New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-31
FINANCIAL.
Panama Railroad Company
ANNA SEVEN PER CENT.


.OOO c SEyET sd PHR . CENT:
INTO Stock within five years Sealed proposals VIII be re-
CIV If New york mn, ,sS xxx aav If lime neT fr y
sum not exceeding Nine hundred Thousand Dollars n the
and only onds Panama Railroad Company, pay
able on the first day of July. 1906.
The bonds afe fr 81 OCO each dated July 1851 with
ores; at seven per cent per annum pay able hafyeahy
any time before the first day 81 July 1856 Iny e issued
pursuance Of the act Of INCORPORATION Of the Company
passed by the Legislature Of the State Of New~Yor sec
The said CORPORATION NAV borrow from time time such
II money may be necessary to complete SAID
The whole not exceeding the amount capital stock
actually paid H. and may ana dispose of their bonds
Tor borrowed and hereby authorized 20
mortgage any part Of Their corporate property and prlv
leges secure the payment Of such bonds. And the said
Director. confer the holder Of any bond they may
issue for any oev borrowed the right 10 convert the
principal due thereon into STOCK Of the sad oraion a
bond under such ,oga;ons the Directors may n
20 about and OT such PURPOSE the sad CORPORATION are
borrowed whenever tic persons or any OF tch to whom
such money duc shah elect % convert the same lno
Ono million Of Dollars Of the Capital Stock Of the Com
pany has tcen subscribed, ana more than >9VUU actually
The section OF Railroad from Navy Bay Gorrona. q
miles, Is believed, viii be completed by the Isl OF Sep
Twenty miles viii he IN operation in July
The section between Gorsona and Panama 10 miles, has
been we'd and located and part Of the rails ac already
in Panama II ], or tins section that the money For the
Bonds IL required
above, VIII be entitled totas "a par Bonds to The eNiet II
their Stock respectively. and the amounts not thus taken
VIII be sold absolutely 70 tho highest bidder but no offers
below par wal re considered.
Parties whose BIDS are accepted w be required 70 pay
twenty per upon the amount awarded 90 them on the
Of July. and the remainder iuSalmenS oi twenty
pcr cent two months thereafter.
Bonds will be- ISSUED when required for payments made
hevund the aneni but every party viii be- ~ liberty
to pay in fun once Interest vii commence from tine
time Of payment
The Company reserves the right u Of default IN pay
mont u the instruments to resell The bonds 40 the risk aud
r4.D If The l.utfx l;ihl uH al
This Company. ly grant from tho Republic Of New-Gf'
NADIA. POSSESSES very liberal rights and mmUnucS and
others the CxcaSilc DTyo0e Of establishing and con
tnung railroad across the lstmus % Panama fOrtynne
years from the completion Of the road during which period
the Government binds itself not 10 permit any other car
mage road aCadannIed or Of plank. ~ other class,
winch for the Of wheel carriages between
the Oceans the Sihmus of Panama nor ~ per
person persons r'fho te consent ~ me k1road
COVJ0np to make canal across the sald lslhuus
No road superior Co nuie path me H'fr1t-
al The IsfbwVs Of Panama guaranteed bg me GocerR-
menf Of IL, United Suites.
No taNes contributions Of any kind be imposed on
the road by the Government of New Granada. nor upon
passengers any duties property Of any KIND, trans
ported across the i,'hnuS upon the road.
Any further information required may be obtained az the
Office II the Conpany-NCw- York. goth May. 1851
CORNELIUS W. LAWRENCE, Pres't- pro. tenn
Francis SIZES. Secretary. my3ltJcH