New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-05
FINANCIAL.
Panama Railroad Company.
S00OOM G SEVEN sd PER o CENT II,

$500. UOO c SEE m BONDS H convertible MaT
INTO stock within five Sealed proposals will be re-
eved at the Office of tins COMPANY 70 Broadway IN the
sum not exceeding Nine Hundred Thousand Dollars Of the
t aud only bonds Of the Panama Railroad Company pay
The bonds ar, for LOCO each dated July 1851 with
terest per cent per annum PAYABLE hai-yeary,
IN the city Of New York, and converting INTO STOCK az
any tine before the first day Of July 1886 They are ISSUED
IN pursuance Of the act Of Interrogation OF the Company
passed BY the Legislature Of the State ol No"-No sec
1.-THE said corporation may borrow from time to time snch
sum or suns If may be necessary iocomplete sand
road and for the other purposes authorized hy t a IN
the whole not exceeding the amount OF the capital SOCK
actually paid IN, and may issue ana dispose ul men ooS
for any amount borrowed and hereby authorized 10
mortgage any part of their corporate property and PRIV
legcs to secure the payment of such bonds And the SAID
Directors NAV confcron the holder Of bond they may
issue for any money SO borrowed me ngh 20 CONVEX me
principal due thereon INTO stock ol me sal corporation ~
time exceeding FIVE years from the GATE OF Sl
bond, under such regulations as the Directors may see NJ
authorized to increase It's capital stock 70 the amount so
borrowed whenever the persons or any OF thcm To "hon
such money due, shall elect To convert the same "o
one million # Dollars Of the Capital Stock Of the Com
Tany has been subscribed and more than S90uV aotua
The section Of Railroad from Navy BAY Goreona q
miles believed, VIII be completed by the lsi oi sep
'e Twsniv miles will be m operation in July
The section between Gorgona and Ianana ~ i.9s lis
teen surveyed aud located ANA part OF me rams are 1'e
M Panama II for tins section that the money or lhe
% If he present Stockholders making proposals as
Their stock respectively. and the amounts mo- mus IA,
will he sold solucly 90 the highest bidder but no offers
below Tar will be considered n , g.. ,,,.
Parties whose accepted Will hc required 10 py
twenty Ter cent "a on he luu awarded 90 them on we
LIST day Of July and the leulp udel ma Instruments "i NNo9
uer cent every two months thereafter.
Bonds Will he issue, when required fr payments iha.o
hev,ud the first ins auent hut every party VIII :. a.
10 Iuy IN full at once. Interest viii commence from inc
tine If payment ,, c.,t. ~, my,
men Of the instruments resell the bonds at The nsA ana
expense Of the party making default ~ o.
fhls Company by gaut from the Republic OF NeW-DIa,
nada VosRcss,S Ney liberal ri5hts and mnumuesi anu
among others the frc'uSirc pri7CC az csanShn ann COM
tnuiug railroad across the lSthmuS of Panama ioy-u
years from the completion of the road durs vino pciou
the Government binds itself not 10 permit any 0he car
rage read NacadOmzcd Of plank, or of any oor cAs'
VII Ch may serve for the of Whcc cdriasts between
the two Oceans across the lsthmus Of Panama nor to ,
nit any person or persons 0f1of ne confho Ft NI0'"
C1rpony "a make any canal across the saH lsinruS
No road nOw exists superior 90 auuc path itf tiIol-
N O. he IsflpS Of Panama guaranteed "y "e "''e''
mat o. tht inittG Ni0ffS. -
Nc taloS or con- rutlous Of any lind can he imposed ON
the road by the Government Of New GIanaJ nor up
passengers any dgucs CA property u ANY Al '''N
ported across the lSthuuS upon the road ,., ,,t,
ANY further information required may ,' on.i'o" "' ''0
CtCe If the Company - New \ ork, 5utt Al"H te~i
CORNELIUS W LAWRENCE, Pres l. lio. w, w.
FRANCIS SPIES, Secretary. Hs 'i"''