The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1871-08-24

THURSDAY, AUGUST "A, 1871.
OUR RAILROADS.
Meeting of the County Board Yes
terday.
The New Proposition Presented.
The Board of County Commissioners mel
vesterday afternoon, at one o clock, pursuant
10 adjournment. President Chaplin in the
chair.
The Chairman stated that the first business
before the Board was the selection of Trus-
tee 10 hold the stock of the county in the X.
p road, and on motion of Mr.. McWhir the
farmers Loan and Trust Company Of New
York was selected as such Trustee, and the
Clerk instructed 10 insert the name Of that
company in the contract.
M. Harmon moved that the County At
torney be authorized to vote the stock at any
meetings of the X. +. Company that might
occur before the transfer Of the stock to the
Kansas Central. Lost by a vote Of to 2.
The Truetee was then selected for that
bsrioe,~s. and the clerk instructed to so fill the
blank in the contract.
Resolutions were then adopted instructing
the Chairman of the Board TO sign the con-
trsct, and the Clerk to turn the stock over to
the Trustee above named.
The following il the contract:
This article Of agreement made this - day
Of Angus, 1871, by and between the Board
Of County Commissioners of Leavenworth
county, State of Kansas, party of the first
part, and the Kansas Central Railway Com
pany Of the second part:
WrTNHsETH-That whereas. the Board OF
County Commissioners OF Leavenworth
county, State of Kansas, has power and au-
thority, by virtue of the laws of the State of
Kanas, and proceedings taken in pursuance
thereof, to dispose Of the stock owned BY
laid county of Leavenworth in the Union
Pacific Railway Company, +. D., now known
- the Kansas Pacific Railway Company; and
WHBREAs, A proposition to dispose of
sid sock to the Kansas Central Railway
Company, party of the second part, in aocor-
dance with and upon terms proposed by said
second party, vas, by resolution of the Board
Of County Commissioners Of Leavenworth
county, on the l7th day of July, 1871, sub
mitted 10 vote of said electors Of said coun-
y, at . special election duly called, on the
l5sh day Of August, 1871 for that purpose,
and received majority Of the votes cast at
such election;
Ii is agreed by said parties hereto that the
stock Of said county in the Union Pacific
Railway. E. d., now the Kansas Pacific
Railway Company, Is, by virtue of, and in
accordance with, said vote, disposed of to the
Kansas Central Railway Company, whom the
terms and conditions hereinafter stated. The
Farmers Loan and Trust Company, Of New
York, is hereby selected by the parties to
this agreement, as trustee to hold said stock
a5oesnaid in trust for the parties hereto, and
nd trustee is not to deliver over or other
wise use and dispose Of said stock, or any
part thereof, to the Kansas Central Railroad
Company, or to any person, except upon the
terms and conditions hereinafter named; and
on failure of the second party to comply with
and perform the conditions herein stated said
tr,lstee u to return said stock to the county of
Leavenworth whenever requested thereafter
BY the Board of County Commissioners of
said county. Said trustee is to vote said
stock under the direction OF the Board of
County Commissioners OF said county, for
and on behalf of said county of Leavenworth,
1t any meeting of the Kansas Pacific Railway
Company, held for any purpose, before the
delivery and transfer Of said stock to the
Kansas Central Railway Company.
In consideration whereof, said second par
~ doth hereby bind and obligate itself to
build, construct, complete, equip and oper-
ate new and independent railroad, with a
gauge of three feet, (which shall be in all re-
spects, in the equipment and construction,
6rst-claas road from the city of Leaven-
worth, in the State of Kansas, to the city OF
Denver, in Colorado, or to some other point
in Colorado that may seem best, said road to
be located and rim through kickapoO and Eas-
ton townships, in the county Of Leavenworth,
and shall construct, maintain and operate
mid road to point at least fifty miles west
from said city of Leavenworth on the route
Aforesaid, within one year from the date of
this contract, and shall, for said considera-
ton continue the construction of said road
1t the nate of not less than one hundred miles
per annum thereafter, until constructed to
Denver CITY aforesaid, or to some point in
Colombo.
The marty of the second part further agrees
for the Aforesaid consideration, that Leaven-
worth CITY shall be, and forever remain, the |
eaatern terminus of said Kansas Central |
Railway, and it is further agreed to build,
construct and locate the machine shops, re- |
pair shops, depots, round houses, offices and
other buildings necessary and proper 10 be |
esablished, and to locate and maintain the
principal Office OF said Company at said city, |
which shall, for all time. he and remain, at
sid city OF Leavenworth.
The party OF the second part for the afore-
said cOnsideration also agrees to build and
operate . branch OF said road to Manhattan,
in the State Of Kansas. and to such other
points north and south of the main line or
trunk Of said road as to be and become part |
o. sid road that may be necessary TO give TO
the trade Of Northern and Western Kansas
direct and economical route to said city OF
Leevenworth. Said party OF the second part
further agrees to pay any and all charges and
expenses OF said Trustee on receiving SAID
sock q agreed herein:
II s further agreed BY said parties to this
agreement that the Trustee above mentioned
shall transfer and deliver and assign the
aock OF Leavenvorth County IN the Kansas
racine Railway company, tsaid STOCK being
hve thousand shares thereof and amounting
IN ne hoe to S2oO.OOO) to the Kansas Cen-
tral Railway Company, whenever said party
at the second part have built, constructed,
equipped and operated fifty miles of their
rad - aforesaid
Provided, however, that said county OF
Leavenvorth reserves to itself the right to
nnbstitute the sum Of Sl5O, 600, in place of
the Aforesaid stock at any time before