The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-18
New Orleans. Ope,ou.s. and Great Western
Railroad.
OFFICE N. o.. Q. AND G. W. RArLRoAI


OFFICE N. O., o. AND C. W. RAILROAD Co.,
New Orleans, June 6, 1868.
The New Orleans. Opeousas and Great West
ern Railroad Company. desiring that connection
shall be formed between their present terminus at
Berwick's Bay and the Houston and New Orleans
Railroad which terminates at the Sabine river,
and which when completed (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 as may under.
take TO fill up such gap the following terms and
conditions, to-wit: -.
i. viii lease the right of way and the franchises
now possessed by said company from their present
terminus at Befwick's Bay to the iowa Of Yer.
milionville, 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
10 build the branch railroad from Vermilionville
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 reserving to
itself the right OF way and transportation on pay
ment of proportionste freights and passage money
from the present terminus of the road to any ex
tension towards Opelousas of its road beyond
Vermilonville.
2 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
company to select three and the essees three, the
two, If need be, to call in an umpire, whose deci
sion will be final. The railroad company reserv-
ing the right to purchase said property at such
valuation, but If not then promptly paid for by
said company the lease to be extended for
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 Berwick's Bay
and Vermilionville to be valued by competent engi
neers at the time Of entering into a contract, but
not TO be paid for by lessees until the end of the
first lease, herein provided for.
3. The parties leasing to obligate themselves to
connect with no other railroad which might here.
after be built, terminating at near 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 committed on that
portion of road now proposed to be leased.
4. Should the lessees succeed in obtaining
land grant on the line Of railroad beyond Der.
wicks Bay, it will be and remain the property of
said lessees, this company claiming none of its
benefits, and mourning no portion Of the respon-
sibility attending it.
The president directors and o ttHsa Of the
road, including engineers, superintendents road
masters and bridge builders free Of charge.
transportation of laborers going out to be
charged one-third the regular fare Provisions
and supplies to be charged one-hslf Of regular
rates. Material, other than iron and cross-ties to
be charged one.hslf Of regular rates. Iron to be
charged one dollar per ton, and crossties (if any,
fifteen cents each. Lessees to load and unload
the cars.
railroad in every respect. The guage to be the
same as the company's road-say 5 feet inches,
The iron used not 30 be less than So pounds per
yard. |.
4. The said lessees 70 oblirate tbemselves ~
commence said road within four months and have
II finished and in running order 10 the Sabine
river, connecting with the Houston road at or
near Orange, within three years from date of
signing the lease.
8. In order to insure the faithful performance
OF the contract the lessees will be required to ex.
ecute bond to an amount, and with good and
satisfactory security TO the satisfaction of the
Q. The company reserves the right to reject
any and all bids.
Another proposition, and for which proposals
ere also invited, is to lease the road including |
depots, stations, rolling stock, etc. from AIgiers
opposite New Orleans, to Brashear City, includ. |
ing the franchises of the company beyond 10 |
Texas, under the following conditions:
1. That the party or parties proposing to lease
Shall state tie least number Of years he or thew
VIII lease the road, on the following conditions:
q Inc accrued interest TO October l, 1863 on /
the mortgage bonds, (said bonds maturing in /
1889 to be provided for by the lessee
3. The semi. annual interest on the same honda
accruiDg yearly after date, and payable on the
nrst days OF April and OF October Of each wear
say tiS3 goo per annum, to be also provided for
4. the road to be built over the route from Ber.
wicks Bay TO New Iberia, thence TO a point at or I
near Nernlionville, thence ia a westerly direction
70 point on the Sabine river, connecting with the
Houston and Beaumont road
S. The building of the road TO be commenced
within four months after signing the contract of |
lease, TO be prosecuted with all dispatch and to |
be fully and finally constructed within three
years from the signing Of the lease.
8. The grading, culverts, etc. now made be
yond Berwick 8 Bay, TO be taken by the lessee AT
valuation 70 be ascertained by experts one TO |
De appointed by each party, in case of disagree.
ment they to select an umpire and to be psjd for
on such terms as shall be hereafter agreed m,
Z. The road to be built, equipped and maintained
during the entire lease first class road ia every
respect.
s. At the close Of said lease, the said road. de.
pots, stations, rolling stock, etc. from Berwjck;s
Bay TO the Texas line. shall be valued BY EXPERTS
one to be appointed by each of the parties hereto
ana IN the event Of disagreement, the two to Sc.
ect an umpire, whose decision shall be final. The
value thereof thus ascertaned shall be subscribed
% stock in the present company, il being well nm
ierstood that all costs of maintenance, as well as
Expense Of operating the road, SHAH be at the ex.
elusive charge of the lessee.
8. The contract with Charles Morgan for run.
hing line Of steamers to Texas extending 10 1871
o be carried out by the lessee in everyFespect.
10: The present road to Berwick's Bsy includ. s
ng depots, machine shops, rolling stock bridges
tc, TO be turned over to the lessee after iuyen.
DRY and apprssment, and the said property or
property OF like character and value and like con.
htion and good order, 70 be returned to the com.
ANY at the expiration Of said lease.
IL Inc lessee, to insure the faithful perform
nee OF THIS contract, TO furnish security TO the |
abstraction Of the board OF directors
IL. The said lessees shall contribute and nav
ach year the sum Of 5000, payable quarterly, 10
eep up and maintain the organization of the rail-
cad company during the existence of this lease
Is. The said lessees obligate themselves TO do
o act which may operate forfeiture of the char.
sr and shall hold the said N. o., o. and q. W.R.
!. Co. harmless against any and all acts of theirs
Sealed proposals will be received at the offiee
the company in New Orleans, No. 6s Canal -
rect until the fret day Of September next, AT /?
clock NJ, the company reserving the right Of re. n
citing any or all bids.
For particular information apply TO q
G. P. LEYERICH, =
President Bank Of New York n
JOSEPH c. BUTLER 4
PRESIDENT Lafayette Bank Cincinnati, Ohia
CHAS. PARSONS,
Cashier state saylngs Assoelaton. 81 Louls No.