National Republican., 1878-01-23

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s!asss AN9 r1StF 6ss"diE REsIdHN !; EfAs
BIiIDoEs. and all oibrr riE,s and privileges what
isfG5 sSi%p s.s iYlRSEAe Ss!SGgEfiHs iSSRs
Sc sSSs;asa : l%ss"s.y ss5 made
@ posns a, Ss Ss oPs q the .css Pre-
he 10 sSy all iGass,i "ns Singular l% tRs
PREMist@s ~ embraced in the mortgage to the Board
The ist day orApri 1880 Including the rights ;prv
~ and singular the premIses rights, PRIVILEGES,
a. and A. ifnnchses ,n !nc9dsd and Sonyeyed ,n and
land and James Lyons. .scsn,ed Sy s,ii virsais
S'enral % Rallrosd Company bearing date on t6e y
rshts pryi,eges and franehI,es lpclpded and con;
r. @S ~ e SGh b m2as snS
Railroad Company bearing date on the OH dayof Feb
priyllssss, and franchses nciuded and Conveyed IN
and by The trust.deed TO Phllo G. Calhoun, William
bearing date on the list day OF October 1885, aii and
sn Il prSybsfs pnS bs S. sna
executed by said said Che,aPeake and Ohio Raliroad
Dunenn bearing date the 18th day Of January, 1870
snd aSeSe ns e asa % h
fasdesd Rs,roS eTscu,sd 6y sad Ghe.spcake and ono
WiilI6m <: Kitchen, bearing date on the Isl dav d
October, isIa.
charged Of and nom the liens and ineumbrances oi
the sad several mortgages and deeds OF trust and OF
al a asS
and singular tho liens OF every Kind and description
taxes therein referred To- any such liens shni be
tabshed and the lien for the certificates OF Indebted
iaSe, due 10 the State OF Virginia il any OF the said
certificates shall remain unpaid at the time OF sale.
THE TERMS OF SALE WILL BE AS FOLLOWS:
The purchaser shall pay the day Of SALE or with.
10 such short time thereafter not exceeding ninety
sale, the sum or two hundred thousand dollars ts5Do
900 In cash; but any sums which the Receiver shall
lie road afisr The day q sale 70 The interest," due and
accrued on the Obligations q the virginia Central
ss%S2, ss%S may SS, properly sp tie
praon III ninety as Rs m.y hsse S sd
alter laying the expenses Of Operating the road shall
For so much of the purchase money as shall be
on the obligations Of the Virginia Central Railroad
Comany at the date Of the trust.de eed Hereinafter
thereof and as may be then unpaid and unprovided
for, uhe amount whereof will be estimated iv nearly
rs possible and made known at day OF salel credit
to be allowed Of three years from day Of sale in
equal annual lnstallnents with Interest thereon nj
the rate OF six per tentun per annum, payable semi
annually.
FOR the further sum of four hundred and eighty
lars and ninety cents tsis7 ,ssO representing the
gTincipnl sum due under the rustieed to Young and
Howlson, and also the principal Of the several sums
found and stated to be due In the eighth paragraph OF
may be due on account ofany 6rtns claims ia the said
eighth paragraph mentionei. the amounts whereof
known on dSy or snlcJ Win Interest at he rate Of
eight her centnm Per annum payable seni-annufdly,
sets The principal OF lie eight ~ cent honts OF the
Virginia Central Railroad Company and with inter.
Of six Eer cenum per annun Iaynble semi.a
For lhe further sum Of one million eighteen thoii:
outstanding under Ihe trist-deed or morigpge 10 Fry
to The Board Of Public WORKS Of Yirsn"' credit Is
to be- allowed from the dnte of sale un the Isl day
the sd several sums for which credit ~ al6vD ted
bonds which may be issued as hercinaar mSnt oncd.
to be secured by trust decd executed to the
sold constituting first lien thereon be executed
IN Snd 6r ,t .sS @ ,S 9 be apon,Sd
convevunce OF the premises to the purchaser.
fne sa d trust deed snail by Its terms maintain and
en sOnds of The saG @ vESa TSS" Ssn,rai raj
S5SfS HS%%sS p % a
SSa SG sS % ds ss SysG S S sns be
titled to receive the same and in ease OF any dis
agreements as 70 the form and Tenor ther, o., the
application. To enable tie purchaser or purc6tseTs
or his or their representatives assigns fhe or they
said several sums IN respect Of which credit is TO be
nliowed as aforesaid, @nd TO provide Tor the rcnl
ofthe Virginia Central Railroad Company tile scv.
hay y craS % Sd S ne e sN @ % o m ehs" nS ne
the said deed Of trust and TO be secured by tho lien
be indosed with the certificate Of the trui.s in said
deed to that effect, bonds to such amount,
SS N Of Gs e WltS Wrs "G1T GsnPa Of R hc
road Company and the amount Of such specific liens
thereon and the amount which has been ascert aimed
70 be due 10 nnd derrctd IN avor of the state Of Yr
and tenor ns said purchaser or his representatives
assigns may determine.
rne Raid nohds nTe to be endorsed by the trustee
when requested, to the effect that they are secured by
ime en M ihere9f to ths extent and amount that any
Central Railroad Company, or OF the said specific
previously paid o or upon the receipt BY him of ths
par value thereof with accrued interest," or upon The
gons required to be given by the pGrchaser 70 The
several creditors of the Virsinia Central Itairoad
whch credit Is to DO allowed.
rhe ret revenues and earpIng5 Of the property nc:
crung between the date ol sale aud the Conveyance Of
possession tothe purchaser or purchasers his or their
reDrcSenatycs or assigns, that may not be otherwise
win be appropriated and applied under direction OF
tie Court by the Receiver for the benefit ni the pur-
chaser or purchasers his their representatives or
assigns, and, In the hrst place, toward the payment
do an dGcGHrEs y, & OF ,ha. nar 0 the a
due interest on ts bonds of the Virginia enlral Rail.
road Company, or toward the payment OF any INSTALL
menls of Interest that may become due aud pnyab .
between the date of sale and the transfer and convey
anCe OF the property To the purchaser in such order
the Court may direct,
For so much of the purchase-money may bs ap-
plicable to the payment OF The ast due interest the
cuted by the Chesapeake and Ohio Railroad Company
TO duncan and Calhoun and Calhoun and Kitchen,
respectively In the ratio and proportion by said de-
CTees established, credit Is to BE- allowed of twelve
years nom dat" OF sale but the Undersigned will
ceivc rom the purchaser or purchasers, his or their
representatives or assigns the Interest coupons the
said bonds IN payment at such rate per Cenum the
holders ol such coupons upon the distribution Of the
proceeds of sale under the priories of lien q, by said
DEGREES settled and determined
For so much Of the purchgsemOncy as may be ap-
pCltbp To tie payment or the principal Of said last
mentioned bonds In the ratio and proportion by sad
decTees established the purchaser purchasers his or
their representatives or assigns Will he allowed n
credit for such part thereof will be due and
IN respect Of each class OF bonds for lprDl of time
corresponding to tho time which each class respeC.
lively has yet run before the maturity thereof
Thst portion of the purchase money which may be
applicable TO the payment Of the Interest due pt the
date of sale and to the pinclpul OF the bonds under
the said two deeds last above mention In respect
which creit is wen or so much thereof may re-
main outstanding and unprOvdCd for al the dHIe Of
the conveyance TO the purchaser must be secured by
deed of trust or mortgage, executed to the satisflc
on OF tho Court ranking next in priority after the
menis her"inbciOra nlenti ned. which mortgage Sr
deed OF trust must Ge for the common security O
bOnd.nOdeTS In sud trust-urcds To Dunrau and Cul
hOun and TO Calhoun and Kitchen IN the ratio and