Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-02-05

Trustees. Observation-Disclosures omplainsDts
Tho Richmond and Allegheny Railroad Com
2 Henri N. Alexander and Henry X. Ellyson,
Trustees. .....'....'..'.'.' .s..''eoinpiainsn'''
tn. f Richmond and Allegheny Railroad Com
pany and Others. ...-Detsnaahls.
Pursuant 70 decree aud foreclosure sails en-
tered on the 10Th day OF December lsSS oy me
Circuit Court OF the city OF Richmond. ftrginias
In tho above-styled causes. the undersigned, as
commissioner appointed by said decree. WI sen
"a an entirety by public auction. 70 tho highest
bidder nc the front door OF the courthouse OF the
Hastings Court, In the said city, at tho hour OF
~ NJ, on the
ierHDAY OF APRIL. 1889.
the entire railroad OF the Richmond and Aile
ghany Railroad Company extending nom hicn-
mOnd, Virginia, 70 Clifton Forge, Virginia, with
a branch line from Balcony Falls 70 Lexington,
both In said state together with all branches OF
said line Of railroad; ali real estate, rights OF
way, easements. fixtures. mschinery, rolling
stock, tools, equipments. railroad supplies. and
also all canals. basins, bridges. dams water
powers. wafer rights and privileges. and all
other property-reel, personal. or mxed-and
all franchises, rights powers, privileges, and I'm.
munities whatever OF the said Richmond and
Allegheny Railroad Company. a. fully Get forth
Ia the said decree Of foreclosure and sale, print
ed copies Of which will be furnished by the I'M
dersigned commissioner upon application tnere-
made subject 10 certain subsisting prior Hens
upon portions OF the premises, particularly de-
scribed In the said decree.
Ths terms OF sale will be a. follows:
"The purchaser at such sale shall ~ pay the
sum OF 10000 In cash on the day Of sale; ~
further sum OF $50 600 within thirty days after me
confirmation Of sale: aud be shall at the same
time execute bond, payable on demand. Tor tho
sum Of $50 600, the said bond being for the pun
pose OF securing the payment ADD satisfaction OF
any claims which the Court shall decide should
be paid out OF tue purchase money, payment OF
which said bond will be secured by n Hen retain
ed on oil the property and premises In the con-
veyAnce TO tho purchaser. Tho purchaser snail
have the privilege OF substituting IN she place Of
the bond 80 given the bond for like amount OF
the corporation resulting from such sale and
conveyance. "a provided Ia section 1893 OF the
Code OF 1891 which latter bond shall In like rosn-
ner DO secured by lien retained IN the con-
yeysnce upon all tho properly sold under this
decree.
90 "All tho residue Of the purchase money,
including so much of tho amount OF said bond
as tho Court may nnally determine not neces-
sary 10 DO paid In money msy be paid IN any OF
the outstanding receivers certificates. interest
coupons registered interest or tonds secured by
the said trust deeds specified In tho nth and
sixth paragraphs Of this decree az such rate per
centum Of the PAR value OF the said certfcstes.
interest coupons. registered Interest. and bonds,
as in the opinion Of tho said commissioner VIII
be payable In respect OF such certificates cou-
pons, registered interest and bonds, upon dlstrl-
button OF the proceeds of such sale under tho
pri0rites Of liens, as settled aud determined by
this decree. And II any question shall arise az
70 the rate and amount at and for which such
certificates. coupons, registered interest. and
bonds shall be received leave Is reserved 20 ap-
ply TO this court on the basis Of this decree
AN net revenues between date % sale and
delivery OF possession 10 the purchaser Will DO
paid over 10 the purchaser or applied "a credit
upon his purchase money. But no conveyance
will be made nor the property delivered 10 the
purchaser until there has been a hnal settle
charge OF them from further liability In the
premises. 80.
III the sale shall be approved by the Court
upon the Commissioners report thereof coming
IN the same shall stand confirmed. and 50 soon
as all the terms Of sale and conditions as specl-
fed in this decree shall have been compiled
with and fulfilled, and all ac,s shall have been
done required by this decree 70 be done, the pur-
chaser sail be entitled 20 a conveyance OF the
premises. And upon such compliance and per-
Torrance "a aforesaid. and upon application
aud due proof thereof. and upon the assump-
ton by tho said purchaser Of all then outstand-
ing lawful Liabilities and contracts OF tho ne
ceivers. ana upon indemniiying the said ke-
ceiyers against the Same IN such manner IS tho
Court may hereafter determine. the Court Will
order a conveyance Of title 10 aud transfer OF
ali and singular the premises 20 tho purchaser"
Any sale made by tho undersigned shall DO
subject to the confirmation OF the Court
EUGENE r. LELAND, Commissioner.
RICHMOND. January 1882
thereby certify that the bond required OF Z.
r. Leland, commissioner In aforementioned
causes, has been duly given,
Teste: ALFRED SHIELD, Clerk.
taI2