New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-29
OFFICIAL NOTICES,
AUCTION SALE.
Trustees Sale of the Main Line OF tn.
New Orleans, Mobile and Texas Pail.
road, West of the Mississippi River.
and its Appurtenances and Franchise.

New Orleans, Mobile and Texas Fail,
road, West of the Mississippi River.
and its Appurtenances and Frauchi.e.
WHEREAs; THE new ORLEANS, MOBILE AND
" Texas Railroad Company, a cooperation Gre
ated by the State of Alabama BY an act OF the
General Assembly of said State, entitled AN act
to incorporate the New Orleans Mobile and Cha
tanoOga Railroad Company" approved SoveFsber
a. 1866, which said corporation was r.co1nI zsS
and approved a body polite and corp0ra.e hv a.
act OF the General Assembly OF the State Of Lon
isiana entitled AN act relative 70 the New Oreans
Mobile and Chattanooga Railroad COMPANY q cor
poration of the State of Alabama and authorizing
and empowering said company to erercisa ana
e.a IFS os po"eds aa fsaneis4 IN the
name of said company having been subsequently,
changed by authority OF a iolnJ resolution Of the
General Assembly OF the state of Louis ana approx
| ed eighteenth April 1871, from the New Or!ea1s
Mobile ana Chattanooga Railroad COMPANY 70 "a
New Orleans, Mobile and Texas RAILROAD CON-
| pany, did, under its original name, wit: The
New Orleans, Mobile and Chattanooga Railroad
Company, and by virtue OF the provisions OF an
ana, entitled act to expedite the construction Of
the railroad OF the New Orleans Mobile and Graf
tanooga Railroad Company in the State Of Lotisl-
ana approved February l., 1859, execute inden.
ture on the first day of July. in the v-a- 1870 b.
tween 1t ard the Governor % the STATE Of Louisi-
ana. as trustee, for the purpose OF securing the
payment OF the principal and Interest OF Certain
bonus known as eecopd mortgage bonds Of the
New Orleans, Mobile ana Chattanooga Raii-oaS
Company guaranteed b. the State OF Louisiana
and for the further purpose OF securing the
state OF LOUISIANA as guarantor Of sad
the then Governor OF the state OF LOUISIANA
and his successors in office as trI.stees
the main line OF railroad Of the said COMPANY cor
structed Or to De constructed n that par OF the
State of Louisiana lying vest Of rlle II ss..sipg
river. The saiG main line extending from tie
point where it shs. intersect tie MISSES 9p r7ar
opposite the city Of New Orleans westward 20 ts
point where i snail cross the western bo,adarvy
the State o! Louisiana in the parish OF Caoasis.
a. rsl h6I and
tons OF the said line Of railroad ana a.; the Other
rights interests and estates Of the said COMPANY
| in and to the lands occupied by said ia road or
thereafter to be acquired Tor that D;tp0se aud
all depo,s, station houses, engine hoIlses car
houses, freight houses. store houses Wa -eholses
wood houses. sheds, wharves machine shops re-
pair shops, business offices, and O-le- Il ,=s shops
and buildings, al engine and tenders, cars ant
other rolling stock, all machinery, hZturee
fuel and material and al zeal ana personal
estate within the State OF louisiana ap-
purteran. 10 necessary for the operation of said
main line OF railroad then owned or Thereafter sc-
qulred By sad COMPANY and also al the oorDorats
franchises and privileges OF said COMPANY granted
BY the State OF louisiana relative to the coIstrc
ton. operation and Of said main ne o. "a road
any part thereof in said State OF Louisiana and
said inGenture il pursuance OF the provisions said
act, approved February II, 1869, provides that Il
default shall be made by said com p4ny il the
payment OF the interest of said seCG--i mortgage
bonds OF any part OF them and the sane ahall re-
main N arrears for sixty DAYS after becoming due
and being demanded OF said company. tie prine-
pal OF all the bonds secured b. said indenture aud
then outstanding shall upon the expiration Of said
sixty days become due and payable and il case of
such defauIt it hall De lawful for th Governor Of
Louisiana and his SUCCESSORS in offce. personslT
or by attorney, or attorneys ayeuts O,
agent, to be selected and empowered 70,
that purpose By the Governor Aforesaid and h.
| SUCCESSORS ID office TO sci and dispose OF az
| and singular the property and franchises before
| mentioned aud more particularly described II
said lrdenture at pubic auction a. sue. tine and
| place il the city of New York or il the city Of
New Orleans as the said Governor and his success
sors in office may designate and appoint HAVING
INST notice OF the and = br
advertisement. published not less than SIX week.
Immediately PRIOR to the time designated to- scek
sale, IN or more OF the daily newspapers PUP
lshed in each of said cities Of New York and NsE
Orleans, ana in each and every OF saiI dali
newspapers. And the sad Governor or L 5 sut
cessors in office is the completion u such sals
authorized BY said.iDdentura 10 make q Coave7.
ance OF the property so SOLD 70 the purchaser. AM
the said iudenture further empowers the sac q
said property, real and persona. AID tie franchS
aforesaid IN such portions as the said Governor
his successor in Office may deem advisable having
Just reference to the rights and interests OF al
parties 10 be affected thereby, and duly observing
the laws of the State of Louisiana and the pr0
visions Of said indenture IL reference thereto.
And the said indenture further provides that i
making such sae, reference shall be lad 70 ths
provisions OF the third and thirteenth sectiousG
the said act OF the General Assembly OF tie >cas
of Louisiana, approved February =, 1850 vhic.
provides that the rolling stock and personal prop
erty shall a2pertain to that portion OF the man
line of railroad which shall have been CONSTRUCTED
and operated, and shall be apportioued equally
upon each mile thereof, and shall be deemed IN /
ceeds of the completed portion or the road al
that a sale may be made of said railroad subject
the lien OF the first mortgage and accrued iliereS
thereon, mentioned in said act which is NOR |
gage to secure bonds to the extent O. =l25G
and accrued interest thereon, per mir; a1l
whereas, said indenture OF second mo-tgass I
IN compliance with terms OF SAID acE
the General Assembly, approved February T.
1859, was duly recorded IN the Office OF ts
Secretary Of State of the State o. LoaisanK
and. whereas, sf,td company has issued bonds q
1000 each, dated July l, 1870, payable on the Inst
of July, in the year 1915, with eight per cent inter
est DAyablG mi-anuuallv m .ba IL
day of January and July OF each wear said inter-
est being represented by coupons Of E 40 each ar
nexed to said bonds and said bonds have S-l I
guaranteed by the State of Louisiana IN the NM
ner and in accordance with the provis.ous Of sad
act approved February L. 1863: and whereas. IL
said company has made default in the paEalentd
the int rest on said bonds so guaranteed and sal
interest has remained in arrears aRd unpaid by u
said company more than sixty days after the san /
became due and was demanded of said compaU y
and, whereas, said default has continued up - u
present time. Now, therefore, BIZ virtue Of y
power and authority in me vested by said acts
the General Assembly, approved seventeenth &
February, 1869, and said indenture of mortgas
said act and SAID indenture sol mortgas
will proceed, through c. {. Girardev, auctios
eer, in the city of New Orleans, whom l hereE
designate as my agent and attorney for that pr
pose, to sell SAID main line of railroad its tranchs
and appurtenancee, herenbefore mentioned an
described, a: public uctton, TO the highest hiddsi
for cash, at twelve O'clock NJ, al the ST Charlal
Auction Exchange, in the ROtunda OF the
Charles Hotel in the city OF New Orleans on WE'D
NESDAY, September 80, 1874, in the following see
tons and subject TO the lien OF the first mort gag
which is lien securing first mortgage boudedHK
the extent of SIP 500 per mile and the purchase
it is well understood is TO take the property aduG
Gated subject to said membranes and the BIZ
which he makes viii be considered bid Tor
much over and above said incunbrance AMI tGa
entire amount bid is to De paid in cash withouE
any deduction whatever.
The main line OF railroad to be sold commencaT
at the point Westwego, opposite the city of Metz
Orleans, the west bank of the Mississippi riyei
and extends westward toward and 70 the poe
where II lnterSeCtS and the
boundary of the State OF Louisiana IN the paris
of Calcasieu, by virtue of the provisions Of sad
act of the General Assembly of the State OF Louis
ana, approved seventeenth February 1854 "
rolling stock and personal pIoNerty is apportlora L
to that portion of the road completed and u open
ton. :
The sale will be made in sections as follows
Section |. From the point Westwesc cppas
the city OF New Orleans, on the west bank ar
mississippi river, to a distance OF seventy NE 4
ana embraces all the MAN line of road coulpIeS III
and IN operation, and in this section is ineiuaedI
the rolling stock cars, engines ana personal pHf
erty OF the company attached 10 the WAo4e OF 81
main line of road
Section q All the right, title and Interest tbs
the state of Louisiana may have IN ans 20 w
miles from the point Westwego and the SahH
river.
The purchaser of each section respecttvetf
acquires all the rights of way, road. beds
and superstructures, and all other rights IL
terests and estates OF the company in ara
to the lands occupied by the company, en-
braced within the territorial limits or the SCI
TONS and also all depots, stationhouses eng1E
or carhouses, woodhouses, freight or storehouses
warehouses, sheds, wxharves machine shop
sdings, repair shops, business or other Offices
shops, and buildings situated within the limits
each section respectively, and also the corporaF
franchises ana privileges granted by the stated
LOUISIANA, III respect to the constructive opsrf
tons, and are of said main line OF road are sc
quired by the respective purchasers of each SET
ton so iar as they arr applicable to the sections
WILLIAM ?. KELLOGG,