National Republican. (Washington City (D.C.)) 1872-1888, 1878-03-22
THE NATIONAL REPUBLICAN, FRIDAY

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ss s%s q On% oho
sa as S SPECIAL a'S SSafn %sPoap
poipted BY sald decree viii sen AZ public auction
commerce, No IIOi Main street, IN The city OF Ric
h Ss e q III r PHE
SiitESAPEAKE AND OHIO RAILROAD COM.
he James Riyer below Hoh 'tS tie ISo
xirgnia to point on the Ohio River, 70 the stue Of
b,SisIsfi Th 8 ssSch
aof all JssT TSss RANc Mhs
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IN un s Ike and 4 Sss sSa %n *
S es S S G.. Gsss ~ Inc By IN P
S,.y o, RicbHond, Va: for resso6able tune
emsrased s1 Scrsa seD s9 as Bqs ard
O. Public Works Of Virginia, executed BY the VIZ
as H1tGsa Gny the s'F sE s? S, Sp
ieges and franchisss e.ngraced In said m9risase;
& W. ,as '.:'ssa s%S %ss.
S sp ~ Railroad compGny 6Snr5s date A., on he d
rights, privileges and franchses incudcd and con.
we've in and BY the trusdeed to John b. Young and
Company, bcarns date on The iisdaS Of Feb
ranrE Ise al and SINGULAR ihe pTemi,es rights and
And n by Ihs irT5s'asGd to Pho SSIn9Sn WI.m
and 6So RafSaa MaS
bearing date on the Ist day OF October isIs; ak and
ch Included snd sh SnG bs i6s qnS Is
executed by said Chesapeake and OHIO Railroad
Duncan bearing date on he i5h day OF January, ise
ana S rnS S1 ss s Pnd sss pry ~
iTns,aesd eSscued By said Unesspeake and ohl9
William 4: Kitchen, bearing date on the Ist daY Of
Ali which will he sold as an entirety, free and dis.
charged Of and from the liens and hlt,imbranccs OF
Tie SAID several MORTGAGES end deeds Of trust aud Of
and az ss n and Sn ESa Of d G 9 q"
IN snd dSe%ecs found and rseef escsp ' the e for
e sn r %9S fh sss 81 Tl Ss s
taxes due 10 The State Of Virginia il any Of the said
certificates shall remnn uni AID at the time Of sae.
THE TERMS OF SALE WILL BE As FOLLOWS;
The purchaser shall pay on tile day Of SALE with.
n such short time Thereafter not exceeding ninety
sair, the Of two hundred thousand dollars (,aO,.
II s s Thny ye applied oa OF ore any
sc TSaH , ~ The Sny 81 sale to he p,SrSs due d
@ %s e 70 such Hf%s
zane mny, have been properly applied under the
piration Of The said ninety days he may havsi hand
after Ssying ihs expenses Of operating the road shall
in cash.
on the obligations Of the Virginia Central Railroad
mentioned, us directed 10 he made Er the seSnriiy
thereof and as may be then unpaid and unprOvlded
as possible and made known nj day OF snc) credit
equal annual nsnnens e Viii mer T erD an
the rat, OF six per tenium per annun, payable semi
for the further sum OF four hundred aud eighty
seven thousand, five hundred nnd seventy-eght dol
principal sum due under the rust-deedto Young and
liowson, and also the rncil al Of the several sums
said decreesJ and also for any additional sum which
may be due on account ofany 0fthe claims III the said
VIII be hscersained US nearly rs possible aud made
upon the sum Of siorci the rart repre-,
,s SS "G S % P ns Ge
est upon he residue OF said prnI il sums At the
For lie further sum Of one million eighteen thoi:
onsSdms uHdSr he ius,decd or ors T ' 10 rH
S 20 ny naT IF m BIS W and pSr e mortgage
10 be allowed from the date Of yale until the Isl dty
OF July l with interest at the rate Of nix per cpn-
lie sld Se""r pans for Which era d, a sSn M %
TO to allowed, and the interest thereon ana o. the
bonds which may be Issued rs hereinafter mentioned
10 be secured by trst.dced executed to the salts.
sold constituting inst lien therein to be rxecWtci
nnd delivered 20 trustee or trustees to hc appointed
.convevance of the PREMISES to the purchaser
fine sad trust deed SNAIL by Its terms maintain and
different Glasses Of 6omds Of the sd Virginia central
haroai COMPANY; appropriate mud convenient
which credit & % bs given aforesaid, shall Re
a,ed Issued and delivered to the several creditors en-
Tilted 10 receive the same: and III case Of any dis
agreements as to the iIrn and tenor ther' o., tho
application. To enable the purchaser or purchaser,
0r RS o. lherrepres.tntiye, or assigns. fhe they
said several sums H rSp y w he tyr 81 10 be
allowed, as aforesaid 2n1 10 provide Tor the REIN.
Ofthe Virginia Central itar6ad Company The soy.
Trey I and @ If tia sR n u me or
the said deed of trust and To be secured by the lien
be indorsed with the certificate OF The trustee in said
deed TO that effect bonds 10 such amount. not
eSs MS indebteaness OF tho Virginia Cenral Rail.
and expenses, with Interest accrued and to accrue
thereon, and the amount which has been ascertnined
sna Tor arrears OF taxes, and Of such demon nations
and tenor as sad purchaser or his representatives
rHe said goods are to be endorsed by the trustee
when requested to the effect that they secured by
part Of the said existing Indebtedness OF the Virginia
90 OF az h sa iG sPf Saes
ySe psa en- w 9 upon s TsssP BY him Of Tie
Surrender to him of an equivalent amount The obi.
cations required to be given BY the purchaser 70 tho
which credit is 10 be allowed. '''''' W.
fhe ret revenues aud earnlngn OF the property nc
cruing between the date and the conveyance Of
possession to the purchaser purchasers his or their
disposed OF In pursuance of the orders OF the Court
e S a sa S M Se s%Sr ~ b Of
chaser or nfchasers his Or their Representatives
and dschSrSe Of that part Of lie G aP
pcable the payment and satisfaction OF the hast
due Interest on the bonds OF the Virginia Central ku-
road Company or toward the payment OF any install
ments Of Interest that may become due and payable
between the date of sale aud the transfer aud convey
of the property 10 the purchaser In such order as
the Court niny direct,
For so much of the purchase. m oney as may BE- sp-
pcibe to The payment ofthe past due Interest
bonds secured by the mortgages trust d4tI exc
CuIcd by the Chesapeake and Ohio Railroad COMPANY
to Duncan and Calhoun and Calhoun and Kitchen
respectively In the ratio and proportion by said de-
crees established, credit IL 10 bs allowed of twelve
rom dat. of sale but the undersigned will
ceive nom the purchaser or purchasers bis or their
representatives assgns the interest coupons OF the
said bonds IN payment at such rate per Ccntm VI the
par value OF tie said coupons hs Will bepayabe to the
holders OF such coupons upon the distribution of tho
proceeds OF sale under the priOries OF lien as by said
decree' settled nndSlecrmncd.
For much Of the purchase money may be ap-
plicaba to the payment Of the principal OF said last
mentioned bonds In the ratio and proportion BY said
DEGREES established the purchaser pr his or
their representatives or assigns, Will he allowed a
credit for such part thereof as will h. due and payable
In respect OF each class OF bonds for period of time
corresponding to the time which each class Tespec-
lively has yet TO run before the maturity thereof
That portion Of the purchase. money which may be
applicable TO the payment of the Interest due at the
date OF sale and 10 the principal of the bonds under
the said two deeds last above mention in respect Of
which cre'it 10 given or so much thereof MAY re-
main outstanding and unprOvldcd for at the date VI
the conveyance TO the purchaser must BE- secured by
deed OF trust OF mortgage, executed to the sasaC-
liens be created for the security OF The deferred nay
ments hereinbefore mentioned which mortgage or
deed Of trust must be for the common security OF
bond-hOlders In said trst-aeeds to duncan and Cal
proportion by SAID DEGREES established aud Interest
on The sums which credit II allowed as Aforesaid
must be paid semi.RnnuAlly At the ratio OF sig per
centum per annum ~ such time as the Court may