The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-13
Sew Orleans, OpeIessss sad Great Western
.UHfrrl Railroad. al -
OFFICE N. o., o. AND G.. w. RAILROAD Co.,
Id rr rr---- New Orleans June 6, 1865. I


The New Orleans. 0peIousas and Great West
ern Railroad Company. desiring that connection
snail be formed between their present terminus q,
6erwicks Bay and the Houston and New Orleans
hairosd which terminates at the Sabine river
and which when completed 1.-THE distance being
lo5 miies) VIII connect New Orleans with almost
me entire railroad system of Texas, the presi-
cent ana directors of said compsny, therefore,
take 20 Gil up such gap the following terms AM,
cordtions, to-wit; TTI,'-7 ? - :
]. viii lease the right Of way and the franchises
now possessed by said company from their present.
terminus ct Berwick's Bay to the town OF Yer.
milionvlle, the grading OF which Is almost entirely
completed for these sixty three miles, and will az
the same time, lease the right under their charter
to build the branch railroad from vermlionville
TO the Sabine river, at or near Orange the same
having been already located by resolution Of the
board OF directors. The distance between these
points Is 100 miles. The company rsserving to
Itself the right Of way and transportation on pay
| ment OF proporionate freights and passage money
from the present terminus Of the road 10 any en-.
tension towards 0pelousas of its road beyond
| Vermionville.
2. The said lease to continue for term of years
10 De agreed upon between the company and the
lessees. 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 an umpire, whose deci-
sion VIII be final The railroad company reserv-
ing the right 20 purchase said property at such
valuation, but IL not then promptly paid for by
said company the lease to be extended for a
further term OF years, and so on until finally pur.
chased and paid for by said New Orleans, 0pe-
lousas and Great Western Railroad Company
The grading already made between Bervick's Bsv
ana Vermiionville to be valued by competent engi-
neers at the time OF entering into contract, bat
not to be paid for by essees until the end OF the
hrst lease, herein provided for. I'
.. The parties leasing to oblig6te themselves to
connect with no other railroad which might here.
after be built, terminating at or near the city of
Orleans. in han.
70 do no act which will infringe the rights under
The present charter OF said company and also to
hold said company harmless agsInst sEy loss
which might result from acts committed on that
portion OF road now proposed to be leased.
4. Should the lessees succeed in obtaining n
land grant on the line Of railroad beyond Ber-
wick's Bay, It will be and remain the property Of
said ltssees, this company claiming none of its
benefits, and mourning no portion of the respon-
sibility attending IL. -. r..r r...-
8. Transportation to be furnished said lessess
over the compsny's road. as follows, viz:
The president directors aud officers OF the
road, including engineers, superintendents. road
masters and bridge builders free Of charge
Transportation Of lsborers going out to be
charged one-ihird the regular fare. Provisions
and supplies to be charged one-half Of regular
rates. Material other than iron and cross ties. to
be charged one.haf Of regular rates. Iron to be
charged one dollar per ton, and crosstie (if any)
nfteen cents each. Lessees to load and unload
6. The road thus to be built shall be first class
railroad in every respect The guage TO be the
same as the company 8 road-ssy S feet inches.
The iron used not 20 be less than So pounds per
yard. $3.50 -
z. The said lessees to obligate themselves to
commence said road within four months and have
IL nnished and In running order TO the sabine
river, connecting with the Houston road at or
signing the lease.
s. In order to insure the faithful performance
oil me contract the lessees will be required to ex-
ecute bond TO an amount, and with good aud
ssa.i s security TO the satisfaction Of the
any snd all bids.
Another proposition, and for which proposals
are also invited, is to lease the road, including
depots, stations, rolling stock, etc.. from Agiers
opposite New Orleans, to Brsshear City incIud-
Ing the franchises Of the company beyond to
Texas, under the following conditions:
i: mat the party or parties proposing to lease
shall state the least number Of years he or thew
will lease the road, on the following conditions:
,,a The accrued interest 70 oct9bsr Ises ON
1851 to be provided for by the lessee.
). The emiannual interest on the same bonds,
accrniDg yearly after date, and PAYABLE ON the
first days Of April and of October Of each year,
say siS0 goo per annum, to be also provided for
4: the road to be built over the route from Ber-
wick's Bay to New lbsria, thence to q point at or
near Vernionville, thfnce IN westerly direction
COuuecIlnQ
Houston and Beaumont road.
8. The building Of the road to be commenced
Witnin -FOUR months AFTER signing the contract Of
ease, to be prosecuted with all dispatch aud to
be fully and fnslly constructed within three
years from the signingsof the lease.
o. The grading, culterts. etc., now made be-
yond Berwick's Bay, 10 be taken by the lessee at
! valuation TO be sscertained by experts one to.
be appointed by each party, in case OF disagree.
nent they to select an umpire, ard to be paid for
On such terms as shall be hereafter agreed on.
Z. The road to be built, equipped and maintained
turing the entire lease as FIRST class road 10 every
aspect.
8. At the close Of said lease, the said road. de-
pots, stations rolling stock, etc., from Berwck's
Bay to the Texas line, shall be valued by experts
me to be appointed by each Of the parties hereto,
ect an umpire, whose decision shall be final The
'aue thereof thus ascertained shall be subscribed
Is STOCK in The present company, il being well un-
ierstood that all costs Of maintenance, as we'll as
usive charge Of the lessee. GOWN
3. The contract with Charles Morgan for run-
ing line OF steamers 10 Texas, extending to 1871.
De carried out by the lessee in every respect.
III: Ihe present road to Berwick's Bay includ-
1g depots, machine shops, rolling stock bridges
tc., to be turned over TO the lessee after iuyen.
Dry and appraisnient, and the said property, or
iiepery OF Ike character and value aud like con-
iuon and good order, TO be returned TO the com.
any al the expiration of said lease a-7
IL Inc lessee, to Insure the faithful perform
nee OF this contract, 70 furnish security TO the
'tlsfaction Of the board Of directors.
~ me said lessees shall contribute and pay
ach year the sum OF $4,000 payable quarterly, 70
eep up and maintai0 the organization Of the rail-
'ao company during. the existence Of this lease
10. Inc SAID lessees obhgate themselves to do
act which may operate forfeiture Of the char.
II and shall hold the said N. o., U. and @. W.R.
20; harmless against any and all acts Of theirs
Sealed proposals will be received at the office
the company In New Orleans, No So Canal
rect, until the first day Of September next. at IL
c OCH NJ the company reserving the right of re-
citing any or all bids.
For particular information apply to
G. p. LEvERICH,
President Bank Of New York
JOSEPH o. BUTLER
President Lafayette Bank Cincinnati obia
c.,,--. cHAs. PARSONS.