New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-09-04
NEW ORLEANS. OPELoUsAs, AND
GREAT WESTERN RAILROAD.

OsFIcE N. o. o.. AND G. W. RAILROAD Co ,
HeS orleans, June s, 1858.
Ihe New Orleans, opelousas and Great Western
Railroad Company, desiring that connection sbaI
De formed between their present terminus Mt Bsr.
"ieA Bay and the Houston and New Orleans Kali.
ad'whieh terminates at the Sabine riversnd which
when completed (the distance being l63 miles, will
connect New Orleans with almost the entire railroad
system OF Texas. The President and Directors If
said COMPANY, therefore, propose to such marty ~
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 Berwicks Bay to the town of yernil.
honvile, the grading of which is almost entirely
completed for these sixty-three miles, and will
the sane time lease the right under their charter
to build the branch railroad from vermilonyille 70
the Sabine River, at near Orange, the same bav.
ing been already located by resolution of the Board
OF Directors The distance between these points is
one hundred miles The company rsservinp IN f..
self the right of way and transportation nj, svnsr.
OF pFoportonate ireights and passage money from
the present terminus of the road TO any extension
towards opelOusas of its road beyond yermilliop.
vile.
O. The said lease to continue for term of rears tn
De agreed upon between the company and the
esaees At the end of the lease the property to be
valued by disinterested parties the railroad compa
ny to select three, and the lessees three the two if
need be, to call in umpire whose decision will be
final The railroad company reserviag the right 70
purchase said property at such valuation. Init If mt
tnen promptly paid for by said company the lease to
De extended for further term of years, and so on
until finally purchased and paid for By said New Or.
leans, opelousas, and Great Western Railroad Com
pany. The grading already made between Berwick's
Bay and Fermillionville to be valded byIeompetent
engineers at the time of entering into 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 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 com
mitted on 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 lessees,
this company claiming none of its benefits, and
a.
| ing it.
Transportation to be furnished said lsssees owe
the company's road, as follows, viz
The President, Directors and officers of the road,
including engineers superintendsnts road masters,
and bridge builders free of charge Tran
oflaborers going out to be charged one-third the
regular fare. Provisions and supplies to be charged
one-haf of regular rates. Material other tina iron
and crossties. to be charged one-half of regular
rates, Iron to be charged one dollar per ton. and
crossties Gf any fifteen cents each Lessaes to load
and unload the cars.
6. The road thus to be built shall be a hrst-olass
railroad in every respect. The guage to be the same
as the companys road-say Eve feet six inches. The
iron used not to be less than fftyeight pounds per
yard.
I. The said lessees TO obligate themselves to com,
nence 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.
5, 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 to the satisfaction of the Board
of Directors.
3, 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 Algiers, opposite
New Orleans, to BrAshear City. including the fran
chises 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 VIII lease the road. on tho following con
ditions:
The accrued interest to October I, 1858, on the
mortgage bonds said bonds maturing in 1850. to be
provided for by the lessee.
g. The semi -annuaii interest on same bonds, accru-
ing yearly after date and payable the first days
of April and October of each year, say sleo.OOo per
annuua, to be also provided for By said lease.
( The road to be built over the routs from Der
wck's Bay to at New IBERIA; thence to point at or
near verinilionville; thence in westerly direction
to point the Sabine river, connecting with the
Houston and Beaumont Road
The building of the road 10 be commenced
within four months after signing the contract Of
l0sss, to be prosecuted with ali dispatch, and to
be fully and finally constructed within three
years from the signing Of the lease.
6 The grading, eulverts, etc., now made boyOhd
Ber~ieks Bay to be taken By the lessee at .
valuation to be ascertainsd by swsrts One7to Be l
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 read to b built equipped, and maintained