The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-02
Is Opelousas of its road beyond

tension towards Opelousas Oh iss foou SeSoA1
Vermionvile.
, The said lease TO continue for term OF years
IN be agreed upon between the company ana tne
Iessees At the end OF the lease the properly 70
he valued by disinterested parties, the railrosu
comnany 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
said company the lease TO be extended for
fnrtber term of years, and so on until finally pur
chased and paid for by said New Orleans, 0pe.
Iousas and Great Western Railroad Company.
The grading already made between BerWlcks Bay
and Vermionville TO be valued by competent engi-
neers at the time OF entering into contract, bat
not 10 be paid for by lessees until the end OF the
first lease, herein provided for.
8. 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 obligating themselves
TO 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 acts committed on that
portion Of road now proposed to be leased.
A. 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 its
benefits, and mourning no portion Of the respon-
ebty attending 1t.
s. Transportation to be furnished said lessees
over the compsny's road. as follows, viz:
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-ues 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 guage to be the
same as the company's road-say feet inches.
The iron used not 90 be less than IS pounds per
yard.
commence said road within four months. and have
/ ( finished and in running order 70 the sabine
river, connecting with the Houston road at or
near Orange, within three years from date OF
signing the lease.
3. In order 10 insure the faithful performance
of the contract the lessees will be required to ex
ecute bond 10 an amount, and with good and
satisfactory security 10 the satisfaction OF the
board of directors.
.. 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 Aglers,
opposite New Orleans, to Brashear City, includ-
] ng the franchises Of the company beyond to
Texas under the following conditions:
l. That the party or parties proposing TO lease
shall state the least number OF years ne or they
O. The accrued interest to October l, ls6S, on
the mortgage bonds, (said bonds maturing in
1887 to be provided for by the lessee.
g. The semi annual interest on the same bonds.
accruing yearly after date, and payable on the
first days Of April and of October of each year,
say $4,000 per annum, TO be also provided Tor
by said lessee.
4. the road to be built over the route from Ber-
wick's Bay to New Iberia, thence to point At or
near Vermionville, thence in westerly direction
10 point on the Sabine river, connecting with the
Houston and Beaumont road.
8. 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.
6. The grading, culVerts, etc., now MADE ne.
yond Berwicks Bay, 10 be taken by the lessee al
a valuation to be ascertained by experts, one 70
be appointed by each party. in case OF disagree
ment they to select an umpire, and to be paid Tor
on such terms as shall be hereafter agreed on.
T. The road to be built, equipped and maintained
during the entire lease as first class roadin every
respect.
s. AT the close of said lease, the said road. de
pots stations, rolling stock, etc., from Berwck'i
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. TIT
value thereof thus ascertaned shall be subscribed
as stock in the present company itbeing well IN
derstood that all costs of maintenance, as well 6
expense of operating the road, shall be at the ex
elusive charge Of the lessee.
9. 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. incluc
ing depots, machine shops, rolling stock, bridges
etc., to be turned over to the lessee after iuven
tory and appraisment, aud the said property, o
property OF like character and value and like cor
dition and good order, to be returned to the CON
pany at the expiration of said lease.
IL The lessee, TO insure the faithful perform
apce Of this contract, to furnish security to tn
satisfaction of the board Of directors.
IL. The said lessees shall contribute and pa
each year the sum of 5000, payable quarterly, I
keep up and maintain the organization OF the raj
load company during the existence of this lease
49, The said lessees obligate themselves to d
no act which may operate forfeiture OF the cha
ter, and shall hold the said N. o., o. and &. w:
r. Co. harmless against any and ali acts OF their
Sealed proposals will be received at the ofiC
of the company in New Orleans, No. s. Can
street, until the first day of September next, at
O'Clock NJ, the company reserying the right OF r
jecting any or all bids.
For particular information apply to
C.P. LEyER1CH,
President Bank Of New York
JOSEPH G. BUTLER