The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-13
LEGAL.
Trustees Sale.

Trustees Sale.
,a,uEREAs. The Rock Island Glass Company,
wv corporation existing under the laws OF the
State of Illinois, by it's certain mortgage or trust
Der A. D. 1876 duly executed, acknowledged and
delivered, and duly recorded in the ofice OF the
Island in the State of Illinois, the twenty-sev-
enih day of November, A. D. 1875, in volume OF
sell ana convey Unto James M Buford, as trustee,
the following tract of land in that part OF the city
of Rock Island, in the county OF ROCK island, ana
or Lower Addition, described as follows, &
All of block ten (10 together with all and singular
fng or In any wise appertaining thereto
also all the machinery and fixtures then In
the buildings on said premises, and used IN ana
about the business of manufacturing window glass
carried on by the said corporation, In SAID city,
nose Of securing the payment of one hundred and
fifty certain bonds of said corporation for the sum
Ss ns Sau Of December D. 1876 and payable on
the first day Of August A. d. 1881, after their date
to said James NJ. Buford, trustee or bearer, with
interest at the rate of per cent per annum pay
able annually; said bonds having interest co upons
thereto attached for the annual interest TO become
d desd snd to ss record thereof being had will
more fully and at large appear:
among other things provided, that in case of de-
fault in the payment of faid bonds or any OF
them at the time they should become due or paya
should upon the application OF the owner or own,
ers of said bonds or any OF them, sell the sald
might be Necessary and all the right and equity OF
redemption of said corporation in and to the same
at public auction, to the highest bidder for cash ID
hand at the north door of the Court House. In
said city, sitter having advertised such sale, the
nroperty to be sold for twenty C2O) days in a news
paper printed and published In said county tna mat
said trustee might also give sGch SnsF and e kf
consider to be best; that said real and personal
property should be sold in such parts, lots, sub
t.. yHA1a
termine to be best, but that the owner or
owners of majority in value of said bonded In.
debtedness might direct how said property ehouId
be cold and that said trustee should offer the same
for sale as directed by them III writing; that upon
such sale such trustee should executS, aeAnOwi
good and sufficient deed or deeds for the premises
sold, and bill OF sale for the personal properly solo
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 deeds to the premises sold as the
purchaser 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 (90) days after the same
should be due and payable and presented for pay,
ment 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 mott
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 rae shall
be conducted Or conveyance made as there1nbefore
provided in case of sale for non payment OF the
bonds at maturity; and that until default should
be made in the Payment of said bonds or coupons
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 payment of said bonds or coupons as
ths 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
he nnrc r n q q z
tent of his, her or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety 1907 of said bonds and no more.
And WHEREAS, all the interest coupons thereto
belonging for the annual installment of interest
thereon which became due on the first day at Au.
gust A. ID. 1875 were duly presented to said cor
poration for payment at the cate OF the maturity
the sum of thirty-one dollars and seventy-seven
cents ($31 ~, 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
stament of interest thereon which became due on
the first day Of August, A D. 1879, were duly pre-
scented to said corporation for payment at the date
OF the maturity thereof, and payment thereof was
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, pr ncipal and
interest, became due as provided by said trust
deed:
And WHEREAS, said corporation, after demand
made, negleCtS ana refuse 10 pay the same.
And WHEREAS, said last mentioned bonds and
coupons yet remain wholly due and unpaid save
the payment said coupons due August first, A.
D. 1873 aforesaid, and there is and
paid Their, on the sum of hfty-two thousand FIVE
hundred and ffty-three dollars and twenty cents
1852 553 20):
And WHEREAS, Philemon Mitchell the owner and
holder Of eighty five 1851 81 said outstanding bonds
andof the unpaid coupons thereto belonging and al
so unpaid coupons upon two other of said out
standing bonds and Philander L. Gable the owner
bonds and of the unpaidsconp0ns there to belong
ing, have duly notified the undersigned, trustee as
aforesaid in writing of the non-paymeat of said con-
pons and OF said bonded Indebtedness as aforesaid
and requested him TO at once proceed TO advertise
and sell said real and personal property above
mentioned for the payment thereof as provided by
said deed of trust: and whereas the undersigned,
such trustee, did thereupon enter upon and take
possession of the property aforesaid and now holds
the same:
Now, THEREFORE,, public noticei lie 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 blythe trust deed
ry, A ID. 1880, at two O'Clock in the
afternoon of that day. at the north door
of the Court House, in said city of Rock Island,
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, |
and singular the Entertainments and appuTtenan-
ces thereunto belonging or 10 any wise appertain
On the twenry-ffth day of November A. ID. 1876, |
contained in the buildings or said premises and
need in and about the business of manufacturing |
window glass. carried by said corporation in |
ton of the said The Rock Island Glass Company |
in and TO the same, to sfy said bonded indebt-
edness and the costs of said sale.
Dated this twenty fourth day OF November, A ID. /
1879.
JAMhs M. 8pFoRD.
OsRoRN C.rrRrIs &. OaNSrtr Att,vs 1I.0ad9a