Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1859-05-11

rnsnt nj said Railroad property and franchises by
tbe New G,mDany;i and further provided. that
anv u,lol,r or stockholler of the "New Compa-
nv may have the privilege OF buying aldprop
rrtv. az the price 10 he agreed upon; aud further
provided that the proceeds oi SAID sale shall bs
paid 10 the New Company ioF the dement, oi
The parties in said schedule named
nd If tbe "Old Comrany" shall IN any way
30 dissolved before the payment of one hundred
thousand dollars in instalments as aforesaid,
then, upnn the raynlrnt thereof ace riding % the
stluulations uf this agreement by the corporators
of sail enmpany or its authorized agents, or 9th
erwise the stock Of the New Company" shall
lie transferred upon its stock looks, and all the
right. tide aud interest OF the said Company to
the said Railroad, property, charter AMI ii'.n'
chises shall DO relinquished and transferred ny
the said Company 10 such person or persons ~
tine last board urdirrcIors of the "Old Company
shall designate, subject 10 u mortgage or decd OF
trust, a, aforesaid, % secure the sail balance 70
tho .,Ncw Company" and the said person 1r
pcr.nns so designated shall have the same right
10 demand the said transfer Of stock lrjm the
cprporaturs of the "Ncw Company ana tue s1lh
rrlino,,i ,lmeut of said road, property, charter,
and franchises; and the New Company shan
have tho same right tn said mortgage or decd a.
If tho "Oli Company had not been dissolved !,
tb, object hciny to surrogate tho eorpprators oI
tho "Old Company upon the happening oil inc
cpntigcncy above named 10 the rights lha"New
t,w,suv' subject TO the torms of this agreement
and to enable them to carry the same into iol
effect. ,
II. The "New Company shall not max any
further contracts for the construction 9I 'G'i
ronl. penling this agreement, hnd rs 10 tAe Salu
suit of the State Of Texas W. the Southern I"oi
Gc L.. Il. Co.. the New Company Is to eohu-
uue its present status Us one Of the defendants
thereto. III
l.. The contracting parties hereto nHtu.ly
declare and pledge themselves to each other tnaC
this agreement is made in good faith ana with
the intent and purpose TO carry its stipulations
into full effect and that in good faith, tho s'me
shall be observed and executed, according To ltS
ransonublc construction and meaning ShOuiu
IL he necessary in order to give full elect 10 TINS
agreement that any further agreement supple,
meutury hereto should DO made, then the said
rartics will, by mutual consent, enter mo '"c
same, and finally, the preservation OF the r'Sht'
of the rartias the construction oi sali halItonu'
and the promo ion Of the public Us wei 20 the
r,rivate interests Involved in these enterprises
have induced MS to larmoniIc our differences anu
will continue to uctuate us III iutuFe'
II. AL items or part or items embraced IN
schedule 4. which may have been pald ny or LOT
the ..Old Company" shall be credited on tne
pvoss Indebtedness herein stated and STOCK s!ai1
be allowed upon the same. ,o,,
In witness hereof. on the part OF the ''Oid
Company" this agreement is signed ny JeP'h'
rowikes. President. and cOuntersigned ny " -
Wilder, Secretary, with tue seal OF said COMPANY
niixcd. in pursuance of Il le:G! vote OF the Board
"G nircctnrs Of slil Company; and on the part Of
tho New Company, this agreement Is signed ny
( " 4. Scott, yicl President (acting US iresi, +
/ ds,t in thc absence oe l. =. Grant, President
and countersrncd by w. 4. d. Ward, Secretit-