The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1846-07-30
SALE OF THE
PORTSMOUTH & ROANOKE
g RAIL ROAD
BY PUBLIC AUCTION.

-
The Stockholders of the Portsmouth and Roanoke
Rail Road Company, having at a special mcctinp
convened in the Town of Portsmouth on the IOth
day of April last. given their 10 sale of the
Act directing The Board Of Public Forks 10 sell fbe
Portsmouth and Roanoke Rail Road and inco,pora-
Ting The purchasers Thereof By The name Of he Seatoard
and Portsmouth Rail ROAD, ''-pa.s,o Fcbruarv o. h
1876 copy of which is hereto subjoined ,-Public
Notice is hereby given to al whom IL NAV concern
that the President and Directors Of the Board of
Public Works will. by their agent nroceed on
FRIDAY, the 4tb day of September next Mt -
O'clock, before the Court House OF No, folk conntv
in the Town OF Portsmouth, tn sell by public auc.
ton, on the terms limitations, aud provisions .et
forth in said act all the estate. property and 81
fecis Of every nature and kind whatsoever and
wheresoever situated Or being, embraced bv the
mortgages executed by the Portsmouth and Ro-
anoke Rail Road Company to the President and
Directors of the Board Of Public Works., porticu.
lary specified in the said act.
Such title only will be conveyed to the purcbo go,
as the Commonwealth has To- the said road, proper
by ORDER oFTHE PRESIDENT & DIRECTORS
Of The Board of Public UIorks:
j. BROWN, Jr., I'd Audito.
MEMO The portion Of this road which Ii in
North Carolina is claimed adversely to the mort
cages of the Board of Public Works, by persons
who profess to hold il under the Laws Of North Caro-
lima. IL is tn be understood that the title to such
portion is to be adjudcated according to the laws
and by the Courts of that State. and must be taken
at the purchasers own hazard
J. p. Jr., I'd Aud.
"a huultor's OHlcc, July Sd 1916.
The following is copy of the act referred to in
the foregoing notice:
CHAR. llS.-An ACT directing INC Boar,l Of Pub.
lie Works to sell the Portsmouth and Roanoke
Railroad. and Incorporating the purchasers there
OF by the name Of tse Scaboard and Portsmouth
Rail Road.
Passed February 81. 1916
Be ii enacted. That so soon as ,h,. stockholders
OF the " Portsmouth, and Rua uokc Rail Road Conn
pany, or majority t~crcof, IN any general meet
ing, or spcciai "eting convened for such purpose
shaiI give thcir assent to sale of the Portsmouth
and Roanoke Rail Road, under the mort CAGES and
ON the terms and conditions hereinafter set forth
inc PRESIDENT and Directors of the Board OF Public
"rHs snail sell all the estate, property and effects
"l every nature and kind whatsoever aud wherrso.
ever situated or being, embraced by the mortga pcs
executed by the Portsmouth and Roanoke Rail
hoam commonly to tho President and Directors of
the Board of Public Works aforesaid; the first da
ted the fourth day cf May. eighteen hundred and
thrtv-eight, recorded in the Clerks Office of Nor
foIk county Court. aud the second dated the four
tccnih day of October, eighteen hundred and thir
~ nine recorded in tho Countv.Court of Halifax
IN the State of North Carolina, together with ali
the franchises, rights, privileges and immunities
hclonGing or appcrtaining to the Portsmouth and
ROANOKE kail Road Company. a we'll in Virginia
MS In North Carolina, upon the following terms
the sale to be at public auction before the Court
House of Norfolk County in the town of Ports
mouth, alter sixty days notice the time nd place
oy advertisement in such newspapers as the Prcsi.
dent and Directors of the Board of Public Works
may select, the purchasers to give bonds with APP
president and If
the Board OF Public Works. for the proceeds paw
able in six equal annual instruments The Dur
chascrs ,pyotacto by the purchase, shall become
body poiic aud corporate, by tho name and styIc
of 90 The Seaboa rd and Roanoke Rail Road Comma
nv;' and shall hold, use, enjoy and employ the
Road aud ali the other properly and effects of eve
nv nature and kind, aforesaid, Of the present
Company, with all the franchises rights privilroes
and immnnites granted to and conferred upon il
at any timc heretofore by this State and the Sta to
OF North Carnlinn. in as ample manner as tho le
glslature Of this State transfer them subi.ct
in all respccis, aud in every thing to ali tho dn
ties regula tons and penalties required prescribed
and enjoyed by any law laws now in force re-
spnctng the present Company, and subject 10 tho
provisions of the Act OF the General Assembly on
,tled " an Act prescribing certain general regu
lauons Tor the incorporation of Railroad Comma
Mes passed March eleventh. eighteen hundred
and thirty The said sale TO be subject To al
mortgages and deeds OF true, executed nv the
Portsmouth and Roanoke Rail Road Company and
the claims OF any other creditors legally entitled tn
priority over the mortgages aforesaid to the Prcs
dent and Directors of the Board of Pnb;c W.T..
Aforesaid.
3 That the nett proceeds of said sale shall be an
piled, under the direction of the Superior Court of
Chancery for the Richmond circuit in the sui nov
pending in said Court between Francis f Rive.
and the Board of Public Works and others accord |
ing to the legal prIorites Of the claims of the Board
OF Public Works under the said mortgages of Nav
the fourth eighteen hundred and thirty ght md
October the fourteenth eighteen hundred and thir.
tv-nlne and OF the claims Of other creditors OF
the Portsmouth and Roanoke Rail Road Comnanv
who shall in said snit establish their rirht to a rri
ority over the said claim OF the Board of Public
works. And ii any suit suits in chancery be
now pendlng, or shall he hcrca fer brought in any
OF the other Circuit Superior Courts of Law md
Chanccry, or in any of the County Courts OF this
comnonw ealth, against the Portsmouth and Roa.
noke Ra'l Road Company, in which the President
and Directors of the Board of Public Works arc or
may be necessary party, the same shall be trans
lcrred oY the Court in which such suit may he
pending, 10 the Superior Court of Chanccry fer the
Ric nOnd CIrcuit. to be there proceeded in ana do
dGd Prorided ho,cepT, That any party to any
such SUIT or suits, who may think himself or tbem-
selves gg'icve by any decree of said Court shall
be entitled to apply for, and if proper 10 Obtain a
snpHSedens from the court of npIoals to such de-
cree precisely as in any other decided by the
aat 'lrcnit superior Court OF Chauccry for tho
Richmond circuit "
3. The corporate existence tho Portsmouth and
ROANOKE Kan Road Company. notwithstanding any
sac mat may he made under this act shall be con
unuci so far rs il may be necessary in it's name I'm
conduct, or to institute and carry on anv suit mr.
SUITS to It's or their final completion and satisfac.
g. BE uftptter enacted, That the sale of said Road
shall be made by the Board of Public Works in ali
rGSpGc,s not herein before provided fnr,) as pro.
Vdsd In inc general law passed the eighteenth day
OF march; eighteen hundred and forty.onc {; and
INC saih BOARD shall bid for the Road such price as
they shall think the value thereof
o. BE IL further enacted That if at the sale of the
salo portsmouth and Roanoke Rail Road, or at my
time thereafter the State of North Carolina or any
company Incorporated in said State for purposes o
lnternal improvement shall become the owner,
either, directly or by agent or otherwise, of the
sad Portsmouth and Roanoke Rail Road, hereby
authorized to BE- sold or of the said Seaboard and
Roanoke Rail Road the General Assembly, of Vir-
GINA hereby reserves the right, by special Of
legislature or otherwise, to revoke all che powers
privileges and imnmnitics to be conveyed by the
sale Of said Road and to declare tho same null aud
void
6. BE itfVthcr enacted. That it shall be the durv
of the Board Of Public Works Of Virginia and thcv
arc hereby required, to regulate, from time 10
time the fare for passengers each Rail Road b.
tween Weldon and Portsmouth, and between wei
don and Petersburg, to prevent an ipiurions
competition by reducing the fare on, or by either
of the said Roads, either by direct levying of such
fare or by any combination or ARRANGEMENT rvi,f
any other Rail Road Stage line or With anv line
Of Stoam611ts on the Chesaheakc Bay for such re