The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-11
New Orleans, Opeiossss and Great Western
Railroad.
OFFICE N. o., o. AND G. W. RAILROAD Co.,
New Orleans Juue 6. 1868,

The New Orleans. 0pelousas and Great West
ERR Railroad Company. desiring thsta connection
shall be formed between their present terminus at
5erwick's Bay and the Houston aud New Orleans
Railroad. which terminates at the Sabine river
and which when completed 1.-THE distance being
l63 miles) will connect New Orleans with almost
the entire railroad system of Texas, the presi-
dent and directors of said company, therefore,
propose TO such party or parties "a may under
take 10 I'll up such gap the following terms and
Conditions, tO-wit:
:. Will lease the right Of way and the frsnchise
now possessed by said company from their present
terminus at Berwick's Bay 10 the iowa OF Yer
miliouvle. the grading OF which is almost entirely
completed for these sixty three miles, aud will, at
the same time lease the Tigh. under their charter
TO build the branch railroad from VermiliOnville
10 the SABINE river. az or near Orange. the same
having been already located by resolution of the
board If directors. The distance between these
points is leo miles. The company reserving to
Itself the right Of way and transportation on pay
meDt OF proporiioDste ireights and passage money
from the present terminus of the road to any eX
tension towards Opelouses OF its road beyond
YermIionville.
2. The said lease to continue for term Of years
to be agreed upon between the company aud the
lessess At the end of the lease the property to
be valued by disinterested parties. the railroad
company to select three and the lessees three, the
two, II need be, to call In en- umpire, whose dsc.
sion will be fDal. 1he railroad company reserg-
ing the right 10 purchase said property at such
hdluEIOu. Duh IL uOl luSu plOWpLiy pan IOE Oy
said company the lease to be extended tor
further term Of years, and so on until finally pur
chased and paid for by said New Orleans, Ope
l0usss and Great Western Railroad Company.
The grading already made between Berwick's Bay
and VermiliOnville TO be valued by competent engi
Deers at the time Of entering into a contract but
hot 10 be paid for By essees until the end of tie
Fl 81 lease, herein provided for.
3. The parties leasing to obligate themselves to
connect With no other railroad which might here
flNr " h1I ffnO af kha offxrn Of
New Orleans. and further oblgatng themselves
10 do no act which will infringe the rights under
the present charter Of said company, aud also 20
bold said company harmless against any loss
which might result from ac's committed on that
portion If road now proposed to be leased.
A. should the lessees succeed in obtaining
land grant on the line of railroad beyond Der.
wiok's Bay, it will be and remain the property of
ssid = secs, this company claiming of its
benefits, and mourning no portion of the respon-
sibiiity attending il.
5. Transportation 10 be furnished said lessees
over the compGDy's road, as follows, VIZ:
The president, directors and officers of the
rO8d, including engineers, superintendent road
masters and bridge builders free OF charge.
transportation of labOrers going out to be
charged one-,hird the r. gular fare. Provisions
and supplies 10 be charged one half Of regular
Tstes. Material. other than iron aud cross tea
be charged one.half Of regular Rates. Ioa to be
charged one dollar per ton, and cross-tes at any
bfieen cents each. L,ssees to load and unload
the cars.
8. Tire road thus 10 be built shall DO frat class
railroad in every respect The guage to De the
same as the company road-say feet 6 Inches
he iron used not 20 be less than So pounds per
yard.
Z. The said lessees to obgste themselves to
commence said road within four months. and have
II finished and in running order 10 the sabine
rlver, connecting with the Houston road at or
near Orange, within three years from date of
signing the lease.
s. L. order TO insure the faithful performance
OF tie contract the essees will be required TO ex
ecuie a bond 10 an amount. aud with good aud
satisfactory security 10 the satisfaction of tue
board of directors.
9. The company reserves the right to reject
any and all bids.
Another proposition, and for which proposal,
are also invited, is to lease the road, uciu ling
depots, stations, rolling stock, ETC., from giers
opposite New Orleans, TO Brsshear City inciud-
Ing the franchises OF the company beyond to
itxas, uuder the following conditions:
!. That the party or parties proposing to lease
shall state the least number of years he or they
will lease the read. on the following conditions:
z The accrued interest TO October l. ls6S, on
he mortgage bonds, Geld bonds maturing in
1852 20 be provided for by the lessee.
2 The semi sunuzi interest on the same b1nds
accIuing yearly after date. and payable on the
hrsi days OF April snd OF October Of each year
sfy $4,000 per annum, to be also provided for
by sad lessee.
&. the road 10 be built over the route from Ber-
wick's Bey to New iberia thence 10 a point At or
near Vernilionvlile thence iu westerly direction
to point on the Sabine river, connecting with the
Houston and Beaumont rad.
3. The building of he road to be commenced
wi bin foDr mOntbs after signing the contract of
lease. To be prosecuted with ali dispatch and 10
he iully and finally constructed within three
years from The signing Of the lease.
6, The grading, eulyeris, etc.. now made be-
yond Berwlcks Bay, 10 be taken by the lessee at
q vsus'ion TO be ascertaned by experts one %
he appointed by each party, ia case OF disagree
meBt hey TO select an umpire, and to be paid for
on such terms as shall be hereafter agreed on.
T. The road to be built, equipped aud maintained
during the entire lease tirst class road 10 every
respect.
g. At the close of said lease, the said road. de.
pots. stations, rolling stock, etc, from Berwck's
Bay 10 be Texas line shall be Va'ued by experts.
DLe to be appointed by each Of The parties hereto,
no in the event Of disagreement, She two to Sc
ect en- umpire, whose decision shalt ne faai The
value thereof thus sscegtaned shall be subscribed
IS STOCK N The present company. itbeing we'll un-
ieistood that all costs of maintenance, a. we'll as
Expense of operating the road shall be at the ex.
,lusiye charge OF the essee.
Q. The contract with Charles Morgan for run.
llng me of steamers to reXas extending 10 ISL
q be carried out by the lessee in every respect,
10 The present rosd to BerwIck's Bay, Iiclud. |
ng dep0's, machine shops, rolling sto * bridges, |
'tc., t. BE- turned over to the lersee after inven
Dry arc appraiement, and toe said property, o. /
properly OF ike character and value AID IKE cor
liti"n snd good order 10 be returned to the com. /
any az the expiration Of said lease.
u. TIE lessee, 20 insure the faithful perform. !
nee Of his contract, 70 furnish security 10 the |
abstraction OF the board Of directors
II. The said lessees shall contribute and nav /
sch year The sum of 5000 payable qq,r erly. 70 |
eep up and maintain IN organization vi the raj.
Oad company during TIE existence Of this lie ase
ID. The said essees obi gate themse ve- T. q,
10 set Which may operate forfeiture Of the char
n. srd shalt hold the said N. o., o. and q WR.
: Co HARMLESS agsIn.t any and all acts of thairs
SeEitd proposals gill be received az he Office
4 the company in New Orleans, No 90 Canal
rect until the Br.t day OF September next nc ~
e y NJ, The compsBy reseTving the right of re-
.ciing any or all bids.
For particular Information apply to
G. P. LEV RICH
President Bank 81 York
JOSEPH e.. RLER
President ala. tie B,nk gfncun.tf NH,