The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1846-07-21
SALE OF THE
PORTSMOUTH & ROANOKE
RAIL ROAD
BY PUBLIC AUCTION.

L Ia
RAIL ROAD
by PUBLIC AUCTION.
ess 60 s eq@ a SD
D. Inc STOCKHOLDERS of The Portsmouth and Roanoke
Ran Road Company, having at special meeting,
convened in the IOWA of Portsmouth ON the ro,L
day of April las. given their assent 10 A. s,lo of Tho
said Rail Road according to the provisions os ,hc
" Act directing the Board Of Public Yoyks m Ell ~.
Portsmouth and Roanoke Rail Road AMI ;n. 49, ".'
ting Me purchasers thereof by the name Of The Sctoa
and Portsmouth Rail Road ,"-passcd FEBRUARY " h.
| 1916, copy Of which is hereto subioinc, ~ p,hl;c
Notice is hereby given tn all whom Il NAV copcern
| that the President and Directors oF a.. FL ~
rn3ro works VIII, by their agent, proceed ON
| FRIDAY, the 9TH day of September next At 10
O'Clock, before the Court House os No, folk conntv
IN the Town OF Portsmouth, to sell bv puhf, 49,.
n,,t on ,he ter ms nm,"'ons aud provisions set
tects of every n'toye and kind whatsocvrr ,nd
whctesoevcr situated or hcng, embraced bv the
| mortgages executed by the Portsmouth and Po
| an"ke Rail Rood Company to the President ,nI
Directors of the Board of Public Works poyt;rm
| iarly specified in the said act e
| Such title only will be conveyed Ia The ,,,roL..
ns the Commonwealth has to the said road pruneY
BY ORDER OFTHE PRESIDENT 6 DrpEr,ropS
| Of Me Board Of Public Works
| j. BROWN, Jr. ID Auditor
| MEMO The p"rton of this road which II in
North Carolina IL cl9imed adversely to tL. mort.
Cages OF the Board of Public Works by ncrsnns
who profess TO bold it under the laws Of North Caro-
ma: IL u To be understood that the title to such
portion is To be adudicatod ACCORDING 10 tho laws
and by the Courts Of that State and must bc takcn
| at the purchasers own hazard.
J. u. Jr., 2d Aud
~, nc following !: copy of the act referred to in
| the foregoing notice -
CHAP llS.-An ACT directing the Ro,ra Of p,h
~, nc 4" orSs To sell the Portsmouth and Roanoke
nai'rond andincorporating the pur chascrs there
n' Dy me name OF the Seaboard and Ports,nouth
Rail Road " o'''''''
Passed February o. 1916 I
ot H enacted That so soon the stockholders
| OF the " Portsmouth and Roanoke Rail Road Com
pany, or majority thereof in any rene raj meet
ing or special Getting convened for $, CHI burmese
Shaii give their assent to a sale of thu. Portsmouth
a,'u roanoke Raii Road, under the mortgages, and
on the terms and conditions hereinafter set forth
the President and Directors of the Board of Public
works shall sell all he estate property and effect.
oi every nature and kind whatsoever md wberrso' |
s'u"'eo or oeng enbraccd by the mortgages
eSccn,ed by the Portsmouth and Ros m6kc Rail !
i. o"'npr pa 10 ne Presideht and Directors of
ted the fourth day Of May. eighteen hundred and
eight, recorded in the Clerks O ice of Nor
folk County Court, and the q con, dn,cd tho fnr
teenth day OF October, eighteen undred and tbir
! ty nine. recorded in the County Court of Ual;C,x
IN the State of Nor''I Carolina together with ali
INC franchses, rights, privileges and i,n,nuniIies
Ing or aDpcrairing TO the Portsmouth and
ROANOKE kalI Foad Company, ~ well in Virginia |
as as "a North Catona, upon the following terms
INC sale TO be at public auction before the (,urt
House of Norfolk County in the town of port
mouth, after sixty days notice, of the nm. and I,
| by advertisement in such newspapers as The Pros
"e't ana directors "f the Board of Public Works
may select, the purchasers 10 give bonds with an
proved security TO the President and Directors nf
the Board OF Public Works, for the proceeds nav
| ape IN SIX equal annual imstal;ncnts The pur
chascrs ,pSo Jdcto by the purchase shall become ,
~ r uoec ana corporate by the name and stvle
al Inc Scaooard and Roanoke Rail Road Comma
ny; and shall hold, use, cniny aud cmpIov Tho
Road and all the other property and effects of ovc
| ry nature and kind, as Aforesaid of tho nrcsent
| he his
ana irnnunties granted to and conferred unon il
"S Any i,ine heretofore oy this State and the State
OF !NoTth Carolina, in ample manner "a tho H.
gislature of this State can transfer them smile,
IN all respects, and in every thing to ali the dn
nc ana penalties Icquircd prescribed
ana enjoyed by any law laws now in force re- |
spectng the present Company and subject To the !
provisions OF the Act of the General Assembly on
titled g an Act prescribing certain general rem
i"t'ons iot tne Incorporation of Railroad Comma. |
mes. passed March eleventh. eighteen hnndrcd |
ana thirty seven The said sale to be subject to a
NOR 'gages and deeds of trusL executed bv tho |
Portsmouth and Roanoke Rail Road Comnany and |
the CLAIMS OF any other creditors legally entitled to
pio'i'y over the mortgages aforesaid TO the Prcsi
aforesaid. '''' ''rNS
Ihat the nett proceeds of said sale shall be ap-
Sncu, under the direction of the Superior Court of
Nn"ncery Ior the Richmond circuit in the uit now
ptnding IN said Court between Francis r Rive
ana the Board of Public Works and Others accord
ing TO the legal prorties of the claims of the BOARD
oil Public Works under the said mortoa oes Of Ma |
me fourth, eighteen hundred and thirty .ec hit and
the fourteenth, eighteen hundred and thir
-Hihe, ana oil the claims of other creditors of
me Portsmouth aud Roanoke Rail Road Companv
VINO snail IN said suit establish their ri rht To nri
4rlly over the said claim of the board of Public |
works. And If any suit or suits in chancerv b, |
now pending, or shall he hcrca ftcr brought in anv
OF the other Circuit Superior Courts of Law and !
Chanccry, or In any of the County Courts of this |
Coihmnhwealth against the Portsmouth and Roa |
noke Rail Road Company, in which the Prcsidcn, |
ana Directors OF the Board of Public Works are or !
may be necessary party, the same shall be trans |
ierred by the Court in which such stit NAV he |
pending, to the Superior Court of Chanccry fer the
M ,''io"n CHGni TO be there proceeded in dc
cded froutded ho,ceutr, That any party to any !
such suit or suits, who may think himself or tbcu
selves aggreved by any decree of said Court shall
d, 70 apply Ior' and II proper to obtain
p9Sededs from the court of appeals To such dc.
cree, precisely as in any other case decided by the
Richmond circuit -'' '"'
8. lhe corporate existence of the Portsmouth and
Roanoke kail Road Company. Notwithstanding anv
sa'e mat may be made under this act, shall be con
tinucd so far as il may be necessary in its name tn
conduct, or to institute and carry on anv suit or
suits to its or their final completion and satisfac
ton.
4. Be it, f,uGlcr enacted That the sale or said po,
shall be made by the Board Of Public Worka in ali
respects (no herein before provided forl as bro.
vided in the general law passed the ci,hicenth pdcy
of March, eighteen hundred and fortv.one =. au',
The sFid Bo.rd shall bid for the Road such price az
they shall think the value thereof Pr "
o. BE u Jt,fler enccfed That If 81 rho ale of ,b.
SAID For smouth end Roanoke Rail Road or Al onv
time ther tier, the State OF North Carolina or any
company Incorporated IN said ate for PURPOSES %
intcrnal improvement, shall become the owner
cl.herS Directly or by agent otbc wise, of the
SAD Portsmouth and Roanoke Rail Rood, hereby |
ao'horized to be sold or of the said Seaboa rd and
Roanoke Rail ROAD .kc General Assembly of yir |
gina hereby reserves the right, by special act Of
Legislature or otherwise, to revoke all The powers
privileges and lmmuuitcs to be conveyed by the |
sale of said Road, and to declare the null and
void
6. Be further enacted, That it shall be the dutv
of the Board of Public Works of Virginia, aud they
are hereby required, to regulate, from time to
time, the fare for passengers each Gail Road be-
| tween Weldon and Portsmouth, and between Wei
| don and Petersburg, IS to prevent