New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-03
OFFICIAL NOTICES,
AUCTION SALE
Trustees sale of the Main Line of the
New Orleans, Mobile and Texas RRilo
road, West of the Mississippi Rivcr@

' ",
ated by the State of Alabama BY an act of the
General Assembly of said State. entitled IAN acc
to incorporate the New Orleans Mobile and Chats
d. 1856, which said corporation was recognized
and approved as body polite and corporate by
isana, entitled an act relative to the New Orleans
Mobile and Chattanooga Railroad Company q core
poration of the State Of Alabama and authorlzin
and empowering said company to exercise and
enjoy its corporate powers and franchise in the
state Of Of august 1885, the
changed by authority of q ioint resolution Of tho
General Assembly of the StSte of Louisiana approve
Mobile and Chattanooga Railroad Company to tbs
New Orleans. Mobile and Texas Railroad Come
New Orleans, Mobile and Chattanooga Railroad
Company" and by virtue of the provisions of aI8
act Of the General Assembly OF the state OF Louise
ana entitled act to expedite the construction OF
the railroad Of the New Orleans, Mobile and Chatc
tanooga Railroad Company in the State of Louise
ture on the first day of July. in the year 1870 boz
tween it and the Governor of the State of Louise
ana. as trustee, for the purpose OF securing tho
bonds known as secopd mortgage bonds Of the
New Orleans, Mobile and Chattanooga Railroad
aud for the further purpose of securing tho
State Of Of, Louisiana lar :, as gnaIsntor Of saiS
the then Governor Of the state 90 Loulsanao
and his successors in Office, trusteese
the main Zine OF railroad of the said company
structed or to be constructed in that part of tho
State of Louisiana lying west OF the Mississippi
river. The said main limo extending from the
point where it shall intersect the Mississippi riveS
Opposite the city of New Orleans westward to the
point where it shall cross the western boundary 90
the State of Louisiana, in the parish Of Cacasie'as
also all the rghts Of any road beds and
tions OF the said line of railroad and all the otheS
rights. interests and estates Of the said company
e and to the lands occupied by SAID railroado ot
shereafteS 80 be acquired for that purpose ana
aJ de9oSs. station houses engine houses Gag
wood eq,s.eee sheds whapves, machine shops. SeE
fay si"gs, GsjHess offices anG other Offices shop8
and a,; 5iaseo a.i engines and tenders ears anG
sthes Gosii9S stoc5o a.: machinery Sxfuress
Sse9 &slG material ;snd ais reaS ana aersonaS
eseass wighaY She State OF Louisiana ape
purteIans 20 OF necessary for Che ot ration OF saG
man fine OF railroad sl.n owned or theveaftea ace
CURED bY said company and also all the corporate
franchises and privileges of said company granted
by the State Of Louis relative to the cOnsruCe
sion. operation and of said main line of railroad
any part thereof in said State OF Louisiana and
ace approved February H. a369, proqides shat la
case default shall be made BY said company in she
payment OF ahe interest Of said secoLd mortgage
bonds OF sn5 part OF themp and tho same shall
main in arrears for sixty days aftes becoming due
and being demanded of said company. the princio
pal OF ali the bonds secured by said indenture and
then outstanding shall upon the expiration OF said
sixty days become due and payable, Snd in ease o2
such default it shall be lawful for the Governor og
Louisiana and his successors in Office pc rsongllp
OF by attorney or attorneys or agents. o9
agento 80 be selected and empowered fog
successors so Office to se6 and dispose of alE
and singular tho property and franchises befosa
said lndenture at public auction, at such time and
place in the city Of New York IN the city os
New Orleans as the said Governor and his eucceso
eOrs in Office may designate and appoint, having
first given notice Of the Il me and place OF sale by
advertisement. published NOT less than six weekg
immediately prior to the time designated fep SUCH
sale, in or more OF the daily newspapers puhs
lshed is each ct said cities Of Now York and Ne@
orleans anG il each and every issue OF said dailS
newspapers. AND the sad Governor or his sues
cessors in office is on the completion OF such sale
authorized Sby said ipdenture to make cOnveye
t1,ny cn1l
the said indenture further empowers She sale of
said property, real and personal, and the franchise
aforesaid in such portions as the said Governor 2
his successor in Office may deem advisable having
Just reference 30 the rights and interests of s5
parties to be affected thereby and duly observinS
visions of said indenture in reference sheretOs'
And the said indenture further provides, that 70
making such sale, reference shall be had to the
provisions of the third and thirteenth sections oB
the said act OF the General Assembly of the State
provides that the rolling stock and personal props
erty shall appertan to that portion of the maS
line of railroad which shall have been constructed
and operated, and shall be appOrtioned equally
upore each mile thereof, and shall be deemed pro-
ceeds of the completed portion OF the road, an&
that sale may be made OF said railroad subject To
the lien of tie first mortgage and accrued interest,"
thereon mentioned in said act9 which, IS a morts
gage g secure bonds e the szsen5 81 sis,5osSs
! Whereas said Sndenture Of second qnertgageo
! in compliance with, serms Of SAID act se
1853. was duly recorded in the otice Of ghS
| Secretary Of State Of the State of Louisianas
| and whereas said company has issued bonds OF
: 1000 each dated July L. 1870 payable on the frss
of July, in the year 1915, with eight per cent inter-
est per snnumo payable semi annually oD the frs6
day of January and July OF each year. said ntegD
est being represented by coupons of Is 90 EACH ana
aexed to said bonds, and said bonds have been
ner and in accordance with the provisions of SAID
act approved February II, 1863; and whereas, tho
| said company has made default in the payment oS
the interest on said bonds so guaranteed and said
interest has remained in arrears and unpaid by the
| said company more than sixty days after the same
1 became due and was demanded Of said companyS
and whereas, said default has continued up to the
present time. Now, therefore. by virtue of Shg
I power and authority in me vested by said ace os
the General Assembly, approved seventeenth OS
dstsd duly = 1870 and az trustee undes
/ will proceed. through C. 4. Grardeye auction
eer: in the city of New Orleans, whom 4 herebg
! designate as my agent and attorney for that pnre
pose to sell main line of IailrOao its franchise
l and aprurtenances, hpreinbefore mentioned anz3
described, at public auction, to the highest biddefa
! for cash, at twelve O'Clock NJ, at the Sto Charles
| Auction Exchange, iD the Rotunda OF the Ste
Charles Hotel, in the city of New Orleans on WEB
NBSDAY, September 3d. 1874, in tire following sec
tons, and subject 10 the lien Of the first mortgage
| which ia lien securing first mortgage, bonded to-
The extent Of 800 per mile, and the purchasey
it is well understood is to take the prOpertg adudo
4 Gated subject to said membranes, and the bits
| which ne makes will be considered % bid for SIS
} much ovsS and above said incunbranceo and the
entire amount bid is to- be gaia in cash. witlopS
any deduction whatever
The maiH fins of railroad 20 De s01G commences
| az she point Westwego. opposite the eity Of New
Orleans, OF she west bank of the Mississippi giye9e
and extends westward toward an$ so che pon9
4 where jS inaersecas and the westerzs
boundary OF the state Of Louisiana, in the parish
of Calcasieuo by virtue Of the provisions of saiG
act OF the General Assembly Of the State of LOuis$s
/ ana, approved seventeenth February 1869, the
rolling stock and personal property is apportIoned
to THAI portion Of the road completed and in opeya
! siOrs
The saie ssi'f Oe made ia sections az follows
SectioB 3. From ehe point Westwege. opposite
9he city of New Orleans, on the west bans Of thG
and embraces all the man line of road completed
and in operation and in this section is nc,uaed ali
the rolling stock cars, engines and personal prop
| snalgl line Of road.
Section 2. All the eighe, tisHe an2 interest Thai
| the State Of Louisiana may have III and to tbs
| property lying between point distant seventy
miles from the point Westwego an5 she Sabine
| rivero
Tho purchaser oq each secSioN respectively
| acquires all the rights Of way, road, beds
terests and estates OF the company in and
| to tae lands occupied by the company ems
| bTaced within the territorial limits OF the seG'
tions, and also all depots, statiOnhouses, engine
| warehouses, sheds, wharves machine shops
siiings. repair shops business or other oincess
| shops, and buildings situated within the limits OF
| each section respectively and also the corporate
| franchises and privileges granted by the State 81
| Louisiana, in respect to the constfuctive opera
tons. and are of said main line OF Ioad, are &C
| qured bv the spective purchasers 0, each sec.
ton so far IS eheg are applicable 10 the sectsobs
GILLIAN P. KELLOGG,
Governor and TrusgeGa
81 o. z. GIRARDEY,
Qaooqonsee aa9 agent designated to mako safsD
CITY AeSEsSMENTSo