| From the Raleigh Register |
| |
| March 1, 1863 |
| |
| $50,000 North Carolina Bonds for Sale |
| Office of the Chatham Railroad Co. |
| Raleigh, N. C., March 5, 1863 |
| |
| On or before April 1st, 1863,
the Subscriber will receive proposals for the purchase of THIRTY-FIVE
THOUSAND DOLLARS (35,000) NORTH CAROLINA SIX PER CENT. COUPON BONDS of
the denominations of $500 and $1,000, interest payable semi-annually
on the first days of January and July in each year at the Public
Treasury, and the principal at the end of twenty years from the first
of January, A. D., 1863. These bonds, under an ordinance of the
Convention, amending the Charter of the Chatham Railroad Company, are
issued to the Raleigh & Gaston Railroad Company in exchange for
bonds of the latter Company, deposited with the Public Treasurer,
principal and interest payable at the same time, but with liberty to
the Company to discharge such bonds before maturity. Payments made by
the Raleigh & Gaston Railroad Company, are to be exclusively
applied to the redemption of the State bonds issued to the Company. |
| Proposals will likewise be
received for FIFTEEN THOUSAND DOLLARS ($15,000) of North Carolina six
per cent. bonds, similar to the above, but issued to the City of
Raleigh in exchange for like bonds of the City. Payments made by the
City are to be applied to the redemption of the State bonds issued to
that corporation. |
| Attention is invited to the
following section of an act passed by the General Assembly at its late
session by which the bonds advertised have the double security of the
state of North Carolina, and of corporations of the highest financial
standing: |
| Sec. 5. Be if further
enacted, That all sums of money paid by the Raleigh & Gaston
Railroad Company and the City of Raleigh to the Treasurer of the
State, in satisfaction of the principal and interest of the bonds of
said corporations deposited with the Treasurer, as contemplated in the
said Ordinance of the Convention, shall be applied first to the
payment of the interest of the bonds of the State given said
corporations in exchange for their own, and the residue shall be given
to the Commissioners of the sinking fund, to be used by them at their
discretion for the redemption of said bonds of the State. |
| Copies of said laws, under
which said bonds are issued, may be had on application to the
undersigned. Proposals should be endorsed "Proposals for
Bonds," and addressed to the undersigned, and will be opened in
the presence of the Public Treasurer and of the President of the Bank
of North Carolina. |
| Kemp P. Battle, President {of
the Chatham RR} |
|