The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-11-29
LEGAL.
Trustees Sale.

w corporation existing under the laws OF the
deed, bearing date the twenty day of Novem7
Der, A D. 1875, duly executed, acknowledged and
delivered, and duly recorded in the office of the
Recorder of Deeds, In and for the county of Rock
Island, in the s ate OF Illinois, on the twenty-seY-
enth day of November, A. ID 1876, in volume Y of
mortSaSes1 at mage 2S2 thereof did grant bargain,
sell ana convey unto James NJ. 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
Lower Addition, described as follows, to- wit: =
All of block ten G0 together with all and singular
the hereditaments and appurtenances thereunto
belonging or in any wise appertain1ng thereto
also all the machinery and fixtures then contained In
the buildings said premises, and used in and
about the business of manufacturing window glass,
and which said trust deed war given for the pur
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 dale the
fret day of December. A. ID. 1876, and payable on
the first day OF August, A ID. 1881, alter their date
to said James Nj. Buford, trustee or bearer, with
iutere>t at the of ten per cent per annum pay
able annually; said bonds having interest coupons
thereto attached for the annual interest become
due thereon respectively reference to said trust
deed and to said record thereof being had, will
more fully and at large appear:
And WHEREAS, in and by said trust deed it was
among other things provided, that in case OF de-
fault in the payment of eaid bonds any of
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 said bonds or any OF them, sell the said
real and personal property or such part thereof as
might be Necessary, and all the right and equity of
e.,
at public auction, to the highest bidder for cash in
hand, at the north door OF the Court House. in
sid city, after having advertised such sale, the
time, place, terms thereof and description of the
property to be sold for twenty (20) DAYS news
paper printed and published in said coapty; tRat
said trustee might also give such other and like
notice Of said sale he in his discretion might
consider to be best; that said real and personal
property should be sold in such parts Iots sub
divisions or as a whole. as said trustee might de-
termine to be best but that the owner
owners OF a majority in value of said bonded in
de might direct hnuId
be sold, and that said trustee should offer the
for sale as directed by them i'll writing; tina upon
such sale such trustee should execpt ackn0wl-
edge and deliver TO the purchaser or purchasers a
good and SUFFICIENT deed or deeds Tor the premises
sod and bill of sale for the personal property sold
that said deed or deeds should convey TO the pur-
chaser or purchasers full and com plete title in
law and equity in and to the premises sold and
that said corporation should execute and deliver
any other deed or deeds to the premises sold the
vest In them full and complete title in fee sim
Pile
And WHEREAS in and by said trust deed it was
among other things further provided that IN case
tie said interest coupons or any OF them should
not paid within ninety (9o) days after the same
should be due and payable ana presented for pay
ent the whole of SAID bonded debt, principal and
interest, shupld be due without any future action
notice the part OF the owner owners of
said bonds or coupons, and said trustee when mott
fed OF such non-payment In writing, should pro-
coed to advertise and sell SAID resi- and personal
property in tie same manner, at the same place.
upon like notice. and in all respects tn sale shall
provided in of sale for nc n payment of the
bonds at maturity; and thai until default should
b. made in the ayment of said bonds or coupons
the said corporation should have the right touse
possets and enjoy raid premises aud personal prop
erty for the purpose Of It's business, but in of
tnsrein provided the raid trustee might entei 1p-
on and take possession of the property therein /
on sale there of eforesaid denver pc scss on to
the purchaser OF purchasers according TO the ex-
tent OF his, her 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 installmenI of interest |
thereon which became due on the first day AT An
gust, A ID. 1878, were duly presented 10 said cor
thereof, and there was then paid upon each thereof
the sum of thIrty-one dollars and seyenty-seyen
GENTS 1881 ~, and default was then made bv said
cooperation In the payment Of the mainder there
Of:
And WHEREAS. all the interest coupons to said
stallmeDt of interest thereon which became due on
The first day Of August, A. D 1879, were duly pre-
sented to said corporation for payment the date
IF the maturity thereof, and payment thereof was
by SAID corporation refused
AND WHEREAS. more than ninety days have
Elapsed since said coupons respectively became
lue and payable and were presented for payment.
Ind payment thereof refused aforesaid, where
by the who.e OF said bonded debt, pr ncipal and
interest, bee me due as provided by said trust |
iced:
And WHEREAS, said corporation after demand |
made. neg1ects and refuse to pay the same:
And WHEREAS, said last mentioned bonds and
coupons yet remain wholly due and unpaid save |
he payment on said coupons due August first, A |
D. 1875 aforesaid, and there is now due and I'M
Daid Their on the sum OF ffty-two thousand five
hundred aud ffty-fhree dollars aud twenty cents
$52, 553 20@:
And WHEREAS, Philemon L. Mitchell the owner and
older Il eighty five (S5) # said outstanding bonds
ndof the unpaid coupons thereto belonging and al
o Of unpaid coupons upon two other of said out
tanding bonds and Philander l.. cable the owner
nd holder of three CD of said outstanding
onds and of the unpaid.coup ms there To belong
ng, have duly notified the UNDER igned, trustee de
foresaid in writing OF the non payment OF said
ons and of said bonded Indebtedness as aforesaid
nd requested him to at once proceed 10 advertise
nj sell said real and personal property above |
lentioned for the payment thereof. as provided by
aiG deed OF trqst and whereas the undersigned, as
UGH trustee did thereupon enter upon and take
Of the property aforesaid, and holds
ne same:
Now, THEREFORE,, public notice lie hereby given
lat the undersigned, the said James M Bnford, =
'ustee as aforesaid. under and by virtue of the
over and authority to him given by he trust deed
foresad. viii on Saturday the thir0 day OF Janua-
7, D. 1850. at two O'Clock in the
the Court House. in said city of Rock Island
III at public auction, to The highest bidder, for
ASH IN hand, the following tracl of land in that
art OF said city of Rock sand known and called Z
nicago or Lower Addluon. described as follows,
Vital of block ten (10) together with al.
30 singular the Entertainments and appurtenan-
= thereunto belonging Ia any wise appertain-
q thereto. Also ali the machinery and fixtures. c,
the tWentY-hfth day OF November, A u, 1876, til
,ntalned In the buildings on said premises ana in
ed in and about the business Of manufacturing b,
indow glass. carried by said corporation IN di
i'd city, and all the right and equity Oh redemp- CT
and to the same, to isfy eaid bonded indebt-
iness and the costs of said sale. al
Dated D this twenty fourth Gay o. november D. f.
30 JANIS NJ. BUFofD, az
OSBORN, CURTIS & o'NErL, Att'ys. 1l-a4dsa