New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-12

La Crosse and Milwaukee Railroad, bed on the llth
of May 1860 at No. Al Wall street, in the City Of
New-fork, Joseph II. Jackson Of the City Of Pough-
keepse called to tie chair, and Nathaniel Ross of
the City Of Brooklyn was appointed Secretary.
On motion of DIR. Charles H. Roberts, after re-
marks by Messrs. Baker, Slteree Fitch Chichester,
Foster and Others the following preamble and resolu
tons as amended, on motion OF Mr.. Satteree, were
adopted:
Bkereas The La Crosse and Milwaukee Railroad Company
have executed to Greene Bronson James T. Soucr and
Sheppard Knapp deed OF trust IN the nature OF amorzage upon
th lands road and other property OF said Company the
holders Of the bonds OF said Company and whereas foreclosure
poceedns have been instituted By the trustee, Tor sale oil the
osafed property and Eeres Seah Chamberlain claims -
iS and on a to i1as 70
tons eAiit ana pans ere m oesto Dy =, M pI ~, IN
The benefit ell the bodhodr to the title to and
session Of the road ct nominal b. aoced sale for cash to
bonds; and whereas tie Western Division of said
road, extending rom Portage City to La Crosse, BY
reference TO other roads forming connecting INK m me chains
son,b and the inner Wsspn on the West is Strin cally
worth sufficient, rightly managed, TO indemnify the bond
hoGers though temporarily in depte BY reason Of the action
Ample authority exist in Che Trustee: to protect all
uppeme to chap ~ Of the Revived statats Of that state
emitted OF Railroads and approved Feb 3, 1852 and
chapter approved March los the right Of redemption i
s,n TO the company and t? suose}nent can ana Ia
baned al oecloed under the foreclosure proceedings now IN
Ited That the said Trustees be- and they hereby
Guested resit by all lawful mems the aoread claims OF the
those Of the sid bondholders secured by said trust deed oil
Grceuber 81 1885, and By the deed OF said Company bearing
dG 18th January 1883 ard t. procure possession oil the
aid road for the benefit Vi al Of said bodhoieT at tie earliest
practicable moment
ei, the authority given BY the said Of tine Iegure Of
Ncou TO-. the proet? OF the oohdhodeIs ana thit III as
gag property three millions Of dolars such sum a. shall
squtl seventy hye per cent OF the Aforesaid 9u.sas ooa
he
hold the provided for in that act, .,, A..
ered That view OF the night Of redemption given by the
Aforesaid aeI approved March i tie said Traees are ad
weed IN any other person or persons shall bid on the fore
slIding bid mOrgaged property for the bond.
under the lid act approved eb y To- at such SUM as
they may deem advisable not exceeding S4,nSCD. .
sd, lhat the Lhtiruan and Secretary Of th.s meen5 9s
aid they sIe hereby WIN Pine s, no 70 saa
uu so Geo the bonds 20 confer with said Trustees in ea
be rccesy secure the objects c2te plated ny nese reso
oI sd though deem the sid act approved February D.
aiity hst the said Committee provide for Indemnify.
the Iec, ii they desire it, aya st any and every Liability
which hey incur by reason OF Their bidding IN t osd or
heteG Ihat copy of these proceedings be served on
laid trustees aud published ia IHE ~ L. TRIBUNE w. L.
i,mts, aid y. y. herald.
Carried, as au!enOcd.
The following resolution, offered by John ,. Slelght,
esq, as amended, was adopted:
faoed Tet the COMMITTEE appointed IA the resolutions Just
sale TO the effect that the nortgaged property shan not
eueA on to any Ie9n OF persons S'et a tnc ',t m
than thct sad trustees fstct OF
Icu,e IeIIor their reasonable duty in behalf OF the bond
holders under act OF the Legislature OF Wisconsin approved
Frb 1 pursuance Of the reasonable request cont ned In
the resolutions already adopted that the Committee apply t. tie
Cout for uch order shall secure the performance Of sch dnty
by ,ad sees by H. be appointed Tor that
tpose or such other and fuIther relief will protect the
uoGdEoidett under the mortgage
Inc meeting then adjourned, subject to be again
called together by the Committee appointed under the
fourth resolution.
About one million dollars of bonds Were represented.
All bondhodeI not present and who desire to protect
her intel ests may consult the Chairman of the Com
mee on Saturday, the l:th until "a o'clock p M, at
tie Office OF Sateree q Co., No. ~ Exchange place,
and requested TO send at once their names and adj
Grefs with the number of bonds held by them 10 j. H..
Jackson Chairman Poughkeepse, or to &. Is. Satter-
&c, No. AZ Exchange place.
We annex comparative statement Of the imports OF
Foreign Dry Goods at New-iork for the week aud
-inCe Jan J: