New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-25
RgTCHIGAN SOUTHERN RAIL

I've ROAD COAPANT.-S400,OU SEVEN ff-h
hundred thousand dollars OF the first and only Mortgage
Bonds Michigan Southern Railroad COMPANY bearing
seven per cent interest," VIII be received unh foIn day OF
November next.
act of the Legislature of Michigan. authorizing me Company
10 dspose of or sell their obgut0ns either within or VIII
out TINT State such prices as may be agreed upon
and sold below pu-, to be as binding as so al par
They are secured Uy mortgage executed 70 SHepnera
Knapp Esq the City OF Ne-Yor IN trust Tor me ooAu'
This mortgage covers the entire line of the Componys
Road in Michigan whether already bul or hereafter 10 DC
cTsiccd and II provides that bonds 10 an amount
ceedng one million dollars in al, may beisSued OF which
amount NOT than Sle0c cen be issued until after me
Pn5 shall have been completed to Surges Prairie dis
lance OF II miles Lake Err" to which point 1t VIII be
completed by the first OF January next
lien and substantially the only lcn upon road Which
when complete to tue line Of ndiaua, viii have near,
lyl40 miles OF main ue, beside branch OF 10 miles and
winch viii have cost, including the oTiSna outlay Dy me
STATE and the reayiug the present track about S0u0;
OF which : $4,000 viii be represented by stock
The portion The road already III operation, ABOUT ~
miles Yields income ample to protect the entire deot
proposed 10 bccreeed and tie length OF comRceu hhe
md consequent increase oreycnuC daily iucrc1sg al
forug security which will place the payment OF the deoI
beyond all contingencies. ~
@ m M $500 I9e se f1 MfPS "' tt r s N Of
completed road will be added to II Wlllh theo inoils
ard will be extended 10 tie St Josephs River at me nti
ana Sate line early Spring thus doubling tue eush
oflle main line now III operation 60
This rond is part OF continuous hne OF talF1aos ol,
the City OF New York to tlc Mississippi Fr w wa? VI
the Erie Railroad and the Luke Shore Road and IS an HI
pOrnut Ink The chul.
Nearly he whole Of this great line from, New York the
Mississippi River is either completed coarseo OF con-
sructon
AS the means for the construction the road ready for the
iron provided for by stock subscribed and BENG PAD H.
by regular instaWes und the proceeds OF The bonds are
mainly required the purchase OF iron heavy IL rail and
equipments believed That railroad bonds before tho
public offer greater lnduCemet for safe investment man
those OF this Company.
The mortgage empowers the Trustees in of failure,
pay the principal interest OF the bonds 10 take posses
sion ofhe road and receive rs cummings 10 sell H. ondue
notice, and apply the proceeds TO the eXgislent VI inc
DEBT.
The bonds are in SUMS of GOO each payable the Me-
CHANCES Bank in the CJ, Of Newly ork Nov 1860, with
per per unnun, payable senlannaal-
" in New York the ls Nov and st May. Interest
warrants or coupons, attached 10 the bonds
-Four hundred thousand dollars OF the bonds are nov Oh
fered for sale.
Seaed proposals for any not less than s. 1000 viii
be received until The 10Th day OF November next,
Proposals may be addressed to WtNSLOW, LANlER y
Wast indorsed Proposals for Michigan Southern lta'
rond Bonds"
100000 (half the oieredl will be disposed
of absolutely and without reserve TO The highest bidder
The COMPANY the right Withdraw the remainder
ii the offers not satisfactory.
All necessary information in relation to the bonds togeh-
with maps, may be Obtained by calling on WiNSLOW,
LANIFR < CO or +. C. LITCHFELD, nj either OF which
plHces copies of the bonds and mortgages can be had
Copies of the bonds and mortgages may also be seen on
application Shepherd Knapp Esq. President OF the Me.
canics Bank james Van Nosand, Esq President or
the Merchants Exchange Bank
Parties whose bids accepted will be required TO pay
% per npon the amount awarded to Them lnmedatey
npon being notified the acceptance of their bids and the
Der ueXt bur any party viii be al liberty 10 pay IN null Ut
once Interest viii commence from the day OF payment
New-York, Oct 1880.
COMMITTEE OF THE DIRECTORS
GEORGE BLISS JOHN STRIKER,
CHARLES Butler, JOHN b. JERYIS,
ol9 If EDWIN C. LITCHFIELD.