National Republican., 1878-01-30

bidder,
Commerce, No 100 Main street, In The city q Rcl,;
mSnd at ne hour , 81 ,wslye r & On re Y RAa 9p
eHfskPfxKE Hist s ehf AND 6HiS 4RRiIRoRb 1oM
pANY extending and pow bn opetalon from ron pom, 20 m
%rsipa. o point p he ono FIysF + ,Gs si!is q
NIGH nlssss Syehfr yt gu hsiussa ~ n
SSi,iIssbIi,s FOR ExTENsIoSs, BaANcmlos
GGifI sgfIpISds S T. srP aifi@SR SGf sGS & &5fScK
sSsisssa ; p inS @Ss"iS5y sn5 SsScs,s i %aSS
S roInr e 70 S Ss Ss UG. 81 the BY Pre- Pie
be ore the sele,that to say, all and singnlar the
of PaSe Worss Srs Of Virsin egeetd 3 BY Vi Tie wi Vr
ginia Central BAi,road Company, bearing date on
iege-, and franchises embraced IN said m9ItEase;
si and singular the prensSes mis- rights priycSsd ma
BY the tr,s!.deed % II. W. Try, William 4. Maciat.
tsnirsi RAILROAD Compsny, bssrins date on lie q
day OF June, 1884 ali and singular the prenl.es,
p nna s. he sna JoSn Young aud
ssrt II omison esecn,eG by m saiq ~ vsnia osnr VIZ
raH 1855 al sna singular s ETeisi sns rss Ha m
and by The trust-deed to Philo c. Calhoun, William
liuIler Duncan William orion, and Mathew y Man'
bearing date on the list day OF October, s6s; rit and
SINGULAR Is premises rlgh's priy ysges Ina nG ira,;
9g ~ %G g Sns and Wrm 2hS T24 Sf
and all and singular the premises rights privileges,
!rust-deed executed by sad Ciie:apeake and OHIO
hn,lroad COMPANY to the said philo G; Calhoun and
william y. Kitchen, bearing date on the lst dav OF
An which WI be sold a; an en,,rty es and a.,
the SAID several morgaSes and deeds Of trust aud OF
and rom each and every one Of said deeds of trust OF
and singular th. liens OF every kind aud description
tSsn sPsd Ss T 10 Sny sSe sns s s %
tablished and the lien for the certnIes OF indebted,
n 10 nm
taxes 10 the state OF VIRGINIA il any Of the said
certificates shall remain unrad at the time of sale
| THE TERMS OF SALE WILL BE As FOLLOWS;
In such short time thereafter exceeding ninety
saie, the sum OF Two hundred thousand dollars tsN:
ool In cash but ny sums which the Receiver shall
tue road aitcr the day o. sale to the interest due aud
Railroad Company, Or to such other nnrposes as ie
| sanIe may have been properly applied under the
pifation Of the said ninety days he ay Lave in hand
n,er laying the expenses Of operating lhs road snl
In cash.
equal to he balance Of he interest due and accrued
Lon the obligations o. the Virginia Central Il!lrodd
mentioned rs dirccted 10 6e na,Ie fr the seSt'ry
thereof eni as may be then unpaid and unprovided
as possible and made known ut day Of salel Gre Il
e1%Si Il annSa nSalsns 81 se Viii P nicra % %cr@G d % az
the rts OF six per cenum per annuni, pay able semi
For the further sum OF four hundred aud eighty
seven thousa!d, five hundred and scYcnty e!gh DOL
principal sum due under the trist-leedto Young nnd
lIowison, aud also the prnc al Of ihr S'Nert sums
sAr DEGREES aud also for any additional sum Which
may be due on count ofany Oftne claims iu the said
VII be S % ss Tr rs ESSem m m G Inn made %
eight per Z" cant@m @ per a S2u payable
upon the sum OF si6JOJ the art theI which repre-
Ssns Gna Rroad % ES Gopany and Tf M 81 nr 5s
est upon the residue OF sud principal sum, At the rat
For lie further sum Of one n'iliIon eist"m ihoS1
a2 Ts ES H,HnS nr NE gr's 10
aud Maciarlnnd aud Lyons, aud under the mortgage
TO be allowed from the date Of sale until The is day
Of July, lss, with interest nj the rate Of sN Ter Urni-
The ssid evsr sums iSr Which cisdi rs afSv - " s"sd I ID
s to te allowed and The in.eres, theron ana OF The
Is to b. secured by trustdecd executed to the sat :.
sold, constituting rst lien thereon 10 he cxccut"tl
and delivered 70 trustee or trustees to le appointed
| CONVEYANCE Of the premises the purchaser.
fne "a trust deed snail ~ its terms, maintain and
different classes of bonds Of the sRd Virginia Central
hai,irGai COMPANY APpIoprate aud cgnvensnt
wfh .sH credit nS 70 SG S%n as & S"rsS a De
titled to receive the same and IN Of any dis
ngret nG1If a; to .he FORM and tenor therso the
application. TO enable tie purchaser or purchSserS
OF his their representatives assigns. ifhe they
said several sums IN respect 81 which credit is 10 be
allowed, as aforesaid, and TO provide ior the Trnl.
bursemcnt OF sums paid In respect OF the indebtedness
ofthe Virginia Central hailrOad Company, the scv.
they hay crGSt" ' Snd @ sne rom tine S 10 t ms nr
the said decd Of trust, and to be secured by the lien
be indorsd with the certificate of The trustee IN said
deed to that effect, bonds TO such an amount, not
exs Ing Indebtedness OF the Virginia Central Rail.
and cxrens,s with int"iest accrued aid to accrue
thereon, and the amount which has been R.ccrainel
gna arrears OF taxes. and Of such dcnpminat Ons
and tenor as said purchaser or hs personalities OF
rne said oonds are TO be cndors' d by the trustee
when requested, the eject that they are secured by
part of he % sii Sstns % With Of 1he VIZ Win R
hSrSsd SSmnany or of hs hr i'll rpGsS
previously paid on & or upon ,hS receipt by him Of ,hs
Surrender to hm Of an equivalent amount III the ob
cations required TO be given by the Iurcll,scr 70 the
VIII ch credit Is 10 he allowed.
crung between The date Of sale ana the colveyacc Oi
po,se,,ion tothe purchaser Or purchsers his or tbs
dspOsed OF In pursuance Of the orders Of the Court
M s @ m r sec" Ta d a b.mE %GF %f"m n S
chaser or nn,Ghasyr; Is or Gir rcprcSSntMiyca o,
and discharge ofthnt par OF tile puI ohnsr-noney nI
Glic1ne to The payment a9d sat!saGIo1 Of the ai!
road 'omImny, or toward the payment OF any install
between the date of sale and the transfer aud convey
nnce olthy property to the purchaser In such order as
|
For 80 much of the purchase money as may be ap-
plica.te to the payment Oi tie due Interest the
bonds secured by the mortgages trust deeds exc
cuIrd by the Chesapeake aud Ohio ltarond Company
to duncan and Calhoun and Calhoun and Kitchen
respectively In the ratio aud proportion by said de
Cru,s established credit IL to b. allowed of twelve
years from date Of sale; hut the undersigned viii
criNe from the purchaser or purchasers, his their
representatives or ,Sigs, the interest coupons ofthu
said bonds IN laym mt at such rate per crntm OF the
par value of the said coupons Us Will payubletO the
procees Of sale under the rrur;es Of lien a, by SAID
DEGREES settled and determined
For so much Of the purchaSe-mOncy US may he np.
plicabc To the payment of the principal Of said last.
mentioned bonds In the ratio and proportion by sud
DEGREES established the purchaser or purchasers his OF
their representatives or assigns. Will bc allowed
credit Tor such part thereof viii be due and payable
In respect Of each of bonds for Iprud Of time
| eSpOnding to the time which each class T,spec.
Thai portion Of the purchase money which may he
applicable 10 the Payment Of the intC ct due at the
dale of sale and to the p incipa Of ihs bonds under
the said two deeds last above mention In respect VI
which credit is Nen, or 81 much thereof may
| main outstanding and unprUyidCd iOT Et the Rte Ui
the conveyance 10 the purchaser, must he secured by
u deed uftrust or mortgage executed to the sltiSfIC-
on OF tie Court ranking next In priority after the
liens TO he created for the security OF The deferred pay
deed OF trust must lie tor the common security Of
hOnd.h holders IN sid tns-ueeds to Duncan and Cal.
| hOun and TO Calhoun and Kitchen IN the ratio and
proportion by sad DEGREES established aid inter st
on the for which credit is all" Scd Us resad
must be paid ssmiannually at the rate OF six per
Centum per annum at such time Hs the Court may
direct.