Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1867-11-02
The Terms and Conditions.

TO tho Illinois Central Company.
W The lease is made under date Of Septem-
Der Is, 1867, between the Dubuque and
Sioux City Railroad Company and the
illinois Central Railroad Company, aud
rams tr the term e twenty years, FROM
October 1s,, 1867. !, includes all tracks.
derots. right Of way, bridges, drro. grounds,
rolling stock aud other rsils Dad properly
held by the D. & S. C. r. r. Co. for Tho
purpose cooperating the rad. The Contra
Company is to pay as consideration thirty
five per cent. Of The gross earnings Of thu
road during the frs, ten years and thirty
six per cent. dulng he remaining EN- years
IF the term, the rent to be paid month anu
all taxes of every nature to be paid by tn.
Contra, {, mpany. No account i. to b. mad.
for Improvements made in operating til.
road tu, new buildings, eide tracks, &c,
properly charseable to instruction, are (,
be appraised 1T tie expiration Of The tern
aud pail io' to he Centa c mpany. Dur
ing tie ,wcn : years Of The lease the Contra
Company Las he option to take he d. 4 S
c. II r., and other ~ per'y included in
this lease. in rerre'"iy, paying a rent o.
thirty.six Ter cent, Of .le gross earnings
therefor. Case. of disagreement u der thu
lease are TO be settled by arli;rators one
chosen by each OF the parties, aud a thirD
by The Sc their decision to be final In cas-.
he road is to be surrendered at the exIira-
ton of the lease, SIX months notice must b.,
given Of such intention bz!ore The EXPIRATION
of the lease, and the ID. 4 s. C. r. X Co
will have twelve months after is expiration
u which TO lay FIR the improvements. A
failure to give this notice viii be construed
into an election for he lease in perpe,ui,,
The Central Company purchases sIl sup
plies used in operating the road on hand NJ
the con- mencenert Of the tenn of lease
ut On appraised va'ue.
The lease of the Cedar Falls and Minneso-
q Railroad. made by the d. L s. c. T. r.
Co, is assumed by the Central Company
also, TIE c, n,raet made by the D. { s {
R. 4. Co. with the DuLuq que Elevator Con-
pany.
The books AID accounts Of the railroad
are to be kept distinct from oil other ope,
atoms Of the Central Company, and are H.
be at all times open to the inspection of The
D. L 5. c. Company. The rolling STICK az,
personal property, except operating supplies,
1spots, buildings, and real estate, taa.n b.,
he Central Company, is to be returned u
hs expiration of the lease in as govd Goa
uition - when taken.
The following terms are specially interest
ing:
And said party Of the second part fur
her agrees 10 aud with said party of ID,
frs, par. to use all diligence ia incr. asips
md extending the business of the road Q!
tie party Of the irst part, granting ever,
facility sur its proper and speedy conduct,
ard that the rates for ire Oh, AID passengers
On through tus."e1s excer. when it shall
become necessary to secure business. is in
case OF competition, shall uut be reduced be
Low the tariff that may d. the same tine tx
il; on its own road, anu that the rates fo,
maintained at least al the Er,seAt rates, II.
n its judgment, tue san.e Is practicabie
due REGARD being had to he interest of tn,
parties hereto Al ST Elements Tor tu.iness
yther than local TO be pa sed upon prorat.
IL n..icase, aud The u,Iness 10 Chicago be-
ing pro.ra!e4 on he shortest railway line
hereto. on tie mileage ria Freepnrt ami
The Chicago aud Northwestern Railroad t.
the depot of the party OF the second par,
1t is further agreed by and between th-
parties hereto that this agreement i. to ex
tend to the raj way which may be built BY
said party OF the ii.s, part, being an extern
sion OF its own line westerly Of Iowa Falls
Said extension to be equal to the line now
built between Cedar Falls aud Iowa Falls,
exec pting, that the rail to be laid on such
extension, shall be at least Of ffy-s.x
pounds per hneal yard of good iron. The
present condition of the line between Cedar
Falls aud Iowa Falls TO be examined by the
engineers h"reto ard their report thereon
to be fled, aud any bridges on the extension
to be fully equal TO those Gu the road here
By leased.
The party Of the Sec nd part hereby cove.
nsnts 10 take possession Of said extension
as The same mas be completed, IN sections
Of not less than about twenty miles, and to
efficiently operate the same, and to assume
all liabilities and pay all expene-s inciden,
to i,s operation, including taxes
All rolling stock necessary for the efficient
operation Of the road is TO be furnished BY
the G. n,ral Company, and the operation OF
the road ia to fully answer the demands of
the business.
In case Of failure in the payment OF the
s.ipu lated per cshtage Of the gross earnings
during ninety days, after notice of such
failure for ninety days, forfeiture Of tho
les 81 will be worked, and the d. 4 s. c. K.
K. Co. may re-en,er and take possession Of
the road and property
This lease is sig.ed by Morris X. Jesnp.
President Dubuque and Sioux City Rail
road Company. and John NJ Douglass, p ss;-
dent Illinois Central Railroad Company.
By resolutions of the Board Of Directors
of the D l. S. c. r. K. Co, dated September
"a, 1867, TIE lease was ratified and the prop
erty ordered turned over in compliance with
the terms of the lease.
THE VIRGINIA ELECTION.
A dispatch to the New York Herald
n