Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-01-25
By n w. Bows
FORECLOSURE SALE.


DICHMOND AND ALLEGHANY
III RAILROAD COMPANY.
FORECLOSURE SALE.
1. Herbert L. Terrill and Thomas s. Bocock'
Trustees. '..'Noinplainan's'
against
The Richmond and Allegheny Railroad Com
pauy and Others. Defendants
Q Henry NJ Alexander and Henry X. Ellyson,
trustees. ......'''.'..'' NVnP 'oinoA' ~
against
The Richmond and Allegheny Railroad Com
pany and Others. ............... Defendants
Pursuant TO a decree and foreclosure sale en-
tered on the 10Th day Of December, 1883, by the
Circuit Court Of the city Of Richmond. virginia,
la the above-styled causes, the undersigned, as
commissioner appointed by said decree, will sell
az an entirety by public auction, TO the highest
bidder at the front door Of the courthouse OF the
Hastings Court, in the said city, at the hour OF
~ NJ, on the
10TH DAY OF APRIL, 1889.
the entire railroad Of the Richmond and Allie
ghany Railroad Company, extending from Rich
mond Virginia 10 Clifton Forge, Virginia, with
a branch line from Balcony Falls TO Lexington,
both In said State together with all branches OF
said line Of railroad; all real estate, rights OF
way, easements, fixtures, machinery, rolllng
stock. tools, equipments, railroad supplies. and
powers. wafer rights and privileges. and all
other property-real, PERSONAL or mixed-and
all franchises, rights powers, privileges, and I'M
munites whatever OF The said Richmond ana
Allegheny Railroad Company. as fully set form
In the said decree Of foreclosure aud sale, print
cd copies Of which will be furnished by the un-
designed commissioner upon application there
for, personally or by mail. Such sale VIII De
made subject 70 certain subsisting prior liens
upOn portions OF the promises, particularly de-
scribed in the said decree.
The terms Of sale will be as follows;
"The purchaser ut such sale shall I'D pay the
sum Of $4,000 In cash on the day OF sale; o.
further sum OF $50 900 within thirty days after the
confirmation OF sale: and he shall At the same
time execute a bond. payable on demand. for the
sum OF 1900 600, the said bond being for the pur-
pose OF securing the payment and satisfaction on
any clsims which the Court shall decide should
be paid out Of the purchase money, payment oil
which said bond Will be secured by lien retain
cd on all the property aud premises In the con-
yevance 20 the purchaser. The purchaser shat
have the privilege OF substituting In the place 81
the bond 80 given the bond for like amount OF
the corporation resulting from such sale and
conveyance, as provided IN section lSj1 OF the
Code OF 1887 which latter bond shall In like man
ner be secured by lien retained IN tho con-
veyance upon all tho property sold under THIS
decree.
n, "All the residue Of the purchase money,
Including 30 much Of the amount of said bond
as tho Court may finally determine not neces.
sary 10 he paid In money. may DE PAID In any VI
the OUTSTANDING TttflNtfh tcTbuthit,s iht'l''s
coupons registered interest or bonds secured by
the said trust deeds specified In the MIN snd
sixth paragraphs OF this decree at sucn rato per
centum OF the par value OF the said certiilcates,
interest coupons. registered interest, and pOnIS
az In the opinion OF the said commissioner Will
be payable in respect OF such certificates. cou-
pons, registered interest and bonds, upon dlstri-
button OF the proceeds OF such sale under the
priorlties OF liens, az settled aud determined by
this decree And II any question shall arise as
20 the rate and amount at and Tor which such
certificates. coupons, registered interest," ana
bonds shall DO received leave IS reserved 70 APP
ply 10 this court on the basis Of this decree.
All net revenues between date OF sale and
delivery OF possession 20 the purchaser will be
paid over 70 the purchaser or applod a. a credit
upon his purchase money. Hut no conveyance
will be- made nor the property delivered 70 the
purchaser until there has been nnal settle
msnt OF the accounts Of the Receivers and us
charge OF them from further liability In tue
premises. 60.
"If the Gale shall be approved by tho Court
upon the Commissioners report thereof coming
In the same shall stand confirmed, and 50 soon
a. all the terms OF sale and CONDITIONS as specl-
fed in this decree shall have been compiled
with and fulfilled, ana all acts shall have been
done required by this decree TO be done, the pur-
chaser sLall be entitled 10 conveyance OF the
premises. And upon such compliance and per-
fOrmance as aforesaid, and Cpon Application
and due proof thereof and upon the assump-
ton by tho said purchaser OF all then outstand-
ing lawful liabilities and contracts OF the re-
ceivers, and upon indemnifying the said Re
ceivers against the same in such manner az the
Court may hereafter determine. the Court VIII
order conveyance Of title 10 and transfer OF
all and singular the premises 70 the purchaser"
Any sale made by the undersigned shall De
subject to the confirmation OF the Court
EUGENE X. LELAND, Commissioner.
RICHMOND. January 3. 1889.
hereby certify that the bond required OF +.
r. Leland. commissioner in aforementioned
causes. has been duly given.
Teste: ALFRED 9HEILD, Clerk.
il -