The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-18

Trustees Sale.

lTuSL06 y 0dlSs
aAIHEREAS, The Rock Island Glass Company,
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 duly recorded in the office of the
Recorder of Deeds in and for the county of Rock
Island in the State OF Illinois, on the twenty-sev
enth day of November A d. 1875, in volume \ OF
mortgages at page 2S2 thereof did grant, bargain,
sell and convey unto James M. Buford, az 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 appurtenanees thereunto
belonging or In any wise appertanlng . mere
the buildings said premises, and used IN ana
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 ana
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 fret day of August, A. D. 1881 alter their date,
10 said James NJ. Buford, trustee or bearer, with
interest the of 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 trnSi
deed and to said record thereof being had, Will
more fully and at large appear; -
And WHEREAS, in and by said trust deed 1t 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 sald 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 he necesssry and ali the right and equity OF
redemption of said corporation in and to the same,
public auction to the highest bidder for casn 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 (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 as he in his discretion might
consider to be beet; that said real and personal
property should be sold in such parts, lots, sub
divisions whole, as said trustee might de-
termine to be best, but that the owner or
owners of majority in value of said bonded IN,
debtednees might direct how said property should
be Sold and that SAID trustee should onef ne same
for sale as directed by them ia writing; that upon
such sale such trustee should eXecutS, acknowl-
edge and deliver to the purchaser or purchasers a
good and sufficient deed deeds for the premises
sold and bill of sale for the personal property sold
tn at said deed deeds ehould 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 deliver
any other deed deeds to the premises sold 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 iuIther provided that IN case
the said interest coupons or any Of them should
not be paid within ninety 800 days after the same
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 or owners OF
said bonds or coupons, and said trustee when mott
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,
upon ike notice. and In all respects the TaIe shal
be conducted Or conveyance made as therelnbefore
provided in of sale for nCn-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
ery the purpose of it's business, but in of
default in the payment of said bonds coupons as
the rein provided, the said trustee might enter Ip
on and take possession of the property therein
conveyed, with without process of law, and MP
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 800 of said bonds and no more.
Aud WHEREAS. all the interest coupons thereto
belonging for the ANIMAL installment of interest
thereon which became due on the first day af Au
gust, A. D. 1873, 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 thlrty-One dollars and seventy-seven
cents s31 10 and default was then made by said
corporation in the payment of the re mainder there
Of:
And WHEREAS. all the interest coupons to said
last mentioned bonds belonging for the annual in
stallment of interest thereon which became due on
the first day Of August, a. ID. 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 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 FL ncipal and
interest, bee me due as provided by said trust
deed:
And WHEREAS, said corporation, after demand
made. neglects and refuse TO pay lhes same:
coupons yet remain wholly due and unpaid, save
the payment said coupons due August first, A.
d. 1875 aforesaid. and there Is due and
paid Their on the sum of ffty-two thousand five
hundred and hfty-three dollars and twenty cents
So. 553 2U):
And WHEREAS Philemon L. Mitchell the owner and
holder Of eighty five $50 # said outstanding bond2,
andof the unpaid coupons thereto helongingand al
o. the unpaid coupons upon two other of said out
standing bonds; and Philander l.. Cable the owner
and holder Of three go of said outstanding
bonds and of the unpaid comp ms there TO belong
ing. have duly notihed the unders igned trustee
aforesaid.in writing of the payment of said cou
pons and of said bonded Indebtedness as aforesaid
and requested him TO at once proceed to advertise
mentioned for the payment thereof. provided by
said deed of trust: and whereas the, undersigned
possession of the property aforesaid, and now holds
the Gme:
Now. THEREFORE,, public notice is hereby given
that the undersigned, the said James NJ. Buford.
power and authority to him given by trust deed
aforesaid. will on Saturday the thiru day Of Janua-
a ~, ~ of that day at the north door
of the Court House, in said CITY of Rock Island,
sell ri 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 Lower Addition. described as follows,
10 vital Of block ten (l0). together with all
ces thereunto belonging or in any wise appertain
ing thereto Also ali the machinery and fixtures,
the tw-uty-ffth day Of November, A. D. 1876.
contained in the buildings said premises aud
used in and about the business of manufacturing
window glass. carried by said corporation in
said city, aid all the right and equity OF redemp
ton of the said The Rock Island Glass Company
in and to the same, TO "a isfy said bonded ipdebt-
eduess and the costs of SAID sale.
Dated this twenty fourth day of November, A. d.
18 o.
OSBORN, Curtis & O'NEIL, Att'ys. 1I-2ld32