New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-06-11
Panama Railroad COMPANY
SQN0 OlN SEVEN ad PER o CENI.

NJ eDNVsVOOC COUPON BONDS, conernbis
eeNtl Il the Office of tins COMPANY IS broadway, IA th'
CITY II N1wYork, until the lih day of June neat oI -
sum not ozceCdng Hundred Thousand Dollars u the
first and only bonds OF the Panama Railroad Conn any pay
allie on INC first day Of July 1866 o,
The bonds are for each dated July !, 1871 WIN m
Nrtst A. seven per cent per annu, PAYABLE hatyeary
m the city o New YORK. and are converting INTO slocA a
any time 0eGle he srs day Of July 1876 They are ssued
IA pursuance of The act Of incorporation of the COMPANY
passed %, the Legislature of the State OF Ne~-N~A see
The said corporation borrow from time TO time seh
Of money may bs necessary oc'pe'e s~lu
road. and for the Other purposes AulhoI.yu us ..s "a "a
the whole not oXsoede the amount oi Tie eaal 500
actually paid IN and may issue anu eosS 81 ne, Ems
for any amount so borrowed and are heTeu} au'hoIe0 "
mortgage part OF then corporate property ana prlyi
lCges 20 secure the payment OF Su'A uonNs nS v
Directors may confer ~ the holder OF any nnu hey EN-
issue any money borrow 3D. the night To conNe tse
principal due thereon into sock Of ne sara oottason ~
time not exceeding hVe years rom the uale o ~.
sond under such resu atoms a. TIE Directors may see nv
Authorized to increase its capital strk TO the amount 20
borrowed whenever the persons OF any OF thtm 10 whom
such money dse, shall elect to convert The same M''
One million Of Dollars Of the Capital Stock OF the Com
pany las been subscribed and more Than SsVV'VV' 'U
The section Of Railroad from Navy Bay to Gorrona; n
miles II teheyed, Will be competed py ms ~ OF sep
twenty miles Will be IN operation IN July.
The section between Gorgona and Fansira ~ n - 80
hern SURVEYED snd located and part Of the rails are a
m Pansma 1t for tins section that the money Nf the
AnS Of Tie present Stockholders making proposals &C
above vii be enlisted tots at par Bonds to ne extent q
viii he sold aeolutel, to ue highest bidder but NO ciSs.
below yaT WILL be coaSdeSes
raYS wA.<e BIDS are ACCEPTED VIII be required TO pay
twenty ucr cent tho amount Awarded 10 tAe On -
lSt day II july and the remainder n ns;amehS u eHl
per cent every two months Thereafter
Ronds wil be issued when required for payments c
heycnd the nstalmeut but every party Will ne az
IL nav m full 81 once Interest VIII commence iron 'Ae
tlwe Of payment I'll, -. ,s--
an. Crpanv reserves the night N ease 81 eauIt "a pay!
men Of the ns ailments 70 resell the bonus AZ wv ' NM
,,p.pse 1t the PARTY making default . -
This Company by grant cm ihs ReRnnnC o. Ia
nadia possesses NtIy liberal rights and inmuhiuts -ue
r.e others the e~ciasre prrS0e II establishing ana coh
tnulns raIoad ACROSS The lsihHus 81 Panama 1T
y,as om tic completion Of the rOad during when pcl~
the binds Itself not 10 permit any o.h.t e.
ragC road acadaI9Ct VI plank " II any other cas-
vich ma, serve fr the Use Of Whesl-carres uet"e~A
th Two Oceans across the lsthruuS Of Panama nor 10 per
rt auv erSCn or persons trtoaf s consent Or ne hdoaa
To-frrvr 20 make canal acycSS the sad lStiuuS
Nc road row exists superior 10 mule path t7cheHTa-
az ot ne i,rs O. Panama gaaraFi,ee BY ne D0rtfH
sY-nf a. ~ gt;ca >fGfes ,.-----, -
ta,c> or contributions OF sny KIND can he imposed ~
,be ROAD ~ the Government Of NeW-trshsda nor uiA
psssRrers nor any duties property u any kmd trans
nort,l across the lsjhmuS upon the road ,,
ANY further information required may - oNt..ncu a. 'he
"A, c..,f th, Compsuv New York 3Oth Nav. 1911.
CORNELIUS LAWRENCE, Pres ! pre- Ten
FRANCIS SPIES. SECRETARY IIN'i''e''