for the purpose of improving and en-
larging it's works, and increasing the supply
of pure water; and to accomplish this pur-
pose, the said board of directors are hereby
authorized to issue the bonds of the company
to an amount not exceeding $2,00O,0O0, In
such sums, on such terms, and bearing
such rate Of interest as said board
said bonds in principal and interest
may be secured by a mortgage OF all the
property and franchises OF said company, in
Guiding it's franchise to be corporation, and
said mortgage may include the property and
acquired, and the registration OF said mort
gage in the office of the Recorder OF Mort
cages for the parish of Orleans shall operate
on the property and franchises OF said COM
pany, wheresoever situated, and shall be and
continue q valid and subsisting mortgage IN
| til the payment Of the debt secured by 1t,
without transcription; provided, however,
that no bond shall be Issued, or mortgage
! given, without the consent OF the Council OF
the city of New Orleans, and said bonds shall
not be sold or disposed OF except On such
terms as shall be approved by said Council OF
| said city; and
New Orleans Waterworks Company has
passed a resolution at the meeting held on
| the twenty-second of July, 1885, at the office
of the company, No. AZ Camp street, to issue
six hundred thousand dollars of bonds OF
said company, bearing 6 per cent interest per
annum, payable not less than twenty-five
years after date, and the payment of which
| capital and interest is secured by mortgage
covering all the property and franchises OF
said company acquired or to be acquired, in
Guiding its franchise to be corporation, for
the purpose Of improving and enIarging It's
works and Increasing the supply OF pure
water; therefore
Be it ordained, That the Council Of the city
| OF New Orleans hereby approves and gives
| its consent to the issuance OF said bonds
! bearing mortgage as above stipulated, pro-
! vided that said bonds shall not bear more
! than SIX per cent interest per annum, and
9LA0Il hob OC SoLu VI uISpOSOo VI e"0 400 OAAc"H
| their par value.
| Unfinished Business.
Mr. Cavanac called up "an ordinance au-
thorizing Robert G. Wood to erect market
on the neutral ground on Napoleon Avenue,
between st. Charles and Carondelet streets"
| Mr.. Brown moved to amend the ordinance
so as to reduce the term for which the owner
or owners are to be allowed to collect the
revenue from twenty-five to twenty years.
The amendment was accepted.
Mr.. Mccartney argued that there were two
serious objections to the ordinance. First,
the City Council had no right to obstruct
public thoroughfares, and the City Attorney
had already given his opinion to that effect in
the case of the proposed depot on Claiborne
street. Secondly, there was market from
| which the city derived some revenue, only six