The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-07
Settlement Of the Erie Railroad Dd6IcuItv
our HARRISBURG CORRESPONDENCE.

Settlement Of the Erie Railroad Difficulty.
our HARRISBURG CORRESPONDENCE.
HARRISBURG, May Q, 1864
Both branches OF the Pennsylvania Legislature have
passed the following bin which has been sent to the
Governor for his approval which it will doubtless receive
1t is looked upon final settlement Of this
An act relating Sunbury and Eric Railroad Cowpa-
ny, and The Cleveland Pdinesre and Ashtabula Rail
road Company.
resentatves Of the Commonwealth Of Pennsylvania In
General Assembly met and Is hereby enacted by tho
authority of the same That the Cleveland, Painesvie
and Ashiabua Railroad Company as incorporated under
act Of the General Assembly Of the State OF Ohio,
passed the eish'-ea day Of February ammo omn one
thousand eight hundred and forty eight, entitled An
act to incorporate the Cleveland Pancs vile and Ashta
bula Railroad Company" and act supplementary
thereto passed December TENTH thousand eight hun
construct and use railroad with one or more tracks
commencing At and in the city of Ee thence extending
enthusiastically by the most practicable route ON or
along the Franklin Canal Railroad to point the State
line of Ohio where may connect with the Cleveland,
gainesville and Ashtabula Railroad subject to the provi
sons OF an act regulating railroad companies passed the
nineteenth day Of February, Domni thousand
eight hundred and nine and that they be- and
hereby authorized to connect their road with any railroad
railroads legally authorized to come TO or to lay road
within the limits OF the city Of Erie: Provided That all
such shall wholly cease SO soon as the Sun
tracks open for leading into said city unless they
shall also make connection therein with said Sunbury
and Erie railroad at the depos Of said last-n CON-
Sec o That the said Cleveland, gainesville and Ashta-
bula Railroad Company be- and they hereby, autho-
rzed and required to purchase the railroad now con-
struced from the city Of Erie to the Ohio State line and
all the right interest OF the Franklin Canal Company
or any other parties in and the same with its appur
cnances and the right Of way and all other rights and
property connected Herewith sad shall also purchase
any shares OF the said original Franklin Canal Companys
stock at par and pay the interest and principal all
bonds Of said company according to their tenor and
thereafter the said Cleveland gainesville and Ashtabua
Railroad Company may and enjoy the said railroad
and its appurenances with full release OF any and all
in and the said Franklin Canal Company authorized to
make such sale and transfer to said Cleveland gainesville
and Ashtabuln Railroad Company.
See That the said Cleveland, gainesville and Asha
bula Railroad Company shall extend the track tracks
Of their road equal in all respects except grades to the
main track from point west of Liberty street being the
western boundary OF the city Of Erie enthusiastically
by the most practicable route to the harbor of Erie at
the depot grounds Of the unbury and Erie Railroad
Company and have the same opened and ready for
within two years. sooner If the sadunbury and Erie,
any other railroad coming from eastwardly drec
tion shall have tracks completed to the said
hnrbor Provided That the Sunbury and Erie Railroad
Company shall grant such Of their depot grounds
may be agreed upon by the parties and that the city of
Erie shall grant free the right of and along
such public streets public grounds may be required
for the track tracks of said road to the harbor
Section 4. That all the privileges and immunites
granted to the said Cleveland Panesvle and Ashabua
Railroad Company in and by this act, granted upon
Frst-The rad Cleveland, Painesville and Ashtabula
Railroad Company shall make such connection between
their railroad and that OF the sunbury and Erie Railroad
adapted to the safe cheap and ready transferring Of
passengers baggage and freight from road to
the other the western division of the said
Sunbury and Erie Railroad shall be finished and that
the said Sunbury and Erie Railroad Company
shall have aid down track o. ROAD from spnbary TO
and Ashtabula Railroad Company shall their freight
and trains to the depots Of the Sunbury and
Erie Railroad Company, and from then aud thereafter
shall not grant, furnish allow to any company whose
railroad shall terminate at pass through the
city of Erie, nor to any company or companies whose
wi he IN auch
road terminating at or sing through the city
of Erie any facilities privileges advantages which
not equally granted and furnished to the Sunbury
Erie Railroad Company nor give or furnish, permit to
be given furnished by any agent any person
persons company or companies using their road directly
any party TO travel TO send forward property
mail matter in either direction any railroad
terminating at passing through near the city Of
Erie, connecting contiguous Herewith in prefer
ence to travelling, sending forwarding such proper
ty mail matter on the said sunbury and Erie
Railroad and all passengers property and mail matter
passing the said Sunbury and Erie Railroad des
tined to pass the same shall be received and de-
bula Railroad Company with all proper and reasonable
speed and despatch, provided that the Commonwealth
htieby reserves the right at any time that may be
such taxes the Cleveland, gainesville and Ashtabula
Railroad Company as may be imposed by any general
Seccnd-Tho said Cleveland. painesyle and Ashtsbuls
Railroad Company shall, before exercising any Of the
rights franchises hereby granted subscribe for i've
and fIie Railroad Company, to be paid for in the
bonds OF the said Cleveland, gainesville and Ashtabula
Railroad Company, as hereinafter authorized to be
issued bearing seven per eentum per annum interest,
payable half yearly the principal payable in twenty
rights and franchise aud which shall be first lien
gage that par os their property in Pennsylvania
and the rights and franchises granted to be grant
ed by this act said mortgage to be executed to such
trustee shall le satisfactory 10 the said Sunbury and
Erie Railroad Company; the payments in bonds on
count Of such subscription TO be and stock issued
n IN m
that the city Of Philadelphia shall their payments
on their second subscription Of ten thousand shares to
the capital stock OF the said Sunbury and Erie Railroad
Company which said five thousand shares of stock unless
otherwise agreed to b, both parties shall be lnalenabs
for and declared the face OF the certificate for the
ssme and in all the elections stock the sun
bury and Lrie Railroad Company thousand ak hun
bred aud sixty seven shares and may be voted
upon by the said Cleyeiand gainesville aad Ashtabula
Railroad Company.
ThirdThat at least three Of the directors OF the said
Cleveland gainesville and Ashtabula Railroad Company
shall be citizens OF the Commonwealth OF Pennsylvania
Sec s. That said Cleveland, gainesville and Ashtabua
Railroad Company be and they hereby authorized
issue their bonds in of less than hundred
dollars each bearing interest the rate of per
cent per annum payable half yearly to be secured by
mortgage oeed OF trust OF all their property rights and
franchises TO the amount Of five hundred thousand dol
lars and tie said Sunbury and Eric Railroad Company
are Hereby authorized TO receive said bonds at par in
yment as before provided for the subscription to their
stock heTeinbeore authorized and directed be made
Sec. 8. That If the said Cleveland gainesville and
Ashtabula Railroad Company shall in respect know
intentionally refuse neglect to perform
comply with all and singular the terms and conditions
herenbefore recited and imposed the fact Of such reu
sal neglect having been aduiged by of comps
tent jurisdiction, then and in such case all the rights
privileges powers, and mmunites granted TO said COM
lany by this act intended to be- shall forthwith
and determine Provided That nothing herein
tanned shall be construed TO release the Cleveland Panes
vile and Ashtabua Railroad Company from liability TO
the Sunbury and Erie Railroad Company by Of
such refusal neglect but the said Sunbury and Erie
Railroad Conn may from time TO time from
said Cleveland gainesville and Ashtabua Railroad Com
Iany such damages as they may sustain therefrom.
Sec That immediately upon the passage OF this act
the susquehanna and Erie Railroad Company may assign
and transfer to tie sunbury and Erie Railroad Company
all their estate and elects rights liberties and fran
clises and om and after euch transfer and assignment
duly executed unucr their corporate seal the said sun
bury end irie Railroad Company shall become vested
with 81 the estate and effects Of the said su.queanna
and Eie Railroad Company and shall and may exercise
and enjoy all the rights privileges aud franchises Of said
company in tier name. in addi ion 10 those
enjoyed or poses Cd by themselves, fully though
tie fame bad been directly granted TO the said Sunbury
ana Iie Railroad Company Provided, That the said
sunbury and Erie Railroad Company shall under the
rights ard franchises transferred to them by the said