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02-08-2012 Council Agenda
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02-08-2012 Council Agenda
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SECTION 6. Upon completion of this project, the ROAD AUTHORITY shall maintain <br />the roadway and crossing approaches up to the ends of the track ties at its expense. The <br />COMPANY shall operate and maintain its track, the crossing over its ties and the <br />crossing warning devices in accordance with Federal or State law as it shall be from time <br />to time in the future while it operates its line of railroad over such trackage and crossing, <br />but this obligation to maintain said crossing and warning devices shall cease in the event <br />the COMPANY abandons its railroad operations over said track in the future, in which <br />event the ROAD AUTI-IORITY may, if it desires, remove the trackage and restore and <br />maintain the crossing at its sole cost and expense. <br />SECTION 7. This Agreement shall be binding upon the parties hereto, their successors <br />or assigns. <br />IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed <br />in duplicate counterparts, each of which shall be considered as an original, by their duly <br />authorized officers, as of the dates below indicated. <br />IN WITNESS WHEREOF, the parties hereto have caused this agreement to be duly <br />executed. <br />ACCEPTED: , 2012 APPROVED: , 2012 <br />CITY of LITTLE CANADA SOO LINE RAILROAD COMPANY <br />By: By: <br />Curt M .Whelan <br />Director Project Services - US <br />Attest: Attest: <br />Date: , 2012 Date: , 2012 <br />4 <br />
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