The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-31
LEGAL,
Trustees Sale.

Trustees Sale.
tsiHEREAs, The Rock Island Glass Company, a
Wv corporation existing under the laws OF the
State Of illinois, by its certain mortgage OF lrns'
Der, A. ID. 1876, duly executed, ACKNOWLEDGED ana
Recorder of Deeds, in and for the county of Rock
Island in the ate OF Illinois, on the twenty-seV
enth'day of November, A d 1896, In volume , OF
cell ana convey unto James NJ Buford, as trustee,
the following tract of land IN that part Of toe city
| of Rock Island in the county OF ROCK island ana
state of Illinois, known and called Chicago
or Lower Addition, described as follows, to-wlt
All of block ten (10 together with all and singular
the heredtaments and appurtenances thereunto
| belonging or in any wise appertaining thereto
also ali the machinery and fixtures then contained IN
the buildings or said premises, and used III ana
| about the business of manufacturing WINDOW glass
carried on by the said corporation, in said city,
and which said trust deed was given for the pur,
pose OF securing the payment or one hundred ana
fifty certain bonds Of said corporation Tor Ine sum
of five hundred dollars each, all bearing date the
| first day of December A. ID 1870, ana PaYaoIe on
the first day of Aagnst A ~ isoI a,t9r ,tb
interest at the rate OF ten per cent per ahnu pay
able annually; said bonds having interest," co
thereto attached for the annual interest TO become
due thereon reference 10 salu
deed and to said record thereof being had, VIII
more fully and at large appear:
| And WHEREAS in and by eaid trust deed IL was
among other things provided, that in case OF oe-
| fault in the payment OF said bonds or any OF
them at the time they should become due or pay a.
Bile according to the terms thereon, the eald trustee
eb oud upon the application of the owner or own
| ers of said bonds or any of them, sell the said
real and personal property; or such part mercer 81
redemption of said corporation in and to the same
at public auction, the highest bidder lot cash IN
hand at the north door OF the Court House. IN
sSid civ after having advertised such sale, the
time. place, terms thereof and description OF the
property to be sold for twenty (2O) days IN news
said trustee might also give such othef ana iIke
notice of said sale as he in his dicsreuon might
consider to be best; that said real and personal
property should be sold in such parts lots, sub
divisions a whole, as said trustee might de-
| termine to be best, but that the owner or
| owners of majority in value of said bonded in
debtedness might direct how said property should
be sold and that saId trustee ehould offer The same
for sale as directed by them in writing thai upon
such sale such trustee should execut>, acknowl-
ed ge 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-
law and equity in and to the premises sold, and
that said corporation should execute and deliver
any other deed deeds to the premises sold as the
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
among other things further provided that IN case
the said interest coupons any of them should
not be paid within ninety 800 days after the same
should be due and payable and presented for pay
interest, should be due without any future action
or notice on the part OF the owner or owners OF
said bonds or coupons, and said trustee when nou
fed of such non-paYment IN writing. should pro-
coed to advertise and sell SAID real and personal
property in tie same manner at the same place.
upou like notice, and in all respects the sale shall
be conducted or conveyance made as thereinbefore
provided in of sale for ncn payment of the
bonds at maturity; and that until default should
be made in the ayment of said bonds coupons
the said corporation should have the right use,
possess and enjoy said premises and personal prop
ery tor the purpose of its business but in of
default in the payment of said bonds or coupons
tbs rein provided, the said trustee might 1p-
on and take possession of the property therein
conveyed, with without process of law, and up
on sale thereof as aforesaid deliver possession TO
the purchaser or purchasers according to the ex-
tent oil his, her or their purchase:
And WHEREAS, there outstanding and
unpaid ninety (90t of said bonds and more
And WHEREAS, all the interest coupons thereto
belonging for the annual installment of interest
thereon which became due on the first day al An
gust, A. ID. 1873 were duly presented to said cor
poration for payment at the cate of the maturity
thereof. and there then paid upon each thereof
the sum of thrty-one dollars and seventy-seyen
cents ($3l.T1), and default then made by said
corporation in the payment Of the remainder there
And WHEREAS. all the interest coupons to said |
last mentioned bonds belonging, for the annual in
sanent Of interest thereon which became due on |
the first day Of August, A ID 1879, duly pre-
ssHted TO said corporation for payment at the date
by said corporation refused:
And WHEREAS. more than ninety days have
due and payable and were presented for payment
and payment thereof refused IS aforesaid where
by tne who.e of said bonded debt. pr ncpGl and |
interest, bee me due as provided by said trust
deed:
And WHEREAS, said corporation, after demand
made, neglects and refuse to pay The same
- And NHEREAs, said last mentioned bonds and
coupons Aet remain wholly cue aud unpaid. save |
the pay nlcnt on said coupons due August first, A.
ID. 1S7 aforesaid, aud there is now aue and IN
paid ther on the sum Of hfty-two thousand five
hundred and ffty-three dollars and twenty cents
sso2 ,sI3 2al:
And WHEREAS. Philemon mi chelI the owner and
holder # eighty five $50 # said outstanding bonds
Gudof the unpAld poNs the eto belungn ana al
20 Of he unpaid coupons upon two other of said out
standing bonds lad Philander l.. cab. the owner
and holder OF three OBJ of said outstanding
bonds and OF the unpaid coup there TO belong
ing, have duly notihed the under igned, trustee as
writing OF the nOnpAyment of said cou
poUs and Of said bonded Indebtedness aforesaid
and requested him TO a once proceed to advertise
ana sell said real and personal property above
for the payment thereof, rs provided by
said deed Of rust: and whereas the undersigned as
such trustee, did thcreupon enter upon and take
possession OF the property aforesaid, and now holds
the |
Now. THEREFORE,, public notice is hereby given
that the undersigned, the said James n Bnford
trustee aforesaid. under and by virtue of the
power and authority to him given by The trust deed
aforesaid, Will on Saturday the third day Of Janua-
~. A ID. 1850, al two O'Clock in the
afternoon OF that day. at the north door
OF the Court House, i'll said cry of Rock Island,
cash in hand, the following tracy of land in that
part uf said city of Rock island known and called
Chicago or Lower EDITION. described follows,
to vital ( block (l0}. together with al |
ami singular the bereditamenis and appurtenan-
ces thereuntO belonging or ia any wise appertain-
ing thereto. Also al the machinery and fixtures.
On me l%:pty -htih DAY OF Neyember, A. -. 1876,
contained III The buildings or on said premises aud
lred In and about the business of manufacturing
window glass carried Oh by said corporation in
said CITY, a. d ali the right sud equity OF redemp-
n and TO the same. 10 izfy said bonded indeb :
'dness ana the costs OF SAID sale.
Dated this twenty -folrth day of November, A. ID.
Is Q.
JANIS NJ. BUFoRD,
osBonN, Cgnrly s o'Nr1L, Att'ys 1I-aldsa 7