The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-02-26


nual sum of two hundred and fifty ihous-
and dollars, and IN addition thereto, the
sum of eight thousand dollars annually ms
provided in said contract of December 30.
1870, for the purpose of keeping up the IT,
ganization of said Rutland railroad COM
papy and of paying the incidental expenses
thereof. Said sums TO be paid In equal
monthly iustallments and on the last day
of each month during the time said part,
of the second part shall hold and possess
said railroads under said contracts as mod
flied hereby. And it is hereby further I'M
derstood and agreed that If in any year said
twenty-five per cent. net of said thirty-six
and one-fourtb per cent. gross earnings of
said Vermont Central, Vermont and Can
ada, Rutland and Addison railroads shall
exceed said sum of two hundred and fifty
thousand dollars. the amount of ouch ex-
cess shall be paid to the party of the first
part by the party of the second part semi
annually and within thirty days from and
after the LIST days of January and July in
each wear. The party of the second part
also agrees to keep accurate accounts of
said gross earnings, and the books aud
vouchers pertaining to said accounts are 10
he open to tho inspection and examination
OF the president and treasurer Of said party
of the first part, or either of them. The
foregoing provisions of this article to be in
lieu of and to stand in place of the pro-
visions of said contract of December 30
1870, in relation to the rents PAYABLE Tor
the use of said Rutland and Addison rail
roads, but are not to affect the provisions
of article OF said contract of December
80, 1870.
Article 2. In addition to said rents pay
able for the use of the Rutland and Addl-
| son railroads as aforesaid, the rents for the
use of the Vermont Valley and Vermont
and Massachusetts (branch) railroads shall
be paid to the Rutland railroad company
by the party Of the second part in equal
monthly instalmeuts, and on the last day
of each month during the time said party
OF the second part shall remain in posses
SION of said roads or either of them under
SAID contract as hereby modified, and at the
several rates respectively provided In and
by said contract of December 30. 1870.
Provided. however, If 1t shall be decided
that the party Of the second part, does not
or cannot legally hold and possess said Yer
mont Valley railroad under the clam or
title derived from said party of the first
part, and said party of the second part or
their SUCCESSORS shall be compelled to pay
for the use Of said road and property here
with connected to the Vermont Valley
railroad company of 1871, their successors,
or to other PARTIES interested in said com
pany then and in such case, the party ot
the second part shall be eutiIled To retain
rom any Gums u'e UT W peco'ile uue 10
silu parry VI ,he nfs' par rs ieut ior saiu
Rutland ana ADDISON railroad-' such suns
as IL may DC computed u pay o an amount
not exceeding the atn 'unt pa'a tne sain
party OF me hrst pirt lor Uhe use OF si'a
vermont Na'iey rd'lroau' ana remaining
unaccouhteu Tor 10 me vermont Ndlley
raiiroad company OF lon'
hr.iI'o - a9 ,.nn.s unuei 'ne oiuer
da'ed January 80, ls,E ABOVE referred IT,
auu uiawn on ehe Cneshfe rai'r'au c''l-
pahy III FAVOR OF saiu party Oh the nrst part
suh'i oe i"r'u"'n resumed at Tue rae Oh
twenty Thousand uoi'ais per month as
tnereih prosiueu ' ana 'ne oruer "a'eu AZ
a'ofe'alu' anu also ABOVE reirtreu ~ anu
"th"n oh 'nc N'nueO',Ou' hi'ei la'i'"hu
c"iipahy /" iaNot VI ssi' pni'y -, 'ne ntSi
pAft, ~ hrtcpY ieiuoeu' anu snoii We ,"l
,he amount Oh tieNeh tpousanu auu I'VE
nunuie, uoI as per nh"n'u un'H tne ISL
uay Oh Decehloer' looo; anu thereafter inc
SUN Oh WE'VE Thousand uoiIaiS per month";
ana payaoi1 nonln'y us 'hereih PROVIDED
anu pay1en,s ,pr salu Ieo,iceu at,"nuts
shali oe I9i.hMisn Resumed "ue Stu pay
liieh's un1es 90. sa'u "'ue' snaii ue maui W
,lo pa'.s V, WV n,'' pa'. Ia ru.n .''''."o,
daily settlements between said receiver and
manager and said Cheshire and Connecticut
River railroad companies Said last named
companies however, upon such daily settle
ment retaining in their hands respectively
amounts sufficient to make the monthly
payments to said party Of the first as afore-
said. and said orders shall not be revoked,
but shall stand as containing security f, r
the payment of the rents herein stipulated
to be paid and shall be treated as material
part Of this agreement.
Article An other provisions, stipula-
tons, promises, covenants and conditions,
not herein expressly modified, which are