The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-29
LEGAL.
Trustees Sale.


wv corporation existing under the laws OF the
State of Illinois, by its certain mortgage or trus'
Der. A. D. 1875, duly executed. acknowledged and
delivered, and duly recorded in the ofilee OF the
X 81 b u, and On tbe
enlh day of November, A d. 1876, in volume Of
mortgages, at page as2 thereof, ga grant, bargain
the following tract of land that part OF the city
of Rock Island, in the county Of Rock Island, ano
State OF Illinois, known and called chicago
or Lower Addition, described as follows, to-wit:-
All of block (10 together with all and singular
the hereditaments and appurtenances thereunte
belonging or in any wise appertaining thereto
also all the machinery and fixtures then contained IT
the buildings or on said premises, and used in and
abont the business of notwithstanding window glass
carried on by the said corporation, in said city
and which enid trust deed was given for the pnr
pose of securing the payment of one hundred and
fifty certain bonds of said corporation for the sum
of five hundred dollars each, all bearing date the
the first day of August A. D. 1881 after their date
to said James nj. Buford, trustee or bearer, witt
interest the rate of ten per cent per annum, pay
able annually; said bonds having interest COUPONS
thereto attached for the annual Interest 10 become
due thereon beg had
more fully and at large appear:
And WHEREAS, in and by said trust deed 1t wat
among other things provided, that IN case OF DE
fault in the payment of eaid bonds or any o.
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 eaid bonds any of them, sell the eaic
rea ahS be ep ali the light and equity
redemption of said corporation in and to the same
at public auction to the highest bidder foT each u
hand, at the north door of the Court House. III
said city, after having advertised such sale, the
time place, terms thereof and description OF the
paper printed and published in said county; thai
said trustee might also give such other and likt
consider to be best; that said real and persona
property should be sold in such parts, lots, sub
termi0e to- be best but that the owner Of
owners of a majority In value OF said bonded IN
be sold and that sad trustee should offer the same
for sale directed by them ia writing; that upoI
edge and deliver to the purchaser or purchasers
good and suf1cient deed or deeds for the premises
sold and bill Of sale for the personal property sold
til at said deed or deeds should convey 10 the pur
chaser or purchasers q full and plete title In
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 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 (90) days after the same
should be due and payable and presented for pay
nent, 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 or coupons, and said trustee when mott
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 conveyance made as thereinbefore
n
bonds at maturity; and that until default should
be made in the ayment of said bonds coupons
the said corporation should have the right to use,
possess and enjoy said premises and personal prop
erty for the purpose of it's business, but in OF
default in the payment of said bonds coupons as
thsreiR provided, the said trustee might up
on and take possession of the property therein
conveyed, with or without process OF law, and up
the purchaser or purchasers according to the -exs
tent OF his, her or their purchase:
And WHEREAS, there are now outstanding and
A0f aaid oy1d1
And WHEREAS, all the interest coupons thereto
belonging for the annual installment of interest
gust, A. d. 1878 were duly presented TO said cor
poration for payment at the cate OF the maturity
thereof and there was then paid upon each thereof
the sum of thrty-one dollars and seventy-seven
cents S31 10, and default was then made by said
corporation in the payment of the remainder there
of;
And WHEREAS. all the interest coupons to said
last mentioned bonds belonging, for the annual in
stallment of interest thereon which became due on
the first day of August, A d 1879, were duly pre-
sented to said corporation for payment at the date
OF the maturity thereof, and payment thereof was
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 who,e of said bonded debt, principal and
interest, became due as. provided by said trust
deed:
And WHEREAS said corporation, after demand
made, neglects and refuse to 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. 1873 aforesaid. and there Is now due and I'M
paid Their the sum Of ifty-two thousand FIVE
hundred and ffty-three dollars aud twenty cents
{ $52, 553 20):
And WHEREAS, Philemon L. Mitchell the owner and
holder Of eighty five (S5) II said outstanding bonds
andof the unpaid coupons thereto belonging and al
so ofhe unpaid coupons upon two other of said out
standing bonds and Phiander L. Gable the owner
and holder of three 60 of said outstanding
bonds and OF the unpaidscoupt there TO belong
Ing, have duly notified the undersi gDed, trustee
aforesaid in writing Of the payment of said con-
pons and OF said bonded Indebtedness as aforesaid
and requested him TO at once proceed TO advertise
and sell said real ana personal property above
mentioned for the payment thereof. astprovided by
said deed of trust and whereas the. undersgn
such trustee, did thereupon enter upon and lake
possession ofthe property aforesaid, and holds
the same:
Now, THEREFORE, public NOTICES hereby given
that the undersigned, the said James M. Buford
trustee as Aforesaid. under and by virtue of the
power and authority to him given by The trust deed
ry, A ID. 1850, at two O'Clock in the
afternoon of that day at the north door
OF the Court House, in said CITY of Rock Island,
sell at public auction. to The highest bidder, for
cash in hand, the following trac! of land in that
part of said city of Rock Island known and called
Chicago or Lower Addition. described as follows,
to vital Of block ten (10), together with al.
and singular the hereditameBts and appurte nan
ces thereunto belonging il any wise appertain-
ing thereto. Also ali the machinery and fixtures,
Oh the tweDty-ffth day of November, A. ID. 1876, |
contained III the buildings on said premises and
used In and about the business of manufacturing |
window glass. carried by said corporation in
said city, and all the right and equity OF redemp-
lon of the said The Rock Island Glass Company |
IN and TO the same, to sd isfy said bonded indeb-
adness and the costs of SAID sale.
Dated this twcnty-fourth day of November, A d. |
Is @.
JAMES NJ. BUFoRD,
Trustee
OSBORN, CURTIS & O'NEIL, Att'ys- 1I-24d32
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