The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-19
LEGAL,
Trustees Sale.

Trustees Sale.
MIHEREAs, The Rock Island Glass Company, q
w corporation existing under the laws OF the
deed, bearing date the twenty-hfth day Of Novem-
Der, A. d. 1876, duly executed, acknowledged and
delivered and dulv 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-
enih day of November, A. D. 1875, in volume Y OF
mortgages, at page 2S2 thereof did grant, bargain,
sell and convey unto James NJ. Buford, as trustee,
following tract of land in that part of the city
State of Illinois, known and called Chicago
or Lower Addition, described follows, to- wit =
the hereditaments and appurtenances thereunto
belonging 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,
and which said trust deed was given for the pur-
pose of securing the payment OF one hundred and
of i've 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, 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 coupons
thereto attached for the annual interest to become
due thereon reference to said trust
deed and to said record thereof being had, will
And WHEREAS, in and BY said trust deed it 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 to the terms thereof, the said trustee
| should upon the application of the owner or own
| ers of eaid bonds any OF them, sell the said
real and personal property or such part thereof a
might be Necessary, and all the right and equity OF
redemption of said corporation in and the same,
public auction TO the highest bidder for each 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 to be sold for twenty (2O) 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
consider to be best; that said real and personal
property should be sold in such parts, lots, sub
divisions 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 same
for sale as directed by them in writing; tha NJ on
such sale such trustee should execut~, ackn' WI
good and suicient deed or deeds for the pref :ses
sold, and bill of sale for the personal property old
that said deed or deeds should convey TO tn, pur-
chaser purchasers full and com plete title In
law and equity in and to the premises sold and
that said corporation should execute and oe liver
other deed or deeds to the premises sold at the
purchaser purchasers might deem nocesshj y to
vest in them fun and complete title in fee Tim
ple:-
And WHEREAS in and by said trust deed it was
among other things further provided that II case
the said interest coupons or any Of them ell, uld
not be paid within ninety 900 days after the san
should De due and payable and presented for 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 owners OF
said bonds or coupons, and said trustee when mott
fed OF such DOn-paYment In writing, should pro-
coed 70 advertise aud sell SAID real and personal
property in the manner, at the same place,
be conducted or conveyance made as thereinbefore
provided in case Of sale for non payment of the
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
erty Tor The purpose of it's business but in of
default in the pay ment of said bonds coupons
on and take possession of the property therein
conveyed, with or without process OF law, and up
on sale thereof as aforesaid denver possession to
the purchaser or purchasers according to the ex-
tent OF his. her or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety 600 of said bonds and nc more
And WHEREAS, all the interest coupons thereto
belonging for the annual installmenL of interest
thereon which became que on the first day at Au
gust, A. ID. 1873 were duly presented TO said cor
poration for payment at the cate OF the maturity
thereof, and ere then paid upon each thereof
the sum of thirty-one dollars and seyenty-seyen
cents S3l. 10, aud default then made by said
cooperation in the payment of the remainder there
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. ID. 1879, were duly pre-
scented to said corporation or 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 aforesaid, where
by tue Whole of said bonded debt pr ncipal and
interest, became 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 Que and unpaid, save
the payment on SAID coupons due August first, A. |
ID. 1873 aforesaid. and there is due and I'M
paid Their the sum of ffty-two Thousand five |
hundred and ffty-three dollars and twenty cents |
$50. 553 2O):
And WHEREAS. Philemon l. Mitchell the owner and |
holder Of eighty (S5) # said outstanding bonds
andof the unpaid coupons thereto belonging and al
90 Of unpaid coupons upon two other of said out
standing bonds; and Philander L. Cable the owner
and holder of three (3) of said outstanding |
bonds and of the unpaidiCoupu there to belong
ing. have duly notified the under igned trustee as
dir al q n of sal
and requested him once proceed to advertise |
and sell said real and personal property above
mentioned for the payment thereof. as.pTovided by
said deed OF trust: and whereas the undersigned
such trustee, did thereupon enter upon and lake |
possession Oft property aforesaid, and now holds
the same:
that the undersigned, the said James M. Buford, I
trustee aforesaid, under and by virtue of the !
and authority to him given by the trust deed
aforesaid, will saturday the third day Of Janua
afternoon of that day. at the north door
of the Court House in said city of Rock Island,
cash in hand, the following tract of land in that
part of said city of Rock island known and called
Chicago Lower edition. described q follows
to it:-All of block ten (10), together with all |
ces thereunto belonging or IN any wise appeTtain
ing thereto. Also ali the machinery and fixtures
On the twenty With day of November, A. D. 1876
con aimed i'll the buildings said premises and
used in and about the business of manufacturing
window glass. carried on by said corporation in
said city, and alt the right and equity OF redemp
in and to the same, 10 isfy said bonded indebt-
edness and the of SAID sale
Dated this twenty-fourth day of November, A. ID.
1919.
JANIS NJ. BUFoRD,
osEonE, CURTIS & O'NEIL, Attys. 1l-24d32