The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-12-22
LEGAL.
Trustees Sale.

ItAIHEREAS, The Rock Island Glass Company,
wv corporation existing under the laws OF the
deed. bearing cate the twenty-nfth day Of Novem--
her, A. ID. 1876 duly executed. acknowledged ana
delivered, and duly recorded in the Office OF the
Recorder of Deeds, in and for the county of Rock
Island in the 8 ate OF Illinois. on the twenty-sev-
enh day OF @ s,aof ls i a rant baTpa ~
sell convey unto James Nj. Buford, as trustee,
the blowing tract of land in that part of the city
of Rock Island, in the county of Rock Island, and
State OF Illinois, known ana called Cnlcago
or Lower Addition, described as follows, to-wI;-
All of block ten (1O), together with all ana singular
| the Entertainments and appuTtenances thereunto
belonging or in any wise appertaining thereto
the buildings or said premises, and used in and
about the business of manufacturing window glass
carried on by the said corporation, IN salu CITY,
and which said trust deed was given Tor the pur
pose of securing the payment of one hundred and
fifty certain bonds of said corporation for the sum
of five hundred dollars each, all bearing dale the
fret day of December. A. ID. 1876, and payable on
the first day of August A D. 1881, after their date
| to said james NJ Buford trustee or bearer, with
interest at the of ten per cent per annum, pay
thereto attached for the annual interest TO become
due thereon respective ly-as reference TO SAID trus
deed and to said record thereof being had' VIII
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-
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 said
real and personal property or such part Ihereoi az
",
redemption of said corporation In ana TO the same,
public auction to the highest bidder for cath IN
| hand ut the north door of the Court House, IN
said city, after having advertised such sale, the
time, place, terms thereof and description OF tne
paper printed and published in said county; that
said trustee might also give such other ana IKE
notice OF said eale as he in his discretion might
consider to be best; that said real and personal
property should be sold in such parts, lots SUD
termi1e to be best, but that the owner or
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 directed by them III writing; thai upon
such sale such trustee should execut,, ackncWI-
edge and deliver 10 the purchaser or 10
good and sufficient deed or deeds for the prem ses
sold, and bill of sale for the personal properly od
that SAID deed or deeds should convey TO tn pnr-
chaser purchasers full and complete tile In
law and equity in and TO the premises sold, ana
that said corporation should execute and delVer
any other deed leeds to the premises sold sc the
purchaser purchasers might deem necessi ry to
vest in them full and complete title in fee sim
pe:-
And WHEREAS in and by said trust deed it was
among other things urther provided that ID case
the said interest coupons or any of them should
not be paid within ninety (90) days after the same
should be due and payable and presented for pay
ucnt, the whole OF SAID bonded debt principal and
interest, should be due without any future action
or notice on the part of the owner or owners of
said bonds 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 manner, at the same place,
upon like notice. and in all respects tho sale shall
be conducted Or conveyance made as therelnbefore
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
tie said corporation should have the right to use
pUseess and enjoy said premises and personal prop
ery the purpose of it's business, but in case of
default in the payment Of sa1d bonds or coupons az
the rein provided the sat~trustee might enter lp-
on and take possession OF the property therein
conveyed, with or without process OF law, and up
ON sale thereof as aforesaid deliver possess on to
the purchaser or purchasers according to the cX
tent OF his her or their purchase:
And WHEREAS, there aye outstanding and
unpaid ninety 900 of said bonds and no more
Aud WHEREAS, all the interest coupons thereto
belonging for the annual installment of interest
thereon which became due the first day af Au.
gust, A. u 1875 were Gully presented 10 eafd cor
poTat.0n for payment at the cate OF the maturity
thereof, and there then paid upon each thereof
the sum Of thirty-one dollars and seventy-seven
1881. "a. 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 m
syaiment of interest thereon which became due on
the first day Of august A d 1879, were duly pre-
scented TO said corporation for payment 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 payment thereof refused aforesaid where |
by tue whole of said bonded debt Pr ncipal 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 |
coupons Yet remain wholly due and unpaid save |
the payment on said coupons due August first, A |
paid ther on the sum of hfty-two thousand five |
hundred and ffty-three dollars and twenty cents |
($52 553 2O):
And WHEREAS. Philemon l. Mitchell the owner and |
holder II eighty five 1857 # said outstanding bonds
andof the unpaid coupons thereto belongng and al
CfIhe unpaid coupons upon two other of said out
standing bonds and Philander l.. Cab,e the owner /
and holder of three (3) of said outstanding |
bonds and OF the unpaid3coup MS there TO belong
ing, have duly notified the undersigned, trustee as
aforesadin writing of the payment of said cou-
poDs and OF said bonded Indebtedness as aforesaid
and requested him to al once proceed TO advertise |
and sell said real and personal property above |
mentioned for the payment thereof. as,provded by |
said deed of trust: and whereas the undersigned
such trustee, did thereupon enter upon and take /
possession 1.-THE property aforesaid, and now holds
the same:
Now, THEREFORE, public notice lie hereby given
thai the undersigned, the said James NJ. Buford |
trustee aforesaid, under and by virtue of the |
power and authority to him given by the trust deed
rg- q ID. 1880, two o'clock in the /
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 tract of land in that
part Of said city of Rock Island known and called
Chicago or Lower Addition. described as follows,
and singular the hereditaments and appurt' nan
Ccs thereunto belonging or in any wise appertain.
ing thereto. Also ali the machinery and fixtures,
On the twsntv-fifth day of November, A. ID. 1876,
used in and about the business Of manufacturing
window glass. carried by said corporation in |
said city, AID all the right end equity Of redemp-
tion of the said The Rock Island Glass Company
in and TO the same, isfy said bonded indebt-
edness and the costs of SAID sale.
Dated this twenty Fourth day OF November, a. d.
is 9.
JANIS NJ. BUFoRD,
Trustee. |
OsBoRN, CrETJs & O'NEIL, Att'ys. 1I-2id32