The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1872-05-25
which the said Barclay was to COM
II IL aAfsc{na


tory arrangem ents with some con-
Meeting railroad company, to equip |
and operate the line when complet.
ed. In consideration the Directors
of C. R. Il FIT Wayne r. r. Co.
were to collect all subscriptions
made and unpaid, that were ayaila-
BILE. and expend tie same on the
road, under said Barclays direc-
tior; were to issue to certain truss
tees named, for the benefit Of said
Barclay, 81, SOC. 900 Of I per cent
gold bonds, and 81, 200,O 900 of the
capital stock Of the company
On the 1st day of june 1871 the
President ind Directors of the c.
R. IL Fl, Wayne r. r. Co., leased
eaid road with all its applrtenan-
ces, rights, privileges and franchi-
ses to the Grand RAPIDS d Indiana
Railroad Co, for the term of nlne-
ty-nine years, and for the purpose
Of operating said c. R. Il F. Wayne
r. r j., there were Joined in said
lease, the Cincinnati, Hamilton &
Dayton Railroad Go > and the
Pennsylvania Company. And the
said Grand Rapids & Indiana Rail-
road Company, the Cincinnati.
Hamilton & Dayton Railroad and
the Pennsylvania Company have
jointly Endorsed the 1880, 900
bonds, issued by the @. r d Fort
Wayne r r Co., in favor of r D
Barclay, and agreed with the G R &
Fort Wayne r r Go. and with
each other, that they will provide
tho interest for said bonds, and i'll
provide rolling stock and equip
ment for said e r & Fort Wayne
Railroad, and operate said read to
the best advantage, Tor the full
term of the lease
BY virtue Of the above recited
agreements the c r & Fort Wayne
Road has been so far completed
and equipped, as to be in running
order, and is now operated by, the
| parties to the lease as part CT q
through line Of rail road, between
Cincinnati, and Paris in Michigan,
and the same parties have paid the
interest On the bonds to date.
There are stockholders who de-
ny the right aud the authority of
the officers orc r & Fort Wayne
Railroad Co., to make such cons
tracts as above recited, and assert
the whole series Of transactions to
be fraudulent. and illegal. and have
already Instituted a sui at law to
test this point, which suit is now
| pending.
The essence Of the proposed
contract referred to your commit
tee is this that the Grand Rapids
& Indiana Railroad Company, as
the lessees OF the c r & Fort Wayne
Railroad obligates themselves to
construct machine shops in this
city to cover not less than 2l,00O
square feet of ground, and to put
into these buildings all the ma
chinery necessary to do the s,ipu-
lated work, and at least one-third
of these improvements must be
made in 1879, one-third in 1878
and the whole completed not later
than 1874 And said Company as
/ lessee obligates themselves to keep
up these shops and contained ma
chinery in efficient working order
! during the continuance of the lease
to employ and operate as many
workmen as may be required to d.
the work; AMI to build and con-
struct all the equipment, including
locomotives, passenger coaches
baggage and freight cars and tn
; like that may be constructed 70
~, the G r & F w Rail Road by tn
lessee; to rebuild, recon struct ant
repair all locomotives, passengc
coaches, baggage and freight Car
and other equipment that may b
furnished for the use of said roa,
from what ever source. and to d
at these shops all other work 70
the line Of the e r Il + w Rail
road that is usually done for othe
roads of like character in thei
own shops. =
These obligations are assume
by the lessee in fnlflment Of til
stipulation herein before. reci.e
made by the city Of Richmon
, when she subscribed. certai
800 900 to the capital stock OF til
c r q F w R R Company tina. til
main shops Of said Comran
E should be Gated in this Cit,
But heretofore there has bee
nothing more definite in relatio
to these shops than that the mai
shops should he built here, b,
t under the lease to the G Re- I
r Co, it is possible that the maj
shops needed would be yer
email affair, the shops of the othe
: parties than the Cincinnati, Ric.
mond d Fit Wayne r r Co, to IL
Q lease, being, perhaps, able to {
q all the work more economical
= By this contract, however, il
provided that all. work for IL
!, road shall be done here, and Il
= preparations for 1t shall be beg,
at once aud completed as carly
/. practicable.
h y The lessee for tina. she secur
! Ito the city of Richtnend 81 I'll
-: the city stipulated tor will. tie
R & + w Company, asks that q
city viii signliy her comfy iii
F good will, aud satisfaction with Il
arrt nge'rent by voting her stoc
. wh,n called on so to do, in appro
. al and confirmation of the contra
- for finishing the iold, made
b r D barclay, Tor the contract
lease made with the G. II & l K