The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-07-23
'ubhc Sale Of the Monroe Railroad ana
Banking COMPANY.

Pubic Sale of the Monroe Railroad and
Banking Company.
GEoHcIA, Decree of the Special Jury in rela.
Bib county. ton to the Monroe Railroad and
\ Banking Company
UTE, the jury, find and decree, that the Monroe
w railroad from Macon to IFS terminus at Mar
thasve, in the county of Dekalb, both the part
thereof which has been completed and in operation,
and the part thereof which is in unfinished con-
diton, and all the property equipments, and effects
therewith connected is subject to the payment of
the debts of the Monroe Railroad and Banking COM
pany-that :he said company ia insolvent and who'll
y unable to pay its debts aforesaid, and from its
barrassnients, is unable to complete said road, and
keep the same in operation TO answer the great
public objects contemplated by the legislature. We
further find that there creditors of various de-
scrptlons 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 credi-
tors Of said company, and all other creditors not
here enumerated; and that there are among them
creditors claiming priority of right in respect 10
their demHnds and we further decree that the said
railroad, and air the property, equipments, and eff
iecs, Herewith coDnected and all the property be-
longing to said company, and all the rights, privi-
leges, and franchises. in any manner belonging or
appertaining to said Monroe Railroad and Banking
company, be sold at public sale at the courthouse in
the county Of Bib, by David G.. Campbell Abner
p Powers, James A. Nisbet, Samuel b. Hunter,
and Thomas Hardeman, commissioners, or majoss
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 the clerk of this
court, who is required to deposit the for safe
keeping on special deposit in the agency of the
Mechanics Bank, in the city of Macon, and that
h. tl, &c IA
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 litigate 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-off and whether they be subject to objection on
account of the statute of Imitation performance
OF contracts or other cause, embracing the qantum
Of consideration paid for the claims any of them;
and also that the liens claimed by the respective
creditors be then and there also investigated and adj
judicated and further decree that the purchasers
of sand railroad succeed to all the obligations of said
company in respect TO the completing, equipping
md 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 com
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 further decree, that for the keeping of
said road in operation for the time intervening be-
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-
ceeds of the sale aforesaid; and we further decree,
that William B. Parker, as trustee in charge Of said
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 hire 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 Bibb Superior
Court, May term, ls45.
HENRY G. ROSS, Clerk.
Bv 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 II
o'clock M, the whole line of the Monroe railroad
from Macon to Marthasvile, in the county of De-
Kalb, and all the properly, equipments, and effects
10 said company, and all the rights, privileges, and
franchises in any manner belonging or appertaining
to said Monroe Railroad and Ranking company,
embracing only the road, but the various depots,
workshops, warehouses, engines, cars, iron tools,
equipments and all and every thing appertaining and
belonging TO said road
Also the entire assets belonging to said Monroe
Railroad and Banking company, embracing sub
scrptions for stock unpaid, including the subscrip-
ton Of the State Of Georgia for 5000 600, and all
debts, demands, and claims of every kind and de-
scription due to or belonging TO said Monroe Rail-
road and Banking company, a full schedule
which may be seen on application to NJ l.. Gray
BILL at the Office of said company.
The length of the road is 10l miles, the whole Of
which is graded to its junction with the Weste'
and Atlantic Railroad. The superstructnre 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 axes 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 defaulting pur-
chasers, will be forthwith resold 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,
ABNER p. POWERS,
JAMES A. N!SBET, Commissioners
SAMUEL B. HUNTER,
THOS. HARDEMAN.
Macon, Ga, May 26, ls45
June i6-tds
PATENT OFFICE.
nN the petition of William Carlock, of the city
IN of New York praying FOR the extension OF q