New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-12
Panama Railroad Company
S0MWN SEVEN PER CEAL

Up sIJO.OsJOC COUPON BONDS, conyerabis
INTO Stock within fvo Sealed proposals will % r.
seved at the Office Of this Company rs Broadway 10 ne
City Of NewYork until the h day u June next, 0f az
exceeding Nine Hundred Thousand Dollars u ihs
first ad only bonds Of the Panama Railroad Company par
The bonds are Tor 900 each dated July 1851 with ~
teres at seven per cent per annnm, PAYABLE hsfJet
IN the city of New YORK, and convertible into STOCK
auy nO before the first day Of July 1876 They are ssat
" pursuance Of the act Of Incorporation VI the COmpiQ
passed by the Legislature Of the Stale VI NewfOrk ~
tson 8th, follows
THE SAID corporation may borrow ron time % time {.
sun Of money may be necessary y complete sad
road and for the other purposes authorized by thus act
the whole not exceeding the II the capital sock
actually paid and may and dispose Of Their pnb
for any anoUnt borrowed and are hereby authorized
leges L. secure the payment II such bonds And the sad
Directors may confer the holder Of any bond they ny
for an money borrow ed the night 10 coaVen ne
principal due thereon INTO stock 81 the sad c)rOfa
any time not exceeding i've years ir0n TIE dats Of ~
bond under such regulations a. the Directors NAY zee
70 adopt and for such purpose sad corporation are
authorized % increase rs capita. stock % the au)gAi
stock"
One million u Dollars q the Capital Stock Of the Con.
pany has Teen subscribed and more than SJo a'as4
paid in
The section Of Railroad from Navy Bay % CORONA,
miles, It Is believed will be completed BY the lss Of W
teml er next
Twenty miles will be in operation in July
The section between Corgona and Panama 70 miles. Ar
Been surveyed and located, and Of the Fails alf0s
n Panama II FOR this section that tho money Tor -
Bonds required
above VIII be entitled tOtake par Bonds 20 the ekiens
their stock respectively and the not thus izk
will he sOld absolutely ~ The highest bidder, bat % 0e'
below par Will be considered
Parties whose bids accepted Will be required u ~
twenty per cent upon the amount awarded % them On -
lst DAY Of July aud the remainder asaiment % 1Ns9
per cent every two months thereafter L.
Bonds Will De issued when required 1r pawn MS T.
beyond the rs Insiament; but every part, ~" be suD
O. Iay full al Interest VII commence ffoA -
tine Of payment. ,...,.
The Company reserves the right IN case @. deiaut IA
ment n the instruments % resell The bonds a te fN
expense Of the party making default. - -
Tins Company, ty grant from The Republic 81 1900
NADIA, possesses yely liberal RIGHTS ard lmnpm-es -
among others the ercs7re pricCe Il csflb slins
unuIng railroad the Isthmus VI Panama csI
years from the CONF letiJn 81 the road trung "L -.
the Government binds ifsef not to permit any On. -
rage road Nacadamized u plank or u any oi1s
which may Tor the Use u wheel caIrilses -.
the two Oceans. across the lsihmus Il Pantna h ~
MT any person persons, UtfhoKf M c0Hset o. ~
Company, TO make any canal across the sad lsiArts
No road now exists superior 10 a au4s pail xs-s,v
IT. Of nls Bf1Nus CT Panama - guarantees ~ ~
mint q the JRtied States - a
No taxes or contributions u any kind can he mpD~ -.
the read by the Government d New-Cranaia na .n,-
PASSENGER nor any duties property Of any KIND
ported across the Isihmus upon the road al nc
Any further information required may be 0Dlsilo
Office ~ the Company New YORK S0th biay, 1871 80.
CORNELIUS W. LAWRENCE, Prest POO
FRANCIS SPIES, Secretary. MIN