National Republican., 1878-01-09

pointed by said DEGREES, viii sell at public suction
No iS ics Main n hs cy of Rc
'2iFf 2@b ofS Fl hb e5M
sIs seS% Hssssson TIC gs'o! q
xrgin!a to point on the Ohio River 10 the stale of
AHs% ,fisiSit s y - S$sSsIS 3
ma sISsS F$pfSTf hS Ss., 2 sd Ssg
fSssssa n aaSI as '9S 6ss0; ssa @s %is
Ss s ONCE ssssTpp 81 Inc ey IN
SsoSs ne sale 4; y say, all and sasaiai ths
q Public Works Of Virginia, esecassd BY IN the VIZ
s s.Gsa nsaGnsy SGany ,Se Ssar rs se,s Sn
lsYes, "a and franehsss embraced in said mortgage
Sy ihe ras!:desd q II. ". fry, William i. Maesr:
AK q inns: isa, ~ aud sins,is, Ss premises,
ysyed d and by The trust.dssd 10 John b Young and
RSfoad Company bearing date ON nth The St day Of VII
ruary 1865 oil aud singular the premises, rights and
and by The irust.deed 10 Philo c. Calhoun, William
Hutier Duncan, William Qrton, and Mathew y. Mau-
sains I dsia On pss Is, day day "S o. SetSSsr is % Snd
ni @ s f. snS Ss I snS
gy y G snS and @s SSH H5Gsa Bas
Duncan bearing date the 18th day Of January, 1875
snd sil and singular ,e premlsss rights pryeges
Wusi.desd executed BY said ShesSpeafe and Ohio
Railroad Company 70 the said Philo Z, Calhoun aud
william H. X; Kitchen bearing date on the ist dav Of
(which viii be sold a. an entirety, free and dis;
the sd eyal mortgages and deeds o. trust and Of
Srss are nee Ss "a S aS
and singular ths liens OF every Kind aud description
taxes therein referred to- il any such liens shall be ss
tablshed snl the lien for the cert hcates OF indebted
se ns Us ps sng e o Ss
certificates shall remain unrad at the time OF sale.
THE TERMS OF SALE WILL Re AS FOLLOWS
The purchaser shall pay the day OF sale, with
- such short time thereailsr not exceeding ninety
S on dollars
o y, cash but my sums which the Receiver shall
The road AFTER The day 81 sale % The Interest due and
accrued on the obligation OF the Virginia Central
hnSe BEEN 70 spS under ne
orders OF the court and any sums which at the eS.
alter paying the expenses OF Operating the road shall
be deducted from the amount so required TO te paid
For SO much Of the purchase money as shall be
on tho obligations Of The Virginia Central Railroad
Com any at the date OF the trusi-deei hereinafter
thereoi; Sni as may be then unpaid and unprovided
for uhS amount wheI eof will be estimated nearly
as possible and made known Ut day OF sale credit
Is to be allowed Of three years rom day Of SALE in
I
FOR The further sum Of four hundred and eighty
seven thousand Ave hundred and seventy eight dol
lars and ninety cents tss7,5ss1l, representing the
onnd and to be due in The eighth par rigIaph o.
said decroCs) and also .or any additional which
may be due on account any oftue claims u the said
viii be pSsceTnined as nariy e as posSiSe and mNde
known on dGy OF sae,J with interest at the rate OF
s spoa he he Ss%t o T Hna hs a SSI %hS
s;nt5 W rlnSPsi q he eight Pr cent bonds Of the
est Upon The residue Of said prnpipf sums at tRe raj
sr o Uns Ron %sen So
unT S Or .s To Ps
and mcfarland and Lyons and under tic morris gage
to the Board Of Public Works Of Virginia, credit Is
of July 1851 with interest the rate OF six per cent
m mnm per annum, payable semtsnnuaIly. Payment o.
TO 10 allowed and the interest thereon OF the
70 s w Sy 10 ss
faction OF the Court on all and singular the premise.
and delivered 10 trustee or trustees TO be appointed
BY the Sonrt with The delivery of the
rne sad trust deed snail hy its TERMS maintain and
o y S & fp r. Sssssn a
RRs anS o
70 % Ss sss Ss
titled to receive The same and IN case q any dts;
SANG shall be settled and prescribed BY The courts
Els 81 re sRsss 'h .n Or Or Ss
shall desire So TO anticipate the payment OF the
S a sG 20 e, PROVIDE csf of ha Is be
bursenent Of sums paid IN respect ofthe Indebtedness
s5ai specific Hens and hs eSEense, p tEs ease,
sssy y NAY gs srsa,e nns sSs om @ %S g m I'm S under
when ,n and 10 70 the eaten, s1, The saine shall
deed to that effect, bonds to such amount not ex-
ssesing @ IN .e Ssgres ne eysgnts amount Of !he
road Company, and the amount OF such specific liens
snd enpsns,s With Interest sGcrued M and 70 scSrus
70 6s due TO- and dsGrcsd In isy9r Of he state Of yr.
and Tenor as said purchaser or his rppresentatiVes or
| assigns may determine.
Tns said oonds are 70 Be endorsed by the astss
the lien thereof to ns extent and amount that any
central Railroad Company, or OF the said specific
lenS and expenses oftaxes shall have been
value ,hsrsof with scrasd niefssi or upon III
to h Of Of m xd h IA in The obi
Sr9s 4 fSs, Of The ySns Central Rar09d
which credit Is to be allowed.
The Is. revenues and e searnLngs of the property ae
possession 10 The Durchaser or pnrchasers his or ths
representayes or assigns thai may not be otherwi.t
he Court 6y lie Receiver III he benefit Of he pu1
ssns % ana n lie & place 81 towara he paSmeS
and dissharSe Of that part Of The ap
due Interest on tie bonds Of the virginia tenrai Kali
o. Sr sSf Ss ct
between the OF sale and the transfer and convey
anee Of the property to the purchaser In such order
For sornuch Of the purchase money . may be ap.
pcable TO the payment OF the a,due interest th,
| bonds secured by the mortgages trust deeds exc
cuted by the Chesspeake and Ohio Railroad Compan,
| to Duncan and Calhoun and Calhoun and Kitchen
crees established credit !, 10 be allowed Of tweiv,
ceve from the purchaser or purchasers, bis or the
representatives. assigns. the int, coupons OF th
said bonds In payment AT such rate per centum OF ih
par value OF the said coupons as Will be payable to ih
holders Of such coupons upon the distribution OF th
proceeds OF sale under the prories Of lien. by saI
tecrees settled and determined
For so puch of the purchase money may be Rp
pcable TO the payment Of the principal Of said last
mentioned bonds In the ratio and proportion by sai'
DEGREES established the purchaser purchasers his u
their representatives or assigns, Will he allowed
credit for such part thereof Will he Gnd payab
In respect OF each OF bonds for period Of tim
corresponding TO the time which each class respoC
lively has yet TO run b3fore the maturity thereof
That portion Of the purchase money which may b.
dale Of sale and 10 the principal Of the bonds unde
the said two deeds last above mention In respect
which credit s iven. or so much thereof as may re
the conveyance TO the purchaser, must be secured b.
deed OF trust or mortgage, executed TO the sailsflC
liens 10 he created Tor the security Of The deferred pay
ments herenbefOre meniiI ned, which mortgage o
deed OF trust must be for the common security q
h0un aud to Calhoun and Kitchen In the ratio an
| proportion by sad DEGREES established aud nterrs
on the sums for which credit is allowed us aforesai
must be paid semtannually at the rate sOf six pc
centum per annum ut such time rs the Court ma
direct
Ifthe premise, should sell for sum more than 81
hcient TO pay and satisfy all the liens above men
toned and prior t. the ludgmentlens, the surplu
must be paid by sad purchaser Or purchasers, his O
The sale Is to be- subject 10 the atlon rje'
lon Of the court, and possession Is not to be devere
IA I'm haata nod Ni