New Orleans Republican., 1868-08-06

GREAT WESTERN RAILROAD.

NhEAA w WEDIEhN hAILROAD,
OFF1cR N. o., O.. AND G. W, RAILROAD Co., 4
NeT Orleans, June Q, 1868.
The New Orleans opelOusas, and Great Western
Railroad Company, desiring that connection shai
be formed between their present terminus at Ber.
vick's Bay ana the Houston and New Orleans Kali
road which terminates at the Sabine river and which
when completed tthe distance being 1877 niles 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 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-
lionville 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 vermilonville to
the Sabine River at or near Orange. the same bav-
ing been already located by resolution Of the Board
Of Directors The distance between these points is
one hundredmles. The company rsservinE to it,
self the right of way and transportation on payment
of proportionate freights and passage money from
the present terminus OF the road TO any extension
towards OpelOusas Of its road beyond vermillion-
Vile.
p 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 pro erty ia he
valued by disinterested parties the railroad compa.
ny to select three, and the essess three the two. IL
need ha tn rail- in
final The railroad company reserving the right to
purchase said property at such valuation but IL not
then promptly paid for BY said company the lease 10
be extended for further term Of years, and 80 on
until finally purchased and paid for by said New Or
leans. opelousas, and Great Western Railroad Com
pany. The grading already made bstWe Berwicks
Bay and VermiIlionvlIe TO be valued BY competent
engineers at the time Of entering into contract,
but not to be paid for by essses until the end of the
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 ornsar the city Of New
Orleans, and further Obgating 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 on that portion of road now proposed to be-
leased aa la
Should theIessees succeed in obtaining a land
grant on the hns OF railroad beyond Berwck's Bay.
it will be and remain the property of said ,essees
this company claiming none Of its benefits, and
incurring no portion Of the responsibility attend
ing il.
transportation to be furnished said lessees over
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 Transportatron
OF laborers going out to be charged one.third the
regular fare. Provisions and supplies 70 Oe charged
onehaf Of regular rates. Material, other than iron
and crossties to be charged onehalf Of regular
rates Iron to be charged one dollar per ton, and
crOssties i any fifteen cents each Lessees TO load
and unload the cara @ l |
g. The road thus to bs built shall be tirat-cIass
railroad in every respect The euage to he the same
as the company's roAd-say five feet six inches. The
iron used not to be less than aftyssht pounds DER
yard.
4 The said lessoes TO obligsts themselves to oom.
nence said road within four months, and hays II |
inished and in running order to the Sabine
liver connecting with the Houston road at or near
Orange. within three years from date Of signing the
ease. I
g In order 10 insnre the faithful 1sr a
he contract the lessee will bo REQUIRED 70
1ecute bond to an amount, and with Vood and
satisfactory security to the satisfaction Of the Board
4 Directors.
8 The Company reserves the right to reject auy
nd all bids.
Another proposition, and for which proposals are
lso invited, isto lease thp road. including dspOts.
tAtions. rolling stock etc., lrom Aleisrs, opposits
lew Orleans, to BEAshsAr City ineludine the fr.n.
hiHss Of the Company beyond 20 Texas under Inc
slowing condition.. +
70. that the party or parties proposing 10 Iesaa
nAll state the least number Of yesrs he or
lsg viii Lease the road. On the following COZ.
tions;
2 The accrued interest to October l, lsss, on the
''ls"ss bonds. I'aid bonds maturias in lsss to bs
IVvidsd for BY the Issscs. Ia
J The semi asnualinssrsss on same bonds. acorn.
sssarl, stisr dAts. and payable on the aTst dsys
April aha October Of each year, say $4,000 Del
mum, 2 b also prosIdsd for b. said lease. i
I. Tbs road to bs built over tho route f,oo ~,
'a'' Bay % New IBERIA thence to point It oil
IL ~ Il 4 RI q