The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-10-03
DALLAS AND WICHITA.
The Road to BE- Built TO Benton and
Equipped BY the 18th OF Dee.
ember Next.
Carry the News to Paddock Work 10
Commence Forthwith and Vigorously
Prosecuted to a Terminus Two
Hundred Miles Northwest.
wardly

wardly
The building ofthc Dallas n WIGHT,
Is now conceded to be only question
OF the transportation OF the iron ant
rolling stock. The contract between
the company aud Messrs. Moore 4
Henderson, both pleasant and scholar
~ gentlemen, was fully signed aud NC
knowledged upon yesterday. The
building Of this road is OF such import
ance to Dallas that the President OF
the road has been kind enough to per.
NIT The HERALD's reporter to look
over the contract in order that our
numerous readers might be fully ad-
vised OF It's purport.
The contract stripped Of Its law
verbiage Is In substance as follows:
Arson b. Moore and Malcolm Hend.
erson agree to locate, construct, COM
plete, equip, maintain and operate the
Dallas 4 Wichita railroad from the
city OF Dallas TO the northwestern
terminus of said road. likewise all
branches, side-tracks, telegraph lines,
station houses, depots, shops and
buildings In Il substantial and work.
manllke manner and to the entire sat
lsfaction and acceptance Of the chief
engineer OF the road. The work is to
commence forthwith and be prescott
ed to the completion of the different
portions Of the work within the follow
ing specified times, to-wit:
First--The first ten miles OF said
road to be graded and ironcd on or be-
fore the first day OF December, 1876.
SecOnd-The iron to he laii to the
Dallas and Denton county line (seVen.
teen miles more or less) on or before
the 10th OF December. 1876.
Third-Twenty miles OF said road to
be graded, ironed and in running order
on or before the first day Of February
next ensuing.
Fourth-The next succeeding twenty
miles, either the main line or branches,
to be completed on or before the first
day OF April, 1877.
Fitth-The balance of the line North
westwardly and branches, and lines OF
telegraph, to be completed within the
time provided by law and specified in
the charter OF the Dallas and Wichita
Railroad Company.
Messra. Moore Il Henderson also
agree to equip the road and its
branches rs soon ~ completed with
such rolling stock, machinery, ma.
chine shops, depots, etc, as shall be
needed.
In consideration OF this work done
and material furnished, the railway
company deliver to Messrs. Moore d
Henderson preferred stock at the rate
Of Sill 900 per mile constructed and put
in running order, anu $4,000 per mile
In ordinary stock for every mile Of
main line or branches built. These
certif Gates of stock, amounting IN the
aggregate to $500 shares or $500, 600,
are to be issued to said Moore II Hen
derson forthwith, and placed In the
hands of w. II. Castor, Of Dallas, or
Thomas Allen, Of the city Of st. Louis,
as trustees, to he held in trust by them
for the use of the parties interested,
and delivered as the road Is completed
in sections Of ten and twenty miles.
The company also issue to Messrs.
Moore 4 Henderson Its first mort.
gage coupon bonds on the first fifty
miles OF the road at the rate OF ten
thousand dollars per mile, payable
twenty years after date, interest seven
per cent. These bonds, rs soon as Is
sued, are to be placed in the hands Of
either OF the trustees heretofore
named, to be delivered az subdivisions
| Of ten miles OF said road are completed.
The company also place in the hp nds
Of the trustee fifty thousand dollars In
bonds Of the city Of Dallas for the
use Of Messrs. Moore Il Henderson.
All subscriptions In aid Of the con-
struction OF said road, whether In
cash, lands, notes, or other things of
value, as we'll as deeds or contracts
for depot grounds, right of way, etc,
also all subsidies from the State OF
Texas, 20 to Messrs. Moore Il Hender-
son.
1t Is also agreed that the contractors,
Messrs. NJ. & H., shall have the right
of locating the road, always comply
Ing, however, with the provisions Of
the charter.
1t is further agreed that the gauge
OF said road may be four feet and eight
and one-half inches, or three feet a
provided In the charter and amend
ments, provided the broad gauge mus
be continued to the town Of Denton
Denton county.
The contractors are to have the ap
pointment Of all employees, officer
etc., and have entire control over tn
running and management of sal,
road.
The contract between the compan
and Messrs. Moore h Henderson
made subject to the following specific
indebtedness or claims against In