First Municipality of New Orleans v. McDonough

The petition sets forth that, in the month of February, 1837, the members composing the Council of the First Municipality, held a seeret session, in which they adopted a resolution directing the Mayor and Committee of Improvement, to purchase from the defendant, a large portion of the square of ground situated between Condé, Hospital, Barrack and Levee streets, for*245a sum not exceeding $290,000, payable in the bonds of the Municipality, twenty-five years after date, bearing interest at the rate of six per cent per annum, payable semi-annually; but, if the purchase could not be effected on those…