New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-08-30

GREAT WESTERN RAILROAD.

GREAT WESTERN RAILROAD,
OFFICE N. O., O.. AND G. w. RAILROAD Co. |
New Orleans June 6, 1858. ! |
The New Orleans, opelousas. and Great Western |
Railroad Company, desiring that connection shall /
be formed between their present terminus at Der.
wick's Bay and the Houston and New Oileans Hail /
road which terminates the Sabine river and which
when completed the distance being 1863 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 franchises
now possessed by said company from their present
terminus at Berwick's Bay to the town of vermil-
lonyilis, the grading of which is almost entirely
completed for these sixty. three miles, and will,
the same time, lease the right under their charter
to build the branch railroad from vermillionvie 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 ressrving to it.
self the right Of way and transportation on payment
of proportionate frsishts and passage money from
the present terminus of the road to any extension
towards opelousas of its road beyond ysrmlllion-
vile.
q The said lease to continue for term Of years to
be agreed upon between the company and the
lessees At the end of the lease the property to be
valued by dsinterested parties the railroad compa
ny to select three, and the sssess three the two
need be, to cali 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
be extended for further term of years, and so on
until finally purchased and paid for by said New Or
leans, opeiousas, and Great Western Railroad Com
psny The grading already made between Berwioks
Bay and VermillionviIle to be valued bylcompetent
engineers at the time of entering into contract,
but not be paid forby essses until the end of the
lease herein provided for.
g. The parties leasing to obligste themselves to
connect with no other railroad which might here
after be built terminating at the city of New
Orleans. and further obigating 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 that portion of road 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 no portion of the responsibility atteAd
ing it.
Transportation to be furnished said Isssees owe
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 onethird the
regular fare Provisions and supplies to be charged
one-haf of regular rates. Material other than iror
? and crossties to be charged one-half of regular
, rates. Iron to be charged dollar per tom anC
crossties f any fifteen cents each Lsssees to Load
and unload the cars.
5 G. The road thus to be built shall be frst-clas
railroad in every respect. The guags to be the
as the company's road-say Ave feet six inches. TIL
iron used not to be less than ffty.eght pounds pc
yard.
: T. The said lessses to oblgate themselves to com
q meucs said road within four months, and have |
! finished and in running order to the sabin
river. connecting with the Houston road at or mes
Orange, within three years from date of signing tn
lease.
y 8. In order to insure the faithful performance
the contract the lessee Will be required
|. execute bond to an amount, and with good an
satisfactory security to the satisfaction Of the Boar
] of Directors
O. The Company reserves the right to reject al
t and all bids.
Ell Another proposition. and for which proposals a
= also invited is to lease the road including depot
stations, rolling stock, ETC.. from Algisrs, opposi
It New Orleans to Brashear City. including the fra
70 chses of the Company beyond to Texas, under Il
If following conditions:
e 10. That the party or parties proposing to isas
they will lease the road. on the following cor
e ditions:
a The accrued interest to October l. 1883. on TIL
n mortgage bonds (sAid bonds maturing in 1881 to
r provided for by the lsssss.
g. The serni.annual interest on same bonds, accrr
ing yearly after date and payable on the first day
Of April and October Of each year say slsO.OO0 pc
4 annur, to be also provided for BY said lease
4. The road to be built over the route from Bel
wiOk's Bay to at Esw fhsriA; thancs to point at .
near vsrmiliionviiisi thence in westerly dirsotio
to point on the Sabine river. connecting with Il
Houston and Beaumont Road
e Tbs building Of the road to be commences
|. within four months after signing the contract
3 lease, to DO prosecuted with al dispatch. and
: be fully and finally constructed withia thrs
ssars from the signing Of the lease.
Tho grading. eulserts. etc, now made bsyon
! Berwicks Bay, to be taken BY the isssss st
t valuation 70 be azcsr6insd by experts one % b
= appointed BY aauh party. IN eaas q dsasresmeni
thsy . sslsot a. umpiss; and % Be paid faE a
9 aaeh terms Is shall be hsEsaissr asEsed o..
The road e be baak, equipped. and maintaIns