New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-29
financial.
INVITATION 70 OBSERVATION-DISCLOSURES Of

INVITATION TO CONTRACTORS.-Ofice Of
Of ,S the c Hoard q Rapid Transit Railroad Commissioners
city, November 18TH 1880 NO. '1V broadway ne" i0'N
By its Boss aOT Rap an. Ra SS tie S
cw ~ li0poses to build rapid transit railroad in the
sa es proposals to construct railroad equip the
and operate b same into operation and thereafter to use
o aG ~, the term OF ny go, with right renewal
cons the term and conditions forth in the draft Of
PAYMENTS 70 the Contractor will be made for
tract ne WORK proceeds as provided in the form OF con-
such annual rental to b. paid by the Contractor under
e contract amount to the interest paid by the City on
gr cost OF construction dneudng interest during
such cc e Ee and in addition one a. per cent on
or reduction f sueh pne a per cent during
tho Propos sn ~ M the Lease and in addition
five million eG Sd,s @ 1 sd 6 Ge Ifs the
such Sseess stated IN such PToposa
b points within the city Of New York between which
lowed are as follows namely: From the OF Broad
ST to- n asw fra hS% to nnd sT'Ts
feet to lafayette Place. to and under Fourth avenue and
street broadway under Broadway to Fy-ninth street
and street then by vsduct to One hundred
70 on, bs c feet Ho9S on" one
snS nH oya TO the southeast end Of HEo9d
GALE avenue to Knssbrdge Station Of the New York and
Park and Broadway connecting Centre street and Park
S aa asd Branch as 0ws Running from one sS1
street, crossing Central Park to Ienox avenue
hundred second street, esaiery % and under
9e Harlem ssn r. to and under One HUNDRED and forty
along WestchesieT avenue to Southern boulevard; to
The general method of construction shall to
he City Hall sor the PORTIONS Of the both
n e fpr ra ana the west side lines north OF One
the route Between the CITY Hall loop and one hundred
% s and @ + nc Say Of a9 OF r dG
street street conditions win permit, and is to have
and with maximum width in the clear, excep; as in
are an G5 feet where
are two q tracks There shall also be suitable stations
route underground shall be constructed with Orders
ScSd roof The Viadact portions sha of steel and
masory The manner Of construction Of the portions
The Railroad the purposes OF the divided
the southern ernus at the cS Ha to 5s
10Th Street To isR street e ana par on the G part on the east
side beginning with the branch at oSFd street and the
nue. Section III including a. the part on the west SIDE i
east side from l35th Melrose avenue and Sec
Err asSs' s@a 90 THE the sR 59s east iss Sls
M be S a S% S Ss such But fqs s CITY
at ay one its me f Se aSy for s
It's other obligations interests The Railroad is. there
sS Sn' 6e1 w aha ss sSRRso
Section IL the city shall 70 elect the Contractor snail
Section H. and when after the commence
ssGS 6s G f% aid 50 r ss1 a sS
the commencement OF Section III. and within three 90
years after the Of Section ine G ny sTh hs
Railroad shall far the rshts and Oslig ga
only section and addition the other OF SEQ
M H ana hs limits mRSH of '9S time s faa
The years for the contract is proposed 70
the oa @ it's re5 y S az by
Board with al option to the Contractor 70 saene d a
lease s9 for 5FoyGs ss not ct rental
the 40 calendar years before the Con-
tractors demand for renewal
Other requirements provisions details and specifications
hs % the the @ Engineer Sl OF the RAPID
board. No % william Street. New York City. where
81 PROPOSAL roe HHf Be q had h s S ri Of
| tract is 10 be deemed part Of this Invitation
ing Of such rapid transit road endorsed: Proposals for
constructing and leasing Rapid Transit Railroad wtn me
Of the corporation or corporations
making the Will be received at the said office OF the
York City until the 18th day Of January 1900 at y
b oS al be pTapo s viii be publicly opened at the
said Office and of the contract awarded. VIII
the BIDS be made by the Board to the person or persons
@ @ n or be- for m best dny Of h % The
m or bidders a y & @ be sTSfa
the said Office OF the Board within ten d days after the
in form Esfe5Fsd say sSscgsd o.n,r,., ~. Con-
tractor shall give security as follows:
% BY deposit OF one million dollars Hooo0oW in cash
banks Of mis- STATE invest their funds ana
ONE on dollars " shall Se Security for
strucon
% By a continuing bond In the penalty of One million
dollars operation,
men of rental and all Obligations Of the Contractor.
E Sona IN es RsnaS o. and dollars
In case Of failure or neglect to execute and deliver
the contract and required bonds and make the required
Soard be deemed either to
have abandoned the contract.
In he LAT
to the bidder or bidders And the Board may thereupon
the original bidders in the opinion , Of the Board
% SS By me new 9esa nj e originally mad invite
further proposals. The defaung bidder bidders shall
BY staned the
bid Of such defautng bidder or BIDDERS and without
abatement by Of any increase OF Rental which such
qudaed at One hundred and fifty thousand dollars
Bidders shall specify separately the amSHnt Of the BID
road shall consist Of sections and f. 90 When The
the Railroad shall consist Of Sections H. III and ~
the SSs Of 4 s sPs IN s fe F4aad R %e S
for eb szpP, o Sn
other purpose. All other rolling stock, all boilers,
6o M' al ny a eae no %bh n ne poW
houses shall stand which shall be necessary for the
implements devices OF nature whatsoever used
for such generation or transmission OF motive poer ana
ventilation
must be begun under the contract within thirty
days shal be executed and delivered.
proposal shall be enclosed in sealed envelope
and delivered 20 the Board It's secretary and in
the presence OF the person Offering the proposal II shall
be deposited q sealed box in which all proposals shall
deposited. No proposal will be received deposited
unless accompanied a certified cheek drawn upon
national or State bank within City OF New York.
payable order Of the Comptroller OF the city OF
New York for hundred and fifty thousand
dollars $3.50 0Oo II the Board shall, by notice
bidder accept his or its proposal and II the bidder shall
fan within ten Q0) days thereafter within such
period II be prescribed by the Board
to duly and deliver the contract and the two
with suretes and make the deposit OF One million
dollars 900, then this Invitation Contractors
and the proposal accepted aforesaid shall be
binding the bidder 10 TO the City the damages
by sustained by Of such failure, In such
case hereby absolutely assigns city
ownership hundred and fifty thousand dollars
$3.50 900 payment OF such damages Such check
enclosed In the sealed envelope containing the pro-