The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-09
LEGAL.
Trustees Sale.


AJHEREAs, The Rock Island Glass Company,
w corporation existing under the laws OF the
State of Illinois. by its certain mortgage or trust
deed, bearing date the twenty-ffth day OF Novem-
Der, A. d. 1876, duly executed, acknowledged and
delivered, and duly recorded in the Office OF the
| recorder of Deeds in and for the county of Rock
Island in the State OF Illinois, on the twenty-sev-
euth day of November. A. d. 1875, in volume of
at Page et 2 G3G grant Gagan
the following tract of land in that OF the city
state of Illinois, known and called Chicago
or Lower Addition, described as follows, to-wit:-
All of block ten (10 together with all and singular
| the heredtaments and appurtenances thereunto
| belonging or in any wise appertaining thereto {;
also all the machinery and fixtures then contained In
the buildings said premises. and used in and
about the business of manufacturing window glass,
carried by the said corporation in said city,
and which said trust deed was given for the pur-
pose of securing the payment OF one huhdIeu anu
fifty certain bonds of said corporation for the sum
first day of December. A. D. 1875, and payable on
the first day of August, A. D. $751; after their date
to said James M. Buford, trustee or bearer, with
Interest at the rate OF ten per cent per annu pay
able annually; said bonds having interest coupons
thereto attached for the annual interest 70
| deed and to said record thereof being had, will
more fully and at large appear:
And WHEREAS, in and by said trust deco IL was
| among other things provided, that IN case OF de-
| fault in the payment of eaid bonds or any OF
them at the time they should become due or paya-
BILE according to the terms thereof the said trustee
should upon the application of the owner or own
ers of said bonds or any OF them, sell the said
might be necessary, and all the right and equity OF
redemption of said corporation in and to the same
at public auction the highest bidder for each in
hand, at the north door of the Court House. In
said city after having advertised such sale, the
time place terms thereof and description of the
property to be sold for twenty (2O) days in news
paper printed and published In said county that
said trustee might also give such other and like
notice of said sale as he in his discretion might
| consider to be best; that said real and persona
property should be sold in such parts, lots sub
divisions whole, as said trustee might de-
termine to be best, but that the owner or
| Ina of Dir
debtedness might direct how said property should
be sold and that said trustee should offer the same
for sale directed by them i'll writing; thai upon
such sale such trustee should execute, acknowl-
edge and deliver to the purchaser or purchasers
and hill Of sale for the personal property sold
that said deed or deeds should convey to the pur-
chaser or purchasers a full and complete title in
law and equity in and TO the premises sold, and
that said corporation should execute and deliver
any other deed or deeds to the premises sold as ne
purchaser or purchasers might deem necessary to
vest in them full and complete title in fee sim
ple:-
And WHEREAS in and by said trust deed it was
among other things further provided that IN case
the said interest coupons or any OF them should
not be paid within ninety 900 days after the same
should be due and payable and presented for pay
mcnt the whole of SAID bonded debt, principal and
interest should be due without any future action
or notice on the part of the owner or owners OF
said bonds coupons. and said trustee when mott
fed OF such non-payment IN writing, should pro,
coed to advertise and sell said real and personal
property in the same manner, at the same place,
upon ike notice. and in all respects the sale shall
be conducted or conveyance made as thereinbefore
provided in case of sale for ncn-payment OF the
bonds at maturity; and that until default should
be made in the Payment of said bonds coupone
the said corporation should have the right to- use,
possess and enjoy said premises and personal prop
erty the purpose of it's business, but in of
default in the pay Of said bonds coupons as
tne rein provided, the said trustee might enter up
on and take possession of the property therein
conveyed, with or without process OF law, and up
sale thereof aforesaid deliver possession to
the purchaser or purchasers according to the
tent OF his, her or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety 800 of said bonds and no more.
And WHEREAS, all the Interest coupons thereto
belonging for the ANIMAL installment of interest
thereon which became due on the first day af Au-
gust, a D. 1875, were duly presented 10 said cor
poration for payment at the cate of the maturity
thereof and there was then paid upon each thereof
the sum Of thlrty-one dollars and seyenty-seVeG
cents 1871 ~, and default was then made by said
pcration iii the payment Of the remainder there
And WaEREAa all The interest coupons to said
last mentioned bonds belonging for the annual in.
slalment of interest thereon which became due on
the first day Of August, A. D. 1873, were duly pre-
scented to said corporation for payment at the date
by SAID corporation refused:
And WHEREAS. more than ninety days have
elapsed since said coupons respectively became
due and payable and were presented for payment,
and payment thereof refused aforesaid, where
by the whole OF said bonded debt, pT neipal ana
interest, bee me due as. provided by said trust
deed:
And WHE4E4s, sand corporation, after demand
made. neglects and refuse to pay the same;
And " HEREAs. SAID last mentioned bopds and
coupons yet remain wholly due and unpaid, save
a
D. 1915 Aforesaid, and there is due and m
paid Their. on the of hfty-two thousand five
hundred and flty-three dollars and twenty cents
$52 ,553 2U):
And WHEREAS Philemon L. Mitchell the owner and
holder Of eighty five (S5) If said outstanding bonds
andof the unpaid coupons thereto belonging and al
30 of the unpaid coupons upon two other OF said out
standing bonds; and Philander L. Gable the owner
and holder of three 90 Of said outstanding
bonds and OF the unpaidscoupons there to belong
ing. have duly notified the undersigned txustee as
aforesaid in writing OF the Ronpa ynlent said con-
pons and of said bonded Indebtedness aforesaid
and requested him TO at proceed TO advertise
and sell said real and PERSONAL property above
mentioned for the payment thereof. provided by
such trustee, did thereupon enter upon and lake |
possession OF the property aforesaid and holds
the same
Now, THEREFORE, public notice is hereby given /
that the undersigned, the said James NJ. Bnford, /
trustee az aforesaid, under and by virtue of the |
power and authority to him given by.the trust deed |
afternoon of that day. at the north door |
sell at public auction, to The highest bidder. for
cash in hand, the following tract of land in that
part of said city of Rock Island known and called |
Chicago or Lower Addition described follows, |
to vital Of block ten (10) together with al
and singular the hereditamcnts and appurtenan- |
ces thereunto belonging or in any wise appertain-
ing thereto. Also all the machinery and fixtures,
On the twenty fifth day of November, A II. 1876.
contained in the buildings on said premises and
used in and about the business of manufacturing
window glass, carried on by said corporation in
tion of the said The Rock leland Glass Company
in Gad 10 The same. to isfy said bonded indebt-
edness and the costs of said sale.
Dated this twenty Fourth day of November, A. d.
Is O.
JANIS NJ. BUFoRD,
OSBORN. CURTIS s. O'NEIL, Att'ys. 1l-24daa
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