New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-17
RAILROADS.
GREAT WESTERN RAILROAD.

| nalHoao company, desiring that connection shall
be formed between their present terminus at Der
Wick's Bay and the Houston and New Orleans Rail
terminates at the Sabine river and which
when completed the 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 as may undertake to fill up such gap the fol
lowing terms and conditions, to wit:
L VIII lease the right of way and the franehito
now possessed by said company from their present
terminus at BerWick's Bay to the town of Yermil.
liOnyile, the grading Of which is almost entirely
completed for these sixty. three miles, and wiz at
the same time, lease the right under their charter
to build the branch railroad from Vermillonyille 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 reseryinR to it.
self the right Of way and transportation on payment
Of proportiOnate freights and passage money from
the present terminus Of the road to any extension
towards 0pelousas Of its road beyond Vermilliou
vile.
q The said lease to continue for term of years to
be agreed upon between the company and the
essees At the end of the lease the property to be
valued by disinterested parties the railroad compa
ny to select three, and the essees three the two if
need be- to call in an umpire whose decision will be
final The railroad company ressrving 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 or
until finally purchased and paid for by said New Or
leans opelOusas, and Great Western Railroad Com.
pany. The grading already made between Berwiok's
Bay and Vermillonville to be valued by competent
engineers At the time of entering into a contract,
but not to be paid for by essees until the end of the
lease herein provided for.
3 The parties leasing to obligate themselves to
| connect with no other railroad which might here
after be built terminating at the city of New
Orleans, and further Obgating themselves to do no
act which will infringe the rights under
the present charter of said company and
also to hold said company harmless
against any loss which might result from acts com
mitted on that portion OfrOad now proposed to be-
| leased
A. Should the lessees succeed in obtaining land
grant on the line of railroad beyond Berwicks Bay,
it will be and remain the property of said lessees
this company claiming none of its benefits, and
mourning portion Of the responsibility attend.
| ing it.
Transportation to be furnished said lessees over
the company'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
onehaH of reguler rates. Material, other than iron
and orossties, to be charged onehalf of regular
rates Iron to be charged one dollar Der ton. and
Crossties df any fifteen cents each. Lessees to load
and unload the cars.
g. The road thus to be built shall be frst-class
railroad in every respect The guage to be the same
as the companys roAd-say five feet six inches. The
iron used not to be less than fftyeight pounds per
yard.
Z. The said lessees TO obligate themselves to oom
mence 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.
g, In order to insure the faithful performance of
the contract the lessee will be required to
| execute bond II on amount, and with good and
satisfactory security to the satisfaction of the Board
of Directors.
8 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
New Orleans, to Brashear City, including the fran
ohises of the Company beyond to Texas, under the
following conditions:
10. That the party or parti> proposing to lease
shall state the least number of years he or
they will lease the road. on the follow ug con
ditions:
2 The accrued interest to October l, 1879, on the
mortgage bonds said bonds maturing in 1885, to be
provided for by the lessee.
3. The semiannual interest on same bonds accru-
ing yearly a;ser date and payable on the first days
of April and October of each year. say $l6OOOO per
annum, to be also provided for by said lease.
4, The road to be built over the route from Ber.-
Wick's Bay to New Iberia; thence to point at or
near Vermiliionyille; thence in westerly direction
to point the Sabine river, connecting Nth the
Houstonrand Beaumont Road
6, 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
BerWieks Bay, to be taken by the lessee at a
valuation to be a, eertained 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
during the entire lease as first class road in
every respect.
g. At the close OF said lease the said road, depois
stations rolling stock, ETC., from Berweks Bay to
the Texas line shall be valued by experts one to be
appointed by each of the parties hereto and in tie
event Of disagreement, the two to select umpire,
whose decision shall be final The value thereof
thus Escertained shall be subscribed stock in the
present company it being well understood that all
costs of maintenance, well expenses of Operat
ing the road shall be at the exclusive charge Of the