New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-04
OFFICIAL NOTICES.
AUCTION SALE,
Trustees Sale of the Main Line OF the
New Orleans, Mobile and Texas Rail-
rond, West Of the Mississippi River.
and its AppurtenRnces and Franchise.

ated by the State OF Alabama by an act OF the
General Assembly of SAID State, entitled IAN act
to incorporate the New Orleans Mobile and Cha,o
ssno ,sss Railroad Company" approved Neyenber
and approved as body polite and corporate by an
act CT the General Assembly of the State of Lou
Mobile and Chattanooga Railroad Company, cor
roration Of the State of Alabama and authorizing
and empowering said company to exercise and
enjoy its corporate powers and franchise in the
State of Louisiana" approved August 49, Is IS, the
changed by authority of Joint rssolntisp Of the
General Assembly of the State of Lousian approv.
ed eighteenth April, 1871, from the New Orleans
Mobile and Chattanooga Railroad Company to tho
New Orleans, Mobile and Texas Railroad Come
pary did, under its original name, to Wit: "The
Company" and by virtue of the provisions of an
entitled act to expedite the construc. ion Of
the railroad Of the New Orleans. Mobile and Chat.
,anooga Railroad Company in the State of Lou.si-
ture the first day CT July. iii the year 1870, beo
tween it AID the Governor of the state Of Louise
payment Of the principal and interest Of certain
bonds, known as second mortgage bonds of tie
Company, guaranteed by the State t q Louisianae
and fer the further purpose Of securing the
the shen Governor Of the State Of IQllsanse
and his successors in office, as Orusteeso
the main line Of railroad of the said company cone
structed to be constructed in that part of the
State Of Louisiana lying west OF the Mississippi
rivrro The said main line extending fiom the
point where ehall intersect the Mississippi river
opposite the city Of New Orleans. westward to this
The state Of Louisiana, in the parish OF Cacasiens
also all the rights of any road beds and suDerstruco
lions of the said line of railroad aud all the oheS
rights Interests and estates of the said conpan@
ils and 20 the lands occupied by sad railroad OF
thereafter 10 be acquired for thSt purpose ans
ali Gepots, station horseso engine houses gag
houses. freight houses stOrehouseso Safehouseso
wood houses. sheds. wharvess machine shops
and S siiiiS,sss all engines and tenders cars and
other rolling stockc ali machinery &1fvress
ss,st anu sSn The State of Lo na a
purterant to necessary for She operation OF SAID
main line Of railroad then owned o. thereafter aee
Qured by said COMPANY and also all the corporate
franchises and privileges of said company granted
by she State OF Louisiana relative to the constduos
tione operation snd use Of said main ias Of saroaS
or any part thereof in ssi6 State Of louisiana aD&
said ndenru.e in pursuance of the provsi"os of s&
case defauls shs be made b. said company in s:,S
payment OF the interest Os said secoLG mortgage
bonds or any part Of them, and the same shall Eeo
main id arrears for sixty DAYS after becoming Gus
and Being demanded OF said company, tlie prince
| pa Of al. the bonds secured BY said ndenture and
| then tstanding shall upon the expiration Of said
! sixty DAYS become due and payable. and in case 90
such defsult j: ets be iawfli for the Governor @s
Louisiana and his successors in Office personally
] ne By attorney or attorneys 0e ageats, @S
| AGENT 20 3e selected and empowered soS
[ successors 2r Office TO sell and dispose os ala
and singular Che property snd franchises beios@
said indenfure at public auctons at such tnle AKA
place in the city of New York in the ciSy %
l a.
sore q Office may designate and, appoint. having
first gwen notice of the same asd pacs os sale by
! ADVERTISEMENT published not less than sic weeka
immediately PRIOR 20 the time designated sor sucA
| gale 81 one OF more Of the daily newspapers pube
sshsd i:i each III said cites of New fosk and New
! Cr.eanse ana in esch and esery issue OF said daily
| newspapers And rhe said Governor or his suoo
cessors in ONCE is, on the completion of9suoL sale
| authorized by ssid indenture to make convene
ance of the property sold to the purchaser, and
the said indenturs further empowers the sale CO
said property real and personal. aud the franchise
l
BIS successor in office may deem advisable having
| Sust refereGce 20 Che hts and interests of alS
| parties to BE affected bye and duly observing
the Jaws of the Sta Louisiana snd the r88
s5sions of said indenture reference thereto.
! And the said indenture :ther provides, SLaS 10
| making such sale, reference shall be had TO eha
provisions of the third and thirteenth sections os
os Louisiana approved Febr 4ry l7s 1863, w5sie!o
provides that the rolling stoc ana personal 9yoyo
line OF railroad which shall have been consss actsd
| and Opersted and shall a apportoned equally
eeeGs Of. the completed portion OF the road, antS
thas SAFE may be made of said railroad subject Sc
the lien St che first mortgage and accrued interess
thereon. mentioned in said act, which is morto
gage TO secure bonds TO she extent of Sl2Sose
and accrued interest fhereono per, nlls8 ands
Whereas said indenture of second mertgagee
IL compliance with terms of ssid acs off
The General Assembly, approved February ~
Secretary of state OF the State of Louisianas
ande Whereas said company has issued bonds os
sl., eaela dated JAY l. la'oo payable OF the firss
est per aurum, payable semi annually. ou the frs9
Gay OF January and JUS OF each year said inteSo
est being represented by coupons of IS 40 each aI1o
| nexed to said bonds, ard said bonds have been
guaranteed by the State of Louisiana in the fnano
act approved February lie 1863; and whereas, Tic
said company las made default in She payment og
che interest on said bonds guara nteed and said
interest has remained in arrears and unpaid by tho
said company more than sixty days after the same
and whereas, said default has continued up u tic
present time. Now, therefore. by virtue of tha
power and authority in me vested bJaafd act os
| She General Assembly, approved sev6nte enths OF
February 1862 and said indenture of MORTGAGE
dated dat July !. as:,' sa and as trustee andes
eer. in the city Of New Orleans, whom, / hereby
designate as my agent and attorney for tbas pure
pose. to sell said main line of railroad its franchiee
and appnrtenances, herenbefore mentioned and
Described AZ public ancttone to the highest hdderc
AUCTION Exchange 81 the Rotunda of she sPe
Charles Hotel. in the city Of New Orleans. on WEsss
tons and subject to the lion Of the first mortgage
which is a lien securing first mortgage. boudsd to
iii well understood is to take the property adiutse
Gated subject to said incum brances and Che big
! much over and sbeve said mount rancs, and tho
| entire amount bid is se be Said 10 cash. wGJags
! any deduct 1n whatever.
The main line of railroad 80 be sofa commence
81 the point Westwego opposite ,, site the city Of Se
| where i: intersec.s and. crosses the western
boundary. o! she state Of Louisiana Ia sis pariss
Of Calcasie.o BY sircuss of Che srovisioaa OF sah
act Of She Genera! Assembly Of the state Of Lonss
| anao approved seventeenth February, 1862 th.s
| rolling stock and personal property SIS appogtiofeS
t" that portion OF the yoa5 completed igJ ~ 0peOso
si0ne
| TGe sails .xi.! BE made IL sections, ss follows
| Section :. Frone she point Westwegos opposi9@
| ffe city Of New Orleans. on the west bank OF the
Mississippi river. te distance of seventy mileso
and embraces all the main line of road completed
and in operation. and ia this section is 9nciuded s6
the Soi,inS stock sass. engines and personal props
erfs OF the company attached 10 the whole Of sajS
F.! nsair h!e of road.
Section p sls the sig!s. sitfe ans :nseresg tdae
I the state of LOU siana may have in ana Shse
| property sying between a point distanS sevent9
| miles sSons sse so:s WeStwego and sue Salute
| gsvero
The purchaser Of eaeii section sesYeceigs9g
| acquires 40 the sights Of waYo eosS, Iecso
| and supeTs.rlctU.eso and all other rights iso
| terests ansi estates of She company ii ana
! to the lands occupied by the co,npanv.
| tons, and also all depots, stationhouscs, engine
| or carhonses. weo3aouses freight or stDrehousese
| warehouses; sheds, wllaeves, machine snop5a
| sidinss, repair shops, business or other offcese
| shops, and buildings situated within the limits or
each section respectively, and also the corporate
franchises and privileges granted by Che STATE os
| Louisiana in respect to the constructive opeFae
| tons, and are OF sad main 5ine "f ro4do aHe ace
| CURED BY the respective purchasers OF each seGo
tiono so far eiey applicable 80 S%e S@cS!a'GS
S:LGfAM r. REILoSSa
| Governor and Jr5sceoo
q e GIRARDEGe
Saeeoe!ceg 81 Ssess stesS sISsteS 70 Sn6E0 ga GO
IITI A.>EssMENyso
| osc.IcS SO Tnx-Pnyegse