The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-05
M A S T E RS S AL e
OF
CERTAIN PARTS
Lake Erie & Western Railway.

Notice is hereby given that by virtue of decree of
sale Of the Circuit Court of the United States for the
| district of Indiana, entered the twenty ninth
sale of the Circuit Court of the United States for the
Southern district of Illinois, entered on the
ssas dE day decree e july ls sss az sd =
Circuit Court of the United States for
the Northern district of Ohio, Western division,
entered on the twenty-seventh day of August,
1856, all of which DEGREES of sale were entered in
certain suit in chancery. pending in each of said
courts, respectively under the title of THE Central
Trust Company of New York against the Lake Erie
g. Western Railway Company ct al and consolidated
causes, /, John A. Henry, Special Master duly APP
pointed by order of each Of said courts respectively
WILL
SATURDAY, THE THIRTEENTH DAY OF NO
vEMBER, 1886.
At the courthouse in the city of Muncie, in the
county of Delaware in the State of Indiana between
the hours of 10 o'clock A. NJ and o'clock P. M. of
said day, beginning at 10 o'clock in the forenoon,
offer for sale at public auction to the highest bidder
all and singular the line of railroad between Muncle
| Ind, and Bloomington ILL.,, and appurtenances en-
brsced in the first mortgage. made by, the
lafayette Bloomington = Muncie oE Raailway
| the complainant the Central Trust Company, of
| New York, in trust to secure the payment of the
principal and interest of the first mortgage bonds of
like date issued by the said Lafayette Bloomington
Munce Railway Company, to the amount of two
million five hundred thousand dollars and all prop
which said mortgage is hen as the said railroad and
property is in said mortgage and decree aforesaid
| tic 1larly described as follows, towit:
Al and singular the line of railroad of the said La
| fayette Bloomington g. Munce Railway Company, as
the same then might thereafter be constructed
between Munce Delaware county Indiana through the
counties of Delaware Madison Upton, Clinton TIP
pecanoe and Benton In Indiana and Vermillion, Ford
and Mclean, In Illinois to the city of Bloomington
with ell and singular the rights of way, road bed
made or to be made, its tracks laid or
aforesaid. together ' with all the stations depot
grounds, rails, fences. bridges sidings, engine
houses. machine-shops, buildings erections in any
way then aPpertaining unto said described line OF rail-
road together with all the engines cars machinery,
supplies, tools and fixtures then which might be at
any time thereafter held. owned or acquired by said
aforementioned railway company for use IN connection
with its lines OF railroad aforesaid and all its depot
grounds. yards, sdings, turn-outs, sheds, machine
shops lease-hold rights and other terminal facilities
then or which ght thereafter be owned by the said
aforementioned railway company, together with all and
singular the powers and franchises thereto belong
ing and the tolls income and revenue to be levied
| and derived therefrom.
Hh5 mortgaged premises and property aforesaid will
be scld entirety, without appraisement or re-
discharged from all equity of redemption of the parties
defendant named in said decree and the Central Trust
Company, of New York as trustee under the income
mortgage covering said property as wei as OF any
and all pereons by any and all OF said par
ties Of in and to the said mortgaged premises prop
erty, rights and franchises and every part thereof
uOSoiAuou VI of AAoOAu00 w Det -
| mortgage.
| No bid win be accepted for said property at said
sale from any bidder for sum less than i've hundred
thousand dollars, from any bidder who shall not
have deposited with me- as such special master the
sum Of fifty thousand dollars IS pledge that he
4 will make good his bid If accepted by the court
l OF the price at which said property shall be sold
there shall be paid in cash at the time of the sale ten
per cent thereof and also at the time, or from
time to time thereafter such further portion of said
purchase price as the court may direct in order to
| meet the expenses of said proceeding, and to pay
such claims, if any as the court may adludge to De
coupons of said Lafayette. Bloomington 81 Muncie
| Railway Company
The balance of the purchase price not required to
be paid in cash may be paid in cash. the purchaser
may satisfy and make good said balance of his bid in
whole in part by paying over the outstanding first
mortgage bonds and overdue coupons of said Lafay-
ette Bloomington & Muncie Railway Company of the
issue of May 1, 1879 at suck price value as shall
be equivalent to the amount that the holders thereof
would be entitled to receive thereon in the entire
purchase price paid In cash. in the manner pro
/ vided for in said decree.
The court reserves the right to reject any bid, and
also to retake and resell said premises and property
upon the failure of any purchaser for twenty days to
comply with any order of the court requiring pay
| ment.
Iwil also on the same day and at the place. and
between the hours aforesaid by virtue of the several
DEGREES of sale of said courts aforesaid offer for sale
at public auction to the highest bidder all and sngu-
lar the line of railroad embraced in the first mortgage
| made by the Lake Erie s. Western Railway Company
bearing date Aug. Is, 1879 and conveying the rail
road between Mnnce, Ind. and Fremont. g., and ap
| purtenances, to the Central Trust Company of New
York in trust to secure the payment OF principal and
interest of the first mortgage bonds of like date s
| sued by the Lake Erie Sc Western Railway Company,
to the of million eight hundred and fifteen
thousand dollars and all property rights and interests
conveyed thereby or upon which said mortgage is a
lien, the said railroad and property is in the said
mortgage and the said decree particularly described
| as follows, towit:
All and singular the line of railroad of the said lake
Erie & Western Railway Company, as the same then
was, or might thereafter be constructed, between
1 Cav ,relrr NV hfn %hn0ran @1a
| counties of Sandusky, Seneca, Hancock. Allen,
Auglaize and Mercer. in the State of Ohio, and
in the State of Indiana, Munce in the last named
county in Indiana including the branch line from St
Marys to Minister in Augaize county Ohio being about
one hundred and sixtyfve miles in length together
with all and singular the rights of way roadbed made
to be made its track laid to he laid between the
terminal points aforesaid, together with all
sidings engine-houses. machine-shops, build
| ings ereetions in any way then appertaining
scribed line of railroad, together with all the engines
cars machinery, supplies tools and fixtures thon or
which might be at any tina thereafter held owned
acquired by the said last mentioned railway company
for use IN connection with its line of railroad afore-
said and all its depot grounds yards, sidings turn
outs, sheds, maehine-shops, lease-hol rights and
| after be owned by the said last mentioned railway
company together with all and singular the
| powers and franchises thereto belonging, and the
tolls income and revenue to be levied and derived
therefrom.
The mortgaged premises and property last afore-
said win be sold entirety, without appraisement
redemption, and not in separate parcels; and also
free and discharged from all equity of redemption of
the parties defendant named said DEGREES and the
| Central Trust Company Of New York trustee
under the income mortgage covering said property
well as of any and all persons represented by any of
sad several parties Of in and to the said mortgaged
premises, property rights and franchses and every
part and parcel thereof described embraced, In
| tended to be- in the said mortgage.
| No bid will be accepted for said property at said
| n than FIVE hundred thou sand dol.
lars nor from any bidder who shall have deposited
| with me. as such Special Master, the of fifty
thousand dollars pledge that he will make good
| his bid if accepted by the court.
OF the price for which said property shall be sold
there shall be paid in cash at the time of the sale
10 per cent. thereof; and also at the time Or
from time to time thereafter such further portion of
| said purchase price as the court may direct
| in order to meet the expenses of said
proceedings and pay such claims if any the court
may adjudge to be prior in equity said first mortgage
horda Of aaid1 he Eria e Wastarr, Ra;lzuar