New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-17

| ~ nnnAAS The NEW ORLEANS, NOBltE AND
" Texas Railroad Company, q corporation Gro.
ated by the state Of Alabama by an act o { the
General Assembly Of SAID State, entitled AN act
| tano0ga Railroad Company" approved Move mber
"A. 1900. which said corporation was recognized
act Of the General Assembly of the state of Lou.
isana entitled IAN act relative to the New Orleans.
| Mobile ana Chattanooga Railroad Company cor:
poratl0n OF the state of Alabama and authO yIzine
/ and empowering said company to exercise and
I enjoy irs corporate powers and franchise in the
name Of said company having been env
| changed by authority of . Joint resolution of the
| ed eighteenth April. 1871 from the New Orleans.
Mobile and Chattanooga Railroad Company to tha
| New Orleans. Mobile and Texas Railroad Com.
pany, did, under its original name to wit: ..Tb4,
! New Orleans, Mobile and Chattanooga Railroad
Company and by virtue OF the provisions OF an
entitled act to expedite the construct Of
| the railroad OF the New Orleans. Mobile and Chat.
| tanOoga Railroad Company in the State Of Lousi.
ture on the first day of July. in the year 1870 be.
tween it and the Governor of the State of LOuisi.
pay nent of the principal and interest OF certain
bonds known as second mortgage bonds of the
Company. guaranteed by the State Of Loulsians,
| and for the further purpose of securing the
Sans and dd Sy s,a of said
the then Governor OF the State Of LouisianS,
and his successors in Office, trustees,
structed or to De constructed in that part Of the
State OF Louisiana lying west OF the Missi. sipps
river. The said matt line extending from the
point where it shall intersect the Mississippi river
opposite the city of New Orleans westward to the
point where it shall cross the western boundary Of
the state of Louisiana, in the parish of Cacasieu:
also all the rights of road beds and superstruc.
tons of the said line Of railroad and all the other
in and to the lands occupied by sald railroad or
thereafter to be acquired for that purpose and
houses freight houses storehoSses. WAREHOUSES;.
wood houses, sheds wharves. machine shops. 70.
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 all real and persona,
pur:enant to or necessary for the operation Of sad
main line of railroad then owned or thereafter &C.
quired by said company, and also all the corporate
franchises and privileges of said company granted
by the State of Louisiana relative to the corstrlc.
tiOn operation and use OF said main line railroad
said indenture III pursuance Of the of said
act, approved February IL. 1862 provides that in
payment Of the interest of said second mortgage
bonds. or any part OF them and the shall 70.
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 Governor Of
Louisiana and his successors in ONCE. personally
or by attorney. or attorneys or agents. on
that purpose by the Governor aforesaid and his
successors, IN Office to sell and dispose of all
mentioned, and more particularly described in
said ndenture at public auction at such time and
New Orleans a. the said Governor and his success
sore in Office may designate and appoint, having
first gwen notice Of the t, me and place OF sale BY
advertisement, published not less than six weeka
Immediately prior to the time designated for such
sale. in one or more Of the daily newspapers Dub.
lshed in each OF said cities of New York and New
Orleans au0 in each and every issue of said daily
newspapers. And the said Governor or his suc.
in osce is on the mpletion of such sale
authorized n ma Ia a Oyay-.
ance of the property sold to the purchaser and
the said indeuture further empowers the sale Of
aforesaid in such portions the said Governor or
his successor in office may deem advisable, hav wing
parties to be affected thereby and duly obeer wing
the laws of the State Of Louisiana sud the pro.
visions Of said indenture in reference thereto.
And the said indenture further provides, that In
making such sale, reference shall he had to the
provisions Of the third and thirteenth sections Of
the said act OF the General Assembly Of the State
OF Louisiana approved February H. 1869, which
provides that the rolling stock and personal prop
line of railroad which shall have been constructed
and operated, and shall be airport toned equally
upon each mile thereof, and shall be deemed pro.
that sale may be made OF said railroad subject to
the lien Of the first mortgage and accrued interest
gage to secure bonds 20 the extent of $l2,500.
| and accrued interest thereon, per. MILF; and.
III compliance witt. terms Of said act OF
the Genera: Assembly, approved February II.
1863. was duly recorded N the Office OF the
and. whereas. sad company has issued bonds Of
1909 each. dated July l, 1870 payable the first
pe Per on 1ae fs
day OF January and July OF each year said inter.
est being represented by coupons of 10 each an
ueXed 20 said bonds, aud said bonds have been
guaranteed by the State of Louisiana in the man
ana in accordance with the provisions of said
act approved February II, 1885, and, whereas. the
said pany has made default in the payment OF
the interest on said bonds 50 guaranteed and said
interest has remained in arrears and unpaid by the
sal! company more than sixty days after the same
became GI.e and was demanded OF said cOmpany:
and. whereas. said default has continued up the
present time Now. therefore. by virtue of the
power and authority i'll me vested by said act Of
the General u Assembly approved sevents enth Of
dated July !. 1870. and trustee under
said act and said indenturs of mortgage.
will proceed, through G. f. Girardev. auction
eac. il the city of New Orleans, whom hereby
designate my agent and attorney for tt at pur.
pose 10 sell sad main line of railroad its franchise
Described at public auction, to the highest bidder
FOX cash. at twelve O'Clock NJ. at the st. Charles
Charles Ent.! in the city OF New Orleans on WE'D.
NESOAV. September 30, 1874, i'll :he following sec.
f.ons. and subject TO the lien of the fist mortgage.
which is lien securing first mortgage, bonded to
the EXT mt Of Sll5o per mile and the purchaser
it Is well understood. is to take the property adudi
Gated subject 20 said membranes. and Who bid
which. he makes will be considered bid for 80
mucli owe: ana above said REMEMBRANCE, and the
entire amount bid Is to be paid in cash. without
ar- deduction whatever.
Til. main 'ne OF railroad TO bs sold CONNIE ncss
az the point Westweg0 opposite the city OF New
Orleans on the west bank of the Mississippi river.
and extends westward toward and to the point
Where j In:ersects and crosses the western
boundary Of the state of Louisiana, in the parish
Of tslcssisn by virtue OF the provisions of said
az o! che General Assembly Of the State of LOUISE
ana approved Seventeenth. February, 1869 the
rolling stock and personal property is apportlOned
to that portion Of the road completed and in opera.
ton.
The sale will be mace in sections as followg
Section !. From the point Westwego opposite
tas city o: New Orieane. on the west bank of tina
Nissl5slpp4 river. :" a distance of seventh miles
and embraces all the man line of road completed
and IL operation and III this section is included all
tho rolling stock ears. engines and personal prop.
eIty"f 'he company ATTACHED TO the whole OF SAID
main line OF road.
Sector, I. AL th. right title and interest that
the state OF Louisiana may have in and the
property !ylng oetween a pOin! distant seventy
'hii-s i.om the io!n: Westweso and the Sabine
river.
The purchaser Of each serton respectively
Acquires al! the rights of way road, beds.
ana s'.p-Isfructies. and al! other rights in.
;eEes's and estates OF the company in and
I" the lands occupied by the company. EN-.
baced within the territorial limits OF the sec.
Tons and also al. aepOts. statOnhOuses. engine
OK carhonses. wsodhouses, freight o. storeh discs
warehouses. sheds. wharves, machine shops.
sd!nSs. repair shops, business or other 0inces
shops and buildings situated within the lImits Ot
sacia section respectively. and also the corporate
IiAnc.iseS ana privileges granted by the STATE OF
LOUISIANA. IL respect TO the constructive opera.
lions. and are of said main line OF road. are ac.
'i'ire': 'v the respective purchasers 81 each sec.
zion. ia; tue; applicable to the sectiOns
WILLIAM P. KELLOGG,
Governor and Trustee,
&. 4. GIRARDEY.
Aue.i.ne-r and agent designated to make sale.
sIlo nw
GOVERNMENT SALE,