The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1853-09-29

graduation, as the new consolidated cor
poration may elect. Two lines are to be
constructed, so that there shall be Two
first class Railways between Blanchester'
in Clinton county, and Charleston or
Hamden. in Vinlch county-the northern
one going through the City Of Chlllicothe,
and the southern one thorugh Hlllsbor-
ough.
1t is further agreed between the parties
hereto, that said new corporation formed
by such consolidation with the North
Western Virginia Railroad company,
through the city of Marietta, and that tsaid
consolidation shall involve and include:
1. A favorable site for high bridge
over the Ohio River, SO as not TO interrupt
the navigation thereof.
2. The shortest distance to the city Of
Baltimore, in Maryland, leading through
proper bridge.crossing of the said river.
3. No grades or curves less favorable
than those employed on the said North
Western Virginia Railroad. This con-
nection with the North. w estern Virginia
Railroad company is to be finished and
opened 10 Baltimore business as early as
practicable; Provided the Baltimore and
Ohio Railroad company and the North
w estern Virginia Railroad company
shall enter into arrangement with the new
consolidated corporation substantially
like that which they have heretofore made
with the Hillsborough and Cincinnati
Railroad company.
No determinations, either in rates OF
fare or freight, depot facilities, or the
manner of working the road, shall ever
be made by The new corporation, for or
against Philadelphia or Baltimore busI.
ness, or that Of way points; all are to be
treated alike as common customers,
when using the road Tor like distances.
but the principle of graduate tariff. or
OF charging less rates per mile for long
traffic than for short traffic, is fully recog
nzed, and provided, also, that the policy
of the Baltimore lines towards the new
consolidated corporation, shall be one Of
perfect reciprocity.
1t is further agreed, that so soon as this
agreement is executed by the Directors
OF said two corporations, the parties 10
be the same, and until the consolidation
OF said corporations is conSumated, two
members Of each Board shall be elected
10 the other Board OF Directors.
1t is further agreed, that in anticipation
Of such consolidation, and as soon as this
agreement is executed by the Directors
of said Two corporations. the stockholders
of the Hillsborough and Cincinnati Rail
road company shall have the right and
privilege Of exchanging their stock, al
any time, for that OF the Marietta and
Cincinnati Railroad company. In such
exchange, the stock Of the two companies
shall be treated as of equal value, and in
making the exchange. the stockholders OF
said Hllsborough aud Cincinnati Rail
road company shall receive an equal
number OF the shares Of the stock Of the
Marietta and Cincinnati Railroad com
pany.
1t is further agreed, that pending the
proceedings of the consolidation OF said
companies, neither company shall create
any further mortgage liens upon its prop
erty.
1t is further agreed, that the consolida.
ton of said two companies shall be con.
summated on or before the first Monday
in January, A. d. eighteen hundred and
fifty four, and such consolidation shall be
brought about in accordance with the law
of the State, enacted for such purpose.
When the consolidation is perfected,
the new corporation thus formed, shall. as
before stated, continue in operation and
transact its business in accordance with
the laws applicable TO the same, and the
terms and conditions herein stated, and
this agreement shall be perpetual.
In TESTIMONY WHEREOF, the said The
Marietta and Cincinnati Railroad Com.
pany, and The Hillsborough and Cincin.
natl Railroad Company, parties hereto,
have respectively caused the signatures
OF majority of their respective Boards of
Directors and the respective Corporate
Seals of said Companies to be hereto
affixed.
SIGNED BY THE OFFICERS OF EACH BOARD