New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-19
.oEFIcKAL. NOTICES,
AUCTION SALE.
Trustees Sale Of the Main Line Of tho
New Orleans, Mobile and Texas Rail-
read, West of the Mississippi River.
and its Appurtenances and Franchise.


and ito Appurtenances and Franchise.
WBBRRAs THE NEW ORLEANS, MOBILE AND
ated by the State Of Alabama BY an act of the
General Assembly Of said State, entitled AN act
sae Ss
"a, 1906 which said corporation was recognized
and approved as body polite and corporate by an
act OF the General Assembly OF the State of Lou
siana entitled IAN act relative the New Orleans,
Mobile and Chattanooga Railroad Company, cor
and empowering said company to exercise and
| enjoy it's corporate powers and franchise in the
name Of said company having been subseauer tly
| changed by authority of Joint resolution OF the
General Assembly Of the State of Louisiana approv-
| ed eighteenth April 1871, from the New Orleans,
Mobile and Chat Railroad Company to the
| New Orleans, Mobile and Texas Railroad Com
| pany, did under its original name to wit: s.The
New Orleans, Mobile and Chattanooga Railroad
G Of hs on OF
ana, entitled an act to expedite the of
the railroad of the New Orleans, Mobile and Chat
| tanOOga Railroad Company in the State of Louis-
ana approved February Il. 1859 execute an inden-
ture on the first day of July in the year 1870 be-
| ana. as trustee for the purpose of securing the
payment of the principal and interest of certain
New Orleans Mobile and Chattanooga Railroad
| Company guaranteed by the State of Louisiana,
and for the further purpose of securing the
S Sonds; and did by said nsentars convey to
| the then Governor of the State Of Louisiana,
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
| riv.r. The said main line extending from the
point where it shall ntersect the Mississippi river
sp i Shall the
the State of Louisiana in the parish OF Cacasieu
also all the rights Of any road beds and rsruc
tons of the said line of railroad and all the other
! tights 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
| ali depots, station houses, engine houses. car
houses freight houses, rehouses. warehouses
| wood houses sheds. Wharves machine shops; re-
| ard buildings, all engines aM tenders. cars and
other rolling stock, all machinery, fixtures;
| estate within the state of Louisiana ap-
purtenant to for the operation of said
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
ton operation and use Of said main line of railroad
any part thereof in said state OF Louisiana, and
said ndenture il pursuance Of the provisions Of said
case default shall be made by said com pany in the
| payment Of the interest of said secoId mortgage
bonds or any part of them, and the same shall re-
main in arrears for sixty days after becoming due
and being demanded of said company, the princi::
then outstanding shall upon the expiration of said
| sixty DAYS become due and payable, and in case of
such default it shall be lawful for the Governor of
Louisiana and his Successors in office, personally
| or by attorney. or attorneys, OF agents, or
| agent, to be selected and empowered for
| that purpose by the Governor aforesaid and his
| Successors IN office to sell and dispose of all
and sinsul2' the property and franchises before
said .ndenture at public auction at such time and
| place in the city Of New York or in the city Of
| New Orleans a. the said Governor and his success
sors in Office may designate and appoint, having
first given notice Of the time and paco Of sale by
advertisement. published not less than six weeks
sale, in one or more OF the daily newspapers puo-
lished in each of said cities of New York and New
Oslo tv, anh ANT dafIry
| newspapers. And the sac Governor his
cessors in Office is the completion of such sale,
ance OF the property sold TO the purchaser, and
/ the said indenture further empowers the sale of
said property real and personal and the franchise
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 aud the pro.
visions of said irdenture in ret, renee thereto
| And the said indenture further provides that in
| making such sale, reference shall be had to the
provisions OF the third and thirteenth sections Of
of Louisiana, approved February il, 1863 which
provides that the rolling stock and personal prop
erty shall appertain to that portion of the main
line of railroad which snail have been constructed
| and opersted, and shall be appOrtioned 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 TO the extent of Sl2,5OO,
| and accrued interest thereon, per mill; and,
| whereas, said lndenture OF second mortgage,
in compliance with terms of said act of
| 1863, was duly recorded in the Office Of the
Secretary of State of the State of Louisiana;
| and whereas said company has issued bonds of
$1,000 each, dated July l, 1870, PAYABLE the first
of july in the year 1915, with eight per cent inter-
est per aunum, payable semi.annualfy. on the first
| day of January and July of each year said inter
nexed to said bonds and said bonds have been
guaranteed by the State of Louisiana in the man.
ner and in accordance with the provisions of said
1 onfon ovpdE md xrha no
| said company has made default In the payment of
the int rest on said bonds guaranteed and said
interest has remained in and unpaid by the
said company more than sixty days after the same
became due and was demanded of said company;
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
General as. nd & re- enth Of
said act and said indenture of mortgage.
| will proceed through G. Z. Girardev auction
| Ger, 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
described q public auction to the highest bidder.
Auction ESchsnge in the Rotnnda e Of the st.
| Charles HOte in the city OF New Orleans, on WE'D
NEsDAY, SEPTEMBER 30, 1874, in the following sec.
tions and subject to the lien of the ist mortgage,
| which Ia a lien securing first mortgage, bonded to
| the ext. Mt Of $500 per mile. and the purchaser,
Gated subject to said incum ORANGES and the bid
| which he makes will be considered bid for 50
|
| entire amount bid Is to be paid in cash, without
| any deduction whatever.
| The main line of railroad to be sold CONNIE noes
| at 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 it ntersects and crosses the western
| boundary of the state OF Louisiana in the parish
| of Cacasieu by virtue of the provisions of said
act the General Assembly of the state of LOUISE
| ana. approved seventeenth February, 1869 the
rolling stock and personal property is apporloned
to that portion OF the road completed and opera
| ton.
| The sale will be 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 q distance OF seventy miles
| and embraces all the main line of road completed
and i'll operation and in this section is included all
the rolling stock, cars. engines and personal prop
erty OF the company ATTACH ed to the whole OF said
| main line OF road.
Section 2. All the right, title and interest that
| property lying between a point distant seventy
miles from the point Westwego and the Sabine
| river.
The purchaser of each sertion respectively
| acquires all the rights. of way, road beds,
and superstructures, and all other rights in
| terests and estates OF the company in and
to the lands occupied by the COMPANY
braced within the territorial limits OF the
tons, and a!so s'l depOts, statiOnhOuses. engine
or carhouses weo houses, freight storeh ouses,
warehouses, sheds, wharves machine shops,
sdings, 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
Louisiana, in respect to the constructive opera
tons. and are of said main line of road, are &C
CURED by the respective purchasers of each sec
purchased.
WILLIAM p KELLOGG.
| Governor and Trustee.
| c. Z. GIRARDEY
| and Iaai, tod ton aI-a oil