Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-04-23

apurouris'e duties for the lesees on that
roa1 rot inconsistent with their duties to
the lessons.
And it is further understood and agreed
that the capital stock of the company OF
the lessons shall not be increased, exceptas
herein provided, and if after all the exist
ing debts shall have been paid and con-
ye;ted int stock as aforesaid, the Let
earnings of the Nashville and Decatur
Railroad shall exceed six o. per GENT div
idepd on ths capital stock then existing,
the raid let earnings shall be diVlded
among all the stockholders alike.
7 It is further agreed that the lessees
shall encourage the local business OF SAID
Nashville and Decatur road, and so ADJUST
its local tariff and the working and busl-
ness of the road, as to develop IN the most
thorough manner the local business; and
said Iessees shall not charge greater rates
on,local freights than are being charged on
the Louisville and Nashville Railroad for
similar distances, and to make their rates
on through freig6ts to and from Nashville
to all points South, conform to the rates OF
other transportation lines for same classes
of freight. But the rate OF freight from
Nashville, South, to Montgomery and IN
termediate points, shall always be less than
from Louisville to same points; that there
shall be no preference given In the prompt
movement of freights from any STATEN In
favor of any other station, under the con-
troll of the Louisville aud Nashville Rail-
road COMPANY nor of through frelghts
over local freights, and that the rates on
through freights, from local stations to
noints beyond Decatur and Nashville, shall
be adjusted on the same principle as the
rate from local stations on the Louisville
and Nashville road to points beyond Nash
Vile and Louisville are adj sted, and IN
| accordance with the same principle usual
Iv adopted OIL Tennessee roads. And no
Connection between the Louisville and
Nashville and the Nashville and Decatur
Railroads shall be made beyond the cor
norste limits of the city of Nashville, pro-
| Vided no legal obstacle iutervenes to pre-
| vent the connection within the corporate
limits.
g The Iessees have the privilege OF con
| structing or aiding in the construction OF
| anv branch roads or tn npikes as feeders
| 70 The Nashville and Decatur road, and tC
| construct or aid in the construction o
| hridoes. and if any such roads or bridges
are constructed the lessons agree to re-
ceive the same at the expiration OF the
lease, together with other permanent i'm
movements at valuation at that time.
9. Should the parties dissgree, In thei
construction Of any Of the stipulation
herein contained, they may settle 1t b
each party selecting competent and dis
interested man, and the two thus selected
may name an umpire if they cannot agree
10. 1t is further contracted, that SHOULD
the Iessees fail or refuse in good faith =
pay the interest or the sinking fund on tn
debts of the lessons as they mature,
to paw the debts as they mature, or :
operate the road in good faith, and sue
failure or refusal continuing for sixty (6O
DAYS, the lessons may have the lease dc
clared forfeited by any court OF comPe
tent Jurisdiction or have such damage
! assessed Is they may have sustained o