The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-07-28
Pu6ic Sale Of the Monroe Railroad and
Banking Company.

Pu6ir Sale Of the Monroe Railroad and
Banking Company.
Bib county. ton to the Monroe Railroad and
Banking Company.
NM Z, the jury, find and decree, that the Monroe
w railroad from Macon to its terminus at Mar
lhasyllle, in the county Of DeKalb, both the part
thereof which has been completed and in operation,
sho 'he part thereof which is in an unfinished
uition, and all the property, equipments, and effects
therewllh connected, is subject TO the payment Of
lhe deots OF the Monroe Railroad and Banking COM
y unable To pay its debts aforesaid. and from liz en-
barrassments, Is unable to complete said road and
keep the same IN operation as to answer the great
public objects contemplated by the legislature we
further lind that there are creditors Of various de-
scrptions Of said company, WIZ 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, ard materials for said
railroad, and creditors claiming TO be mortgage cred-
tors Of said company, and all other creditors not
here enumerated; and that there are 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 cf-
,ects herewith connected, and all the property be-
longing 10 said company, and all the rights, privi-
leges, and franchises, in any manner Belonging or
aPpertainlng to said Monroe Railroad and Banking
company, be sold at public sale at the courthouse in
the county OF Bibb, by David c. Campbell, Abner
r. towers, James A. Nisbet, Samuel B. Hunter,
and Thomas Hardcman, commissioners or a maio
rty of them, on the first Tuesday in August next.
after giving two months public notice in the ga
zcttes OF Macon, Griffin, and Savannah, and that
the proceeds Of said sale be- paid the clerk of this
court, who is required to deposit tho 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 COM
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 10 matters of
sct-of and whether they be subject to objection on
Of the statute of limitation, non performance
of contracts or other cause, embracing the quantum
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 ad-
Indicated; and further decree that the purchasers
of sand railroad succeed to all the obligations of said
company in respect to the completing, cquipping
and keeping the said road in operation 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 or notice, the stockholders in said com
pany transfer to the purchaser the stock held by
him. her, or them, in the said company, or 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
f ; 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-
ceeds of the sale aforesaid; and further Decree
that William b. Parker, as trustee in charge of said
road and appurenances until the sale of the afore-
said property is completed, make monthly returns
of the amount of receipts thereon, and file the
with the clerk of THIS court and also Of accounts for
keeping the same in repair and operotion, exhibits
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 X
JAMES DEAN, Foreman.
A true extract from the minutes of Bibb Superior
HENRY G. ROSS, Clerk.
BY virtue of the above decree, the undersigned
will sell before the courthouse door, 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 20 Marthasvie, in the county of De-
Kab, and all the property, equipments and effects
Herewith connected, and all the property belonging
said company, and all the rights privileges, and
CnlSeS III any manner OF dpportdlning
to said Monroe Railroad md Banking company,
embracing not only the road but tho various depots,
workshops, warehouses, engines, cars Iron tools,
equipments and all and everything appertainng and
belonging TO said road.
Also the entire assets belonging to said Monroe
Railroad and Banking company, embracing sub
scriptions for stock unpaid, including the subscrp-
ton Of the State of Georgia for $500, 900, and all
debts, demands, and claims of every kind and de-
scription, due to or belonging to said Monroe Rail-
road and Banking company, full schedule
which.nay be seen on application to M. l.. Gray
bill, a, 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 superstructnre has
been completed on the whole road, except four and
a half miles. The road is in use to Jonesborough,
eighty miles, and is equipped with five locomotive
wheels and axles for eight other freight cars, and
one stationary engine. The terms of sale cash, TO
be paid Immediately to the commissioners; and OH
failure of purchasers TO comply, so much Of tho
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 Jefersonian 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. NlSBET, Commissioners
SAMUEL B. HUNTER,
TTIOS. HARDEMAN. j
Macon, Ga, May 26, l645.
June l6--tds
GREAT ATTRACTION!
AT THE BALTIMORE CASH STORE.