Los Angeles herald., 1892-03-26
LEGAL.
Notice of Application for Leave to
Mortgage.

TN THE SUPERIOR COURT OF THE
i county of Los Angeles, state OF California.
In the matter of the application OF the Los
Angeles Orphan Asylum, a corporation, for
leave to mortgage certain property. to secure
the payment of Indebtedness OF said corpora
Notice is hereby given that the Los Angeles
Orphan Asylum, a corporation, has applied to
this court for leave to mortgage that certain
property, belonging to said corporation, stu.
Angeles, State of California, and bounded and
described as follows, to wit:
First-Lots one ~, two ~ and three ~. Ct
SO, of Hancock's survey, according to map Of
said subdivision recorded in book 5, page 505,
OF miscellaneous records OF said Los Angeles
county.
Second-Commencing at the northeast corner
Of lot two (2) in block fifty eight (5Sl. OF Han
cocks g survey an ana running thence 27 deg 81
(x) eleven lD chains and fifty (5O) linksi
thence q deg 13 min W six l6) chains and
eleven 0ll LINK links; thence l deg W fous "a
links; thence N ss deg "a MIN W one III chain
and an I'VE IS) links; thence deg rs min six
southerly line of Stevenson avenue; thence $
% deg min along the southerly line OF Ste
yenson avenue ten llO) chains and ninety.four
l94l links to the place of beginning, containing
10. 527 acreso land, and being that portion OF
said lot two (2). block ffty-eight l5s), which is
DESIGNATED as as lot a on map accompanying
cisca W. de shepherd, recorded In book 1866,
page 80, OF deeds. records of said Los Angeles
county.
To secure the payment of thirty thousand
dollars, which amount it is alleged by said
corporation, is requisite for the defraying OF
Indebtedness incurred in carrying out the OBJ
jects for which said corporation was organized,
and especially in the erection of q certain
building located upon said premises. Said sum
of thirty thousand dollars, said corporation
alleges, Is to be loaned by the Los Angeles
Savings bank, said corporation to execute Its
promissory note for said sum, payable on
March !, 1894, with interest at the rate of nine
per cent. per annum; interest payable quar-
terly, and If not SO paid the whole sum of
principal and interest Immediately to become
due and payable, and the interest to be COM
pounded quarterly at the same rate. Said note
to be paid in gold coin of the United States,
and said mortgage to contain the sever Il cove
nants and agreements set forth in the petition
for leave to mortgage this day filed in this
court, and to which reference Is hereby made
for further particulars.
Upon the fling of said petition an order was
made by said court setting the hearing thereof
for Monday, the 2Sth day Of March, 1892, at
ten O'Clock q. m, and 1t was by said order re-
quired that the clerk of this court should give
notice Of said application by publication in the
Los Angeles HERALD, for five days from this
date.
Now, therefore, all parties interested are
hereby notified Of the hearing aforesaid, and
to show cause in this court at the courtroom
thereof, department 1, at the courthouse In
Los Angeles city, county of Los Angeles, state
Of California, on Monday. the 26th day Of
March, 1892. at ten O'Clock a. m, why said ap-
plication should not be granted as prayed
for.
Dated, March %, 1892:
By A. W. sEAvER, Deputy. 3.23 st