National Republican., 1878-01-10

GHisHPfxKE AND OHIO RAiInokb CON-,
pANG extending and now y 9peradion rom pSln, D,
g q s: s ss!Ss ss @
SIa9s AS@ rn1XFssb bSss.adPR ], tfAs
bRIDdEs and all other rights and privileges what
iHSYf5 lae sna GsS9fR S sStK
sonni, a mora, particaiar absorption whereof Is
SSnsnSS in hS and 5Sspo, made S
To,ns @ % asPs'9ph The N Pic
S ,as iSH ~" .Sy y all iIIS snd singular
I Pne WoIs or T4sn ~ M 9aea 'S By s 1e VT
Enis e. Central hSirPs1 SSmGHIny' Searns d9,e on
ieecs and franchises embraced in said m0riFse;
all and singular the premises rights, privileges,
sq fnPssiSs .'laaSS H. fry RRa ISHRESS'f
land, and James, Lyons, executed by said virginia
day Of June. 1854; ali and singular the premises,
We IL n nnd 81 ;hs eur To- Joh b. Young aud
Il1ler r. Howson executed by said Nirginia Central
ruary sej; MI and singular the premises, rights and
privileges, and irnnchlss included and conveyed in
Butler duncan, William orion, and Mathew i. Mnii.
~ by the ChesaPsake and Ohio Railroad Company,
HsSfr ssS f@f PnG b @
Company to Philo G. Calhoun and William Butler
and franSHiseS included and c9nveySd d and by ihc
RroSd company to y tEe said pho 8 Calhoun % E and
WILLIAM <. Kitchen, bearing date on the list dAy OF
All which will be sold an entirety, free and dis
he aid several mortgage. and deeds Of trust and Of
and from each and every one of said deeds Of trust or
and 81, ,ular the liens Of every Kind and description
in said aecrees found and reciie except the liens ior
S5hed and he lien Sr he "s Sc s q dGSs
sss o se 10 5esvsT e ,ns Ss Of e % ang s az ts
certificates shall remain unTad st the time of sale.
THE TERMS OF SALE WILL BE AS FOLLOWS;
The purchaser shall on the day OF sale, or with.
days as the undersigned may designate on the day OF
90 in cash but my sums which lie Receiver shall
y the meantime hes> applied out OF any earnings Of
accrued on the obligations Of the Virginia Central
nav TO psaSar sS Sher Ssdss s & he
orders OF the court. and any s'ns which at tho eH:
alter gayinF The expenses Of operating The road shall
be deducted nom the amount so required to lie pNd
For 50 much Of the purchase money as shall be
equal TO ihe balance Of the interest due and accrued
COMPANY at the date of the trus-de II hereinafter
thereof and as may be then unprid and unprovided
for, uhe amount whereof Will be estimated ~ nearly
Is TO be allowed Of three years from day OF saic in
equal annual insallments, with interest thereon nt
annually.
FOR the further sum OF four hundred aud eighty
lars and ninety cents Csis7 STss representing the
principal due under the trust-deedt to Young and
SSd and to dSe 10 lie % Of
sa ss e m Sns S a S . f1m ID inv which @
eighth paragraph mentioned, uhe amounts whereof
BE a Gs1 Cd nRF Rs al the %G rnis G o
eight pcr cSntnm per annum nun payable l&emiannnaly, &
Virginia enirai Railroad Company md Win inter.
est upon the residue OF said principal the rate
Of SIX Ler eenium per annum iaHbie scmi,annnrlly
dollars. mi
outstanding under the ifust-deed or mortgage to Fry
10 The hoard Of PuSlc WofEs Of VirginiS crc,it Is
to bc allowed om the date Of sale until the Is day
um per anIium, payable senlLanmutlIy. Puymrmt OF
the Sgid several sums for which credit Rs ahGyr stated
bonds which may he issued hereinafter mentioned.
faction OF the Court, ~ aud singular the prcmhe,
sold, constituting mt lienshcreUn to he executed
by the Court simultaneously with tho delivery of the
cOnvcVHnrc OF the premises TO the purchaser.
rne 50 trust deed snail y its terms ma mtan and
different classes of bonds Of the said Virginia Central
oSFan. Hn p .pera fml mS S SyeiS Tap 10
which credit I. TO bS given as aforesaid, shall be ere
tItltd To receive tho same" AMI IN casc Of any dis
asIS, m"n!i a, to ~ We %rln Mnd iTmor lherCo the
applica,i,n To- enable Tie pgrrnassr or gnIrtnscIs
shall dCsr, do so, 10 anticipate hc payment OF tile
SAID several sums ~ respect Of which credit Is TO BE-
bursermt OF sums paid in respect OF The Indebtedness
oftho Virginia Central Railroad Company, Tie s"v-
they may create and issue frOni me to tiue under
thereof when nnd to the extent that the same sln
be- ndor'd with the certificate Of the trustee IN raid
ceeding in tile aggregate tho aggregate amount Of tie
existing indebtedness Of tho Virginia Central Rail-
and expenses, with interest accrued aud to HC,ruc
thereon. nnd the amount which has been u CertHnod
Ia be due to and dpCre,d In favor OF Il Of Nir-
gnia tor arrears Of taxes and Of such denominations
and tenor @s said purchaser his representative or
| nshigls lItt Tnlue,
rnc said ooads are to be rndors, d by tie trustee
o M'h pn sFcS 10 lie s ST ehc nn i i II nj % ny
part of the said existing iRGebtrdnsSs uf the Nisiula
cS aud SG Sxp p rea SrtSxe OF az nS & III nnyP ySS SrG
previously paid OIL or upon the receipt by him of the
surrender to hIm OF nn equivalent aHoant IL IA" Ob
cations rsluirrd to b. Evrn BY the gutrhsII T. the
vii ch credit is to be allowed.
file ret revenues and pgTnlnCG OF the PROPERTY nc
crulng between The date sale and the ivryca Of
possrSion TO the purcneror or purchasers; Ills or her
fenrcseuiuiyes or assign thai LIaY not hr uthrrNi e
disposed o. in rnrsunncc OF the orders OF the court
lie SS Ey a cT"r Sr ~ the 6qn % 4" Sn Hs ar -.
chaser or hrchnsr. his or th,'r representatives or
aud discharge ofthat pur Of the puIcNasl-mancy aI
Ile TO- ne be phSGmi, Ply G, 1 S SHT@oT :" imr init
road Company or toward the pttlnrml Of any install
tetwrcn the dstr Of s,le aid the irnScr AID t"S~v
ante of The property 10 the purchaser In such order Ns
| the Court may direct.
For 10 much Of the rurchasa.rnouey a3 may b, ap-
pchle to the payment oi tie Is't due Interest the
bonds secured by the morlFng's or trust deeds exc
Cuted by the Chesapeake aud Ohio Railroad Company
| to duncan and Calhoun and Calhoun aud Kitchen
respectively, la the ratio and proportion by said do
Crcts established, credit Is to be- allowed Of twelve
years nom dat" OF sale; but the undersigned Will re
cHve from he purchaser or purchasers his their
Ssgus the mtcrt coupons OF the
said bonds IN payment al such rate per ccntun UG the
par value of the said coupons its Will be payable the
holders of HuCh coupons upon the dist srihutiUn the
proceeds OF sale under the pTiutits Of lien by SAID
DEGREES seiilt d aud determined.
For 50 much Of III purchnSe-money US may he up
pllcnhlr To the payment Of the principal Of said last
mciti0nCl bonds In the ratio and proportion by sId
deCrpts CSablisl" The purchaser or pure hAscr Ills
credit for such part thereof viii he due and payable
In respect Of cdra az OF bonds fer CriOl of time
cone pOmdiEg tot the time which cach class r,spcC.
lively has yet trrun fore the maturity thereof
That portion OF the purch lse money which may be
pllcHbe 10 tic Payment VI the lntcIet GIv at the
date Of sale and to tho ~ ncipa Uf tho rumds under
The sad two deeds last nbOVp.mentOn IN respect Uf
which Gre lit H. Nen. or much thereof niry
main outstanding and unprnNdrd for Ut the dRlc ut
thl Conveyance 10 the purchaser, must he secured by
deed Of trust or mortgage, executed To the siisftc
ron Oi the Court milking next in priority after the
liens to lie created for the security Ot The pay
nIrnts hrIrinb-fOTe mentioned, which MOI tgaar or
deed of trust must be Tor the common security uI
bond holders In sid trust-Ipp,ls TO Duncan and Cal
hOun and 10 Calhoun and Kitchen IN the ratio and
on the fr which credit Is allowed as nfOTcsaId
must be paid srnraununlly ut the rate OF six per
crntunl per nnnum nj such imo us tho COurl may
direct
Ifthe premise III .uld sell for sum mole than slE
hdcnt 10 pay und Sailsy all the liens above mem
toned and IrDr T. tic ludsmsntliens the surplus
must he paid by Sad purchaser purchasers, h or
their REPRESENTATIVES, or signs, In cash.
The ale /, to b" subject 10 the ratification r. rc
ton Ot the count ami s!on IL not tu be- delivered
until the sale has hcpn ratified by the court and nll the
conditions Of the drCreri have been complied with
including the giving OF the proper indemnity to he
Re,y,r aS 10 all lis then * ny cI InTIs mud iin
Al hal ID Ina Ia Ii