National Republican., 1878-01-29

CnLSAPEAfE AND OHIO RAILROAD COM.
Rycl snS below GRRsl%r cR
xrspg 70 point on the Ohio RIVER - The Stgs s q
SitS;i fiEfSIfs $ y SsiosSs !;
BRiGdEs. and all otter risRs and privilege WRal.
SGff5 sTpiS * sse sad f2fmNT gslGi E6iT sSdS sS
MATERIALS, and other PROPERTY, real aud per.
sonal, a more particular description whereof Is
@ n under nd Se order "%% U 5 6p"E Sr "i %h
S pons sS s & dls 81 The By n piS Ss
e. S.y or ot NJ MRsGmonh Va for rea,Cns6ls s tine me
PRENisiss smSrScei in me % n,crisaSs 10 TIE board
Of Public Works of Virginia, executed ny the Viz
lie st tS %y Apf 80 Gn acuGns e Ssars sSs %I
legcs. and franchises embraced In said mortgage;
sad W I5ans%lsSs !ncI$dsS ana ,sg$Ssysa 4 snd
m Sd ,he .nd rsissd a t9 H. W. try William h n yirS Msea
SSw SYTs n Railroad CCmpS ssarins d,ss & on he q
rshtS privileges and ir%nshises incluSs. and con:
yorei IL and by the trustdced to John b. Young And
Riroad co@pany bearing date on % The stsGsSo Of Fs5
rnarE lscd; az and singular the premi,es right. and
Ard ,i by BY ihs tIi:iassS 70 Im,lS g SyE9Hn Esm
~ Sy The GSssspsaRe and SRo RSsd
bearing date the st day OF October lss; all and
chs Gds S%d PnG
executed 9y sad ChesaGeake & and & 3ho nlroad
b%Pas% bearing G date sih "n aSy Ja%nnry s
ss %a sHr % lnd ~ n
eIccn,sd Iy ad Ghes,aPeaEs and OHIO
Willam 4: Kitchen, bearing date on the Isl dHv or
charged OF and from the liens and incnmbrnnces Of
the said eral mortgages and deeds Of trust. and OF
moyisSses and Nee . and disearssd % Of aud from, rom ali
N dSera ss and G so the o
Sss hsr%n referred ,s To- e any such liens si 6s g.
ness otbe receiver ior The payment Of he arrears Si
taxes due TO the State OF Virginia u any of the said
crthctes shall remain mn nd at the time OF ale.
THE TERMS OF SALE WILL BE AS FOLLOWS:
The purchaser shal, pay on the day of siy or with:
ass a. hs on a s" No! @ % nS aa%
sa,e the sum Of two hundred lhousand dollars tfao;
IN lie meantime have applied out OF any earnings OF
the road atcn the day o sale to the Interest duo aud
SAME same may have been properly applied under lhs
plration % the said ninety days, he may Lave hand
be d, dlced from the amount so required TO . paid
equal to the balance Of tie Interest due aid accr'rsd
on the obligati9ns q the Virginia Central Railroad
mrnlionel Ms directed TO he made for the se urliy
r Re SmoSn y Whereof wi win ba smsicd mai y n.STS
as possible aud made known ut day OF sale credit
equal annual inSialments, with interest thereon at
Ilr RI OF six Der 'snium per annunI, payable semi
for the nrther OF four hundred and eighty.
seven lhousand, hve hundred and seventy-eght dol
pTincipal sum due under tile trustdeedto Young and
iowison and also the Erpcil al Of the seyerarsums
said deeIeesl and also or any additional sum which
may be Que on acsonn! oiany office claims IL the said
W. nae Ss %sSerSi"Sq @ S s nw as possible M aud made
N the Of SlG,OI, the art which repre-
RoSd s 'E cent and GTGi %s q nss Se
ct upon The residue Of said prn ip sums at the rate
OF six er cenluu per annunI payable scmi.Hnnually
fSr The further sum q one million eighteen thou
sau dollar tlOls,uvO) representing the principal
q r.
and Mncmrlnnd and Lyons, and under tue mortgage
to be allowed frC m the date OF sale until the st day
Of July lss7, with interest at the rate of six per cent?
the s'id several sums for which dit n1v- Stated
bonds WHEN NAV be snd a 6er@nanr Ta msntnpsS to .f
TO be secured by trust deed. eNccut, to the
sold, constituting inst lien thereon. to be executed
nnd delivered 70 trustee or trustees to be appointed
| CONVEYANCE of the premises tOthe purchaser.
fnc ~ trust deed snail y its terms ma ntain and
different classes OF bonds Of the said Virginia Central
Miiilroai H@mpang AppIoprlntc nmd convenient
& wSIG % SFSG n 70 s S ,s ss S shall Be
Iti 10 receive lie sne and i'V IN cS Of any dis fI
grySmrhIi az to lhs i,rm and ,cnor ther, q, the
Nppccn. To enable tho purchaser or pHrSdHseTs,
OF his their representatives assigns fEe or they
sid sSysTS sums IN rSsp = wc Syr"t Is 81 10 be bs
allowed, as aforesaid and 10 provide ior llc REIN.
burscmet OF sums paid In respect Of he ndeb cIness
| ofthe Virginia Central Iarnnd Company the scv.
they iney create and issue rom time to time, under
the said deed Of trust and 10 be- secured by The lien
be indor:ed with the csrSt" Of he trustee in s%d
deed 10 that effect bonds 10 such amount. not ex.
| cNs lug indcbelncss Of the Virginia Central l,iil-
md expenses, With Interest accrued aid to nccrue
thereon and tie amount which has bee a,certained
sina Tor arrears nnd " such demon nations
and tenor rs said purchaser or his personalities or
Tue said nOads TO he Cndur4ud hy the trustee,
when requested to the effect that they ured by
part OF the snid existing indie tedntSs Of tie Viry
central railroad Company. or of The said specific
previously paid on or upon the receipt by him of the
snirrnd, to llm ofan eguvnlen amount III the o6li.
gallons required To be given by the pu chaser ~ the
Company or that part Of tie purchase money for
VIII ch credit Is to be allowed
m" ct revenues aud earnings Of the property ac-
cruing between the date sal" and the CoIvfyumce II
prs 4Sion TO the purchaser or purchasers his their
Disposed Of In pursuance Of the orders of the Court
court % ~ r GeY% ra EGSe 54 % Ir Gron M @ Of
chaser or purchasers his their representatives. or
and discharge that part Of the puichasc-m0ney ap.
bllcrbr to The payment and satsnction oI the past
Iond Company, or toward the payment OF any install
nents Of Interest crest that may become dHe'nd payable
| the Court MAY direct
| For so much OF the purchas-money Us may be ap
plicable to the payment OF tue at due interest the
bonus secured Dy the mOIKagtn or trust deeds exc
| To Duncan and Calhoun aud Calhoun and Kitchen,
respectively In the ratio and proportion by said de.
Crres established credit Il TO be allowed of twelve
years from date of sale but the uIdersl lgued viii re.
ctiye rom the purchaser purchasers his or their
representatives assigns, the interest coupons OF the
said bonds In payment AT such rate per cenum OF Tho
par value of the said coupons will be payable TO the
o ssSh S1neGIs M upon iG GsioIon Of lhG
| DEGREES settled and determined,
| FOR 50 much OF the purChlse-mOuey may be Ap-
plcabc TO the payment of the prime pal Of said last
| slIl
docrees established the purchaser or purchasers his or
their representatives or assigns, Will he allowed n
credit fur such part thereof rs viii be due and payable
In respect OF each ass OF bonds for period Of time
corresponding TO the time which each class Ttspec-
| lively has yet to run before the maturity thereof
! Thai portion Of the purchase money which may he
applicable 10 tile Payment OF the ntrro due al the
date o sale and TO the incpal Of the bonds under
the said two deeds last Abovr mention In respect Of
which credit IA iven or 80 much thereof as MAY re-
main outstanding aud unproSided for Rt The date u
deed OF trust mortgage executed 10 the sat sfCs
ton OF the Court ranking next In pUrliy after the
liens TO be created for the security of he pay.
| mcnts herrinbetOre menti ned which muTt4Rgs or
Ond'hOlderS In said trust-uers to duncan AND Cal.
| huun and To Calhoun aud Kitchen IN the ratio and
proportion by sad deCrees established, aud inter II
on the sums for which credit Is allowed afoe said
| must he paid semiannually at the rat' Of SIX per
crninm per Hnnum at such time as tho Court may
| direct,
| h,irnl 10 pay aud satisfy all the liens above mem
TONED and prior - the Judgment liens the surplus
must he paid by Sa purchaser or purchasers h or
| their repTescn alive or assigns In cash,
tn" sale Is 10 br subject 10 the Ratification rrJec-
ton of the court amt oSSe sion Is not u be delivered
until The sale has been ratified by the cOuTt and u the
conditions the DEGREES have been complied with,
y Fls nj lin.