New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-11
OFFICIAL, NOTICES.
AUCTION SALE

Truatee,s sale Of the Main line OF the
New Orleans, Mobile and Texas Rail-
road. West Of the Mississippi Rivefs
! and its Appurtenances and franchise
! HNBEREAS, THE NEW ORLEANS. MOBILE AND
| w Texas Railroad Company, corporation ere.
| a-ei by the state Of Alabama by an act OF the
Genera. Asseulb Y Of said State entitled an act
10 incorporate the New Orleans, Mobile and Cnat.
tanooga Railroad Company6 approved November
/ -. 1866. which sad corporation was recognized
and appro. I'd body eo!itic and corporate by an
act Of the General Assembly of tho State of Lou
is.a,a. entitled Gan act ESatv~eO the New Orleans
| MOi.'. and Chattanooga Rsiiroad Compan . cor.
poratot. of the state of alabama, and authorizing
| aud empowering said COMPANY TO exercise and
I enjoy irs corporate powers aud franchs. IN the
name Of SAID company having been subsequel thy
changed by authority of a Joint resolution OF the
ed eighteenth Apr!. 1871. from tbe New Orleans,
| Mobile and Chattanooga Raj road Company to the
New Orleans. Mobile and Texas Railroad Come
! panv. dia. unde; i,s original nanss 10 wit: THE
| New dreams. Mobile and Chattanooga Railroad
Company "snd b.. virtue Of 'he provisions OF An
act Of the General Assembly OF the state OF Lousi.
| the railroad of Vie New orleans. Mobile and Chat
| ,anooga Railroad Company in the state of LOusi.
! ana. approved February II. 1863 execute linden.
she first day of July. in The year 1870. be-
| tween it aid the Governor OF the State of Louisi.
| ara. as trustee. for the purpose Of securing the
payment of the .lincipa! and interest Of certain
| bonds, Known as second mortgage bonds Of the
| Company. qua: .nteed by the State OF Louisiana,
an. for :he further purpose Of securing the
oad and d oy said sA to
:.le sae!. Governor OF the State q Louisiana.
M m Of ss as son
strIcle: %: ~ re constructed in that part of the
State OF Louisiana lying west OF The Mss sippi
! river. The SAID mann line extending from the
pom. where II shall ntersect the Mississippi river
opposite the city OF New Orleans. westward TO the
point where J: snail the western boundary Of
! ALL Calca
all the ,ign:so any road beds and suDerstruc.
lions the said line of railroad. and all the other
fights interests and estates OF the said company
IN and TO the lands occupied by sad railroad, or
| theIeatJe: (" he acquired for that purpose. and
| all .epOts station houses. engine houses.
.orses. freight houses. s:orshouses. warehouses.
| wood houses, sheds. wharves. machine shops.
and buildings. all engines. and tenders. cars and
other rolling stock. All machinery: fixtures:
f and Whit a.. ana Sa az Of If' a a
purteEant to or necessarv for the operation Of said
main line OF railroad then owned O: thereafter
qured by said con:psny. and also all the CORPORATE
franchises and privileges of said company granted
by the State o: Louisiana relative TO the constr!.
ton operation and use of said main line of railroad
any part thereon in said State OF Louisiana. and
said indenture u Of the provisions or said
act h ,sss provides tiaf N
Il payment Vf the interest,", OF said secOEd mortgage
bonds or any part of them. and the same shall re.
| main IN arrears for sixty DAYS after becoming due
and being demanded OF eaid company. the piinci.
pal OF all the bonds secured by said indentnre and
!
sixty .iavs becom. due and PAYABLE. and in case Of
such DE- fault Il shall be lawful for the Governor of
Louisiana and his successors in Office. personally
"E b! attorney. or attorneys. or agents. or
agent. 20 be selected and empowered for
that purpose by the Governor aforesaid and his
| successors IL office to sell and dispose Of all
| and singuia the properly and franchises before
mentioned ard mere particularly described In
said 'nden:Ee at pubic auct ion at such time and
pace il. The city ct New York or in the city Of
New Or. cans as the said Governor and his success
frlssJ .h,st1 Qv6n n. IF hy
:.Ive. i3ene:.-. published NOT less than six weeks
:mue'l a:e' PRIOR 10 the time designated for such
.ishej II each of said cities OF Ne W York and New
orleans. ara ii. each and every issue said daily
cessors i, etfce is OF the completion of such sale.
! authorized Oy s.iG !ndenture TO make a convey.
aHce O: the property sole 70 tie purchaser, and
ti!e SAL I.denture further empowers She sale o:
SAID property zeal and petsonal and the franchise
! aforesaid il such portions as the sad Governor 0,
his successor Z, Office may deem advisable. having
jus: reference % the nights and interests Of al.
parties 20 be Affected Hereby. and duly observing
I t he laws OF :lo State Of Louisiana aud the bro
visions OF saf,! iIIeH.ure in ref thereto.
And the said indenture further provides. that in
making such sale. refeience shall be had to the
ptrr.siODs OF the third and thirteenth sections Of
the said act OF The Genera! Assembly Of tho State
OF Louisiana. approved February II. 1859. which
provides that .te ioi.ng stock and personal prop.
ert' snail appertan .. that portion Of the main
Inc Of railroad which shal! have been constructed
.4d 'pe.stsd, ana s.''i. Re apP":tioned equally
...d' OF the compel. portion OF She road, and
sac may rs ~ De q said railroad subject to
TIC 'iene: the frs mortgage AID accrued interest
.heIecu. mentioned II sad act. which is a mort.
gage to secure bonds 20 the extent of $l2 500.
whereas sd .n.asur. .: second ps msrtgas age
l II compliance WIN terms Of said acs OF
,ae Genera AaeInay approved February T.
! Secretary o: State OF enc State of Louisiana;
and whereas said company has issued bonds OF
O: JAY tie yea: 1875. with eight pc, cen: inter.
is: per auIua. payable sem. annually. on the first
es, 1ein. repses. ntet: by coupons OF q. each an.
neZed 20 said bonds. and said bonds have been
guarantees. By the State ct Louisiana in the man:
| &C: approved February l.. 1859; aud. whereas the
| said company has made default N :as payment OF
tae inJer rest on said oords guaranteed and said
interest has Remained in arrears AID unpaid by the
said company more than sixty days after the same
ard. whereas said .!etau. has continued mp TO the
| present time. how. therefore. by virtue OF the
power and authority il me vested by said &C: of
! tine Geners5 Assembly. approved seventeenth OF
| February. .otS and said indenture of mortgage,
dated July !. .s.s. and. as trustee under
will proceed. through c. E. Gira,dey. auction.
Ger. III the city OF New Orleans. whom hereby
designate as my agent and ATTORNEY for that pvr.
! and appur:eIances. herenbefore mentioned and
described a: public uc.lon. % the highest bidder.
for cash. at t''.v. O'clock NJ. at the st. Charles
| Auction Exchange. in the 2o5,nda of the st.
Charles Hotel, IL the city of New Orleans on WED.
NESDAY, September 80 13-. in the following acc.
tons and subject to the zen Of the t,s. nortga e.
which is lien securing first ;nortga re- bonded to
| the extent Of $2, SOC per mile, and the purchaser
il wei. understood is to take the property ad u
| CARED subject TO said membranes. and the old
wHich he makes will be considered bid FOR SO
| much owe. ana. above said ncUmblance and tie
entire amount bid j. to be paid in cash, without
| any deduction whatever.
! The main liz. of railroad 10 be sold commences
| at the point Westwego. opposite the city Of New
| Orleans. On the west bank Of the Mississippi river
| AMI extends westward toward and 70 the point.
| where it intersects ami crosses the western
| boundary OF the State OF Louisiana IL tne. narish
OF Calcasieu. by virtue of the provisions of said
act of the General Assembly OF .he State OF Lolis
| ana. approved seventeenth February, 1863 the
rolling stock and personal property is apportoned
to that portion OF the road completed and ia opera.
| ton.
| The safe will be made In sections, as follows:
! Section l. From the point West egO. opposite
| the city OF New Orleans, on the west bank Of the
! pp river. to a distance Of seventy miles,
! and embraces all the MAN line of road completed
and IA operation, and in this section is included all
the !oLlin2 stock cars engines and personal pre- D.
erty a. the company attached to the whole OF said
! main line OF road.
Section 2. All the right, lite and interest that
1 the State OF Louisiana may have i'll and to the
! property lying between a point distant seventy
miles from the point Wesswego and the Sabine
| The purchaser OF each section :espective;v
| ACQUIRES an the rights of way, road. beds
ana superst fractures. and all other rights in
tere5ls ana estates OF the company IN and
TO tne lands occupied by the company, EN-.
tions, and also all depots, statonhouses, engine
OF caThouses, woodh0uses, freight or stOreh ouees
| warehouses, sheds wharves, machine shopa
sldlngs, repair shops, business OF other Offices
shops, anu buildings situated within the limits OF
each sectlon respectively. and also the corporate
| franchises and privileges granted by the State of
| Lousians, IN respect to the constructive opera.
tons, ana are OF said main line Of road, are &C.