National Republican., 1878-04-03

ing, the undcr.s.ed ss special comm@ts,loner @ ,ap
e De SgSe:. Saa.f y sss Iosn, q q. Ssa%SsfS
S#S SafS $SiinSaB 5Sa
he Rye sPs p s
&s: pIss e " VIII Sss fsSi L
ANh n Ssnd'pEHR x EHs
BitiDdEs. and all stser RI risSis and privileges what
SsYfJ K s srd GsSrEFs srStT
MxFERfHis, and % o,hef fR6PERrY FIJI real snd 2 per
son,l, q more 20 par,oniar description whereof Is
ieaeT under Ss order a q court Witch
posing i S a, Ss @ ONCE y the y 2ecsses S
BE- Orc % tbe snsa 10 sS S rnS snOI re ne
Of Public Works OF Virginia, executed by the VIZ
hs Is, % d%S kSf % 10 iasuins the s tsE,s -s prS
ieyses, and franchises embraced in ,aid mortgage;
sT sTa h. ocacS o n fIy ssa %ss adss and
SsS n JaSs on ~ ssGs Sssr das e on f "a
nsht, privileges. and franchses included AMI con:
ycyed in and by the trustdced to John H. Young and
Railroad besTns dats on sa he s an Of Fs
ruary 1885, all aud singular the premises rights and
and by ihe trsi;deed 70 rhilo {. eGlhcyn. william
Sy a% and S NR% Ss@
besring date on the ist day OF October iss all and
chs sS aud oenvayea snG BY lie @
executed bv said Che.apenke aud Ohio Railroad
Duncan bearing date on The i5th day OF January s't
and al and singular the premises, rights, privileges
trust. deed executed by sad CHESAPEAKE and Ohio
tniiroad Company to the said Philo q, Calhoun and
william X Kitchen, bearing date on the ist dav OF
charged OF aud from the liens and intumbrnnces OF
the sad several mortgages and deeds OF trust and OF
mortsnxes. and nee aud disciinrged OF and from Mi
and snsuisr ths lien, OF every Kind and description
Ssfs rrsd Coz saes ss sa 90
tablshed, and the lien for the certificates OF Indebted
taxes due 10 he State oP vTsna Il any or he .aa
csrtfcaes shall remain unpaid at the time OF sale.
THE TERMS OF SALE WILL DE AS FOLLOWS;
The purchaser shu,l pay the day OF snlc, win.
IN such short time thereafter not exceeding ninety
Gays At the % nay dssI Nn %ohs ins dsy 9i
o0ol In cash but gny sums which the Receiyar shnl!
eaa ssn he Sss q 20 hs o and
accrued on the obligations Of the virginia Centrnl
may Rss to sSp
orders OF the court, aud any sums WHICH nj tho ey.
ser rayins The OF Operating the road shall
be deducted from the amount so required to ,e pad
FOR so much Of the purchase money as shall be
OF Tic Obligations Of the Virginia Central Railroad
ComIany ut the date OF the trust-deei hereinafter
ihsTroi, anil rs may b. then unpaid and unprovh!ea
ior, uhc nmoun, whereof will be estimated rs nearly
is TO be allowed Of three years from day OF sale in
equal annual instalnents. with interest thereon ut
til" rrts of six Der centum per Rinum, payable semi
annually
FOR the further sum of fpur hundred and eighty
seven thousand, live hundred aud seventy-eight dol
lars and ninety cents lSts,5snl. Irepesenting the
principal sum due under the Irustheedt to Young and
llowson aud also tue prilcil al OF the several Suns
found and stated be due In The eighth PAR graph o
may be due aecount ofany 6rlne claims ii the SAID
eighth paragraph nIcnliOnel. the amounts wer oi
g BE S ar % T W s. rs al s EI @ %S
eight ber csn,nn per nnnnm paynbl. semi,H,2nlly,
sents Ne principal o. he eight y, cent bonds OF the
virginia Central Railroad Company and win inter
OF SIX per senuLn pcr annnm payaDie essmi,annlNly %
nnS s ss q fspresontr 1s fs's n. 's
outstanding under The tr,St-deed or mortgage To FRY
% 10 he Bas o FnSe Work. % Of s WTsn ins re e
to be allowed from the date Of sale unl the Isl day
!he said several sum. for which credit a. a6vs slated
Is To he allowed, and the Interest thereon, ana Ol the
bonds which may be ss,ie As hereinafter nlentoned.
fciion Of lhe Court 90 ai and singular lie premise,
sold constituting iirSt lien thereon to be execG
by the Court simultaneously with the delivery OF the
CONVEYANCE Of the premises tothe purchaser.
preserve Yi existing priortiSs oi lien rs between The
different clnsses OF bonds Of the said Virginia Central
,e,SPtnf ,s ,s as c
Will which ,s srsd' Is 70 & Gs given a. as Slorss shall 6s ere
Titled TO receive the same: and IN case OF any dis
IA as 70 s rs FORM ans rmor nc hsreS the
application. To enable the purchaser or purchasers
shall desire 10 ddso 10 anticipate The payment Of ihs
said several sms ~ respect OF which credit is TO be
bursement OF sums paid in respect the Indebtedness
Orthe Virginia Central Railroad Company the sev.
ihcy may create and issue, rom time 10 time, undsI
s 1 iced Of trust u and to be secured by the licG
6c lnior;,L with the certificate OF the trustee in said
ceeding in the nUgrrgue the aggregate amount 0f the
eSs lug Indebtedness OF the Virginia Central Rail
and exIeiIs, 8, with Interest accrued and 10 accrue
!Lfr"Sn an lthe amount which has b, a,cergimed
g'na Tor arrears OF taxes and Of such denominations
ana tenor az said purchaser or his representatives
rne said oonds are to be endorsed by the trustee
when requested. To the effect that they ARE secured by
tie lien thereof to the extent and amou unl that any
part Of The Snid existing inde1tcn,ss Of the ViHina
cns and S%y or Of 81 S snS s Snx Sf
previously paid of or upon the receipt by him Ur the
surrender to him OF an equivalent amount II the obi
cations required to BE- given by the purchaser u IIt
Company Tor that rart of tho purchase money IoI
which credit Is to DO allowed.
rhc ct revenues aud ci.rnIngI of the property nc.
possession to the purcarer or purchasers, his the
fepresenlaycs asAgns thai may not Gr otlerwi i,e
disposed OF In pursuance of the orders OF the Court
win be appropriated and Applied under direction 0i
chaser purchasers, his thCr representative OF
Sssgns and In he frs! nlaGe a., toward the aymel
sPSs 70 Gs n P T"n %ad m sHsSS Of The
rond 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 nnd convey
anCe OF tue property TO the purchaser IN such order
the Court may direct.
For 80 much OF the purchase-money as may b ap-
plcaie to the payment Oi the ra due interest on tie
bonds secured by the mortgages or trust deeds exc
Cued by the Chesapeake and OHIO Railroad Company
TO Duncan and Calhoun and Calhoun and Kitchen
respectively, in the ratio and proportion by said il,
Crees established, credit Il to he allowed of twelve
years nom dat. Of safe; but the undersigned win re-
ceive rom the purchaser or purchasers, his or their
representatives una nj bg
said bonds In payment NJ such rate crnlnm OF the
par value OF tie said coupons rs Will he payable the
holders ol such coupons upon the dsuihuon of The
proceeds OF sale under the prOrlrs OF lien u, BY said
DEGREES settled and determined.
For 81 much Of the purchI.se-mOnry M may he ap.
plcable to the payment OF the principal uf said last.
decrees established the purchaser or purchasers his Ur
their representatives or assigns, Will he allowed
credit for such pnrt thereof RS VIII be due and payable
IN respect Of each ass OF bonds for prrlui of time
corresponding To the time which each class TpspeC.
lively has yet lOrun before the maturity Thereof.
That portion of thu purchase. money which may be
applicable 10 the Payment OF the Interest due at the
date OF sale aud 10 the incipal Of the bonds under
which credit is Nen, or 81 much thereof nny re-
main outstanding and npIuSidpd for nj the tlID uf
the convey ance to the purchaser, must be- secured by
deed Ol trust or mnrghK" executed 10 the sat lsfc-
liens 10 he created for the" vO The deferred pay.
ments herrnbefUra mcnIl Il, which mortgage or
deed Of trust must he tor llc common security Oi
bond-hOldors IN id truSi-"rdS to Duncan and Cal.
hOun and lu Calhoun and knchcn IN the ratio and
proportion by siId DEGREES established, aud inter st
on the sums hT which credit n allowed as Aforesaid
centum per annum ut such time as the Court nay
direct.
II the premise, should sell for sum mol than #
iici"ni To pay aud satisfy all the liens above mem