The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-03-07
FOR SALE.
EOA SALE
Montreal, Portland and Boston
Railroad of Canada.

yNIHE following property is offered for sale: The
u interest of the Vermont National Bank of St.
Adams, 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
thirty-two miles, and from that point southerly to
Vermont State line about twenty-five miles; also
two branches aggregatlng about thirteen miles,
making about seventy miles in all; also 53S first
mortgage bonds of said Railroad Company of $1,000
each out of total issue of 90l 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 $SS 0OO 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 500 EACH the entire Capital Stock issued
by said Company being 10, 1873 shares; also judg-
ment in favor of the Hochelaga Bank of Canada Of
about $1,000 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 a connection
a 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 X. K. Company, as its Eastern outlet.
The whole Road of about 70 miles is well worth
$500, 900; the 80 miles is laid with steel rails, is
in excellent condition. and the depots and other
appurtenances belonging to the Road trst-class.
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 on technicat1es.
The cases now pending; as soon as decision on
the merits is arrived at, the controlling interest
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 I'M
dersgned at St. Adams, Vermont, up to the 9th day
of May, 1885, on which day ths same will be OPP
ened, examined and the sale determined. Bios
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 a bond or deposit
certified check for 10 per 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
deTsgned at st. Adams, 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. Adams.
st. Adams, Feb. 26th, 1885.