The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-19
NOTICE OF SALE
OF THE
indianapolis, Peru 6 Chicago Railway
AND THE
Michigan City 6 indianapolis Railroad.

Circuit Court of the United States for the District Of
Indiana in suit therein pending in which tht, Cen.
trail Trust Company of New York and others are plain.
| tiffs and the Wabash ST. Louis e. Pacific Rs;Iway
Company and others defendants. and in wlich
suit upon cross bill filed by Wager Swayne trustee
against The indianapolis, Peru & Chicago Railway
Company and Others decree of foreclosure was en-.
tered the 25th day of September 1886 the under.
will, on
SATURDAY, THE 18TH DAY OF NOVEMBER
A. D., 1886.
at one o'clock p of said day offer for sale at public
auction to the highest bidder at the door of the United
States Court in the city Of Indianapolis State
of Indiana the following railway property to.wt:
All and singular the railroad of the said The Indian
apolis, Peru 81 Chicago Railway Company extending
from the city of Indianapolis in the State of Indiana
in the county of Marion, through the coun,
ties of Hamilton, Upton and Howard TO the
city of Peru in the county of Miami and an
and singular the roadbed right of way and land of or
pertaining to the said railroad including the land
under and on each side of the track to the whole
width and extent that the said Indianapolis Peru 81
Chicago Railway Company is seized possessed of
the same, together with the superstructure tracks
and rails thereon, and all depots, depot grounds,
turnouts, switches gravel pits bridges vaducts cul
verts fences water and passenger stations, machine
shops machinery locomotives, cars and other rolling
stock and all other equipments fixtures and property
of pertaining to the said railroad also all the
tolls rents and income to be had levied from said
railroad and all franchises, powers rights privileges
ana railway properly or the SAID Indianapolis, Pefu
Chicago Railway Company acquired or to be ac-
CURED and each and every part thereof with the APP
purtenances being the property described in certain
trust deed or mortgages executed by the indianapolis
Peru q Chicago Railway Company to Abram w.
Hendricks and Wager Swayne as trustees on the first
day OF june 1881 including the property and facili
ties then thereafter owned and provided to be used
in the operation of said railway and all supplies and
other things provided purchased by the said Wager
Swayne trustee, while in possession of the to be
used in the repair management construction or re-
construction operation of said railway any
parts thereof, or otherwise, together with
chises of the said, The Indianapolis Peru & Chicago
Railway Company. belonging and appertaining to the
said line of railway Snd property.
All of said property Will be sold as entirety with
out any relief from valuation or appraisement laws.
and without reference to the laws of the State of In
diana touching the rights OF redemption from mort
gage sales.
Provided, however that said sale of said property
above described shall be made subject to prior out
standing lien by mortgage for the of $275, 900.
evidenced by bonds numbered from to 275, inclu.
sve with the unpaid interest thereon at the rate of
per cent per annum. evidenced by coupons payable
semi.annually on the 1st days of january and July
making in the aggregate s. fall past-due
coupons being paid being the unpaid balance of
mortgage executed by the said Indianapolis Peru &
Chicago Railway Company, on the 10Th day of June
1871, to Clifford Hand. of New York. payable on
the the h day Of 5py hs2 for all Of
cancelled the purchaser taking said property subject
to said prior lien.
At said sale the undersigned will require a deposit
of 1000 to be made by each and every bidder on
the ind.1sR ssg sScsss ss~s g.
bidder bidders which deposit of the successful bid
der shall be absolutely forfeited to the of the trust
Swayne trustee if the bidder to whom the said rail
way and property shall be struck off shall fail TO pay
comply with said purchase in accordance with the
terms of said SALE and the orders and DEGREES Of tho
said circuit Court of the United States in that behalf
and no bid will be received cried for said railroad
property above described for sum less than
At the same place, and on the same day. immediate.
ly after making the sale of the said Indianapolis Peru
& Chicago Railway Company, as aforesaid, the under
signed, by virtue of the Decree entered in the
cause, will offer for sale to the highest bidder
at public auction the following railway property Wis
All and singular, the railroad of the Michigan City
& Indianapolis Railroad Company extending from
Michigan City to LaPorte Ind, distance of about
thirteen miles, and all and singular, the died.
right Of way and land of, pertaining to said rail-
road including the land under and each side of the
track to the whole width and extent that the said
Michigan City &c Indianapolis Railroad Company Is
seized possessed of the same, together with tho
superstructure, tracks and rails thereon, and all de-
pots and depot grounds, turn-outs, switches.
gravel pits bridges viaducts culverts fences water
and passenger stations, machine shops machinery, 10
comotives, cars, and other rolling stock and all other
the equipments, fixtures and property of or pertain
ing to the said railroad and also all the tolls rents and
income to be had levied from the said railroad and
all franchises, powers rights, privileges and railway
property of the said Michigan City Indianapolis
Railroad Company acquired to be acquired, and
each and every part thereof with the appurtenances
being property described in certain trust deed OF
mortgage, executed by the Michigan City s. Indjanap
oils Railroad Company to Abram w. Hendricks and
Wager Swayne, trustees. the first day of June,
1881 including the property and facilities then
thereafter owned and provided to be used in the opera
ton of said railroad and all supplies and other things
provided purchased by the said Wager Swayne,
trustee, while in the possession of the same to ba
used in the repair. management construction,
construction, operation of said railroad, any.
parts thereof otherwise together with all the cor
porate rights privileges franchises of the said Tha
Michigan City q Indianapolis Railroad Company be-
longing and appertanng to the said line of railroad
and property including the docks of said railroad
company at Michigan City. Ind.
Said property will be sold entirety, without
lief from valuation appraisement laws and without
reference the laws of the State of Indiana touching
the rights of redemption from mortgage sales.
At said sale the undersigned will require deposit
of $40, 900 to be made by each and every bidder
the railway property last above described viz: The
Michigan City 4 Indianapolis Railroad before receiv
ing any bid from any such bidder which deposit OF
the successful bidder shall be absolutely forfeited
to the of the trust in the hands of the said
complainant Wager Swayne, trustee, if the bidder k
whom the said railway and property shall be struck
off shall fail to pay comply with said purchase IN
accordance with the terms of said sale and the orders
and DEGREES of the said United States Circuit Court in
that behalf
The undersigned will not receive cry any bid fol
said railway property last above described for
less than $150,000
WILLIAM P. FTSHBACK
Master il Chancery,
Swayne Swayne Sc Hayes,
Harrison Miller e. Elan solicitors.
ID. III. Chamberlain counsel.