n of passenger and freight trains, including telegraph
wires and the various wires and cables for the distribution of
power, heat, and light.

_Second._--The requirement of the consent of the Mayor, the Board of
Aldermen, the Board of Estimate and Apportionment, and the other
authorities of the city having control of the streets.

_Third._--The obligation of the Pennsylvania Company to begin
construction within three months after obtaining the necessary consents
and complete the railroad within five years after construction shall
begin, except the route under Thirty-first Street, for the completion of
which the company is allowed ten years after the completion of the
remainder of the railroad.

_Fourth._--Payments by the Pennsylvania Company for the first
twenty-five years, as follows: A rental of $200 per annum for the right
to occupy land under the Hudson and East Rivers outside of pier lines. A
rental for ground within pier lines and for underground portions of
streets in Manhattan Borough, at fifty cents per linear foot of single
track per annum, for the first ten years, and during the next fifteen
years one dollar per annum per linear foot. A rental for ground within
pier lines and for underground portions of streets in Queens Borough at
one-half the rates payable for Manhattan Borough. A rental for
underground portions of Thirty-first and Thirty-third Streets, between
Seventh and Eighth Avenues, and between Eighth and Ninth Avenues (such
portions extending almost up to the surface, except under the south
sidewalk of Thirty-first Street and north sidewalk of Thirty-third
Street) at $14,000 per annum for the first ten years, and at $28,000 per
annum for the next fifteen years.

For the portions of Thirty-second Street, between Seventh and Eighth
Avenues, and between Eighth and Ninth Avenues, when the statutory power
of the city to make a sale shall be put beyond doubt, the city is to
sell and the Railroad Company is required to buy such portions for the
sum of $788,600. The rentals for river and track rights begin at the
date of operation. For the underground spaces under Thirty-first and
Thirty-third Streets, used for station extension, the rentals begin at
the commencement of construction, or when the company entered thereon.

Such annual payments may be summarized as follows:

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