The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-14
ATr4yTI(SH SAEES Fsssurc. Asiiy
BY Davenport 81 Co.,
stock brokers md atctioneers.
once i fo4 Main stree, First national Bank
Binding. &
AUCTION

Ciiice LAua s1itit .. ia
lea.n.4n s%
ATE AT Auction
{ ,i 20 s
tsaEss OF THE s
-. -, {. ~, n1,rt, RsIIRoAD.
..s- q. So. p, s5q
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p,,r.,,,,, a. decree Of the Circui, Court of the
c,tr ~ p,rhmor,d. Va. entered on the Z6th day Of
DEGREES 81 DSnean and
ss5ee g ad I olrrs and 10 decree Of Circuit
Volt entered on The 18th day Of Deem
her. 1917. in the suit of Duncan and Calhoun trns
tees D. Ts apa the under
Signed. as speciai commissioner appointed by said
iecrecs will seI At public auction TO the highest
BIDDER IA rooms q II 1f e eity Of Rchmond at
ihe n,,r of 70 NJ. On the 2p DAY OF APRIL,
l 1s7S, ne ne entire IA nHia RAILROADS COM
PnNY e1tentiinrN and now in operation from
point on Inc james river, below Richpond; in The
the State Of West Virginia, together with MI its
M AsNTHIsEs. FIGHTS, and PRIVILEGES. in
iaeladlsg lts FKAhGEEssss IA f al other rsts and
rayijeses whatsoever to The said company belong
~. y ~ Nns e HTTTT nISrS MACHINERY ROLL
1 Iag L aiTnGK ~ aTERiSis and other PROPER
oi and nepsnnni more M rfIcular description
whereof is Contained in the inventory and reports
made by the Receiver unaer inc I ., o
when WIZ 1s Open fof oce of ,he Receiver in The
poslne W plI. ~ the ya ror reosonohie time
CITY OF hicnmon9s ya;s it t araii md sin.
DeioIe to ID sSa5ISEs embraced in tbs. mort
to the Board pa dhe Of
EIa,1 hea rtna date IN the / st day of Aprl
1850, including the rights, privileges, ana iran
fhe nremses fights nrvieses and franchises in-
cIdepd and conreve IN and nv The trIst-deed to H.
M L. IT,Iiiaro n hfacfar,ana and lanes LYONS
eSeGuiem ~ say t on ;h ID dnv az lime 1854 nil
and Singular the premises rights, privileges and
Irancl l ~ LUZ, % Wannr ona Pohart p Howl
rustaeea 20 16n ON s ID uia centra Railroad
Company bearing date on the 6n gay Oh rss aG
az m ul fnnshisas inclded and conveyed in
and by he irust-deed to Pho G. Calhoun William
Butier DIn me Mrnn nd H,,a RaiIroad Com
hiaury oy Inc any, I t t Of 0ctner 1S8a
panS, 5e1IIn oa,s o ti.S aos i,hts and
ll aiiu .au p LII oonrayad IN and nv the
aSs,ted bv said cbesaneake and Ohio
iruS-aeed eXecuIea =, py p s SaSom and VII
Itallroad company 10 dniIo a. S1no t 1 nth Nv
nam BULLET e1n. IA S al and eino1,iar tho nreIn
oa rsht nrvepes and fnuchises included and
lses, IIen!S, nu o $1,000 SS, eaid
c0nseyeo III anu ~ au % td &c. nonW ~ ,be said
ShsT r T,hnun and Wiiom K Kitchen bearing
I IN itiio -. ,f So' ~ To-, ~ octnhar 1870
date on me !sT gay Oh G free and dis
, al, ~ ,mh from Inc liens and "Reminiscences of
ha Ia eover morteases and deeds of trust and of
ar nnrtrases and free and discharged of and from
NJ, and singnar The liens of every Kind and descrip-
ton in said DEGREES found and reeited except ise
shall be established, and the lien for the certificates
Of indebtedness OF the receiver for the payment Of
te arrears OF taxes due to the State of Virginia f
any Of the said cerlGcates shall remain unpaid at
the time of sale.
THE TERMS OF SALE WILL BE AS FOLLOWS:
The purchaser shall nay on the day OF sale. or
within such Short time thereafter, not exceeding
day OF sale, the sum of two hundred thousand dol
lars is2OO,OOo) In cash but any sums which the
Of the road after the day Of to the
Interest due and accrued on the obligations of the
virginia Central Railroad Company, or to such
onnIied under the orders of the Court and any sums
which at the expiration Of the said ninety days he
H the rua shall be the
so required to be paid in cash.
For so much of the purchase-money as shall be
equal to the balance of the interest due ana accrued
on the obligations of the Virginia Central Railroad
Company at the date of the trust-deed hereinafter
s % , ~ '1 ,pnaiI and nnnrovde
for (he amount whereof will be estimated as nearly
as possible and made known ut day of salel credit
Is TO be allowed OF three years from DAY OF sale III
equal annual instruments, with interest thereon ~
the rate of six per centum per annum' payable
For the further sum of four hundred and eighty
seven thousand five hundred and SeVsnty-eight dol
lars and ninety cents tS4S7 ,57S.90l representing
the principal sum due under the truStdeed to Young
and Howson, and also the 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 be due on account OF any Of the
claims in said eighth paragraph mentioned (thc
amounts whereof Will be asccrtancd as near
| ly as possible and made known on day OF
sale). credit is to be allowed or five years
from date of sale with interest ut the rate OF eight
per centum per annnm. payable seml-annuaily,
upon the sum OF 81 6O,50O the part Thereon whlch
represents The principal OF the eight per cent Donds
Of the Virginia Central Railroad company; ana
with Interest upon the residue OF SAID prlRcipal
sums ut the rate Of six per centum per annum, pay
| able seml-annually.
sand dollars tsi OisOOoJ, representing the princ.-
pal outstanding under the trust-deed or. mortgage
to Fry and Mcfarland and Lyons, and under the
mortgage to the Board of Public Works of Virginia,
credit is to be allowed from the date of sale until
the 1st day of July 1887 with interest ut the rate
Of SIX per ccntum per annum, payable semi-an-
nualy. Payment of the said several sums for which
credit as 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
decd executed to the satisfaction Of the Court,
all and singular the premises sold. constituting 4
first lien thereon, to be executed and delivered to
trustee or trustees to be appointed by the Court ST.
simultaneously with The delivery of the conveyance
of the premises TO the purchaser.
The said trust deed shall, by It's terms maintain and
preserve all existing priorlcs Of lien as between
the different classes of bonds of the said Virginia
Central Railroad Company. Appropriate and con-
yenicnt obligations representing the several sums in
respect to which credit isto be given as aforesaid
shall be created, issued, and delivered to the several
creditors entitled to receive the same; and In case
of any diagreeents rs to the form and tenor there
Of the same shall be settled and prescribed by the
purchasers, his their representatives assigns
If he or they shall desire to DO TO anticipate the
payment OF the said several sums In respect Of which
credit is to he allowed as Aforesad and to provide
Indebtedness of the Virginia Central Railroad Com
pany The several specific liens and the expenses Of