New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-16

QUCSION 6ALEe

soa6, West 81 She mississibpD River,
end Ito Appnreeaancssasd Svanehises
NCHEaEAs, THE VIEW oR1xAss &oBrss AND
" Texan Railroad Company . corporation crs
ated by the state Of Alsbama byAan; act Of the
to e n so an, 1bs
tanOoga Railr0ad Company" approved November
o.. 1860, which said corporation recognized
and approved az = body polite and corporate by A.
act Of the General Assembly of the State of Lou.
isaBa, entitled IAN act relative 20 the New OEeans
poration Of the State Of A'aOams, snd authorizing
and empowering said company to exercise and
1t; !.
name of said company having been subsequently
changed by authority Of JOINT resolution Of the
General Assembly of the Stste of Louisiana, APPROX
ed eighteenth April. 1871. from rhe New Orleans
Mobile and Chattanooga Railroad Company TO the
New Orleans Aobil. and Texas Railroad Com
pany, did, under its original eame. TO wit: 1.-THE
New Orleans, Mobile and Chattanooga Railroad
Company" and by virtue OF the provtsions Of an
act Of the General Assembly OF the state Of LOUISE
ana entitled act to expedite the construction Of
the railroad of the New Orleans Mobile and Chat.
ana, approved February II, 1862 execute linden.
ture on the first day Of july in the year 1870 be.
tween it AID the Governor Of the state Of Lousi.
ana. D trustee. for the purpose of securing the
payment Of the principal and interest of certain
bonds known as second mortgage bonds Of the
I New Orleans, Mobile and Chattanooga Railroad
Company, guaranteed by the State Of Louisiana,
ana fos .he turtle. 9urpos: OF securing .hs
and da ~ ..S to
I the then Governor Of tho State di Louisiana,
| and his successors 10 office, b trustees,
the main line Of railroad of shs said company con.
structed or 30 DE constructed IN that part OF the
| State of Louslsns lying vest OF she Mssissippi
pon, whore shall intsrsect the Missi " pp river
| opposite the city Of New OIleans westward to the
point where it shall cross the ~estern boundary Of
the State Of Louisiana, iu the parish of Cacaseu;
also all the rights Of any road beds and
tons of the said line of railroad, aud all the Other
] rights. interests and estates Of the said company
| in aud to the land. occupied by said railroad, OF
thereafter to be acquired fOr that purpose. and
n @spos ston houses nensso car
! wood houses, sheds. wharves. machine shops
pax shops, business Offices and other ofces, shops
ssei aud material, and ali real and psrsonai
purtenant to necessary for the opt ration Of said
l main line of railroad then owned OF thereafter &C.
qrred by said company. ard slso all the corporate
| franchises and privileges Of said company granted
by the State Of Louisiana relative to the cOnstruc
ton operation aud nss OF said main line of railroad
said indsntu,s pursuance the provisions Of said
! act. approved February II, 1869, provides that N
af s ptersss Of aid ia'a ,s
l bonds. or any part of them and the same shall re-
| 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
! Louisians and HE successors in once, personally
| or by attorney. or attorneys. or agents, OF
] that purpose BY the Governor Aforesaid and his
I successors IN Office 70 sell and dispose Of oil
mentioned and more particularly described in
said ndentire at public auction. ct sush time and
place in the city Of New York or in the city Of
! New Orleans as the said Governor and his success.
| sOrs il Office may designa to and appoint, having
fret given notice Of the II me aud placs Of GALE BY
| Immediately prior to the time designated for such
| sale IL one or more Of the daily newspapers pub
lshed in each Of said cities Of New York and New
Orleans, ana in each and every issue Of ssid daily
| newspapers. And the sad Governor his cue.
cessors in Office is the completion Of such sale
I authorized by said iDdenture 80 make . convey.
ance OF ths property sold to the purchaser, and
the said indsnturs further empowers the sale Of
aforesaid in such portions e the ssid Governor or
1 his successor in Office NAV deem advisable, having
just reference to the rights and intsrssts Of al
| the laws of the State of Louisiana cad the Ere
I vsions OF said indenture in reference thereto.
! And the said indenture further provides that II
making such sale. reference shall be had to the
provisions Of the third and thirteenth sections of
Of Louisiana. approved February Il, 1869 which
Provides that Che rolling stock and personal prop.
erty shall sppertan to that portion OF the main
| line OF railroad which shall have been constructed
| and operated. and shall be app0ltiOned equally
upon each mile thereof, and shall be deemed pro.
| ceeds O: the Completed portion Of the Ioad and
that sale may be made Of said railroad subject to
the Lien OF the first mortgage and accrued interest
thereon mentioned din in said sct which is mort,
| and accrued interest thereon, per mill; and
I whereas, said jndenture Of second mortgage,
General assembly, approved FsS1u:9y =,
1859. was duly recorded in the office OF the
and. whereas, said company has issued bonds Of
1900 each, dated July 1870. payable on the first
Of July. in the year isl5S~ith eight per cent inter-
! day OF January and July OF each gear said nte:
EST being REPRESENTED by coupons Of 6 4" each an.
nexed to said bonds aud said bonds have been
| n M An
ner and in accordance with the PROVISIONS Of said
act approved February y, 1859; aud whereas, the
the int rest On said honda guaranteed and said
interest has remained in arrears AID unpaid by the.
became due and was demanded OF said com pany:
and whereas. said default has continued up tn the
present time. Now. therefore. by virtue of the
! power and authority in me vested by said act OF
the General Assembly. approved sevents enth OF
February. 1866, and said indentu.e of mortgage,
sad act and SAID :ndenture Of mortgage,
will proceed through c. E. Girardev. auction.
eer: in the city of New Grieans, whom hereby
pose. to sell sad main line of railroad its franchise
| and appurtenancss, hereinbefore mentioned and
eass at WE'VE ocioes ~ at the S. CHARLES
| Auction Exchange, in the Rotunda OF the st.
Charles Hoe in the city 1t Of New 3rleans on WE'D.
tons and subject TO the lien OF the Ia: mortgage,
which is lien seer.Ting frs; morsgage bonded to
it we'll understood is to take the property judi.
! Gated .uhiec. to said incumbrances and the bid
which he makes will be considered bid for 80
| entire amount Did 10 to be paid in Cash ~ithOl.:
| any deduction whatever.
l The main line of railroad to be sold commences
at the point westwego. opposite the city of New
Orleans. the west bank Of the Mississippi river,
| and extends westward toward and to the point
I where it sntersects and crosses the western
! boundary o; the State OF Louisiana, in the parish
| OF Calcasieu by virtue OF tho provisions of said
&C: of the General Assembly Of the state Of Louisi
I ana approved seventeenth February. 1863. the
rolling stock and personal property is apportlOled
TO that portion Of tue road completed au! u opera
ton.
I The sale viii ne made IN sections as fo:lows
| Section I. From the point Westwego opposite
the city of kew Orleans. on the wess bank OF the
! Mississippi river. to distance Of seventy miles
and en- braces all the main line Of road completed
and in operation and in this section is lAclIaed e.
the rolling stock, cars. engines and personal prop
main line Of road.
Section g. Al. the right tit'e and interest that
property wing between poin: blatant sevent.
miles from :hs point "estwego and the Sab:ae
| river.
The purchase, Of each se.tion respectivei,
and representatives. and al! other rignts in,
! terests and estates OF tho company in
to tee lands occupied by the COMPANY. en-.
| braceG within the territorial limits Os the
:ions aud a,so ali .iepOts, statiO. houses. engine
! or carhou ,es waodhOUses. freight Q, stOyehOuses
sidings. repair shops. business ~ other Offices.
chops. and buildings situated within the limits Of
each section respectively. and also the corporate
| Louisiana in respect 20 tn. constructive opera.
| lions. and of said man line Of road. ae.
! Hure'i By the respective purchasers "t each sec.
tioI 50 tar a. sAey ass applicable 81 the sect.OUs
WILLIAM r. KEIIo,0.
I Governor and u AsAe.
( e. z. sI2ARDEv,
Are'onees and agent designated - make saie.