The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-21

| hold said company harmless against any loss
which might result from committed on that
| portion Of road now proposed TO be leased.
a.. Should the lessees succeed in obtaining a
| land grant on the line of railroad beyond Ber-
wick's Bay, it will be and remain the property Of
| said lessees, this company claiming none OF its
benefits, and mourning no portion Of the respon-
sibity attending it.
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 to be
charged one-third the regular fare. Provisions
and supplies to be charged one.half of regular
rates Material, other than iron and cross ties to
be charged one.half Of regular rates. Iron to be
charged one dollar per ton, and cross-ties (f any
fifteen cents each. Lsssees to load and unload
the cars.
g. The road thus to be built shall be frat class
railroad in every respect. The guage to be the
same as the compsny's road-ssy feet inches.
The iron used not 10 be less than So pounds per
yard.
z. The said lessees to oblgate themselves to
commence said road within four months, and have
it finished and in running order to the sabine
river, connecting with the Houston road at or
near orange, within three years from date of
signing the lease.
s. la order TO insure the faithful performance
OF the contract the essees will be required to ex-
ecute bond 10 an amount, and with good aud
satisfactory security TO the satisfaction of the
board Of directors.
9. The company reserves the right to reject
any and all bids.
Another proposition, and for which proposals
are also invited, is TO lease the road, including
depots, stations, rolling stock, etc. from Algiers
opposite New Orleans, TO Brashear City, includ-
ing the franchises of the company beyond to
Texas, under the following conditions:
1; mat the party or parties proposing to lease
shall state the least number of years he or they
Will lease the road, on the following conditions:
z. The accrued interest TO October l, lo6S, on
the mortgage bonds (said bonds maturing in
1881 to be provided for by the lessee.
B. The semi.annual interest on the same bonds
accruiDg yearly after date. and payable on the
first days of April and OF OCTOBER of each year,
say sl60 900 per annum, 10 be also provided for
by said lessee.
4. the road 10 be built over the route from Ber-
wieks Bay to New Iberia, thence to point at or
near VernlliOnville, thence 10 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 after 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.
.. The grading, cuverts, etc., now made be.
yond BeTwick's Bay, 10 be taken by the lessee at
valuation to be asceTtaned by experts, one to
be appointed by each party, in case of disagree.
ment they to select an umpire, and to be paid for
on such terms as shall be hereafter agreed on.
Z. The road 10 be built, equipped aud maintained
during the entire lease as first class road n every
respect
S. At the close of said lease the said road. de-
pots, stations, rolling stock, etc., from BerWick's
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 final The
value thereof thus sscertained shall be subscribed
as stock in the present company, il being well IN.
derstood that all costs of maintenance as well as
expense Of operating the road, shall be at the ex
elusive charge of the lessee.
8. The contract with Charles Morgan for run
ming line of steamers to Texas extending to 1871
to be carried out by the lessee in every respect.
10. The present road to Berwick's Bay. incud.
ing depois, machine shops, rolling stock, bridges,
etc., 10 be turned over to the lessee after inven-
tory and apprasment, and the said property or
property OF like character and value and like COZ
ditiOn and good order, 10 be returned to the com.
paDy at the expiration of said lease.
IL. The lessee, TO insure the faithful perform
sDce Of this contract, TO furnish security to the
satisfaction OF the board of directors
IL. The said lessees shall contribute aud pay
each year the sum of $1,000 payable quarterly, TO
keep up snd maintain the organization of the rail-
load company during the existence of this lease.
Is. The said essees Obligate themselves to do
no act which may operate forfeiture Of the char.
ter. ard shall hold the said N. o., o. and G. W. r.
r. Co. harmless against any and ali acts of theirs
Sealed proposals will be received at the Office
of the company in New Orleans, No. So Canal
street, until the fret day of September next at IL
O'Clock NJ, the company reserying the right of re-
jectiDg any or all bids.
For particular information apply to
C.P. LEvERICH,
President Bank Of New York
JOSEPH c. BUTLER
President Lafayette Bank, Cincinnati, Ohil.
CHAs. PARSONS.
Cashier State Savings Association, st Louis, No.
GEO. sTURGIS,
President Mort western Ma iOns Bank, Chicago, H.