The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-27

Trustees Sale.

Trustees Sale.
,AlHEREAs, The Rock Island Glass company,
wv corporation existing under the laws OF the
State of illinois, by is certain mortgage or trust
deed, bearing date the twenty-hf day OF Novem1
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 1875, in volume Y OF
mortgages at page 282 thereof, did grant, bargain,
sell and convey unto James M. Buford, as trustee,
the following tract of land that part OF the city
of Rock Island, in the county Of Rock leland, ana
or Lower Addition, described as follows, to-wit :
All of block ten 0), together with all and singular
the hereditaments and appurtenances tnereu an
also all the machinery and fixtures then contained
the buildings or on said premises ana useo N ana
about the business of manufacturing window glass,
carried on by the said corporation, in said city,
and which said rust decd wac given for the pur,
fty certain bonds of said corporation for the sum
of five hundred dollars each, all bearing date the
fret day of December. A. ID. 1876, and paYaole on
the rst day OF August A d. 1884, alter their date,
to said James M. Buford, trustee or bearer, Win
aba snnnaT said bonds having Interest 1Pons
thereto attached for the annual interest 20
ne n ssRs reeoS being had viii
more fully and at large appear
| And WHEREAS, in and by said trust deed 1t was
fauIt In the payment of said bonds or any OF
them at the time they should become due or pay a.
Bile according to 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 salo
real and personal property, such part thereof ae
might be Necessary and ali the right and equity OF
redemption of said corporation In and to the same
public auction, TO the highest bidder Tor cash 70
hand at the north door OF the Court house. ID
SAID city after having advertised such sale, the
time, place, terms thereof and description OF the
paper printed and published in said county; thai
said trustee might also give such other and Ike
| Consider 10 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 OF
owners of majority in value OF SAID bonded IN
debtedness might direct how said property shouIo
he sold and that SAID trustee should offer the same
| for sale directed by them in writing; thai upon
| such sale such trustee should execut,, acknowI
edge and deliver to the purchaser or purchasers
good and suficent deed or deeds for the premises
sold and bill of sale for the personal property sold
that said deed deeds should convey TO the pur'
chaser or purchasers full and com plete title In
| law and equity in and to the premises sold, and
| that said corporation should execute and delveI
any other deed deeds to the premises cold 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
be paid within ninety 900 days after the same
should be due and payable ana presented for pay
Ihe I 6e due wtbout nre action
or notice the part of the owner or owners OF
said bonds or coupons, ana sale trustee Wnen nou
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,
pom like notice, and in all respects the sale shall
be conducted conveyance made as thereinbefore
provided in Gaze of sale for nc n payment of the
bonds at maturity; and that until default should
| be made in the tayment of said bonds coupons
the said corporation should have the right 10
possess and enjoy said premises and personal prop
erty tor the purpose of it's business but in of
default in the payment of said bonds or coupons as
,ein progided the said trustee might enter up
| on and take possession of the property therein
conveyed, with without process OF law, and up
on sale thereof aforesaid denver possession to
the purchaser purchasers according to the ex-
tent OF his, her or their purchase: ~
And WHEREAS, there are now outstanding and
unpaid ninety 900 of said bonds and no more.
And WHEREAS, all the interest coupons thereto
belonging for tLe annual lnstalment OF interest
thereon which became due on the first day af Au.
gust A. ID. 1878 were duly presented TO 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 1881. 10, 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
stallment of interest thereon which became due on
the first day of August, A d 1879, were duly pre-
scented to said corporation for payment at the date
of the maturity thereof, and payment thereof was
by said corporation refused.
And WHERE'S. mare man ninety days have
elapsed since said coupons respectively became
due and payable and were presented for payment,
and payment thereof refused aforesaid, where
by tne Whole of said bonded debt. T'ncipal and
interest, bee me due as provided by said trust
deed:
And WHEREAS said corporation, after demand
made. negleCts and refuse TO pay thesanle:
And WHEREAS. ssid Lass mentioned bonds and
coupons yet remain wholly due and unpaid, save
the payment on said coupons due August first, A.
d. 1876 aforesaid, and there is due and IN
paid ther the of hfty-two thousand five
hundred and ffty-three dollars and twenty cents
($52 553 20):
And WHEREAS, Philemon mitchell the owner and
holder Of eighty five S5) Il said outstanding bonds
audo the unpaid coupons thereto belonging and al
the unpaid coupons upon two other of said out
standing bonds; and Philander L. Cable the owner
and holder of three 90 of said outstanding
bonds end of the unpaidEcoupu ms there to belong
ing. have duly notified the undersigned, trustee as
afOresaidin writing of the non-payment of said cou
pons and of said bonded Indebtedness as aforesaid
ard requested him to at proceed to advertise
and sell said real and personal property above
mentioned forthe payment thereof. a. 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 same:
Now, 11lEREFoRg, public notice is hereby given
that the undersigned, the said James M. Bufcrd
power and authority to him given by The trust deed
aforesaid, wilton Saturday the third day Of Janua-
re-, A d. 1850. at two O'Clock in the
afternoon of that day. at the north door
of the Court House, in said city of Rock leland,
sell ct public auction to The highest bidder, for
cash in hand the following tract Of land in that
part of said city of Rock sland knewn and called
Chicago or Lower : EDITION. described as follows,
to vital IF block ten l1O) tOse .her with al.
ces thereunto belonging or in any wise aPpertain-
ing thereto. Also al the machinery and fixtures,
IN the twenty fifth day of November, A. ID. 1876,
contained III the buildings or on said premises and
used in and about the business of manufacturing
window glass. carried by said corporation in
said city, and all the right end equity of redemp-
ton of the said The Rock Island Glass Company
in and TO the same to ga isfy said bonded indebt-
edness and the costs Of SAID sale.
Dated this twenty fourth day Of November, A. D.
1S.a
JANIS NJ. BUFoRD,
Trustee.
OSBORN, CURTIS & O'NErL, Att'ys. 1I-a4d82