New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-18


New Orleans, Mobile and Texas Kali.
road. West Of the mississippi Na~eE.
and its Appurfenances and Franclsi,x.
| WgEREAs THE NEW ORLEANS. MoslLH zNr
" Texas Railroad Company, q corporation ere
ated by the State of Alabama by aa act o the
uenera Assembly of SAID State, entitled ~ n acs
to incorporate tile New Orleans. Mobile and Chat
| Ianooga Railroad Company" approved NOve Bbep
"a. !0eo. which said corporation was recoy nize6
and approved body polite and corporate by A.,
act OF the General Assembly of the State o. Low
isna ; EMU ed AN act relative to the New On e
| Moblie ana Chattanooga Railroad COMPANY a cot
porat.on of the State of Alabama and autbo uzine
and enp o~ering sad company to exereis and
name of said company having been subse0, q, t
General Assembly of the State of Louisiana SD pror
| ed eighteenth April, 1871, from the New or cans
New Orleans. Mobile and Texas Railroad Com.
Eany. did, under its original name. to wit. .sThs
New Orleans, Mobile and Chattanooga Has lrosd
| COMPANY. and by virtue of the provisions Of an
act Of the General Assembly OF the State OF L on ia
ana entitled an act TO expedite the CONSTITUTES ion o.
| the railroad of the New Orleans Mobile ana Chat
| tanooga Railroad Company in the State OF Aonisi.
ana approved February H. 1869. execute an linden.
ture on the first day of July. in the year 1870 be
tween it and the Governor of the state OF Louis.
ana. as trustee, for the purpose of securin tha
payment OF the principal and interest of certain
bonds, known as second mortgage bonds OF the
| New Orleans. Mobile and Chattanooga Radlroad
Company. guaranteed by the State OF Louisiana
7
bonds; and did ~ said indentura eonyey 70
| the then Governor of the State CT Louls ana
and ms successors IN office, as trustees.
the main line OF railroad of the said com ay cor
structed or to ne constructed in that part of the
State OF Louisiana lying west of the Missx srptx
rivtr. The said main line extending from the
point where it shall ntersect the Mssissipra river
opposite the city OF New Orleans. westward to ths
point where it shall crOss the western boundary sf
the stare of Lou siana in the parish Of Calsa siex
also ali the rights OF any road beds and suDe
nj E;s
rights. interests and estates of the said coz.,pany
in and TO the lands occupied by SAIL railroad. or
thereafter to be acquired for that purpos :, and
al depots, station houses, engine houses cas
houses. freight houses, stOrehouses warea u4asfss
wood houses, sheds, wharves machine shops. re.
pair shops business Offices and other Offices sler,s
and buildings, all engines and tenders. Car a,sa
ilel and material and all real and p,s sansl
estate within the state of Louis ana Sy.
puienant TO or nece ssary for the operation SAID
main ne OF railroad then owned or thereafter 80.
GNired by said company and also all the 0zect
franchises and privileges of said company gisIttG
by the State of Louisiana relative to she ccasl.a,r
ton. operation and use of said main line OF bn cSd
or any part thereof in said State of Louisiana anx
said inGenture in pursuance the provisions III sa
act, approved February II, 1869 provides ta.y ri.
case default shall be made by sad company "a tia
payment OF the interest of said secoLd mo rtgase
bonds. or any part OF them, and tho me ehAl ~.
main in arrears for sixty DAYS after becors pr DUO.
and being demanded of sad company, the pima.
then outstanding shall upon the expiration ,ssssiE
sixty DAYS become due and pay able, and il y. So oil
| II m
Louisiana and his successors in office. personally
or by attorney. Or attorneys, agea1s. n
agent. 20 be selected and empowered for
that purpose by the Governor aforesaid a,gsi rio,
successors N office to sell and dispose %. nj
and singular the property and franchises DC fore,
mentioned. aud more particularly descrtbsa h-
said :ndenture at public auction at such g!,, AM,
pace in the city of New York or In the 4; ty o.
New Orleans as the said Governor and his n Goes.
sors in office may designate and appoint. Having.
first given notice Of the me and placs Of sale by
advert isement published not less than six " eeI.
Gf1ioYai 4h1t
sale. II oRe or more OF the daily newspapers buo-
!.sned in each of said cities of New York ana New
Orleans. ana III each and every issue OF sad daily.
newspapers. And the sad Governor or Ii AUG.
cessors N office is on the completion of suc!. sac
authorized by said indenture to make 81, yey.
ance OF the property so sold to the purchaser sas}
the said !ndenture further empowers the sale o:
said property. real and personal and the tran. hiso
aforesaid in such portions rs the said Governor o..
his successor III office may deem advisable IA v:rt.
just reference to the nights and interesta-.,: az
parties 20 be affected thereby and dIlv
the laws of the State of Louisiana and th,. mrs.
visions Of said lrdenture in ref+ renee thereto
And the said indentnre further provides, :naf i:
making such sale, reference shall be had ~ .a,.
provisions Of the third and thirteenth sects.,s o:
the said act of the General Assembly Of the state
provides Il at TIE rolling stock and persona, ,rrr.
erty shall! appertan to that portion of tbs. IAN;
lEe OF railroad winch snail have been constructed
and operated, and shall be aUpoItioned eaasll.
upon each mile thereof, and shall be deeme.: .,rg.
ceeds OF the completed portion of the rea o. arA.
that sale may be made OF said railroa1 sun. q: ri
the lien OF the first mortgage and accrued
thereon. mentioned in said act. which is a morn.
gage 70 secure bonds TO the extent of b.a5af.
and accrued interest thereon per mill. an.
whereas, said InGenture Of second mo..rssr
IN compliance with terms of said aus o..
1862 duly recorded in the oftce O.: .bs.
Secretary Of State of the State of Louisiana:
1000 each, dated july |. 1870, PAYABLE on III. frsc
Of July. in the year 1915 with eight per cen. inter-
EST per annumr payable semi. annually on I. 2 frs.
day Of January and July of each year sac, i.a.s-
esf being represented by coupons OF $40 eas. AZ.
nexed TO said bonds. and said bonds hsv.. beer.
guaranteed By the state of Louisiana in the r,,s!.
ner and in accordance with the PROVISIONS o, sa1.
act approved February II, 1863; and whereas. tbs.
said company has made default in the payra.nf o.
the interest On said bonds guaranteed anh sai2
interest has remained in arrears and unpaid NV r..
said company more than sixty days after the ssms.
became due and was demanded of said com, nony.
and. whereas. said default has continued 10 Il. til.
present time: Now. therefore by .virt1s Of ara.
power and authority in me vested BY said arg nj Z.
the General Assembly, approved sevente salr. nj
February 1862 and said indenture of mort gage.
said act and SAID indenture of mar. mes
Will proceed through G. 4. Girardey aaasIt,,.
eer, Il, the city of New Orleans, whom / !sIeoy
designate as my agent and attorney for thaa pa.
pose. !" sell saa main line of railroad its frar .tisa
and appurtenances, lerenbefore mentiopet: An:
tescllGed at pap-lc auction to the highest bsdGer
for cash. at twelve O'clock NJ. at the st. g.lsrI,s
auction Exchange. In the ROtnnda OF sbt, -
NESDAI. September 80, 1874 in the toliCw,,.r scr.
tons and subject TO the lien of the first Insr5gsgs
W. winch is .len securing first mortgage. bozLrdts
=
rs We'll undt rstoOd. is to take the property aiyt.
Gated subject 10 said membranes and .lre BIZ
which he makes VIII be considered bid TOR 20.
much owe: ami above said incumbr ance am. :nr.
entire amount bid is to be paid in cash = TIM.
any deduction Whatever.
The main line of railroad to be Bold cornr,f ;,rsr
al the pom, Wetiwego. opposite the city sf Ne'n
Orleans. or Che vest bank Of the Mlssissiptsy :re.
and extends westward toward and to tLs nor.
where :: i,tersec:s ard the svtstty,.
boundary OF the state OF Louisiana, III the tH1sst
Of Cacasiet., by virtue of the provisions ~ A.Ir
act OF the Genera! Assembly Of the state OF l.ous.
ana. appIored seventeenth February. bss sire
1o4ing stock aIC personal property is argc.- pny!
TO that potion OF the road completed ana lis tr,e,s
ton.
The sale wi! be made in sections as folis,s.
. Section L. From the point Westwego nppo. 80
the city OF New Orleans, the west DauL If ..,p.
Mississippi. river. 10 a distance of sevent,, .niJph
a nd embraces al the man line of road tsea
the ro!iin2 stock, cars, engines and persona .-oT
eIty OF the company attacLed to the who. u. .xss.
main line of road.
Section 2. All the right, title and i1tsra,,; I'm.
the state OF Louisiana may have in ard IT. IN,
property lying between a point distant srse.--
miles 'Ioia inc point Westwego and the sa.sa..
r.Ver.
The purchaser Of each section rsspcc:ir.f.
acquires al! the rights Of way road bb6.,
ana supe1s,ructures. and all other rights in.
u, ,ete .1 ana estates OF the company il. ans.
10 tne lands occupied By the COMPANY. ..n.
nraced within the territorial limits OF It's sA..
:ioiis. and asO all depOts, statiOnhOuses engine
or caThonses. weodhouses freight or storei, onsts.
warehouses. sheds. wlIarves, machine shOp~
s,dnss. repair shops, business either ol1ises.
shops and buildings situated within the l!nIts OF
each section respectively. and also the cor rOrste
franchises and privileges granted BY the SralH q.
LOUISIANA IN respect to the constructive opera
tons, and are Of said main line OF road. i.Tss acs
ton. SO far as they applicable to the sectipn.
purchased.
WILLIAM P KELLOGG
Governor and Trusf...
e. f. GIkARDEY