The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-05-07
GALE OF TIE CAROLINA CENTRAL

SALE OF THE CAROLINA CENT RAJ
- RAILWAY UNDER DECREE OF FORE
CLOSURE.-By virtue and in pursuance oil de-
cree of the Superior Court of New Hanover county,
state of North Carolina. made in cause tnel e
others. Is pliintif, and the Carolina Central RAN
way Company, and Andrew '. Stout ana 1lm9tuy
III, Porter. trustees. and James l.. Dawes ana J'
Brander Matthews, trust es. are Defendants the uh-
0ersIgue, commissioners appOin ed by The SAID de-
cree win sell by public auction, to the hlgnest 0i,
der at Tie courthouse GOor IN the Guy w % umH
DAY tie 3lst day of May Il. ID. lSeO' NJ IL
o'clock NJ, the ENTIRE RAILROAD, as ne ne, sS an
CENTRAL RAILWAY" as well the portion now y
built and completed. extending from the clly OF
wilmington. In said stale of North tarohba: 10 me
town of shelby IN said state a distance OF a9ou,
242 miles as also that portion incomplete ana vet
TO be built. AMI to extend from said town OF shelby
to the town Of Rulherordton; Ia SAID S,4te "
RiGHTs OF WAY. DEPOT GROUNDS. aud other
LANDS TRACKS, BRIDGES, ViADu , rs, 81 /.
sTATiON.HOUSfS ENGINE-HOusEs. CAR
HOUSES WAREHOUSES, FRhIGHT-H0UsEs'
WOOD-HOUsEs. and other BUILDINGS ; MA
TIVE-ENGINES, TENDERS. CARS, GoACHES,
and other ROLLING STOCK and E3ulP'iMitENsaaSS
T0OnS, IMPLEMENTS. FUEL, and MATE:
RAILS of all kinds: and all the CORPORAL r
FRANCHISES RIGHTS, and PRIVILEGES OF
The CAROLINA CENTRAL RAILWAY CONF
hIso, ALL THE SHARES Of the CAPITAL
STOCK of The WILMINGTON HALLWAY
BRIDGE COMPANY held aud owned bv the said
Carolina Central Railway Company, and all the
right, title, and interest which the said COMPANY
h. and owns In 3nd 10 the stock aud properly 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-
scriptOn, Of the said Carolina Central Railway
Company.
TERMS OF SALE: Purchaser must pay in cash on
the day OF sale 100000; ard the residue Of the
purchase money I'm three equal instruments al one
two, and three months from the Jay of sale, with
interest from that day at The rate of per centum
per annum. The purchaser can anticipate any or
all of the said deferred payments, and II axe nay-
mcnt in full of the purchase money al any lime
before maturity. PAYMENT Of that portion OF the
purchase-money not hereby required 10 be paid IN
cash NAV be made In whole or in part. either in
cash or in the bond, pas due coupons thereof,
secured by the first mortgage from said Carolina
Central Railway Company 10 said Andrew v. Stout
and Timothy II. Porter. trustees. of date May z.
1873 the exteut of tie pro rata percentage of the
psr value of the said bonds aud coupons, which the
holders thereof will be entitled 90 receive upon HE
distribution of the proceeds OF the said sale under
tie order and decree Of said Court.
Possession will be delivered TO the purchaser e
soon rs The said sale sh2 4 have been confirmed bS
the Court and one half OF the purchase-mOney PAID
to the commissioners, and the purchaser shall hav,
assumed all the on standing contracts and liabilities
OF The receivers heretofore appointed in the saIC
cause, and lndcmnihed them against the same.
NATHAN A. S1EDMAN, JR.,
JUNIUS DAVIS,
ap 7-3taw6w Commissioners.