Lease of the Portland And Ogdensburg Railway Company to the Maine Central Railro
Lease of the Portland And Ogdensburg Railway Company to the Maine Central Railro
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The said lessor on its part hereby covenants that it shall and may be lawful to and for the said lessee, its successors and assigns, paying the rent herein reserved and providing for and making all the other payments required by the terms hereof, and keeping and performing all other covenants and agreements by the said lessee to be kept and performed under the terms of this lease, peaceably and quietly to have, hold, use, occupy and enjoy all and singular the premises hereby demised with the ap...purtenances for and dur- ing the said term of nine hundred ninety-nine years, without any molestation whatsoever from or by the said Portland & Ogdens- burg Railway or its assigns, or any person or persons lawfully or equitably claiming by, from or under said Company.
TWELFTH.
The said lessor further covenants that it will, during the term hereby demised, uphold and maintain its own lawful cor- porate organization, and will do all things on its part required to be done to uphold and save inviolate the charter and franchise thereof, and will from time to time elect and appoint all such oflficers, agents and servants as it may be required by law to elect and appoint for the purpose of so maintaining its organization, charter and franchise, and will invest them with such powers and 13 duties as may be necessay to secure and maintain the corporate efficiency of said Company according to law ; and the said lessor will not after the execution of this lease and until the determina- tion thereof, without or beyond the consent of the said lessee, create any new debt against said Portland & Ogdensburg Railway, nor issue or deliver any previously executed evidence of debt for which the said Company shall not have received full value at the date of the execution of this lease, nor voluntarily do any act whereby any obligation or indebtedness shall result against said Company, except in accordance with the terms of this lease.
What to read after Lease of the Portland And Ogdensburg Railway Company to the Maine Central Railro?
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To quickly assess the difficulty of the text, read a short excerpt:
The said lessor on its part hereby covenants that it shall and may be lawful to and for the said lessee, its successors and assigns, paying the rent herein reserved and providing for and making all the other payments required by the terms hereof, and keeping and performing all other covenants and agreements by the said lessee to be kept and performed under the terms of this lease, peaceably and quietly to have, hold, use, occupy and enjoy all and singular the premises hereby demised with the ap...purtenances for and dur- ing the said term of nine hundred ninety-nine years, without any molestation whatsoever from or by the said Portland & Ogdens- burg Railway or its assigns, or any person or persons lawfully or equitably claiming by, from or under said Company.
TWELFTH.
The said lessor further covenants that it will, during the term hereby demised, uphold and maintain its own lawful cor- porate organization, and will do all things on its part required to be done to uphold and save inviolate the charter and franchise thereof, and will from time to time elect and appoint all such oflficers, agents and servants as it may be required by law to elect and appoint for the purpose of so maintaining its organization, charter and franchise, and will invest them with such powers and 13 duties as may be necessay to secure and maintain the corporate efficiency of said Company according to law ; and the said lessor will not after the execution of this lease and until the determina- tion thereof, without or beyond the consent of the said lessee, create any new debt against said Portland & Ogdensburg Railway, nor issue or deliver any previously executed evidence of debt for which the said Company shall not have received full value at the date of the execution of this lease, nor voluntarily do any act whereby any obligation or indebtedness shall result against said Company, except in accordance with the terms of this lease.
What to read after Lease of the Portland And Ogdensburg Railway Company to the Maine Central Railro?
You can find similar books in the "Read Also" column, or choose other free books by Portland And Ogdensburg Railway to read onlineMoreLess
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