New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-28


the road and he rewsroer Ss7 SIC from sI to fifteen miles
The p.n adopted by the Company the construction
Of the read to raise The Necessary fgnes from mortgage
the szd sppuIpnee paying interest the bonds from
The reserved snes and the ss,esments their capital stock
The follow the principal features OF the Trust Deed
1t provided the security OF he bonds be Issued the
Con the suouit Of COO of the to
lockwood Of ihro Of all and snsuar the .evers pieces
parcels Of being the Roadway Staten. and DePos
and Mich gan Canal the City of Cairo and the station aud
depot buildings ensn. houses ard other sad
Ard also al AID the several pieces .fl.ad
teDs the Roadway siAiors and Depos Of the Branch Rail-
eng the point Of Intersection th the line
the Man Rsrosd and running thence the City Of Chi
and the state and oeot b1ndns. enfoe houses and
other improves hts made % heIeaferto be
made" ARD also the several pieces aud parcels Of land
be!nr the Roadway Stations ard Dtp6s Of toe Branch
Raiio.d nops the Nehep t-rninu, Of the Main
Road, The soubeIn teruin Of the Illinois .od Mi;h
hissipp River opDcIite the Dubuque the
OF lows and the station depot buildings engine houses aud
other and .trueiious m I'D. hsre,f
made together with the emolun enfs rhs fran
ebises eSeuen beecameIt. and sppurtenances to the
above described Premses" And so two mior: Of acres
CT Lard; together h the emoumen income and sdvsnt
theatto belorsrs And also the estate sht title,
and interest it'll have ard to hold the ssd rrus'
the purposes GET forth subject ho~ever to
the requirements the Act Of Cooess and the Act passed
BY the Lesssture 10 the direction eontro and manage
Of the Directors long the Construction Bonds
" slsll ain tnfcIfe.iec.
The rustdesd so provided that the Company should re-
il possession Of The road till zach Of eonoiiou Of the
that the 0o Of should be appraised snd
casd four oyioL above ard that the sad should
be cold below the rate Of such appraisal until the
valuation CT class should be realized; when. with the
Of the Trustees the remaining parcels OF the class
be iold upon such terms the Company 1T
Tie holders of the Construction Bonds may the
into he lard Of the Company 81 the rates established
for the sale The tIust6e,d slso provided that when the
such tores for conversion exceeded the value OF
I'd desired he tstea THE Company might pay the
cash divided that IN any the should
s. IL al Of SoLyeEson The bonds be can
etlto-
The deed provided or the payment OF interest during
civ fFcm the proceeds Of the bonds sold which
be charged 10 construction The receipts Of the
rosi were 70 be applied as follows:
It- To the pay nsnt cf eurrert expeIses
Cd To the psy nerf Of The State tax
sd To the p-yn EFT OF II teies, and bonds.
4th To The pawn Of oiseercs
The follow further provisions made |, the deed fJr
the II the interest viz such surplus
lht arise from the operation Of the read during
the poe eds Of go 90 Of snd reserved for
interest fund s,i upoa the capital stock - the
Of 81 eco COS Ebseisec At the time which has
be Which assessments to the of nearly
e2Ve eco bsvsbeen paid
The eeed Of G Their provided tha. II default shou be
sde the payment OF ss construction bonds zstns
70 that sqas years interest the stole
ssd bonds actually sued secured BY
he deeds or Default stoud Be Ia tho psJ Of the
PRINCIPAL Of ss bords obligations them
nd frem then efrb should and might be lawful ir the
10 eI into sEd upn and take possesson Of al snd
III, uIar the railroad and branches and all property In
,Istd in the mortgage. AID also a. The engines tenders es