National Republican., 1878-03-05

.onnerce No ll0i Mnln slr.et N the city o. Rich,
As M ss eS %NS SS n B S5P SSH
9n the James River, below Ricbnond in the state o.
Wsnsp pGs o.eer ,s VIII hS al Se1 4. Ne
isr Gisls AsR RR pkiyifE lNSs0dqS =, Hat EHhs
BRiDGEs. and s2d all oiher G r risRis aud pryess Wat
iSGffJ K ee Sad Gss2gins sNDs
MATEhiAIs, and other PR6PERra. real snd a. PEI.
ssd more o ha s ssSnrs ss By
The receiver under the order Of ts court. Which
E s s 6tss 81 the By in
b Of te eSmona % 10, al SSisss S time me
PREMisEs embraced in Inc mortgage 10 tie board
o. Of Public Works Of Virginia, executed by the VIZ
he Is, day of Apr sio nciuGns Tie % rights. es pr.S VI
leges, and Franchises embraced IN said morlsase
@ s gEsf' sS%' y and
Sy Iyra hG ,Ga e Il W Iry William T. Machr
Sen'rsl ~ Rarond Company barring date on the ID
rhs prVcre ans ~ rsehn s Ss nSua s end son
yeyed in and By the trusideed to John n Young and
Railroad bearing daiS Oh The q da" Of Feb
ruary 1905; al aud singular the prcni,~ rights and
and by io trust deed 10 Pho e. Calhoun, William
Butler duncan, William orion, aud Mathew +. Maui
bearing date on the list day Of 0co6sr isgs ali and
sssss csrr ss rgs S prsTTs % ,d
eo sS sas and Sho
and ad s and slnsnsr hs preses rights privileges
iTustdscd executed BY said ChesspsaEe AN and II OHIO @
Hailroad Company TO the said Philo e.. Calhoun and
Giiliam X; Kitchen, bearing date on the ist dav OF
All which will be sold a. an entirety, free and dis
dc sad several mortgages and deeds Of trust, and Of
and from each and every one Of said deeds q trust
and s'nsuar Ii, liens or every bHd aud des"ri%ion
10 said Ssns And nses escfp The e Tor
tabiished and the lien for the certificates OF indebted
ss Gas e % 5ss'sS . s H q ' e % 81
certificates shall remain unpaid the time Of sale
THE TERMS OF SALE WILL BE AS FOLLOWS:
In such short time tbsrsaiier not exceeding ninety
days the UNDERSIGNED may designate on the day Of
ooo) In cash but any sums which lie Receiver shall
r. r. the mca,tS have @ applied out Of ang earnings q
accrued on the obligations Of the Virginia Cent al
aSroaa may SSs to ses Shsr hs
orders OF the court. and any sums which, nj the
hier paying the xpeuses OF operating the road shall
be deducted from Che amount so required to tie paid
For 80 much OF the purchase money as shalt be
equal y ihe balance Of The interest due and accrued
ComIany al the date Of the trust-d ell hereinafter
mentioned. as directed to be made for the security
thereof, and as may be then unpaid and unprOvded
for, Ohe amount whereof will he esmatr rs nearly
IL To be allowed OF three years from day OF sale, in
equal annual lnStailnlcnis with interest thereon n
annually.
FOR tho further sum OF four hundred and eighty.
seven lhonsand. hve hnnIred and seyenty-eght dol
principal sum due under the trust-deed to Young and
oSni and stated due in tho eighth paragraph o
said decrees and also for my additional sum which
eighth parugrnph mentioned. uhe amounts whereof
vii he ascertnlned as nearly as possible aud made
sSo Ie ss ss o % ST th@ nar ySS
sets the principal OF he eight p cent. bonds of the
Virginia Central Railroad Company and With inter.
e e pT e he resns ncp 81 saa sums a. the re
For the further sum Of one million eighteen thou.
oSsSdns under or %orrags rs rlieiHr To rS
ann ~ Mnciarland nnd Lyons, and under the mortgage
10 be allowed from the date of sale until the ist day
of July 1857 with interest at the rate Of six per cent
lie Said several sums Tor Which credit a, ab3y s",ea d
to be allowed, and the interest thereon OF tho
bonds which may be issued as hereinafter mentiOncd
T. to be secured by trustdeed executed to the salts.
sold constituting iiTst lien thereon 10 be Executed
m nnd delivered TO trustee Or trustees to be spponcd
CONVEYANCE of the premises TO the purchaser.
fhe sad trust deed snail by its terms maintain and
different Glasses Of Bonds Of ill., SAID % visvmis % wes eenrn nns
Civilizations TSP@S e s and
aed issued delivered to the several creditors en-.
agreemep,s as to the form aud ienor thereof the the
same shall be settled and prescribed by the courts gu
his or their Representatives or assns he or shey
shall desire TO doso to anticipate the payment OF the
allowed. aforesaid and to provide ior The rSInr
oftGe Virginia ccntra RaPnad Co%panT, the scy.
eLa % specic Hens and nc eX eses Of the cause he
the said deed Of trust and to be secured by The lien
thereof when and TO the extent that the same shni
deed TO that effect, bonds to such an amount not OK
Credns IN The aggrcgate the aggregate amount of the
road Company, and the amount Oi such specific liens
hnt a
TO be due to and dccrc"d IN yor of the state Of Vr
anu teiOr as said purchaser or his representatives or
assigns may determine.
rne said oonds are 10 be endorsed by the trustee
when requested, to the effect that they are Sc red by
TIE lien thereof 10 the extent and amount that amy
tcntral Railroad Company or Of the said speciiic
lctnS and expense, arrears taxes shall have been
par value thereof with accrued nees or upSn On III" he
surrender to him of an equivalent amount Ia the ob
several Srsdor, Of The k' 4 ia" % %E%tISfE II 5f
vii ch credit Is 10 10 allowed. T'
Thc net rcVpnIIts nud ,prningI of the nrnner,v mr.
CTung between the date OF sale aud the conveyance Of
possession the purchaser purchasers his or their
disposed OF IN pursuance of the orders OF the Court
the Court W lie RcccvSr dq II" benS ",feG"n "f S 2 %!
chaser or purchasers, his their Representatives or
and discharge of that part or tho purcha c-mHney an
bSc ScG6e to me p"ymGm ap1 s4saEo1 OF NE Ea!
iod Company, or toward The payment OF any Ipstall.
ments ot interest That may become due and DlNule
between the de of sale and the transfer aud convey
ance OF the property to the purchaser In such order Us
the Court nluy direct
For 50 much of the puTchase-money as may b., an
plche to the payment OF the past due Interest on lie
bonds secured by the mortgages or trust deeds exc
to Duncan aud Calhoun and Calhoun aud kItchrn.
respectively IN the ratio and proportion by said de-
CrcpS established credit Il to br allowed of twelve
years from dat" of sac but the undersigned will re-
assigns, the interest coupons OF the
said bonds IN payment ut such rate per crntun OF The
par value OF tie said coupons AS vii he payable to the
hOldrr(f such coupons upon the disrlbutiOn of lhC
proceeds OF sale under the rgr:lcs of lien aS by said
DEGREES settled and determined.
For so much of the purCase-mOney may be m.
picablc to the payment Of the principal Of said last
bonds In the ratio and prGDorl ion by sud
their representatives or nssigns, Will be allowed a
credit for such part thereof Us VIII be due and payable
In respect of each class of bonds for period or time
to the time which each class respec.
lively has yet to run before the maturity thereof
That portion of the purchase money which may be
applicable TO the payment Of the Interest due al the
date Of sale and 10 the principal Of the bonds under
the said two deeds last abOvomentiOn In respect Of
which credit s Eivcn, or 50 much thereof rs nuy 40.
main outstanding and nnpIOvided for at the date Of
the conveyance 10 the purchaser, must be secured by
dccu OF trust or mortgage, executed to the Ssflc-
ION OF the Court ranking next IN priority after the
mcnts herelnbefore mentioned, which mortgage 1r
Heed Of trust must he for the common security OF
bund'hOlderS In sud trust deeds to Duncan and Cal.
h0un and Ia Calhoun and Kitchen IN the ratio and
Dn the sums for which credit IL allowed rs ufOrpsald
must he paid s"mi-nnnually NJ the rat. Of giI nor
ncntum per annum ut such time as the Court MAY
direct.
fthe premises should sell for sum more than suf
iCieut Ia pay aud satisfy all the liens above men.
iDnpl md nriDT II liena Tho .ur,Inu