New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-24
OFFICIAL NOTICES.
AUCTION SALE.

New Orleans, Mobile and Texas Rail.
ross West Of the 1liasissappi River,
and irs Appsftesances and Franchise.
W1R2EAH, T4g NEW ORLEANS. MOBILE AND
! ~ Texas Railroad Company. corporation ere
Qenersi Assembly Of said state, entitled IAN act
to lncorp0rats the New Orleans, Mobile and Chat
ttsnooEa Railroad Company" approved Move mbsr
and approved as body polite and corporate BY an
act Of the Gsnsral,AsasmSiy Of the state of Lou.
Mobile RsFssS
pDrati0n Of the State Of Alsbams and autho rising
ana e ~ sna saa company to exercise and
Of .sis having Sesn taaS
General Assembly Of the State Of Louisiana aprros.
ed eghteen.h Aprii, 1871 from the New Orleans
New Orleans, AOMle and Texas Railroad Com
New orleans, Mobile and Chattanooga railroad
act Of the General Assembly OF the state o. Louisa
entitled sn act to expedite the construction Of
tanooga Railroad Company in the state Of Louisi
ana, approved Febrtiarv II. 1869 execute an linden
snre on the rst day Of July in the yssr 1870. ~
tween it asd the Governor OF the state Of LOuisi-
pavment of the principal and interest Of certain
Bew Orleans, Mobile ans Chsttanoqsa Railroad
Company. guaranteed by the State 81 Lousians.
and for the further purpose of securing tho
the then Governor Of the State Of T ou.slAus.
the main line of rainoad OF the aid company con.
structsd Ne constructed in that part OF tho
state Of hous aa lying west OF the Mississippi,
point where it shall ntersect the Msaissppi river
opposite the city Of New Orlesns. westward to the
Che state Of Louisiana. in the parish OF Calcaseu;
also all the rghrs Of any road beds and superstruc
o. q
II to az. es .ss
houses, freight houses, sforehouses. warehouses.
wood houses sheds, wharves machine shops 70.
pair sh3Ps business ocss and Other oces shops
other rolling stock. all machinery. 6xturooS
fuel and material, and all real and personal.
purteEant to necessary for the operation Of sai3
main line OF railroad then owned or thereafter 40.
franchises and privileges OF said COMPANY araute3
by the State OF Louisiana relative the construc.
ton. operation and use OF said main line Of raroal
OF any part thereof in said State Of Louisiana and
said ndenture il pursuance OF the provisions OF said
act, approved February ~, 1863 provides thas IN
case default Oh oil he made by said com panv in tn
payment Of the interest OF said second IuortRoae
bonds or any part of them, and the same shall no.
main in arrears tor axty days after becoming due
and Being demanded OF said cOmpAny, tile princi.
pai OF all the bonds secured by ssd inlsnrure and
then outstanding shail upon tbs exprstion Of satd
such default it ehall be lawful for The Governor Of
Louisiana and his SUCCESSORS in once, personally
or ey attssney :., o. attorney n OF assnts Or
snse IN sa aa Of ali !.
mentioned, aud more, psrtics,larly 1Aescn bad in
said lnde2ture at public auction, at such time aud
RI a. q and s o.
sors il office may deslgnats and appoint, having
drst given notice Of the time and place Of sale 81
nt~
Immediately prior to the time designated for such
sale, il o1e q more q the daily nswspapers pub
oresns and in each and every issue Of ssid dsly
newspapers And the said Governor or his suc-
cessors in once is. on the completion Of such sale,
ance Of the property sold to the purchaser and
the said indenturs further empowers the sale Of
sforesaid tn such portions g the sad Governor or
his successor in office may deem advisable, ha wing
Just reference to the rights and interests Of al
the laws OF the State Of Louisiana aud the pro
visions Of said indenture in reference thereto.
And the said udenture further provides, that in
making such sale reference shall be had to the
provisions Of the third aad thirteenth sections Of
The said &C. Of the Ge.ral Assembly Of the state
provides that the rolling stock and personal prop
erty shall appertain. to tina: portion Of the main
line OF rsilrotd which shall have been constructed
and operated, ard shall be spportoned equally
upon each mile thereof and shall be deemed pro
eseds Of the Pos'Sn Of the road and
the Len Of the first mortgage and accrued interest
thereon, mentioned in said act, which is = mort
and accrued interest thereon per mil.; ana,
whereas, said irdenture of second mortgage,
the s.s w Of F.srusv
1852. duly recorded In the ONCE of the
Secretary Of State OF the State of Louis spas
slG1O eac. dated July l, 1870 payab,e on the first
Of July. in the year 1915 with eight per cent
est per annrm, payable eemi.an nuay, the first
iay January I'd July of each nj
as- being represented by coupons of q ~ each,
nexed to said bonds. and said bonds have been
guaranteed b. the State of Louisiana in the man
FER and in accordance with the provisions Of said
act approved February II, 1869; and, whereas the
said com panv 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
became due and was demanded of said company;
and, whereas, said default has continued up the
present time. Now, therefore. by virtue Of tho
power and authority in me vested by said act Of
February. 1862, and said indenture of mortgage,
dated July l. 1870 and and as trustee under
will proceed. through c. Z. Girardev, auction.
Ger. in the CITY OF New Orleans whom hereby
designate my agent and attorney for tt at puf.
pose. sell ain line of railroad franchise
and appurtenances. hereinbefOre mentioned and
described .. public auction, to the highest bidder
for cash, at twelve O'Clock ~. at the ST. Charles
Auction Exchange. in the ROtunda OF the vt.
Charles HOte!. in the city OF New Orleans On WE'D
NESDAY. September 49, 1874, in the following Soc
which 10 lien securing first mortgage, bonded to
the ext. Mt OF 6l2 per mile, and the purchaser
IL we'll understood is to take the property adiudi.
Gated subject to said membranes, and the bid
which he makes will be considered bid for
much ove- and above said incunbiance. and the
entire smoupt bid is to be paid In cash. without
any deduction waatevsg.
Tie main line OF ralroaAto be sold commences
.. the point Westwego. opposite the city o: New
Orleans, o.. the west bank OF the Ms.sspp siver.
and extends westward toward and TO the point
where il inte:sects and crosse. til. WESTERN
h.jl ndAry the state OF LOUISIANA the NariAh
Of Cacasieu. by virtue OF the provisions of said
act of the General Assembly OF the state of Louisi.
ana. approved seventeenth February, 1869 the
rO!.n2 stock and personal property is apport,Oned
to tina: portion OF :ae road completed and II. opera.
The safe will be n ACE in sections a. follows
Section !. From che point West ~egc. Opposite
the city OF New Orleans, on the west bank af the
Mississippi river, :" distance of seventy miles.
and embraces al. The ma!a line Of road completei
and il. operation. and IN this section IS inciu1ed ala
the rolling stock ears, engines and person OF pro
ersT OF s.e compa': ATTACHED 20 the wLo6 OF saiS
main line of rOad
Section 2. Al! the right title and interest that
property lying between point distant seventy
rDi!es from tina pon, Westweso aud the sab. -
river.
The purchase: 81 each se-tio. yesoectivefV
acquires al! the rights OF wav. road, beds.
and sEpers,ructn.es, and al! other rights in:
.erests and estates .: che company il ana
hraced within the territoIia: limits OF the sec'
| tons and also 81: .epots. stst!olh0rses, enigma
VI CdiAOASee, Warehouses;. freight Or slOFi Olsess
Warehouses cheers whsrves machine snops.
sid;ngs. repair shops, business or other iees.
shops. Ard buildings situated within the limits os
each section respectively, ..nf also tae corporate
franchises AID privileges granted by tho state OF
Louisiana in respect 20 the constructive operas
lions and OF sait: main .ine OF Toad, are ace
el.ired Or tie Respective purchasers Of each secs
ton a., far "a :ey are applicable to tse sect .u4a
! 's'' WILLIAM P. KELLOGG.
| Governor Ail.. TgJ.st6ea
&. Z. (!RARDEY.
.}ocf A-x.dr 70. a.. ~aT>