St. Joseph Union Depot Co. v. Chicago, Rock Island & Pacific Railway Co.

31 S.W. 908, 131 Mo. 291, 1895 Mo. LEXIS 79
CourtSupreme Court of Missouri
DecidedNovember 26, 1895
StatusPublished
Cited by19 cases

This text of 31 S.W. 908 (St. Joseph Union Depot Co. v. Chicago, Rock Island & Pacific Railway Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
St. Joseph Union Depot Co. v. Chicago, Rock Island & Pacific Railway Co., 31 S.W. 908, 131 Mo. 291, 1895 Mo. LEXIS 79 (Mo. 1895).

Opinion

Brace, P. J.

This is an appeal from a judgment of the circuit court of Buchanan county in favor of the St. Joseph Union Depot Company, plaintiff, against the Chicago, Rock Island & Pacific Railway Company, defendant, for the sum of $7,767.76.

On the tenth day of April, 1888, the plaintiff, party of the first part, and the Chicago, Kansas and Nebraska Railway Company, party of the second part, entered into the following contract in writing:

“Whereas, The party of the first part has become incorporated and organized under the laws of the state of Missouri for the purpose of erecting, maintaining, and operating a union passenger depot in said city, and has erected upon a site chosen by said party of the first part a union depot; and
“Whereas, The said party of the second part desires to rent and occupy the same; and
“Whereas, For the protection of the parties hereto, it is important that the rights, duties, and liabilities of each in regard to the whole subject-matter of said depot, its appurtenances, use, care, control, rental, taxes, expenses, renewals, and repairs shall be stated and defined:
“Now, Therefore, In consideration of the premises, it is mutually agreed by and between the parties hereto as follows:
“First. Said party of the second part hereby agrees to pay to the said party of the first part, for the' use of said depot, an annual rental amounting to its proportion of fifteeen thousand dollars; said sum being interest at ten per centum per annum upon the original bonded indebtedness of said party of the first part, amounting to one hundred and fifty thousand ($150,-[297]*297000) dollars; said proportion being found by dividing said sum of fifteen thousand ($15,000) equally to and between all the railroad companies using said union depot from time to time during the life of this contract; and in addition thereto, its proportion of the expenses of maintaining and operating said union depot, and of all repairs thereto, and all taxes thereon, said proportion being ascertained in like manner as proportion of rental as above set forth:
“Provided, That all rentals for the use of said depot and appurtenances derived from railroad companies not parties to contract with said first party, similar hereto, and all rentals and receipts for use of said depot and appurtenances from any source whatever, shall be applied as a credit upon and in reduction of the amount so as aforesaid to be paid as a rental by the several railroad companies using said union depot under contract with the said first party.
“Second. The amount of rental to be paid by any other railroad company not party to a contract with said first party, for use of said depot or appurtenances, shall be fixed by the board of directors of the party of the first part.
“Third. The said party of the second part shall be assessed by the said party of the first part monthly, for its proportion of said rental and of said expenses in maintaining and operating said depot, and shall pay the same no later than the twenty-fifth day of the month succeeding that for which such- assessment is made; such payments shall be made by drafts drawn by the treasurer of the said party of the first part, and any failure on the part of said party of the second part to pay its assessment as aforesaid, at the option of the said party of the first part, shall be deemed a forfeiture of the right of said second party to the use of said depot.
[298]*298“Fourth. The management of the depot, so far as relates to passenger service therein, and upon the grounds belonging thereto, shall be in charge of such officers and employees as shall from time to time be thought necessary and expedient by said party of the first part, and who shall be appointed and employed by said party of the first part for such purposes.
“Fifth. The union depot shall be used by said second party for all its passenger trains destined for, or departing from, St. Joseph.
“Sixth. The said-party of the first part shall at all times keep and maintain said depot, its grounds, yards, tracks, switches, and all appurtenances in good order and repair; and shall protect its depot buildings and improvements by adequate insurance against loss by fire; and the cost of such insurance shall be considered a part of the current expense of maintaining and operating said depot.
“Seventh. Payments, as herein provided, shall commence from the date when said second party commenced to use said union depot.
“Eighth. It is further agreed that the several covenants, conditions, and stipulations herein contained shall be mutually binding upon the respective parties hereto, their successors and assigns, for the term of fifty (50) years from and after the time when said depot was completed and ready for use and occupation, as aforesaid, unless this agreement shall be sooner determined by reason of any of the provisions hereinbefore or hereinafter contained.
“Ninth. * * * * *a

' On the same day the plaintiff and the St. Joseph & Iowa Railroad Company entered into a like separate and independent contract upon precisely the same terms.

Prior to the making of these contracts, to wit, on [299]*299the fourteenth of May, 1886, the Chicago, Kansas & Nebraska Railway Company had mortgaged its entire property, corporate rights, and franchises by deed of trust in usual form conveying the same to the Metropolitan Trust Company of New York to secure bonds of the company, and on the next day thereafter, to wit, on the fifteenth of May, 1886, had leased its entire road and equipment, constructed and acquired, and to be constructed and acquired, to the St. Joseph & Iowa Railroad Company, for the term of nine hundred and ninety-nine years. By the terms of this lease the Kansas company was to complete its road and to turn it over to the Iowa company as fast as completed, free from all liens and incumbrances, except the mortgage mentioned above, the interest on which the Kansas company was to pay. In consideration of this lease the Iowa company agreed to pay to the Kansas company a sum equal to thirty per centum of the gross earnings which should be realized by it during the year for which such rental should become payable from the operation of all the railroads included in the lease.

After the making of said contracts between the plaintiff and the Chicago, Kansas & Nebraska Railway Company and the St. Joseph & Iowa Railroad Company, to wit, on the twenty-ninth of December, 1888, the St. Joseph & Iowa Company sold and conveyed by warranty deed its railway, together with all its rights, privileges and franchises, including its said lease of the railway of the Chicago, Kansas & Nebraska Company, to the defendant, and afterward, to wit, on the thirtieth day of April, 1891, the defendant by deed of that date, executed in pursuance of a sale made under a decree of foreclosure of said deed of trust to the Metropolitan Trust Company, acquired all the property, real, personal and mixed, of the Chicago, Kansas & Nebraska Company, together with all its rights, privileges and franchises.

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Bluebook (online)
31 S.W. 908, 131 Mo. 291, 1895 Mo. LEXIS 79, Counsel Stack Legal Research, https://law.counselstack.com/opinion/st-joseph-union-depot-co-v-chicago-rock-island-pacific-railway-co-mo-1895.