National Republican. (Washington City (D.C.)) 1872-1888, 1878-02-16

polluted by said DEGREES Will sell at public auction
So%m"fse No Ci "a l srei M IN he ely Of Ec
mpnd' at ne hour 81 twSiye m on NE ID PAY TX
GHTsAPEGKE AND OHIO R2fLRoHb Con-:
rANl extending and now IL operation nom point
yirgna, 10 point on the Ohio Tlysr in the state OF
%ssi HigEin,s to{si6Sr WIN az q, fRNEciIs
SnIIf F fO5 All 1 EXTE Is
STlgiSSS SIS SEtie , s S$
sSna more an" pn StnsL rC Mb SpS et /;
Sn In u hs rySS"oy and Imports made BY
e G5Ps the S fec1sS rfS
s. me h sSy y all "nd Singular tie
pREM i embraced in the r,ortgHse 70 tie Beard
ginia Central Railroad COMPANY, bearing date on
aS s s day AS5 $50 nS1aps TIE 5s P5
ps n%sss o IL 4 F RP9 william t. @ II !
land and James Lyons, exeeited by said virginia
sf0ns sf Singular dfas Gn mi
rlshts, privileges. and franchises included and CON-
Robert i. To&ison, executed by said Virginia csnra
Railroad Company bearing date on the en- day q tcb
privileges, and franchises included aud conyeSed In
Bntlef duncan, William orion, and Mathew !. Maa.
y by The Chesapeake and Ohio Railroad Company,
chiscs ircuded and conveyed in and by the trust deed
GG f si g ma 4 2R Basr
Duncan bearing date tho 18th day Of january, S7U
a r. and Is ad ~ Ss
5usi tlesd executed by sad She.apcaEs and OHIO
WIlIpm \. Kitchen, bearing date ON the Isl dav OF
which viii be sold ms an entirety free and dis.
charged OF and rom the liens and incunbrances OF
and from each and every Of said deeds OF
morgaseS and nee and discharged of snd from all
IN said DEGREES found and rrciei except the liens Tor
asss therein REFEREED TO- e any such liens shall he es
n, a 5ose r LOT ne Of The sr re-,
certificates shall remain unrad at the time OF sale
THE TERMS OF SALE WILL BE AS FOLLOWS;
The purchaser shall pay on tie day of sale, or with
days the undersigned may designate on the day Of
sale, the sum of two hundred thousand dollars (sO
in he meantime have applied out OF any earnings OF
the road amer the day OF sale to the interes, due aud
railroad company, or to such other purposes as the
same my have r been properly APPLIED under the
ptraton Of the said ninety days, he mny have ~ hand
alter laying eeNpenses of operating the road shall
In cash.
equal to he balance Of Tie nSrst ds and Sc%rrS ed
on the Obligations e the Virginia Central Railroad
m"m'lonet, rs directed to Re nude for the se TIrty
in"rG3L and as may b. ,hrn unpaid and unpGvicl
rs pusSiLle AID naie known at day Of sacl credit
elu1l annual mstnllncns. with interest Their on At
III" rat. OF six Ientum per NYnum. pay able semi
annually.
for tho further sum Of four hundred and eighty.
seven thousand, five hundred and sevcnty-c ght dol
PRINCIPAL sum due under the trust.drrdto Young and
MowNon ana also the rncl ~ OF ne several sums
said decrees) and also Tor any add IonGl sum which
may be due on account oiany oftne claims II Tue said
eighth pnrngIaph m,ntionel Cthe amounts whereof
known on day OF sareJ Win Interest at lie rHtS OF
UPON the sum Of sGl,or The ART tIoe (which rSprs!
rs, rTPIR al me es1 cent n GTYi OF me
est upon the r. siu" of said principal at III" rate
for the hrihcr un, Of one million eighteen thoSS
sand dollars t-lolsVcj) representing tile principal
and mcfarland and LNons, and under tie mortgage
TO the Board Of Public Works of Nirsinine credit Is
of July los, with interest ut the rate OF six per cent.
nm pc, annum payable s"mtnnnuliiy. PAYMENT Of
sto he allowed, and the interest thereon ana OF the
Is to be secured by rrsi.dced cxccGIc to III" "a" -
faction of the Court. on all and singular the prrmeS
md delivered To trustee trustees to be appointed
by the CouIt simultaneously with the delivery OF the
CONVEYANCE OF tho premises to the purchaser.
fnc trust deed snail hy its terms maintain aud
prsSssry; al existing priories Of I'm rs between the
obligations reeseHing thc several sums in respsct to
SSS and to S ssye sSs E
titled to receive the same; and IN case Of any dis.
same shall be settled and prescribed by the courts on
nppClltlOn 10 enable Inc purchaser or purchasers,
or his or thelrrepresenayeS or assigns fhe or they
shall desire TO do So 10 anticipate the payment of the
allowed Aforesaid, and 10 provide Tor the rSIm.
burement ofsums paid ~ respect oflhc Indebtedness
they may create and issue, irOm time to time, under
thereof when and to tho cxteut that the same shall
h. lndortd with the Certificate of the trustee In said
deed to TINT effect bonds to such amount, not eN.
cccling In the aTTrGate the aggregate amount Of the
cNa Ing indebtedness of the Virginia central Rail.
rud expenses, with interest accrued AMI To accrue
To hc due to aud drCrCrd In OF the state II Viz
Vimn 10. arrears Of taxes and II such denominations
aud tenor rs said purchaser his personalities or
assigns may determine.
rne said Oohds To he endorsed by the trustee
when requested. to the effect that they are Sc rired by
tie lien i!!ereu to the extent and amount that any
part OF the said existing Indebtedness Of the VrInl
lenS and expenses arrears OftaNcs shall have been
naCyi"y paid on , Or upon thy rcccp by him of The
surrender To him ofHn equivalent amount III the obi.
several creditors of the Virginia Central ltalroad
COMPANY fer thli pnrt OF the pnrchase.mOney for
fhe ct revenues mud caruingI Of the prnuCrty nc.
rrnuE between the date OF sale and the conveyance Of
iemcsenaiyrs or assign, thai may b. othcrwise
disposed OF IN pursuance Of the orders of the Court
lie court y lie ccvSr d Tie BENEFIT " Of n" %.
chaser or lurcnirss his or their representative, or
aud d,carge Of thst rarr Of tho purcTns'.mUicv ap
G s to- G %1 T% , Sns arg HISnoT q" IL" Eai
road COMPANY. or toward the p4ymrnt OF any install.
mentS of interest that may b,Cunl" due and payable
nnce Of he property TO the purchaser In such order lis
the Court may direct
For 50 much of the purchns,. money rs may be ap-
pcahle to the payment o' Iatdmc Interest on tie
bonds secured by the mort ,IgS trust deeds exc
Cu,pd by the ChrsaVGk aud Ohio Iinilrual COMPANY
TO Dun al and Calhoun and Calhoun aud Kit'hrII
respectively, IN ne ratio aud proportion by said lie.
CTC's established credit II to Ia allowed of tyrlV,
Yeas from dts Of sae but the undersigned viii re-.
ceNe from the purchaser PURCHASERS his or their
representatives assigns, the interest CupOus of the
par value Of the said coupons will he payable to the
holders Ol such coupons the disribuliOn of the
proceeds OF sale under the prurlrs of lien. u, By sad
DEGREES settled and determined.
tUr so much Of tie purChasc-mOney us may he nh.
pliclhlr to the payment of tho principal Of said last
mentioned bonds In the ratio and proportion by SId
DEGREES established the purchaser or purchasers hi, or
their representatives or assigns, will h. allowed IA
credit for such part tlrruOfus VIII he due aud payable
In respect OF each caSS of bonds for period nf time
corresponding to the time which Trh class rrspct-
lively has yet to run before tho maturity thereof
That portion of the purchase money which may be
applicable To the payment of the interest due ri the
date of sue aud to the p nCipu Of the bonds under
the said two deeds last abOve'mentiOn IN respect ~
main outstanding and unpr0vidcd for at the duio IT
the conveyance TO the purchaser, br secured by
deed Of trust or mortgage, executed To the susfC-
ton of the Court ranking next In priority after the
lps to he created for the eCuritN Of The deferred nay
menS hrrrnbefure mentioned, which mortgage HT
deed OF trust must re for the common security oi
hOun and to Calhoun and Kitchen in tho ratio and
proportion by SAID deCrrcS established aud ntnrI
on The sums for which credit Is allowed aforesaid
must be- paid semi-uunUully NJ IN" rat, Of six M
direct.
Ifthp premises should sell for sum more than snE
hCirnl 10 pay amt Salisf al the liens HhUVc mun-
toned and prior to the Judgment. Hens the surplus
he uUlu by sad purchaser DurChagprs IA a ar