New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-22

a5rred upon, and the matters herenbeore recited are
all mat remain 70 be done snG completed In order 20
insure complete and satisfactory settlement aud ad
iusment Of all the said disputes and differences;
Now therefore, tho parties hereto, for the purpose
Of expressing formally thcir due assent 10 and agree
ment upon the said Arbitration Contract schedule
and all the substantial features and pro.
visions OF the sad financial pan, Schedules
and for the purpose OF avoiding any misunderstood.
ngs between their respective corporations during tho
time which will necessarily be occupied in perfectng
the details Of tho said financial plan. including the
form OF tho Collateral Trust Mortgage, which is
feature thereof, and In securing the final of
the Boards Of Directors Of tho said several corpora
lions represented by them to the said Arbitration
Contract and financial PLAN and their authority IL
execute the same and procure the necessary action
by the Oregon Railway aud Navigation Company
which Is required for the complete carrying out OF
said Arbitration Contract and financial plan, hereby
mutually covenant and agree with each other as fol
lows, to wit:
APPROVING THE CONTRACT
/. The parties hereto hereby declare their approval
Of the said Arbitration Contract a perfected In
strument ready for execution and delivery stimuli.
anoousy with The execution OF the instruments neccs
sary TO carry he said financial plan into effect; and
also declare their approval Of all the essential features
OF said financial plan, embodied In Schedules
HeTetO annexed, ana all the 1calutS IheIool
subject only TO such elaboration and perfection OF
details a. may be agreed upon. and hereby agrcc TO
recommend said arbitration contract IN its present
form and said financial plan It's details are
rcrfec ted 10 the Board OF Directors OF their respective
corporations and 10 use their best efforts TO
tho necessary authority to execute and deliver the
same behalf Of their respective corporations
speedily may be.
=. In view OF the possibility that the action the
part Of the Oregon Railway and Navigation Company
necessary to tho complete fIlfmcnt Of the said
arbitration contract and financial plan cannot be
obtained I'm advance OF the annual meeting Of that
company on the 18th OF June, 1850. the parties hereto
hereby further covenant and agree to their best
efforts to cause the respective corporations represented
bv them 10 enter into an agreement which shall be
binding and irrevocable until the LIST day Of July.
Io-9 and which shall provide substantially as follows,
10 Wit:
laJ For the Immediate execution and delivery In
escrow 20 some Individual or trust company, to be
a,rr~l upor, Of the said arbitration contract and
financial plan and the several instruments necessary
10 carry the same into effect
o. Comforting authority upon the depoSary OF said
cNecutol Instruments To deliver and exchange the same
and between the said several corporations parties
thcrrtO whenever and a. the Oregon Railway
AMI Navigation Company shall have executed and de-
lvrrrl 10 the Oregon Short Line Railway Company
the lnirnturr modifying the loaS" existing between
the SAID two companies which Is hereto annexed and
marked schedule and shall have elected as
members Of is Board OF Directors.