Rutland Railroad Leases and Contracts; 1871

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1872. Excerpt: ... Article Third. The Rutland Railroad Company hereby sells to the party of the second part all the fuel, lumber, timber, new ties, oil and waste, shop stock, and all other things of that character furnished for use upon its road including herein all new rails and track fixtures owned by said Railroad Company, not in the track of said road at the time this contract goes into effect. And also assigns to the said party of the second part all existing eontracts they have for such property. The parties of the second part agree to pay for the property before mentioned in this article at a valuation to be fixed by proper inventory and appraisal to be taken and made by a person to be designated by the party.of the first part, and by the superintendent of the Vermont Central R. R., acting conjointly as such appraisers and in the event that they disagree, an umpire shall be appointed by them, whose decision in conjunction with one of said appraisers shall be final., And it is mutually agreed that payment for such property when so appraised and inventoried shall be made in the notes of the said Trustees and Managers in equal amounts, at six, twelve and eighteen months, with interest, from.January first, A. D. 1871. Article Fourth. The parties of the second part agree to keep up and maintain in good order and condition, by repairs and renewals as the same may he needed, all the present equipment of the party of the first part as.aforesaid, and to add such new cars and engines as may be necessary to provide for waste and depreciation as the same may from time to time occur. And they also agree to put into the track of said Rutland Railroad, all new iron or a proportionate quantity of steel rails, ties and other material requisite to keep the track and road always in a g...