| First 10 | Next 15 |
| | years. | years. |
|-----------------------------------------------+------------+------------+
|For river rights | $200.00 | $200.00 |
|For tunnel rights in Manhattan Borough, being | | |
| 44,341 ft. (partly estimated) of single track | 22,170.00 | 44,341.00 |
|For tunnel rights in Queens Borough, being | | |
| 8,100 ft. (partly estimated) of single track | 2,025.00 | 4,050.00 |
|For street rights on Thirty-first and | | |
| Thirty-third Streets, north and south of | | |
| terminal | 14,000.00 | 28,000.00 |
+-----------------------------------------------+------------+------------+
| In all, per annum | $38,395.00 | $76,591.00 |
+===============================================+============+============+

If the route under Thirty-first Street be availed of, these amounts will
be increased by $16,652.50 for the first ten years, and by $33,305 for
the next fifteen years.

The amounts to be paid are to be readjusted at the end of twenty-five
years; and thereafter at intervals of twenty-five years. If the city and
the Railroad Company shall not agree upon the readjusted rates, they are
to be determined by the Supreme Court of this State.

_Fifth._--The railroad to be entirely in tunnel except where it
approaches the surface at its eastern terminal near Thomson Avenue, in
Queens Borough. The uppermost part of the tunnel is to be at least
nineteen feet below the surface of the street; but this limitation does
not apply to the portions of Thirty-first and Thirty-third Streets
opposite the terminal station between Seventh and Ninth Avenues, where
the Company may occupy the underground portions of the street under the
roadway to within thirty inches of the surface, and under the sidewalks
on Thirty-first and Thirty-third Streets opposite to the station to
within five feet of the surface, the company to properly care for
sewers, water, gas and other pipes and underground structures lawfully
in the street.

_Sixth._--The company to make good all damage done to property of the
city by its construction work or operations, and to abutting owners all
damage done through any fault or negligence of the company, or of any
contractor or