The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-01

cial master commissioner. in compliance
with the terms OF said decree did offer for |
sale at public auction all the property and
franchises Of said railway COMPANY. includ- !
Ing the railways herenabove described and |
set forth. and thereupon Frederic Il. Olcott 4
became the highest bidder for certain prop-
critics OF the said railway company. include
ing tho property aud premises hereinabove
described. and which said property was
thereupoli adiudicated by said special mas
ter commissioner to said Olcott. and said
sale and bid were duly confirmed by said
court. and a deed therefor executed and
delivered to said Olcott
Three b. That said Olcott after so pur-
chasing said railways and other property.
did With his associates cause the said
Houston and Texas Central Railroad COM
pany to be organized as al corporation. for
the purpose OF acquiring. owning. man-
tanning and operating the herinabove de-
scribed RAILWAYS. and did thereafter convey
said railways and the rights and franchises
thereto pertaining to said railroad company,
which thus became the owner thereof. and
that said railroad comDany in conIidera-
ton of such conveyance OF said railways
undertook and became bound to issue and
dellver the first MORTGAGE. consolidated
MORTGAGE and generc mortgage bonds of
said defendant ralroad company herelnafterN
set forth and described. That cory OF
the deed from said Olcott to said company
Is hereto annexed and made part hereof
marked q"
I Three G. That said railroad company III
34the exercise of the powers In that behalf
possessed BY Vt under the laws Of the State
oil Texas. and In order to provide FOR pay
Ing and dischargihE portion Of its indebt-
edness and obligations for the purchase
price OF raid railways and franchises as
aforesaid and In accordance with resoin-
lions duly ADOPTED by its board OF directors
aid Its stockholders Mt Its meetings duly
and regularly called and held did on or
about April /. 1890. issue It's general mort
gage bonds for the aggregate amount of
81 ZOE. 900 in gold coin OF the United States,
sucn bonds being for $1,000 each. payable
Apmi !. 1921. and bearing interest from the
first day OF April 1890, pavable gemi-an-
nually. ut the rate of per centum per an
mum. In like gold coin. on tha first days
OF ADril and October In each and every year
and of which amount there is now out
standing 81 .2g7 900. and for the purposo
OF securing said bonds. said railroad COM
oahy did mako. execute and deliver to your
cartor as trustee its deed Of trust. known
rs IT'S general mortgage. conveying TO your
orator in trust for the security Of The hold
, ers of said bonds all of the lines OF railroad
! property. appurtenances. rights and fran
chises hereinbefore referred TO and now
J more particularly described rs follows. to
wit:
All the railroad franchises stations.
SHOPS. terminal facilities rolling stock and
equipment OF what ware formerly known
5 ss the main line and western division of
e the Houston and Texas Central ra c-.sx1
: the CITY of Ho,rston in JIarria co,,,,t,,
through the counties Of tiar,5s VIII,
q Grimes Brazos. Robertson + Fails I.ime,
t stone, Freestone. Navarro. Ellis. Dallas
y collin and Grayson. TO the Red river on the
!, the city of Hempstead. In Waller county
. through the counties of Waller. Washing
/ ton. Lee. Fayette, Bastrop and Travis tc
a the city OF Austin, In Travis COUNTY
=. That CODY CT said deed of trust to vour
: orator Is annexed to and made a mart n,
I this bill. marked "Exih.bt A." That enid
a mortgage was duly filed and recorded as
required by the laws of the State Of Texas
Fourth The said conyevancn a,5 ~
. len to your orator Hereunder. was aud /,
II 1moleS.; however 10 inc liens OF the follow
y ing obiigatlons of said railroad company
. VIZ:
: ~ portion OF tho line of railway OF th,
h I W. , Miiroau company from Houston to
teu river ~ subject to len in favor o
a, , wv o.a.e ot lenas' TO secure an obligation
IA nmo"n, "s' Nne ieAas school tund loan. thu
=, sai1 ~, VI when is IN DISPUTE between
~ which 10 , Sun.nahV ana we state, tu
m fully aescrihad -. ~, lis is herslnalter mor
N fb) A certain 49, e'nu.s,i. ana otherwise
al said railroad co, ,,,",,Iase iiaaa by
"a Central r,,s, eWilpahy To thu
ia yorl, t,,,stan ouinpahy OF New
pf 1890. securing as oci onn " r". ~, hprii |
said railroad comn,nv 'ne pu~is o
NJ .norty,ee 5.,orena,,, nnown as its lirs
"a 1 le37 he,r;,v t,' pon's maturing Jul
per cent nar aS,, ,n,e'ust ny tne rate OF
IN there Ia now n,,,n,a', t.s'u -, Whlcn amour
in (cl 4 cer,nSa n,,ans, ien,ifo'VVo'
~ GI eieapH consolidated mortgaa
Torrners, 90 a t"a't 1,.'' company to In
"a bcnrlns, aat" NV, '"s ,ooo oinpdny trustee
i'd addit,n, ~ np,n iooo, securing q
H. held ,ns,e al 'e es a ponas wnlca are 10 b
he yeneul mor, ,,osa ha,,, se'ur5y lor IN
nj som,nnv aha sse psmus Oh saia raiiroa
ut bonds NJ sa,S r,tis u,eiieu w S'sisn0o {
ed Ina consnIia,,,as s'f9au company known 4
lst bonds Lme c,cro,'u, A'iiu sr'ahl o-per-eeu
IN amomnt thono " !, wi, ana OF whie
he 600 '''''' 10 nv" outstanding Sa,455
by yopr or,u,or nr,,,
ms This ,,rsa V ~ pa. et ieuSe upon the trial
as n,ortssagns ,hova e 49,, 20 the several prie
the legisbaes,ro -, ~ s, anu 70 the acts ,
ng ine sehan, r,,na ' Nv nN'Ve OF ieSas touch
to nanles n, nv , Nv, ,oans 10 Mliroad con
ri berain tr,n.'',,,na ~. as ~ hhe same WEI
Yonr nra.an ~ .ehsth,
'or rwertv's. ,,nS o, lurtner says That I'll
lily rex,a ns eeoa" ieslssature OF The State
no cst,hI,.h 9Su an "s' entitled An act
The s,,,a ~ r., @,,osu Vouin'lsson for II
~ ,.nrnc,s t.., ~ 1nu sara aet is now IL
or, sat- =, ~ ~ 'ne neNlseh statutes OF u