National Republican. (Washington City (D.C.)) 1872-1888, 1878-02-13

RsrpSd Company .Gd oe sso nsr1 SsPe" q"
e the hlgc, bidder q The rom, q ,ie cnn%Gs i. O.
%$T5I II: S S$s sss I. ~ saP
q Of .s RysT SsiS Ss ,se q
Fos Efsl IhS
BRiIdEs and all other riEnis and priviiesss what.
iSSff Gs y asf fSSTf ;S
iRs receiver under he ordsr Of ihs eeuf, which
posing to SS lie o hSs y the fec!y.r lie
Ss me sais%tSs. 10 say, an "nG Singular lie
PlEMlsEs embraced in The liiGrtgate TO tue beard
rnia Central Fa,irosd tompany. bearing dale on
the LIST DAY o Apr,l. iso Including the rgts. prvi
all and Singular the premises, rights, prIyIes.s1
S sgq h. n ss o' IT, HHs William %sa
lnnd. and James Lyons, EXECUTED b. sd virginia
81 h.0 SG%psd s singular ds s on Ss nf
rights. privileges, and frunchscs included and con-
R6bsit h, iio%son execntsG by SAID vifsinia csri
Railroad COMPANY hearins date on the iidsyor Feb
privileges and franchIs,s included and conveyed in
B"lef duncan. Wiiiis4 r orion and Mathew J. MAN.
~ by the Chesapeake and OHIO Railroad Company;
ciips included and conveyed la and By the trus deed
SpSny ~ f sh eSan s ia William Basr
duncan bearing late on the 18Th day Of January S.
aud iranciiscs Included and conveyed IN md by Inc
Rsirosd company to q he said PiS {. Calhoun aud
william X: Kitchen bearing date on the LIST day OF
All which VIII he sold rs an entirety, free ami dis
chargcd OF aud from the liens and intnmbfanccs %
aud from each mud every one Of sll deeds Of trust
tfssrTtItlpu
n said DEGREES found and recitei except the lien. tor
iabilshe and the lien Tor the ccrn atcs ii indebted
ncss Of the receiver for the payment Of the arrears 2!
osrtincntcs shall remain mi aid at the time ofac
THE TERMS OF SALE WILL he AS FOLLOWS;
The purchase shall pay on the day Of .5" or Mn
days as the undersgpcd may designate OF the day OF
oGoI In cash: but my sums which lie Rec"iV6r shall
IN The meantime have applied out OF any earnings OF
accrued on the obis lions OF the VirgInIa Cent al
Railroad COMPANY, OF to such other purposes us The
orders the court. aud any sums Wirici nj the ex
ay i, W ne a%S G MY ave veal, s%d
be deducted from the amount 50 required to e Daid
Foe 80 much OF the purclias Q money us shall be
equal to tho balance Of The interest due and accrued
Com any at the date Of The trusted e ieic Ter
meniionef. rs directed 10 be InHic for the sc urty
thereof, MI may BE- then unpaid and unpruvdcI
for, the amount whereof " u be estimated s nsriy
= 10 be aiIoWei Of three Years rom dNv 81 sale in
eluNl annual InSinilmpns. with interest thereon nj
annuR ~.
For the n'rthcr sum OF four hundred and slightly.
lars and mlnety cents CAS-; sSiJ Cre escniing tle
principal sum due under the tr1stdcrito Young and
found and suited to be due il he shh Jar aa Of
said DEGREES and MISC Tor any aidtional Jun, which
eighth I4rgrnph menionei THE amounts wlerpi
Eno%e on GnY e "a |S Interest at GG nf
eight Per centnm per nnnum payable g ni'annially,
satI he rmcpSi Of he eigi ~ cent Somds Of he
Virginia Certra Railroad Company and with inter.
Of SIX Ter cemun per aunuiiI, raynble niRnnunlly
FOR The nrIiier rum q one milton cigntecn thol
outstanding under the irusdeed or mortgage 10 Try
10 lhc Board Of Public Works Of yrGn", creCil !,
TO be allowed q, m te date Of sale until The Is; dny
UNI per annun payable seninnnulliy. Payment Of
the saLd several sums for which credit as ahov, stated
II to lie allowed. aud the Interest thereon tie
bonds which may be issued hereinafter mentioned,
faction OF The Court on all and singular the premises
sold constituting iirst lien thereon, to be executed
by the Court simultaneously with the delivery oil the
conveyance of the premises 10 the purchaser.
fne 81 trust deed snail ly its terms maintain and
different classes OF bonds OF the said Virginia Central
TSsa ARS S sa HmS S Ta,prs It
MG q Gi Fy to e s % ere
titled 10 receive the same; and III case Of any dis
application. To enable the purchaser or purchasar4
shall desire do So to anticipate Tie payment OF The
said several sums ~ respect Of which credit Is to be
bgIsenenl Of sums pd Il respect o. The indebtedness
era specific Hens aud he cSpemses of The Cause. he or
they may create and issue from time TO time, under
thereof when and To the extent that the same shall
be indorsed with the certificate Of the trustee in said
ceedlng in the aggregate TIE aggregate amount Of the
v. "a ISM Ia liam
and expenses with interest accrued aid to accrue
To be due to and dcceed In of tie Sinte OF Vr
gtna TOR arrears OF taxes and Of such denominations
and tenor Us said purchaser or his representatives
assigns may determine
rne said oonds are to be endorsed by the trustee
the lien thereof to tie extent and amount that any
par, Of the said existing lndetedn,sS OF the Virginia
lens and expenses or arrears ortsxes shall have been
par thereon With ~ or upon on RS S
surrender to him OF an equivalent amount III the Obli
ssIe e TaS Of 9e s IA" II n
9mSamy i9r that par OF the purchase money for
rhe net revenues and esrnings Of the property ac
crung between the date OF sale and the conveyance Of
REPRESENTATIVES assigns thai may be Otherwise
disposed OF in pursuance OF the orders OF the Court
the Court By tie Receiver ior the benefit Of The pur.
assigns. and In the rst place t"waF the Sayme III
and discharge of that part of the pui APP
!S G C SS sa9 hs VrSn ct raj
road Company, or toward the payment OF any INSTALL
ments of Interest that may become due aud pay able
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 tho purchase money as may be ap-
plicnbe to the payment OF the patdue Interest the
bonds secured by the mortgages or trust deeds
cuied by the Chesapeake and Ohio Railroad Company
to Duncan and Calhoun and Calhoun and Kitchen
crees established, credit IL TO be allowed of twelve
years from date of sale; hut the undersigned will re-
crlve rom the purchaser or purchasers his their
representatives assigns the interest coupons OF the
said bonds IN payment at such rate per ctum Of the
par value OF tue said coupons ms Will he payable to the
holders OF such coupons upon the distribution Of the
proceeds OF sale under the prlOri,es of lien by
DEGREES settled and determined
For so much of the purchase money Ms may be an
pcable TO the payment of the principal Of stid last
mentioned bonds In the ratio and proportion by sand
DEGREES established the purchaser purchasers his
their representatives or assigns Will he allowed u
credit for such part thereof will he due and payable
In respect OF each ass OF bonds for period of time
lively has yet to run before the maturity thereof
That portion OF the purchase money which may be
applicable To the payment of the Interest due the
the said two eeds lt above. In respect u
which credit Is ven. much thereof may
main outstanding and unpTOvided for ut the diile Of
tbs conveyance 10 the purchaser must be secured by
deed OF trust or mortgage, executed 10 the SatisfC-
ton OF the Court ranking next In priority after tie
Hens to he created for the security OF The deferred pay
ments hereinbefOra mentiJncd, which mortgage or
deed OF trust must he for the common security Oi
bOnd-hOders IN said trustueeds 10 Duncan and Cad.