The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-07-02

Public Sale of the Monroe Railroad and
Banking Company.
i GEoRcrA, Decree of the Special Jury in rela-
! Bbb county ton to the Monroe Railroad and
Banking Company.
j VXTE, the jury, find and decree, that the Monroe
/ wv railroad from Macon TO its terminus at Mar
thasvle, in the county of DeKalb, both the part
thereof which has been completed and in operation,
and the part thereof which is in an unfinished con-
diuon, and all the property, equipments, and effects
Herewith connected. is subject to the payment Of
the debts of the Monroe Railroad and Banking COM
Ipany--that The said company is insolvent and who'll
ly unable pay its debts aforesaid, and from its en-
barrassments, is unable 10 complete said road, and
keep the in operation, to the great
public objects contemplated by the legislature. We
further find that there creditors Of various de-
scrpons Of said company, viz: holders of the bank
notes issued by said company, holders of bonds is
sued for work and materials for said road, judgment
creditors, creditors holding certificates Of deposit,
demands for work, labor, and materials, for said
railroad and creditors claiming to be mortgage cred
tors OF said company, and ell other creditors not
here enumerated; and TINT there among them
creditors claiming priority of right in respect to
their demands: and further decree that the said
railroad, and all the property, equipments, and eff
fects, Herewith connected, and all the property be-
longing to said company, and all the rights, priv-
leges, and franchises, in any manner belonging or
company, be sold at public sale at the courthouse in
the county of Bibb, by David G. Campbell Abner
p. Powers, James A. Nisbet Samuel B. Hunter,
and Thomas Hardeman, commissioners, or a maio
rty of them, on the first Tuesday in August next
after giving two months public notice in the ga
zettes OF Macon, Griffin, and Savannah, and that
the proceeds of said sale be paid to the clerk ofthis
court, who is required to deposit the same for safe
keeping OH special deposit in the agency Of the
Mechanics Bank in the city Of Macon, and that
public notice be given to the creditors of said
pany TO file their respective claims, or schedule
thereof in the clerks Office of this court, by the
first Monday in October next and that the said
creditors, if any controversy should arise respecting
said claims, then litgate among themselves in re-
spect to all objections which would or might have
been available against them by said company if said
sale had not been made in relation to matters Of
set-of, and whether they be subject to objection
account of the statute of Imitation non-performance
of contracts, or other cause embracing the quantum
of consideration paid for the claims or any of them
and also that the liens claimed by the respective
creditors be then and there also investigated and adj
judcated and we further decree that the purchasers
of SAID railroad succeed to all the obligations of said
company in respect TO the completing, equipping
and keeping the said road in operation as intended
and designed by the act of incorporation, but not to
extend to liability of debts contracted prior to
said sale; and that, after said sale, upon de-
mand notice, the stockholders in said como
pany transfer to the purchaser the stock held by
him, her, them, in the said company, that the
title be transferred by said commissioners in the
same manner as is provided by law for the transfer
of bank stock when sale thereof is made by the sher
if and we further decree, that for the keeping of
said road in operation for the time intervening be-
tween the day of the passing of this decree and the
day of sale, the receipts the said road be applied
and that if said receipts should not be sufficient for
said purpose, the balance be paid from the pro-
cecds of the sale aforesaid; and we further Decree
al. z~c.
road and appurtenances until the sale of the afore-
said property is completed, make monthly returns
of the amount of receipts thereon and file the same
with the clerk of this court and also of accounts for
keeping the same in repair and operation, exhibit
ing specific statement in each Of the number and
description of officers, agents, and hands employed
thereon; the value of the hTc of each per month";
and the quantity, quality and value of materials
purchased, subject to the examination and approval
Of the court; and the costs and other expenses be
paid from the proceeds Of sale.
| JAMES DEAN, Foreman.
A true extract from the minutes of Bib Superior
Court, May term, 1S45.
| HENRY G. ROSS, Clerk.
| BY virtue Of the above decree, the undersigned
will sell before the courthouse door, in the city Of
Macon, on the first Tuesday in August next, at IL
o'clock M, the whole line of the Monroe railroad
from Macon to Marthasville, in the county of De-
kab and all the property, equipments, and effects
herewith connected, and all the property belonging
to said company and all the rights, privileges, and
franchises in any manner belonging or appertaining
to said Monroe Railroad and Banking company,
embracing not only the road but the various depots,
workshops, warehouses; engines, cars, iron, tools,
equipments and all and everything appertaning and
| belonging to said road.
| Also the entire assets belonging to said Monroe
Railroad and Banking company, embracing sub
scriptioDs for stock unpaid, including the subscrip
ton of the State of Georgia for 5000 000 and all
debts, demands, and claims of every kind and.de-
road and Banking company, a full schedule
which may be seen on application to M. l.. Gray
bill, at the office of said company.
The length Of the road is l0l miles, the whole Of
which is graded to its junction with the Western
and Atlantic Railroad. The superstructurc has
been completed on the whole road, except four and
| half miles. The road is in use to Jonesborough,
eighty miles, and is equipped with five locomotive
engines, three passenger cars eighteen freight cars,
wheels and axcs for eight other freight cars, and
one stationary engine. The terms of sale cash, to
be paid Immediately to the commissioners; and on
failure of purchasers TO comply, so much of the
property as may be bid off by such dcfaultng pur-
chasers, will be forthwith resoId at their risk.
| The Savannah Georgian and Republican, and
the Georgia Jefersonan, will please copy the fore
going weekly until the day of sale, ond render their
accounts to the commissioners.
| DAVID C. CAMPBELL,1
ABNER p. POWERS,
JAMES A. INSECT, Commissioners.
SAMUEL b. HUNTER,
THOS. HARDEMAN.
| Macon, Ga, May 26, l845.
| June I6--tds
PROTECTION INSURANCE COMPANY.
| q HYATT, Agent for the Protection Insurance
| y. Company of Hartford, Connecticut, offers TO