National Republican. (Washington City (D.C.)) 1872-1888, 1878-02-08


Ing, The .undersisped as special Commissioner ,ap.
Gommcfce No ioi Main street IN the city % Rich;
HP So p Ss en q I'M iii z Vi IK
GnLs.APEAKE AND OHIO RAILROAD toM,
on the james River. below Riemond 10 lie i ,te Of
S W.. % e pG%, c~ NJ Sss S' L n i &
EIGills ANh pXiLss oiSssud'TH x I EhS
BItiDdEs, and all other rshis and privileges wiIG,.
MhrEa ma o,hcT rem ndE e
sonal, a more particular description whergoi Is
R n under Ss Ike S az" 81 r0 Which
S Il 10 3D. at Ss once q the BY
sy Of Riebnena, va for An re res s'I I'm, inc
E Sti III sr s Ssr a ssd sIEsfE ard
Of Public Works OF Virginia, executed BY the VT
The Isl day o. April 1850 including the rights ;rrivi
leges, aud frnnchi.ss embraced in ,aid m9riEmgs;
and franeRsps luesde pIe and sosSsysd n sn1
~ the irs.sed 70 IL w LIy William r y Maea5;
Gcnr Rsrona cOnpiny eet S da Ate on he =
phts 3, prVsras and rsneh,ses inSluaed and con
yeyei IN and by the trust-deed TO John b. Young aud
RSiroad Company, bearing date on The fday OF Feb
ruary. 1903 all and singular the premi.es rights ana
Butler Duncan, William Orion, end Mathew =. Maui
bsafn. date on The list day Of October 1888 slt and
sf nf TnG s SnS gTS s
sSnsG ny SG S and 2h1 ' Rsi
bearing Gat e on The th day Jana%r ig
ana a. d agSr ,e pr n shs nd y III
!rusi.deed executed BY said Che.apeaEe and ONO
RaroHd Company to the said PhIlo e. Calhoun and
Willlam Z: Ktchen, bearing date on the list dsv Oh
(which viii be sold as an entirety. free and dis
the sad sey e5al mor!snses and deeds Of trust and OF
S IRE and Gssarsed OF md from ali
and singular ths Hens of every kind and description
taxes therein referred to il any such liens shell be
tabllshe and the lien for the certificates OF indebted
ss T 5efs s a Ns q 70 ss q
certificates shall remain nnTaid at the time OF sale
THE TERMS OF SALE WILL BE AZ FOLLOWS;
The purchaser shall pay the day Of sale, with
In such short time thereafter not exceeding ninety
sS sa .n ns ~ ING Sndr sy tSSasad III dollar"
gOol In cash; but any sums which tie Receiver shall
Tue road aflsr the DAY d sale to the Interest due aud
accrued on the obligations Of the Virginia Central
anne may hays 6sen 70 pHoperiy applied SgdsS lie
orders OF The court and any sums Which, al the OK
alter paying the expenses Of operating the road snl
be deducted from the amount SO required 10 te paid
For y much of The o as shall be
on the Obligations Of the Virginia Central Railroad
Com any NJ the dale OF the trus I'd, ell hereinafter
thereof and ~ may he then unpaid aud unprovdcd
for, Uhe rmOunt whereof viii he estimated "a nearly
is to be Above OF three years rom day Of ar in
equal annual instGments, with interest thereon IT
the rtt Of six Centun per ennuni, payable II nj
annually.
for the further sun, OF fur hundred and eighty.
seven thousand. 1--WE hundred anu seventy-elght dol
lars and ninety cents Eis,51aGOD representing the
principal ,iue under the rustdeedt TO YOUNG and
nowison, aud also the prncil al Of the several sums
found and stated be due in the eighth paragraph Of
sSH be due nSon sS d S s s i inv %
eighth paragrnph mentioned: lhe AMOUNTS whereof
Sno% SS on Gay o. sse Win ntefi al lie OF
eiEht Per csntn,n PER annum payable fem,-ennilly,
ssuts The principal OF lie eight pr bonls OF the
Virginia Contra Railroad COMPANY and WIN inter
Of SIX yer ceninn per annun, ayabe semiannunlly
pSr M rh =. ssm a. %T Sns lon Eighteen %
outstanding under the tIusdeed mortgage TO Fry
10 the Bosr Of TnHc @ofEs Of WIZ" Wrsnn e cr 5
to be allowed from the date Of sale until the Isl day
| UNI per nnnlim, payable senlLannualy Payment 0!
the said several sums for which credit above aIpd
bonds which may be Issued as hereinafter mentioned
TO be secured by irhs-deed executed to the salts
sold constituting flint lien thereon, TO be executed
t6S tSnt With The Icvsy OF lie
| CONVEYANCE OF the premises to the purchaser
InS I'D , dseS Is terms naTsn ard r.,
different classes OF bonds Of the said Virginia Central
Pp n%S t
%sI credit ans 70 be TysH %s @ 0s ere
titled TO receive the same: and IN case Of any d.
| agreements as to the form and tenor thereof th'
Spp f S De 70 eSbe Tie purSsS or orr SPG
or his or representative or sssgns fhe or the,
shall desire TO do to anticipate the payment Of th
said several sums ~ respect Of which credit Is to b
NJ Paid H 50 SS o In S t
Of the Virginia Central Railroad Company, the srN
SS cfs Smf s nS N to % ne
the said deed of trust, and TO be secured by til" eI
be ndorsed with the certificate Of he trustee In st
decd to that effect, bonds TO such an amount not OK
IA n
existing undertakings Of the Virginia Central Rail
and expenses with Interest accrued aid to sccru,
thereon, and the amount which has been sCcrtnlneC
ginia Tor Of taxes, and Of such denomination
and tenor rs said purchaser or his representatives Of
| assigns may determine.
rue said Dodds are to be endorsed 10y Il Q trusie,
when requested, TO the effect that they are secured by
part OF the said existing Indebtedness Of the Vrrn
| central Railroad Company or OF the said specific
previously paid of. upon the receipt by him OF tn
par value thereof with accrued Interest or upon "a
surrender TO hii of nm equivalent amount la the Ubli
cations required to be given by the purchaser g. tn
phS lint OF p,r he of ~ ~
| which credit Is to he allowed.
| The net revenues and earning1 OF the property nc
cruing between the date oil sale and the conveyance
possession 20 the purchaser or purchasers his or the
disposed OF IN pursuance OF the orders OF the Court
viii be appropriated and applied under direction o
assigns and, in The first place toward the paymcn
Plceble TO the payment and satisfaction OF the pas.
due interest the bonds OF the Virginia Central Rail
road Company, toward the payment OF any install
| nents OF Interest that may become due aud PAYABLE
between the date Of sale ard the transfer and convey
nnCe of the property to the purchaser In such order
| the tOuft may direct.
| For ~ much Of the purChaSp-nOney may be Rp
pCIble to the payment of the Ta due Interest tn
bonds secured by the mortgages or trust deeds
Uutpd by tho Chesapeake and Ohio Railroad COmpnul
| to Duncan and Calhoun and Calhoun aud Kitchen
respectively, In the ratio and proportion by said A.
cTets established credit Is to be allowed of twelve
years from dat" Of slle: but the undersigned viii r.
cuVe from the purchaser or purchasers, his thCi
representative or assigns, the nertd coupons OF TN
par value of the said coupons as Will be payable to tn
holders OF such coupons upon tho distribution Of tn
proceeds OF sale under the prortlrs OF lien. n by
| DEGREES settled aud determined.
| For 50 much OF tie puTChlsc-mgnCy as may be AZ
plcablr To ihc payment of the principal Of said last
mentioned bonds In the ratio and proportion 10y sU'
dUCTees established the purchaser purchasers his
their representatives or assigns, Will he allowed
IN respect OF each class of bonds tor period Of tim
| corresponding to the time which each class TtspeC
lively has yet to run before the maturity thereof
| That portion OF the purchase money which may bl
applicable to the Payment of the interest due AT tn
dale Of sale aud to the principal Of tho bonds unde
the said two deeds last above mentiUn In respect
which credit iBgiYen, or 50 much thereof may re-
| main outstanding and unprOvided for at the date u
decd of trust or mortgage executed to the tsnC
ton of the Court ranking next In priority after TIT
Hens to be created fUr the security of The deferred Jay
| nents hereinbefOrs mentioned which mortgage 0
| deed of trust must be for the common security q
buUd-hUders In said trust-nCcdS to Duncan aud Cal
| hnUu and to Calhoun and Kitchen IN the ratio ant
on the sums lr which credit is allowed ,,ioresG
| must I've paid sPmi-unuuRlly NJ the rate Of siS ~"
crnium per unnum at such time Ns the Cont nis
direct.
q,