The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-10-13
SALE OF FHAfLROAD IN SOUTH CARROLL.
sszzzsz..=ES@t y, NA9ANn EH0pnri

sz5'zs - -. ~ * AAND, GEORGIA, -
WHEREAS, By AN 1NDENTURE MADE ON THE
hundred and fftyeight, between the Charleston and
Savannah Railroad Company, body corporate under
the laws ct South Carolina and Of the first part
and certain Trustees therein named Of the second part
for the purpose securing two thousand bons In the
sum Of five hundre9 dollars each. payable on the rst
day Of January etShteen hundred and seventy EIGHT
which we're about to be and have since been issued by
sad Company the said party Of the first part conveyed
to the party Of the second part M the following present
the first part that is TO say the Railroad to be con.
struoed by the Charleston and Savannah Railroad Com
psny including all rights Of way and lands occupied
eether with the several supersruotures and tracks
thereon and all rails and other materials uaed on the
sae procured for the use and construction Of the
ouverts fences depot grounds aud buildings thereon,
station houses Of all kinds and grounds, engnes ten.
ders, cary TOOLS materials and machinery and all other
70 a qy
and Savannah Railroad Company, and all franchises
rights and privileges Of the said party Of the FIRST part
Of In TO- or concerning the same Tho sud party Of
liver any further reasonable and necessary conveyance
of the premises any part thereof to the said party Of
fully carrying into efl the objects hereof particularly
for the conveyance OF any property subsequently to the
date the ndenqEe acquired by tho said party Of the
rst part. and conrehended in the description con.
tanned In the indenture The said conveyance to the
Trustees aforesaid being among others, upon the
trusts following hat is to say In case the said party OF
the first part shall ail to pay the principal or any part
thereof any Of the interest any Of the said bondH
at any time when the same may become due and pay
able according to the tenor thereof when demanded.
than after sixty days after such default the said party
of the SECOND part their successors and assigns at their
disoretion may, the written request Of the hold
ers of all least one half of the bonds then unpaid shall
cause the said premises, or such parts OF the or 80
much thereof as shall be necessary to pay and discharge
the principal aud interest Of all such bonds as may be
then unpaid to be sold at public auction regard being
had to the Interest Of the party Of the first part and the
location situation Of the morgaged premises so to be
sod giving least sixty days notice OF the time pace
and terms Of sae Of the specific property to be sod
by publishing the same In two newspapers OF good or.
culaton In the Safes Of South Carolina and Georgia. and
execute to the purchaser purchasers thereof good
and sufficient dead deeds OF conveyance n Zee simple
for the same which shall be bar against the party OF
tho first part their ssar aha o a aI o a
interest or claim in to the said premises SO sold or
any pait thereof" being expressed IN said nden-
r Or or s py the sa
the rst part to prevent entry sale as aforesaid"
And whereas large arrear OF interest," to w.t. about
two hundred thousand DOLLARS Is que anu
conveyance and default Of payment OF SAID interest," mas
continued more than sixty days from demand maze,
and whereas the holders Of more than one m as OF me
the said indenture all OF which are now unpaid, nave
apniRed in writing their request that tn Trustees un
GR1d indGQture 90 cause pAeA1noo o0 90
aforesaid or 30 much thereof as may be necessary to
be sold at public auction to pay and discharge the un.
nad bonds pursuant to the terms of the PROVISIONS OF
said ndenturo. .5ue. ~,
The undersigned, by virtue and in pursuance OF the
and authority of the nenure above referred to-
ch has been registered in the propes offices OF Record
in the states of South Carolina and Georgia. hereby
ova notice that they will the third Tuesday, to wit
en- the twentieth day of November now next ensuing,
the Oity of Charleston in the State of South Carolina
the north of the Exchhnge, at the hour OF twelve
o'clock Meridian sell at Public Auction, to the highest
bidder FOR CASH, all and singular, the premises con-
yeyed by the Indenure referred TO- to the
Trustees therein named
The sale to take place on the said twentieth
of November next to be SUBJECT nevertheless to prior
en on the premises sold created by an Act Of Assembly
Of the State of South Carolina entitled An Act to aid In
he construction of the Charleston and Savannah Rail-
road passed in the year of our Lord one thousand
eiaht hundred and ftyslx the said lien being intend.
ed to secure certain bonds Of the said Company en-.
dorsed by the Comptroller in behalf of the State
of South Carolina amounting In all to the Of FIVE
hundred and five thousand dollars bearing interest
OF six per centum per annum payable semi.annually,
and having of interest due and unpaid off bout
of said bonds being payable the first day OF March,
in the year Of Lord eighteen hundred and seventy
seven
The sale vii be conducted by Messrs WARDLAW
& OAREW, Brokers, No. IA Brt ad street. Charleston,
g. O., aud to these gentlemen parties desiring pur
chase referred for full and detailed information
in regard to the premises. sss.
ISAAC W. HAYNE, -)-
SSESRH 5GSA E RHs5SS5Sd, !; G5SS%5 Trustees.