New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-07-29
NEW ORLEANS. oPELOUsAs. AMI

| hhfAI NhSIfhN hAllhOAD.
OFFICE N. g. o.. AND q. w RAILROAD Co, 4
NeR Orleans, June +, 1865. :
The New Orleans. OpelousAs. and Great Western
Railroad Company, desiring that a connection shall
| be formed between their present terminus at Der,
wick's Bay and the Houston and New Orleans Kali
road which terminates at the Sabine river and which
when completed 0he distance being l6] 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. Will lease the right of way and the franchises
now possessed by said company from their present
terminus at Berwick's Bay to the town OF Vermil.
lionviIle, the grading of which is almost entirely
completed for these sixty three miles. and will, at
the same time, lease the right under their charter,
TO build the branch railroad from Vermilliouve TO
| the Sabine River, at or near 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 reserylng to it.
self the right of way and transportation on payment
of proportionate freights and passage money from
tho present terminus Of the road to any extension
towards Opelousas OF its road beyond Ncrmllion-
willie
., The said lease to continue for term Of years to
he agreed upon between tee company and the
essees. AT the end of the lease the pro7erty to be
valued by disinterested parties the railroad compa.
ny to select three, and the lessces three the two If
need be, to calf in an umpire whose decision will be
final. The railroad company rescryag the right to
purchase said property at such valuation but if not
then promptly paid for by said company the lease to
he extended for further term OF years. and so on
until finally purchased and paid Tor by said New Or
leans, Opolousas, and Great Western Railroad Com
pany The grading already made between BerwicIs
Bay and Nermi!lionville to be valued By competent
engineers at the time OF entering into contract,
but not to be paid forby essees until the end of the
lease herein provided for.
| s. The parties leasing to obligata themselves to
connect with no other railroad which might here
after be butt terminating at or near the city of New
Orleans, and further obligatng themselves to do no
act which will infringe the rights under
the present charter Ct said company, and
also to hold said company harmless
against any loss which might result from acts com
mttted on that portion OF road now proposed to be-
leased.
Should the lessees succeed in obtaining land
grant on the line OF railroad beyond Berwioks Bay.
it will be and remain the property OF said lossees
this company claiming none of its benefits, and
mourning portion OF the .esponsibility attend.
ingit,
3. Transportation TO be furnished said Jesse as over
the company road, as follows, viz:
The President, Directors. and Off GERS OF the road
including engineers. superintendents road m asters
and bridge builders free of charge transportation
OF labOrers going out 10 be charged one.third the
regular fare Provisions and supplies to be charged
onehalf of regular rates. Material, other than iron
and crossties, to be charged onehaIf of regular
rates Iron to be charged one dollar per ton, and
crossties df any fifteen cents each Lessees to load
and unload the cars.
G. The road thus TO be built shall DO q first. class
railroad in every respect The Ruage to be the
as the oompanys road-say five feet six inches. The
iron used not to be less than fifty eight pounds per
yard.
T. The said les ICES 70 obligate themselves to com
mence said road within four months, and have it
finished and in running order to the Sabine
river connecting with tho Houston road at or near
Orange within three years from date of signing the
lease. .A
g. In order to insure the faithful Performance OF
the contract the lessee viii be required to
execute a bond to an amount. and with good and
satisfactory security to the satisfaction of the Board
of Directors.
q The Company reserves the right to reject any
and all bids.
Another proposition and for which proposals. are
also invited is to lease thu road. including depos
stations, rolling stock ETC., from Algiers, opposite
New Orleans, to Brashear City, including the fran,
ohises OF the Company beyond to Texas, under the
following condition;
10. That the party or parties proposing to lease
shall state the least number OF years he or
they will lease the road on the following con,
ditions: tt
q The accrued interest to October |, 1858, on the
mortgage bonds. sad bonds maturing in 1889. to be
provided for by the lessee.
3. The annual interes. same bonds, acorn.
ingyearly after date and payable on the first dag
of April ana October of each year. say $4,000 per
Snnum. to be also provided for by said lease.
I. The road to be built over the routs from Der
wieks Bay 70 New Iberia; thence to a point At or
near vermilliOnvlle; hence in westerly direction
to point on the Sabine river. connecting with the
Houston and Beaumont Road
. The buildiug Of the road TO be commenced
within four months after sisning the contract OF
lease, to be prosecuted with all diBpatOh, and 10
be fully and finally constructed within three
years from the signing of the lease.
6. The grading culverss ETC.. now made beyond
BsrwicEs Bay. to be taken by the lessee at
valuation to be SgosrtAined by experts one to he
appointed By each party, in case Of disagreement