The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-20
LEGAL,
Trustees Sale.

IL L tASGCC . RcNAOs
tAIHEREAS, The Rock Island Glass Company,
w corporation existing under the laws OF the
State of Illinois, by its certain mortgage or trust
deed, bearing cate the twenty-ffth day OF NoVem,
Der, A. ID. 1876, duly executed, acknowledged anu
delivered and duly recorded in the Office of the
Recorder of Deeds, in and for the county OF ROCK
enih day of November, A. D. 1876, in volume Y of
mortgages, at page 2S thereof, did grant, bargain
sell and convey unto James NJ. Butord, a. trustee,
the following tract of land in that part OF the city
of Rock Island, in the county OF Rock Island, ana
State Of Illinois knoTh ana Gaisa onIfago
All of block 10 together with all and singular
the hereditaments and appurtenances thereunto
also all the machinery and fixtures then contained In
the buildings 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 was given for the pur
pose of securing the payment of one hundred and
of five hundred dollars each, all bearing date the
first day of December, A. D 1915, and payable on
the irst day of August A D. 1881, after their date
to said James NJ. Buford, trustee or bearer, Win
ntere-t at the rate of ten per per annum, pay
able annually; said bonds having interest co upons
thereto attached for the annual interest 10 become
due thereon respectively reference 10 sala trGs
deed and to said record thereon oelng had, VIII
more fully and at large appear:
And WHEREAS, in and by said trust deed 1t was
fault in the payment of said bonds any of
them at the time they should become due or paya-
should upon the application of the owner or own
ers of said bonds any OF them, sell the sald
real and personal property sCch part dr
might be Necessary, and all the right and equity of
redemption OF said corporation IN ana to the same
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 (2O) Gays IN news
paper printed and published i'll said county; tnal
said trustee might also give such other and like
notice of said sale as he in his dlcsreuon 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 SAID BONDED IN
debtedneee might direct how said property should
be sold, that said trustee should offer The same
for sale directed by them i'll writing; tina al on
epch sale euch trustee should execut ackI WI
edge and deliver to the purchaser or purchase rs
good and sufficient deed or deeds Tor the pre- ises
sold and bill of sale for the personal property old
tb at said deed or deeds should convey 10 tn pur-
chaser purchasers full and com plete tue In
law and equity in and TO the premises sold and
that said corporation should execute and q liver
any other deed deeds to the premises cold as the
purchaser or purchasers might deem necess. ~ to
vest il them full and complete title in fee sim
And WHEREAS in and by said trust deco was
among other things Jurther provided that L case
the said interest coupons or any OF them 81, uId
not be paid within ninety 900 days after the saul
should De due and payable anu presented for pay
ment, the whole OF said bonded debt, principal ano
interest, should be due without any future action
or notice on the part o. the owner or owners OF
sa1d bonds or coupons, and said trustee when mott
fed OF such D0n-paYment IN writing, should pro
coed TO adveltis and sell SAID real and personal
properly Ia tie same manner, at the same place.
upon like notice, and in all respects tn Sale shall
be conducted o. conveyance made as thereinb fore
provided IN case of sale for non payment of the
bonds at maturity; and thai until default should
BIZ made in the ayment Of said bonds or coupons
the said corporation should have the right TO use
possces and enjoy said premises and personal prop
erty the purpose of its business but in OF
default in the pay men Of said bonds or coupons as
the rein provided, the aid trustee might ente up
and take possession of the property therein
conveyed, with or without process OF law, and up
sale thereof as aforesaid denver possession to
the purchaser or purchasers according to the ex-
tent OF his, her 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 installnent of interest
thereon which became Que on The first day af Au
gust, a. ID. 1SIS, were duly presented 10 said cor
poration for payment at the rate of the maturity
thereof and there was then paid upon each thereof
the sum Of thirty-one dollars and seventy-seven
cents ($3l. ~, and default was then made by said
Of f0i-' " ''' u INV X Ina --'e' '''''e
And WHEREAS all the interest coupons to said
last ncni TONED bonds belonging, for the annual IN
slallmeut of interest thereon which became due on
the first day Of August, A. ID 1879 were duly pre-
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
and raymc6r thereof refused NJ Aforesaid Iwhere
by tue who,e OF said bonded debt, principal 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
the payment on said coupons due August first, A
D. 1S.5 aforesaid, and there is now due and un-
paid Their on the sum of hfty<two thousand five
hundred and ff1y-three dollarr and twenty cents
(S52, 553 20):
And WHEREAS, Philemon L. Mitchell the owner and
holder Of eighty five S5l + said outstanding bonds
ando the unpaid coupons thereto belonging and al
ofthe unpaid coupons upon two Other OF said out
standing bonds and PhlanCer l.. Gable the owner
and holder of three (3) of said outstanding
bonds end OF the unpaidsconp rs there 10 belong
ing. have du notified the undersigned, trustee as
aforesaidn writing Of the non-payment of said cou-
pons and of said bonded Indebtedness as aforesaid
and requested him to al once proceed TO advertise
ana sell said real and personal property ABOVE
mentioned for the payment thereof. assproviGed by
said deed OF trus: and whereas the. dersgned, as
such trustee, did thereupon enter upon and take
possession of the property aforesaid and holds
the
Now, THEREFORE,, public noticeis hereby given
trustee aforesaid, under and by virtue of the
power and authority to him given by the trust deed
afternoon of that day. at the north door
of the Court House, in said city of Rock Island, |
sell public auction, to The highest bidder, for |
cash in hand, the following tracI of land in that
part Of said city of Rock sland known and called
Chicago Lower addition. described as follows, |
and singular the heredltaucltS ana appurt, nan |
ces thereupto belonging or ID any wise appertain-
The twr ntY-ffth day Of November A. ID. 1876, |
contained in the buildings said premises and |
used in and about the business Of manufacturing |
window glass. carried by said corporation in |
ton of the said The Rock Island Glass Company !
ii and To she same, to "a isfy said bonded indeb-
edHess ana the costs of SAID sale.
Dated This twenty-fourth day q November, A. d. |
JANIS NJ. BUFoRD,
OSBORN, CURTIS s. o'NEIL, Att'ys. 11-24d32