New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-23
OFFICIAL NOTICES,
AUCTION SALE.


AUCTION SALE.
Trustees Sale of the Main Line Of the
New Orleans. Mobile and Texas Rail-
road. West Of the Mississippi River
and its Appurtenances and Frnnchise.
WBEREAs, THE NEW ORLEANS. MOBILE AND
" Texas Railroad Company, corporation cre.
ated by the State of Alabama BY an act o + tho
General Assembly Of said State. entitled AN act
she New Mobile sna Chat
"a. 1876. which said corporation was reeog n,zed
and approved as q body polite and corporate by an
act OF the General Assembly of the State of Lou
sana, entitled IAN act relative to the New Or ans.
Mobile and Chattanooga Railroad Company. cor.
and empowering said company to exercise and
enjoy its corporate powers and franchise in the
name of said company having been subseonently
changed by authority Of a Joint resolution Of tina
ed eighteenth April, 1871, from the New Orleans
Mobile and Chattanooga Railroad Company to the
pany. did, under its original name. to wit: 'The
New Orleans Mobile and Chattanooga Railroad
1 hs 81
ana, entitled act to expedite the construct ion o.
the railroad of the New Orleans, Mobile and Chat.
fanooga Railroad Company in the State of Louisi.
ana approx ed February II. 1863 execute an linden.
tnre on the first day Of July in the year 1870 be-
ana. as trustee. for the purpose of securing tho
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
bonds: and did ty said indenturs convey to
the then Governor Of the State of Louisiana.
the main line Of railroad Of the said company
struc,ed or to DE constructed in that part Of the
state of Louisiana lying west OF the Msse sppi
river. The said main line extending from the
point where il shall intersect the Mississippi river
point where it shall cross the western boundary Of
the State of Louisiana, in the parish Of Calessieu
tons of the said line Of rail- DAD and ali the other
rights interests and estates of the said company
in and 70 the lands occupied By SAID railroad, o.
all depOts, station houses, engine bOuses car
| houses freight houses, srorehouses. warehouses
wood houses, sheds, wharves. machine shops: re.
pair shops business Offices and other Offices shops
and buildings, all engines and tenders. cars and
other rolling stock all machinery, fixtures,
| estate within the State of Louisiana sp.
main line Of railroad then owned OF Thereafter ae
qured by said company and also all the corporate
tranchises and pr,vileges Of said company granted
tiOn operation and use Of said nan ne of railroad
any part thereof in said State of Louisiana, and
act approved February ~, 1863, provides that in
case default shall be made by said company in the
bonds any part of them, and the shall
main in arrears for sixty days after becoming dusa
| OemAOueu COMPANY,
pal of sill the bonds secured BY said indenture and,
then QUITE tanCing shall upon the expiration Of said
sixty days become due and PAYABLE, and in case Of
| Louisiana and his successors in once, personally
or by attorney, or attorneys, or agents. or
| that purpose by the Governor Aforesaid and his
successors In office to sell and dispose of all
mentioned and more particularly desert bed in
said lndenture at public auction, at such time and
New orleans as tie said Governor and his success
| sOrs in office may designate and appoint, having
first given notice Of the II me and place Of sale By
| advertisement, published not less than six weeks
immediately PRIOR to the time designated for such
sale. il one or more Of the daily newspapers pub
Orleans, in each and every issue Of said daily
newspapers. And the sad Governor or his sue
authorized by said indenture to make c ZEN vey-
ance Of the property so sold to the purchaser and
said property, real and personal and the Ase
aforesaid in snch portions the said Governor
his successor in office NAV deem advisable, having
just reference to the rights and interests of all
parties to he affected thereby, and duly observing
the laws of the State of Louisiana and the pro.
| visions Of said indenture in reference thereto.
And the said indenture further provides that in
making such sale, reference shall be had to the
provisions of the third and thirteenth sections OF
the said act of the General Assembly of tho State
| of Louisiana, approved February II, 1869 which
provides that the rolling stock and personal prop
line of railroad which snail have been constr octed
and operated and shall be apRortioned equally
I
that sale may be made Of said railrcai subject to
| thereon, mentioned in said act which is q mort
gage to secure bonds 10 the extent of @l25Oc
IF m
in compliance with terms Of said act OF
the the General Assembly approved February II,
Secretary Of State of the State of Louisiana;
ant; whereas said company has issued bonds Of
8 1000 each dated July 1870. payable on the first
Of July, in the year 1875 with eight per inter
est per aunum, payable semi annually. the first
day of January and July of each year, said inter.
est being represented by coupons Of $40 each an
nexed to said bonds, and said bonds have been
her and in accordance with tho provisions of said
| act approved February II, 1862 and whereas, the
said company has made default in the pay ment Of
the int rest on said bonds 90 guaranteed and said
interest has remained in arrears and unpaid by the
said company more than sixty days after the same
and Whereas said default has continued up to the
present time; Now, therefore, BY virtue Of tho
February, 1861, and said indenture Of mortgage,
dated July and s9 n and as trustee under
will proceed. through G. Z. Grardev. auction.
eer. in the city of New Orleans, whom hereby
designate as my agent and attorney for that pur.
pOse to sell said main line OF railroad its franchise
and appurtenances. hereinbefors mentioned and
cash at oeoea st. c%snas
Auction Exchange, in the Rotunda of the 1T.
NBSDAY, September SC, 1874, in the following sec.
| tons, and subject to the lien Of the list mortgage
which 10 a lien securing first mortgage bonded to
the ext mt Of $l2, 500 per mile and the purchaser
1t well understood is to take the property adjud
Gated SUBJECT to said ncnmbrances, and the bid
| which he makes will be considered bid for so
| much over and above said incumbrance, and tho
| entire amount bid is to Ike paid in cash, without
any deduction whatever
The main line of railroad to be sold commen cee
at the point WestwegO, opposite the city Of New
Orleans. on the west bank of the Mississippi river
and extends westward toward and to the point
! where it intersects and crosses the western
OF Calcasieu, by virtue of the provisions OF ead
act of the General Assembly Of the State of Lousj-
| ana. approved seventeenth February, 1863 the
rolling stock and personal property is apportoned
to that portion of the road completed and in opera
| ton.
The sale will be made in sect; ons as follows:
Section l. From the point West wegO, opposite
the city OF New Orleans on the west bank of the
and embraces all the NAN line of road Completed
and in operation. and in this section ia included an
the rolling stock, cars. engines and personal PROF.
er'y OF the company attached to the whole OF said
nam line of road.
Section 2. All the right title and interest tina.
the State OF Louisiana may have in and to the
property lying between point distant seventy
miles from the point Westweso and tho Sabine
river
The purchaser of each &c ton respectively
ACQUIRES all the rights Of way, ROAD, beds,
and supers 'ructures, and all other rights in.
terests and estates OF the company in and
to the lands occupied by the COMPANY,
braced within the territorial limits OF the sec =
tons, aud also all depots, stationh0uses, engine
or carhOu5es, woOdhOuses freight stOreh Ouses,
ware iouses, sheds, wharves, machine shops.
sidinSs. repair shops, business or other offices,
shops, and buildings situated within the limits OK
each section respectively, and also the corporate
franchises and vileges granted by the state OK
To