The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1870-12-23
moxlCg To TAG ppslic.
EXECUTIVE DEPARTMENT,
ATLANTA, Ca, October both, 1870.
To JFhom il May Concern:


To Whom il May Concern:
BY an act Of the General Assembly of the State Of
Georgia approved October d. 1870, authority Is
given to the Governor 20 lease the Western and At
lantic Railroad the property of the State together
with all of its houses. workshops depots, rolling
stock and appurpnancps Of every character, for the
term Of twenty years upon csrtansrrm.and subject
10 certain restrictions thrrein named, to-wlt:
The monthly rental shall not be less than twenty
FIVE thousand dollars 325O0U) payable monthly.-
The l-ss-cs shall give bond for the sum OF eight
millions Of dollars IS, ,00O to securing the
prompt payment of the amount OF rental agreed upon
and for the return OF the road and its appurenance'
at thu expiration If the LEASE ON the termination
or forfeiture thereof in good cond@on as az the
time of easing five millions IS O0O0G0) of whchs Sc
ctrtv shall be within this State and tile balance II
out of the State shall b. upon resi- etae or raiifoad
property. The lessees 70 he worth over and above
their Indebtedness, al least five hundred thousand
dollars $500 O0U)
The Legislature reserves to itself the right, from
time 10 time to examine into the affairs ofe lessees
and TO require that he amount Of security above re-
cited shall be maintained and unimpared.
The lessees shall not be less than ssven III num-
Der a majority of whom shall have been for five
wears bona fde residents of this State, and shall rep
resent majority of the whole interest in the lease
No railroad express company, or ANY com bhatl0h
of them shall, in any event, become the lessees, put
they NAV become suretts the bonds OF the lessaes
Il
frpirhts over said road than average rate charged
by the Georgia Railroad and Banking Company, the
Central Railr ad and Banking Company, and lhe
Macon and Western Railroad Company for like local
freirhis said roads, and the said lessees shall
have thu same rights exemptions, privileges. immn
mites and guarantees, except the establishment OF
| banks and shall be subject to the same liabilities
disabilities and public burdens of said railroad com
panies last mentioned. The faith Of the State IN
pledged to redeem all mortgage bonds and, coupons
aow resting on the State Roadss they nall due, and
save the lessees harmless aganMall such bonds and
| coupons.
The lessres are by this act constituted body cor
poratc and polite for the term of twenty years, un-
der the name and style of the Western and Atlantic
Railroad Company, having such powers. liabilities
| and immuni.ies, usual with railroad cOmpa-
nies. and not in conflict with the Constitution
and Laws of the United States. or of the State OF
| Georgia; but they will not be allowed to make or
permit any discrimination in favor Of against any
| other road or persons havn2 business connections
with the said Western and Atlantic Railroad.
| For the purpose of carrying out this act. propos-
ais will be received until and including the 18th day
| of December next and must be addressed ito the
Gov.rnor Of the State Of Georgia, at Atlanta and
marked on The wrapper, Proposals for the lease ct
! the Western and Atlantic Railroad in accordance
with an Act approved October "a, 1870 The pro-
posals must STATE in fall the names and residence Of
! the parties uniting TO make proposition, the amount
that each of them therein named worth over and
above their debts and liabilities, together with full
description of the character of the security which will
be offered TO complete the bond
The property to be leased single track railroad,
one hundred and thirty eghi miles in length, with
full and complete equipment Of shops drpots, turn
outs sidengs engines cars, etc, etc, etc, now IN
successful operation between the cities OF Atlanta in
Gee rga and Chattanooga, in Tennessee. AT Chatta-
nooga the line is in direct rail connection with the
Memphis and Charleston, Nashville and Chattanoo-
ga, Chattanooga and New Orleans, East Tennessee
! and Georgia and the Chattanooga and Cincinnati,
(uow in progress ofconstruction) railroads and at
| Atlanta with the Atlanta and Montgomery. Atlanta
| and Charleston, Atlanta AMI Savannah, and the At
aata and Cuff lines of road, being the only railroad
connection between tho system of railways crntering
at Chattanooga and at Atlanta
| Copies of IAN Act to authorize the lease OF the
Western and Atlantic Railroad, and for other pur
! poses therein mentioned, approved October 9th,
| 1870, can be- had upon application at the Executive
office.
RUFUS B. BULLOCK
By the Governor
ROBERT H. ATKINSON,
Executive Secretary.
TPapers in The State will not copy the above no.
tice except by direct order from the Executive De-
partment
nov IL tiIldec25th.