National Republican. (Washington City (D.C.)) 1872-1888, 1878-02-20

Commcrce No iioi Main Sir ct IN The city OF Rich.
a. es hour Sn Fl wsys On ths n RAS ri
UHEsKPEXKE AND OHIO RAfIR6Ab COM.
ssr an SsS% i;D s
VIRGINIA 70 polnt on the Ohio ltIyer 10 the state Of
ma; AssS!sb ,Sif!Ssf Th y
S SI FOR ExTENsiONs, bhANCHEs.
SSyiIpISds % IA S :sS HSTkiso , sSStR:
SSnIsnsS j. ,n Gysnory spj SSPor,. aSs X
pc.ins . sS ~ once y he ise.'ssf dc
beoss .hs saletGat 4 10 say, ali and singular ths
Of Public Works OF virginia, executed by the Viz
ginin q, Central ai,r9sd Gompany bearing date on
lege., and franchises embraced In said mortgage;
NIL and singular the premises. rights. privileges
pq ig'aatS f haS STEsS'
land and James Lyons, executed by said Virginia
day u jae ISL III Singular a ne G premise
@ &c h sna n 9Sipr 16 sna e s
Robert IIowison executed by said Virginia Cen,ra
ruary. is al and slnsisf he o PREMISE, right, and
priy,ieg.s and nnch,sss Included and eonyeEed In
B"ilef Duncan Dur William orton and Mathew Maa.
~ By the Chesapeake and Ohio RailroGd Company,
chses 3 dsss Il RnG @
eS%pssy P % fSo q csoa and a William Bsr
Duncan bearing date the 18th day OF January. 1876
and and sSnvcsd hnd ~ s
sI,sSsd by ad e and ohS
WILLIAM X Kitchen. bearing date on the LIST dav OF
All which will be sold as IN entirety, free and dis.
charged OF and from the liens and membranes OF
and from each every one Of said deeds OF trust or
mortgages, aud nee and discharged OF aud nom all
% sai DEGREES found and reciei except the liens Tor
taxes therein referred 20 q any such liens shai be Is
taxes due TO The State Of Virginia q Of the said
certificates shall remain I'M AID at the time OF sale.
THE TERMS OF SALE WILL BE AS FOLLOWS:
The purchaser shall pay on the day Of ssle or with.
days as the undersigned may esgnats on the day Of
sale, the sum OF two hundred thousand dollars tr,
q he meantime have applied out OF any earnings Of
the road after hs day OF sale to the interest due and
Railroad Company, 6r to such other purposes INC
same may have been properly applied under the
piratlon o. the said ninety days he may have ~ hand
s ~ o he 81 s rGa
For so much Of the purchase.money as shall be
equal to the brance OF The interest due and accrued
on tho obligations ~ the Virginia Central Railroad
mentioned. directed to he made for the security
thereof mt rs may be then unpaid and unprOvlded
as possible and made known Mt day OF sale crOllit
IS TO be allowed Of three years rom day Of sale in
tile rts Of six per Uentum per annunI payable semi
annually.
FOR the further sum OF four hundred and eighty.
seven thousand. 1--WE hundred and sevenyeight dol.
lars and ninety cents tsts7.1sa rep eienting the
1Iow!Son, and also the PRINCIPAL Of the several sums
found and stated to be due in the eighth paragraph Of
said deCrces) and also for any additional which
may be due on account orany ofthe claims ia the said
SHb e a.sm IS a r smJ sa aSs
known on day OF saie) with interest at The rate Of
s sEa SUM SS1 o d Ha rcpr
ents W trincpil o. ne eghl pr cent bonds OF the
est upon the residue OF said prin ip sums the rate
OF tx Ter ccnium per annuin, aytbe senannuaily.
sand dollars, IsOlscooJ representing the principal
outstanding under the truSt.deed mortgage to Try
to the hoard OF Public Works of Virgini credit Is
OF july @ Win ME at The S Tn, @ SIX 'r er r.
nm per annnn payable semtannuhly. Payment Of
Sma the % I sn% Of a
bonds which may be issued as hereinafter mentioned.
faction OF the Court on all and singular the premise,
sold constituting irt lien thereon to he executed
by the Court simultaneously withtie deivery Of lie
CONVEYANCE of the premises to the purchaser.
fine 81 d trust deed snail by Its TERMS maintain and
different classes OF bonds OF the said Virginia Central
sa nns S
Which srsd IS 70 Ss s shall Be
titled 10 receive the same; and in case OF any dis.
sSa e ia and aqs 81 s scnf
applcati4n. To enable The purchaser or pnrchaserS
"
shall desire 10 to anticipate payment Of the
said several Sums IN respect Of which crcdi, Is to be
bursemen Of sums paid IN respect ofihe Indebtedness
of tho Virginia Central Railroad Company the sew
they s AND s s o M eS S t ms nc
The said deed OF trust and 10 be secured BY the lien
be indorsed with the certificate Of the said
deed TO That effect bonds 70 such an amount not ex
ceeding IN the aggregate the aggregate amount of the
exs Ing Indebtedness OF the Virginia Central Rail.
road Company, and the amount OF such specific liens
s.,
thereon and the amount which Inns been nSccrtained
Rinn for arrears oftaxes and Of such dcn0mn
and tenor rs said purchaser or his personalities or
rhe said Oohds are to be endorsed by tie trustee
when requested to the effect that they secured by
part OF the said existing debtcin.ss Of the Virginia
Central Railroad Company. or Of the sad specific
previously paid OF. or upon the receipt by him Of the
par value thereof with accrued interest. or upon the
cations required to BE- given by the purchaser to tie
several creditors of the Virginia Central Railroad
company for that mrI OF tile purchase-money for
VIII eli CIsdit Is 10 he allowed.
The ret revenues aud earning OF tho property &C.
possession TO the purchaser purchasers his their
representatives or assigns, thai may not be Olherw e
disposed OF In pursuance of the orders of the Court,
win be appropriated aud applied under direction OF
the Court BY the Receiver for the benefit OF the pur-
assigns, and In tie irst place, toward the payment
and dscnarEe Of tina. par! of the APP
due interest on the bonds Of the Virginia Central Rail
fOhn company, or toward Tue payment OF any INSTALL
ments of Interest that may become due aud payable
between the date Of sale aud the transfer and convey
OF the property to the purchaser In such order rs
the Court may direct
For much OF the purchase money as may be ap-
plCable to the payment NJ the Ih,tdue Interest on the
CuIed by the Chesapeake aud Ohio Railroad Company
to duncan and Calhoun aud Calhoun and Kitchen,
respectively, IN the ratio and proportion by said de-
cree established credit Is to BE- allowed of twelve
from date Of sale but the undersigned will
ccive from the purchaser purchasers his their
representatives assigns the interest coupons the
In ar
par value of tie said coupons will hcpayUbe to the
holders of such coupons upon the distribution of the
proceeds OF sale under the rurtirs Of lien. by SAID
DEGREES settled and determined.
For much of the purchatc-mOncy as may be APP
picublp to the payment of the principal Of said last
mentioned bonds In the ratio and proportion by sad
DEGREES established the purchaser or purchasers his or
their representatives or assigns, Will he allowed
credit for such part thereof rs VIII he due and payable
IN respect OF each class OF bonds for period of time
corresponding to the time which each ClhSs !usppC-
lively has yet TO run before the maturity thereof
That portion Of the purchase money which may he
applicable to the payment Of the Interest due nj the
date OF sale and TO the incipa Of the bonds under
which crc'iit is wen. or much thereof MAY 70.
main outstanding and unprOYided for Mt the date Of
the conveyance TO the purchaser must b. secured by
u deed of trust or mortgage, executed 10 the sflC-
liens to be created fOrshe security of the deferred pay
ments herelnbelOre mCnti ned, which mortgage or
deed of trust must he for the common security OF
bondh In said trus-ueeds to duncan ana Cal
hOun and to Calhoun and Kitchen In the ratio and
proportion by sad DEGREES established aud interest
on the sums for which credit Is allowed aforesaid
must he paid stninnnllRlly At the ratr OF six per
centum per annum ut such time rs the Court may
direct.
If the premises should sell for a sum more than snE
HCiunt tI my and satisfy all the liens AuNO UIpn-