New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-26
OFFICIAL NOTICES.
.ACCTION SALE.
Trustees Sale of the Main Line OF Il ,
New Orleans, Mobile and Texas F..
road, West OF the Mississippi I.sa-,
and its Appurls aEc IS aud FraEch.es.


road, West OF the Mississippi I.sl-.
and its Appuris uanccs aud Frarch:os.
WHEREAS, THE NEW ORLEANS, MOBILE AND
w Texas Railroad Company, a corporatic- CIR
seness Assent s Of sa ta safe an act
to incorporate the New Orleans, Moo'ls .nd Chat
a. 1856. which said corporation was recc gnsed.
and approved as body polite and corperste By ar
act OF the General Assembly of the State of Loua
Mobile and Chattanooga Railroad Company, cor
poration of the State Of Alabama, and autho rzing
and empowering said company to exercs Snd
enjoy it's corporate powers and franchise in the
state of louisiana approved August 10, 1858, the
General Assembly of the State of Louisiana APPROX.
Mobile and Chattanooga Railroad Company o the
New Orleans. Mobile and Texas Railroad Com
pany did under it's original name, to wit: The
New orleans, Mobile and Chattanooga Railroad
Company and by virtue OF the provisions Of
act Of the General Assembly o. the , state OF louis
the railroad of the New Orleans. Mobile and Chat.
tanooga Railroad Company in IN, the State of LOUIS
ture the first day Of July. in the year 1880. be-
tween it and the Governor of the State OF Lous:-
ana. as trustee. for the purpose of securing the
payment Of the principal and interest OF certain
bonds, known as second mortgage bonds Of the
Company. guaranteed by the State Of louisiana.
aud for the further purpose Of securing the
Sonas and DID py said to
the then Governor Of the State cf Louisiana.
and his successors in Office, as trustees.
the main line Of railroad Of the said company
struc,ed to De constructed in that part OF the
State of Louisiana lying west OF the missile sippi
point where shall intersect the Mssis@ipp river
opposite the city OF New Orleans. west ward to tho
point where il shall crOss the western boundary OF
the State of Louisiana, in the parish OF Cacasieu:
also all the rights of any road beds and
Of s sss 81 of be sa
in and to the lands occupied by SAID railroad, or
thereafter to be acquired for that purpose. and
all depOts. station houses engine houses. caI
houses, freight houses srOrehoases warehouses.
wood houses. sheds. wharves, machine shops re-
pair shops. business offices and other offices shops
| and buildings. all engines and tenders. cars and
| othes rolling stock. all machinery: fixtures
| estate within the state of Louis, ana ap-
purtenant to or necessar tor the operation OF SAID
main line OF railroad then owned or thereafter
quyed by said company. and also all the corporate
franchises and privileges of said company granted
By the State OF Louisiana relative to the construc.
tien operation and OF said main line OF railroad
any part thereof in said State of Louisiana, ants
said ndenture il pursuance Of the PROVISIONS Of SAID
act approved February IL. 1869, prov des that III
case default shall be made by said com pans in thu
| payment Of the interest Of said second mortgage
main in arrears for sixty days after becoming DUO
! aud being demanded Of eaid company. the plinc:
pal Of all the bonds secured by said ndeHture AID
then outstanding shall upon the expirato.. ef sai
sxty DAYS become due and payable, an6 IN case o;
such default il shall be LAWFUL for tie Governor Of
] Louisiana and his successors In Office. personally
1 or BY attorney. or attorneys. or agents. OF
agent. 90 be selected and empowered TO:
| that purpose by the Governor afor esaid and his
successors IN office TO SCI! and dispose of al:
and singular the property and franchise, before
mentioned AID more particularly desert bed in
said ,ndenture at public auction. at such Ii me and
/ place i'll the city of New York or fl the city q:
New Orleaps % the said Governor and his success.
sors in Office may designate and appoint. having
first given notice of the Il and pacs OF sale by
@ , no. less 1nan s "a
| sale in one or more OF the daily newspapers pub.
lished in each OF said cities Of New York and New
r1oQn n al iS0n of M do -
| newspapers. And the sa 4 Governor or us cue.
cessors in ONCE is the completion OF such sale,
ance Of the property sold to the purchaser, ans
the said IndentUre further empowers the sale %
said property. real and personal, and the franchise
aforesaid in such portions the said Governor ~.
his successor in office may deem advisable, having
parties 70 be affected thereby, and duly .bser-;sS
I the laws of the State of Louisiana aud III. PRO.
| visions Of said :ndenture in reference thereto.
And the said indenture further provides, tia: IL.
making suc. sale, reference shall be had 30 :ba
provisions Of the third and thirteenth sections o.
the said act Of the General Assembly Of the State.
OF Louisiana. approved February l., 1858. which.
| provides that the rolling stock and personal prop.
erty shall appertan to that portion of the main
line of railroad which snail have been constructed
and operated, and shall be apportioned equally
| ceeds of tho completed portion of the road ans:
that sale may DO N AIDE OF said railroad subject
the lien Of the first mortgage and accrued interes:
gage 10 secure bonds TO the extent of sl2, @s.
and accrued interest thereon. PEI. mile: amt.
1
! in compliance with. terms of said act o:
the Genera: Assembly: approved Februar: u.
| Secretary OF State of che state 0: Louisiana.
and. whereas. said company has ISSUED bonds %
July. in she year 1915. with es: per cent .ntel.
est per annum, payable semi-annually. Oh the frs.
S s ena dI ~ co. ss
l nexed 70 ssid bonds, and said bonds have been
! guaranteed BY the State of Louisiana IN the
] per and in accordance witt. the provisions % SAID
! act approved February u. 1903 and. whereas I'll"
| said company has made default !J the payment o.:
The interest on cad bonds SO guaranteed, and sas
interest has aimed in arrears al. paid By :hU
said company more than sixty days aft.. s!e sams
became due and was demanded OF said company:
and. Whereas said default has c0nti:sled up - the
! present time. Now. therefore. by vi:tre Of :ha
the General Assembly. approved seventeenth ~
February. 1862. and said i1Gen.u:e .: mortgage.
dated July r !. isg. . ard a. :Insts. nndss
will proceed. through G. 4. Grardey. auctions
| Ger. in the city of New Orleans, whom, ier.hy
pose. 70 sell lin. of railroad rs .rsic!.s.
! and appurtenances. Hereiabefore mentioned and
ser easS. at . pss. oeoea IA: E S. :s
Auction Exchange. n the Rotnnda OF sAe -.
.SEsDAY. September So 1854. in she fo.!owil: SET.
tions and subject to the lien OF the FIST mortgage
Which is a lien securing sss: mortgage: oon.sd ice
tie extent OF $l2 80. per M.ie and the purchases
Gated subject, 10 ead :,cumbranees. amt ii. bic:
which he makes wils be considered bid 20:
| much owe. and Abeye said !Hcumtran"c. ana .:is
! entire amour: bid is 20 10 2ai! IL cash. ~.:s:.:
| any deduction Whatever.
the mali. line o: RAILROAD so bs soii CONN. ..ea
] a: the point "est"ego. opposite ihe city D! Sew
Orleans s.e west sank %: the Miss spp1 r..e3.
4 ana extends westward sowaft: and TO :Le paih3
l where j. :ntegsec:s and tbs 1este.:
of Cacasien. by virtue of til. provisions o: as.i.s
act o; the Genera! Assembly Of I'll" State o. Los.
| ana. approved seventeenth; February. 1853. :an
rolling stock an! personal property il. .p',n:. ones:
to TIA; portion Of the road cap.e:e; ad j. c:.ss.
I ton.
! The safe wi: ne made IN sections. NJ :e;:o.yn
! Section l. From the point Wxstwagp. Oo,usi:R
the city OF New Orleans. on the west Sas q: sSn
! Mississippi river. 20 distance Of seye.i; :.es.
AID embraces all the nam kne o: road con;. .sel
aId il operation. and in this sections is :.c.ua- ~:
She rolling stock. ears, engines and Persona. pros.
I main line OF Soad.
Section q Az :he r:s!.e. s.:!e and !:,.fes. :A.S
the State of Louisiana may Lav. il, arr Z" III.
I property WING between a pom. distant ,"'.!.:v
! miles from tho point Wssswe:,0 al! :.s Sa:.:.ss
i river.
l The purchaser of each ec..i.s respectively
| acquires al. ;he rights .! nar. Io,l. beds.
| and supers. rvctu.es, and al: 0tn.s :!g.:s -.
| 10 tne lends occupied BIS ths r.n.;'an:. eIs
I traced within The terg.toy.a. Limit. OF III. s.ss
lions. and also a.: dep0ts. station. c:s.s. s':!:<
or carho'1ses eodhouses. tres!.: OK s."rs "us"'o
! sdiags. repair shops. S1s,e.s D: ".l.r %h"e".
shops, and buildings situated within the !l' ts %
each section respectively. and 5" the cor poraI's
I franchises and privileges granite! bv Tue states:
tOns. and of sai2 mai. ll.S o! ;oA!. aye acc
I s.;re1 by She respective I:chassrs % ear !! s.se
ton 50 far ~ :..cy are a2!c""c 20 '.e st"t.'.sS
WILLIAM P XELI1s,s
:o'"rDo. sils yS:.."eS
6. Z. GlRARDEi.