The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1883-12-01
Trustees Sale.

WHEREAS, The Milan Paper Company, corpo-
ration organized and existing under and by virtue
Of the laws of the state OF Illinois and doing bust
ness in Rock Island county. in said state, by its
certain trust deed bearing dste the second day OF
April. A. D., 1877, duly executed, acknowledged
and delivered, and afterwards recorded in the Re
corder's Office in said Rock Island county, in Book
OF mortgages, on pages $50 to 553 inclusive,
did convey unto the undersigned, Thomas j. Rob
inson, as Trustee the following described premi-
SEES, situate lying and being in the county of Rock
Island, and state of Illinois, to-wit: That certain
tract or parcel Of land situated on Lower Wells
Island, in section twenty-three, CD, in town,
ship seventeen, 40, north of range two, (2), west
of the fourth principal meridian, in the county of
Rock Island and state Of Illinois, bounded and de-
scribed as follows, to-wit: Commencing at point
in the top line of the north face of the wall now
standing the south side OF the race or canal e1
tending along the north side Of said island distant
thirty (30J feet westerly from the northwest cor
ner of the paper mill as the same was located on
the first day Of January, A. D., 1875, on said isl
and; running thence southerly one hundred and
fifteen (115) feet to an iron bolt driven in the
ground IN the centre line of street forty (40) feet
in width and extending from the main highway
across said island in an easterly direction TO Its
head at the iron bolt next hereinafter described,
(the centre line of which street is straight line
parallel with the north face of the wall
aforesaid); running thence easterly along said
centre line of said street one hundred and sixty
(60) feetto another iron bolt driven in the ground
L
mentioned line twenty (2O) feet; thence north
easterly at an angle of As with said last men
toned line turning said angle of TO the right
ninety 800 feet more or less, 10 the edge of the
mill pond above the dams across Rock River
thence north westerly to the south end of the dam
between said 'Lower Wells lsland' and Wand
ruffs Island; thence westwardly along the south
end of said dam and the south edge OF the river
north of the north bank or wall OF said canal OF
race below said dam TO point directly north of the
point of beginning; thence south to the place OF
beginning,
Provided, nevertheless; That that part Of said
premises situate in the street aforesaid shall for
ever remain open and unobstracted for the pur
pose of private road over the same for the pro
prietors from time TO time abutting on the same
ALSO fifteen hundred (1500) inches of water to be
measured at the verge of the wheel and to be ia
ken from said race or canal upon the above de
scribed premises, said fifteen hundred $500 in
ches being the same as that mentioned in deed
from Holmes Hakes to Roswell P. Dart.
| In TRUST, Nevertheless, To secure the payment
of twenty-five thousand (25, 000) dollars in bond
issued by said paper company, payable to the I'M
dersigned, Thomas j. Robinson, the party of thu
| second part in said trust deed named, or bearer
thirty (30) of said bonds being for the sum Of fy,
hundred $500 dollars each, and one hundred 600
of said bonds'being for one hundred 900 dollar
each, all payable at the option of said Paper Com
pany at any time after one year from date thereof
and payable absolutely in five years from the dat
of said bonds, with interest thereon at the rate o
|
date thereof and for which coupons are attached
! to said bonds;
And Whereas, 1t was provided in and by sale
| trust deed that at any time after five years from
the date OF said bonds If any OF said bonds or cOu
pons remained unpaid, said Trustee, upon the re
quest, in writing, of the holders OF one-third il
value of said bonds which should then remain dut
and unpaid, should advertise and sell said deserib
ed lands, tenements and water power, with the ap
purtenances aforesaid, to satisfy the same, ant
| that due notice of said sale should be given b,
said Trustee, at least sixty (601 days before tht
| day of sale, by publication thereof in some dali
newspaper printed and published in the city o
Rock Island in said county, such notice to be IN
serted for at least six (6) successive days, and tn
first of such notices 10 be at least sixty (6O) day
| before the day of such sale;
| And Whereas, Default has been made in tn
| payment of the said bonds secured by said Trus
| Deed, upon which there is now claimedto be due
including principal and interest, the sum of thirty
| three thousand, three hundred and fifty dollar
and fiftyfOur cents 1888, $50 81, and the holder
of more than One-third in value of all of said bond
have req uest,d the undersigned, Trustee, aforC
| said, 10 advertise and sell the said lands, tent
| ments water power and apPurtenaRces TO satisf
the same.
Now, Therefore, !, Thomas j. Robinson, Trut
tee, as aforesaid. hereby give notice, that in pu
suance of such request and under the power an
| authority to me given and granted and in me yes
ed in and by said Trust Deed, executed to me 6
aforesaid. and for the purposes therein mentioned
i WILL on Tuesday the a2d day OF January, A D
1884, at the hour of 10 O'Clock in the forenoon
that day, on the said described premises, sell
public auction, to the highest and best bidder, #
the highest and best price the same will bring Il
cash All and singular the property conveyed to n
in trust as above particularly mentioned and d
scribed, or such part or portion thereof as may
necessary TO pay and discharge said bonds al
coupons, and to fully carry out and execute sa
trust as is provided in said Trust Deed, and a
right and equity Of redemption OF the said III
Milan Paper Company therein, at the date of sa
Trust Deed, and that will make conveyance
the purchaser or purchasers in accordance wi
the terms OF said Trust Deed.
Dated at Rock Island, H., this 10Th day Of n
| yember, A D., 1888.
| THOMAS j. ROBINSON. Trustee.
SWEENEY b WALKER, Attorneys for Trustee.
nOY-l9-d4W