The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-01-09
by DasenportsA CO.,
stock Brokers aud Aictioneers.
oflce 1ie4 Main streei--F First National Bank
. 5I,uiIdIng. (
Observation-Disclosures
4 -. nr3TnE
CHESAPEAKE AND OHIO RAILROAD.

4 ~.
CHESAPEAKE AND OHIO RAILROAD.
Pursuant 10 a decree OF The Circuit Court Of the
city OF Richmond. va. entered on the 18th day OF
March, 1877, and DEGREES, subsequently entered by
sns eo 49, n The eae ch h and Ohio Raroad
Company aud others, ana 10 decree OF the Circnit
West Virginia entered on The 18th day Of Deem
bsr In the suit Of Duncan end Calhoun i trn
theren epnr uHde
sirned. as special commissioner appointed by snid
VIII sell At public asc,IS TO to the highest
No. ha Main sTee n The Sly e s aPR
CHESAPEAKE AND. OHIO RAILROAD COM
PANY, extending and now In operation, from
State of Virginia, 10 point on the Ohio river IN
the State Of West Virginia together VIII a gu lis
BRxSGaEs, BRi DGEs and ali other rights and
= he Exc Hf9SgaRny PsSnE
| ING STOCK, MATERIALS. pnd other PROPER
TY, real and personal, more particular description
made by the Receiver under the oruer Of the Court,
which will be open for inspection by pers ons pro
posing to bid, at The Office of the Receiver, In the
city Of Richmond, Va, for reasonable, time
before the sae.ihat Is to say. all and gin
the HsaI 81 P5s works IN he Of %I
ginia executed by the Virginia Central Railroad
Company, bearing date on the 1st day of April,
chises embraced in said mortgage: ali and singular
the premises, rights privileges aud franchises in
w. Fry, William Fl. Macfar'and, and James Lyons,
executed by SAID Virginia Central Railroad Com;
and Singular The premises, rishis, privileges, and
franchises included and conveyed In and by the
SH Vn na csan r
Company, bearing date on the 9Th day Of February,
1866; all and singular the premises, rights and
pricileges, and franChis eS incude and conveyed In
and by The trus-deeI to Philo G.. Calhoun, William
Butler Duncan, William Orion, and Mathew F.
Marry by the Chesapeake and OHIO Railroad Com.
franchises included aud conveyed in and by the
irn-i-deed executed by said Chesapeake and Ohio
Railroad Company to Phllo c. Calhoun and Will
liam Butler Duncan, hearing date on tue 18th day
ises rights, privileges, and franchi included and
conveyed in and BY the trust decd executed by SAID
Phiio Z. Calhoun and William X. Kitchen, bearing
date on The LIST day OF October, 1872.
| All which viii be sold rs an entirely free and dis.
charged Of ami from The liens and membranes OF
the SAID several mortgages and deeds OF trust, and OF
and from each aud every one of said deeds of trust
or mortgages, and free and discharged Of and from
all and singular the liens of every kind and dcscrip-
ton in said DEGREES found and recled except the
liens for taxes thereiR referred to- If any such liens
shall be established and the lien for The certificates
of indebtedness of the receiver for the pigment Of
the arrcar5 of taxes due to the State of Virginia.
the time of sale
THE TERMS OF SALE WILL BE AS FOLLOWS:
The purchaser shall pay on the day Of sale. or
within such short lime thereafter not exceeding
ninety days as the undersigned may designate on the
day OF sale. The sum of TWO hundred thousand dol
lars 5000, 00e) In cash; but any sums which the
Receiver shall In the meantime have applied out of
any earnings of the road after the day Of sale TO the
interest due and accrued on the obligations of the
other purposes US the same may have been properly
applied under the orders Of the Court, and any sums
which at the expiration OF The said ninety days he
may have in hand after paying The expenses OF OPP
GRAZING the ruad shall he deducted from the amount
so required to be paid i'll cash.
| For so much of The purchase-mOney shall BE-
equal to the balance Of the interest due and accrued
on the Obligations of the Virginia Central Railroad
Company Mt thu; dae Of the trust,deed hereinafter
thereof. and rs may be then unpaid and unprovided
for (ihe amount whereof will be estimated as nearly
rs possible and made known al day of sale), credit
IS to tc allowed OF three years from day of sale In
equal annual ins,almenis, with interest thereon at
the rate Of six per cenium per annum payable
semi-annually.
For the further sum of four hundred and eighty
seven thousand 1--we hundred and sey nty-eisht DOL.
lars and ninety cents (s4S7.57S.90) representing
the principal sum due der the rlist-deed to Young
and Howlsou, AMI also the principal of the several
sums found and stated to be due in the eighth par;s-
graph Of laid decrecs), and also for any additional
sum which may be due on account OF any OF the
amounts whereof will be asccr.ained as near
lly, as possible and made known on a. DAY OF
Upon ppe 't Of s4so5oo the part thereof Which
Of the Virginia Central Railroad Company; and
with interest upon the residue of SAID principal
sums al the rate Of six per cenlum per annum, pay
able scmi-annuully.
ESr sum Of one m!en htS It's hS
pal outstanding under the irust-dced Or mortgage
to Fry and Macfarland and Lyons, and nn ,. the
Il credit Is to be allowed from the date of sale until
the lst day of July, 1857 with Interest ut the rate
SIX per Grntu per d ts e br6
credit above stated Is to be allowed and The inter-
est thereon. and OF the bonds which may he issued
deed executed to the satisfaction Of the Court,
all and singular the, premises sold, constituting
trustee or trustees to be appointed by the Court ST.
simultaneously With The delivery Of the conveyance
of the premises 10 The purchaser.
The said trust deed shall by its terms. maintain aud
preserve all exiting priori,lcs Of lien as between
The different classes of bouds of the said Virginia
Central Railroad Company. Appropriate AMI rom
renienr obligations representing The several sums III
respect to which credit 10 be Given as aforesaid
creditors entitled TO receive the same; and In case
of any d>agreements as to the form AMI tenor there
courts, on application. To enable the purchaser or
purchasers, or his or their representatives
Ii he or They shall desire to TO anticipate the
payment the said several in respect of which
credit Is to DC allowed as aforesaid, and TO provide
the r I'm OF sums PAD ~ reSpesd o. o te
pany, he several specific liens aud The expenses OF
the cau.e he or they may cr ate and Issue, from
time time, under the said deed OF trust and 10 be
secured by the lien thereof when and to the extent
that the shall be endorsed with the certificate
Of the trll- IN said deed 10 that effect bonds to
such amount. not exceeding IN the aggregate the
aggregate amount OF The existing in,:ebtt dncSS OF
the Vreinia Central Railroad Company, and the
amount OF such specific liens and expenses, WI ill.,
terest accrued and to thereon and the amount
which has been ascertancd 10 be due to and decree
IN favor of the State Of Virginia for arrears OF taxes
and Of snch denominations and tenor as said pur-
chaser his representatives assigns may dcler-
mine.
The said bonds are TO be endorsed by the trustee
when requested, to the effect thai they secured
by the lien thereof 10 the extent and amour, that
any part OF the said existing Indebtedness OF the
Virginia Central Railroad Company, or Of The said
specla liens and expenses or arrears OF taxes shall
by him Of the par value thereof with accrued inter-
esq, upon the surrender 10 him OF an equivalent
amount In the required 10 be given by the
purchaser the several creditors Of the Virginia
Central Railroad Com pany for that part of the pur-
chase-money for which credit Is 10 lie allowed.
| The net revenues and earnings of lie property
accrring between the date OF safe and the convey
ance Of possession 10 the purchaser purchasers,
hi, Ihrir representatives or assigns, that may
not be otherwise dispose! of in pursuance OF
applied under direction Of the Court by the
Receiver for the benefit of the purchaser or pur-
chaScrs, his o. their representatives or assigns and
in the first place towards The payment aud discharge
OF that part OF the pure. Il t-mouey applicable TO
the payment and satisfaction OF the pist-due in-
Company, or towards the payment Of any install
ments OF interest that may become ue ana payable
between the date OF sale and the transfer and con-
vcyante of the property to the purchaser, i'll such
order as the Court may direct.
| For so much Of the purcnase-money may be
lorn nm pf nSt-fliiH