The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-30

Trustees Sale.


,kiHEREAs, The Rock Island Glass compans;
wv corporation existing under the laws OF the
State of Illinois, by its certain mortgage or trust
deed, bearing date the twenty fifth day OF Novem-
Der, A. D. 1876, duly executed. acknowledged and
delivered, and duly recorded In the ONCE OF the
Recorder of Deeds In and for the county of Rock
Issnd. in the late of Illinois, on the twenty-sev-
enth day of November A. D. 1876, in volume I OF
mortgages at page 2s2 thereof, did grant, bargain
the following tract of land that part OF the city
OF Rock Island, in the county Of Rock Island and
or Lower Addition, described as follows, to-w1t; =
All of block (10), together with all and singular
the hereditaments and appurtenances thereunto
belonging or In any wise appertaining thereto;
also all the machinery and fixtures then contained In
about the business of manufacturing window glass;
carried by the said corporation, in SAID city,
and which said trust deed wac given Tor the pur
pose of securing the payment of one hundred and
fifty certain bonds of said corporation Tor the sum
OF I'VE hundred dollars eacn, a o-e Dealing uat on
the first day of August, A D. 1881, alter their date
to said James M. Buford, trustee or bearer, with
interest at the of ten per cent per annum, pay
able annually; said bonds having interest co upons
thereto attached for the annual interest TO become
due thereon reference 10 saa rus TUT;
Iced and to said record thereof being had, VIII
more fully and at large appear:
And WHEREAS, in and by said trust DEED IL was
among other things provided, that in case OF de-
fault in the payment of said bonds or any OF
them at the time they should become due or paya-
BILE according 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 such part thereof az
might be Necessary and ali the right and equity OF
redemption of said corporation In ana to the same
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
property to sold for twenty COO days in news
paper printed and published in said county; that
said trustee might also give such other and IKE
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 or as a WHOLE said trustee might de-
termine to be BEST but that the owner or
debtedness might direct how said property should
be sold and that said trustee should offer The same
for sale directed by them In writing; thai upon
such sale such trustee should sexecute, acknoWl-
edge and deliver to the purchaser or purchasers
good and sufhcient deed or DEEDS for the premises
sold 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 lete title ID
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
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
not be paid within ninety 900 days after the same
should be due and payable and presented for pay
ment, the whole of said bonded debt, principal and
interest should he due without apy future action
or notice on the part OF the owner owners of
said bonds or coupons, and said trustee when mott
fed OF such non-payment IN wiring, saoala 1 pro-
property in the same manner, at the same place
upon like notice, and in all respects the sale shall
provided in case of sale for nCn-payment of the
bonds at matnritys and that until default should
the sAid corporation should have the right to
possess and enjoy said premises and personal prop
erty for the purpose of its business but in of
defauIt in the payment of said bonds coupons as
tnsrein provided, the said trustee might enter 1p
conveyed with or without process OF law, and up
sale thereof as aforesaid deliver possession TO
the purchaser or purchasers according to the ex-
tent of his, her or their purchase:
And WHEREAS, there outstanding and
unpaid ninety 800 of said bonds and no more.
And WHEREAS, all the interest coupons thereto
belonging for the annual instalment of interest |
thereon which became due the first day af An |
gust, A d. 1873, were duly presented said cor
poration for payment at the Cate OF the maturity
thereof and there was then paid upon each thereof
the sum of thirty-one dollars and seventy-seven |
cents ($31 ~, and default then made by said
corporation in the payment of the remainder there
And WHEREAS. all the interest coupons to said |
last mentioned bonds belonging, for the annual In
sIailment of interest thereon which became due on
the first day of August, A D 1879 were duly pre-
scented to said corporation for payment 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
and payment thereof refused aforesaid where
by tue whole 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 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. 1875 aforesaid, and there is now due and IN
paid ther the of ffty-two thousand five |
hundred and ffty-three dollars and twenty cents |
$50. 553 20):
And WHEREAS, Philemon L. Mitchell the owner and
holder Of eighty five 1857 If said outstanding bonds
andof the unpaid pons thereto belongn gand al
so of the unpaid coupons upon two other of said out
Sanding bonds; and Philander L. Gable the owner
and holder of three 90 OF said outstanding
bonds and of the unpadlcoupu ms there to belong-I
ing, have duly notified the UNDER igDed, trustee
id.ln writing of the payment of said
pons and of said bonded Indebtedness aforesaid
and requested him TO a. 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 anne:
Now, THEREFORE, public notice is hereby given
that the undersigned, the said james NJ Buford
trustee us aforesaid, under and by virtue of the
aforesaid, wll,on Saturday the third day of Janua
-y D. 1885, at two O'Clock in the
afternoon of that day. at the north door
IF the Court House, in said ciiy of Rock Island
cash in hand, the following tract Of land in that
part OF said city Of Rock Island known and called
3hiCagO or Lower addition. described follows,
% wit:-All Of block ten (I0), together with al.
md singular the bereditaments and appurtenan-
,es thereuntO belonging il any wise appertain-
ng thu reto Also ali the machinery and fixtures.
81 the tYenty-6fih day OF November, A. Il. 1916,
contained III the buildings said premises and
lsed i'll and about the business of manufacturing
window glass. carried by said corporation in I
aid city, ard all the right and equity of redemp
Il and 10 the same, to isfy sud bonded indebt-
dness and the costs of SAID sale.
Dated this twenty fourth day of November, a. d.
S Q.
JANIS NJ. BUFoRD,
OsBoRN, CURTIS s. O'NEII, Att'ys 1l-24d32 ]