Los Angeles herald., 1892-03-25
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, corporation. for
leave to mortgage certain property to secure
the payment of Indebtedness of said corpora
ton.
Notice is hereby given that the Los Angeles
Orphan Asylum, corporation has applied to
this court for leave to mortgage that certain
property, belonging to said corporation, stu
ated in the city of Los Angeles, county Of Los
Angeles State of California, ana bounded and
described as follows, to wit:
F1rst-Lots one (1l, two W and three (3) of
Davis subdivision of portion of lot l, beck
50, of Hancock's survey, according to map of
said subdivision recorded in book 3, page sos,
OF miscellaneous records of said Los Angeles
county.
Second-Commencing at the northeast corner
of lot two (2) i'll block fifty-eight (59l. of Han
cocks survey, and running, thence q deg 81
(Z) eleven lD chaias and fifty (5O) links;
thence y deg 10 min W six l6) cha ms and
eleven QD links: thence N 1 deg W four a.
chains and ffty-fve (55) links; thence 81
deg 80 min E two ~ chains and sixty-tix t66)
llnks; thence SS deg 27 MN w one ~ chain
and a i've t5) links; thence deg 2S min six
(6) chains and ffty-eight (5S) links to the
s0uthetly line of Stevenson avenue; thence S
63 deg min along the southerly line of Ste
venson avenue ten tlO) chains and ninety-four
10 527 acres OF land, and being that portion Of
said lot two (2). block ffty-eight t5,) which is
designated as lot A on map accompanying
cisca W. de .Sheph erd, recorded In book 1855,
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 a 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
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
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 filing of said petition an order was
for Monday, the 28th day of March, 1892, at
ten o'clock a. M, ard it 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, departm ent 4, at the courthouse in
Los Angeles city, county of Los Angeles, state
OF California, on Monday, the 2Sth 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. 1923 1T