The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1870-12-09
tioTlcE TO rsG PUBLIC.
EXECUTIVE DEPARTMENT.
ATLANTA, Ga. October 26th, 1870.
II H1om Il lfoy Concern !:

II U'hom d hay Conceu:
BY an act Of tie General Assembly of the State Of
Georgia approved October n, lS7O, authority Is
given 10 the Governor lease the Western and At
lantic Railroad The property Of the State together
with All Of lis houses, workshops. depots, rolling
stock and appurenmces of every character, for the
term Of twenty years opon certain terms, and subject
to certain restrictions therein named tOwlt:
The monthly rental shall not be less than twenty
FIVE thousand dollars 525.0UJ) payable monthly
The esspts shall give a bond for the sum Of eight
millions OF dollars (S500000O) to securing the
prompt payment Of the amount OF rental agreed npon
and for the return Of the road and its appntenanees
the expiration Of the lease, or on the termination
or forfeiture thereof, in gOpd condition at the
time of leasing five millions Is 600 000) Of which
curity shall be within this State and the balance, if
of the State, shall be upon real state on railroad
property. The essees to be worth over and above
their Indebtedness ut least five hundred thousand
dollars (S500 .G0O.)
The Legislature reserves to itself the right, from
time to time, examine into the affairs ofthe essees,
and To require that he amount Of security above re.
cited shall be main aimed and nimpaired.
The lesseee shall not be less than seven in mum
Der. q majority OF whom shall have been for five
years Joaa fdt residents Of this State and shalt rep
resent a a0rly Of the whole interest in the lease.
No railroad or express company, or any combination
Of hen shall IN any event, become the essees, but
hey NAY become sureties Onhe bonds OF the lessees.
The lessres shall net charge higher rate for local
r4gl,s over said road Iban the average rate charged
bv the Georgia Railroad and Banki1a Company til,
Central Railroad and Banking Company, and the
Macon and Western Railroad Company for like local
Heights over SAID roads, and the said +ssees shall
have the same rights, exemptions, privileges itnmu
mites and guarantees except the establishment OF
hanks and shall be subject to the same liabilities
disabilities ana pubic burdens of said railroad COM
p.snies last mentioned The faith Of the State is
ledpe,; to redeem all mortgage bond, and. coupons
now resting on the State Road az they tall due and
saw, he essees harmless against all such bonds and
commons
The iessees are by This act constituted body cor
pnfatc and roitic for the term Of twentv wears IN
er th, name and stvIe Of the Western and Atlantic
Railroad omuaHq. having such powers liabilities
.,t. i.oflrnities as ala lsJal ui,h railroad comln-
MES ma RE. In conflict with The Constitution
.l4 Tr,e, .t.r tinted States or of the State of
;4earqa. aa, Ike, ly3. aot rs allowed d make Of
uaenit asv discrimination ia favor Of OF against amy
at-4t fae., 81. persons having business rounec ions
{gi-i, ff.,,.sa5lj Western apd Atlantic Railroad
Fo, iG,. pnfpooe ar carving out til. aat nrouo-
ls Will =. received and .1g5..s ap 4Irh tIilv
If Der.ma,, next and n,a. a- addressed 10 ne
Governor Of The. stat uf Georgia at Atlanta aud
marked on the wrapper "Pr,posalS for the ease of
the Western ana Atlantic Railroad III accordance
,,.tL a., A.t .,,g,v,d f,.rnbrr u l@Jt TIN. pr,-