New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-21
OFFICIAL NOTICES.
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 franchise.

w Texas Railroad Company, q corporation Gre
ated by the State Of Alabama BY an act OF the
to incorporate the New Orleans Mobile and Chat
tanooga Railroad Company" approved November
and approved as 60dy polite and corporate by an
act OF the General Assembly of the state of Lou.
Mobile and Chattanooga Railroad Company. cor
poraton of the State Of Alabama, and authorizing
snG ny said to exercise
name Of said company having been subsequently
General Assembly of the State Of Louisiana approx.
ed eighteenth April, 1871. from the New Orleans,
New Orleans, Mobile and Texas Railroad Com
pany, did under its original name, to wit: THE
New Orleans, Mobile and Chattarooga Railroad
Company" and by virtue of the provisions of an
act Of the General Assembly of the State OF Louisi
the railroad Of the New Orleans. Mobile and Chat.
tanooga Railroad Company in the State of Louisi-
ana, approved February n 1863, execute an inden-
tween it and the Governor of the State of Louisi-
ana, as trustee. for the purpose of securing the
bonds known as second mortgage bonds of the
New Orleans Mobile and Chattanooga Railroad
and for the further purpose of securing the
State Of LOUISIANA a S "a; as gnarantor OF said
the then Governor of the State ef Louisiana.
and his successors in office. as trustees,
the main line of railroad OF the said company con-
structed or to be constructed in that part OF the
State of Louisiana lying west OF the Mississippi
river. The said main line extending from the
opposite the city OF New Orleans, westward to the
point where it shall cross the western boundary ct
sae o. Of anV road bsds d.
tons OF the said line of raI Dad and all the other
rights. interests and estates of the said company
in and to the lands occupied by said railroad, or
thereafter to be acquired for that purpose, and
all depOts, station houses engine houses. car
houses. freight houses stOrehOuses. warehouses,
wood houses sheds, wharves, machine shops re-
pair shops. business offices. and other offices shops
and buildings all engines and tehdsr cars I aaa
fuel and material, and all real and personal
estate within the state of Louisiana ap,
purtenant to necessary for the operation of said
main line of railroad then owned or thereafter ae-
quired by said company, and also all the corporate
by the State of Louisiana relative the cOnstruc-
tioI, operation and use of said main line of railroad
or any part thereof IN said state OF Louisiana ana
act, approved February II, 1862 provides that an
case default shall be made by said company in the
payment of the interest Of said second mortgage
bonds or any part of them and the same shall
main in arrears for sixty days after becoming due
pal Of all the bonds secured by said indenture and
then outstanding shall upon the expiration OF said
such default it shall be lawful for the GoveinOr of
Louisiana and bis successors in office personally
| or by attorney. or attorneys Or agents, or
agent, to be selected and empowered for
| that purpose by the Governor aforesaid and his
| successors Office to sell and dispose OF all
and singular the property and FRANCHISES before
mentioned, and more particularly descr bed in
| said lndenture at public auction, at such time and
New orleans as the said Governor and his success
| kors in Office may designate and appoint, having
first given notice Of the tune and place Of sale By
| advertisements. 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, and in each and every issue of said daily
/ newspapers. And the said Governor his suc-
cessors in Office is, on the completion of such sale,
authorized by said indenture to make a convey:
ance OF the property SO sold to the purchaser and
the said indenturs further empowers the sale OF
said property, real and personal and the franchise
aforesaid in such portions as the said Governor or
his successor in office may deem advisable, having
| just reference to the rights and interests of all
| parties to be affected thereby, and duly observing
| the laws of the State of Louisiana and the pro.
visions OF said indeuture in reference thereto.
And the said indenture further provides. that in
provisions of the third and thirteenth sections or
the said act Of the General Assembly of the State
| Of Louisiana, approved February H. 1863, which
provides that the rolling stock and personal prop
line of railroad which snail have been constructed
and operated, and shall be apportioned equally
| upon each mile thereof, and shall be deemed pro-
| ceeds of the completed portion of the road, and
that sale may be made of said railroad subject to
the Lien OF the first mortgage and accrued interest
| gage to secure bonds TO the extent OF $780,
and accrued interest thereon, per mile; and,
| whereas, said indenture of second mortgage.
! in compliance with terms of said act of
the General ASSEMBLY,. approved February II,
Secretary of State of the State of Louisiana;
| and. whereas. said company has issued bonds of
~ v IN he vea IBIS With eab1 ner o cent ,i inter-
| est per aanum, payable semi-annually the first
| day of January and July OF each year, said inter-
est being represel ed by coupons of S 40 each,
| 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 II. 1869; and, whereas, the
| said company has made default in the payment Of
the interest on said bonds 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 the
power and authority in vested by said act Of
February, 1869, and said fndenture of mortgage
dated July !. ls.9. and as trustee under
| will proceed, through G. E. Girardey, auction
| eer, in the city of New Orleans whom l hereby
designate as my agent and attorney for that puT-
| and appurtenancee, hereinbefore mentioned and
described at public auction to the highest bidder
| Auction Exchange, in the ROtunda of the ST.
Charles Hotel in the city of New Orleans on WE'D
tons and subject to the lien Of the first mortgage
| which is a lien securing first mortgage bonded to
the extent Of $l2 500 per mile, and the purchaser
| itiswe understood. is to take the property adjud-
Gated subject to said umbrances, and the bid
! WHICH he makes will be considered bid for 50
| much over and above said incumbrauce, and the
| entire amount bid is to be paid in cash, without
| any deduction whatever.
The main line of railroad to be sold commences
| 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
Il where it intersects and crosses the western
| boundary OF the State of Louisiana in the parish
of Calcasieu by virtue Of the provisions of said
act of the General Assembly Of the State of LOUISE
| ana. approved seventeenth February, 1869, the
rolling stock and personal property is apport1oned
to that portion of the road completed and in opera
| ton. ..--.
| The sale will be made in sections as follows:
| Section j. From the point Westwego, opposite
| the city of New Orleans, on the west bank of the
| Mississippi river. TO distance of seventy miles,
and embraces all the main line of road completed
and in operation, and in this section is incuded all
the rolling stock, cars engines and personal prop
erty Of the company attached to the whole of said
| main line of road.
Section 2. All the right, title and interest that
| the State Of Louisiana may have in and to the
| property lying between point distant seventy
| miles from the point Westweg0 and the Sabine
/ river. .
The purchaser of each section respectiyely
| acquires all the rights of way, road, beds,
l and superstructures, and all other rights in
| terests and estates of the company in and
| to the lands occupied by the COMPANY,
| TONS and also all depots stationlouses, engine
! or carhouses, weOdhOuses freight storehouses,
| warehouses, sheds, wharves, machine Shops
| sloDgS, repair shops, business other Offices,
shops and buildings situated within the limits OF
each section respectively, and also the corporate
| franchises and privileges granted by the State OF
l 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, so far as t.ey applicable to the sections
purchased. -. OIL.
| - WILLIAM P. KELLOGG,
l .....,. .. Governor and Trustee.
49, c.. E. GIRARDEY,
Auctioneer and.agent designated to make sale.
NOTICE TO TAXPAYERS,