New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-13
Panama Railroad COMPANY ~,.-,,,
S00OOOO G SEHEN nd rEK s CEN l..


i STOCK within five wears -Sesled proposals will be re-
sol,ed the Office Of tins C"mpanN % iroad~s' IA Hs
sum not o1coodme Nine Hundred thousand Dollars Of the
1Tst and onl, bonds Of the Panama Railroad Company p
Tic bonds arc for sc0o each dated July 1851 with "
teres at seven per cent PEI annnm pay ape haiyoaS
any time before the day Ct July 1880 Iney are issued
In pursuance of the act Of incorporation OF tnc lInI'
pas.ed v the Legislature OF the STATE OF New orA SEQ
'' aud cor'oron MAY borrow from, Time to time sues
sum Of sums of none, bee Sccessary loc'mpietr sad
road and Er the other purposes authorized u TINS ACT
the hole not exceeding the amount Of The cn's STOCK
fr any amount borrowed and are herob authorized ."
mortgage pant OF then corporate properly ana p,i'
lecoS ~ sooulC tho payment ~ sach t9niS And e Sd
go may ~ 80 ca her,Scd the right 10 convert
prncra dec thereon INTO stock OF the sad cooperation ~
any time not exceeding i've from the date OF SAID
hr5J rnder .pch reeraon, rs the Directors may nj
10 S3ot aud for such purpose the sand corporation are
authorized 20 increase ts capital stock To- the an'uu -
hcuoNed Whenever the ersous or amy OF them 90 whom
s sSts money Is axe '''' '''' 10 ''''''' ,''
pan, has been subscribed. and more than S9JOVVV S0'u
Tie section Of Railroad from Navy Bay - Gorsoaa y
miles, is believed, VII DC completed ~ ''o ~ " 'F
Twerty miles Will he m operation IN July.
She section between Gorgona and Panama 10 mules has
been surveyed and located and part oi e ais 80 & ~
IN Pansma ,s for this section that the money ioi 'ne
An, of The present Stockholders making proposals as
sbovc win lie euted totake nj par Bonds to the eNIe' ~
Their Si"cL ,esrecv, and the amounts not thus Ia en-
viii be sold s>oluei, To- The highest bidder oH' no "os
below pan Will lie considered. ,, ....-., ., 49,
Parties whose ODDS are accepted VIII be required 70 pay
twenty Ter cent upon the amount aM"U'G I" t0't
LIST DAY If july and the remainder ~ Instruments "a '"oAS
Vcr cent every two months Thereafter; ~.
Bonds will be issued when required ioi payments ,ue
heynd the first lSalmcni hut every party Ni &c ~ o,
10 pay IN full al Interest VIII commence "'-n VAC
time " payment ., 800 , =. f,,,, VA nav
rrn T me instruments resell The bonds nj the rsA ana
expense OF the rsrty making default ~ o..
Tins Compauy by grant from the hen"hNc OF NVN-',"
NADIA reSs,>>,S Ntn liberal nights snd unmunlu0S ana
nsur others the tgcSit~ prtpeqe of ESTABLISHING Ad CON
tnuug railroad soro>s the ls,hmuS Of Pansna iciNnes
wears hom the completion Of The road duns when pet1
the Government binds itself not TO permit any othvI CA.
mace road Nacadan1Cd ~ Of plank, ~ ~ ay othet GAS
which NAV SclNe Nr the II wse Carriages
the two Oceans across the lSthmuS II Panama nor 70 per
Mi any person OF persons etis0E Tie c0aSeEt o. 'ae AV1a
('crrcnt 20 make any canal across the Sai lSthnuS
No read now exists superior 20 nuls path l4eHeNHas
an a. hc lftmtS O. Pqssra IS eNarGHed . i' "o's
rfsf O. ne rffeG >fCfsS .-, -
az buttons Of any KIND can be imposed on
,he road D, the Government cf New-Iranada nor uoa
pNSStulprS duteS property ol any Aihu 'i@l
r,rt,d across the lSthH.uS upon The road 49,,
an,ce 81 the Comuauy -- New-NorN. SVth Nay, 1871
CORNELIUS " LAWRENCE. Pres I. pro teih
FRANCIS SPIES. Secretary. WN'A'"'N