The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-27


Auction sAnsEs x,nsnrs gays:
sc. Daysppors q co.
Il Istoch f,rnlsera mi, Ascs.oneers,
once 400 M,,n1 street.-yirss National Bank
Isns,s,fi & As - ss5s5zz
~ = :. ... -
COMMISSIONERS SALEAT,AlklU-llCrTlOlNls
iSt5s
or TIiE slf.
EsApEAKE AND OHIO RAILROAD. ~
s - =. ~
&. --.---F- Is
Pursuant 10 q decree or The Circuit Court OF the
c.sy Of Richmond. Va. entered ON the 26ti day OF
ssrees m n me and Ohio RAILROAD
Company and others 70 q the
Wna, viroini, o,ta.yo - nm the 9Th ay of Decem-
btf Fl is7 IN tbe sais Of Duncan aud Calhoun
gany and Others also therein ae ~
degrees win sell At public ssstion TO the highest
bidder, at the rooms OF the Chamber O commerce ::
Main Y e SLY BAY Of
1873, the entire RAILRJAD OF THE sAID
PANY, extending and now In operation from a
point on the james river, below Richmond. In the
State Of virginia 10 point on ths Otio river, IN
FIR S1;HJSEs'' RiGHTs. and PRiVILEGEs. in
including its FRAECHiSES FOR EXTENSIONS,
RRINCHES. RRIUGES and all other rights and
nryeSes Wbatsoeyes to The said company belong
Ing. LANDS. BTIfIDINGs. MACHINERY. ROLL
ING STOCK. MATERIaI.S, and other PROPER-
nv real and nersonaJ more particua lar de.criptfon
WHEREOF Is Confirmed in the inventory ana reports
made fy file Receiver uuder the order Of the Court,
which Viii be onen for inspection by pers ons pro-
uosine to hid ut The once of The Receiver in the
city of Richmond. Va. for reasonable time
before The saIeIrbat is TO say. all and sim
gular the PREMISES EN- braced I'm the mort
gage to the Board of Public Works OF .yir-
ginia executed by the Virginia Central Railroad
Company, bearing date on the LIST day Of April,
1850, including the rights, privileges. ana iran
the ,aremises rants mriviIeoes md franchises in
GUIDED and conveyed in and BY The trqst-leed to H.
executed by SAID Virginia Central Railroad Com.
pany, bearing date on the I'd day of June 1854; all
and singular The premises, rights privileges. and
franchises included and conveyed In and by the
trgst-deed TO John B: Young and Robert Z. Howl,
son, executed. by SAID virginia Centra. halroao
Company; bearing date on the 6lh Gay or EsDruary;
1868; all and singular the premises, rights ana
M , ana 1lanchises hehae1 ana conyeysa ~
p,, oy t n rrs,-o tfi 10 f1o ~ Canoun,
t nutsr Duhc my Mlniain orion, an9 MS,lew F.
Di'lur! ny !ie , W t anu Or ..aroad Com
pnny, prarin9 edis w Wv 81 day of October, 1868
all and singular premises, rights, privileges, and
ut,st-deed executed BY said chesapeake and Ohio
Railroad Company to 'Philo G. Calhoun and Will
liam Butler DIncin, bearing date on the 18th day
ses rights privileges, aud franchites included and
conveyed In and by the trust deed executed by said
Philo G.. Calhoun and William X. Kitchen, bearing
date on the LIST day Of October, 1872.
charged of ami from the liens and incumbrances of
the said several mortgages and deeds OF trust and of
and from each and every one of said deeds of trust
or mortgages. and free and discharged of and from
nil and SINGULAR the liens OF every Kind and tescrp-
tion I'm said DEGREES found and reclted except the
liens for taxes therein referred to- if any such liens
llr l,nl, III, nfnc
of Indebtedness of the receiver for the payment of
the arrears of taxes due to the State of Virginia
sny of the said cert, 6cates shall remain unpaid at
The lime t 60 of sale. t'''' ''''
:,
THE TERMS OF SALE WILL BE AS FOLLOWS
within psmch Short limo thereafter not exceeding
ninety days as the undersigned may designate on the
nay " SUN o Och tmo av snO bicb Iho
Paoayar sl,oi In The meantime have anned ont If
Of the road after the TO the
at ;t duo ond ADORNED on thc ohiip.tous of the
IneIest uIG ILL SnurooS romnonv or to " snnS
ar,osas ne e same NAV lave been pronerlv
applied under inc oruers oi ,he Couit ahu any suts
when ar tie H "a re saia nine.y Gays ne
aS nsf tSa rad shall be he
so required to be PAID III cash.
For so much OF the purchase-money as shall oS
equal TO the balance OF the interest que ana
on the obhganonS OF the virginia GenIifl Rallroad
Company Ut the dale OF the trast,aeed herelhalier
mentioned as dlrecled 10 DC mage lor tle security
for the amount whtre0f VIII be eSllmateu as nearly
as possible and maze known at DAY OF sale) credit
equal annual insialments'with interest thereon ut
the rate of six per centum per annum, payable
semi-annuay 49,, 8 .ouu ,,,,,o,
thousand five hundred and sew cdty-clght dol
lars and ninety cents (S4S7,57S.9C) representing
The principal sum due un der the l-us-deed to Young
and HowisOn, and also the principal of the several
found and stated to be due In the eighth para
graph Of said decrsesl amy also for any additional
claims In said eighth paragraph mentioned ithe
amounts whereof will be asccr,ained as near
" as possible and made known day of
sae) a credit Is to be allowed of five years
from date of SALE With interest at the rate of eight
upon the sum Of 100000, the part thereof which
represents the principal of the eight per cent bonds
of the Virginia Central Railroad Company; and
with inter eat upon the residue of SAID principal
sums at the rate Of six per ccntum per annum pay
able conference.-the
s,nT dollars ri oOOI renresentfnv the princi-
nal outsianding under the trst-deed or mortgage
to Fry and mcfarland and Lyons, and under the
credit is Ia he allowed from the dale of sale unit
the ST day of July 1887 with interest ut the rate
of slS ner centuIn per annum, payable semi-an-
nuaIlv PAYMENT of the said several sums for which
nrd as above stated is to be allowed and The inter
est thereon. and of the bonds which may be issued
40 hereinafter mentioned is to be secured by trust
decd executed to the satisfaction of the Court on
ali and Singular the premises sold. constituting q
FIRST lien thereon to be executed and delivered to
trstne or trustees To no anpoined by the Court ST.
muIt.neopslv Win The delivery of lie conveyance
Of rhe PREMISES to the purchaser.
The said trust deed shall by Its terms. maintain and
preserve all existing prioritics of lien as between
The different classes Of bonds of the said Virginia
Central Railroad Company. Appropriate and con-
venicnt obligations representing The several sums In
respect to which credit Is 10 be given as aforesaid
shall be created issued and delivered to the several
creditors entitled TO receive the same and In case
of any dsagreemeuts rs to the form and tenor there
Of the same shall be settled and prescribed by the
courts on application. TO enable the purchaser or
purchasers or his or their representatives assigns
II he or they shall desire to DO So anticipate the
payment of the said several In respect Of which
credit Is to be allowed aforesaid, and TO provide
for the reimbursement OF paid In respect OF the