The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-05-04
FOR SALE.
FOR SALE.
Montreal, Portland and Boston
Railroad of Canada.

TEtHE following property is offered for sale: The
interest Of the Vermont National Bank of St.
Alpans, In and to the Montreal, Portland and Bos-
ton Railroad and its appurtenances located an Can
ada, running from st. Lambert. opposite the CITY
OF Montreal. south-easterly to West Farnham about
LnlrtytWo miles, and from that point southerly to
Vermont State line about twenty-five miles; also
two branches aggregating about thirteen miles,
msklng ABOUT seventy miles In all; also 5SS first
mortgage bonds of said Railroad Company of $1,000
each, out of a total issue of 9O1 bonds of $1,000
EACH also all said Banks interest in 100 other Of
the nrst mortgage bonds Of $1,000 each of said Rail-
road Company, the same having been pledged to
other parties for the of about SSS OOO also 100
second mortgage bonds of said Railroad Company of
$1,000 each and being the entire issue of Second
mortgage bonds; also 1924 shares Of the Capital
Stock issued by said Railroad Company of the par
Sus 81 SnuU eacn tne entire Capital Stock issued
ment in favor Of the Hochelaga Bank of Canada Of
about $4,000 and accrued interest against said
montreal, PORTLAND and Boston Railroad Company
now owned by said Vermont National Bank ana
wholly unsatstied. The 32 miles of said Road from
st. Lambert TO West Farnham form a connection
on ulrect route from Montreal to Boston, and is a
portion OF what is known the 'Air Line' between
Ihose Cities and is at present used by the Canada
The whole Road of abour ~ miles 10 VAL worth
S5oO,OOO; tAe 81 miles is laid with steel rails Ia
In excellent condition, and the depots and other
appurtenences belonging to the Road are nrst-class
The undersigned receiver of said Vermont Nation
al Bank, has up to this time been kept out of Dos
session OF the road by legal proceedings in Canada
which have been altogether based on technicalties
The cases are now pending; as soon q decision on
the merits is arrived at the controlling Interest
now in the receivers hands, and hereby ofFered for
sale. must obtain the road and property.
Full particulars may be obtained by applying to
the receiver OF Vermont National Bank, ST. Al
bans. Vermont. "
The Property, Bonds, Stocks and Judgment afore.
SAD Will be sold together, and for the same sealed
6ds are asked for and will be received by the un-
dersigned at st. Albans Vermont up TO the 9th dav
OF May, 1885, on which day tho same will be OBJ
ened, examined and the sale determined. Bids
should be explicit in terms and amount, and the
reserves the right to reject any and all
bids that may be made.
bldders are required to give q bond or deposit
certified check for 10 per cent of their bid as a
voucher for their responsibility, the same to be re-
turned If the bid is not accepted.
BIDS with bond or check should be sealed and en-
closed in another envelope and directed to the up-
dersigned at st. Adams, Vermont.
Ih1s sale Is made under an order of the limited
States Circuit Court for the district Of Vermont.
GEORGE W. HENDEE
r. receiver Vermont National Bank Of St. Albans.
st. Adams Feb. 26th, 1885.
mari S&Mtmay6& w0t-lO