Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1886-06-19
The W. <. at. 2. 3.
Major cordon's New Proposition for the
Completion Of Our Narrow Gauge
to Princeton,

Major e. G. Gordon has been in the
city this woek and Wednesday alter
noon he called a meeting OF the bond
subscribers oil the L, A. ct. railroad and
submitted the proposition embodied in
the following contract. The signatures
appended are all that have 30 far been
secured:
This contract and agreement entered
into on this The fifteenth day OF June,
A. ID. 1886, by and between the West
Kentucky and Tennessee Railway Com
pany, party OF the first part. the Indi-
anna, Alabama and Texas Railroad
Company, party Of the second part, and
the certain local subscribers, each ACT
ing for himself or itself, to the first
mortgage bonds of the last named COM
pany, which subscriptions were made
under contract with said company,
bearing date OF March Is, 1888, party OF
the third part.
Whereas, It appears that tho Indiana,
Alabama e Texas Railroad Company is
unable 10 complete the remaining por-
ton OF its proposed line OF road be-
tween the end Of its present road-bed
near Cerulean Springs and Princeton,
Kentucky, and is albo unable TO COM
plete that portion of the road now grad
cd between Newstead and the point
above referred to, near Cerulean Springs,
Kentucky; and
Whereas, The West Kentucky and
Tennessee Railway Company proposes
to build its railway from the end OF the
present road-bed OF the Indiana, Ala
bama and Texas Railway Company,
near Cerulean Springs, Kentucky, and
propose 10 furnish The necessary means
10 the Indiana, Alabama and Texas
Railroad TO complete Its road between
Newstead and the point near Cerulean
Springs above described, and
Whereas, The West Kentucky and
Tennessee Railway, Company proposes
to lease and operate for term OF years
the Indiana, Alamama and Texas Rail-
road, from Clarksville TO the point OF
connection near Cerulean Springs, Ken
lucky, in connection with it, own road
under contract to be mutually inferred
into between these corporations. Nov,
therefore, IL 10 agreed by and between
all the parties 10 this contract as follows:
l. That the Indiana, Alabama and
Texas Railroad Company does hereby
release each and every local subscriber
TO it's first mortgage bonds whose sig
natures are or may be appended 10 Gals
contract from any further payments to
be made TO said company on account oil
said subscriptions to its first mortgage
bonds, and the said Indiana, Alabama
and Texas Railroad Company and Ghe
said West Kentucky and Tennessee
Railway Company hereby agree to hold
exempt iromany other payment Of any
part of the subscription to the former
subscription to The first mortgage bonds
of the Indiana, Alabama and Texas
Railway Company now unpaid, SO far
rs the subscriptions of these subscribers
are concerned who shall sign this con.
tract.
2. That in consideration OF the above
described release on account OF the ben
efits and advantages, general and spe-
cial, which in our opinion is likely tC
accrue to ourselves, the said undersign
ed subscribers to first mortgage bonds
OF the Indiana, Alabama and Texa:
Railroad Co. under former contrac
as above referred to, we, each of us,
severally and individually, for ourselves
do hereby covenant and agree with each
other, and with the West Kentucky
and Tennessee Railway Company, and
with the Indiana, Alabama and Texas
Railroad Company, in order to induce
the SAID West Kentucky and Tennessee
Railway Company to complete the In
diana, Alabama and Texas Railroad tt
the point above described, near Ceru
lean Springs, Kentucky, and to con
struct It's own line from said point tt
Princeton, Kentucky, and afterwardl
TO operate both roads from GAINESVILLE
Tennessee. to Princeton, Kentucky
under one management and under one
continuous line OF transportation, we d.
hereby set over, assign, grant and trans
fer unto the West Kentucky and Ten
nessee Railway Company all OF oul
right, title and Interest Ia an to the frs
mortgage bonds and the capital stock O
said Indiana. Alabama and Texas Rail
road Company to which we are entitled
or would be entitled if we had finiset
paving for same, by reason Of our sub
scrptions to said bonds under contract
OF March Is, 1888, and we do hereh,
empower, authorize and direct the trus
tee, Hon. d. N Kennedy, to deliver TIN
said bonds to the order of the said Yves
Kentucky and Tennessee Railwa.
Company upon the day and date whei
and as soon as the West Kentucky ant
Tennessee Railway Company shall com
plete its line OF railway from the poin
near Cerulean Springs above referre'
to, to Princeton, Kentucky, and as sooi
us the rails haye been laid on the fourt
section OF the Indiana, Alabama an
Texas Railroad Company 8 road betweel
the end of its present track near New
stead to the point above referred to nea
Cerulean Springs, SO as to admit of tn
passage OF locomotives and cars betwee
GAINESVILLE, Tennessee and Princeton
Kentucky, and when the two roads ar
actually operated as one continuou
line OF transportation under the mar
agement OF the West Kentucky an
Tennessee Railway Company; and W
do hereby authrize the President Of tn
Indiana, Alabama and Texas Rrilroa
Connanv to 40 deliver To the order {