The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-03-30
aueyrrra,ri 49, .ss sare Days.

st6Ca BrOker5 nDu
ONCE 11O4 Main street, Fist National Bank
Building. s.s55
COMMISSIONERS ALEATAUofIoNS
ssSs or TIE esq
CHESAPEAKE AND OHIO RAILROAD.
city Of Richmond. Va. entered on the Goth day OF
March, 1877. land DEGREES subsequently enIeTed Ny
said Court In the suit OF Da inca sa Raflroad
Company and others and 10 deeree OF toe SfenS
Court OF tho comfy of Kanawa IN Inc S5a.e OF
Der, 1877, in The suit of Duncan and Calhoun, trus-
tess, %. The Chesapeake and Ohio Railroad Com
and oner also therein by ea
VIII sell at pgs,e bile aSsi9n tS tas
No. Man Street. In The city Of Richmond az
The hour Of i2 III: on the 2D DAY OF APR sqt
1873, the entire RAHRRAD,, OF Of The S SA,p
point on Inc james river, below Richmond; in The
state q v re- R9inf on oresher
ElsaTfs and F
privileges whatsoever 10 the said company belong
Ing. LANDS. BUILDINGS: gIACHINERYa R9Lb-
ING STOCK. MATERIALS, and other pR r.,
WHEREOF Is contained in the inventory ana reports
made by the Receiver under the order OF the Court
posing to bid at the office Of The Receiver. In the
| city of Richmond, Va. for reasonable tine
s ssSe th ae r sRssas Is sei in he
gage TO the Board OF Public Works of, VIZ,
ginia executed bv The Virginia Central Rai'road
Company, bearing date on the !st day Oh April,
1856, including the rights, privileges, and fran
chises embraced in said mortgage; all and singular
eeded and IN AND By to II
| W. Fry, William Fl. Mcfarland, and James Lyons
executed by sand Virginia Central Railroad Conn.,
pany, bearing date on the I'd day Of june 1854 all
and singular the premises rights, privileges, and
franchises included and conveyed In and by the
SON, executed by said Virginia Central Railroad
Company, bcaring date on the 9Th day Of February;
priSilcges and franchises included and conveyed in
and by the trusi-deea 10 Philo G. Calhoun. William
Butler Duncan, William Orion, and Matthew i.
pany bearing date ON the LIST day of October, 1868
all and singular the premises rights, privileges, and
franchises included and conveyed In and 6y me
Railroad Company TO Phio G. Calhoun and VIII
liam Butler DUNCAN, bearing date on the l 9Th day
iscs rights privileges, and franchises included and
conveyed in and by the trust deed executed by SAID
Chesapeake and Ohio Railroad Company TO the said
Philo C. Calhoun and William X. Kitchen, bearing
date on the 1st day Of October. 1872.
All which will be sold as an entirety free and ais.
charged Of and 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
all and Singular the liens of every kind and descrp
ton In said DEGREES found aud reclted except The
Hens for taxes therein referred to- If any snch liens
shall be established, and the lien for The certificates
of Indebtedness Of the receiver for the payment or
the arrears of taxes due to the State Of Virginia, If
any Of the said certificates snail remain unpao at
the time of sale
| THE TERMS OF SALE WILL BE AS FOLLOWS:
| The purchaser shall pay the day OF sale. or
within such short time thereafter not exceeding
ninety days the undersigned may designate on the
day OF sale, The sum Of TWO hundred thousand dol
lars f$2O0,00e) 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 the obligations of the
| Virginia Central Railroad Company, or to such
other as the same nay nave Dgen PROPERLY
Which at the expiration of the said ninety days he
pay have in hand after pairing The expenses OF op.
Grating the road shall be deducted from the amount
so required to be paid In cash.
For so much of the purchase money as shall Dc
equal to tie balance of the interest due and accrued
on the obligations of the Virginia Central Railroad
Company ut the date OF the trust-dced hereinafter
mentioned as directed to be made for the security
thereof, and rs may be then unpaid and unprovidei
for (lhe amount whereof will he estimated as nearly
as possible and made known Mt day of sae), Il credit
is to be allowed of three years from day of sale In
equal annual inSalments, with interest thereon at
| the rate Of six per centlIm per annum, payable
semi-annually.
For the further sum of four hundred and eighty
scTen thousand five hundred and sey nty-eight dol
lars and ninety cents "a S7,57S.9O) representing
/
and Howison, and also tie principal of the several
sums found and stated to be due In the eighth para
graph OF said decreeS), and also for any additional
sum which may lie due on account Of any of the
| claims in said eighth paragraph mentioned (the
amounts whereof will be asccr'ained as near.
| ly rs possible and made known on day of
saalcj. q credit is to be allowed of five years
from date of sale, with Interest at the rate of eight
per cf na per .S6H pnxanE r hercup Mhc
represents the principal of the eight per cent bonds
Of the virginia Central Railroad COMPANY; ana
at the rate Of six per centum per annum, pay
| able semi-lnnualS.
sand dollars ts1,01S,OO0, representing the princi-
pal outstanding under the truSt-decd or mortgage
Fry ana % 6s of S9a u y Iao
credit Is to he allowed from the date of sale until
the lst DAY of july 1887, with Interest at the rate
of SIX per centum per annum. payane sen-an-
nuaIly. Payment Of the said several sums for which
credit rs above stated is to be allowed and The inter
est thereon and of the bonds which may be Issued
as hereinafter mentioned is to be secured by trust
deed, executed to the satisfaction Of the Court, on
all and singular the premises sold, constituting
first lien thereon, to be executed and delivered to
trustee trustees to be appointed by the Court 81
simultaneously with the delivery of the conveyance
| OF the premises to tho purchaser
The said trust deed shall by its terms maintain and
preserve all existing priorllcs Of lien as between
| The different classes of bonds OF the said Virginia
Central Railroad Company. Appropriate ami con-
yencut obligations representing he several sums in
r6sI be co Created isseG and eyered to the several
creditors entitled TO receive the s;lnci and i'll case
of Disbursements Us to the form AMI tenor there
Of the same shall be settled and prescribed by The
courts on application. To enable the purchaser or
purchasers, or his thelrreprcSent,veS assigns,
IL he or they shall desire to 90 10 anticipate the
payment OF the said several SUMS In respect OF which
credit Is to he allowed as aforesaid and TO provide
for the reimbursement OF sums paid III respect of the
Indebtedness of the Fjrclnia Central Railroad Com
pany the several specific liens and the DenScS OF
the caIlse. he or they may create and ISSUE from
time time, under the said deed oil trust, and TO be
secured by the lien thereof, when and 10 the extent
that the same shall be endorsed with the certificate
of the trustee in said deed 10 that effect bonds 10
such an amount. not exceeding in tile aggregate the
aggregate amount OF the existing indebtedness of
the FirsiEia Central Railroad Company, and the
amount of such specific liens and expenses, with in
tcrcst accrued and to accrue thereon and the amount
which has been aScert2ined 10 be due to and decrecd
In favor of State of Virginia for Of taxes,
and of such denominations and tenor said pur-
chaser Or his representatives or assigns may deter
mine.
The said bonds are 10 he endorsed by the trustee
when requested, TO tile effect that they secured
by the lien thereof. to the extent and amount that
any part of the said existing Indebtedness OF the
Virginia Central Railroad Com Dany, or OF The said
specific liens and expenses or arrears OF taxes shall
have been previously DaiG oil, or upon the receipt
by him of the par value thereof with accrued inter-
est, or upon the surrender 10 him OF an equivalent
amount In the obligations required 10 he given by the
purchaser the several creditors Of the Virginia
Central Railroad Com any for that part of the pur
chasc-money for which credit is to he allowed.
The net revenues and earnings OF The property
accruing between The date of sale and the convey
ance Of possession TO the purchaser or purchasers,
his or their representatives or assigns, that may
not be otherwise dispose, OF in pursuance Of
the orders of the Court. will be appropriated and
Receiver for the benefit of the purchaser or pur-
chasers his their representatives assigns. and
in the first place towards the payment and discharge
OF that part of the purchase-money applicable to
| 49, s,nts y,.1 - 4lA.. n,