New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-25


Genera Assenb Y Of SAID state. entitled IAN act
TO incorporate tie New Orleans Mobile ard Chat.
1an9oga ka:.dHao son pany, approved Novea Der
"a. 1870. which said corporation was recognized
and approved as body polite and corporate by an
act OF the Genera! Assembly of the State of Lou.
isiana, entitled IAN act relative TO the New O: e ans
Mobile and Chattanooga Railroad Company . cor
Po1ation OF the Stare Of A ALBANIA and au,ho rizirg
and empowering said company TO exercise and
enjoy It's corporate powers aud franchise in the
State of Louisiana" approved August 10 1873. the
name Of said company having been suhsequeI ty
General Assembly of tie State Of Louis ap,rov.
ed eighteenth April. 1874. tom the New Orleans
Mobile and Chattanooga Railroad Company TO the
New Orleans. Mobile and Texas Railroad Com.
pany, did, under us original name. 20 WY: TIE
New Orleans. Mobile and Chattanooga Railroad
Company, ard by virtue. Of the Provisions 9: al
act Ct the General Assembly OF the State 0: LOUISE
ana entitled an act expedite the nstsuctiOn Of
the railroad OF the New Orleans Mobile and Chat.
ana approved February II. 1865 exe cute an ir.en.
tuIe Oh che hIst day of jay n the YEA: 1879 be.
tween i AID the Governor Of the State Of Louisi.
ana as trustee. for the rG.pose O: securing the
payment OF the pIincipa! and interest of certain
bonds, known as second mortgage bond. Of the
New Orleans. Mobile and Chattanooga Railroad
Company. guaranteed by the Stat. o: Louisiana
sid :or The. further purpose OF securing she
State OF LOUISIANA as gaarsntor OF said
the then Governor o; the State c: Louisiana.
aud his successors il office. as trustees.
structed OK 10 De constructed n that lar. OF tie
State OF Louisiana lying west ct fhe II ssissippi
river. The said main line extending from the
point where II SHAY inersee: :he Mississippi. river
opposite the city OF New Orleans westward to tie
point where II sha. cross the western boundary Of
the STATE OF Louisiana II the parish Of Cacasieu;
also e.: the rights OF any road beds and sEps.struc.
tons CT the said line of railroad and al. she other
rights: interests and estates q III. said company
thereafter 70 he acquired tor that purpose and
al depOts. station houses, engine houses. car
houses. freight houses. s'orehouses. warehouses.
wood houses. sheds. wharves. machine shope, re-.
PAIR shops business Offices and other tices shops
and buildings, a! eng nes and tenders. cars and
other rolling stock. ak machinery. fxturee.
estate within she state Of Louisiana ape
puTenant to OF necessary Tor she operation Of said
GUred by said company. and also all the corporate
franchises AID privileges OF said company granted
ton. operation and use Of said main line Of railroad
Or any part thereof IN said State ct louisiana and
said ndenture in pursuance of the of said
act approved February ~. 1869. prov .des that in
case default sinai! be made by said company in the
payment of the interest If said eec0Ed mortgage
bonds O. any part OF them. and til. same shsl re.
main IN arrears tor sixty Cays after becoming due
and being demanded OF said company. TIE priIci.
pal o: al! tLe boz DIS secured by said nden-ue and
sixty DAYS become due and paw able and in case OF
such default it shall he lawful fer the Governor Of
Louisiana and his successors IN Office. personally
OF by attorney. or attorneys. agents, or
agent. 30 be selected and empowered for
that purpose by tine Governor aforesaid ard lis
Successors IN Office TO SCI. and dispose OF all
ard singuia; the property ard franchises te fore
mentioned. and more particularly descr bed in
said !ndeItnre at pubic auction. at such time and
place IN the city of New York OF IN the CIV o.
New Orleans as the said Governor and his succes-
kors IN office may designate and appoint. having
hTst gwen NORGE OF the Il me and acs OF sale BY
advertisement. published no: less than Six weeks
immediately prlOr TO the time designated for such
sale. IL ORC or more OF the daily newspapers PAD
Iithed in eacn OF said cites Of New York and New
Orleans, ana III each and every issue Of said daily
newspapers. And the Sd ! GoveIrO. OF his cue.
cessors IN Office is on the corr petion Of such sale.
m DO
arce Of the property SO sol. 20 the purchaser ard
the said iudenture furthe: empowers she sale Of
sad property, real and personal. and the franchise
atoTesai. N such portions as the SAID Governor OF
lis successor n ONCE NAV deem adv sable. having
just reference 20. the rights and interests o: al
parties 20 be affected thereby and daily observing
the laws Of tie State o! Louisiana and the pyo
visions Of SAID inderture IN reference thereto.
and the said indeytuIe further provides that in
making such .ale reference shall. be had 10 the
PROVISIONS OF the third ana thirteenth sections Of
:be said act OF the Genera. Assembly Of tie State
provides that she rolling stock AID persona! prop.
erty shall appertain 10 that portion Of the main
Line OF railroad which s;ial. have been constructed
and operated. and shall be arpOrtioned equally
upoE each mile thereof. and shal! be deemed PRO.
ceeds Of the competed portion CT the road and
.nat a SAFE may be made OF said railroad subject to
She lien Of the first mortgage and accrued interest
thereon. mentioned ID sad act. which is s mort.
gage 10 secure bonds 20 the eAt.n: of sl2,seo.
and accrued interest thereon. per n.lt; and.
whereas. said indeIture OF second mortgage,
il compliance with terms OF sad acs Of
Inc DSueHaI Assembly. approved February IL.
1869. was duly recorded IN the office ii the
Secretary Of State OF she State of Louisiana:
and. whereas. said company has issued bonds of
IWo each, dated July !! !6tn. PAYABLE ou the trSt
Of july u The year 1915 with eight pes cent inter-
est per arnyIn, payable SEMI. annually, on the first
day OF January and July q! each 'ear said .teT.
e.' being represented by coupons Of & 20 each,
Ge.e! to said bonds, and said bonds have been
guaranteed by the STATE Of Louisiana IL tie man.
nez and IN accordance with 'he provisions OF sad
act approved February IL. 1863; and whereas She
said company has made default IN tie paymeH. of
tine in;eles: on said bonds SO guaranteed AID sad
interest has remained in arrears and unpaid BY the
sad company more than sixty days after the same
became due and was demanded ii said company Y:
and whereas said default has cont u,.ed up 70 ne
present time. Now. therefore. by vl.tue Of Tie
power and Authority In me Vested cy sad act of
,he General IA Assembly. approved seventeenth of
February. 1867. and said iLden:ule Of mortgage.
dated July ]. 1870. and :.s ;rl.:ee Under
said act and SAID inden.u,e .: mortgage,
VIZ proceed. through Z. Z. Giraldev, auction.
eeT II the city OF New Dreams, whom hereby
designate as nv a.en: and attorney Tor tta pur.
poee TO Sc. main line OF railroad It's franchise
and appurteDances. hereinbefOre mentioned and
descy bed a: pubic auction. to the highest bidder.
70: cash. at twei-e O'Clock NJ. at the s.. Charles
Auction Exchange. in the Rotunda OF the st.
Charles Hote.. il ;he city Of New Orleans, On WED.
NESDAY. September 80. 1914 in The following sec.
lions. and sUnec: 10 the Lien Of the fcs: mortgage,
which IS lien securing first mortgage. bonded 10
the ext 1t OF Il 500 peg M.le and the purchaser
it well understood. IS 10 take the property adjud:.
Gated subject to said :ncsmhrances, ard the bid
much owe. and above said ncumbra ce, and the
entire amount bid is to be pad IL cash. w.thcu:
any deduction whatever.
The main line Of railroad to BIZ sod commences
at the point WestwegO. opposite the city OF New
Orleans. on TIE west bank of the Mssss PIP. river.
and extends westward toward ard I" 'he point
where it 1nteIsects and crosse. :he western
boundary OF the state st Louisiana. III the parish
OF CaicaseU. by virtue of the pro. ieions of sad
act OF the General Assembly OF 'he State of LO.si.
ana. approved seventeenth February. 1863. the
rolling stock and personal property aIportloned
to that portion OF the road completed and n opera.
ton.
Tie SAFE viii BE made IN sections. az follows:
Section J. From the po!rt Westw.gc, opposite
Mississippi river. TO a distance Of seventy mites
and embraces al! the maIH line of road completed
and in operation. and il this section is inc'ued a.!
the rolling stock, cars. srgHes and personal prop.
er.y Of the company attacked to the whole Q: SAID
nam line Of road.
Section 2. All the right, title ard interest that
she State Of Louisiana may have in and 20 the
property lying between point distant seventy
miles from she poD. Westwsso and tie Sable
river.
The purchaser Of each se.iion respectively
acquires al the fights Of way soal. beds,
and supe,s'ructures. and all otter rights il.
terests and estates Of the company IN and
10 the lands occupied by thu COMPANY, EN-.
bIaced within the territorial limits Of the sec.
:ions, and also ali .epOts stat ollholses. engine
carhOUses. weodEouses. freight Q: storeh Ouses
warehouses. sheds, wharves, machine shops.
si5ings, repair shops, business % o:ier Offices
shops, ard buildings situated with. tie limits Of
each section respectively. aud also the corporate
franchises and privileges granted by the STAKE Of
Louisiana, in respect to the constructive opera
tons, and are of said main line of road. axe &C.
siuired by the respective purchasers sf.eac. sec.
ton. SO far as they are applicable 20 the sections
purchased.
WILLIAM P. KELLOGG,
Governor and Trustee.
{. Z. GIRAkDEY.
Auctionee: and asea: designated to make .a:e.
aI.l6ow
GOVERNMENT SALE.
TIME UNDERSIGNED WILL OFFER FOR SALE.