The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1879-09-19
SALE OF THE VICKSBURG, SHREvE.
PORT s. TEXAS RAILROAD.

Special Masters Sale under Foreclos-
ure of Mortgage-In the Circuit
Court of the United States for the
District of Louisiana-No. 5O33-
Henry r. Jackson, ct al, VS.. Vicks-
burg, Shreveport & Texas Railroad
Co., ct al.
Under and by virtue Of the decree of
the said court, duly made and entered
in the above entitled and numbered
cause, will proceed to sell at public
auction to the last and highest bidder,
upon the terms and conditions herein
of December, 1879, at the entrance to
the United States Custom House, on
on Canal street, in the city of New
Orleans, La, between the hours of ~
o'clock m. and 8 o'clock p. M, say at
1 O'Clock p. M, the entire property, in
bulk, of the Vicksburg, Shreveport &
Texas Railroad Company, extending
from point on the Mississippi river
opposite the city of Vicksburg, Miss,
to-wit: the town of Delta, La, to the
line of boundary separating the States
of Louisiana and Texas, by way of
Monroe, La, and Shreveport, La, a
distance and length of 100 miles, more
or less, whether constructed or to be
constructed, with all the rights, privi-
leges and immunities granted or in
anywise belonging or appertaining to
the same, including all the rights of
way, tracks, rails, rolling stock, en-
gines, cars, tenders, tools, depots, sta
ton houses, ware houses, engine houses,
car houses, freight houses and plat
forms, machine shops, repair shops,
business Offices and furniture, as we'll
as all fuel, railroad stores and materials.
on hand, owned and occupied for oper-
ating or doing the business of the said
railroad; and also all the additions.
ameliorations and Improvements, con-
structions and works made by the de-
PENDANTS or any of them while they
occupied the same.
The said railroad is completed and in
operation from the town of Delta, La,
to the town Of Monroe, La, distance
of about y miles; also from the city of
Shreveport, La, to the boundary line
of the States of Louisiana and Texas, a
distance of about 20 miles, which por-
ton is leased to the Southern Pacific
Railroad Company until the 1st day of
January, 1886, and will be sold subject
to said lease. The line of the said rail
road, to be constructed, between Mon
roe, La, and Shreveport, La, has been
surveyed and its location defined.
TERMS AND CONDITIONS OF SALE.
The said property will be sold in Or
der to satisfy the amount due to the
complainants and other bondholders
holding valid bonds secured by the
mortgage proved in tho said cause,
subject, however, to the lien and privi-
lege OF the defendants for the amount
decreed to be due to them for anchor
atoms, improvements and repairs,
amounting to the sum of $294, COG OS,
| with interest thereon at the rate of five
per cent. Is per cent? per annum, from
the 18th day of April, 1875, until paid,
which said amount and interest must
be paid into court on or before the 1st
day of March, 1850; should there be a
failure to makeesueh payment to the
defendants, the said property will be
seized and sold, after 80 days notice,
to pay and satisfy said lien and the
cost of tho resale, according to the
terms of said decree.
Any bidder or bidders during the
progress of the sale and before the adj
judication may be required to deposit
the sum of sixty thousand dollars
($6O ,OOO) in cash to cover all the costs
of the suit and the sale, and the re-
ceiver's charges, if any, upon the said
property; and, in the event of failure
or refusal SO to do, the bid and the adj
judication will be disregarded, and the
sale of said property will be proceeded
with at once, as if the same had not
been made.
Leave has been granted by said
court for majority or greater number
of the bondholders, holding valid bonds
under the mortgage proved in the cause,
to make an agreement to purchase the
said property for the benefit of them
selves and such other bondholders as
shall assent to said agreement within
fifteen 15) days after the sale, the COM
mittee of said bondholders, or their
agent, may bid at the sale on their be-
half.
Signed, +. A. WOOLFLEY,
Special Master.