The Portland daily press., 1870-05-26

IOftlstnd ana kenneDec, ana somerset an" Aennc-
bee Railroad Companies, let and leased TO them as
aforesaid. under and according to their respective
charters and to the law OF the to
them and to each OF them during said term. and to
fulfil the public all the duties required of each Of
said last named Companies; to assume all the LA
bilites and fulfill and perform all the obligations
resting upon them respectively at and from the time
when this lease shall take effect; and make all
pairs improvements. renewals and additions neces.
sarv to keep said roads, with their buildings and
rolling stock, in safe and servceable condition, to
transact the business upon them. And the lessee
further agree to make discrimination in the main
enance OF said roads under their charge, their
buildings and equipments or in the manner OF run
ming trains upon said roads; but all of such roads
shall be operated so TO promote the business up
on them They shall;receive all sums OF money de-
rived from transportation uron said roads, and all
derived from the properties of the comp mics let and
leased to them, well as from their own road and
keep accurate accounts thereof. They also agree to
loc1te and build railroad under their Charter as
now extended from some point on their line in Dan
vile to point Of junction with said Portland and
Kennebec Railroad, and mortgage the scme 10 trus-
tees TO secure the payment OF bonds to be created
by them to an amount not exceeding ore million OF
dollars. And by the time said road shall be COM
Ieied they agree to change the gauge OF their track
now in use to gauge Of four ieet eight and one-hali
inches, and their rolling sock to conform to the
same. And out Of the receipts from earnings upon
the railroads under their charge and to be operated
by them; they agree, FIRST, To pay the expenses Of
operating, m iin aiming and repairing said roads
their equipments, buildings and fences including ali
taxes and insurance thereon; SECOND, To pay the
interest upon all bonds and other outstanding obi
cations OF each OF said Railroad Companies and tC
pay all other Obligations and liabilities resting upor
tnem or either OF them; and shall one of the
ditiOns on which this lease is mad paw sem-lnnu.
ally on the first avs OF January and July of eacf
year to the Portland and Kennebec Railroad Com
| pany the sum OF ten thousand and sixty -eight dol
lars and twenty-seven cents; and THIRD, To pay
semi annually on the first days January and Jul,
| in each year to the said Portland and Kennebet
Railroad Company suCh further sums, as when add
| ed to the sum mentioned in the preceding clause
snail amount in all to three per the sock
| the Portland and Kenuebec Railroad COMPANY. ol
stock into which the ''con sOlidaed bonds" o
| said Company may be converted under the term
and conditions provided in said bonds, said stocl
amounting on the first day of January, A. D. 1870
at the par value thereof to six hundred
thousand three hundred dollars S697 30o includios
one hundred and fifteen t1ousand dollars ($115 000)
agreed 10 be issued TO the stockholders of the Som
erset anu Aennehec Railroad Cempany, in consider
| alton OF the assignment of their stock in said las
named Company to the party of the second part ant
also the interest at three per cent. semi i-annual
| ly upon the scrip, amounting to three hunuret
eighty-six thousand eight hundred ninety-two dol
lars issued o the stockholders of the Name Centra
| Railroad C0mpan7. and dated 23d day of May
1870, and to divide the residue of the net earnings
| said Maine Central Railroad Company, Portland am
| Kennebec Railroad Company, and Somerset an.
KeDnebec Railroad Company, and OF any other rail
| roads opera co by them. share and share ahk
| among the stockholders of the Maine Central Rail
| road Company.
ART. 8. The Lessees agree to pay all taxes tina
| may be legally assessed upon said Portland an
| kennebcc Railroad Company, and said Somerse
| and KeDnebec Railroad Company or either of then
| hereby leased aforesaid and to hold the STOCK
holders OF each of said Companies harmless there
not however intending hereby to pay any taxes tina
| may be assessed upon the stock or bonds issued b
said roads, or either OF them; and the lessees ais
agree to keep insured, in some safe and responsible
Insurance Company, or Companies. the property {
the Portlaod and Kennebec Railroad Contain. an
Somerset and Keunebec Raj road Company, to til
amount Of at least one hundred and fifty thousan
dollars (Si5000el, said insurance to be applied. il
case of loss to the rebuilding or restoration OF In
I property insured as Aforesaid.
ART. 6. Said lessees further agree an coyenau
he. I
lease. assume the defence OF all suits actions com
plants and prosecutions which may then l
pending, or which may thereafter be broueh
pany, or Somerset and Kennebec Railroad Comp;
n.y. or any of their officers, servants agents, IL
any thng by them done, under authority and in b.
half OF said Companies, or either of them, and wi
| indemnify and save harmless the said Compani,
and the stockholders thereof against all costs al