The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-06
LEGAL.
Trustees Sale.

tAIHEREAS, The Rock Island Glass Company,
wv corporation existing under the laws OF the
State of Illinois by its certain mortgage or trust
deed, bearing date the twenty-fft day OF Novem,
Der, 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, in the State of Illinois, the twenty-sev-
enth day of November, A. D. 1876, in volume Y of
mortgages at page 2S2 thereof, did grant, bargain
sell and 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 10) together with all and singular
the Entertainments and appurtenances thereunto
belonging in any wise appertaining thereto I;
also all the machinery and fixtures then contained In
the buildings or on said premises and used in and
about the business of manufacturing window glass,
carried on by the said corporation, In said city,
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 date the
first day of December. A. ID 1876, and payable on
the first day of August A ID. 1881, after their date
TO said James M Buford, trustee or bearer, with
interest at the rate OF ten per cent per annum pay
able annually said bonds having interest Oupons
thereto attached for the annual interest TO become
due thereon respectively reference to SAID trGs
Iced and to said record thereof being had, Will
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 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
at 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
property be 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 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
owners of majority in value of sald bonded In
debtedness might direct how said property should
be sold and that SAID trustee should oer the same
for sale directed by them ia writing; that upon
such sale such trustee should execute, acknowl-
edge and deliver to the purchaser or purchasers
good and sufficient deed or deeds for the premises
sold and bill of sale for the personal properly sod
that said deed or deeds should convey TO the pur-
chaser purchasers full and complete title in
law and equity in and to the premises sold, ana
that said corporation should execute and deliver
any 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:-
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 be due without any future action
notice the part or the owner or owners OF
said bonds coupons, and said trustee when mott
fed Of such nou-paYment III writing, should pro-
coed to advertise and sell SAID real and personal
property in the same manner at the same place.
upon like notice, and in all respects the sae shall
provided IN case OF SAFE Tor nc n pay ment OF tne
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 use,
possess and enjoy said premises and personal prop
ery tor the purpose of its business, but in case OF
default in the payment of SAID bonds coupons as
tne rein provided, the raid trustee might enter up
on and take possession of the property therein
conveyed, with without process of law, and up
on sale thereof as aforesaid deliver possession to
the purchaser purchasers according to the ex-
tent OF his, her or their purchase:
AM
unpaid ninety 600 of said bonds and no more.
And WHEREAS, all the interest coupons thereto
belonging tor the ANIMAL installmenJ of interest
thereon which became due on the first day af Au.
gust, a. d. 1878, were duly presented to said cor
poraton for payment at the cate OF the maturity
thereof and there was then paid upon each thereof
the sum of thirty-One dollars and seyenty-seven
cents ($3l71), and default was then made by said
corporation in the payment Of the re ainder there
of:
And WHEREAS. all the interest coupons to said
last mentioned bonds belonging, for the annual IN
stalment Of interest thereon which became due on
the first day of August, A. d 1879, were duly pre-
sented to SAID corporation Tor 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 the whole OF said bonded debt. principal and
interest, became due as. provided by said trust
deed
And WHEREAS, said corporation after demand
made. neglects and refuse 20 pay the same:
And WHEREAS, SAID last mentioned bonds and
coupons vet remain wholly due and unpaid save
the payment on said coupons due August first, A.
d. 1879 aforesaid and there is now due and I'M
paid Their, the sum of nfty-two thousand five
hundred and ffty-threc dollars and twenty cents
$52 553 30:
And WHEREAS. Philemon L. Mitchell the owner and
holder Of eighty five (s5) said outstanding bonds
andof the unpaid coupons the fetO belonging and al
Of the unpaid coupons upon two other OF said
standing bonds and Philandcr l.. Cable the owner
and holder of three 49, of said OUTSTANDING
bonds and OF the unpaid conp there to belong
ing, have duly notified the under igned, trustee
aforesadin writing of the non-paym ent of said
poDs and of said bonded indebtedness :foresaid
and requested him to a. once proceed % advertise
and sell said real AID pet-Onal property a5Ove
mentioned for the payment Thereof. provided by
said deed of trust: and whereas the. undersigned
such trustee, did thereupon enter upon and lake
possession of the property aforesaid, and holds
the same:
Now THEREFORE, public notice is hereby given
trustee aforesaid, under and by virtue of the
power and authority to him given by he trust deed
aforesaid, will, on saturday the third Gay OF Janua
Y, : d. lsea at two O'Clock IN the
OF the Court House. in said CITY of Rock leland,
sell nj public auction, TO The highest bidder, for
part Of said city of Rock Island known and called
Chicago Lower Addition described as follows,
10 vital Of block ten (10) together with al
and singular the hereditaments and appurtenan-
ing thereto Also ali :he machinery and fixtures,
the tTentY-hiIh day of November, A. ID. 1876,
contained in the buildings or ON said premises and
used in and about the business of manufacturing
window glass. carried on by said corporation in |
said city, and all the right and equity OF redemp
ton of the said The Rock Island Glass Company |
in and 10 the same, to isfy said bonded indebt-
edness and the costs of ssld sale.
Dated this twenty-fourth day of November, A D. |
IS 9.
8AMEs N. BUFoRD,
OSBORN, CURTIS i O1NEI1, Att'ys. 1l-24d8s