National Republican. (Washington City (D.C.)) 1872-1888, 1878-03-09

70 the highest bidder At the ms q the Cham9er q
AEI!ii. I 81 5Ss enilts RsfLh5%p %E iIiE 5AIii
i6e James River below I,ie6mond 10 t6e site q
Mss YFp. ipfssT Th Il a \.
bridges, and all other rights aud privileges what
HGYfI K &c snd G F6iS sTSts
MATERIALS, and other PROPERTY, real and Per.
Contained II The Inventory and reports made BY
the receiver under the order OF the court which
Posing % i liz o SRSS y the fccescr, f p he
n ara Q, IN, sc6mon Va for Tea S tine me
pItEMisls embraced in the nicrtgage 10 Tie Hoard
9S MGrfs s Sl Sf SS@p sSSas y
he list day q Apr. $50 including the rights priv.
and Singular lie T premse, lights a PrlTi Ess
snd t ,, nelnded and ,Sonyeycd IN and
lind and ja%e1 lyons !" esateS b. sad Virginia
Central Railroad Company, bearirE date OIL the 81
riiht,, privileges. aud franchises included and con:
RSsr " apa BY the mnsdesd to J2hI H2ung and
Rairo1d Company bearlrr date on The oti ds Of Feb
and fans s ncaa and conveyed rse rp IN
an ,i, oy me tr,lstaeed to Philo G. CALHOUN William
bearing date on the ist day OF Octo6er iss all and
ncSc snd Il PrSybsf GSs ana s
o%pnsy G a and W 2hU 1rGnd
Duncan bearing date the 18th day Of January is1
SeSss s6 ace snd lad ~ lie
H %irdd executed By said ShesapeaEs and Ohio
William X: Kitchen bearing date on the list dav OF
All which will be sold rs nm entirety, free and dis
charged Of and from the liens and membranes
the sad several mortgages and deeds OF trust, and OF
mortgages, and free and discharged OF and from ali
hns s. ihruar ,h n6; Of every Find and
taxes therein referred to e any such liens shall be
ness 81 the RECEIVER for the payment Of the arrears Of
taxes due TO th" satepf Virginia u any OF the said
THE TERMS OF SALE WILL BE As FoLLowsi
The purchaser shall pay on the day OF sale with
T. such short time thereafter not exceeding ninety
sale the sum Of two hundred thousand dollars ts5l.
~ IN Sasn but Pnny sums which ne Receiver shat
the roaa aer the day 81 sale to the Interest due and
S nns e. 70 such @ paipose e. ha
came may have been properly applied under the
pration Of the said ninety days lie may have IN hand
after paying the expenses Of operating the road, shall
In cash, "
For so much of the purchase.money rs shall be
on the obligations % the Virginia Central Railroad
@nems as f r Se 81 10 ' he aIs @ lie
her t, and as may be hsn unpeM and unprovliel
rs possible and made known Mt day Of snle credit
Is to br allowed Of three years from day Of sale In
equal annual instnllniens. with interest thereon ut
annually.
FOR the further sum OF four hundred and eighty.
seven thousand, i've hundred and seventy weight 6l
lars and ninety coats tAs7,jsSl, lrcpfesentug tho
found and stated to be due in lie eighth rarSgrnph 81
may be due account orany 0CIne claims ia the sail
eighth paragraph mentioned, Uhe amounts whereof
known on day Of safe Win Interest a, he r" a,i oi
ssSi s s sS m Sr Sa a WHEN
sent ne principal o. he eight pr cent bonds OF the
upon The r,Sid" OF said prnpip sums at The rate
OF SIX FER cenium per annum, layabe semtannually.
sand do lars (Sigis,c0O) representing lie princpai
outstanding under the tfustdeod or mortgage to Fry
10 the as y nba WSE s Of WIZ" Wsn ie m crr
TO be allowed from the date Of sale until the list day
I'm PEI nmmnni payable seml,Gnnu9Iy. !aymnnt Of
Is TO 10 allowed aud the interest thereon ana OF The
bonds which may be- !ssued ~ hereinafter mentioned.
faction of the Court all and singular the premises
sold, constituting trst lien thereon. to be executed
by the Court simultaneously with tho dCiivery OF lie
conveyance Of the premises to the purchaser.
fhe sad trust deed snail by its terms. maintain and
different classes OF bonds Of the said Virginia Central
oGons ,sPtn.S suns n G
Which credit Is 70 6s given as aforesaid shall be Gro
Titled TO receive the same; and IN OF any dis
sSn Ia 70 shs ami 2Tm AMI enor ssrSS the
application. TO enable the purchaser OF purchasers
shall desire do So to anticipate Tie payment Of tSs
salh several sums ~ respect OF which credit Is TO be
bursemcn Of sums paid in respect ofIhe Indebtedness
of the Virginia Central Railroad Company the soy.
Sy Hay crGS and Se ROM lime tic To fs s u M OF
the said deed of trust and To be secured by the lien
be ipioSrd with the certificate Of the trustee in sa
deed to that cecl bonds 10 such M amount, not eS.
eNs ing Indebtedness Of the Virginia Central Rail.
ROAD Company aud the amount Oi such specific liens
y, la
thereon and the amount which has been n~CerI aimed
TO b" due TO aud dccre"d In favor OF the stale uf Viz.
gnn tor arrears oftnNes, aud Of such denominations
anu Tenor s said purchaser or hs representatives. OF
rnc said nohds are to be endorsed by the trustee
when requested To the effect that they are ,eIlIred by
the lien Iherc9I TO tho extent and amount that any
part Of the said existing ndoJtcdnt- OF the Virgin,
Central Railroad Company, or OF the said specific
previously paid oil. upon tho receipt by him of the
par value thereof with sHrued Interest or upon lhe
surrender to htm of IN equivalent amount In the Ohl.
gallons required to BE- given by the purchaser % the
several CIrlitnT- of tho Virginia Central Railroad
company for that part Of the purchase. money Ipr
which credit n to DO allowed.
rhe pet revenues aud cRrnIng1 of the property &c.
cluKg between the date OF sale aud the roIyrynnG Of
poIrsion TO the purchaser OF purchasers his or their
isprcscntatyrs asSGus, thai may not bo oherw iSe
YIN be apnrnpriIed and applied under direction Of
chaser or purchaser his or their representative, or
assigns, and, In the first place toward the payment
paSe 10 lie paymc r' and no Of c ZAP %
due Interest On tho bonds OF tho Virginia snlral Rail
v, lstu
ments OF Interest that may become duo and payable
between The date of sale and the transfer and convey
nnre oftho property to the purchaser IN such order as
til" Court may direct
For so much Of the pnr,has".money ~ may b. ap-
pCpbe To tho payment Of the aSt due interest on the
bonds secured by the mort yults trust deeds ~
Cutsd by the Chesapeake aud ohio Railroad Company
To Duncan and Calhoun uud Calhoun and Kitchen,
respectively In the ratio and proportion by said de
cree, established credit II to la allowed of Twelve
years from dat" of sale but the undersigned viii re-
representatives assigns the interest coupons OF the
said bonds In payment At ruch rate per Cenluin OF the
par value OF I" sid coupons nS VIII bephyRble to the
holders OF such coupons upon the distribution Of Tho
proceeds Of sale under the prOTtl OF lien a, by glId
DEGREES settled and determined.
For 50 much OF the puTClIsC-mOney rs may he aD-
plictle To the payment Of the principal II said last
mentioned bonds In the ratio and proportion by SAID
DEGREES established the purchaser purchasers his or
their representatives or assigns, will he pltuWpd a
credit for such part thereof VIII he due and payable
corresponding to the time which each class rrspcc.
lively has yet TO run before the maturity thereof
That portion Of the purChasc-mOney which my be
applicable to the payment Of the Interest due ut the
the said two deeds last above mention In respect u
which credit Is given. much thereof as MAY re-
main outstanding and unpIUyidUd for at the nle u
the COnyCy TO the purchaser must be- secured y
deed of trust mortgage, executed the sntIsI,-
ton OF the Court ranking next IN priority alter the
liens to he created for the security of the deferred Iay
ments hcrenbtiOre menti med, which mortgage or
decd Of trust must be for the common security Ui
hOndhuldcrs Ia said trust -ures to 'Duncau and Cal
hOun aud TO Calhoun and Kitchen In the ratio and
proportion ny SAID DEGREES established aud inter 81
on the sums for which credit Is allOw, as aforesaid
must be- paid scmiannualy At the rats of six per
ccntuin per annum at such timc Us the Court may
direct
Ifthr prem Sc, should sell for Il sum more than Sue
hcirmt 10 pay and satisfy all the liens alnyr num-
toned and prior u tho Judgment. liens tic ,urpIus
mus, be paid by 5anl purchaser or purchasers lis