The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1870-12-02
notice 20 TIE PuBLlc.
EXECUTIVE DEPARTMENT,
ATLANTA, Ga, October 26lh, 1870.
TO JThOm it May Concera .a

To- Whom il Nay Concern HH sEs4
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
antic Railroad the property of the State, together
with all Of its houses, workshops. depots, rolling
stock and appurtenances OF every character for the
term of twenty years upon interins aud subject
TO certain restrictions therein named, to-wit
The monthly rental shall not be less than twenty
Ave thoIsa nd dollars sS25,DUU) payabe monthly
The lessees shall give bond for the sum OF eIghf
millions Of dollars l$3 900 000) to securing the
prompt pa ymentuf the amount OF rental agreed upon
and for the return the road and its appurtenances
at the expiration Of the lease, the termination
Or forfeiture thereof in good condition rs at the
e fleasing five millions Is 000 000) Of which Sc
curity shall be within this State and the balance IT
out of the State shall be upon real etate or ai 0ad
propery The lessees to be worth over and above
their indebtedness, at least five hundred thousand
dollars $500 000)
TheLeeislat0re reserves 10 ieslf tlmgriglli@ from
time to time to examine into tile aFafsoftie lessees
and to require that The amount of security above re-
cited shall be.inalltailed and lHnapaired
The Iessees shall not be less than seven IN num-
her a majority Of whom shall have been for five
wears bona fde residents OF tlssstate and shall rep
resent majority Of the whole interest in tile lease
No railroad or express company, or any combination
Of them shall, in any event become the iesseeSs 9eat
they may bpcoueSuEeties the ponds OF the lessees
The lessees shall not charge higher rate for local
ff4ahts over said f6;}d than tile avefagerae charged
by the Georgia Railroad and Banking Company, the
Central Railroad and Banking Company, and the
Macon and Western Railroad Company for like local
reghts over said roads, and the said lessees shall
have the same rights, exemptions, privileges, immn
mites and guarantees, except the establishment OF
banks and shall be subject to the same liabilities
disahiiitirs and public burdens ofsad railroad com
iIlitss last mentioned The faith of9the State is
pledged to redeem all mortgage bonds and. coupons
+I,,,G toFo Il - tal1
save the essees harmless against llsnct bonds amt
coupons.
The lessees are by this act constituted body cor
porate and polite for the term of twenty years, UNI
der the rIane and style of the Western and Atlantic
Railroad Company, having such powers. ilao.lltles
and immunities, as are 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
hermit any discrimination in favor Of or against any
olei; reader persons having business connections
with the said Western and Atlantic Railroads
For the purpose of carrying out this act, propos-
ais will be received until and including the 23th day
of December next and must be addressed ITO the
Governor of the State of Georgia, at Atlanta" and
marked on the wrapper, Proposals for the lease OF
the Western and Atlantic Railroad, III accordance
with an Act approved October "a. 1870" The pro-
posals must state in full herames and residence Of
the parties uniting to make proposition, the amount
that each of them therein named areworth 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 r.t..
The property to be leased is single track railroad
one hundred and thiryei9ht miles in length, with
full and complete equipment Of shops depos, tnrn-
outs sidelings, engines, cars etc ETC., etc. now III
successful operation between the cities Of Atlanta in
Georgia and Chattanooga in tennessee AT Chatta-
nooqa 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
(now in progress ofconstruction) railroads, and at
Atlanta with the Atlanta and Montgomery, Atlanta
and Charleston Atlanta an Savannah and the At
anta and Gulf fines of road being the only railroad
connection between the system Of railways cpnteriug
ut Chattanooga and at Atlanta.
Copies of An Act to authorize thu lease OF the
Western and Atlantic Railroad, and forothrr pur
poses therein mentioned, approved October 9th
1870, can be had upon application at the Executive
office.
. RUFUS B. BULLOCK
BY the Governor:
RoBEET II. ATKINSON.
Executive Secretary.
Papers in the State wilEuot copy the above mo-
tce except by direct order from the Executive De-
partment.
tii1Hac0Sth