The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1872-05-25

luuOISo anu approve tue ACES OF nor
the officers of the G r & f
w Co.. but it would in no wise
interfere with the determination OF
the suit instituted by other stock
holders to test the legality of these
contracts. This suit can GO on
just the same; if these contracts
are annulled the city will stand in
line vita all other stockholders
whether that be desirable posi-
ton or not; if these contracts are
confirmed, the city will have maze
peace and sunshine with the lessee
and the longed for shops possibly
be already in operation. This Pc
culiar situation Of the city at this
moment is not one of her own seek
ing, and is not one that she ought
to take steps to attain. but the
course of events having placed her
at such point there is no just
reason why such of her citizens as
feel that the contracts alluded to
herein should be set aside need
hesitase to join other citizens of
different opinion in the present
movement 10 secure the railroad
shops, as in no event does it app
pear that the interests Of the city
in this behalf will be brought into
jeopardy. And it may reasonably
be inferred that if the present cp-
portunity for the immediate erec>
ton Of such railroad shops as our
citizens have long wanted and
commended for, be allowed to pass
unimproved, such shops will never
be built here though possibly tlre-
some and expensive litigation may
ultim ately compel the erection Of
shops OF minor capacity.
Ii view of the fact. therefore,
that the present seems to be mo-
ment when The city Of Richmond
can enter into contract for the
construction, maintenance and
operation Of the best railroad shops
she can hope to get at at any time,
under her subscription to the capi-
tai stock Of the G r s. F w r r Co,
on terms neither burtlensome7 nor
Injurious 10 herself nor to others.
your committee recommend the
passage of the following resolutions
and that action under it be taken
immediately.
Resolred, By the Common Council
of the city Of Richmond. That the
Railroad Committee of-tha Com,
mon Council be and are hereby
empowered and directed TO employ
a conveyancer or attorney to draw
up contract as hereinafter set
forth and that whenever the
Cincinnati, Richmond & Fl Wayne
Railroad Company, r d Barclay,
the Grand Rapids s Indiana Rails
road Company; or either one or
more of them, or others in interest
as owners, lesses or managers of
laid Cincinnati, Richmond & Fl
Wayne Railroad shall make, exc
cute and deliver to said city of
Richmond legal, valid and bind
ing contract drawn up in due form
of law, with all necessary cove
nants, stipulations and agreements,
guarantees and assurances and by
contracting parties which shall
guarantee and make certain and
secure the building, erecting and
permanently maintaining and oper'
ating in said city of Richmond tho
principal machine shops of said
Cincinnati, Richmond Fl Wayne
Railroad Company, in which shops
all the work of construction, repair
and rebuilding Of locomotives
rolling stock, machinery, equip.
ments, implements, materisl ant
tools shall be done, made and per
formed, to the full extent, and q!
far as is usual and customary il
principal chops on Independent
roads. it being the intent and mean
ing herein and hereby that sait
shops snail, as machine shop
proper, exclusive Of other stiuc
. lures, cover not less than 21,00l
: square feet of ground, with. outfi
: and equipment of mechinary tina
all work which can, under tn
! above, considerations and qualifi
. cations, shall be done there, ant
! said shops to be commenced AM
completed as rapidly as practica-
! BILE. .sli7e7s Eir'i es
That then the city Of Richmon'
e hereby agrees 10 ratify said leas
' of said road, and vote her stock i
the interest Of said lessces, and wi
q execute said contract when SO mad
D and presented.
|, r, specially submitted,
) JAS. +. HIBsERp,
= JAMES ELDER,
= T.W. ROBERTS.