New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-22
OFFICIAL NOTICES,
AUCTION SALE.

New Orleans, Mobile and Texas Rail-
read, West Of the Mississippi Rivev.
and its Appurtenancrs and Franchise.
W Texas Railroad Company, corporation ere
ated by the State OF Alabama by an act of the
General Assembly Of sad State, entitled an act
to incorporate the New Orleans, Mobile and Chat
tanooga Railroad Company" approved November
"a 1906, which said corporation was recognized
and approved as body polite and corporate by an
act of the General Assembly of the state of Lou
isiana entitled IAN act relative TO the New Orleans.
Mobile and Chattanooga Railroad Company a cor
! poration of the State Of Alabama and authorIzus
and empowering said company to exercise and
State Of Louisiana" approved August IS 1875. tn.
name of said company having been subseoue1 tlv
CHANGED by authority OF a JOINT resolution of tho
! ed eighteenth April, 1871, from the Sew Orleans.
| Mobile and Chattanooga Railroad Company to the
New Orleans, Mobile and Texas Railroad Com.
pany, did. under its original name, TO wit: The
1 New Orleans, Mobile and Chattanooga hailroad
Company" and by virtue of the PROVISIONS of ar,
act Of the General assembly OF the st ate Q, Louise
ana, entitled an act to expedite the construction Of
| tanoosa Railroad Company in the State of Lousi.
ana. approved February II, 1859 execute linden.
ture on the first day of July. in the year 1870 b..
tween it ard the Governor of the state of houisi.
ana As trustee, for the purpose of securing the
payment Of the principal and interest of certain
bonds known az second mortgage bonds OF the
Kew Orleans, Mobile and Chattanooga Railroad
Company, guaranteed by the State OF Louisians.
| and for the further purpose Of securing the
State Of Louisiana as guSrantOS of saia
bonds and did by ssid indenturs convey to
the then Governor of the State Of Louisiana.
and his successors in office, as trustees.
the main line Of railroad of the said company
stIucted or TO be constructed in that part of
| state of Louisiana lying west OF the Mississippi.
I riv.Y. The said main line extending from tbs
point where it shall ntersect The Mississippi river
point where il shall crOss the western boundary Of
the State Of Louisiana, in the parish of Calcaseu:
also All t 10 n sy aGa Ssas ana M
rights interests and estates of the said company
in and to the lands occupied by SAID railroad, or
thereafter 20 be acquired for that purpose, ana
all depO:s station houses. engine houses. Gag
houses freight houses, sOrehouses warehouses.
! wood houses. sheds, wharves, machine shops r.
pair shops. business offices, and other Offices shops
and buildings, all engines and tenders ears and
other rSns .1ck and all m1shne,y
| estate within the State of Louisiana sp-
purtenant to necessary for the operation Of said
| main line of railroad then owned thereafter
Quiret by said company, and also all 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
any part thereof in said State of Louisiana and
act approved February n, 1859 provides thai in
case default shall. be made by SAID company in the
| payment Of the interest of said second mortgage
bonds or any part OF them and the same shall
main in arrears for sixty days after becoming due
and being demanded of said company. the prnci.
pal Of all the bonds occurred BY said indenture and
then outstanding shall upon the expiration OF said
| sixty days become due and paw able and in Of
such default it shall be lawful for the Governor Of
Louisiana and his successors in Office personAlly
| or by attorney, or attorneys agents,
agent, 20 BE- selected and empowered for
| successors IL office to sell and dispose of all
and sinsulSs the property and franchises before
| mentioned, and more particularly descyl bed in
aaid lndenture At public auction at such time and
| place in tho city of New York or in the city Of
| sors in Office may designate and appoint having
first gwen notice of the Il and place Of GALE by
| Immediately prior to the time designated for such
sale, il one or moro Of the daily newspapers pub
lished 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 his
csssors in oics is. on the completion of such SALE
1 authorized by said iudenture to make convey
ance of the property sold to the purchaser. and
the said indenture further empowers the sale Of
said property, real and personal and the franchise
aforesaid in such portions as the said Governor or
his successor in office may deem advisable, having
parties to be affected thereby and duly Obser wing
| the laws of the State of Louisiana aud the pro.
| visions of said indenture in reference thereto.
making such sale reference shall be had to the
provisions of the third and thirteenth sections OF
! of Louisiana, approved February Il, 1863. which
provides that the rolling stock and personal prop
line of railroad which small have been constructed
! and Operated, and shall be appOrtioned equally
! upon each mile thereof and shall be deemed pro
! Ceeds Of the competed portion OF tine road and
! that = sale may be made OF said railroad subject to
the lien Of the first mortgage and accrued interest
| thereon, mentioned III said act, which ia mort
gage to secure bonds to the extent OF sl2,5Oo.
and accrued interest thereon, per mill; and.
whereas said indenture of second mortgage
in compliance witt. terms OF said ACT OF
the General Assembly, approved February II,
1865, was duly recorded in the once of the
and whereas said company has issued bonds OF
1900 each. dated July I. 1870. PAYABLE the first
of July. in the year 1915 with eight pc, cent inter-
est per aunUI, payable semi annually, the first
day of January and July of each year said inter.
nexed to said bonds, and said bond. have been
guarant. ed by the State OF Louisiana IN the man
ner and in accordance with the provisions OF said
act approved February Il, 1862 and, whereas, the
| said company has made default in the payment of
! the interest on said bonds SO guaranteed and said
interest has remained in arrears AID unpaid by fine
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 tina
presen. time. Now, therefore. by virtue Of the
power and authority in me vested by said act OF
the General .s Assem a approved seventeenth Of
said, act and SAID indenture of mortgage.
| will proceed, through G. 4. Girardev auction
eer, in the city of New Orleans whom hereby
designate as my agent and attorney for that pur
and appurtenanc-s. hpreinbefore mentioned and
described at public auc ton. 10 the highest bidder.
for cash, at twelve o'clock ~. a. The st. Charles
| Auction Exchange, III the RotuHda OF III. 1T.
Charles Hotter. in the city of New Orleans, on WE'D.
NESDAY, September 80, 1874, in the following acc.
tons and sub ec' 20 the lien of the first mortgage.
! which 10 lien securing first mortgage. bonded to
the ext. MT Of S2, 500 per nile and the purchaser
it is wei! understood il to take the property .d adj
| Gated SUBJECT 70 said inCUn ORANGES and the bid
| which he makes will be considered BIZ! FOR so
| much oves ami above said incu'n brance. ard the
entire amount bid Is to be pad IL cash, without
| any deduction whatever.
| Ths main line OF railroad 10 be sold commences
| at tho point Westwego, opposite the city Of New
| Orleans on the west bank OF the Mississippi. river
| and extends westward toward and to tho point
| where i: intersects and cr"ssesf the western
| boundary OF the state oi Louisiana, III the parish
I OF Calcasieu. by virtue of TIN. provisions said
act of the General Assembly of the State Of Lous.
| ana. approved Seventeenth February. 1862 the
| rolling stock and personal property /. apo, Toned
to that portion OF the road pietel ans. IN opera.
| zion.
| The sale viii he made in sect on. a. .o!owe
| Section !. From the poii: Westwe.., opposite
the city of Ne" Orleans. on the bank Of the
| Mississippi river TO n distance ~ se-en': miles
| and embraces all the man lin. OF road cniE a.ied
and Il operation and in this j. lnclIH.d all
the rolling stock, cars. engine, ant PERSONS. prop.
erty of the company ATTACHED to III. " hole O.: said
| man line Of road.
Section 2. All :h- right. title and in..,e.. thai:
| the state OF Louisiana may have in and :" the
miles from the point We.twG 20 and ta- .a.lo
| river.
! The purchaser Of eac: section ,..i-c:~eiv
| acquires all the rights % way iOa: beds,
and euperstvuctI,as, and all Ot.e: rg:'s IN.
teiests and estate. OF 'h. :"mp-ny - ana
| brace6 within The territorial! limit. q: III" .sc'
tons, and also all depo:s, sta'ioni..ns-s 'l:ino
Or csrhOuses. woOdh0Use., ire 2i: ar .t'i.!"!s's.
I warehouses, sheds ~ha,res. .aa"s.i'- sl!' pss
| sidings. repai. shops business or ~ Ia' "f'.s
shops and buildings situated within 'i'' .i"te OF
| each section respectively, aud ;s" ~ 80; '' 40
! franchises and privileges .fai."G ~ :h' :'"." ~
! Louisiana in respect To- tl1e Holst;,:e'i =" "r'ts
| Guyed by the respective VGic"a,e:1. . zen s"c'
zion IA, ~ they ~. applicable =" 49, "ocs"
'" WILLIAM p rg:iJG:.
. ana Cr,..:sN