The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-09-01
SALE of RAILROAD IN SOUTH ARoL1-

SALE OF RAILROAD In SOUTH Ca ROLL
Ma AND GEORGIA. ----..
first day of January in the year Of our Lord
hundred and fifty eight, between the Charleston and
Savannah Railroad Uomnany, q body corpora unoer
the of South Carolina and eorga OF the first part
and certain Trustees therein namsd OF the second part
for the purpose OF securing two thousand bonds IN the
sum of five hundred dollars each pay able on the hrst
day of January, ei hteen hundred and seventy eight,
hearing seven per cent interest payable
which ere about TO be and have since been issued by
said Company the said party OF e first part conveyed
to the party of the second part a the following present
aud in future to be acquired property of the party OF
the first part that to say, the Railroad to be con.
tructed by tho Charleston and Savan ah Railroad Com.
pany incu Ing all rights Of way and lands occupied
by or belonging to the said party of the first part 10
gether with the several snperstructures and tracks
thereon, and all rails End olher materials used on the
same procured for the use and construction OF the
and al and singular the several bridges vaducts
culverts fences depot ounds and buildings thereon,
station houses Of all kinds al grounds, enginep ten.
ders TOOLS materials ard machinery aud all other
personal property appertaining to, or in any manner
connected with forming part of the aaid Charleston
aud Savannah Railroad Company, aud all franchises
rights and privileges Of The said party of the frat part
Of in. to- concerning the sane. The sid party OF
the first part further covenanng 'to execute and d.
liver any further reasonable and necessary convey
of the premises aby part thereof to the said party of
the second part their successors assigns for more
fully carrying into effect the objects hereof particularly
for the conveyance Of any property subsequently to the
the ndentur acquired by the said party of the
tanned In the indenture The said conveyance to the
Trustees as Aforesaid being among others upon the
the first part shall fail pay the principal or any part
thereof any Of the interest any Of the said bonds
at any time when the same may become due and pay
able, according to the tener t reof when demanded
then after txty days after such default the said party
Of Che second part their successors and assgns their
discretion, may or on the written request Of the hold
ers of st least half Of the bonds then unpaid shall
cause the said premises such parts Of them or 80
much thereof shall be necessary pay and discharge
the principal and interest Of all such bonds as may be
then unpaid to be sold at public ancton regard being
had to the interest OF the party Of the first part and the
location situation Of the mortaged premises so to be
sod giving least sixty days notice Of the time place.
and terms Of sae and the specific property be sold
by publishing the same In two newspapers of good cir
culaton in the Safes of South Carolina and Georgia. and
execute to the purchaser purchasers thereof good
and sufficient decd deeds OF conveyance In fee simple
for thu same, whioh shall be bar against the party of
the first part their successors and assigns, and all per-
claiming under them either of them of all right
interest, or claim IN or to the said premises aold
any part thereof" 1t being expressed In said inden
ture that ipjunction stay Of proceeding or any
procesa be applied for obtained by the said party
the part to entry as
TWO hundred thousand dollars Is due and unpaid upon
the bonds aforesaid intended to secured by the said
conveyance and default Of payment Of said interest has
continued more than sixty days from demand made,
and whereas the holders Of than one half Of the
said two thousand bonds intended to be sesured by
the said indenture all Of which unpaid have
signaed in writing their request that tn Trustees
der said ndenture do the premises conveyed
aforesaid. much thereof may be necessary, to
be sold at public auction to pay and discharge the
bonds purauant to the terms of the provisions Of
said indentuve.
The undersigned by virtue end in pursuance of the
and authority Of the ndenture above referred
which mas been nthe proper Offices Of Record
In the States Of South Oaroinaand Georgia. hereby
give notice that they will the third Tuesday, to wit
on the twenieth day of November, now next ensuing
the City Of Charleston In the state Of South Carolina,
at the norhef the Exchhnge, at the hour Of twelve
O'Clock Meridian sell at Public Auction to theAghest
bidder, FOR CASH all and singular the premises con-
veyed Indenture herenbeore referred to- to the
Trustees therein named.
The sale aforesaid to take place the said twentieth
OF November next to be- subject nevertheless to prior
lien the premises scld created by ACT Of Assemb
of the tae Of South Carolina entitled can Act to aid In
the consruoon OF the Charleston and havannah Rail-
road, passed IN the year OF our Lord one thousand
eight hundred and Atysix the said lien being intend:
ed eecnre certain bonds of the said Company
dorsed by the General in behalf oftne State
of South Carolina mounting in all to the sum of five
of six per ceutum per annum payable semi-annualy,
and having arrear of interest due and unpaid Of8buut
hundred and forty thousand dollars the principal
OF said bonds being payable the first day of March,
in the year OF ow Lord eighteen hundred and seventy
seven
The sale will be conducted by Messrs WARDLAW
& CAREW, Brokers, No. II Br I'D street, Charleston,
g. c., and to theue gentlemen parties desiring to pur
chase referred for full and delaed information
in regard to the premises.
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