The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-04-26
THE SOUTHERN RAILROAD.
Leased to the New Common Car
rier Comp any,
BY the Unanimous Vote of the Trustees
This Morning.

1t will be remembered that last week
both the old and the new Common Carrier
Companies sent in propositions to the
Southern Railroad Trustee, offering to lease
the road on certain conditions which were
published at the time. The Trustees, after
considering the proposition of each, re-
turned them with several amendments and
alterations The old company Immediate
ly agreed to these amendments, and in ad-
dition offered to operate the road at seven
per cent. instead of eight.
The new Company appointed a Commit
tee of nine, with power to offer such a
proposition to the Trustees as in their
Judgment they should deem most adyisa-
BILE. This Committee this morning handed
in to the Trustees their proposition, which
was in every particular the same as the
proposition from the old Carrier
Company, all the amendments having been
accepted, and per cent substituted in the
place of s. At 9 o'clock the Trustees met,
and after considering the two propositions
in executive session unanimously agreed to
lease the road to the new Company
The following is the proposition from the
Committee, which was accepted:
CINCINNATI, April 26, 1879.
ITO the Trustees of the Cincinnati Southern Rail
road
'rhe undersigned, in behalf of themselves
and associates, hereby propose to take a
license to operate the Cincinnati Southern
Railroad upon the terms contained in the
memorandum of agreement. They further
Propose, upon the award of such license
in their favor, to become incorporated un-
der, or to acquire an organization incor-
porated under the act of the General AS
| Of bo Ctnt nf Ill
| IL, 1877, entitled an act authorizing the Or
ganization of Common Carrier Companies.
| Signed-E. w. Woodward, w. ]. Lippin-
colt, Jacob Wirth, B. s. Cunningham,
Oliver Perrin, A. H. Hinkle, Briggs Swift,
Joseph Rawson, P. E. Roach"
The Trustees, after taking action, sent
the following communication to the Com,
mittee:
"The Trustees have, upon Messrs. E. W.
Woodward and associates having incorpo-
rated under and acquiring an organization
in compliance with the act of the General
Assembly of the State of Ohio, passed
| April 18th, 1877, entitled AN act authoriz-
ing the organization of Common Carrier
Companies the Trustees will direct their
President to sign in triplicate the foregoing
agreement on their behalf as Board, with
the Company SO incorporated.
The following answer was soon after re-
ceived in answer TO the above:
april &c, 1879.
ITO the Board of Trustees Of the Cincinnati South
ern Railway:
| "GENTLEMEN-Having been advised oil
your action conditionally awarding us a
determinable license for operating the Gin
cinnati Southern Railway under the pro-
visions and conditions of tie form of memo
randum of agreement this day submitted
with our proposition to your Board, we beg
respectfully to state that it is our unani-
nous desire that Mr.. w. Ii. Clement be
elected as General Manager as required by
said form of agreement and that he will be
appointed to said position, subject to your
approval, as soon as the organization of our
Company is perfected.
VERY respectfully,
"E. W. WooDwARD,'
and others.