+===============================================+======

===================+
|                                               |  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 sub-contractor engaged upon its work of construction or operation.  The Tunnel Company to keep Thirty-first and Thirty-third Streets opposite the station well paved with smooth pavement and in thoroughly good condition.