The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-05-04

- RAILWAY UNDER DECREE OF f0kE-
CL0sURE.-By virtue aud IN pursuance o, q oe'
state Of North Carolina. made In cause there
nendjng wherein Edwin Matthews. for himself and
others Is plaintiff and The a S,n, Tn' Timeshy
H. Porter. trustees and James l.: Dawes ana 30
Brander Matthews, trustees. are defendants inc IN
dersigae. commissioners appon ell Oy Tue saiu de-
cree will sell by public auction. to the highest bid
der, at The court. house door. IN the city OF w
mington, in the State Of North carolina, on MoN,
O'Clock NJ, the ENTIRE RAILROAD, as The same
exists and IS now u.s. d, known as The "CAROL'NA
CENTRAL RAILWAY" rs well the portion now
built aud completed. extending from he city OF
Wilmington IN said state Of North Caroliua. 10 he
town OF shelby, IN said state. distance OF ABOUT
242 miles as also that portion incomplete ana YET
10 be built and 10 extend from said town OF shelby
10 the town Of Rutherfordton. In said state, 9iS-
lance of about 80 miles, with ALL 8AlLMA =,
hhNDs; TRACKS, BRiDGEs, vIADuUTs. CuL-
VERTs. FkNGEs, and S,Mr STRnSICEekSS
HOUSES WAREHOUSES. FREIGHT-H0UsEs,
WOOD-HOUSES. and other BUILDINGS; Ma
CHiNE->HOPS and other SHOPS: all LOC0Mni,.l1,-
and nc, other other R0LLING STOCK and EQUIPMENTS ;
all STATIONARY ENGINES. AAChiNEkr,
T9o1 rt taS 1IS TUh be 9Ie MAth
The ne 'C a CENTRAL RAILWAY COM
Also, ALL THE SHARES Of the CAPITAL
STOCK Of The WILMINGTON RAILWAY,
RIDGE COMPANY h6ld ana owned DN the odlu
Carolina Central Railway Company, aud all he
right lille and interest which the said company
has and owns I'm and to the stock and property OF
the Wilmington Railway Bridge Company as one OF
the corpOraors thereof: and also all other property
and estate, real and personal, of every KIND ana de-
scriptlop. OF the said Carolina Central RAILWAY
Company. -, 49,.
TERMS OF SALE: Purchaser must pay in cash on
the day OF sale 100000: and The residue Oh Inc
prch,se- money in three equal instruments at one,
iwo and three months from the day OF sale. WIN
Interest from that day ut The rate Of per centuln
per annum. The purchaser can anticipate any or
all of The said deferred payments, and make pay
mcnt in full of the purchase money Mt any lime
before maturity. PAYMENT of that portion OF the
purchise-money not hereby required TO be paid IN
cash NAV be male in whole or IN part, either In
cash or in the bonds past due coupons thereof,
| secured by the first mortgage from said Carolina
| Central Railway Company TO said Andrew V. Stout
and Timothy H. Porter, trustees. OF date NAV ~,
1873 the extent Of the pro rata pcrcentaeeo OF the
mar value of the said bonds aud coupons, which the
holders thereof will be entitled to receive upon The
dist rlmltion of the proceeds OF the said sale under
| Ito order and decree or said Court.
Possession viii be delivered TO the purchaser 80
soon As The said sale shall have been confirmed by
the Court and one half of The purchase money paid
TO the commissioners. and the purchaser sbal have
assumed all the out standing contracts aud liabilities
of The receivers heretofore appointed in the said
| cause, and unidentified lbcm against the same.
| NATHAN A. sTEDMAN, JR,
JUNIUS DAVIS,
ap 7-3iaw6w Commissloners.