THIS INDENTURE MADE THE THIRTIETH DAY OF APRIL IN THE YEAR OF OUR LORD [1821] BETWEEN THE MAYOR, ALDERMEN AND COMMONALTY OF THE CITY OF NEW YORK OF THE FIRST PART, AND EDWARD HITCHCOCK OF THE SECOND PART. WITNESSETH, THAT THE SAID PARTIES OF THE FIRST PART FOR AND IN CONSIDERATION OF THE RENTS, COVENANTS AND AGREEMENTS HEREINAFTER MENTIONED HAVE DEVISED, GRANTED AND TO FARM LETTEN UNTO THE SAID PARTY OF THE SECOND PART THE RATES AND FEES WHICH NOW OR FROM TIME TO TIME SHALL BE BY LAW ESTABLISHED, OR WHICH SHALL OR MAY BECOME DUE BETWEEN THE FIRST DAY OF MAY [1821] AND THE FIRST DAY OF MAY [1822], OF AND FROM THE MASTERS, OWNERS AND POSSESSORS OF EACH AND EVERY VESSEL AND SMALL CRAFT WHICH SHALL COME INTO OR LIE AT, OR IN, ANY OF THE DOCKS, WHARVES, PIERS OR SLIPS WITHIN THE LIMITS OF THE SAID CITY, AND BELONGING TO THE MAYOR, ALDERMEN AND COMMONALTY OF THE CITY OF NEW YORK. EXCEPTING AND RESERVING HOWEVER ALL SUCH DOCKS, WHARVES PIERS OR SHIPS, WHICH HAVE HERETOFORE BEEN RESERVED BY THE SAID PARTIES OF THE FIRST PART. YIELDING AND PAYING THEREFOR UNTO THE SAID PARTIES OF THE FIRST PART THEIR SUCCESSORS OR ASSIGNS THE RENT OF TWENTY FIVE THOUSAND THREE HUNDRED AND SEVENTY DOLLARS LAWFUL MONEY OF THE UNITED STATES DURING THE SAID TERM IN FOUR EQUAL QUARTERLY PAYMENTS ...

New York: 1822. Folio document entirely in ink manuscript, 9-1/2" x 15-1/2." Old fold splits [some repaired skilfully, minimal loss to a small amount of text], lightly foxed. Signed in neat ink manuscript at the end by Htichcock. Good+.

A rare, early document explaining the manner in which the City of New York arranged to profit from its waterfront ownership, by leasing the property to private entrepreneurs in exchange for rents. Item #38631

Price: $750.00

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