The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-06-29
PENNSYLVANIA CENTRAL.
Enh Text of the Proposed Lease Between
the PennsylvaniaC Company and the New
Jersey RaiIroad.

CanaI Company, the Camden and Amboy Railroad
eey Railroad and Transportation Company, com.
monty called the United Canal and Railroad Com.
panes of New Jersey, corporations OF the State OF
New Jersey aforesaid, and the Philadelphia and
trenton Railroad Company a corporation of the
ol sNg S o. IT, the first part
their successors and assigns and the Pennsylva.
M ma nRslroad Company, corporation of the State
OF fennsylVanla, party OF the second part (herein
after called the lessee), for ITSELF its successors
WheredS The said lessons own canal and rail-
roads and other property, real and personal that
is to say, the Delaware and Raritan Canal Com
pany own canal, with its fee der and other appur
tenances, which, crossing the state of New Jersey
connects the Delaware and Raritan rivers; the
Camden and Amboy Railroad and Transportation
Company own a railroad from the river Delaware
at Camden, to the Raritan bay, at South Amboy in
Inc sro th sa, al Sw Sb anu ~ aSo ,S @
York; and the Delaware and Raritan Canal Com
pany and the Camden and Amboy Railroad and
road from the city of New Brunswick, in the said
State of New Jersey, to the river Delaware, at the
various branches the New Jersey Railroad and
Transportation Company own railroad from the
Hudson river, at Jersey City, to and through New
Brunswick, in the said State Of New Jersey; and
the Philadelphia and Trenton Railroad Company
own railroad from and within the city of Phila-
delphia, in the said State of Pennsylvania, to the
Delaware river, opposite to the said city of Tren
ence to the surveys of said works hereto annexed.
together with rolling and floating stock for the
operation of said railroads and canal; and
and estates and interests in other railroad compa.
nes, in horse or passenger railway companies, in
railroad and other bridges, in ferry companies and
ferries, in turnpike companies and turnpikes. in
plank road companies and plank road as lessees,
stockholders, creditors and otherwise, and also
cash and bills receivable, and other property real
and personal, in the said cities heretofore named
and elsewhere Ga schedule OF which approximately
correct, bearing even date herewith has been exc
cuted, and is hereto annexed): and
Whereos, The said lessons are subject to certain
debts contracts, Obligations and guarantees,
lschedules whereof approximately correct, bear.
ing even date herewith, have been executed and
are hereto annexed), and are also parties litigant
IN certain suits now depending, both at law and in
equity; and
Companies that agreement be entered into
with the Pennsylvania Railroad Company afore-
said with which company they are identified in
interest and whose works form with their own
continuous or connected lines) for the connection
or consolidation of business; and
Whereas, The works belonging to all the patties
hereto can thereby be extended, improved and
advantageously to the public under one manage.
ment;
the works, ana all the property real and personal
of the said lessons respectively, and to stand in
their place and stead with reference to all the said
at law and in equity
NoD this Indenture WitneSSeth, That the said
lessons, for and in consideration Of the premises,
and of the rents reserved, and the covenants and
agreements on the part and behalf of the said les
mentioned have granted demised and to farm.let
and by these presents do grant, demise and to
farm-let unto the said lessee all and singular their
canals, bridges, railroads. with their appurte.
nances and the floating stock, rolling stock. chat
tells and other property, real and personal of what
soever kind and wheresoever situate, and all the
franchises rights and privileges OF the said lessons
thereto respectively belonging, or in any wise ap-
pertaining; provided always, nevertheless, and it
is hereby expressly understood and agreed, that
nothing herein contained shall be deemed or taken
in any manner TO affect the right of corporate ex.
istence of each of the lessor parties hereto such
powers and franchises OF which the exercise may
from time to time be necessary to protect the in
to the true intent and meaning of these presents:
have I'VE and to Sd tb the 2 end n0 a0d ae ad %
nine hundred and ninety-nine years, yielding and
paying therefor unto the said lessons yearly, ana
sum OF one million nine hundred and fortyeight
thousand five hundred dollars, lawful money of the
United States (the said rent being equal TO ten dol
lars per share per annum upon the present aggre-
cote outstanding capital stock of the said COM
thousand eight hundred and fifty shares, which
said aggregate number OF shares does not include
seven thousand six hundred and fifty shares OF the
Philadelphia and Trenton Railroad Company
owned by the Delaware and Raritan Canal Com,
pany and the Camden and Amboy Railroad and
Transportation Company, in equal quarter.
yearly payments, on the first day of the months of
July, October, January and April, in each and
every year during the said term the first and
second quarterly payments thereof to be made
together on the first day of July, A. d. 1871, free
and clear OF and from all taxes charges and assess
ments whatsoever, now existing or hereafter TO be
imposed by lawful authority upon the said corpora
tions lessons, their respective franchises and pro-
perty, including all income tax of the United
States, which said rent, when converted into div-
dends by the corporations lessons upon all the
shares Of their respective companies excepting
and excluding, nevertheless, the said seven thou
sand six hundred and fifty shares of the Phila-
delphia and Trenton Railroad Company owned by
the Delaware and Raritan Canal Company and the
Camden and Amboy Railroad and Transportation
Company as aioresaid) shall be paid at some con.
Yenent place in the said city of Philadelphia, to
be designated from time to time by the lessee. and
to such depostary OF the lessons in the city OF
New York as may from time TO time be designated
by them or any OF Them, and also yielding and
paying The additloLal rent hereinafter coyenanted
tons hereinafter particularly set forth in the
eighth article of these presents.
And the said lessee doth hereby covenant and
agree to and with the said lessons, and each OF
First The said lessee shall and will, yearly, and
in every year, during the said term, well and truly
pay or to be paid unto the said lessons, the
said yearly rental above reserved on the days and
in the manner limited and prescribed as aforesaid,
free and Gear OF and from all taxes, charges inn
positions and assessments as is hereinbefore pro-
Vded and the said rent shall be so paid during
the whole of the said term Notwithstanding any
future action of any of the corporations, parties
hereto, or OF any majority OF the respective stock
holders thereof as TO and concerning any other
matter herein contained; and in order to secure
the individual interest OF each stockhOdeT of the
lessons in and to the said rent the right is hereby
given to each and every stockhoder TO prosecute
such suits may be necessary in the premises to
recover his propOrIionate part thereof, using, il
needful, the name of the corporation in which he
is stOckhOder. and this provision may, If desired
be ndorsed upOn the certificates OF stock issued by
the corporations lessons.
Second The said lessee shall and will pay, satisfy
and discharge all assessments, taxes, charges
transit duties and impostiOns whatsoever, that
shall or may be lawfully assessed, laid or imposed
on the said lessons, or either OF them by power
or authority whatsoever during ths said term, or
on the franchises property, alnngS, tratfc and
business of the said demised premises, or arising
in any way therefrom, or to which the said lessons
or either of them, would have been subject II th
lease had not been made, and they had respectively
remained in possession of the demised premises
ud