The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-09-20

""u aisade railway Company. a cor
poraslon duly incorporated under the
laws OF the State OF Utah. which rights.
property aud franchises have been sold
under judicial proceedings in the en-.
iorcement OF q mortgage lien author.
lzed In a certain action Of record in the
circuit Court Of the United States
Ninth Judicial Circuit. District of Ne.
vada, aud entitled National Bank of ID.
y. Mills and Company, IA corporation)
complainant, vs. Eureka and Palisade
Railway Company. Ia co~rporauon), and
the Richmond. Eureka Mining Com.
pany' Ia corporation), Defendants, and
numbered ll32 on the files aud records
OF SAID nnnrt desperate said railroad OF
any part thereof by steam, electrical or
other power to lease the same or any
part thereof, and to exercise and enjoy
all the rights. powers aud privileges,
and franchises which, at the tune of the
sale OF said railroad, belonged to or
were vested in said company, and ali
the rights. privileges. powers aud fran
chlses OF railroad corporations organized
under the laws. of the State of Utah.
THAT. the termini Of the railroad
purchased and acquired as aforesaid by
this corporation (The Eureka-Nevada
Railway Company, are the town OF
Pali5ade and the town of Eureka, both in
the County OF Eureka. State OF Nevada.
said road commences at Palisade in
said county and State and runs thence
IN a southerly direction entirely within
aud through said county Of Eureka. 90
and terminates at the town of Eureka,
with a branch. AZ miles 10 length, ex-
tending from the town of Eureka to the
town Of Ruby Hill. also in said county.
The approximate length of ssid road
including said line to Ruby Hill is ssh
miles.
THAT, ali and singular. the railroad.
the assets. rights, properties. privileges
aud franchises formerly owned by the
said Eureka and Palisade Railway Com.
pany. situate wholly in the County OF
Eureka. State of Nevada. described as
follows:
First /: A line of railway from Pail.
sade, Eureka County. Nevada. to Eure-
ka. in said County and State. a distance
Of 81 miles.
Second A line of railway from Eu-
reka in said County and State. to Ruby
Hill. in said County and State. a dis.
lance Of AZ miles.
"And also, all the estate. right, title.
interest. property. possession, claim and
demand whatsoever, as well in law as
in equity. Of the said Eureka and Pail.
SADIE Railway Company and Of George
w. Heintz, purchaser at the judicial
foreclosure sale aforesaid, and OF George
Whittell. assignee OF said purchaser, IN
or to said properties and every part and
parcel thereof with the appurtenant
rights. privileges and franchises as afore
said"
Thereafter on the sixth day OF May,
1912, that part Of the line between Fall
SADIE and Eureka (%excluding the Ruby
| Hill extension) was leased to the Nevada
Transportation Company, a corporation
formed under the laws of the State oil
| California with a capitalization OF S2o.-
| 900. The latter corporation was formed
| for the purpose of leasing and operating
| the said Eureka.N Nevada Railway. and
in consideration Of the lease agreement
the Nevada transportation Company
| a0rees TO nav 10 the Eureka-Nevada
| Railway an annual rental Of five per
cent on $500, 900. the capital stock OF the
| Eureka. Nevada Railway Company or
in other words. s25. 900 per annum.
Operation of the railway properly oy
the Nevada Transportation Company
was resumed etween Palisade n Eu'
reka on May 6, 1912. two years and two
months following the time when the
property was disabled by washouts.
Rehabilitation
Following the disposal of the properly
at foreclosure sale. an examination was
made of the road by experts employed
by the Board OF Directors OF the EureAa
and Palisade Railway. with a view 10
ascertaining what it would oost to re-
habilitate the property. The following
ia an extract taken from the minutes o.
the meeting OF the said Board, held de-
cember 80. 1910.
"To ~rehabilitste the property IL WIN
~reonire a further outlay estimated ~ q
minimum of $4,000"
Subsequent thereto Mr.. Whitteil' VINO
redeemed the property, had an exan :.
,ion made. 1t was estimated that II
would cost approximately $4,000 TO 70,
habili,ate the line for light tratio anu
that for the purpose of heavy 'ramo o.
axnanditure of approxlmatoAy