The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-09-03
Atlantic & North Carolina Railroad


Atlantic 6 North Carolina Railroad
Company:
And Whereas, it now seems to the
Atlantic & North Carolina Railroad
Company to be fit and judicious and
to the advantage of the said company
to farm out it's entire railroad, with
all its franchises, rights of Transport
tation, works, and property of every
kind thereunto belonging and used and
connected Herewith as hereinafter
described, to the Rowland Improve
ment Company, with the reservations
hereinafter particularly set forth:
Now, therefore. for and in consid-
Grafton of the several sums of money,
rents, covenants, agreements, and Sti-
pulatlOnS hereinafter specified and
agreed to be paid kept, and perform
ed by the Rowland Improve
ment Company, the said lessor, name
~. the Atlantic and North Car
DINA Railroad Company, has de-
missed, let, hired, farmed out, and de-
livered, and by these presents doth
demise, let, hire, far out, and deliver
to the said lessee, namely the How
land improvement Company, the en-
tire railroad of the said lessor, with
all it's franchises, other than the fran
chises to exist and with all it's powers
incidental thereto, privileges, rights of
IL, v.
including among other things it's su-
perstructure, road-bed, right of way
incident thereto, situated in the State
of North Carolina, and extending from
the town of MOrehead, in the county
of Carteret to the city of GoldSboro,
in the county of Wayne, in the said
State; and also all depot houses, shops,
piers, wharfs, water fronts, water pri-
Vileges, buildings, fixtures, engines,
cars and railroad equipment, and all
franchises, rights, and privileges, and
other things, if any, of whatsoever
kind or nature to the said lessor be-
longing, and necessary, incident, and
appurtenant to the free, easy, and con-
Venient operation of the said railroad
leased hereby and now or heretofore
used in that behalf; and also includ-
ing the property situated in the said
town of Morehead City known as the
Atlantic Hotel, with all of it's rights
privileges, Entertainments and appur-
tenances, and the furniture, fixtures
equipments and appliances now there
in or used Herewith, for the full term
of ninety-one (9D years and four. (4)
months from and after the first day of
September, 1904 and to be fully ended
and completed, commencing on the
first day of September, 1904.
And the said lessor. for itself, its
successors ana assigns, QOtn covenant
and agree to and with the lessee its
successors and assigns that at the
time of the ensealing and delivery of
these presents, it is we'll seized and
possessed and entitled to the premises
property, rights, franchises, and priv
ileges above conveyed in the
estate and for the term de-
missed. except as is hereafter stated,
and has good right, full power. and
lawful authority to lease, farm out,
convey and deliver the same in the
manner and form aforesaid and that
the samo arc free and clear from and
of al liens and encumbrances of
whatever kind or nature socver save
and exce9t tho lien and remembrance
of a certain deed of trust or mortgage
to secure certain coupon bonds of the
said lessor heretofore issued and now
outstanding, and amounting to about
three hundred and twenty-five thous-
and tS325,000) dollars; that tho said
lessee its SUCCESSORS and assigns, shall
during the entire term aforesaid have
and enjoy quiet, peaceful and unin-
ter pied possession of all of the
pro Frty rights privileges, franchises
and estate hereinbefore leased and
fan Id out; and that the said lessor