The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-02
LEGAL.
Trustees Sale.

xAIHERE as, The Rock Island Glass CompanS
w corporation existing under the laws OF the
state OF Illinois, by it's certain mortgage trust
deed, bearing date the twenty-nfth day OF NoVem-
Der A. d. 1876, duly executed, acknowledged and
delivered, and duly recorded in the flee of the
Recorder of Deeds, in and for the county OF ROCK
Island, IN the ate OF ILLINOIS on the twenty-sev.
mortgages at page 2S2 thereof, dld 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
Lower Addition, described as follows, to- witt
All of block ten (10 together with all and singular
the hereditaments and appurtenanoes thereunto
belonging or In any wise appertaining thereto
also all the machinery and fixtures then contained In
the buildings said premises, anu used in and
about the business of manufacturing window glass.
carried on by the said corporation, in said city,
and which said rust deed wat given for the pur
pose OF securing the payment OF one hundred nd
fifty certain bonds of said corporation for the sum
Of five hundred dollars each, all bearing date the
first day of December. A. ID 1876, and payable on
the first day of August, A D. 1881 alter their date
to said James M. Buford trustee or bearer, with
iuteret at the rate of ten per cent per annum pay
able annually said bonds having interest coupons
thereto attached for the annual interest to become
due thereon reference to said trust
Iced and to said record thereof being had, will
more fully and at large appear:
And WHEREAS, III and by said trust de ed 1t wac
among other things provided, that in CAGE OF de
fault in the payment of said bonds or any OF
them at the time they should become due or paya
according to 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
redemption of said corporation ia and to the same
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 a news
paper printed and published in said county; that
said trustee might also give such other and iike
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
divisions as a whole, as said trustee might de.
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 i'll writing; tina upon
such sale such trustee should execut acknowl-
edge and deliver to the purchaser or purchasers a
good and sufficient deed or deeds TOR the premises
Sold and bill of sale for the personal property sold
that said deed or deeds SHOULD convey 70 the put!
chaser or purchasers full snd com plete ritle IN
law and equity in and to the premises cold and
that ead corporation" should execute and deliver
any other deed or deeds to the premises sod as the
purchaser or purchasers might deem necessary to
vest III them full and complete title in fee sim-
ple;-
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
should be due and payable ana presented for pay
ment, the whole OF said bonded debt, principal and
interest, should be due without any future action
or notice on the part of the owner or 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 real and personal
property in the same manner, at the same place
upon ike notice. and in all respects tn sale shall
be conducted or conveyance made as thereinbefore
provided in case Of sale for ncn payment of the
bonds at maturity; and that until default should
b. made in the aymept Of said bonds or coupons
the said corporation should have the right to use
possefs and enjoy said premises and personal prop
erty Tor the purpose of it's business but in case of
default in the pay of said bonds or coupons as
the rein provided, the raid trustee might 1p-
on and take possession of the property therein
with ar without process OF law, and up-
on sale there of aforesaid denver possession 10
the purchaser or purchasers according to the ex-
tent OF his, her or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety $500 OF said bonds and no more
And WHEREAS; al the interest coupons thereto
belonging Tor the annual installmenI of interest
thereon which became due The frs day at Au |
gust a. ID. 1878 were duly presented to laid cor
poration for payment at the Gate OF the maturity
thereof and there was then paid upon each thereof
the sum of thrty-one dollars and seventy-seven
cents ($31 ~, and default then made by said
rporaion In the payment of the remainder there
Of:
And WHEREAS. all the interest coupons 10 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-
81 nteo to said corporation for payment at the date
Of the maturity thereof, and payment thereof was
by SAID corporation refused:
And WHERKAs. 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 who,e OF said bonded debt, pr ncipal and
Interest, bee me due as provided by said trust
deed:
And WHEREAS, said corporation, after demand
made, neglects and refuse 20 pay the same:
And WEEREAs, said last mentioned bonds and
coupons yet remain wholly due and unpaid save
.he payment on said coupons due August fret, A.
d. 1875 aforesaid. and there is now due and IN
paid Their on the sum of hfty-two thousand five
hundred and ffty-three dollars and twenty cents |
$52 553 2U):
And WHEhEAs, Philemon L. Mitchell the owner and |
holder f eighty five 1881 Il said outstanding bonds
Indof the unpaid coupons the eto belonging and al
% Of the unpaid coupons upon two other of said out
standing bonds and Philander L. Cable the owner
md holder OF three go of said outstanding 1
'onds and OF the unpaldscoup Us there TO belong
ng. have duly notified the under igDed. trustee as
in writing Of the non-payment OF said cou-
IONS and of said bonded Indebtedness as aforesaid
nd requested him TO al once proceed to advertise
nj sell said real and personal property above |
Mentioned for the payment thereof AZ provided by
aid deed Of tr0s; and whereas the I'm dersigned as
UGH trustee, did thereupon enter upon and take |
ossession ofthe property aforesaid, and now holds
he rame:
hal the undersigned, the said James NJ Bnford,
rustee Aforesaid, under and by virtue of the
over and authority to him given by The trust deed
foresaid, will, Saturday the third day of Janua
y, A u. 1880, two O'Clock in the
fternoon of that day. at the Forth door
the Court House, in said city of Rock Island,
ash in hand. the following tract of land in that
art OF said city of Rock Stand known and called
hicago or Lower addition described as follows,
D wit:-All of block ten (10l together with al
nd singular the Entertainments and appurtenan-
Is therennto belonging or Ia any wise appertain
y thereto. Also all the machinery and fixtures, Z
tne twenty-hfih day of November, A. ID. 1876 /
obtained In the buildings said premises and
seq In and about the business of manufacturing I
lnoow glass carried on by said corporation IN Z
aid city, aud all the right End equity OF reaemp-
on OF the said The Rock Island glass; company I
and to the same, to ga isfy said bonded indeOt-
dness and the costs of said sale q
Dated this twenty fourth day OF November, a u. 4
80. ,
Trustee.
OSBORN, CURTIS g. o'NE1L, Att'ys. 1l-24ds2