New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-08-25
AUCTION SALE.

Trustees Sale Of the Main Line OF tho
New Orleans. Mobile and Texas Rail-
road, West of the Mississippi River,
and its Appnrtenances and Franchise,
WHEREAS THB NBw ORLEANS, MoBII AND
w Texas Railroad Company, corporation ere
General Assembly Of SAID State, entitled IAN act
to incorporate the New Orleans, Mobile and Chat
y. 1866, which said corporation was recognized
and approved "a body polite and corporate by an
set Of the Genera Assembly Of the State Of Lou
Mobile and Chattanooga Railroad Company, cor
poration Of the State Of Alabama, and authorizing
enjoy its corporate powers and franchise in the
State Of Lo1 Lon Asususs H. lSSs the
cssnsea By on resousn OF thy
General Assembly Of the State Of Louisiana APPROX.
ed eighteenth April, 1871, from the New Orleans,
New Orleans, Mobile and Texas Railroad Com
pany, did, under its original name, to wit: 1.-The
Company and BY virtue Of the provisions of an
set Of the General Assembly OF the State OF Louis-
ana, entitled act to expedite the construction Of
the railroad Of the New Orleans, Mobile and Chat
tAnooga Railroad Company In the State of LOUISE
ana approved February II. 1869, execute an inden-
ture on the first day Of July. in the year 1870 be-
tween it and the Governor Of the state of Lorisi.
ana. - trustee, for the purpose of securing the
payment OF the principal and interest OF certain
Few Orleans, Mobile and Chattanooga Railroad
Company, guaranteed by the State of Louisiana.
State '' of Lomsiana as s1arantor Of said
bonds and did by said iudenture. convey to
and his successors in office, trustees,
the main hne Of railroad of the said company con-
structed OF to be constructed in that part of the
river. The ssid 1nsin line extending from the
point where it shal interseet the Mississippi river
the
the State Of Louisiana, in the parish of Cacas eu;
also al the riahts Of any road beds and superstruc
rights: interests and estates Of the said company
in and to the lands occupied by said railroad, or
thereafter to DE acquired for that purpose, and
ali depots, station houses, engine houses, car
houses; freight houses, storshopses warehouses,
. Sr sasp.
and buildings, all engines and tenders. cars and
other rolling stock all machinery, fixtures.
setate within the state Of Louisiana APP
purtenant to or necessary for the operation OF said
ouired By sad company and aiso ali the Corporate
franchises and privileges of said company granted
by the State Of Louisiana relative to the cOnstruc
ton, operation and of said main line of railroad
or any part thereof in said State of Louisiana, and
said ndenture in pursuance Of the provisions of said
shs e fn ia N
payment of the interest of said secoLd mortgage
bonds or any part Of them, and the came shall re-
main in arrears for sixty days after becoming due
and being demanded of said company, the pTinci.
pal OF al the bonds secured by said indentuTe and
sixty days become due and pay able, and in case of
such default it shall be lawful for the Governor OF
Louisiana and Lis successors in Office, personally
or by attorney attorneys, or agents,
agent, to be selected and empowered for
that purpose by the Governor aforesaid and his
and singular the property and franchises before
mentioned and more particularly described in
pace in the city Of New York or n the e sa
New Orleans as the said Governor and his success
sors in office may designate and appoint, having
first gwen notice of the time and place of Gale by
advert sement, published not less than Elk weeks
Immediately pr1or to the time designated for such
Eshed in each Of said cities OF New York and New
Orleans, ana in each and every issue of said daily
newspapers And the said Governor or bis sue
cessors in Office is on the completion of such sale,
authorized by said iDdenture to make convey
anee Of the property so sold to the purchaser, and
said property, real and personal and the franc hise
Aforesaid in such portions as the said Governor OF
his successor in office may deem advisable ha wing
Just reference to the rights and interests of al
parties to be affected thereby, and duly observing
the laws of the State of Louisiana and the pro.
And the said indenture further provides that in
making such sale, reference shall be had to the
the said act of the General Assembly of the State
of Louisiana, approved February II, 1862 which
provides that the rolling stock and personal prop
line of railroad which shall have been constructed
and operAted, and shall be apportioned equally
upon eacn nile Thereon, anu 0lHl Dc a6emeQ pro-
that sale may be made OF said railroad s1biect 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 mile; and,
whereas, said indenture of second mortgage,
the General Assembly, approved February II,
lsea was duly recorded in the otice Of the
snd. whereas, said company has issued bonds OF
1000 each, dated July l. 1870. Fable the first
est per annum payable semi.annualiy, on the first
day OF January and July Of each year, said inter
Icing 7, Sas BY S of % each an
guaranteed by the State of Louisiana in the man
ner and in accordance with the provisions OF SAID
said company has made default in the payment OF
the interest said bonds guaranteed, and said
interest has remained in arrears 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 tho
power and authority in me vested by said act of
the General Assembly, approved seventeenth OF
said act and said indenture of mortgage,
Twill pToeeea thFough G. T. GiraEdey, auction
designate as my agent and attorney for that pur.
pose to sell said main line of railroad, its franchise
and appurtenances, herenbsfore mentioned and
described, at public auction to the highes. bidder
for cash, at Twelve O'Clock H. at the ST. Charles
Auction Exchange, in the Rotunda of the ST.
=.
E8SDAY September 80, 1874 in the following sec
tions, and subject to the lien of the first mortgage
which il a lien securing first mortgage, bonded to
the extent Of &l2, 500 per mile and the purchaser
it well understood is to take the property adiud-
Gated subject to said incumbrances and the bid
which he makes will be considered a bid for 30
much over and above said incumbrance, and the
entire amount bid ia to be paid In cash, without
any deduction whatever
The main line of railroad to be sold commences
at the point Westwego, opposite the city Of New
Orleans. on the west bank OF the Mississippi river
and eytpuda We rd I'd nd tn fha {pt
boundary of the State OF Louisiana in the parish
OF Calcasieu, by virtue OF the provisions of said
act of the General Assembly Of the State OF Louisi
ana. approved seventeenth February, 1853, the
rolling stock and personal property is spportioned
to that portion Of the road completed and III opera
ton.
The sale will be made in sections as follows:
Section |. From the point Westwego opposite
Mississippi river, to o distance OF seventy miles,
and embraces all the main line OF road competed
and in operation and in this section is included all
the rolling stock, cars engines and personal prop
erty of the company attached to the whole Of said
main line of road.
Section Q. All the right, title and interest that
the State of Louisiana may haSe IN and 10 the
property lying between a point distant seventy
miles from tie point Westwego and tae Sabine
river.
The purchaser Of each sertlon respectively
acquires all the rights OF way, ROAD, beds,
and supers.ructures, and all other rights in
/ terests and estates OF the company in ara
to the lands occupied by tho company, EN-
braced within the territorial limits of tine sec
tons, and also a.! depots, statonhoEses. engine
warehouses, sheds, wharvee, machine shops,
sidiugs, repair shops, business or other Offices,
shops, and buildings situated within the limits OF
each section respectively, aud also the cosporst.
Louisiana, respect to the constructive opera