The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-20
New Orleans, OpeIousas asd Great western
Railroad.
OFFICE N. O., o. AND G. W. RAILROAD Co.,
New Orleans June 6, 1858. (

OFFICE N. O., o. AND G. w. RAILROAD Co.,
New Orleans, June 6, 1858. !
The New Orleans, Opelousas and Great West
ern Railroad Company. desiring that 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 mies) 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 to ill up such gap the following terms and
i. VIII lease the right Of way and the franchises
now possessed by said company from their present
terminus at Berwicks Bay TO the iowa oil Ver-
mjljopyle, the grading OF which is almost entirely
completed for these sixty three miles, and whl at
the same time, lease the right under their oharter
to build the branch railroad from Vermilionville
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 il 100 miles. The company reserying 70
itself the right OF way and transportation on pay
ment of proportionate freights and passage money
from the present terminus Of the road to any ex.
tension towards 0pelousas OF its road beyond
Vermilionvile.
2. The said lease to continue for term Of years
to be agreed upon between the company ana the
lessees At the end OF the lease the property TO
be valued by dsinterested parties, the railroad
company to select three and the lessees three the
two, If need be, to call In an umpire, whose decl-
sion will be final. The railroad company reserv-
ing the right to purchase said property at such
valuation, but If not then promptly paid Tor Dy
said company the lease to be extended Tor
further term Of years, and 80 on until nnaly Pur-
chased and paid for by said New Orleans, ope-
Iousas and Great Western Railroad Company.
The grading already made between Berwicks Bay
and Vermilonville to be valued by competent engi-
neers at the time Of entering into contract but
not to be paid for by lessees until the end OF IN
| first lease, herein provided for.
| & The parties leasing 10 obligate themselves TO
| connect with no other railroad which might here:
| after be built terminating at or near the city OF
| New Orleans, and further obligating themselves
| todo 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 acts committed on mat
portion of road now proposed to be leased.
| L. Should the lessees succeed In obtaining
| 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 us
benefits, and mourning no portion Of the respon-
| sibility attending II.
S. Transportation to be furnished said lessees
over the compsny's road, as follows, viz:
The president, directors and othcers OF the
| road, including engineers, superintendents, road
masters and bridge builders free OF charge.
Transportation Of laborers going out to be
charged one-thrd 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.haf Of regular rates. Iron to be
charged one dollar per ton, and cross-ties lif any,
fifteen cents each. Lessees to load and unload
the cars.
6. The road thus to be built shall be first class
railroad In every respect. The gusge TO be the
same as the company's road-say feet Inches.
The iron used not 20 be less than So pounds per
yard.
Z, The said lessees TO oblIgate themselves "a
| commence said road within four months, and have
| il finished and In running order to the sabine
| river, connecting with the Houston road at oil
near Orange, within three years from date o.
io order 10 insure the faithful performance
of the contract the lessees will be required TO ex
ecute bond to an amount and with good anC
satisfactory security TO the satisfaction Of thu
.. The company reserves the right to rejec
ALy and all bids.
Another proposition, and for which PROPOSAL
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
Texas, under the following conditons
/. That the party or parties proposing 70 leas
shall state the least number OF years he or the
/, | will lease the road, on the following conditions:
q The accrued interest 10 October /, 1865,
|. the mortgage bonds, (saId bonds maturing
1881 TO be provided for by the lessee.
3. The semi annual interest on the same oonds
accruipg yearly after date, and payable on IN
first days Of April and OF October OF each yea
say $50 900 per annum, to DO also PrO''osu IL
0 by said Lessee. n.
. vick's Bav 10 New Iberia, thence to q point at
near Vermilionvfle, thence 10 westerly drectio
. 70 point on the Sabine river, connecting with ID
| Houston and Beaumont road.
u <. The building Of the road TO be commence
. within four months after signing the contract (
. Lease, TO be prosecuted with all dispatch, aid
p be fully and finally constructed within TIRE
3 wears from the signing Of the lease.
. 6. The grading, culverts. etc., now made D
"A yoDd Berwick's Bay, to be taken by the lessee
10 a valuation 70 be ascertsined by experts, one
r. be appointed by each party, in case OF disagree
ment they TO select On umpire, and TO be PAID Il