The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-27
New Orleans, Opeious@s saa Great Western
Railroad. EHIE.

New Orleans OpeIeusas sad Great Western
2 ..l..- m. ar. Railroad. .I tHisa .riIr.L
OFFICE N. o., o. AND G. W. RAILROAD Co.,
r.I .,r.fr.d n New Orleans, June 8, 1858.
The New Orleans. Opelousss and Great West-
ern Railroad Company. desiring tkata connection
shall be formed between their present terminus at
Berwick's Bay and the Houston and New Orleans
Railroad, which terminates at the Sabine river,
and which when completed 1.-THE distance being
l63 miles) will connect New Orleans with almost
the entire railroad system OF Texas, the presi-
dent and directors of said company, therefore,,
propose TO such party or parties as may UNDER
take 10 fill up such gap the following terms and
l.. viii lease the right Of way and the franchises
now possessed by said company from their present
terminus at Berwck's Bay to the iowa OF Yer.
miionvle, the grading OF which Is almost entirely
completed for these sixty three miles, and WILL at
the same time lease the right under their charter
to build the branch railroad from Vermilionvile
to the Sabine river, at or near Orange the same
having been already located by resolution OF the
board Of directors. The distance between these
points is 100 miles. The company reserving to
itself the right of way and transportation ON pay
ment of pTOporionate freights and passage money
from the present terminus Of the road to any
tension towards 0pelousas OF its road beyond
Vermilionyille. u .a--sss .oLl
2. The said lease to continue for term Of years
to be agreed upon between the company and the
lessees. AT the end of the lease the property to
be valued by disinterested parties, the railroad
company TO select three and the lessees three, the
two, If need be, to call in an umpire, whose deci-
| sion will be final. The railroad company reeerv
| ing the right 10 purchase said PROPERTY at such,
| valuation, but IL not then promptly paid for by
| said company the lease 20 be extended for q
further term of years, and so on until .hnay pur-
chased and paid for by said New Orleans, ope-
| lousas and Great Western Railroad Company.
! The grading already made between Berwiek's Bay
and Vermilonville 10 be valued by competent engi-
| ueers at the time Of entering into contract bat
not TO be paid for by lessees until the end of the
| first lease, herein provided Tor
| 3. The parties leasing TO obligate themselves to
connect with no other railroad which might here
after be built, terminating at near the city OF
| New Orleans, and further obligating themselves
10 do no act which will infringe the rights under
the present charter Of said company, aud also to
| hold said company harmless against any loss
| which might result from acfs committed on that
portion of road now proposed TO be leased.
/ 4. Should the lessees succeed in obtaining
land grant on the line Of railroad beyond Ber-
| wicks Bay, IL will be and remain the property OF
said ltssees. this company claiming none Of its
benefits, and mourning no portion OF the respon-
! siblity attending It. DID ll-ll -frg a. -fs
/ s. Transportation TO be furnished said lessees
| over the compsny's road as follows, viz:
The president, directors and officers Of the
| road, including engineers, superintendent, road
masters and bridge builders free Of charge.
| Transportation of laborers going out 70 be
charged one-,hrd the regular fare. Provisions
| aud supplies 10 be charged one.haf OF regular
rates. mc's.si nther than iron and cross-ties, to
| be charged one.haf OF Regular -ates.-I Iron TO be
charged one dollar per ton, and cross-ties (if say)
fifteen cents each. Lessees to load and unload
| the cars.
g. The road thus to be built shall be first-clss
| railroad in every respect The gusge to be the
| same as the eompanyis road-say feet iaches.
The iron used not 20 be less than So pounds per
yard. -.
commence said road within four months and have
| il finished and in running order 10 tue Sabine
river connecting with the Houston road at or
near Orange, within three years from date Of
| signing the lease.
B. In order 10 insure the faithful performance
Of the contract the lessees will be required to
| ecute bond TO an amount, and with good and
satisfactory security to the satisfaction Of the
| board Of directors. N i ....'.I q --
.. The company reserves the right to reject
| any and all bids. .-.-l yi1iii l..l
Another proposition, and for which proposals
are also invited is to lease the road, including
depots stations rolling stock, ETC., from Agiers /,
| opposite New Orleans, to Brashear City, includ-
| ing the franchises Of the company beyond 70
Texas, under tbe following conditions;
i. That the party or parties proposing 70 lease
shall state the least number OF years he or they
win lease the road, on the following conditions;
| 2. The accrued interest to October i, loe8, on
the mortgage bonds, (said bonds maturing In
1881 to be provided for by the lessee: ..,a.
accruing yearly after date, and payable on mo
first days Of April and OF October OF each year,
say $4,000 per annum, to be also provided for
4. the road to be built over the route from Ber-
wick's Bay to New Iberia, thence TO point at or
near Vernionville, thence in westerly direction
to point on the Sabine river, connecting with the
Houston and Beaumont road.
5. The building Of the road TO be commenced
within four months aser signing the contract OF
lease, TO be prosecuted with all dispatch and to
be fully and finally constructed within three
years from the signing Of the lease.
6. The grading, culverts. etc., now made be-
yond BeTwick's Bay, 10 be taken by the lessee at
a valuation to be ascertsned by experts, one to
| 49, VaA No. oh In a0
ment they TO select an umpire, and 10 be paid for
Cd such terms Is shall be hereafter agreed on.
, Z. The road 10 be built, equipped and maintained
during the entrelesse as first class roadin every
respect.
s. At the close Of said lease, the said road, de-
pots, stations rolling stock, etc., from Berwick
Bay to the Texas line shall be valued by experts,
one to be appointed by each OF the parties hereto,
and in the event OF disagreement, the two TO Sc
lect an umpire, whose decision shall be dnal. The
value thereof thus ascertsined shall be subscribed
as stock in the present company, itbeing well an
derstood that all costs Of maintenance as well as
expense Of operating the road, shall be at the ex-
elusive charge Of the lessee. +. ...
o. The contract with Charles Morgan for run
ming line OF stesmerato Texas, extending TO 1871
to be carried out by the lessee in every respect.
; 10. The present road 10 Berwicks Bay, lnclud'
ing depots, machine shops, rolling stock, bridges
etc.. TO be turned over to the lessee after inyen
, tory and appraisment, and the said property, OF
property OF Ike character and value and like con
ditiUn and good order. 10 be returned TO the com
pany at the expiration Of said lease.
: IL. The lessee, TO insure the faithful perform
ance Of this contract 10 furnish security to the
Il satisfaction Of the board Of directors.
Q H. The said lessees shall contribute and pay
each year the sum Of $4,000, payable quarterly, Z
keep up and maintain the organization Of the rail-
J. road company during the existence OF this lease
= -. The said lessees ohligate themselves TO d.
no act which may operate forfeiture OF the char
9 ter. and shall hold the said N. o.. o. and Q. ".
}, R. Co. harmless against any and all acts OF theirs
J. Sealed proposals will be received at the onie'
u | of the company in New Orleans, No. 69 Cana
street, until the first day Of September next a. Il
J: O'Clock NJ, the company reserying the ngnI Oh 70
, jecting any or all bids. ....s
Z For particular information apply to
q C. p LEvERICH,
|, l PresSdent Bank Of New York.
!. | JOsEPH q. BUTLER,