New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-20
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 In Appurtenances and Franchise.

w Texas Railroad Company, Q corporation Gre
ated by the State Of Alabama BY an act of the
to q and
fano0ga Railroad Company" approved November
d. 1866, which said corporation was recognised
act Of the General Assembly Of the state Of Lou.
siana entitled IAN oct relative to the New Orleans,
poration Of the State Of A'abama, and Authorizing
and empowering said company to exercise and
sats Of ana franchise IN me
name Of said company having been subseauer thy
CHANGED by authority Of ioint resolution OF the
ed eighteenth April. 1871, from the New Orleans.
Mobile and Chattanooga Railroad Company to the
pany, did under it's original name to wit: .sThs
New Orleans, Mobile and Chattanooga Railroad
Company and by virtue Of The provisions of an
the railroad of the New Orleans Mobile and Chat
ana. approved February H. 1863, execute an inden
ture on the FIRST day Of July. in the year 1870, be-
tween it asd the Governor Of the State OF Louisi-
payment Of the principal and interest of certain
bonds, known as second mortgage bonds of the
Company guaranteed by the State Of Louisiana,
and for the further purpose Of securing the
Ss.ss Of saa d9 ~ .. e of said
the then Governor Of the State Of Louisiana.
and his successors in office, as trustees,
structed or to be constructed in that part Of the
State Of Louisiana lying west Of the Mississippi
point where it shall intersect the Mississippi river
opposite the city Of New Orleans westward to the
point where it shsll cross the western boundary Of
the State Of Louisiana In the parish Of Cacasieu;
also all the rights Of any road beds and rstruc
tons Of the said line of railroad and all the other
in And to the Lands occupied by said railroad, or
thereafter to be acquired for that purpose. and
al depots station houses, engine houses, car
wood houses, sheds, wharves, machine shops re-
pair shops business ofhces and other Offices shops
other rolling stock. all machinery, futures.
fuel and material, and all real and personal
estate within the state of Louisiana sp-
purtenant to necessary for the operation Of said
main line Of railroad then owned or thereafter &C.
quired " said company, and also all the corporate
by the State Of Louisiana relative to the construc
ton operation and use of said main line of railroad
or part II IN :.c s5atS OF and
case default shah be made by sad company in the
bonds or any part Of them, and the same shal re-
main in srrears for sixty days after becoming due
and being demanded Of said company. the princi-
pal Of al the bonds secured BY said indentuIe and
then outstanding shall upon the expiration Of said
sixty days become due and payable, and in case Of
Louisiana and his successors in office, personally
or by attorney. or attorneys. or agents, or
empowered
that purpose by the Governor aforesaid and his
successors IN ONCE to sell and dispose of all
and singular the property and franchises before
mentioned aud more particularly describ bed in
said ,ndenture 1t public auction, at such time and
place in the city Of New York OF in the city Of
sors in office may designate and appoint, having
first given notice Of the time and pace Of sale by
advertisement, published not less than six weeks
sale, in one or more OF the daily newspapers pub
lished in each Of said cities Of New York and New
newspapers And the said Governor his suc-
cessors in oce is, on the completion of such sale,
ance Of the property 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 nights and interests of ali
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 eaie reference sshall be had to the
visions of the third and thirteenth sections of
the said act Of the General Assembly of the State
provides tina, 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 apportoned 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
thereon, mentioned Ia said act, which is q mort
gage to SECURE bonds to the extent Of sl25Oo.
whereas, ead indehture of second mortgage,
in compliance with terms of said acs of
1869, was duly recorded In the Office Of the
Secretary Of State of the State of Louisiana;
1000 each dated july i, 1910, PAYABLE on the arst
Of July in the year 1915 with eight per cent inter-
est per annum, payable semi-annually, the first
day of January ard July Of each year said inter
EST being represented by coupons of s 40 each,
nexed to said bonds, and said bonds have been
guaranteed by the State of Louisiana in the man
ia and in accordance with the provisions of aa'd
act approved February II, 1861 and, whereas, the
said company has made default in the payment Of
the interest On said bonds SO guaranteed, and said
interest has remained in arrears aid 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 me vested by said act of
the General Assembly, approved seventeenth of
February, 1861 and said indenture of mortgage
dated July / 1879. and as trustee under
will proceed, through C. E. Girardev. auction
eer. in the city Of New Orleans, whom hereby
designate as my agent snd attorney for that pur-
pose to sell said main line of railroad its franchise
and appurtenances, hereinbefore mentioned and
described a public auction, to the highest bidder,
Auction Exchange, in the Rotunda OF the St
Charles H0tei, in the city of New Orleans on WE'D
tons and subject to the lien Of the first mortgage.
which Is d lien securing first mortgage, bonded to
the ext. Mt Of Sl2 500 per mile and the purchaser,
it is well understood. Is to take the property adj ud
Gated subject to said incum ORANGES and the bid
which he makes Will be considered a bid tor SO
much over and above said incum brance, and the
entire amount bid Is to be paid In cash, without
any deduction whatever.
The main line Of railroad to be sold conr;e noes
at the point "estwego. opposite the city OF New
Orleans the west bank OF the Mississippi river.
and extends westward toward and to the point
where it ntersect5 and the western
boundary of the state OF Louisiana, in the parish
Of Cacasieu, by virtue OF the provisions of said
act of the General Assembly of the State of LOuisi-
ana, approved seventeenth February 1863 the
rolling stock and personal property is apportloned
to that portion of the road completed and in opera
ton.
The sale will he made in sections. as follows:
Section l. From the point WestwegO, opposite
the city OF New Orleans, on the west bank Of the
Mississippi river to a distance of seventy miles,
ard embraces all the main line of road compe ted
and in operation, and in this section Is included all
the rolling stock, cars, engines and personal prop
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 Westwego and the Sabine
river
The purchaser of each section respectively
and superstructures, and all other rights in
terests and estates of the COMPANY in and
to the lands occupied by the COMPANY, EN-
braced within the territorial limits OF the sec.
tious, and also all depots, stationhouses. engine
or carhouses, wsodhOuses, freight storeh ouses
warehouses, sheds, wharves, machine shops,
sidings, 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 by the Stale Of
Louisiana. IN respect to the constructive opera
quired by the respective purchasers of each Sec
ton, SO far as they are applicable to the sections
purchased.
WILLIAM p KELLOGG,
Governor and Trustee.
C. z. GIRARDEY,
Auetioneer and agent designated to make sale.