The Rock Island Argus., 1879-12-08
LEGAL.
Trustees Sale.


State of Illinois, by its certain mortgage or trust
deed, bearing date the twenty-hfth day OF Novem,
bef, A. D. 1876, duly executed. acknowledged ana
Recorder of Deeds, In and for the county OF ROCK
Island in the State OF Illinois, on the twenty-sev.
enth day of November A. ID. 1876 in volume I OF
mortgages, page 2S2 thereof, did grant, bargain,
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. and
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 hereditaments and appurtenances 1nerennto
also ali fbe machtnery and fixtures then contained 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,
and which said trust deed wac given fcr the pur-
pose of securing the payment of one hundred ana
of five hundred dollars each, all bearing date the
first day of December. A. ID. 1875, and payable on
the fret day of August, A. D. 1881 after their date,
10 said James M. Buford trustee or bearer, with
interest at of per cent per annum, pay
thereto attached for the annual interest TO become
due thereon reference@o sala trust
deed and TO said record thereof being hao' VIII
more fully and at large appear:
And WHEREAS, in and by said trust deed 1t was
among other things provided that IN case OF det t
fault in the payment of faid bonds or any OF
them at the time they should become cue or paya-
Bile according to the terms thereof the said trustee
shOuid upon the application OF the owner or own,
ers of said bonds any OF them, sell the said
real and personal property such part thereof as
might be Necessary, and all the right and equity OF
redemption of said corporation in and to the same,
public auction the highest bidder for cash 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
paper printed and published in said county; that
said trustee might also give such other and llke
notice of said sale as he in his discretion might
consider to be best; that said real and personal
property should be sold in such parts, lots, sub
tarmine to be best but that the owner or
owners of a majority in value of said bonded in
debtednees might direct how said property should
ho anJd md I at truS shOulH
for sale directed by them III writing; that upon
such sale such trustee should executy, acknowl-
good and sufficient deed or deeds the premises
cold, and bill of sale for the personal property sold
that said deed or deeds should convey 10 the pur-
chaser purchasers a full and com plete title in
law and equity in and TO the premises sold, and
that said corporation should execute and deliver
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 800 days after the same
should oe due and payable ana presented for pay
ment, the whole of SAID bonded deb principal and
interest, should be due without any future action
notice the part OF the owner or owners of
said bonds or coupons and said trustee when mott
fed of such non-pa yment In writing, should pro-
ceed to adveI tise and sell said real and personal
propertv in tie same manner. at the same place,
upon like notice and in all respects the sale shall
be conducted or conveyance made as therelnbefore
nroyided in case of sale for non payment of the
bonds at maturity; and that until default should
be made in the ayment Of said bonds or coupons
the said corporation should have the right to
and enjoy said premises and personal prop
erty the purpose of it's business but in OF
default in the pay ment of said bonds coupons as
ths rein provided the said trustee might up
on and take possession of the property therein
conveyed, with without process OF law, and up
sale thereof aforesaid deliver possession to
| the purchaser or purchasers according to the ex-
tent OF his, her or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety (90) OF said bonds and no more
And WHEREAS, all the interest coupons thereto
belonging for the annual instalment of interest
thereon which became due on the first day af Au.
gust A. ID. 1875 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 aud seventy-seven
cents (S3I ~, ana default then made by said
CO. poration in the payment of the re mander there
of:
And WHEREAS, all the interest coupons to said
last mentioned bonds belonging, for the annual in
stalmcnt OF interest thereon which became due on
the first day Of August, A d 1879, duly pre-
sented 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 as aforesaid, where
by tue whoe 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 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 due and IN
paid ther on the sum of dfty-tyyo thousand five
hundred and ffty-three dollars and twenty cents
$50, ,553 2U):
And WHEREAS, Philemon L. Mitchell the owner aud
holder Of eighty five (S5l If said outstanding bonds
andof the unpaid oUpo1s thereto belonging and al
so OF The unpaid coupons upon two other OF said out
standing bonds; and PhiIander L. Cab.e the owner
and holder OF three {3) OF said outstanding
bonds and of the uupaidscou there to belong
ing have duly notified the undersi gDeG, trustee as
aforesaid in writing of the payment of said
pons and of said bonded Indebtedness aforesaid
and requested him TO al once proceed TO advertise
and sell said real and PERSONAL property above
mentioned for the payment thereof. a. provided by
said deed Of and whereas the dersigned,
possession OF the property aforesaid, and now holds
the same:
Now, THEREFORE, public notice is hereby given
that the undersigned, the said James NJ Buford
trustee Aforesaid, under and by virtue OF the
power and authority to him given blythe trust deed
aforesaid, viii, ,on saturday the thiru day Of Janus
ry, A ID. 1850, at two O'Clock in the
of the Court House. in said city of Rock island,
sell Fl public auction, to The highest bidder. for
cash in han~, the following tract of land in that
part OF said city of Rock Island known and called
Chicago or Lower Addition. described follows,
to wit:-All Of block ten (10). together with al
and singular the heredltaments and appurtCnan-
ces thereunto belonging or IN any wise appertain
On the twentY-fflh day of November, a. d. 1876, |
con aimed in the buildings said premises and |!
used in and about the business of manufacturing |
window glass carried on by said corporation in |
tlon of the said The Rock Island Glass Company |
in and to the same, isfy said bonded indebI-
edness and the costs of said sale.
Dated this tweuty-fourth day of November, A. d.
Is O.
JANIS NJ. BUFoRD,
Trustee.
OSBORN, CURTIS & O'NErL, Att'ys 11-24d32