Chapter XXXIX. *authorizing the Corporation of Washington City to make a Loan and issue Stock for two hundred thousand Dollars, for building a Market-house.* May 9, 1860. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That all the ground lying betw
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Chap. XXXIX.— An Act *authorizing the Corporation of Washington City to make a Loan and issue Stock for two hundred thousand Dollars, for building a Market-house.* May 9, 1860. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That all the ground lying between Certain land given for a market-house to be elected thereon in two years.Seventh and Ninth streets, and fronting on Pennsylvania and Louisiana avenues, now and hitherto used and occupied for the Centre Market, be and the same is hereby ceded to the Corporation of Washington, on condition that said Corporation, within two years after this act takes effect, House, how to be constructed.erect thereon a market-house.
The said house to be so constructed as to admit foot passengers through only one entrance to the market on the north side; market-wagons and other vehicles on the south side only, with means of exit for the same on Seventh and Ninth streets, and to exclude marketing from Pennsylvania and Louisiana avenues and the City may create a debt therefor, not to exceed $200,000, at not over 6 per cent, interest.sidewalks and pavements thereon. And for the purpose of erecting such market-house it shall be lawful for said Corporation to create a debt, in such form as may be found expedient, not exceeding the sum of two hundred thousand dollars, at a rate of interest not exceeding six per cent, per annum, any restriction in the charter of said city or existing laws to United States not to be liable therefor.the contrary notwithstanding. *Provided, however,* That the Government of the United States shall, in no event whatever, be, either directly or indirectly, liable for the principal or interest upon any loan which may be obtained under the provisions of this act, and the entire revenue of said building shall, after paying contingent expenses and interest on the stock, Stock how to be paid.be appropriated to the payment of the stock issued in accordance with THIRTY-SIXTH CONGRESS.
Sess. I. Ch. 39, 40, 48. 1860. 15the provisions of this act, *and provided,* That the powers herein granted shall not be exercised by said Corporation until after the second Monday in June next; and that this act shall, immediately upon its passage, be published by said Corporation in at least two newspapers published in the city of Washington, and be continued until after the Corporation election in said city in June next. Sec. 2. *And be it further enacted,* That no more than two hundred Not over $220,000 to be expended in building.and twenty thousand dollars shall be expended in building said market-house, nor shall any contracts be entered into which involve a larger expenditure for the completion of the same.
Sec. 3. *And be it further enacted,* That in case this act shall take Title to the land hereby granted to be in city only while market-house continues thereon.effect as hereinbefore provided, it shall be so construed as to vest the title to said lots in said Corporation, so long as the market-house and apartments shall be continued thereon, and used for the purpose aforesaid, and no longer. Approved, May 9, 1860.