The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-04
LEGAL.
Trustees Sale.


,AJHEREAs, The Rock Island Glass Company,
w corporation existing under the laws of the
State of Illinois, by it's certain mortgage trust
deed, bearing date the twenty fifth 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
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 or in any wise appertaining thereto /;
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,
and which said trust deed wac given for the pur-
ffty certain bonds of said corporation for the sum
of ffve hundred dollars each, all bearing date the
first day of December, A. u. 1876, and payable on
the fret day of August, A ID. 1884, their date.
to said James M Buford, trustee or bearer, with
interest the of ten per cent per annum, pay
able annually said bonds having interest upons
thereto attached for the annual interest to become
due acre bsns to b sd
more fully and at large appear:
And WHEREAS, in and by said truet deed 1t was
among other things provided, that in case of de-
fault in the payment of eaid bonds or 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
of said bonds or any OF them, sell the said
might be Necessary and all the right and equity of
redemption of said corporation in and to the same
public auction, TO the highest bidder for cash in
hand at the north door of the Court House, in
said city, after having advertised such sale, 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 IKE
notice of said sale he in his dicsretion might
consider 10 be best; that said real and personal
property should be sold in such parts, lots, sub
divisions a whole, as said trustee might de-
termine to be best, but that the owner or
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 same
for sale directed by them ia writing; that upon
euch sale such trustee should execute, acknowl-
edge and deliver TO the purchaser purchasers
good and sufficient deed deeds for the premises
sold and bill of sale for the personal property sold
that said deed deeds should convey to the pur-
chaser purchasers , full and complete title in
law and equity in and to the premises sold, and
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
And WHEREAS In and by said trust deed it was
among other things further provided that in case
the said interest coupons any of them should
not be paid within ninety 900 days after the same
should De due and payable ana presented Tor pay;
ment, the whole of said bonded debt, principal and
interest, should be due without any future action
or notice the part of the owner or owners OF
said bonds coupons. and said trustee when noti
fed of such non-payment IN writing, should pro-
coed TO advertise and sell said real and personal
Droperty in tie same manner at the same place,
upon like notice. and in all respects tn sae shall
be conducted or conveyance made as therelnbefore
provided in case of sale for ncn. payment of the
bonds at maturity; and that until default should
be made in the Payment of said bonds or coupons
the said corporation should have the right to use,
possess and enjoy said premises and personal prop
erty the purpose of its business but in of
default in the payment of said bonds coupons as
tne rein provided, the said trustee might enter up
on and take possession of the property therein
conveyed with or without process OF law, and up
on a sale thereof as aforesaid denver possession to
the purchaser or purchasers according to the ax-
tent OF his, her or 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 installmenj of interest
thereon which became due the first day af Au-
gust, A. ID. 1873, were duly presented 10 said cor
poration for payment at the cate OF the maturity
thereof and there was then paid upon each thereof
cents ($3l ~, and default was then made by said
CO poraton in the payment Of the remainder there
And WaEREAs all the interest coupons to said
last mentioned bonds belonging, for the annual IN
the first day Of August, A. ID 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
due and payable ana were presented for payment,
and payment thereof refused = 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 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 irst, A.
d. 1873 aforesaid. and there il now due and I'M
paid Their, on the sum of ifty-two thousand five
hundred and hfty-three dollars and twenty cents
($52, 553 20):
And WHEREAS, Philemon L. Mitchell the owner and
holder Of eighty five (S5) # said outstau dino honds
andof the unpaid coupons thereto be.oagiuG and al
standing bonds; and Phiander L. Gable the owner
and holder of three CD of said outstanding
bonds and of the unpaidicoup rs there TO belong
ing have duly notified the undersigned, trustee as
Aforesaid In writing OF the non payment of said
pons and of said bonded indebtedness aforesaid
and requested him to al once proceed TO advertise
and sell said real and PERSONAL property ABOVE
mentioned for the payment thereof, Is provided by
said deed OF trust and whereas the. undersign
such trustee. did thereupon enter upon and take
possession Of the property aforesaid and now holds
the same;
Now. THEREFORE,, public notice is hereby given
thai the undersigned, the said James NJ. Buford, |
trustee as aforesaid, under and by virtue of the
aforesaid, will, on Saturday the third day of Janus
rs, A d. 1850, at two O'Clock in the |
afternoon Of that day. at the north door |
sell Mt public auction, to The highest bidder. for
cash in hand, the following tract of land in that
part Of said city of Rock island known and called
Chicago or Lower Addition. described as follows
to vital Of block ten (10). together with ali
and singular the hereditameatQ ana appurtenan-
ces thereunto belonging or ia any wise appertain-
Ig thereto. Also al the machinery and fixtures.
on the twenty fifth day OF November, A ID. 1876,
contained in the buildings said premises and
used in and about the business of manufacturing |
aid city, AID all the right and equity OF redemp-
ion of the said The Rock Island lIlAss Company
n and to the same, to i-fy said bonded lndebt~
sdness and the costs Of said sale
Dated this twenty -fou-ta day of November, a. D.
5 @,
JANIS NJ. BUFoRD,
OSBORN, CURTIS & o'NErL, Att'ys- 1I-2ids2