Date of last meeting of stockholders for election of directors: January 12, 1891. Leased to the Western Maryland Railroad Company for a period of fifty years (6 per cent. interest on $72,800, first mortgage bonds), computing from the first day of July, A. D. 1879, fully to be complete and ended, the Western Maryland Railroad Company paying to this company for the same an annual rental of $4,368, and that payable in equal semi-annual instalments of $2,184 each, on the first days of January and July in each year, computing from the first day of July, 1880, over and above all offsets and discounts for taxes and assessments. Western Maryland Railroad Company has right to purchase at expiration of lease, or renew lease for a like term of fifty years, to commence from the expiration of this lease and containing the same terms, covenants and provisions as those contained in this lease, save that if the rate of interest upon the new first mortgage bonds, which may be issued in lieu of or for sale, in order to retire the first mortgage bonds first mentioned, shall be less than 6 per cent., then the rent to be reserved shall be reduced to an amount equal to the annual interest to be paid on said bonds, and the said new lease shall especially contain like covenants for the privilege of purchase or the obtaining of a new lease. By what authority incorporated: State of Pennsylvania. Date of last meeting of stockholders for election of directors: January, 1891. Postoffice address of general office: Chambersburg, Pa. 2-11-91 Leased to Western Maryland Railroad Company for a period of fifty years for 7 per cent. interest on $270,000 stock, and 6 per cent. interest on $230,000 1st mortgage bonds. Date of lease, July 1, 1881. Expiration of lease, July 1, 1931, with privilege of renewal for like period or periods. BALTIMORE AND HARRISBURG RAILWAY COMPANY. Date of organization: Created by merger September 20, 1886. By what authority incorporated: General railroad laws of Pennsylvania, acts of 1849 and 1868. General railroad laws of Maryland, acts of association, 1876, Chapter 242. If a consolidated company, name the constituent companies: Hanover Junction, Hanover and Gettysburg Railroad Company, Baltimore and Hanover Railroad Company and Bachman Valley railroad of Pennsylvania. Operated by Western Maryland Railroad Company. Date of last meeting of stockholders for election of directors: January 14, 1891. PROPERTY LEASED, OR OTHERWISE ASSIGNED FOR OPERATION. Berlin Branch Railroad Company, no contract, but train service is performed by Baltimore and Harrisburg Railway Company at 40 cents per mile. Gauge of track, 4 feet 8 inches. Bachman Valley railroad of Maryland, operated in connection with Baltimore and Harrisburg Railway Company. Gauge of track, 4 feet 8 inches. BONDS OWNED. Berlin Branch railroad of Pennsylvania, 29 bonds, $500.00 each, $14,500 00 Unproductive. STOCKS OWNED. Frederick and Pennsylvania Line railroad, 400 shares, $20,000 00 5,300 00 CONTRACTS. AGREEMENTS, ETC. Adams Express Company, 40 per cent. gross receipts. United States Government, $4,361.52 per annum. Traffic arrangements for interchange of freight with Gettysburg and Harrisburg railroad, Baltimore and Ohio railroad and Pennsylvania railroad, upon agreed per cents. |