The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-14
THE NORTHERN PACIFIC RAILROAD
TO BE SOLD

The following decree or sale has been issued by
Judge Shipman in the United states Circuit Court
ror The Southern district OF New York Tor the sale
On the grst MONDAY in August. IN 'front.' or the Gus
tom House, IN this city, or all the lands and land
grants. franchises. privileges, railroad stock ana
equipment OF every description OF the Northern
Pacific Railroad Company
Jay Cooke Charlemagnc rover. j. Fraley Smith
Theodore Hosmer. William 4. Lane aud William A.
ffIiswOld, complalnanfs, VS. The Northern Pacific
Railroad Company, Ceiendants.-The cause coming
On 20 be heard on the I'm day Of &ay, 1915, on
tRe bill OF complaint and amendments and the
answer Of the Nortnern Pacific Railroad Company
ana Charles y. Drake, John X. wheat and Ellen
inc Court being fully advised In the
premises, dom hnd THAT tie Northern
lacinc Railroad Company was incorporated
Or Congress, and that the states Of Minnesota ana
Wisconsin granted certain rights ana privileges
to said corporation. having all It's property In
said states ana otner states and Territories, held
under mortgage hereinafter me ruoneu. The
Court 1nds that about me LIST day q July, 1870,
the said company executed ana delivered 10 Jay
Cooke anu John Edgar Thomson, trustees.
the nrst mortgage and trust deed o. ne SAID com
pany. 10 secure the issue 81 large amount OF the
bonds OF SAID company issued for tie purpose OF
raising FUNDS 70 construct aud equip the railway
OF said company; that said bonds were made paw
able IN gold At the end OF thirty years. with in
terest coupons, payable also In gotd, seIni-an-
nually a. the rate OF seven and threc-tcnths per
cent per annum, free rom United states Lax.
That subsequently the sald Edgar Thomson dled
aud one william b. Ogcen was duly appointed to
I'LL hlS pace buaA OHAtH TtslknNN, anu LnAt
tnarlemagne Iower, one Of the com
pIatnauts, was appointed company trustee.
with SAID Cooke, clothed wieh al The powers
granted By said mortgage Or deed or trust; that
the said mortgage Or deed 81 trust consti-
tuted 1rst and perma ent lien over and above
all liens on all the rant, title, Interest, claim.
estate or demand whatever, which the said the
Northern Paclnc Railroad Company Las, or may at
any time acquire. IN III any way become entitled
%, IA and TO ali the lands and sections OF iand
situate on either side Or tic railroad u said
panJ ana the branches thereof In the states or
Wisconsin, Minnesota and oregon aud Terri cries
or Dakota, Montana, ldaHO and Washington, 10
the aggregate ABOUT sixty millions or land, and 10
All otner properly ~ sai1 company I'll engines,
cars and rolling stock 81 tue ssid company, with
al the rights, liberties, franchises, lncuIlng me
franchise 10 be corpora ,ion and properly Of
syery description, 70 the SAID Northern Pacific
RaurOad company bei0nginQ that tAe coupons OF
interest warrants on all OF the bunG- VI the cOu-
pany have been in default anu passed due since aud
including that which el Cue on the ~ ~ January,
1874, and Eaid default continues anu that the
principal OF all the sald bonds secured W SAID
mortgage mas become due ana payable; and mat
tue said COMPANY, on or about Tue Zith day ~
April, 1875. executed aud delivered to the SAID
Jay Cooke and Chariemaene Tower q lurther
assurance conveying ~ the SAID DAY cooke anu
Charemagnc rover the lanos railway, equipments
and appurtenaaces mentioned IN said aeeu OF
trust OF mortgage, anu all property acquired
since the execution 81 said deed ~ trust or mort
gage. Aud the Court dOth order, adJudge ana de
cree that the property OF the sala Northern Pscinc
Railroad company a. before described except the
lands snd lana grants nereiu specially provided
tor Be SOLD In one entire parcel as and
Kenneth q. White Master Commissioners, AZ
public suction, "a 'front.' Of the custom House, ~
the clty ~ New YORK, gu the first Monday Of Au-
gust, 1875 that slxty daysi notice OF sucn sac
snail be given, with lulI description 81 the prop
erty ana that SAID masters may adjourn said sale
rom time " TINE ~ their dscretou, and upon
the ConfirmatlOH Of suCn sale by the Court and
receiving me purchase mOuey therefor the said
masters shall convey the same. by poOd ana auu-
cient c0nveyanCes, TO c,purchaser or purcnasers
IN fee simple Tor ever, ana small tie u perpetual
bar, both ~ law ana equity, against the saId
Northern racine hairoad Company And u ~
fuTther decreed that, until deeds ana convey.
aDces are given TO the purchaser or purchasers by
the Northern Pacific Railroad Company with lts
corporate seal tucreuntO anne xed dud the same