The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-05
LEGAL.
Trustees Sale.

|tAlHEREAS, The Rock Island Glass Company, a
w corporation existing under the laws OF the
State of Illinois, by its certain mortgage or trust
deed, bearing date the twenty fifth day Of Novem-
Der, A. d. 1876, duly executed. acknowledged ana
delivered, and duly recorded in the office OF the
Recorder of Deeds, in and for the county OF Rock
Island in the tate OF Illinois, on the twenty-seV-
emf day of November, A. ID. 1875, in volume OF
mortgages at page 2s2 thereof. did grant, bargain,
sell ana convey unto James M. Buford as trustee,
the following tract of land in mat part OF tne cry
of Rock Island, in the county OF Rock Island ana
State OF Illinois, known and called chicago
or Lower Addition, described as follows, to-wit;-
All of block ten 0) together with all and singular
the Entertainments and appurtenanees inerennto
belonging or In any wise appertalnlng tnere,o;
also all the machinery and fixtures then containeo IN
the buildings or said premises and used IN ana
about the business of manufacturing window glass;
carried by the said corporation, IN sald city,
and which said trust deed was given Tor the pur
pose OF securing the payment of one hundred ana
fifty certain bonds of said corporation Tor the sum
of five hundred dollars each, all bearing date the
first day of December. A. D 1876, and payable on
the frat day of August, A. D. 1851 alter their GATE
to said James Nj. Buford trustee or bearer, with
interest at the of ten per cent per annum, pay
able annually; said bonds having interest co upons
thereto attached for the annual interest to become
due thereon reference TO saa trus
Iced and to said record thereof being had, will
more fully and at large appear:
And WHEREAS, in and by said trust deed IL was
among other things provided, that IN case Oh oe e.
them at the time they should become due or paya-
BILE according to the terms thereof the SAID
/ should upon the application of the owner or own,
ers of said bonds or any OF them sell the salu
real and personal property or such part thereof
redemption of said corporation in and to the same,
public auction to the highest bidder for ca-h IN
| hand at the north door of the Court House In
ssid city, after having advertised such sale, the
| time, place, terms thereof and description OF the
property to be sold for twenty C2O) days IN news
| paper printed and published In said county; that
| said trustee might also give such other ana IKE
notice OF said sale as he in his dlcsreuon might
consider to be best; that said real ana persona
property should be sold in such parts, lots, sub
divisions or az whole a. sab trG tS neT or
owners of a majority in value of said bonded IN
debtednees might direct how said property should
be sold and that said trustee should oner the same
for sale as directed by them III writing; that upon
such sale such trustee should execute, acknoWl-
edge and deliver to the purchaser or purchasers
good and sufficient deed or deeds for the premises
sold and bill OF sale for the personal property sold
that said deed or deeds should convey TO the pur-
chaser or purchasers q full and complete ttle IN
| law and equity in and to the premises SOLD, ana
| that said CORPORATION should execute and deliver
any other deed deeds to the premises sold as the
urchaser or purchasers might deem necessary to
vest in them full and complete title IN fee sim
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 600 days after the same
| should De due and payable and presented for pay
10 ent the whole of SAID bonded debt, principal and
interest, should be due without any future action
| or notice the part of the owner or owners OF
said bonds coupons, and said trustee when noti-
| fed of such non-paYment writing, should pro-
coed to advertise and sell SAID real and personal
| property in the same manner, at the same place,
upon like notice, and in all respects the sale shall
be conducted or conveyance made as thereinbefore
|
| bonds at maturity; and that until default should
| be made in the Payment OF SAID bonds or coupons
the said corporation should nave the Ilgnt 10 use
possess and enjoy said premises and personal prop
erty the purpose of lis business but In case OF
default in the payment Of said bonds or coupons as
on and take possession of the property therein
conveyed, with or without process OF law, and up
on sale thereof as aforesaid denver possession 10
the purchaser or purchasers according TO the ex-
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 annual installment of interest
thereon which became due the first day af Au
gust, A. ID. 1875 were duly presented to said cor
thereof and there was then paid upon each thereof
the sum of thrty-one dollars and seventy-seveI
cents ($31 10 and default was then made by said
OF OF 0'A'ioH III '"' '' D'' VI ''' N'A'Oe' '"s''
and WHEREAS. all the interest coupons to said
last mentioned bonds belonging, for the annual in
stallment of interest thereon which became due or
the first day of August, A d 1879, were daily pre-
scented TO said corporation for payment at the date
of the maturity thereof, and payment thereof IVA:
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
by tue who,e OF said bonded debt. pr ncipaI and
interest, bee me due as provided by said trust
deed:
And WHEREAS, said corporation, after demand
made, neglects and refuse 10 pay the same:
And WHEREAS, said last mentioned bonds and
coupons yet remain wholly due and unpaid, save
the payment on said coupons due August first, A.
D. 1879 aforesaid, and there is nov due and I'M
paid ther on the snm OF hfty-twO thousand five
hundred and ffty-three dollars ard twenty cents
| So, 553 20):
And WHEBEAs, Philemon L.Mitchel the owner and
holder " eighty five 49, II SAID outstanding bonds
andof the unpaid coupons thereto belonging ,and al
so Of the unpaid coupons upon two other of said
standing bonds and Philsnder l.. Cable the owner
and holder of three 90 of said outstanding
bonds and OF the unpaidsconp ns there TO belong
ing, have duly notified the under gnsd, t.ustee as
aforessid.in writing Of the l.Onpay of said
pons snd 0f said bonded Indebtedness sforesaid
ard requested him to a. once proceed to advertise
and sell said real and PERSONAL property ABOVE
mer toned for the payment thereof. provided by
said deed Of trCsl: and whereas the undersigned
such trustee, did there4pon enter upon and lake
possession OF the property aforesaid and now holds
the
Now, THEREFORE,, public NOTICES hereby given
that the undersigned, the said James Nj. Buford,
power and authority to him given by he trust deed
aforesaid, will on Saturday the third day of Janua-
ry, A ID. 1880, two O'Clock in the
afternoon of that day. at the north door
sell al 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 as follows,
| to wit:-All Of block ten (10), together with al
! and singular the hcreditaments and appurtenan-
| ces tbertGnto belonging 10 any wise appertain-
On the twe nty-fifIh day Of November. A. ID. 1916,
| contained in The buildings said premises and
used in and about the business of manufacturing
1 window glass. carried by said corporation In
said city, aud all the right and equity Of redemp-
ZION of the said Tie Rock Island class Company
in and to the same. isfy said bonded iudcbl-
edness and the costs CT SAID sale.
Dated this twenty fourth day OF November, A. D.
JANIS NJ. BUFoRD,
Trustee
OSBORN, Curtis O'NEIL, Att'ys 1l-24d32
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