Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1878-01-04

NOMMISSIONER'S SALE OF LEASE
~ HOLD ESTATE IN VALUABLE
PhOP Pursuant to a decree of the Cir
cult Court ofBath County in the Chancery cause
of The Loowmoor Iron Company vs.. The
Panther Gap Iron Company, we will, on
SATURDAY, JANUARY 2eth, 1873,
in front of the store of Go ,ch & Co., at Millboro
Depot, Bath County, Va. expose to SALE by
public auction. to the highest bidder, the Lease
hold Estate of tho Panther Gap Iron Company
in twelve adjacent tracts Of land situated at and
near Panther Gap. partly in Eath county and
partly in Roekbridge county, Va, and coz
tanning in tho aggregate about 10, GOO acres.
The lands are heavily tmbered, and are said
to contain large deposits OF valuable iron ore.
The improvements consist of a charcoal furnace,
erected about four years ago, and all OF the
necessary and usual buildings and appointments
for operating furnace. making pig iron, &c.
The furnace and buildings are comparatively
new. and were erected by the Panther Gap iron
Company.
The estate that we propose to sell consists OF
the perpetual privilege of using the said lands
for the parpose of erecting and operating fur
mace, including the privilege OF erecting and
using all buildings necessary for carrying on
the furnace operations; the use of water power
to prope, the machinery and for all necessary
purposes of tic 9 furnace; the right to mine ane
take from said lands sufficiency of iron ore and
limestone for the use of the furnace, and to get
and use all the timber necessary for the use OF
the mines and the exclusive right to make char
coal for smelling iron ores from timber suitable
for that purpose GA said lands, it being under
stood that no timber suitable for lumber is to
be used in making charcoal. About one-hal
of said lands are encountered by three deeds OF
trust execu ted for the purpose OF secnring
$4,000, each. The privileges OF the Panther
Gap Iron Company will be sold subject to the
prior rights OF the persons secured By the SAID
deeds.
TERMS OF SALE Cash in hand sufficient
to pay the costs of the suit and the expenses OF
the sale, and as to the residue upon d credit of
6, l9 and 20 months in equal instalments, pur-
chagers executing bonds, with approved person
al security bearing interest from date, ana
waving the homestead exemption.
CHARLES GRATTAN,
RICHARD P. BELL,
ROBERT l.. PARRISH
dec2s-4t Commissioners.
[By E. M. Cushing & Son, Auctioneers
Y1RUSTEES' SAIE-B, virtue Of a deed of
trust executed or the LIST day Of June,
1875, by Geo r. Griggs and wife TO US, as
Trustees Of the Yonng Mems Building Asso-
cation and recorded in the Clerk s office OF the
Hastings Court, we shall proceed to sell on the
premises, to the highest bidder on
SATURDA Y the 5tb day Of January, 1873,
a certain lot of land in the County of Augusta,
living Oh the west side Of the Greenvllle Road,
about half mile from the City of Staunton,
and xnownas the Griggs Property, upon which
there is comfortable Two Story Brick Dwell
ing and Frame Store House.
TERMS: So much cash as will defray tie cost
of sale with the debt due the said Association,
and the residue in six twelve and eighteen
months, purchaser giving bonds with ap-
proved security and title retained as ultimate
| security.
P.sH. TROUT,
F.B. BERKELEY,
G. L. WELLER,a
I der 144t Trustees.
| The above sale is postponed to
| SATURDAY, JANUARY 26th.
P. H TROUT,
+. B. BERKELEY,
G. l.. WELLER,
| land At Trustees,