The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-02-12
BONDS.
THE MORTGAGE 10 BASE THEM ON.
The Instrument Filed by the Georgia
Southern and Florida In Putnam
and Other Counties.

1he mortgage filed at the Court House
day before yesterday by the Georgia
Southern and Florida Railroad Company
recites that whereas, by an act of the
Legislature of Georgia approved Septem-
Der 81, 1887. the Georgia Southern and
Florida Railroad Company was author
lied and empowered 10 consolidate with
that road any railroad company in the
State of Florida. and the Macon and
Florida Air Line Railroad Company hav-
ing similar powers from the Legislature
of Florida, had by an unanimous vote
of the stockholders at meet
ing held December 81, 1897, re-
solved to consolidate with the said
Georgia Southern and Florida and the
stockholder, of the latter company had
accepted the proposal at a meeting held
January 3, 1888, the indenture made
January 3, 1888, between the said Geor-
gia Southern and Florida Railroad Conn
pany, party of the first part, and Isador
Straus and Henry Rice. trustees, of the
city and State of New York, parties of
etic oSNoAta kfoAts "Atiktoctth ttiaS
whereas the said railroad company, the
party of the first part, owns and operates
or is about to own and operate railroad
for the transportation of passengers and
freight, commencing at the said city of
| Macon and extending to the city
of Palatka, a distance of 290
| miles. more or less, and whereas at a
meeting of the Board of Directors of the
said Georgia Southern ard-Florida Rail
road company held at the city of Macon,
| State of Georgia, ON the 3rd of January,
| 1888, certain resolutions were adopted
| for the consideration of the stockholders
which said resolutions were thereafter
| submitted to the stockholders of the
Georgia Southern and Florida Railroad
| Company at a meeting held in accord
ance with law in the said city of Macon
on the 3rd of January, 1888, and said
resolutions were unanimously adopted
by said stockholders in form as follows:
"ResOlred, BY the stockholders of the
Georgia Southern and Florida Railroad
Company in convention assembled for
that purpose all of the capital stock of
the aforesaid company voting for this
resolution that
"Whereas, The President and Direc-
tors of this corporation have had pre-
pared in the name OF this corporation a
series of coupon bonds of the denomina-
ton of 81 900 each which bonds bear
date the 1st of July, 1887, and are to fall
due on the 1st day of July, 1927. and are
to bear interest at the rate OF per cent.
per annum, payable semi-annuaIly,
principal and interest, payable in gold
coin of the present weight and fineness,
said bonds being payable to Isador Straus
and Henry Rice as Trustees or bearer.
THAT this action of the President and
Directors of this corporation in having
the said bonds prepared in the manner
and form as hereintofore set forth be
and the same is hereby ratified and con-
firmed, and the said President and
Board of Directors of this company are
hereby required to have said bonds
signed by the President and Treasurer
of this corr Grafton and issue the said
bonds in Sseries not exceeding $l2, 600
per mile of actually constructed road
and branches thoreof from Macon to Pa
latka.
.And in order to secure the faithful
| payment of said bonds and coupons to
the holders thereof, the said officers are
1
strncted to cause to be executed and de-
livered in the name of this company, a
mortgage or deed of trust, which shall
convey all the property of the corpora
ton. consisting of roadbed and appur-
tenances and each and every one of its
rights, privileges and purchases, embrac-
ing its subsequently acquired as well as
its present property, real, personal and
mixed, in possession and in expectancy
to two or more responsible parties, or a
responsible company who shall have and
hold all of the said property in trust for
the purposes aforesaid, and the said Off
GERS are hereby invested"
1t is not necessary to follow this legal
document, which of course is one OF
great length, any farther. 1t includes
the form of the bonds and coupons, con.
ditions of the mortgage, etc., and the
, certificates of the officers of various
! counties certifying that it had been filed
in accordance with law.