New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-28
OFFICIAL NOTICES.
AUCTION SALE.
Trustees Sale Of the Main Line of IN.
New Orleans, Mobile and Texas Rail.
road, West of the Mississippi River.

| sabC tuc .uuIu Line oil the
New Orleans, Mobile and Texas Rail.
road, West of the Mississippi River,
and its Appurtenances and franchise,
WHEREAS, THE NEW ORLEANS, MOBILE Ayn
| " Texas Railroad Company, a corporation ere
ated by the State Of Alabama By an act of III
| General Assembly Of said State entitled IAN a.
| to incorporate the New Orleans, Mobile and Cha.
| tanOOga Railroad Company" approved Sovem ia. :
| "a, 1866, which said corporation was recogn5zsd
| and approved as body polite and oorporate nv -
act OF the General Assembly of the State Of Lon.
siana entitled an act relative to the New (r,ean.
| Mobile and Chattanooga Railroad COMPANY a cos
| pOration of the State of Alabama and au.hor,zin,
| enjoy it's corporate powers and franchis Sc in The
| State of Louisiana" approved August 49, lgs3 tbs
name Of said company having been subsequet m. tIy
General Assembly of the State OF Louisiana rove
ed eighteenth April, 1871 from the New Orleans
| New Orleans, Mobile and Texas Railroad COM ,no
pany, did under its original name to wit: sTbs
| New Orleans, Mobile and Chattanooga Railroad
act Of the General Assembly of the State O, Louis
ana entitled an act to expedite the construction of
| tanooga Railroad Company in the State of Louisi.
ana. approved February H. 1869, execute an inden
ture on the first day of July in the year 1870. BE-
ana. as trustee, for the purpose of securing tbs
payment OF the principal and interest of certain
New Orleans Mobile and Chattanooga RaiIroas
Company guaranteed by the State OF Louisiana
and Tor the further purpose OF securing the
bonds; ard did by said indenture convey ~
the then Governor of the State Of Loulsians
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 IL.
| State of Louisiana lying west OF the Mississippi
| river. The said main line extending from "a.
point where it shall ntersect the Mississippi rive
| opposite the city of New Orleans, westward TO IL
point where it shall cross the western bousdarv
the St6c6 OF Louisiana in the D2rish NJ
also all the rights of any road beds and superstrue
tons Of the said line of railroad and ali the Other
rights. interests and estates of the said company
in and to the lands occupied by SAID railroad Q,
thereafter to be acquired for that purpose and
houses, freight houses, storehoUses warebousss
wood houses, sheds, wharves machine shops r.
pair shops, business offices and other Offices shors
other rolling STOCK all machinery. fItures.
fuel and material, and all real ana personai
estate within the State of Louisiana ap-
purtenant to or necessary for the operation OF said
main ine CT railroad then owned thereafter &C.
CURED by said company, and also all the corporate
franchises and privileges of said company granted
by the State of Louisiana relative 10 the corsruc
ton. operation and use of said main line OF railroad
OF any part thereof IN said state OF Louisiana and
act, approved February II, 1869, provides that IN
case default shall be made by said pany N the
payment OF the interest of said secoLd mortgage
bonds, or any part of them, and the same shall re-
main in arrears for sixty DAYS after becoming drs
and being demanded of said COMPANY the priDci.
pal OF all 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
such default 1t shall be lawful for the Governor OF
Louisiana and his successors il siice persousIv
CT by attorney. or attorneys, or agents d,
that purpose by the Governor Aforesaid and hs
successors Ill office to sell and dispose of al
and singular the property and franchises before
mentioned, and more particularly Gescr oed i,
said indenture at public auction at such time and
place in the city of New York or in the city q
New Orleans as the said Governor and his eueaes
Office designate and oi.+ ba-,
first given notice of the time and place OF sale by
advertisement, published rot less than six week.
immediately prior to the time designated for such
SALE IN one or more of the daily newspapers PUB
Gshed in each of said cities of New York and New
newspapers. And the said Governor or his sue.
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 indenture 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 ali
parties to be affected thereby, and duly observing
the laws of the State of Louisiana aud the pro.
visions of said indenture in reference thereto.
And the said indenture further provides that IN
making such eale, reference shall be had 10 TIA
provisions of the third and thirteenth sections a:
the said act of the General Assembly of the Stats
OF Louisiana, approved February L. 1859. which
provides that the rolling stock and personal prop
erty shall appertain to that portion of the maj,
line of railroad which snail have been CONSTRUCTED
and operated, and shall be spportioned equary
ceeds Of the completed portion of the road ap2
that a sale may be made of said railroad subiec. to
thereon, mentioned in said act which is a NOR.
gage to secure bonds 10 the extent 81 Sl2s0a
and Sl accrued interest thereon, PEI, mile; and
whereas, said indenture Of second mortgage
in compliance with terms of ss:d ACT Of
the General Assembly, approved February IL Z
1869, was duly recorded in the ONCE OF the 4
and. whereas, said company has issued bonds Of
$1,000 EACH dated July /, 1870, PAYABLE on the fSs
j ". aiuht Srszr Il
est per annum, payable semannualfy. on the kss
day or January and July of each year said ntE.
nexed to said bonds. and said bonds have beea |
guaranteed by the State of Louisiana IN the mai /
ner and IN accordance with the provisions of said
act approved February H. 1869; and whereas the
said company has made default In the payment
the int rest on said bonds SO guaranteed and ssx
interest has remained in arrears and unpaid by th
said company more than sixty days after the SAM
became due and was demanded OF said coupars
and whereas, said default has continued up to Tbs
present time. Now, therefore, by virtue OF The
power and authority in vested by said ae.a
the General Assembly approved seventeenth Of
dated Jn,v aug Ia-o ssiu IA 1doenture OF moG.gss
said act and SAID indenture of mortgage,
Will proceed, through C. E. Girardev -auction-
eer. in the city of New Orleans, whom hereby
designate as my agent and attorney for that pur.
pose to sell said main line of railroad its franchise
and appurtenances hereinbefore mentioned and
for cash, at twelve o'clock NJ, at the 81. Charles
Auction Exchange, in the Rotunda OF the st
W II
NESDAY September 80, 1874, in the following sec. L
lions, and subject to the lien of the first mortgage,
which is lien securing first mortgage, bondedto
the extent Of $l2 500 per mile and the purchaser
ii is well understood is to take the property adudi
Gated subject to said membranes, and the bid
which he makes will be considered a bid for so
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 K
and extends westward toward and to lie poilt L
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 Louss
ana. approved seventeenth February. 1869, the
rolling stock and personal property is apportloned
to that portion OF the road completed and III opera
ton.
The sale will be made in sections as follows
=, Section l. From the point Westwego, OPPOSE
the city of New Orleans, on the west bank of ,M
Mississippi river. to q distance of seventy miles
and embraces all the main line of road completes
and IN operation and in this section is incuaed al
the rolling stock, cars. engines and personal prop
erty OF the company attached to the whole OF SAD
main line of road.
Section q All the right, title and interest tina.
the State of Louisiana may have in and TO the
property lying between point distant seventy
miles from the point "estwego and the SABINE
river.
acquires all the rights of way, road, beds, /
and superstruetures, and al 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
,r carhouses, weodhouses, freight or storehouses
warehouses, sheds, wharves, machine shops,
'idngs, repair shops, business or other Offices,
hops, and buildings situated within the limits OF
ZACH section respectively, and also the corporate
franchises and privileges granted by the State OF
louisiana, in respect to the constructive opera
ured by the respective purchasers of each sec.
ion, so far as they are applicable to the sections