The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-19

IIoN1
SECTION I. The revenues Of each market will
DO sold separately, cnCh adjudication boing for
twelve months, say from Jauuary ]. 1879. to De
cember y; 1879 at so much 20 ar"uu"
Sec 2. The purchasers or lessees shall pay
In cash. in United States currency, ON the
SPOT at the monem Of Gdjudicati0n 10 PEI,
cent of the gross bid for one year. and shall
Immediately after tho PRONUNCIATION of n reso-
luton Of the City Council approving tho sale of
said revenues. appear before tho City Notary
and execute contracts for snid market revenues
reSpectirefH and SeparatelV. mt which time they
Febrnarys March; April May Juno, July;
Decombt r. 1879, said notes to be lnhbrsed to the
satisfadtion OF the Mayor and Administrator Of
Finance, and made payable, r. spectiyey, on the
tho month FIR Thith he notr IS gircn when
notes shall bear per cent per annum interest
from maturity till paid.
1879 shall be- deducted from the deposit Of the
10 per cent made at the time Of adjudication
nrer cent shall be held by the Administrator Of
Finance az an additional guarantee or security
-: me faithful payment OF the balance Of the
settonent Of the December notes, due in No
vember, 1873; provided. all previous notes given
shall have been promptly paid and there are no
the makers or indorsers of said notes by reason
Of failure to comply with all the terms and con
ditioDR Of the original sales.
SEC. a. II shall be stipulated In said contracts
or Lease that in the event of the non payment Of
any Of said notes at maturity tho sald lease or
leases shall thereby be forfeited and become
null and void at the option of the City Council
which City Council may re-enter upon the pos
session Of said market or markets. without legal
proceedings. and may readJudicate the same
for the unexpired term Of said lease or leases
either by pubic auction or through sealed pro-
posalS, for account and at the risk and expense
OF the defaulting purchaser. and without in
demnity.
SEC. s.. The person to whom tho revenues Of
any OF the public markets shall be sold snail
not sell. transfer set over or assign his right
title or interest in the same to any person what
ever, without having previously obtained the
consent q the City Council.
SEC. 6. The purchasers or lessees Of each mar
ket. and the persons who indorse their notes as
above provided, shall all sign the notarial con
tract above specified; and in said act it shall be
stipulated
/. That on the non payment OF any note or
shall Immediately become due and exigible.
2. That said notes shall be payable only In
current money Of the United States
3. hat the makers and indOrsers of said
notes renounce and surrender all right to set
up in compensation or set off against the city
any claim of any kind or nature whatsoever
that they now have or may hereafter acquire.
against the city Of New Orleans and that said
makers and fndorsers bind themselves not to
make any attempt to violate the provisions Of
dollars. for which they bind themselves In
s0lldo.
SEC T. The city will retain the police control
OF the mark cts and compel the enforcement Of
existing ordinances or of those ordinances
which may hereafter be adopted by the City
SEC. 8. The city reserves the right to reject any
or all bids.
JOHN HENRY BEHAN,
de15 I'd Administrator Of Commerce.