The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1880-01-02
LEGAL,
Trustees Sale.

ootOC Od10s
iAIHEREAs, The Rock Island Glass compans, |
state Of Illinois, by its certain mortgage or trust
deed, bearing date the twenty-nfth day Of Novem-
delivered, and duly recorded in the Office OF the
Recorder of Deeds In and for the county of Rock
enih day Of November A. 1s IN voinmss Of
mortgages al page 282 thereof, did grant, bargain
the following tract of land that part Of the city
of Rock Island, in the county OF ROCK Island and
or Lower Addition, described as follows, -
All of block ten (10), together with all and singular
the ana thereao
also all the machinery and fixtures then contained IN
the buildings or on said premises, and used IN ana
about the business of manufacturing window glass,
carried on by the eaid corporation in said city,
and which said trust deed wac given for the pur,
pose of securing the payment of one hundred and
nifty certain bonds of said corporation Tor the sum
of Eve hundred dollars each, all bearing date the
the rss day Of August a. D. 1881, alter their date
TO said James nj. Buford, trustee or bearer, with
able annually; said bonds having interest coupons
thereto attached for the annual interest to become
and to saa thereof being had viii
more fully and at large appear:
And WHEREAS, In and by said trust deco IL 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 said trustee
should upon the application OF the owner or own.
ers of said bonds or any OF them, sell the sao
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) days in news
paper printed and published in said county that
said trustee might also give such other ana IKE
notice of said sale he in his discretion might
consider TO be best; that said real and personal
property should be sold in such parts. lots, sub
divisions or as a whole, as said trustee might de-
termine to be best, but that the owner or
debtedness might direct how said property should
be sold and that said trustee should oner the same
for sale directed by Them III writing; thai upon
such sale such trustee should execut-, acknowl-
edge and deliver TO the purchaser or purchasers
good and aeea or apr
that said deed deeds should convey TO the pur-
chaser or purchasers iull and com piete ttie IN
that said corporation should execute and deliver
any other deed deeds to the premises sold as the
purchaser 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 osher things further provided that IN case
the said interest coupons or any OF them should
not be paid within ninety (e0) days after the
should be 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 on the part OF the owner owners of
said bonds coupons, and said trustee when mott
fed of such non-payment writing, should pro
property in the same manner, at the same place,
moon like notice and in all respects the rale shall
be conducted or conveyance made as thereinbefore
provided in case of sale for ncn payment of the
bonds at maturity; and that until default should
the said corporation should have the right to use
possers and enjoy said premises and personal prop
erty tor the purpose of its business but in OF
default in the payment of said bonds coupons as
therein provided, the said trustee might enter up
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 or their purchase:
And WHEREAS, there are now outstanding and
unpaid ninety (9o) of said bonds and no more
And WHEREAS, all the interest coupons thereto
belonging for the annual instailment of interest
thereon which became due on the first day af Au
poration for payment at the cate OF the maturity
thereof, and there was then paid upon each thereof
the sum of thirty-one dollars and eeventy-sevep
cents ($3I I'D, and default was then made by said
Of: $50 -
And WHEREAS all the interest coupons to said
last mentioned bonds belonging. for the annual in
sfallment of interest thereon which became due on
the frst 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
and payment thereof refused as aforesaid, where
by tue whole of said bonded debt, principal and
interest. oeesme due as. provided by said trust
And WHEREAs, said corporation, after demand
made, neglects and refuse to pay thesamc:
And WHEREAs. said last mentioned bonds and
coupons yet remain wholly due and unpaid save
se M fa and e1 Is now eus and
paid ther on the sum OF nfty-two thousand five
hundred and ffty-three dollars and twenty cents
$50 553 sO):
And WHEREAS, Philemon L. Mitchell the owner and |
holder of eighty five 1851 If said outstanding bonds
andof the unpaid coupons thereto belonging and al
go of unpaid coupons upon two other of said out
standing bonds and Phlander L. Cable the owner
and holder of three CD of said outstanding
bonds and of the unpaidfcoupons there to belong
ing. have duly notified the undersigned trustee
aforesaid.in writing of the non payment of said cou
pons and of said bonded Indebtedness as aforesaid
sell said real and personal property above
mentioned for the payment thereof assprovlded by
said deed of trusl and whereas the. undersigned as
possession of the property aforesaid and now holds
the same:
that the undersigned, the said James NJ. Buford.
trustee as aforesaid, under and by virtue of the
power and authority to him given by the trns deco
aforesaid, will, Saturday the thiru day of Janua
afternoon of that day. at the north dool
OF the Court House, in said city OF Rock Island,
sell at 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.
TO vital of block ten (10), together with al
and singular the hereditaments and appurtenan
ces thereunto belonging or il any wise nppertain-
ing thereto. Alec ali the machinery and fixtures.
on the twenty fifth day of November, A ID. 1876,
contained in the buildings or on said premises and
used in and about the business of manufacturing
window glass. carried on by said corporation In
said city and all the right snd equity OF redemp-
ton of the said The Rock leland Glass Company
in and to the same. to isfy said bonded indebt-
einess and the costs Of said sale.
Dated this twenty fourth day of November. A. ID.
Is q.
Trustee.
OSBORN, CURTIS & o'NEII, Ati'ys. 1l-a4dsa
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