New Orleans Republican., 1868-07-22
RAILROADS.
NEW ORLEANS. OPELOUsAs. AND
GREAT WESTERN RAILROAD.

De formed between their present terminus at Ber-
wioks Bay and the Houston and New Orleans Rail
roadwhch terminates at the Sabine river and which
when completed tthe distance being l63 miles will
connect New Orleans with almost the entire railroad
system of Texas. The President and Directors of
said Company, therefore, propose to such party or
parties may undertake to fill up such gap the fol
lowing terms and conditions to wit:
l. Wal lease the right of way and the franchises
now possessed by said company from their present
terminus at Berwioks Bay to the town of Vermil.
lionvle, the grading Of which is almost entirely
completed for these sixty three miles, and will at
the time, lease the right under their charter,
to build the branch railroad from Yermillionve to
the Sabine River, at or Orange, the same hav.
ing been already located by resolution of the Board
of Directors. The distance between these points is
one hundred miles. The company reserving to it.
self the right Of way and transportation on payment
of proport:onate freights and passage money from
the present terminus of the road to any extension
towards opelousas of its road beyond Vermillion.
Vile
?. The said lease TO continue for term of years to
be agreed upon between the company and the
essees At the end of tine lease the property to be
valued by disinterested parties the railroad compa-
ny to select three and the lessees three the two ii
need be, to call in umpire whose decision will be
final The railroad company reserving the right to
purchase said property at such valuation but if not
then promptly paid for by said company, the lease to
be extended for further term of years, and so on
until finally purchased and paid for by said New Or
leans, opeousas, and Great Western Railroad Com
pany The grading already made between Berwicks
Bay and Vermillionve to be valued by competent
engineers at the time Of entering into contract,
but not to be paid for by lessees until the end of the
lease herein provided for.
g. The parties leasing to 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 obligatug themselves to do no
act which will infringe the rights under
the present charter of said company, aud
also to hold said company harmless
again st any loss which might result from acts com
mitted that portion of road now proposed to be-
| leased
4 Should the lessees succeed in obtaining a land
grant on the line of railroad beyond Berwicks Bay,
it will be and remain the property of said essees,
this company claiming none of its benefits, and
mourning no portion of the responsibility attend.
ing it.
Transportation to De furnished said lessees over
the company's road, as follows, viz:
The President, Directors and officers of the road
including engineers. superintendents. road IN asters,
and bridge builders free of charge. Transportation
oflaborers going out to be charged one-third the
regular fare. Provisions and supplies to charged
half of regular rates. Material other than iron
and Crossties to be charged one-half of regular
rates. Iron to be charged one dollar per ton, and
crossties f any fifteen cents each Lessees to load
and unload the cars.
6. The road thus to be built shall be a hrst.cass
railroad in every respect The guage to be the same
as the companys rosd-say five feet six inches. The
used to be less than fifty eight pounds per
yard.
:, The said lessees to obligate themselves to com.
menoe said road within four mcnths, and have it
finished and in running order to the Sabine
IlVet connecting WIN Nu4 IOdu at OF near
Orange, within three years from date of signing the
lease.
g. In order to insure the faithful performance of
the contract the lessee will be required to
execute bond to an amount and with good and
satisfactory security 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 Agisrs opposite
New Orleans, to BrAshear City, including the fran
ohises of the Company beyond to Texas, under the
following conditions
To- That the party or parties proposing to lease
shall state the least number of years he or
they will lease the road. the following con
ditons:
?. The accrued interest to October l, 1858. the
mortgage bonds, tsaid bonds maturing in $780, to be
provided for by the lessee.
8, The semi.annual interest on same bonds, aocru-
ingyearly after date, and payable the first days
of April and October of each year. say $4,000 per
annum, to be also provided for by said lease.
4, The road to be built over the route from Ber
wicks Bay to New iberia; thence to a point at or
near Vermiionville thence in q westerly direction
to point on the Sabine river, connecting with the
Houston and Beaumont Road.
8. The building of the road 10 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.
6. The grading, culverts, ETC., now made beyond |
Berwiok's Bay. to be taken by the lessee at a |
valuation to be asoertained by experts, one to be
appointed by each party, in case of disagreement,
they to select an umpire; and to be paid for on |
such terms as shall be hereafter agreed on.
The road to be built, equipped and maintained |
duriHg the entire lease first class road in |
every respect.
g. At the close of said lease the said road depots,
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 select an umpire
whose decision shall be final The value thereof
thus asOsrtainsd shall be subscribed as stock in the
present company it being we'll understood that all
costs of maintenance as well expenses of operat
ing the road shall Bo at the exclusive charge of the
lsssees
o Tha contraet with Charles Morgan for running