New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-20

rond, West of the Mississippi RiScrs
and it's Appurtenances and Franc Aise.
WHEREAS, THE NEW ORLEANS MoB,L Il AND
W Texas Railroad Company, corporation cry
ated by the state of Alabama by an acs Of Ira
to incorporate the New Orleans, Mobile ana Chat
tanooga Railroad Company" approved Nos tim baZ
"a. 1866. which said corporation was reepgn1zes%
ana approved as body polite and corporate BIZ Az
act OF the General Assembly of the State OF Lo-a-
isiana, entitled IAN act relative to the New or ED.
poratiOn Of the State Of Alabama and authe ri xns
and empowering said company to exercise nzsa
State OF Louisiana" approved August 49, 81. tsse
name of said company having been subsecEsn tgy s.
ss p
ed eighteenth April 1871, from the New O, Il AKA
Mobile and Chattanooga Railroad Company TO tls
New Orleans, Mobile and Texas Railroad Con.
pany, did, under its original name, to wit: '"rbs
New Orleans, Mobile and Chattanooga Railroad
Company and By virtue of the provisions at OK
act of the General assembly OF the State Of Lo1lai.
ana entitled an act to expedite the construct 1nu.
tanooga Railroad Company in the State of Louis.
ana. approved February II, 1863 execute index.
ture the first day of July. in the year l5-o be.
ana. trustee, for the purpose of securing tbs.
payment of the principal and interest of certain
New Orleans, Mobile and Chattanooga Railroad.
Company. guaranteed by the State OF Louisiana,
and for the. further purpose of securing the
State OF Louisiana AS guarantOr OF &aM
bonds: and did by said indentnrs convey 80
the then Governor OF the State Of Louisiana.
and his successors in office. as trustees.
the main line of railroad of the said company con
structed or to De constructed in that part of ths
state Of Louisiana lying west OF the Missn aipy,;
river The said main line extending from ia,
point where it shall intersect the Mississippi rive
opposite the city OF New Orleans. west ward 10 the
point where it shall cross the western boundary o.
the State of Louisiana i'll the parish Of Cacasiszl;
also all the rights of any road beds and SUBJ asilue
tons of the said line of rail- DAD, and all the otfs
rights. interests and estates of the said c0uiraIy
in and to the lands occupied by SAID railroad o.
thereafter to he acquired tor that purpose. and
all depOts, station houses, rine hoaseb. caG.
houses, freight houses, store houses. wsre s'ises.
wood houses, sheds, wharves, machine shotss,
pair shops, business Offices and other office 3 shcps
and buildings, all engines and tenders. caIs and
other rolling stock, all machinery, hxcn-Rs.
estate within the state of Louisana .y.
purteEant to or necessary for the operation f SAL:
main line of railroad then owned or thereafter AZ.
Quired by said company and also all the coyyOrasS
franchises and privileges OF said company grnte<:
by the state of louisiana relative to the cons;re
ton, operation and ice of said main line of rrC al:
any part thereof in said State of Lousia,l, AKA.
said inGenture in pursuance of the provision Of Sail
case default shall be made by said company N tbs.
payment of the interest of said secOLd mosigsgs
bonds, or any part of them, and the same shAll
main in arrears for sixty DAYS after becoming ilae
and being demanded of said company. the Ir:nsi.
pa Of AL the bonds secured by said indentnYe a,;fs
then outstanding shall upon the expiration ef sai Ii
sixty DAYS become due and pay able and in thse ST
such default it shall be lawful for the Governor o-
Louisiana and his successors in office. persona. "
by attorney, or attorneys, agelly "a.
agent, 20 be selected and empowered To-.
that purpose by the Governor aforesaid and ! y
successors III office to sell and dispose of AZ
and singular the property and franchises oe.cre
mentioned, and more particularly described n.
SAID nden . at pusc smcson at sac t.rDt s-t:
New Orleans as the said Governor and his tlleets.
sors in Office may designate and appoint HAVING
first given notice of the Il me and plac, Of sale ny
advertisement, published not less than eil weeks
mmed ately prior to the time designated sor sul:l
sale. in orc or more Of the daily Wrappers pvs-
lished in each of said cities of New York and NV
Orleans, ana in each and every issue of said ds
newspapers. And the sad Governor or ki snr.
cessors in Office is OIL the completion of sucn ne.
authorized by said indenture to make a ceArt
ance of the property SO sold to the purchase az;
the said indenture further empowers the sale o.
said property real and personal and the fra2rh
aforesaid i'll such portions as the said Governor 1r
his successor in office may deem advisable, hn v11g:
just reference to the rights and interests Of al
parties to be affected thereby, and duly ODserv .
the laws Of the State of Louisiana and the pIa.
visions of said indenture in reference thereto.
And the said indenture further provides, tina; 4.
making such sale. reference shall be had 20 Ihe
DIVISIONS OF the third and thirteenth sections q:
of Louisiana, approved February II, 1860. which
provides that the rolling stock ard personal pIIE-
erty shall appertan to that portion of the InaI
line of railroad which snail have been const yuc.t.F
and operated. and shall be appo1tioned et,ua,l.
ceeds Of the completed portion Of the road BnG
that sale may he made OF said railroad subject
thereon mentioned in said act, which is a mors.
gage to secure bonds 10 the extent of $1,000.
and accrued interest thereon, per mil-; ard.
whereas, said indenture of second mort agr-
in compliance with terms Of said act g:
the General Assembly; approved februarr =,
Secretary of State of the State of Louisiana;
and whereas, said company has issued bonds %
s 1000 each dated July L. 1870. payable on tbe n-si
of July, in the year 1915, with eight per cent inter
est per anNum payable semi'annually. on the ETss
day of January and July of each year saidsIlse1'.
est being represented by coupons of IS 10 each
ne xed to said bonds, and said bonds have bsen
guaranteed by the State Of Louisiana in the rna+s
and in accordance with the provisions OF sall
act approved February II, 1869; and whereas th..
said company has made default in the payment o.
the interest on said bonds SO guaranteed anl. sand
interest has remained i'll arrears and unpaid Dy tx
said company more than sixty days after the Saus
became due and was demanded of said cora panss
and whereas, said default has continued 80 thsS
present time. Now, therefore. by virtue Of Ike
power and authority in me vested by said act o.
February, 1861 and said indenture of mortgage,
dated Jaly l, 1870, and trustee IIIdsr
said act and said indenture of mortgage,
will proceed, through C. +. Grardey aNctiDr-
Ger. in the city of New Orleans, whom I ntIspy
designate as nv agent and attorney for thai Pr:
and appurtenances hereinbefore mentioned Rni.
described a: public auc on, to the highest BIDDER.
Auction Exchange. in the Rotunda OF the s..
Charles Hotel in the city of New Orleans, on " FL.
NESDAY, September 80, 1874, in the following see.
tons. and subject to the lien of the first mort gage.
which is lien securing first mortgage, bonded "a
the ext. mt OF Sl2 500 per mlle and the c ases
it is well understood is to take the property 70 juc.
which he makes will be considered a bid ior s<s
much over and Absve said incum brance, and th~
entire amount bid 10 to be paid in cash, :be,.S
| any deduction whatever.
The main line of railroad to be sold eo,nEneneas
At the point WestwegO. opposite the city CT New
Orleans. the west bank of the MississippI river.
! and extends westward toward and to the pom:
where it intersects and crosses the steIr
boundary OF the State OF louisiana in the parish
of Calcaseu. by virtue OF the provisions 81 san
act of the General Assembly Of the State OF Louisi.
| ana. approved seventeenth February 1860. sh~
rolling stock and personal property is airport .ons
to that portion OF the road completed and 3rs.a.
1 ton.
| The sale vii! he n ade In sections rs foro-E
| Section I. From the point West wego. Oppoe'. =
the city Of New Orleans, on the west bank IF .h.s
Mississippi river. to distance of sevent- :DiIc..
ard embraces ali the line Of road ,le;ts
and operation. and ia this sector, is incl e.:
the rolling stock ears. engines and personal pro
erty of tine company attacked to the Who'll. Ut s.s:
| main line Of road.
| section 2. All the right. title and interest cha:
the State of Louisiana may have in and 30 :Ea
property lying between point distant seven. .
| miles :gom the point "estweso and "a. ssass
Iiyere
| The purchaser Of each eestion respective,
! acquires all the rights Of wav. road, beds.
and sUpers'EUctures. and all othe, cigh.s 81.
| teyests and estates OF the company 70 aIas
| 20 tie lands occupied by the company. sns'
braced within the territorial limits OF tie se.'
! tons. and also al! depots. statOnhouses. ensiaS
or carhouses. woOdhouses. freight or storehousts.
] warehouses. sheds. wharces. machine shops.
| sidngs. repair shops. business or other or ces:
| AhOps. and buildings situated within the ilrnits -
each section respectively. and also the cor poralr
franchises and privileges granted by the Ssa.s e'
Louisiana, in respect to the constructive ofe Ta'
tons. and O: said main Zine OF rotc are Vs.
g,,ired bv the respective purchasers OF eac. stc'
ton. far as they al. applicable to IN" s'c'-S.s
'"" WILLIAM P. KELLOGG,
l Governor and Ir.,:ce.
| T.. T. GlRARDEY.
I D. i,vriA Il m m