Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1881-09-06
Portland and Oxford Central
Railroad Company.
FORECLOSURE OF MORTGAGE

WHEREAS the Portland and Oxford Central
w Railroad Company, a corporation duly es,sS
listed by the laws Of the State of Maine nv Il,
mortgage deed dated the twentieth day OF NAV in,b
yer of our Lord eighteen hundred and ,ixty,hn
rec orded in oxford County Registry of Deeds Rnot
1872, Pages 30 TO 2l7 inclusive, and also in Aniro
coggn County Registry of Deeds Book &c, Page.
Carter, Jr., and John W. Lane. in the capacty !,
Trustees in mortgage and in trust,
All and singulfr the premises, franchises and
privileges unto the said Portland and Oxford Cen
trail Railroad Company then belonging that is 70
say: The franchises and railroads, rights of way
easements, depots, engine houses and other houses
situated between the Atlantic and St Lawrncs
Railroad in the town of Minot and Canton Point At
the Androscoggin River, and more particularly de-
scribei in the decd from F. o. J. Smith TO the said
Portland and Oxford Central Railroad Company
bearing date the fret day of May in the wear Of our
Lord eighteen hundred and siXty-three recorded in
Androscoggin County Registry of Feeds Rock Al
Pages 400 40 aud Al, and in oxford County Regis
try of Deeds, Book 49, Pages ll3. III, lj and 6
to which records reference is hereby made for the
details thereof; so far said deed relates IL the dis
lance within said termini, meaning therein and
thereby TO include so much of all the franchises
privileges. corporate rights and property real per
aonal and mixed owned and possessed at the date Of
the execution of said deed of mortgage and trust
by the said Portland and Oxford Central Railroad
Company within the aforesaid termn of Minot and
Canton Point at the Androscoggn River, and
whether derived under and by virtue of the charter
OF SAID Company or of the deed to said last named
company from said Smith, and inclusive of all real
estate and equipment that should be thereafter ac
quircd in the full completion and equipmen. of said
road, which deed was conditioned for the payment OF
the principal and interest of certain bonds ISSUED BY
said corporation, bearing date the twentieth day Of
May in the year of our Lord eighteen hundred and
siNty-three and amounting i'll the aggregate TO two
hundred and forty thousand dollars, with semi
anr lal interest coupons thereon at the rate Of six
per cent per annum from the date of said bonds, and
the principal of which said bonds, was PAYABLE in
ten years from the date thereof, and which said
bonds were of the denomination following; forty OF
one thousand dollars each, two hundred OF five hun
dred dollars EACH two hundred of three hundred dol
lars each, and four hundred of huBdred dollars
each; that whereas said Haines, Carter and Lane
daily accepted the said CONVEYANCE and TIE trusts
thereby created; that whereas the said deed
conditioned that II the said corporation should well
ana truly pay or cause to be paid to the holders oil
said bonds and coupons and every of them, the
sums OF money therein mentioned at the times
i'll the manner aforesaid, then and from thenceforth
the said deed and the estate thereby granted should
cease and determine and become utterly void.
That whereas the said semannual coupons for
the Interest which became PAYABLE on the twentieth
day OF November in the year of our Lord eighteen
hundred and sixty three and every succeeding TWEEN
tleth day of November and May thereafter, to and
including the twentieth day of May in the wear Of
our Lord eigheei, hundred and seventy three as the
aid coupons respectively became payable, were pre-
scented to the Treasurer % said corporation and py
nent of said coupons ard the interest due accordiI.
thereto was then duly demanded of said lrcasurr,
but the said Treasurer ana the said COMPANY paid
only portion of the same and have each wlolK
neglected and refused pay the remaining morton
and have ever since SO neglected and refused: and
whereas the principal of id bonds became due on
the twentieth day of May in the year of our Lord
eighteen hundred and seventy three and was on said
day duly presented TO and ther, of demanded
OF said Treasurer, but said Treasurer and said cor
poralion have then and ever since each NEGLECTED
and refused TO pay the said prncipal or any urr
thereof, although more than nne.y GAYS have elapsed
since said demand was made, whereby the condition
OF said mortgag has been broken
And whereas said Allen Iiaincs has deceased and
Augustus F. Aoulton has been duly appointed and
quaiihed his successor in the trust and proper deed
of conveyance OF said esa.e executed TO him as such
successor by said Carter and Lane, which deed has
been duly recorded in Oxford County Registry Of
Deeds, eastern DISTRICT Book 1870, Pages 373, 81
anu 80; and in Androscoggin County Registry d
Deeds, Book lO4, Pages 800, 30 and 3il.
And whereas Irael Washburn, ,Ir and SullivanC
Ahorews ae the he lders and owners of said bonds
an amount exceeding half of the total amount
lhe same, 10 wit holders and owners of more than
Two hundred thousand dollars thereof and are the
holders and owners of the aforesaid interest coupons
10 an amount exceeding halt of the total amount
thereof TO wit holders aud owners of more than
one hundred thousand dollars thereof and have
made application in writing to the undersigned
trustees 70 have the aforesaid mortgage forecosed
ana therein they claim that the condition of said
mort gage has been broken by the aforesaid failued
said company pay the interest on its said bonds
10 pay the principal thereof for more than ninety day;
ler demand upon the Treasurer OF said Corporation
loi payment thereof, and request and demand
US te said Trustees TO proceed at and without
delay for the foreclosure OF said mortgage.
Nov Now therefore the undersigned Ezra Carter, Jr'
oohn W. Lane and Augustus F. MoultOn, the dn
appointed successor of Allen Haines deceased, lrns
ices as aforesaid for the benefit and interest, andm
tbe use OF all the holders of said bonds and intere
coupons on the same, hereby claim foreclosure Of ssa
mortgage by reason of the breaches of condition q
aforesaid And they give this notice for the purpose
OF affecting such foreclosure.
Dated at Portland, the thrtieth day of July A. u
1881.
EZRA CARTER, JR.,
JOHN W. LANE, Trustees
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