The Rock Island Argus., 1879-12-23

Trustees Sale.

Trustees Sale.
,s.HERFAs. The Rock Island Glass Company, a
Wv corporation existing under the laws OF tne
State of Illinois. by its certain mortgage or trust
ber A. ID. 1876, duly executed, acknowledged and
delivered, and duly recorded in the ofhce OF tne
Island, in the s ate Of Illinois, on the twenty-sev
enth day of November, A. ID 1875, in volume OF
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 koGk dsand ano
or Lower Addition, described ae follows, to-wlt =
All of block ten (lO), together with al ana
belonging or in any wise appertalnlng thereto
also all the machinery and fixtures then contained IN
the buildings on said premises, and used IN ana
abour 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
fifty certain bonds OF said corporation ior the sum
frst day of December A. D. 1876, and payable on
the day of August, A. D. 1881, alter their uhte
to said James M. Baford, trustee or bearer with
able annually; said bonds having interest co uPohs
thereo attached for the annual interest TO become
due thereon reference 10 SAID truel
Iced and to said record thereof being had, Will
more fully and at large appear;
among other things provided, that in csse of de.
fault in the payment of raid bonds or any OF
them at the time they should become due or pay a.
Bile according the terms thereof, the ead trustee
should upon the application OF the owner or own,
real and personal property, such part thereof a.
might be Necessary, and all the right ana equity Oh
redemption of said corporation Ia and to the same,
at public auction the highest bidder for each IN
hand. at the north door OF the Court House. in
ssid city, after having advertised such sale, the
time, place. terms thereof and description oil the
property to be sold for twenty (20) uays in news
paper printed and published in said county; that
said trustee might also give such other and ilke
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
/ AfNiG4 4nrlGn or n "
termine to be best, but that the owner or
owners of majority IN value OF sald nondea ~ 4
be sold and that said trustee should offer the same
for sale as directed by them In writing; tina upon
such sale such trustee should execut ackDoWl-
dge and deliver to the purchaser or purchase rs
good and sufficient deed or deeds for the prem ises
sold and bill of sale for the personal property OLD
tn al said deed deeds should convey 10 the pur-
chaser or purchasers full ana com plete tltle In
law ana e9ry ~ ana bo1d 90 pe and Geixer
any deed deeds to the premises sold az the
purchaser or purchasers might deem necesshr ry 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 or any OF them should
not be paid within ninety (90) days after the same
should De due and payable and presented for pay.
ment, the whole of said bonded debt, principal and
inter should be due without any future action
or notice on the part of the owner Or owners of
said bonds or coupons and said trustee when not
fed of such non-payment In writing, should pro-
ceed to advertise and sell said real and personal
property in the same manner, at the same place,
upon like notice. and in all respects tn sale shall
be conducted or conveyance mace as thereinbefore
provided in case 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 its business but in case of
default in the pay ymenI of said bonds coupons
rein provided, the satd trustee might enter lp-
on and take possession OF the property therein
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 (90) of said bonds and no more
And WHEREAS, all the interest coupons thereto
belonging for the ANIMAL installment of interest
lhereon which became due on the first day af Au
gust, a. ID. 1878 were duly presented to said cor
porafion for payment at the cate OF the maturity
thereof, and there then paid upon each thereof
CENTS s3l m and default was then made bv said
corporation in the payment of the remainder there
of:
last mentioned bonds belonging, forthe annual m
stallment of interest thereon which became due on
the first day Of August, A. ID 1879, were duly pre-.
sented 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 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, negects 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 hrst, A.
D. 1875 aforesaid, and there is now due and IN
paid ther on the sum of tifty-two thousand FIVE
hundred and hfly-three dollars aud twenty cents
$50 553 2O):
And WHEREAs, Philemon I. Mitchell the owner and
holder ofe eighty five (S5) # said outstanding bonds
audof the unpaid lons the belongin and al
so of1he unpaid coupons upon two Other of said out
standing bonds and Philander L. Gable the owner
and holder of three (3) of said outstanding
ing, haYo duly 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 10 al once proceed 10 advertise
and sell said real ana personal property above
mentioned for the payment thereof. as provided by
said deed of and whereas the. ders gned
such trustee, did thereupon enter upon and take
possession OF the property Aforesaid and now holds
the same:
Now, THEREFORE, public noticeis hereby given
thai the undersigned, the said James M. Buford,
trustee Aforesaid under and by virtue of the
power and authority to him given by the trust deed
aforesaid will, Saturday the thru day Of Janua
~, A ID. 1880, two O'Clock in the
afternoon of that day. at the north door
OF the Court House, in said ci'y of Rock Island,
sell Al public AucIiou, 10 The highest bidder, for
c. sh in hand the following tract of land in that
part of said city OF Rock Island known and cal cd
Chicago or Lower a ddition. described as follows,
TO wit:-All II block ten (10), together with al
ana singular the beredtaments and appurt, nan
Ces thereuntO belonging in any wise appertAin-
ing thereto. Also ali the machinery and hxturrs, |
the twentY-ffh day of November, A ID. 1876, |
contained in the buildings said premises and |
used in and about fhe business of manufacturing |
said city, AID all The right md equity OF redemp
ION Of the said The Rock Island Glass Company |
IL and 10 the same, to sa isfy said bonded indebt
edness and the costs of saId sale.
Dated this twenty-tourth day Of November, A. d. |
IS Q. |
JANIS NJ BUFoRD.
Trustee
OSBORN, CURTIS & o'NErL, Att'ys. 1I-24d3a