Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-11-22

Subscription to secure right or way
and terminals for the Albuquerque
Eastern Railway company.
We, the undersigned, hereby several
ly subscribe, upon the following condi-
tions, to the amount in money set up
rosite our respective signatures for
the purpose of having the Albuquerque
Eastern railway build into the city of
Albuquerque, viz:
First-That the company shall build,
equip and put in operation, a line of
standard guage railroad from Albu-
querque to connect with a railroad
known as the Santa Fe Central, now
being built with a connection with the
Rock Island and Ell Paso and North
eastern routes at Torrance, n. NJ, to
form a line with that part of the Ell
Paso & Northeastern railroad already
constructed into the city of Ell Paso,
Texas, so that when the said line from
Santa Fe south to said connection, and
the said Albuquerque Eastern railroad
have been constructed, the said city of
Albuquerque will thereby have a con-
nection with the Denver & Rio Grande,
Rock Island & Pacific and Ell Paso &
Northeastern railroads. Said line of
railroad from Santa Fe to the said con-
nection with the said Chicago, Rock
Island & Pacific and Ell Paso & North
eastern, and the said Albuquerque
Eastern shall be constructed by the
route which the directors of said COM
pany shall select as most practicable,
and their selection shall be conclusive
as to practicability. The money sub
scribed under the terms of this con-
tract shall become due and payable at
the times and In the manner herein
provided.
Second-That the said Albuquerque
Eastern Railway company shall estab-
lish and maintain its business head
quarters and general Offices at Albu-
querque, and will locate it's freight and
passenger depots within the present
limits of the city of Albuquerque.
Third-That the proceeds arising
from these said subscriptions shall be
used for the one and only purpose of
purchasing and acquiring the right of
way and terminal grounds called for
by the proposition dated November 6,
1902, addressed to Hon. G. F. Myers,
mayor of the city of Albuquerque, from
the said albuquerque Eastern Railway
company, by its president, w. Fl. An
drews, according to copies of said pro-
posal as they appeared In the newspa-
rers of Albuquerque.
Fourth-Said subscriptions shall be
paid in installments of thirty-three and
one-third (33 1-3) per cent of the total.
ten days after the same shall be called
for, and the same amount every thirty
days thereafter, or so often after that
period as the same may be so called
fer, it being understood, however, that
only such pro rata portion shall be
called for as may be necessary to coy
er the actual outlay which may be
made to secure the right of way and
terminals as aforesaid.
Ffth-It is further agreed and un-
derstood that the said railroad shall be
completed and in operation so as to
form said connections on or before De-
comber 81, 1908, and that the work of
grading the said Albuquerque Eastern
railroad shall commence on or before
the first day of February, 1908, as
promised in the said proposition from
the Albuquerque Eastern Railway COM
pany previously referred to.
Sixth-Each Of the subscribers,
whose names are signed hereto, or to
any copy of this contract, by signing
the same, expressly s%tipulates that he
has read the same owe and under
stands each and every provision there
OF, and agrees to the same and sub
scribes for the amount set opposite his
respective name, payable as hereinbe-
fore provided.
Seventh-It is understood, as a con-
dition of this subscription that the IT,
tie papers to the property herein pro-
vided for shall not be delivered to the
said Albuquerque Eastern Railway
company, its successors or assigns, un-
til the said Albuquerque Eastern rail
road has been constructed and is in op-
Grafton from the city of Albuquerque
so as to form a connection with the
said Santa Fe Central railway, when
built, from the city OF Santa Fe to con
meet with the said Chicago, Rock Isl
} aud and Pacific and Ell Paso & North
eastern railroads as hereinbefore pro
} vided.
} Albuquerque, n. NJ, Nov. 81, 1902.