The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-19
IT. G. Woop, Secretary.
MAyoRALTy OF New ORLEANS.
CITY Hall. December ~ 1879.


No. 1903 Administration Series
An ordinance for the salo of the revenues of
the public markets for tho year 1879.
SECTION 1. Be il ordained by the Council
of the City of New Orleans, The revenues of
each market will he sold separately. each al
judication being for twelve months, say from
January 1, 1879, to December 81 1879, Mt 80
much per dl,niun.
SEC. 3. The purchasers or lessccs shall pay
In cash in United States currency on The spot.
at the moment of adjudication, ten per cent
of the gross bid for one year; and shall. inn
modiately after the PRONUNCIATION Of a reSolu-
ton Of the City Council approving the sales
OF said revenues, appear before the City No
tary, and execute contracts for said market
revenues, respectively and separately, at
which time they shall furnish their notes for
the months ot February, March, April. May,
June, July, August, September, October, No
vember and December 1879; said notes To- be-
Endorsed to the satisfaction of the Mayor and
Administrator Of Finance, and made payable
respectively on the twentieth day FINED Of
each month. preceding the month for rh}ch
the note is girfn. which note shall bear per
cent per annum interest from maturity till
paid.
SEC g. PAYMENTS for tho month Of January
1879. shall be deducted from the deposit of
the 10 per cent made mt the time Of adju-
dication, and tho residue or balance Of said
deposit OF 10 per cent shall hc field by the
Administrator of Finance, as an additional
ment of the balance of the contract notes,
and will be deductcd. finally. in settlement Of
the December notes due i'll November, 1879:
provided, all previous notes given shall have
been promptly paid, and there are no claims
by the city for losses or damages against the
makers or indorsers OF said notes, by reason
of failure to comply with all the terms and
conditions of the original sales.
SEC. 4. 1t shall be stipulated In said con-
tracts or lease that in the event Of the non
payment OF any of said notes at maturity
the said lease or leases shall thereby he for
feted, and become null and void at the on
ton of the City Council, which City Council
may rc-enter upon the possession = said
market or markets without legal proceed
ings, and may e-adjudicate the same for the
uneXpired term Of said lease or leases either
by public auction or through sealed propo-
sails, for account and at the risk and expense
OF the defaultng purchaser, and without
indemnity.
The purchasers or lessees of each market,
and the parsons who indorse their notes as
contract above specified and in said act it
shall be stipulated
l. That on the non-payment Of any note or
notes at maturity, all the subsequent notes
shall Immediately become due and exgible.
2. That said notes shall be payable only In
current money Of the United States.
3. That the makers and indorsers of said
notes renounce and surrender all right to set
up in com pensation or set off against the city
any claim Of any kind or nature whatsoever
tRat they now have, or may hereafter acquire.
Against the city Of New Orleans, and that