National Republican., 1878-01-19

Meg nlsgR.s t2feilwsr Tih 81 IL y.
!S P$SS 5Ss SsSSi sgS %S
SyiEpiS% oS N$EiiSs g., sE9$K 4Tj az
SSaiansa il inS Inventory and report, made X
3 GS S S dgPs 81 IN, BY IA
be- ore the saict j. 10 say all and singular ,hg
Ss WCrRs S S s2eas y u %
ginia Central Wailroad company, bearing date on
esr and and anchises t Sc c%SrSSed in said m9rEass
all and singular the premise, rights, priyilesStI
b ins iris! deed 10 II. ". Fry, William T. Mace
Centra All RSroad % Company, % biSrrS = dsie on lie "a
dy Of June is'i; al and SINGULAR Tie premsSs, pref
yeYei II and 6y The tfust.deed 10 John D. Young and
Robert 4 IIowison executed by said Virginia Ceniral
rIary 1906 AZ and singular lhe prcMi;cs rights Hpd
rSySSS I've Tna 10 PbU e CaoSE Snn William
Butler Duncan. William 0rt2n, and Mathew y; Man'
bnns G Sta or hs it %y U Of UcSSpr ss ak and
singular the premises, rights. privileges and tran;
COMPANY % Piilo 9 caihog9 and william Butler ,I.,r
d nnd M and sss @ Tna g ~ s
ilsilroad Company to the said Philo e. Calhoun aud
XII which will lie sold as an entirety. free and dis
u" sald several mortgages and deed. Of trust, and Of
a O STSn Snd H sHsG S IS os Of and O.
aud gngunr thL Hens Of every kind and description
sS, d4nad HnG S Ssi s S sffi I ss s
abiishcd and the lien for the certificates OF indebted
@ s1ss q due f 10 S Il" Stale OF yrsna d any o. snd
CERTIFICATES shall ISInnn unrad at the time OF sale
THE TERMS OADhLE WILL DE AS FOLLOWS;
The purchaser shall pay the day Of sale or with.
In such short time thereafter nut exceeding ninety
days rs the undersigned may designate on the DAY OF
snIe. the of two hundred thousand dollars r9D,
DOJ IN cash but rny sums which the Receiver shall
ne road atser rSe day Of sale to The interest duo aud
accrued on the Obligations Of the Virginia Central
same iaay. have been properly applied under the
e & sa n.y Hm %hy y s h ,y w TaSc M nj hand
after laying heeNpensrS of operating the road. shall
be deducted irom the amount so required to Le uaid
FOR so much of the purchasemoney ns, shall be
on tho obligations Of the Virginia Central lilr0sd
Conn any at the date Of The lrut.dt e hereinafter
thereof and as may be then unpaid and unprnvided
possible aud made known at day Of salel credit
to he aoMei Of three wears rom day 9t satr ~
annually.
FOR the further sum of four hundred and eighty.
srvrn thousand. hvo hundred and seVenty-cgm dol
lnrs and niuety cents Osts7,isgJ, representing the
principal sum due under tue truSt-Icedto Young and
liowron, and also the IrnclIa Of NE several sums
s,tl duCr"esD and alsO Or any additional sum which
may be due on account ofany Of fthe claims ~ The said
eighth paragraph n'ntlOho :, ltle amounts whereof
will be rscerGlned marry as possible and made
known on day OF sae,) wih interest at the rntc of
SS G se s SSms o RSr S1 a la SSiS rpr
sentt he Principal Of he eight mr cent non,S of the
est upon the residue of said prn iln sums At the rate
sr SS @ gHT "nn% M @ oS aSnSle ;sanmTSS
sand dollars, tnl3huDl repre" entng the principal
to lhe bard Of PuIlic WORKS Of vlrann, creii! Is
OF july ISL with INT ut tie rate of six per cent
@ mm lrr nnnn,n payable Ssmnnmniy; a I,aEmsm %
Is 10 o allowed, and the !nrrrs h"rrgn anu OI the
i 10 hc secured by trust fced executed to tho
inriOn Of the Court, on all and singular the prcmte,
and delivered To trustee or iIusp,r he appointed
by the Court simultaneously with tho delivery OF tie
| cUnNevunCp OF the premises Ia the purchaser.
rnr sa trust deed sIslI ~ It's terms maintain aud
gTservr Il existing rriorilirs OF I'm IS 6,iwccn lhS
ln!irCal Company ApproprInt' and Convenient
obligations representing the several sums l re- pet Il
which credit r. to br given ntUrtsaid, shall lie ere
acd issued Hnl delivered to the several creditors Cn
agreements GS to the form aud lenor there 9, III,
same shall br Seit cd anl prescribed T tho courts, Ui
PP2iRR s or S '%@s % Sr Gc;
shall drslr- to do 50, To anticipate The payment OF t
allow l. rs afbreSnii hi TO provide cr The rr.m
"T' The VIrsIms IN S'i "ra mir"d % Sompa"y q Va c s
cral specific liens nnd llIr "Nonsr Of the cause. h O
the said decd OF trust. and 10 H.. secured by the rl
hereof Wien .md to tho eA,ant t4 H." ,alnH shnL
d. rd to that effect bonds tn sI'h amount, not cN
cs % r ~ ist % Of Il lie rm 'G U"mr :" RIi ali
road Company, aud the amount III such specific lien
~ Il "rcon Smi H." SmnWnr Which Eas o'r a.cSriaI9S'
To be due to ard dgy "d In inv9r Of he state "f Nlr
ginin tor arrcHIt OflaNes and of suc denomination
aud tenor said purchaser or hS prrSrnialIYe> O
n's'gns may determine.
rue gald DuHGs are TO be "ndnr~' by tie trustee
when requested, To the effect th.t they Ircd b!
Il lien thereof 10 ihc extent nla nmCuni That an!
part OF the said existing n,e1trlutas Ul IL" NirPlnl
tcntrM linilroad Company. or Of ihe, said specin
syy ; %S S on or UPON II, S T~P S by h HS IL
par value thereof with accrued inferred. upon III
re- %r % t" to- % m gv" Gy ih %rar m S t. o Il,
s'Vrrl creditors OF the Virginia Central Iu,iIruu
9E'@y 9iy r. Is '@SI S be PGI' dHsa S tn" +"
, rnc ret revenues nud cnrpIns Of the property uc
possession 10 the uur'a'rf or prchasers his or the
rcnre"cninltye- or :,'sn TINT may not l,e Glhrrw.
M be GPpr%pr%a Hai Ep@g1 m @ H%aSr Grr,,"n M S5G M
chaser purchaser, his or their representatives.
a.,,IGuS md, In the llr.r place, toward Ins pay me
prGle @ /" tic payScni via aud sWs'HeIon Of tie paS
due ulcrst on In bonds Of til" Virginia entral RAJ
road Company, or toward the payment OF any install
ment' Of Interest That may 9,cnmr due aud rwab!
hnre hc property To the pnrrlia'"r In such order
1 tile Court nmy direct.
Fprs 50 much of tho p'Irchus money a. may b. ap
pltHhhe to the payment "t TIE IA due interest on III
bonds SECURED by the murigng,l or trust deeds cN,
cutrI by the Chesapeake aud Ohio Railroad CpmpaU
to bumau anu Calhoun and Calhoun and ktlChcr
respectively In the raiin and proportion by said q,
wars nom dat" Of sale; hut the undersigned viii I,
COVE nom the purchaser purchasers, his thpi
representatives u,sins, the Interest coupons Of tn
said bonds In payment nj such rate per Ctnum Of III
holder, OF such coupons upon the distribution Of ll
proceeds Of sale uMurr the prUrrs of len by sal
dccTecS settlrd aud determined.
For so much Of tho purrhisc.nIOney as may he ~
pIcNbe To the payment Of the principal Of said nS
mentioned bonds Ia tE" rata hlIl pr portion by
dcUrecS established the puTChatrr purchasers, his
. thor representative OF rs 'si., Will bc allowed
credit for such part thereof rs VIII be due and pay abb
In respect OF cnrh ass OF bonds for period Of tim
corresponding To the time which each class spe,
| lively has yet Ia run before the maturity thereof.
That portion of the purchase. money which may b
applicable to the payment Of the Interest dur al IN
dale Of sale aud 10 tho principal Of ihw bonds undu
the aid tive deeds last abUvt Deutiun In respect
main outstanding and unpruNldpd Tor NJ the due
tie conveyance to III" purchaser must be secured b
decd of trust or murts ~" executed To the slsid
. ton OF the Court ranking next IN priority after III
ments hrrrinhrhIrH Dsrnit med, which mtItgngc u
deed OF trust must be tor the common security
bund.huldpTS IN said tTust-ucedS TO duncan and "a
| hOuu and to Calhoun aud Kitchen IN the ratio an
on the sums for which credit * Nllow" uS uiOrt sal
- must be paid srml-unnURlly at the rate Of six pt
. | c.ntum per Hnnum NJ such time rs the Court MA
4 | direct
y Ifthe premises III ,uId sell for a sum MOI than
| hCrul tn pay uul satisfy all III" liens Uh"Ye mel
toned and r.uT = the Judgment. l.rs the surplu
: must be paid by sad purchaser or purchasers, II I
U | their rrprvSrn alive OF assigns, IA rsslh
The ale Is to h" subject to the Ratification or rir
ton ui Tie court ami sion Is not to be- drliylr,
l. until the sule has been ratified by the court and AT ~
conditions Ot the duCrcys have been complied VII
- | including the giving pf the prOp"t indemnity to Ii
J, bluir,, whe her made ur incurred IN hi, uauC
IN the name Oi he company, nor until the court slut