New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-30
iCCTK0S SALE,
Trustees sale OF the H:ain Line of the
New Orleans, Mobile and Texas Rail.
road, West Of the Mississippi River,


| WHEREAS THE NEW ORLEANS, M0BILEAND
w Texas Railroad Company, a corporation
ated by the state of Alabama by an act of the
Genera Assembly of said State entitled IAN act
| TO incorporate the New Orleans Mobile and Chat
| tanooga Railroad Company" approved November
"a, 1866, which said corporation recognized
and approved as body polite and corporate by
act or the General Assembly of the State of Lou
isana, entitled IAN act relative to the New Orleans
Mobile and Chattanooga Railroad Company, a cor
| poration of the State of Alabama, and authorizing
| and empowering said company to exercise and
ENJOY IT'S corporate powers and franchise in the
State OF Louisiana" approved August -, 10 g. the
| name OF sail company having been subsequently
| changed by authority of Joint resolution of the
General Assembly Of the State OF Louisiana approv.
| ed eighteenth ADrlL 1871 from the New Orleans,
| Mobile and Chattanooga Railroad Company to the
| New Orleans Mobile and Texas Railroad Com
| pany, did, under its original name, 20 wit The
| New Orleans Mobile and Chattanooga Railroad
| Company" and by virtue of the provisions OF an
of the General Assembly OF the STATE OF Louisi-
ana entitled an act to expedite the construction OF
t4c i'l 90. Vi nc NC" oiitdLs loolle ana thaI-
| tanooga Railroad Company in the STATE of Lousi-
ana, approved February Il, 1883 execute an inten.
ture the first day CT July. in the year 1870 be.
tween it aEd the Governor of the State of LOUISE
| ana, trustee, for the purpose of securing the
payment OF the principal and interest of certain
| bonds, known as second mortgage bonds Of the
| New Orleans Mobile and Chattanooga Railroad
| Company, guaranteed by the state OF Louisiana,
and for lhe further purpose of securing the
| bonds; and did ty said indentlre convey to
| the then Governor Of the State Of Louisiana,
the main line of railroad Of the said company con
| struced or to be constructed in that part of the
State OF Louisiana lying west Of the Mississippi
| riv.r. The said man line extending from the
point where il shall ntersect the Mississippi river
opposite the city OF New Orleans. westward TO the
point where it shall cross the western boundary
the state OF Louisiana, in the parish of Calcaseu:
also all the righte of any road beds and
lions OF the said line of railroad and all the other
rights interests and estates Of the said company
| in and to the lands occupied By sand railroad, or
| thereafter to be acquired for that purpose, and
OIL frtr-l Int,
houses freight houses, storeh0uses. 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
| fuel and material, and al real and personal
| estate within the state OF Louisiana ap-
purterant to or necessary Tor the operation OF said
| main line OF railroad then owned thereafter &C.
CURED by said company, and also ell the corporate
| franchises and privileges OF said company granted
by the State of Louisiana ative to the c0nstruc-
ton operation and use of said main he of railroad
or any part thereof in said State of Louisiana and
said nGenture in pursuance OF the provisions OF said
| act approved February II, 1863, prov des that in
! case default shall be made by said COMPANY i'll the
| payment of the interest of said seco,.d mortgage
| bonds any part OF them and the same shall re.
main in arrears for sixty DAYS after becoming due
| and being demanded OF said company the princi
pal of all the bonds secured BY said ndentuTe and
then outstanding shall upon the expiration Of said
sixty DAYS become due and payable, and in case Of
sucn defaultit shah he lawful for the Governor of
Louisiana and his successors in office, personally
| or by attorney, attorneys, or agents, or
that purpose by the Governor aforesaid and his
! successors III Office to sell and dispose of all
and singula the property aud franchises before
| MENTIONED and more particularly descrt bed in
said ndenture at public auction, at such time and
| place in the city Of New York IN the city Of
| New Orleans as the said Governor and his success
sors in Office may designate and appoint, having
first gwen notice Of the ylme and place OF sale by
aGvci isement published not less than six weeks
Immediately pTIor 10 the time designated for such
sale il Of the daily newspapers pub
lished III each OF said cities Of New York and Ne
Orleans, taCA and every OF sad daily
newspapers And the sa Governor or his t1ic-
cessors in Office is on the competion Of such sale
authorized by said ndenture to make convey
ance of the property sold to the purchaser, and
| the said indeEture further empowers the sale Of
said property, real and personal, and the franchise
aforesaid IN sch portions as me SAD Governor or
I his successor in Office MAY deem advisable. having
| Just reference 10 the rights ana interests al an
| parties TO be affected thereby, and duly op6tryn9
! the laws OF the State of Louisiana aud the pro
visions Of said indeuture in reference thereto.
| And the said ndenture further provides. that in
| making such sale, reference snail be lad to the
provisions of the third and thirteenth sections OF
the said act of the General Assembly, of the State
| OF Louisiana, approved February i, 1883 which
provides that the rolling stock and personal prop
| erty shall appertain TO that portion of the main
line of railroad which snail have been constructed
| and operated and shall be appOrtioued equally
| upon each mile thereof, and shah be deemed pro
| ceeds Of the completed portion Of the road, and
that sale may be made OF said railroad subject to
the lien al the first mortgage and accrued interest
thereon, mentioned i'll said act which is mort
| gage TO secure bonds 10 the extent OF Sl2,5tr,
| and accrued interest thereon, per milf; and,
whereas, said indenture of second mortgage,
the General Assemble. approved February Il,
| 1869. duly recorded IN the Office OF tae
Secretary OF State OF the state OF Louisiana;
| and. whereas, said company has issued bonds OF
s 1000 each dated July l. 1870, PAYABLE on the first
Of July, in the year 1915 with eight percent inter
| est per aunum, payable semi-anuualiv, Gu 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, aud said bonds have been
| guaranteed by the State Of Louisiana in the man.
! ner and in accordance with the provisions Of said
act approved February L, 1862 and, whereas, the
| said company has made default in the payment OF
| the interest said bonds SO guaranteed, AID said
interest has remained in arrears aad unpaid by the
said company more than sixty days after the same
| became due and demanded OF said company;
and, whereas, said default has continued up 10 tle
present time Now, therefore, by virtue OF the
| power and authority in me vested by said act of
the General Assembly approved seventeenth of
! February 1862, and said indentllre of mortgage,
dated July !, 1870, and as trustee under
! I will proceed, through c. E. Girardev auction
eer, in the city of New Orleans, whom hereby
designate my agent and attorney for Il at pur.
pose to sell main line of railroad its franchise
| and appurtenances, hereinbefore mentioned and
descr bed a. public auction to the highest bidder
for cash, at twelve O'clock NJ, at the st. Charles
| Auction Exchange, in the Rotunda of the st
Charles Hotter. in the city of New Orleans, on WE'D
| NESDAY, September 80, 1874, in the following sec
tons, and subject the lien of tbs first mortgage
which is lien securing first mortgage, bonded to
the ext.nt OF Sl2, 500 per mile and the purchaser
it is well understood, is to take the property adiud
| Gated subject to said incunl branc6s, and the bid
:. which he makes will be considered bid for Sc
much over ana above said mcumbrance, and the
| entire amount bid is to be paid IN cash, without
! aav deduction whatever.
The main line of railroad to be sold commence
| at the point Westweso, opposite the city of New
| Orleans, the west bank of the Mississippi river
and extends westward toward and TO the pon
| where it intersects and crosses the western
! boundary of the State of Louisiana, in the parish
| Of Calcaseu, by virtue of the provisions of said
act of the General Assembly of the state of Lousi
ana. approved seventeenth February, 1869, thu
rolling stock and personal property is apporuone.
to that portion of the road completed and in opera
| ton.
| The sale viii be made in sections as follows:
Section l. Prom the point Westwego opposite
the city of New Orleans on the West bank OF III
| and embraces all the man line OF road completed
and in operation and in this section is lnciuqed al
the rolling stock, cars, engines ard personal prop
erty of the company attach ed to the whole of sait
| main line Of road.
Section p All the right title and interest that
the State of Louisiana may have N and to tn.
, | property lying between point distant seventy
miles from the point Westwego and the SABINE
/ river.
| The purchaser of each section respectivell
acquires all the rights OF way, roa1, peas
| and superstructures, and all other rights il
. terests and estates of the company in ana
to the lands occupied by the company, EN-
braced within the territorial limits OF the sec
TONS and also all depots, stationhouses. engln
. or carhouses, weodhouses freight or storehouses
warehouses; sheds, wharves, machine shops
sdings, repair shops, business or other offices
shops and buildings situated within the limits OF
each section respectively, and also the corporate
franchises and privileges granted pS tne state
: Louisiana, in respect TO the constructive opera
tons and are OF said main line OF road, are ac
CURED by the respective purchasers Of each sec
ton, far as they are applicable to the sections
| purchased.
WILLIAM P. KELLOGG
Governor and Trustee.
| c. E. GIRARDEY
Auctioneer and agent designated to make sale.
aul6 CIV
NOTICE TO TAXPAYERS,