Page:United States Statutes at Large Volume 16.djvu/161

 FORT?.-FIRST CONGRESS. Sess. II. Ch. 108. 1870. 127 owners (should they demand any pay therefor) of the aforeszxid buildings and fixtures; and whenever the president and directors and the owners Price, howto of said property cannot agree as to the price of said buildings 01* fix- b° dB°°mi“°d‘ tures, chen ID such casa the company shall select one competent person, and the owner slpll select one competent person, and they, the two, shall choose 21, thu?} one, who shall proceed to value the buildings and ixtures, auf, a d&c1810n of :1 majority of the three shall be final as to the value of smd property, and the amount so agreed upon shall be paid t0 the owner thereof befbre the same is removed from the grounds aforesaid. That in casa the owner of said property will neither sell said property nor choose an arbitrator, as aforesaid, to value said property, after ten days’ notice so to d0, then, in such case, the said company may proceed to remove the same to some place off said grounds without being liable to an action for damages. Sec. 11. And be ipfurther enacted, That the said company shall, within Work to be sixty days from the time it gets quiet and peaccable possession of the °?’mm§“°€d Q" real estate mentioned in this act, commence work thereon, and so prose- zi? aye u mn cute the same that buildings for stores, halls, market grounds, stands, stalls, and other purposes, and all market buildings, shall be fully completed within two years or less from the commencement thereof; 01* in case sgaid company shall not commence said buildings within the time aforesaid, or, having commenced, shall fbi} to complete the same within the time afbresaid, or, having completed the same, shall permit the same to get out of repair or become dilapidated, and should the said company fail to comply with any of the conditions of this act for the space of six consecutive months, the franchise hereby granted to said company shall be forfgted, and the rights and privileges hereby grzmtcd shall revert t0 the nited States. SEO. 12. And be it further enacted, That the privileges conferred by Frqnclnisgto this act shall be enjoyed by said company forthe term of ninety-nine l¥;:r‘;"fl§{:;‘“° years, unless sooner terminated for a non-compliance or abuse of the xw, ’ ’ conditions herein imposed upon said company, which may be done by suit in the name of the United States, to recover possession of said ro erty. At the end of said eriod of uinet -nine ears, the said lands, {Qing all the erections and inyprovements tl¥src0n,yshalI revert to the United States, unless Congress shall by law extend the period of occupaticm thereof by said company: Provided, That if the corporation of PY0ViS0· the city of Waslxington shall, after a period of thirty years from the approval of this act, by a vote of the councils thereof express a desire t0 possess itself of the said market buildings and grounds, Congress may authorize the corporate authorities to take possession of the same upon payment to the said Market House Company of a sum of money equal to a fair and just valuation of the buildings and improvements than standing on said grounds, and the mode and manner of ascertaining such valuation shall be determined by Congress. Sec. 13. And be it further enacted, That the real estate herein described v€§t;§li;S€;;f’ 0_ is hereby vested in the said corporation for and during the said term of mM_ p ninety-nine years, or until a forfeiture of its rights and privileges by zz breach of the conditions herein imposed on said company, and said estate shall be taken and considered as a determinable {ce. The real and pcr- Taxes. sonal property of said corporation shall be subject to assessment and taxation for all District and municipal purposes, in the same manner and t0 the same extent that like property in the city of Washi¤1gton owned and possessed by individuals is liable to assessmentelzmd taxation. I· Sec. 14. And be it further enacted, That in consideration of the pr1v1- Q0Y}><>Y¤¤0¤ to _. _ · pa) city of Iegcs granted by this act to the Washington Market Q0mpany,`the said Washington company shall pay, yearly, every. year during the said term of ninety- $25,000 R yam; nine years, unto the city of Washington, the sym of twenty-Eve thousand dollars; which sum shall be received by said exty, and set apart and