The North-Carolina standard., 1845-11-05
RALEIGH & GASTON RAIL ROAD
r-H FOR SALE

AN Monday, the 29th day of December next, by vir
" tue ofa Decree of the Court of Equity for Wake
County, at its Autumn Session, 1916, in suit of the
Governor for OF the State ofNorth Carolina to fore
close Mortgage. heretofore executed by the Raleigh
and CASTOR Rail Road Company to indemnify the State
against certain liabilities for said Company, will sell
at Public Auction at TIE Court House dnor in the City
Raleigh, to the highest bidder, the whole property o
the Raleigh and CASTOR Rail Road Company aforesaid,
$50 far as the same is known to me consisting of 81
miles of Rail Road reaching from the City of Raleigh 10
CASTOR, the North side of the Roanoke River the
direct line of public conveyance Petersburg, City
Point, Richmond Washington City, Baltimore &c. sc.
together with all Bridges Depots Workshops and Tools
Warehouses, Water Stations, Engines, Cars sc &c.
Also, the stock Of Iron Lumber and Fire Wood which
may then be hand and all other articles owned and
used by said Company for keeping up said Rail Road.
and transportation the From the of the
property, it will be sold en- mdsSe. ..
The purchasers, by the terms of the Decree and the
Act OF the Legislature in relation TO it, will become pSO
fdctO body corporate. by the and style of the
present Company and will acquire all the franchises,
privileges, rights and immunes possessed by it,
for the term of 80 years, which its Charter has yet
These franchises and privileges of the advan-
tageous kind to the Company, and may be found large
in their Charter, contained in the I'd volume of the Re-
Vsed Statutes of North Carolina, page 299 which is
be seen at the Seat of Government. and in most of the
Public Libraries of the States ofthe Union. .....
The whole purchase money must bear interest, at the
rate OF per cent per annu, from the day of sae and
be paid follows 10 wit: $25, 900 the end of six
months and the residue in four nsalments al intervals
of ten months each-say
lst, 29th June, 1916, S25 900.
End, 29th April, I847, one fouth of the remainder.
Sd, 29th February, 1913, one fourth of do
4th, the 29th of December 1913, fourth OF do.
5th, the 29th of October, 1s49, one fourth of do.
The cost OF this Rail Road and its appurtenances COM
peted only five years since, 81 800 600 hall
of which was borrowed creatinga debt bearing inter-
est, on failure TO pay which, sale has become
ry. The grading, Bridges, Depots &c. executed in
an excellent style of workmanship. Cars run daily
over it, carrying the Mail of the United States, Git
being part of the Southern Metropolitan route at
compensation of 800 per mile, or IS 700 per annum
And, raversng fertile region of country through
y its whole length, its freighs for the transportation of
Produce and Merchandise independently OF the receipts
from Passengers afford considerable addition to the
ordinary sources of profits Rail Roads eThough not
now, yielding profit the large expended in its
construction, its income has been increasing
time past, and it is confidently believed thai it would
produce reasonable return upon more moderate a.
mount of capital invested in its purchase '. .'
The Sale will be made acihoalt reserre at the time
and place aforesaid at which those inclined purchase
are respectfully invited to attend.
The purchase money must be secured by bond with
approved surees The title will be retained as furh
er security until the payment of the purchase money
but possession given Immediately. ~ .9~'
'-. - CHARLES L. HINTON,
Public Treasurer fthe State of North Carolina
and SPECIAL Commissioner of the Court Of Equity in
this cause. &..' ."t '4 .f @-i''f l
Raleigh, NJ C. October 6, 1876 571-st