| From the Raleigh State Journal |
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| March 11, 1863 |
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| $50,000 North Carolina Bonds for sale |
| Office of the Chatham Railroad Co. |
| Raleigh, N. C., March 5th, 1863 |
| |
| On or before April 1st, 1863, the
subscriber will receive proposals for the purchase of THIRTY-FIVE
THOUSAND (35,000) NORTH CAROLINA SIX PER CENT. COUPON BONDS of the
denominations of $500 and $1000, interest payable semi-annually on the
first days of January and July in each year, at the Public Treasury,
and the principle 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 latge 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 Rail Road 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 paid 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 the 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 |
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