New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-06
Panama Railroad COMPANY
G0Dn MM SEVEN PER CENT.
FL UufNV pCOTpO< pnNr,,

NOaNcrtlolc
into stock within Eve yearS SEALED proposals vii be re-
cevcd Al the oicc @; s COMPANY, Is Broadway. the
srr of srrs5e Nire Hundred ThorSand DsI,sr. N ne
fst ard only bonds OF the Panama Railroad Company pay
NE hos ,re ~ 81 lC6 each dated July l. 1851 with IN
tsrrsi seven per per annn pay able hatyeary.
any time before tAc first dav ii July 1916 They are issued
pa ursuance II the act cf Incorporation q the onpSny'
raSsed by he iegaiure q The Stale Of Ne~-f"A' se
The sad corporation nav borrow from 70 time saeh
sum q money may Be necessary complete SAID
re whole exceeding The amount n the capital STOCK
for any hrrowc and hereby authorized to
mortgage any part Of their corporate property aad puvf
Directors may confer holder of an, b,ad they may
issue for money borrowed the right the
auy time not exceeding FIVE wears from the date Of sd
bond under such regulations the Directors liz
adoIt and Tor such purpose the Sd corporation
authorized 20 rs capital siock 10 The amount
borrowed. whenever the persons Of them - whoa
so S5 '0'' due 'AA 'l''' 10 convert Inc same mo
one mcn Ct Dollars Of the Capital stock Of the Com
E s53 ' been '''''''''' and more 'AA '''' ''''A
The section of Ralroad nom Navy Bay 70 GoryOas n
miles It l. believed. viii De completed BY the list q Sep
Tweniy miles viii be IN operation IN July
The Setton between Gorgona and Panama 10 miles has
been surveyed and located and part of the rails arr sresT
Panama Il toT this section that the money for the
An, of Ike present Stockholders making proposals
above, VIII D. entitled 20 take AZ par Bonds O. the extent u
Will be sold absolutely 60 the highest hdcr bat no oies
below par will De considered
Parties whose pds are accepted WILL be required 20 pay
twenty Ter the awarded % them On the
ls day If july and the remainder nSamcnS OF twenty
Ter cent every two months thereafter.
Bonds Will De- issued when required Tor payments mNie
beyond the FIRST nStauent but every party Will be ethhery
e. pay full nt Interest vii commence from the
time of payment
The Company the rht, in u default m pay
0f the instruments % resell The hOadS ~ the risk and
expense Of the party making default
This Company, By grant from the Republic Of NewGrs.
NADIA. possesses very liberal RIGHTS and mmunueS, and
among ohc the rcSlre prtrge 81 establishing and con-
unurg railroad across the Isthmus ~ Panama, ioy-nne
from the completion of the road during which period
the Cove uncnf binds itself not 20 permit " any other car
road Nacadanzcd OF ot plank ~ other class.
which for The II whcrcarriaseS, between
the Oceans the sthmuS VI Panama nor 20 per-
person persons riioaf go coRSR ~ ~ Rllrocd
CtnIcHg. to make any canal across the SAID lShmuS'
No road exists superior to mule paih isnenfr1i-
~ Of 10 htlEhS a. P1Homa % ga0rdHiecd ~ ne Govern
mont Or tis tnticd states
No-axcs or contributions Of any kind be imposed On
he read h the Government IT New Granada. NOR upon
la>stcrs nor duties property % Kind, trans
ported acroSs the lsfhmuS upon the road.
Any further information required may hc obtained n the
ofce II the Company New York. 30th May 1901
CORNEllUSW LAWRENCE Prcst pro tenn
FRANCIS SplEs Secretary my3ltJcu'