The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-06-22
PRINCIPAL SIS, 900, 900
1t Required Nearly 100000 Worth OF
Revenue Stamps.
COST JUST $40 TO HAVE IT RECORDED
A Copy Of it Must be Filed in Every County
through Which The Road Runs. The
Property on Which the Mort
gage is Given.

A first mortgage on the Seaboard
Air Line Railway to the Continental
Trust Company, of Baltimore, Nd.
was filed here yesterday for reg.stra-
ton.
The mortgage is for $75,000,000, and
it is given for the purpose of securing
an issue of its bonds to be known
as First Mortgage Fifty Year Four
Per Cent. Gold Bonds to an amount
not to exceed ST., 100000 in principal
at one time outstanding; and, for the
purpose of refunding, redeeming and
retiring the existing bonds of the
several companies whose lines of rail-
road form part of the Seaboard sys-
TEN of railroads which have not yet
matured. land for the purpose OF pro-
viding means for payment of said
bonds and other Indebtedness as the
same mature and become due and pay
able, and for the purpose of providing
for the further enlargement, better
ment, improvement or extensions OF
its railroads and properties and the
acquisition of equipment therefor, and
for other corporate purposes.
This issue of bonds and the eXecu-
ton of this mortgage was authorized
ut n meeting of the board of directors
held in Petersburg, Va. on April IA,
1900 The bonds will bear date April
]. 1900 and shall be payable on April
!. 1850, in gold coin and shall bear
interest at per cent, payable also
in gold. on the first days OF October
and April in each year.
The property mortgaged is as fol-
lows:
1. Al the main line of the Saaboard
road from its terminus in Richmond,
through Petersburg 10 Ridgeway.
with all its rights, tracks. equipments
and every other appurtenance of what
soever sort.
2. All rights and title in the Sea-
board and Roanoke Railroad, from
Portsmouth TO Weldon. with stock
certificates to the amount of S39S. 200:
Sl7 shares of first preferred stock;
305 shares OF second preferred stoch;
and 1000 shares Of common stock.
3. The Roanoke and Tar River Rail
road, from Boykins. Va. TO Lewiston.
y. C.. with $191, 900 of first mogtgag
bonds.
4. The Raleigh and CASTOR Railroad.
extending from Weldon TO Raleigh;
with the entire issue of first corsoli-
dated and collateral trust fifty year
five per cent. bold bonds on the Raj
eigh and Castor Railroad; 14.94S
shares of the capital stock of the
Raleigh and CASTOR Railroad.
5. The Durham and Northern Rail
+ road. from Henderson to Durham
with 2.oOl shares Of IFS capital stock.
and $4,000 of its first mortgage
bonds.
6. The Raleigh and Augusta Ar
Line Railroad. from Raleigh to Ham
let with S.564 shares Of it's capital
stock
Z. The Carolina Central Railroad
Company, from Wilmington TO Ruth
erfordton, with its branches. and H.
435 shares of its capital stock, and
4.640 shares of preferred stock.
s. The Georgia, Carolina and North
ern Railway. from Monroe to Atlanta,
with 10,904 shares OF its common car
ifal stock, and 5000 shares of pre-.
ierred stock.
9. The Seaboard Air Line Belt Rail
road, from Belt Junction to Atlanta
with 500 shares OF the capital stoc&
10. The Palmetto Railway. frorl
Hamlet to Cheraw. with its entire Is
sue of 5000 shares of capital stock.
II. The Chesterfield and kershaw
Railroad. from Cneraw to Camden
with $4,000 shares of capital stock
and 100000 of its first mortgag
bonds.
u. The Southbound Railroad. from
Camden to Savannah.
ID. The Florida Central and Peniu-
sular Railroad. from Savannah II
Jacksonville, with 10000 shares OF
its common stock, and 40.478 share;
of its preferred stock.
H. The Logansville and Lawrence
Vile Railroad. from Lawrenceville to
Logansville, Ga, with 105 shares OF
its capital stock
IL. The Georgia and Alabama Rail
road, from Montgomery to Savannah
with its branches and all its capital
stock and bonds of any issue.
16. The Georgia and Alabama Ter