The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-06
New Orleans OpeIou.as and Great Western
Railroad.
OFFICE N. o., o. AND G. W. RAILROAD Co.,
New Orleans, June 6, 1868.

New Orleans, June 6, 1868.
The New Orleans, 0pelousas and Great West.
ern Railroad Company. desiring that a connection
shall be formed between their present terminus at
BeIwck's Bay and the Houston and New Orleans
Railroad, which terminates at the Sabine river
and which when completed 1.-THE distance being
163 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:
l. Will lease the right of way and the franchises
now possessed by said company from their present
terminus at Berwick's Bay to the iowa of Yer.
milionvle, 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 Vermiionville
10 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 night Of way and transportation on pay.
ment OF prOpOriionate freights and passage money
from the present terminus Of the road to any ex.
tension towards opelousas of its road beyond
Vermilionville.
2. The said lease to continue for term of years
TO be agreed upon between the company and 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 an umpire, whose deci.
sion will be final. The railroad company resery-
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 One.
lousas and Great Western Railroad Company
The grading already made between Berwick's Bay
and Vermiionyille to be valued by competent engi-
neeTs at the time OF entering into contract, bat
not TO be paid for by lessees until the end of the
hTst 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 or near the city of
New Orleans. and further obligating themselves
10 90 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.
wick Bay, 1t will be and remain the property of
said lessees, this company claiming none of its
Dement'S, and mourning no portion of the respon-
sibility attending it.
s. Transportation to be furnished said lessees
over the compsny's road, as follows, viz:
The president, directors and officers of the
road, including engineers, superintendent 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-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 cross-tes Of any)
NNAeo OoSh' LCc5CCo W lOdu anu uuiOdQ
g. The road thus to be built shall be a first class
railroad in every respect. The gusge to be the
same as the compsnys road-say 5 feet 6 inches
The iron used not 20 be less than IS pounds per
yard
z. The said lessees to obligate themselves TO |
said road within four months and have |
I 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.
8. In order TO insure the faithful performance |
d The contract the lessees will be required to ex
ecute bond TO an amount and with good aud |
satisfactory security to the satisfaction of the |
8. The company reserves the right to reject
my snd all bids.
Another proposition, and for which proposals
ire also invited, is to lease the road including
lepOts, stations, rolling stock, etc., from Algiers
opposite New Orleans, to Brashear City, includ.
Dg the franchises Of the company beyond 10
Te xas, under the following conditions:
L.; mat the party or parties proposing to lease
hall state the least number Of years be or they
Will lease the road, on the following conditions:
2. The accrued interest to October 1, 1868. on
he mortgage bonds, (said bonds maturing in
$50 to be provided for by the lessee.
3. The semi annual interest on the same bonds.
ccruing yearly after date. and payable on the
rst days OF April and OF October Of each year,
sy si60 900 per annum, to be also provided for
y said lessee.
4; the road to be built over the route from Ber-
Fick's Bay to New Iberia, thence to point at or
ear VeImiionville, thence 10 westerly direction
9 point on the Sabine river connecting with the
iouston and Beaumont road
3: The building of the road to be commenced
Tithin four months after signing the contract of
ease. TO be prosecuted with ali dispatch. and to
e fully and fnslly constructed within three
ears from the signing of the lease.
8. The grading. culverts, etc., now made be.
ond BeIwick's Bay, TO be taken by the lessee at
IN ha na1 -, /
e appointed by each party, in case of disagree.
TENT they to select an umpire, and to be paid for
. such terms as shall be hereafter agreed on.
q: The road to be built, equipped and maintained
uring the entire lease as first class road every
aspect.
s. At the close of said lease, the said road. de.
OTIS, stations, rolling stock etc., from Berwick's
ay 10 the Texas line. shall be valued by experts
ne 70 De appointed by each of the parties hereto,
ID IN the event Of disagreement, the two to se-
CT an umpire, whose decision shall be final. The
alue thereof thus ascertaned shall be subscribed
STOCK IN The present company, il being well un-
efstood that all costs of maintenance as well as
NPense OF operating the road, shall be at the ex-
usiye charge of the lessee.
y. The contract with Charles Morgan for run
ng me OF steamers to AeXas, extending to 1871,
be carried out by the lessee in every respect.
~: The present road TO Berwick's Bay. incud. {
g depots, machine shops, rolling stock bridges, I
c., TO be turned over to the lessee after inveu-
ry and appraisment and the said property, or !
eperty OF like character and value and like con. !
ton and good order. to be returned to the com. I
my at the expiration of said lease.
III. The lessee. TO insure the faithful perform
zee OF this contract, to furnish security to the 4
tisfacton of the board of directors. 1
IL The said lessees shall contribute and pay
ch year the sum Of $4,000, payable quarterly, 10 4
ep up and maintain the organization of the rail. I
al company during the existence Of this lease. !
Is. The said lessees oblgate themselves 70 do a
act which may operate forfeiture Of the char. /
T, and shall hold the said n. o.. o. and G.. WR I
Co. harmless against any and all acts Of theirs
Sealed proposals will be received at the Office G
The company in New Orleans, No. 60 Canal |
'eet, until the fret day Of September next, at ~ I
G ock N, the company reserVing the right of re. |
sting any or all bids. !
For particular information apply 70 q
G.. p. LEvERTCH, ,
President Bank o. New York | 4
JOSEPH G. BUTLER. j.
President Lafayette Bank, Cincinnati, Ohi1. =
CHAs. PARSONS,
Cashier State Savings Association 81 Louis No. Z