The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1870-11-11
NOTICE 70 TIE PUBLIC.
EXECUTIVE DEPARTMENT,
ATLANTA, Co., October 10Th, 1870
To U1on il Nay Concern:

To Whom il My Concern:
BY an act Of the General Assembly of the State of
Georgia. approved October "a, 1870 authority is
given to the Governor lease the Western and AT
lauic Railroad the property Of the State, together
with all Of it's houses. workshops depots, rolling
STOCK an appHr cnancrs of every character, for the
term of twenty years upon certain t~Ilns and subject
/ 10 &c tain restrictions therein named, tD-wlt:
The mon lliy entail shall not be less than twenty
FIVE thou, and dollars S23,0tO) payable monthly
! The SIS shall give bond for the sum Of eight
millions Of dollars (Ss UUO 900 to securing the
piOnut payment If the amount Of rental agreed upon
and for the return the road and its appnrrnance4
at the expiration ii the raA, or on the termination
or forft.tu ih rsof in go ID condition at the
time Of lea sing five millions g 900 900 of which
ciIriry shall be within this State and the balance, il
out of the S ate shall be upon real tate or rail oad
property The essers he worth and above
! their indebtedness al lea1 five hundred thousand
dollars 50 TOO
The Legislature reserves to itself the right, from
time 10 time, examine into the affairs ftle essees,
aud to require that The amount Of security above re.
cited shall be maintained and unimpaired.
| The essres shall not be less than seven in num-
! her a majority Of whom shall have buen for five
wears bona tide residents of This State and shall rep
resent a naiority of the whole interest in the lease.
No railroad express company, or any combination
Of theni shall in any event. become the lessees, but
they may become sretles on the Jds OF the iessees
|
fliglts said ruad than tie average rate charged
b. the Georgia Railroad and Banking Company, thu
Central Rar adj and Banking Company, and the
Macon and Western Railroad Company, for like local
freigls sad road, and the said tssres SHAH
have the SANE rights exemptions, privileges inmu
mites and guarAute,s except the establishment OF
banks and shall be- subject to the liabilities,
disabilities and public burdens Of said railroad com
patiiiS last mentioned The faith Of the State is
pledged to redeem all mortgage bonds and, coupons
now resting the State Road they fall due, and
save the essees harmless against all such bonds and
coupons.
Tie essees are bv This constituted body cor
poratr and polite for the term of twenty years, I'M
der The name and style of the Western and Atlantic
Railroad Company. having such powers. lab lilies
and nlnunitics, as usual with railroad compa'
mics. and not in conflict with the Constitution
and Laws of he United States. or of the State Of
Georgia bur they will not be allowed to make or
permit any discrimination in favor of OF against any
other road or persons having business connections
with the said Western and Atlantic Railroad
For the purpos" of carrying out this act, propos-
as will be received until and including the 18th day
of December next and must be addressed ITO the
Governor of lhr State Of Georgia at Atlanta" and
marked on the wrapper. "Propusals for the lease oi
the Western and Atlantic Railroad, III accordance
with an Act approved October "A 1870 The pro-
posals must = ate in fall the names and residence of
the parties uniting to make proposition, the amount
that each of them therein named are 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 properly to be leased a single track railroad.
one hundred aud thirty eight miles in neIh. with
MN anu cornP1rr- rqrri'mTfI Of shops drpots' turn-
outs sidrngs 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
On Chattanooga and New Orleans, East Tennessee
and Georgia. and the Chattanooga and Cincinnati,
(now in progress of constructon,) railroads, and at
Atlanta with the Atlanta and Montgomery, Atlanta
and Charleston, Atlanta an Savannah, and the At
lanta and Gulf lines of road being the only railroad
connection between the system Of railways crnterng
ut Chattanooga aud at Atlanta.
Comics of An Act to authorize the lease of the
Western and Atlantic abroad, and for other pur
poses therein mentioned, approved October oath,
1870 can be had upon application at the Executive
office.
RUFUS B. BULLOCK.
BY the Governor
ROBERT H. ATKINSON,
Expcntive Secretary
Papers in the State viii not copy the above no
tce except by direct order from the Executive De-
partment.
NOV II tiIllec25th.