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 This Indenture made in duplicate this twentieth day of 
 August, A. D. 1888, by and between the Portland and 
 Ogdensburg Railway, a corporation existing under and by virtue 
 of the laws of the States of Maine anJ New Hampshire, party of 
 the first part and hereinafter styled the lessor, and the Manie 
 Central Railroad Company, a corporation existing under and by 
 virtue of the laws of the State of Maine, party of the second part 
 and hereinafter styled the lessee, 
 
 WITNESSETH ;- 
 
 That, in consideration of the premises and of the rents here- 
 inafter reserved to be paid by the lessee, and of the covenants and 
 agreements hereinafter contained to be performed and fulfilled 
 by the lessee, the said Portland & Ogdensburg Railway does 
 hereby demise and lease to the said Maine Central Railroad 
 Company all the railroad of said lessor located and constructed 
 from the City ot Portland, in the State of Maine, to the western 
 boundary line of the State of New Hampshire, including all the 
 
 fright, title and interest of the lessor in and to all railroads or 
 parts of railroads between Portland, aforesaid, and Lunenburg, in 
 c* the State of Vermont, constructed or operated by the lessor, and 
 ^ in and to the railroad and bridge lying between the junction with 
 R the Boston, Concord & Montreal Railroad, in Whitefield, in the 
 ^ State of New Hampshire and said Lunenburg, and all rights 
 
 J possessed by the lessor, by lease or contract, in any and all rail- 
 roads forming any part of the through line from said Portland to 
 Ogdensburg, in the State of New York, with all its rights of way, 
 ."5 side tracks, branches, stations and station grounds, bridges, piers, 
 - J wharves and easements, and all its rolling stock and equipment, 
 {A all its franchises, rights and privileges under its charters and the 
 laws of the States of Maine and New Hampshire, and all its 
 right, title and interest in and to all other property of whatsoever 
 nature and wheresoever situated ; 
 
 /i^ 
 
 ^ 
 
 774102
 
 To have and to hold the said railroads, property, estate, 
 franchises, rights and privileues and all singular the premises 
 hereby denaised, with all the appurtenances thereof, to said Maine 
 Central Railroad Company, its successors and assigns for and 
 during the full term of nine hundred and ninety nine years from 
 the thirtieth day of August, in the year eighteen hundred and 
 eighty-eight ; 
 
 Subject to the provisions of all the special acts o£ the Legis- 
 latures of the States of Maine and New Hampshire affecting the 
 rights, privileges, powers and duties of the lessor, and of all the 
 general laws of said States, now in force or hereafter to be 
 enacted ; 
 
 And subject alco to all liens and incumbrances in any way 
 lawfully existing upon the same ; especially to the mortgage 
 from the Portland and Ogdensburg Railroad Companv dated the 
 first day of November, A. D. 1870 ; the liens, debts and liabili- 
 ties which have been or may be created by Samuel J. Anderson, 
 of said Portland, as Receiver of the property of said Portland 
 and Ogdensburg Railroad Company, or his successor in ofBce ; 
 and to the dues, charges and expenses of the Trustees under said 
 mortgage and under the mortgage from said Portland & Ogdens- 
 burg Railroad Company dated the first day of November, A. D., 
 1871 ; and any other mortgage on the demised estate. 
 
 Said lessee yielding and paying rent therefor, for the first 
 three years of said term, at the rate of one per cent, per annum, 
 on the aggregate capital stock of said lessor Company lawfully 
 issued or tx) be issued, and for the remainder of said term at the 
 rate of two per cent, per annum on said stock, payable in quarterly 
 payments (hereinafter termed dividends) on the last days of 
 November, February, May and August of each year, beginning on 
 the last day of November, 1888, at the office of the Treasurer of 
 said Maine Central Railroad Company, as follows: during said first 
 three years, twenty-five cents, quarter-yearly as aforesaid, on each 
 share of said stock, and after said three years and during the re- 
 mainder of all said full term, fifty cents quarter yearly as afore-
 
 . 8 
 
 said, on each share, to the several holders thereof, on the days 
 when such payments hecoiue due as aforesaid, as shown l)y the 
 books containing the names of the holders of said capital stock ; 
 but if any of said stock shall not have been issued at the time 
 when first payment of rent becomes due, and shall thereafter 
 be legally issued, the holder thereof shall then be entitled to 
 receive the previously accruing dividends thereon, precisely as 
 if said stock had been seasonably issued, and the dividends 
 thereon had not been paid.. 
 
 This lease is made and accepted upon the following further 
 terms, covenants and agreements, viz : 
 
 FIRST. 
 
 The lessee is to maintain and operate, and hereby tor itsell 
 and its successors and assigns, covenants to maintain and operate 
 the railroads, property, rights and privileges hereby demised, in 
 furtherance of the objects contemplated by the charters of the 
 lessor and of said Portland & Ogdensburg Railroad Company 
 in the States in which the same is located and constructed, in 
 pursuance of all the general and special laws of the States afore- 
 said affecting the same, and in such manner as to promote the 
 best public convenience and advantage under said charters and 
 laws during the term of this lease. 
 
 In o|)erating said railroad the lessee shall, and hereby for 
 itself, its successors and assigns, covenants and agrees that it 
 will, so far as practicable, endeavor to make such connections and 
 such traffic and business arrangements with other systems and 
 roads leading to and frum the West, that the leased premises 
 shall be o{)erated as a part of a system of roads doing a 
 through line business to and from the West, and that it will 
 use all reasonable efforts to give to the City of Portland as 
 favorable terms for such business, as are given to other Atlantic 
 cities.
 
 And said lessee sliall, and herchj for it?elf, its successors 
 
 and assigns, covenants and agrees that it will, freely deliver to, 
 
 and receive from connecting railroads, passengers and cars, with 
 
 or without merchandise loaded therein, and shall and will afford 
 
 all reasonable facilities at its connections with other railroads for 
 
 such exchange of passengers and cars, and shall, and will deliver 
 
 passengers and freiglit to, and take the same from connecting 
 
 railroads without discrimination ; and all facilities and induce"- 
 
 ments reasonably within its power shall be extended by the lessee, 
 
 as to the use of the lessor's tracks on reasonable terms, to the 
 
 Canadian Pacific or any other Railway Company to make the 
 
 city of Portland a terminus for its through business and 
 
 freight from the West. 
 
 SECOND. 
 
 The lessee further covenants as aforesaid, for itself and its 
 successors and assigns, that it will, at all times during the term 
 of this lease, maintain and keep the said railroad, buildings, 
 superstructures, equipment and other property hereby demised- 
 and such as may be substituted in place of the same," in good- and 
 substantial repair and condition, and will from time to firae 
 make such alterations, improvements and enlargements of said 
 railroad and its appurtenances, and such additions to and renew, 
 als of its buildings, equipment, apparatus and other movable 
 property of every kind, as shall be necessary for the safe, 
 convenient and regular transportation, of passengers, freight 
 and mails, upon all and every part of the line, and from and to 
 all the several stations of said railroad, so as to accomplish 
 effectually the public objects contemplated by the charters and 
 laws aforesaid, and to promote and sustain most beneficially all 
 the reversionary interests of the said Portland and Ogdensburg 
 Railway.
 
 THIRD. 
 
 The said lessee is hereby authorized to sell or otherwise dis- 
 pose of, alter, amend and repair any of the buildings, rails, 
 equipment, apparatus or other movable property, hereby demised, 
 or which may at any time be used or employed in or about said 
 railroad or be appurtenant thereto, so however that in all such 
 cases, and the said lessee hereby covenants as aforesaid that in 
 all such cases, there shall be substituted in place of that which is 
 sold or otherwise disposed of, altered, amended or repaired, other 
 property of the like kind, and equally good or better for the like 
 purposes; and the said lessee is hereby further authorized to cause 
 to be made or constructed any new buildings, tracks, rails, appa- 
 ratus, equipment or other movable property, necessary and bene- 
 ficial to be used for the purposes of said railroad, and to make 
 any and all improvements, alterations and repairs, renewals and 
 enlargements of said railroad, which may be necessary for the 
 greatest efficiency and use of the same, but not so as to divert the 
 same substantially from its present location, nor to impair the 
 most convenient public use of the same : 
 
 Provided, however, that said lessee may from time to time, 
 with the consent of the lessor's Board of Directors, sell and 
 dispose of property not required for the operation and use 
 of said railroads as herein provided and apply the proceeds for 
 the improvement of the demised property ; and the President of 
 the lessee, for the time being, is made the Attorney of the lessor 
 to execute, jointly with the lessee, in the name of the lessor, all 
 conveyances of property hereby authorized to be conveyed, when 
 such conveyance shall be ordered by vote of the Board of 
 Directors of said lessee. 
 
 FOURTH. 
 
 The said lessee further covenants as aforesaid, for itself, 
 its successors and assigns, that it will duly pay the rent herein 
 reserved at the times and in the manner herein provided, and
 
 will duly pay all taxes which may lawfully be assessed in any 
 jurisdiction, and for any purpose, upon any and all the corporate 
 property, rights, estate and franchises hereby demised. 
 
 FIFTH. 
 
 The said lessee further covenai«ts as aforesaid, tor itself and 
 its successors and assigns, that it will assume, provide for, satisfy 
 and fully discharge all the debts, liabilities and obligations of the 
 said lessor, and all the debts, liabilities and obligations, if any, 
 which may hereafter during the term of this lease by implication 
 of law arise against and be due from said Portland & Ogdens 
 burg Railway, and all mortgages, liens and incumbrances on the 
 demised estate, including the bonds of the Portland & Ogdens- 
 burg Railroad Company, amounting to eight hundred thousand 
 dollars secured by mortgage from said Company, dated the first 
 day of November A. D., 1870, and the coupons thereto annexed 
 as they severally become due ; and all the debts, liabilities and 
 obligations of Samuel J. Anderson, as Receiver as aforesaid, or 
 his successor in office ; and all the debts, liabilities and lawful 
 charges for their services as Trustees, and for legal and other ex- 
 penses incurred by them in the execution of their trust, of 
 Nathan Webb, Weston F. Milliken and Horatio N. Jose, Trus- 
 tees under the mortgage from the Portland & Ogdensburg Rail- 
 road Company, dated the first day of November, A. D. 1871, and 
 all the debts, liabilities and lawful charges as aforesaid of the 
 Trustees under any and all other mortgages on said railroad : 
 and said lessee will save said lessor harmless from all liability 
 whatsoever on all and singular said debts, liabilities and obliga- 
 tions as lully and completely as if they were the proper debts, 
 liabilities and obligations of the lessee. 
 
 SIXTH. 
 
 The said lessee further covenants as aforesaid, for itself and 
 its successors and assigns, that it will, from and after the execu- 
 tion of this indenture, assume the defence of all suits, actions.
 
 complaints and prosecutions, which may then be pendin<r, or 
 whicli may thereafter be brought against the said lessor or any 
 of its officers, servants or agents, or said Receiver or his succes- 
 sor, for anything by them done under authority and in behalf of 
 said Company, and will indemnify and save harmless the said 
 stockholders thereof and said Receiver against all costs and 
 expenses incurred in such defence, and against any and all judg- 
 ments which may be recovered in such suits, and against all 
 actions, damage and liability, on account of anything which may 
 be done or omitted by the said lessee, or its successors, while 
 exercising or assuming to exercise any of their powers and 
 rights under this indenture, and on account of any and all acts, 
 omissions or neglects of any kind in any manner done or suffered 
 by the said lessee or any of its servants or agents. 
 
 The lessee shall assume all traffic balances and other debts 
 due, or that may become due, from said lessor or said Receiver 
 to other railroad or transportation companies: shall assume, 
 observe and perform all contracts of every nature made by the 
 lessor before the final execution and delivery of this indenture, or 
 by said Receiver or his successor while in possession of the demised 
 property : shall furnish the Directors of the lessor with free 
 annual passes over the railroads operated by the lessee under this 
 lease: shall permit the demised premises to be inspected annually 
 V)y some competent person appointed by the lessor, who shall 
 report to the lessor the condition of said premises, and who, for 
 the purposes of such inspection, shall be furnished with free 
 transportation over the railroads operated by the lessee under this 
 lease: shall make all returns required by the lessee by law: 
 shall furnish the lessor with all such statements as shall enable 
 it to make all returns required by law of the lessor ; and, at the 
 end of the term of this lease or at any earlier termination thereof 
 from any cause whatever, shall surrender the demised premises 
 in like order and condition as they were at the inception of this 
 lease or may be put in during tiie term with all improvements 
 thereon, and all extensions thereof, and with all additional rail-
 
 roads or parts of railroads that may be constructed by the lessee 
 under the charter of the lessor or in its name. 
 
 To prevent uncertainty as to the property herein demised and 
 to be accounted for upon the termination or forfeiture of this lease, 
 there shall be made as of the day when this lease takes place, an' 
 inventory, description and appraisal of all the estate and prop- 
 erty, real and personal, belonging to the lessor, and coming into 
 the possession of the lessee by virtue of this lease. Such inven- 
 tory, description and appraisal shall be made by two competent 
 persons, one selected by each party ; in case of their disagree- 
 ment they shall refer the matter in difference to some third "per- 
 son selected by the two, whose excision shall be made final. 
 Such inventory, description and appraisal shall be made in dupli- 
 cate, and an original furnished to each party, and shall be evidence 
 of the nature, value and condition of the property demised at 
 the inception of this lease in all cases in which any question of 
 such nature, condition or value may arise. 
 
 SEVENTH. 
 
 The said lessee further covenants as aforesaid, for itself and 
 its successors and asf,igns that it will, on or before the expiration 
 of every year during the term of this lease, pay to the said lessor 
 the sum of five hundred dollars, for all such necessary expenses 
 as the lessor may incur, within the year aforesaid, for the com- 
 pensation of such officers as may be required in maintaining the 
 organization of said company, for incidental charges attending 
 the holding of its corporate meetings, and for all necessary pro- 
 ceedings in maintaining and preserving its corporate powers. 
 
 EIGHTH. 
 
 The said lessee further covenants as aforesaid, for itself and 
 its successors and assigns, that it will never assign this lease, nor 
 underlet the whole, nor any part of the demised railroad, 
 without the written assent of the lessor first had and obtained, 
 authorized by a vote of tlie stockholders thereof at a meeting 
 called for the purpose, and that it will at all times do, observe
 
 and perform whatever may be lawful and reasonably required on 
 its part to be done, observed and performed, to uphold, protect 
 and maintain the franchise, riglits and interests of said Portland 
 & Ogdensburg Railway, and that it will not do, nor voluntarily 
 suffer anything to be done, which shall tend to a forfeiture of the 
 franchise of said Portland & Ogdensburg Railway or in any man- 
 ner impair the value of the same. 
 
 Provided, however, that in the event of the lessee's leasing their 
 system to, or consolidating with, any corporation operating a 
 connecting railroad or system of railroads, the lessee's interest in 
 the demised premises shall pass by such lease or contract of con- 
 solidation. 
 
 NINTH. 
 
 This lease is upon the condition that, if said lessee, its suc- 
 cessors or assigns, shall fail to pay any rent-dividend on demand 
 as the same siiall become payable and shall suffer the same to be 
 in arrears for more than six months after the same becomes pay- 
 able and payment is demanded, or shall fail to pay the principal 
 and coupons of said bonds secured by said mortgage dated the 
 first day of November, A. D., 1870, or the principal and interest 
 of any bonds secured by any mortgage of the demised premises 
 made as hereinafter provided, or the principal or interest on said 
 Receiver's certificates, when presented for payment on or after 
 maturity, and shall suffer them, or any of them, to be in arrears 
 for more than six months after maturity and presentation for pay- 
 ment; or shall fail to perform any award made under the sixteenth 
 section of this indenture as provided in said section, then and in 
 either event, said lessee shall thereupon be liable to suffer the for- 
 feiture of this lease : 
 
 And if such default shall continue for the space of six months 
 the said Portland & Ogdensburg Railway, into and upon all the 
 said railroad property and estate hereby demised or into and up- 
 on any part thereof for and in the name of the whole, shall have 
 the right immediately or at anytime thereafter, without notice or 
 demand, to re-enter, and take and hold possession of the same,
 
 10 
 
 and use and operate the same and take the income and proceeds 
 thereof, and the said lessee, its successors and assigns, and all its 
 servants and agents to dispossess and amove; and may at the time 
 of such re entry or at any time thereafter give written notice to 
 the said lessee or its successors or assigns, that it holds the said 
 railroad property, estate and improvements for the purpose of 
 effecting the determination of this lease and enforcing the forfeit- 
 ure thereof, for the specified breach or breaches of covenant or 
 agreement for which such entry was made ; which written notice 
 shall be sufficient, if delivered by authority of the directors of the 
 Portland & Ogdensburg Railway to any officer of said Maine Cen- 
 tral Railroad Company at its principal office in said Portland; 
 or in case of inability to deliver notice as aforesaid, by publishing 
 such notice for two weeks in some public journal in the said city 
 of Portland. If the said lessee, its successors or assigns, shall 
 not within six months after the delivery of notice, or the last pub- 
 lication thereof as aforesaid, repair, supply and make good all the 
 deficiency and breach of covenant or agreement for which such 
 entry was made, with interest for the time of such deficiency up- 
 on the sum or sums unpaid or in arrears, and with all damages 
 in any wise sustained by such breach or breaches of covenant or 
 agreement, all the estate, rights and interests of the said lessee, 
 its successors and assigns, shall be absolutely determined and for- 
 feited, and the said Portland & Ogdensburg Railway shall have 
 and hold all the said railroad property and estate demised, and 
 all the improvements thereof and property substituted therefor, 
 and all extensions and additions thereto as hereinbefore stated, 
 and all the income thereof, as in and of its former estate and to 
 its own use, without liability to account to said lessee, its succes- 
 sors or assigns, for any of said property, estate, improvements, 
 substitutions, extensions or additions, or income, or to refund or 
 reimburse to said lessee, its successors or assigns, any sum before 
 that time advanced, paid or applied in fulfillment or part fulfill- 
 ment of any of the covenants or agreements herein expressed. 
 But if the said lessee or its successors or assigns shall at any 
 time after such entry for breach of covenant and before the ex-
 
 11 
 
 piratioii of six months aforesaid, from the delivery or publication 
 of notice aforesaid, repair, supply and make good all the de- 
 ficiency and breach of covenant or agreement for which such 
 entry was made, with interest as aforesaid, and with all damages 
 in anywise sustained by such breach or breaches of covenant or 
 agreement, then the said lessee, or its successors or assigns, siiall 
 be restored to the possession, use and enjoyment of all the demised 
 premises and improvements thereof and property substituted 
 therefor as fully and amply, and to all intents and purposes as if 
 no such deficiency or breach of covenant had occurred, and the 
 said Portland & Ogdensburg Railway shall restore, and hereby 
 covenants that it will restore and yield possession as aforesaid, 
 and will account for and pay to the said lessee, its successors or 
 assigns, all the net profits and income received by the said Port- 
 laud & Ogdensburg Railway by virtue of its entry and possession 
 aforesaid. 
 
 TENTH. 
 
 Whereas the bonds secured by the foreclosed mortgage from 
 the Portland & Ogdensburg Railroad Company dated the first 
 day of November, A. D, la71, outstanding and unpaid on the 
 fifteenth day of December, A. D. 1885, being the date of the 
 foreclosure of said mortgage, and the coupons thereon then due 
 and unpaid, form the basis of, and, in fact, constitute the capital 
 stock of the Portland & Ogdensburg Railway, it is mutually 
 agreed by the parties hereto, that said stock is the stock upon 
 which dividends are to be paid as hereinbefore provided, and that 
 no new stock of the lessor shall be created, or its capital stock in 
 any manner increased, without the written consent of the lessee. 
 
 It is also hereby mutually agreed by the parties hereto, that 
 the City of Portland is the owner of said stock to the amount of 
 at least two million, two hundred thousand, five hundred dollars 
 ($2,200,500,) on which, at least, the lessee shall pay the rent 
 hereinbefore reserved of one per cent, for three years and of two 
 per cent, thereafter. Whether the lessee shall pay the rent 
 aforesaid upon a larger amount of stock belonging to the City of
 
 12 
 
 Portland than that above stated, as claimed by said city, shall 
 depend upon subsequent adjudication or agreement of the parties 
 as to the validity of the city's title to an excess of said stock 
 above said amount of two million, two hundred thousand, five 
 hundred dollars ($2,200,500.) 
 
 And if such adjudication or agreement shall be in favor of 
 the claim of the City of Portland to a larger amount of said stock 
 than the sum above stated, the said City, as the holder thereof, 
 shall be entitled to receive all dividends on such excess of stock 
 above two million, two hundred tliousand, five hundred dollars, 
 (#2.200,500,) accruing after the date of this lease precisely as if 
 said stock had been seasonably issued. 
 
 ELEVENTH. 
 
 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 appurtenances 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. 
 
 THIRTEENTH. 
 
 The said Portland & Ogdensburg Railway hereby transfers 
 and assigns to said lessee all its tools, supplies, cash assets, con- 
 tracts, notes, accounts, claims, judgments and other choses in ac- 
 tion, causes of action, appeals and rights of appeal which it has, or 
 is entitled to have, either in its own right or through said Receiver, 
 including any mortgage bonds of said Portland & Ogdensburg Rail- 
 road Company pledged as collateral security ; and it hereby consti- 
 tutes the said lessee its attorney until the determination or for- 
 feiture of this lease, with power in the name of said lessor, but to 
 the use and at the cost of the lessee, to demand, sue for, prose- 
 cute, enforce, satisfy, recover and enjoy all the contracts and 
 other things hereby demised, and in like manner in the name of 
 the said lessor, but at the cost and to the use of the said lessee, to 
 prosecute all causes of action which may hereafter, during the 
 term of this lease accrue to the said Portland & Ogdensburg Rail- 
 way against any person or corporation claiming or acting by or 
 under its authority, or authority from it derived, the proceeds 
 thereof to be applied to the operation and improvement of the 
 demised premises. 
 
 FOURTEENTH. 
 
 It is further agreed by and between said parties, that in or- 
 der to provide the means to pay off existing debts, liens and in- 
 cumbrances on the demised premises, to extend said railroad and
 
 14 
 
 improve said railroad property, the lessor, on the request of the 
 lessee, and at its expense, will issue its mortgage bonds to the 
 amount of not exceeding twenty thousand dollars a mile of 
 completed railroad, each bond to bear the guaranty of said lessee 
 that it will pay such bond and the interest thereon as it becomes 
 due, and will join the lessee in a mortgage of the demised 
 premises to secure said bonds. The avails of said bonds are 
 to be used as follows : 
 
 1 To pay said Receiver's certificates and debts incurred 
 by him, the amounts due trustees as hereinbefore provided and 
 other liens on said demised premises. 
 
 2. To pay the bonds secured by said mortgage dated the 
 first day of November, A. D. 1870, amounting to eight hundred 
 thousand dollars. 
 
 3. Not exceeding three hundred thousand dollars for 
 needed improvements on the demised premises and on new 
 construction. 
 
 4. The remainder, for the construction of such extensions 
 (including branches), or for other permanent improvements as 
 may be, from time to time, constructed or made with the assent 
 of the Directors of the lessor, or after a decision of the Railroad 
 Commissioners that such extension or improvements are necessary 
 and proper to carry out the objects of this indenture according 
 to its true intent and meaning. 
 
 And said parties further agree that bonds of a like charac- 
 ter and amount and secured in the same manner shall from time 
 to time be issued at the request of said lessee and at its expense, 
 to retire any previous issue of bonds herein authorized, or any 
 part thereof not then retired, but said lessee shall pay the inter- 
 est on said bonds issued during said term, as it becomes due.
 
 15 
 
 Provided, however that if this lease shall be determined 
 either by entry of the lessor for breach of condition, or by 
 process of law, both the principal of said bonds and all interest 
 accruing after such termination shall be assumed and paid by 
 the lessor. 
 
 And all improvements made upon the demised premises 
 and all extensions of said railroad, and all additional railroads 
 or parts of railroads that may be constructed by the lessee under 
 the charter of the lessor and in its name, shall at once become 
 and remain a portion of the premises covered by this lease and 
 shall be managed and controlled by the lessee in all respects 
 precisely as if they were a part of the premises originally 
 demised. 
 
 FIFTEENTH. 
 
 The said Portland & Ogdensburg Railway hereby furth er 
 covenants that it will at all times hereafter grant to the said 
 lessee, or its successors, all such access to and inspection of the 
 books, accounts, title deeds, records, files and vouchers of the 
 said lessor as may be necessary to facilitate the operations, and 
 secure the interests of the said lessee under this indenture. 
 
 The lessee keeping and performing all the covenants, agree- 
 ments and conditions herein contained to be performed by it, 
 may, at its own cost and expense, do any act in the name of the 
 lessor which, under the charter of the lessor or the laws of said 
 States of Maine and New Hampshire, must be done in the name 
 of the lessor in the maintenance, operation, improvement or 
 extension of the railroads and railroad property demised by this 
 indenture. 
 
 And the said lessor covenants and agrees that it will make 
 any further assurance or conveyance which, at any time, may be 
 found necessary to secure to said lessee the exercise of its rights, 
 powers and privileges under this indenture according to its true 
 intent and meaning ; and will at the request of said lessee, au- 
 thorize and execute any instrument of conveyance of property 
 which under the terms of this indenture the lessee is authorized
 
 16 
 
 to sell, and any mortgage which is herein authorized to be given : 
 and will do any act required to be done in its corporate capacity 
 which may be necessory to enable the lessee to extend said rail- 
 roads or to exercise any other of the rights, powers and privileges 
 authorized by this indenture or the charter of the lessor or the 
 laws of said States. 
 
 If said lessor shall fail to perform any award made under 
 the sixteenth section of this indenture as provided in said section, 
 it shall be lawful for the lessee to suspend the payment of the 
 rent herein reserved until such award shall be performed. 
 
 SIXTEENTH. 
 
 In case either party to this indenture shall hereafter at any 
 time claim that any of the things herein agreed to be done by 
 the other party are not done, then either party may call upon a 
 Board of three disinterested men to be appointed by the Chief 
 Justice of the Supreme Court of this State, or by the Judge of 
 the United States District Court for the District of Maine, 
 or the United States Circuit Court for the First Circuit, upon 
 notice to the other party, which Board or a majority of them 
 shall hear the parties, and determine the matters at issue, and, 
 if they find thereon against the party against whom claim or 
 complaint is made, shall determine what shall be done by that 
 party and fix a reasonable time for doing the same, and if said 
 party shall neglect for more than ninety days after the time so 
 fixed to perform the award and finding of said board, or a ma- 
 jority thereof, it shall be deemed a failure by such party to keep 
 and perform the covenants and agreements of this indenture by 
 it to be kept and performed. The party against whom said award 
 is made shall pay the expenses of the hearing and determination. 
 Neither the stipulations in article "Ninth" nor this article 
 shall take away or diminish any other rights or remedies at law 
 or in equit3% to enforce the covenants and agreements herein set 
 forth, or to recover damages resulting from the failure of said 
 lessee to fulfill said covenants and agreements, but said stipula- 
 tions are additional to all other remedies at law and in equity.
 
 17 
 
 In testimony whereof, the said Portland & Ogdensburg Rail- 
 way has caused these presents to be subscribed by Samuel J. 
 Anderson, the President thereof duly authorized, and counter- 
 signed by its Treasurer and its corporate seal affixed, and the 
 said Maine Central Railroad Company has caused these presents 
 to be subscribed by Arthur Sdwall, its President hereunto duly 
 authorized, and countersigned by its Treasurer and its corporate 
 seal to be hereunto affixed the day and year first above written. 
 
 The Portland & Ogdensburg Railway, 
 
 By SAM. J. ANDERSON, 
 
 President. 
 
 Countersigned by 
 
 JNO. W. DANA, 
 
 rr. ^ L. S. 
 
 Treasurer, 
 Portland & Ogdensburg Railway. 
 
 The Maine Central Railroad Company, 
 By ARTHUR SEWALL, 
 
 President. 
 
 Countersigned by 
 
 J. A. LINSCOTT, 
 
 ^ ^ l. s. 
 
 Treasurer, 
 
 Maine Central Railroad Company. 
 
 Signed, sealed and delivered 
 in presence of 
 
 JOSIAH H. DRUMMOND, 
 DAVID W. SNOW.
 
 18 
 
 STATE OF MAINE 
 Cumberland, ss. August 20, 1888. 
 
 Then personally appeared Samuel J. Anderson, in his capacity 
 of President of the Portland & Ogdensburg Railway, and acknowl- 
 edged the foregoing instrument by him subscribed to be the free 
 act and deed of said corporation. 
 
 Before me, 
 
 JOSIAH H. DRUMMOND, 
 
 Justice of the Peace. 
 
 STATE OF MAINE. 
 
 CUMBERLA.ND, SS. AUGUST 20, 1888. 
 
 Then personally appeared Arthur Sewall, in his capacity of 
 President of the Maine Central Railroad Company, and acknowl- 
 edged the foregoing instrument by him subscribed to be the free 
 act and deed of said corporation. 
 
 Before me, 
 
 JOSIAH H. DRUMMOND, 
 
 Justice of the Peace. 
 
 Ratified and confirmed by the Portland & Ogdensburg Rail- 
 way, August 22d, 1888. 
 
 Ratified and confirmed by the Maine Central Railroad Com- 
 pany, August 23d, 1888. 
 
 Attest : 
 
 JOSIAH H. DRUMMOND, 
 
 Clerk M. C. R. R. Co.
 
 
 UNIVERSITY OF ILLINOIS-URBANA 
 
 3 0112 063176124 
 
 ^