LOUISVILLE  NASHVILLE RAILROAD CO.



nine years from completion of same, at a yearly rental of
65,000. This contract was rejected at the annual meet-
ing in 1884, but in July, 1889, without the approval of
the stockholders, another agreement was signed with the
Kentucky  Indiana Bridge Company, and immediately
thereafter the executive officers discontinued the use of
the Louisville Bridge, sending all their trains into Louis-
ville over the Kentucky  Indiana bridge, thereby sub-
jecting the company to charges for the use of both bridges.
This action of the directors produced the most unfriendly
relations with the Pennsylvania and the Louisville 
Nashville, the latter refusing to interchange traffic with
this road.
   Under date of March 1, 1889, the directors took a
thirty-year lease of the Louisville Southern Railroad
from Louisville to Burgin, Kentucky, 83 miles, and that
lease was ratified by the stockholders of both companies.
Another contract made with the same company October
19, 1889, for the lease of the Lexington Extension for
thirty years from January 1, 1890, was entered into
without the consent of the stockholders, as was also one
made October 9, 1889, with the Ohio Valley Improve-
ment  Contract Company (a construction company
having the contract to build the Richmond, Nicholasville,
Irvine  Beattyville Railroad from Versailles to Beatty-
ville, Kentucky, 94 miles), by which the directors agreed
to guarantee principal and interest of 2,300,000 bonds
to be issued upon the Beattyville road, in consideration of
which they were to receive three fourths of the stock of
the Richmond, Nicholasville, Irvine  Beattyville Rail-
road Company.



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