The Portland daily press., 1885-03-16
FOR SALE.
Montreal, Portland and Boston
Railroad of Canada.

ENIHE following property is offered for sale The
IL interest of the Vermont National Bank of st.
Albans, in and to the Montreal, Portland and Bos-
ton Railroad and its appurtenances located in Can
ada, running from st. Lambert. opposite the City
of Montreal, south-easterly to West Farnham about
thirtYtwo miles, and from that point southerly to
Vermont State line about twenty-five miles; also
two branches aggregating about thirteen miles,
making about seventy miles in all; also 53S first
mortgage bonds of said Railroad Company of $1,000
each, out of a total issue of 901 bonds of $1,000
each; also all said Banks interest in 160 other of
the first mortgage bonds of $1,000 each of said Rail
road Company, the same having been pledged to
other parties for the Of about 900; 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
value of $100 each, the entire Capital Stock issued
by said Company being 10, ,199 shares also judg-
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, and
wholly unsatisfed. The 80 miles of said Road from
St. Lambert to West Farnham form connection
on direct route from Montreal to Boston, and is
portion of what is known as the "Air Line" between
those Cities, and is at present used by the Canada
Pacific r; +. Company. as its Eastern outlet
The whole Road of about 70 miles is well worth
$800,000 the 80 miles is laid with steel rails, is
in excellent condition, and the depots and other
appurtenances belonging to the Road 1irstcass.
The undersigned receiver of said Vermont Nation
al Bank has up to this time been kept out of pos
session of the road by legal proceedings in Canada
which have been altogether based techncalities.
The cases are now pending; as soon as a decision
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-
said will be sold together, and for the sealed
bids are asked for and will be received by the un
dersgned at st. Albans, Vermont up to the 9th day
of May, 1885, on which day tho same will be op-
ened examined and the sale determined. BIDS
should be explicit in terms and amount, and the
undersigned reserves the right to reject any and all
bids that may be made.
Bidders are required to give bond deposit
certified check for 10 pen cent of their bid as a
voucher for their responsibility the same to be
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 un-
dersgned at st. Albans, Vermont.
This sale is made under an order of the United
States Circuit Court for the district of Vermont.
GEORGE w. HENDEE,
Receiver Vermont National Bank of St. Albans.
St. Adams, Feb 26th, 1885.
MARI S&Mtmay6&w9t-1o