The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-11-25
LEGAL,
Trustees Sale.

w corporation existing under the laws of the
deed bearing date the twenty day of Novem-
her, a. d. 1876, duly executed, acknowledged and
delivered, and duly recorded in the office of the
Recorder OF Deeds, in and for the county OF Rock
Island, the State OF Illinois, on the twenty-seV-
enih day OF November A. d 1876 in volume of
mortgages at page 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-w1t:-
All of block ten (10), together with all and singular
the hereditaments and appurtenances therennto
belonging in any wise appertaining thereto
alec all the machinery and fixtures then contained IN
the buildings on said premises. and used in and
about the business Of manufacturing window glass,
carried by the said corporation, in said city,
and which sa rust deed was given for the pur-
pose of securing the payment Of one hundred and
Of five hundred dollars each, all bearing dale the
first day of December. A. ID. 1876, and payable on
the first day OF August, A D. 1881, alter their cate
TO said James M. Buford, trustee or bearer, with
iutere al the rate of ten per per annum, pay
able annually said bonds having interest coupons
there attached for the annual interest to become
due thereon respective as, reference to said trust
decd and TO said record thereof being had, Will
more fully and at large appear;
| among other things provided, that in OF de-
fault in the payment of said bonds any of
them at the time they should become due or paya-
bic according to the thereof, the said trustee
should upon the application of the owner or own
ers of said bonds or any OF them, cell the said
real and personal property or such part thereof as
redemption of said corporation in and TO the same,
al public auction to the highest bidder for cash in
| hand, at the north door OF the Court House in
time, place, terms thereof and description of the
property to be sold for twenty (20) days in news
paper printed and published in SAID county; that
said trustee might also give such other and like
notice OF said sale as he in his discretion might
property should be sold in such parts, lots sub
divisions or as whole, as said trustee might de-
term1ne to be best, but that the
owners of majority in value of said bonded in
debtedness might direct how said property should
be sold and that SAID trustee should offer the
for sale as directed by them ia writing; thai upon
such sale such trustee should execut acknowl-
edge and deliver 10 the purchaser or purchasers
good and su1hclent 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-
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 as the
purchaser or purchasers might deem necessary to
vest IL them fun and complete title in fee sim
And WHEREAS In and by said trust deed il was
among other Things luTther PROVIDED that N case
the said interest coupons any of them should
not be PAD within ninety 900 days after the same
should De due and payable and presented for pay
uent, the whole of said bonded debt, principal and
ntel est, should be due without any future action
or notice on the part OF the owner owners OF
said bonds coupons. and said trustee when mott
fed OF such noD-paYment III writing, should pro
coed TO adYei tSe and sell said resi- and personal
property in the same manner at the same place
upon like notice, in all respects the rale shall
be conducted conveyance made as thereinbefore |
provided in case of sale fer non payment of fne |
bonds maturity; and thar 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 pay ment Of said bonds coupons as
therein provided, the said trustee might enter ID
on ana take possession OF the property therein /
conveyed, with or without process OF law and up
sale thereof as aforesaid deliver possession to
the purchaser or purchasers according 10 the SIX
tent OF his, her or their purchase;
unpaid ninety l90) of said bonds and no more
And WHEREAS; all the interest coupons thereto
belonging for the animal installmeni of interest
thereon which became due the first day af Au. |
gust, A ID. 1875 were duly presen tea to said cor
poration for payment at the cate of the maturity
thereof, and there then paid upon each thereof
the sum of thirty-one dollars and seventv-seyen
cents LTD, 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-
scented to said corporation for payment ut 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,
by tue who,e of said bonded debt. Or ncinal and
interest, bee me due as provided by said trust
deed:
And WHEREAS, said corporation. after demand
made, neglects and refuse to pay thes same:
And WHEREAS, SAID last mentioned bonds and
coupons yet remain wholly due and unpaid save |
the payment on said coupons due August hrst A |
d. 1875 aforesaid. and there is due and un-
hundred and hfiy-three dollars and twenty cents
So, 553 2U):
And WHEREAS Philemon L. Mitchell the owner and
holder 81 eighty five (e5l If said outstanding bond
audof the unpaid coupons thereto belonging and al
30 OF the unpaid coupons upon two other said cut
standing bonds; and Philander L. Cable the owner
and holder of three 90 OF said outetanding
bonds and of the unpaidEeoupu us there to belong
ng, have duly notified the unders igned trustee as
Azores aid in writing of the payment OF said cou-
pons and of said bonded Indebtedness as sforesaid
md requested him to at once proceed TO advertise
IND sell said real and personal property above |
mentioned for the payment thereof. az provided by
aid deed OF trust: and whereas the undersigned az
uch trustee, did thereupon enter upon and take
possession OF the property aforesaid, and now holds
he same:
Now, THEREFORE,, public notice lie hereby given
hat the undersigned, tue SAID James M Buford l.
rustee as aforesaid, under and by virtue of the
'ower and authority to him given by the trust deed
oresaid, will on Saturday the third day Of Janua-
Y. A y. 1850, at TWO O'Clock in the
fternooD of that day. at the north door
4 the Court House, in said city of Rock Island
ell at public auction, to the highest bidder for 4
ash in hand, the following tract of land In that
art OF said city OF Rock island known and called
nieago or Lower Addition described follows, L
0 wlt:-All Of block tel TO-, together with al
nd singular the bereditamen.s and appurtenan-
es thereunto belonging Ia any wise appertain-
ng thereto. Also al the machinery and fixtures, r,
u the tWentI-nith day of November, A. d. 1876, I'll
onianed IN the buildings on said premises and in
seq IN and about The business of manufacturing b.
Findow glass, carried by said corporation in al
aid city, and ali the right and equity of redemp- CT
on of the said The Rock Island Glass Company 10
and 10 the same, to ga isfy said bonded 1ndebt-
dness ano the costs OF SAID sale. al
Dated this twenty fourth day OF November, A ID. 10
=. JANIS M. BUFoRD, az a
Trustee -