We have observed bottom-charm mesons via the decay mode B^+/-_c -> J/psi l^+/- nu in 1.8 TeV ppbar collisions using the CDF detector at the Fermilab Tevatron. A fit of background and signal contributions to the J/psi l mass distribution yielded 20.4^+6.2_-5.5 events from B_c mesons. A fit to the same distribution with background alone was rejected at the level of 4.8 standard deviations. We measured the B^+_c mass to be 6.40 +/- 0.39(stat.)+/-0.13(syst.) GeV/c^2 and the B^+_c lifetime to be 0.46^+0.18_-0.16(stat.) +/-0.03(syst.)ps. Our measured yield (production cross section times branching ratio) for B^+_c -> J/psi l^+ nu relative to that for B^+ -> J/psi K^+ is 0.132^+0.041_-0.037(stat.) +/- 0.031(syst.)^+0.032_-0.020(lifetime).