New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-03
FINANCIAL.
Panama Ralroai COMPANY
SQM MN SEVEN PER CENI.

SWW.WW co our n BONDS Us osa rrat
into Stock within hyo Sealed proposals VIII be re
ceived At the Office Of thS COMPANY Is BroAdwa IN me
not exceeding Nine hundred Thousand DolaIs Of the
able on the 6rSt dav OF July 1880
The bonds are Tor 81 eco each dated Jul, l. 1881 with
IN the city Of NewYork and Convertible into STOCK Al
any time before the st DAY ~ July 1870 They are ISSUED
pursuance Of the act OF incorporation IT the COMPANY
passed ~ the Legislature ~ the Stale 81 NewiorA' sec
ton Sth. follows
The sad corporation may borrow from time 10 tune such
sums o money IS may Do necessary 70 complete sI
road and for the other purposes authorized By thus act IN
the whole exceeding The amount of the capital stock
actually pad IN, and RAY issue ana dispose ot Ret oosiS
fr auy borrowed and hereby authorized 70
isge s,r,r, he navuent al such bonds And the said
Directors the hoder 81 an' bond they may
issue Tor money borrowed, the ugh 20 convert the
amy time not exceeding five yoaN nom the date Of said
bond under such REGULATIONS the Directors may see NJ
g. adopt and Tor such purse nc SAM V3lpol aon No
authorized 90 increase as capital stcA @ the amount -
borrowed. whenever tho oTsons ~ any OF tNm 20 "hoh
such money due. shall elect to convert TIE same unto
Orc million Of Dollars Of the Capital stock Of the Com
iary mas been subscribed and more than Ss0oo actually
paid IN. -, .,
miles, Is believed, will be completed by the lss OF sep
Twenty miles will De IN operation in July
The section between Gorgona and Panama 10 miles, has
been suey, and located AMI part Of the rails a'o already
Panama II IS for this section thai the money i'' he
ANY Of the present Stockholders making proposals -
will be entitled % take. Bonds ID the
their respectively and the amounts not thus aSen
will be sold absolutely % the highest bidder, but no oilers
below rar Will be considered
Parties whose bGa are accepted will he required - pay
twenty per cent the amount awarded 10 hem on the
list iav of July and the remainder nstaments oi twenty
per cent every two months thereafter.
Bonds will be issued when required Tor payments male
the nsiamunt but eyorY party viii De- athocrv
81 pay full n Interest viii commence from the
time of payment. <,..
The Company the night IN case Of default IN pay
msn nSalmcnt resell the bonds Al the risk anu
expense Of the party making default
THIS Company by grant from the Republic ot Ne" ors
NADIA possesses very liberal nights and mnluntosi ana
among -hers the crcsipe prge II ESTABLISHING and con
tnuug RAJ road the lsthmus OF Panama forty nhe
years from the completion OF thu road during "mch petws
the Government buds itself not 70 permit any other car
rage road .acadamIed or II plank. OF o any other GAS
which may serve Tor the of wheel carragcs between
the two Oceans across the sthmus Of Panama nor 70 per
nit any person or persons cfAOuf ~ consent OF Ae kaTo0d
Corlpanv make any canal across the SAID lsthmus
No road now exists superior to mule path rnfhrH
~. or ne LflHS PlnaSQ guaranteed ~ nv "0vefn
mani Of the UHitcd SUITS .., -.
NJ taxes or contributions II any kind can be imposed oe
tho road by tho Government Of New Granada nor upon
passengors nor any duties property Of any hmd' WAS
ported across the lsthnus upon the road 800,
Any further information required may ne ohtsnen AZ VI"
Office of the Company New York 30th May, l5ol
CORNELIUS W LAWRENCE Prost pro tenn
FRANCIS SpiEs Secretary mJJtJeN